Cost of living comparison

compared to

Panama City vs. Baku Cost of Living Summary

Panama City is 90.6% more expensive than Baku.

Restaurants: pay 68.9% more in Panama City
Groceries: pay 2.5 times more in Panama City
Transportation: pay 90.1% more in Panama City
Housing: pay 2.8 times more in Panama City
Childcare: pay 2.1 times more in Panama City
Entertainment and Sports: pay 36.1% more in Panama City
Clothing: pay 5.5% less in Panama City

The cost of housing, groceries, childcare, transportation, restaurants, and entertainment and sports in Panama City are more expensive than in Baku. Notably, housing, groceries, and childcare are significantly more expensive in Panama City.

Panama City vs. Baku Cost Breakdown

If you lived in Panama City instead of Baku, you would:

Display currency: USD

pay 68.9% more for restaurants

	Baku	Panama City
Basic meal with drink at inexpensive restaurant	$8.82 AZN15.00	$10.00 PAB10.00	+13.3%
Fast food combo meal McDonalds, or similar	$7.65 AZN13.00	$8.00 PAB8.00	+4.6%
Bottle of Coca-Cola (11 fl. oz)	$0.91 AZN1.55	$1.70 PAB1.70	+86.7%
Bottle of water (11 fl. oz)	$0.49 AZN0.84	$1.33 PAB1.33	+171.1%
Average			+68.9%

Baku vs. Panama City - Cost of restaurants

Improve prices · Change currency (USD)

pay 2.5 times more for groceries

	Baku	Panama City
Bread 1 loaf	$0.49 AZN0.83	$2.56 PAB2.56	+424.4%
Local cheese (8 oz)	$2.50 AZN4.25	$5.81 PAB5.81	+132.2%
Milk (1 gallon)	$5.46 AZN9.28	$6.82 PAB6.82	+25.0%
Eggs 1 dozen	$1.47 AZN2.49	$2.84 PAB2.84	+93.9%
Boneless chicken breast (1 lb)	$2.16 AZN3.67	$3.29 PAB3.29	+52.7%
Apples (1 lb)	$0.61 AZN1.03	$1.65 PAB1.65	+170.9%
Bananas (1 lb)	$0.80 AZN1.36	$0.70 PAB0.70	-12.3%
Oranges (1 lb)	$0.71 AZN1.20	$1.40 PAB1.40	+98.0%
Tomatoes (1 lb)	$0.79 AZN1.34	$1.46 PAB1.46	+85.3%
Potatoes (1 lb)	$0.35 AZN0.60	$1.00 PAB1.00	+182.7%
Onions (1 lb)	$0.25 AZN0.42	$1.37 PAB1.37	+447.3%
Average			+154.6%

Baku vs. Panama City - Cost of groceries

Improve prices · Change currency (USD)

pay 90.1% more for transportation

	Baku	Panama City
Gasoline (1 gallon)	$2.73 AZN4.64	$3.44 PAB3.44	+26.0%
Monthly public transit pass	$17.65 AZN30.00	$22.50 PAB22.50	+27.5%
New Volkswagen Golf 1.4 (standard edition)	$20,294.12 AZN34,500.00	$19,750.00 PAB19,750.00	-2.7%
Taxi trip in downtown area (5 miles)	$6.47 AZN11.00	$26.50 PAB26.50	+309.5%
Average			+90.1%

Baku vs. Panama City - Cost of transportation

Improve prices · Change currency (USD)

pay 2.8 times more for housing

	Baku	Panama City
Internet connection 50 mbps or faster, cable/dsl	$15.43 AZN26.23	$49.20 PAB49.20	+218.8%
1-Bedroom apartment in downtown area	$480.39 AZN816.67	$1,164.71 PAB1,164.71	+142.4%
1-Bedroom apartment outside city center	$272.55 AZN463.33	$953.85 PAB953.85	+250.0%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$49.44 AZN84.04	$95.90 PAB95.90	+94.0%
Average			+176.3%

Baku vs. Panama City - Cost of housing

Improve prices · Change currency (USD)

pay 2.1 times more for childcare

	Baku	Panama City
Private preschool for 1 child, monthly	$247.99 AZN421.59	$476.00 PAB476.00	+91.9%
Middle school for 1 child, two semesters	$6,692.31 AZN11,376.92	$15,733.33 PAB15,733.33	+135.1%
Average			+113.5%

Baku vs. Panama City - Cost of childcare

Improve prices · Change currency (USD)

pay 36.1% more for entertainment and sports

	Baku	Panama City
Domestic/local beer (1 pint)	$1.76 AZN3.00	$3.00 PAB3.00	+70.0%
Cappuccino in mid-range area	$3.57 AZN6.07	$3.61 PAB3.61	+1.1%
Pack of cigarettes Marlboro or similar	$3.53 AZN6.00	$5.92 PAB5.92	+67.9%
Monthly membership at local gym	$41.63 AZN70.77	$43.86 PAB43.86	+5.4%
Movie ticket to theater/cinema	$5.88 AZN10.00	$8.00 PAB8.00	+36.0%
Average			+36.1%

Baku vs. Panama City - Cost of entertainment and sports

Improve prices · Change currency (USD)

pay 5.5% less for clothing

	Baku	Panama City
Regular jeans Levi's brand	$58.80 AZN99.96	$50.00 PAB50.00	-15.0%
Regular dress from H&M or similar store	$51.93 AZN88.27	$47.50 PAB47.50	-8.5%
Running shoes Nike or Adidas	$118.93 AZN202.17	$89.55 PAB89.55	-24.7%
Men's business shoes (leather)	$100.43 AZN170.73	$126.88 PAB126.88	+26.3%
Average			-5.5%

Baku vs. Panama City - Cost of clothing

Improve prices · Change currency (USD)

The statistics used to build this comparison are calculated using data from users just like you. We average the price of thousands of data points entered by users across the world. Learn more about our data sources. Page last updated: December 2025

More cost comparisons

Baku vs.

Singapore

Baku vs.

Moscow

Baku vs.

Nairobi

Baku vs.

Kiev

Baku vs.

Hong Kong

Baku vs.

Rome

Baku vs.

Ankara

Baku vs.

Mexico City

Share this

Compare countries by overall cost of living

See the cost of living in Azerbaijan vs. Panama. This provides a comparison of the average cost of living from cities within Azerbaijan and Panama.

Help us improve these prices

MyLifeElsewhere is a collaborative project. Please enter price information for your location to help assist us in making these comparisons more accurate. Learn more

Add prices for Baku

Add prices for Panama City

ASK THE ELSEWHERE COMMUNITY

Join the Elsewhere community and ask a question about Panama City or Baku. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.