Cost of living comparison

Gambia

compared to

Panama

Panama City vs. Banjul Cost of Living Summary

Panama City is 4.0 times more expensive than Banjul.

Restaurants: pay 20.0% more in Panama City
Groceries: pay 2.4 times more in Panama City
Transportation: pay 2.9 times more in Panama City
Housing: pay 8.8 times more in Panama City
Childcare: pay 75.7 times more in Panama City
Entertainment and Sports: pay 55.5% more in Panama City
Clothing: pay 12.3% more in Panama City

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

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Panama City vs. Banjul Cost Breakdown

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

Display currency: USD

pay 20.0% more for restaurants

	Banjul	Panama City
Basic meal with drink at inexpensive restaurant	$7.31 GMD536.99	$11.50 PAB11.50	+57.4%
Fast food combo meal McDonalds, or similar	$7.86 GMD577.36	$8.00 PAB8.00	+1.8%
Bottle of Coca-Cola (11 fl. oz)	$2.64 GMD193.83	$1.97 PAB1.97	-25.2%
Bottle of water (11 fl. oz)	$1.58 GMD116.16	$1.60 PAB1.60	+1.2%
Average			+20.0%

Banjul vs. Panama City - Cost of restaurants

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pay 2.4 times more for groceries

	Banjul	Panama City
Bread 1 loaf	$0.63 GMD46.35	$2.52 PAB2.52	+299.0%
Local cheese (8 oz)	$3.04 GMD223.48	$6.18 PAB6.18	+103.4%
Milk (1 gallon)	$5.12 GMD375.98	$7.09 PAB7.09	+38.5%
Eggs 1 dozen	$1.93 GMD141.54	$2.75 PAB2.75	+42.7%
Boneless chicken breast (1 lb)	$1.23 GMD90.11	$3.07 PAB3.07	+150.2%
Apples (1 lb)	$0.92 GMD67.58	$1.87 PAB1.87	+103.4%
Bananas (1 lb)	$0.56 GMD41.30	$0.82 PAB0.82	+46.7%
Oranges (1 lb)	$0.82 GMD60.07	$1.92 PAB1.92	+134.8%
Tomatoes (1 lb)	$0.61 GMD45.05	$1.86 PAB1.86	+202.8%
Potatoes (1 lb)	$0.41 GMD30.04	$1.55 PAB1.55	+278.4%
Onions (1 lb)	$0.44 GMD32.29	$1.96 PAB1.96	+345.6%
Average			+138.7%

Banjul vs. Panama City - Cost of groceries

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pay 2.9 times more for transportation

	Banjul	Panama City
Gasoline (1 gallon)	$4.00 GMD294.08	$4.62 PAB4.62	+15.5%
Monthly public transit pass	$6.55 GMD481.43	$21.00 PAB21.00	+220.6%
New Volkswagen Golf 1.4 (standard edition)	$2,635.13 GMD194K	$21,262.00 PAB21,262.00	+706.9%
Taxi trip in downtown area (5 miles)	??	$16.98 PAB16.98
Average			+193.2%

Banjul vs. Panama City - Cost of transportation

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pay 8.8 times more for housing

	Banjul	Panama City
Internet connection 50 mbps or faster, cable/dsl	$45.05 GMD3,310.81	$48.70 PAB48.70	+8.1%
1-Bedroom apartment in downtown area	$102.56 GMD7,538.16	$1,262.50 PAB1,262.50	+1131.0%
1-Bedroom apartment outside city center	$81.08 GMD5,959.46	$874.18 PAB874.18	+978.2%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$23.25 GMD1,708.96	$100.29 PAB100.29	+331.3%
Average			+783.3%

Banjul vs. Panama City - Cost of housing

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pay 75.7 times more for childcare

	Banjul	Panama City
Private preschool for 1 child, monthly	$6.76 GMD496.62	$543.33 PAB543.33	+7941.3%
Middle school for 1 child, two semesters	$135.14 GMD9,932.43	$9,641.50 PAB9,641.50	+7034.7%
Average			+7474.5%

Banjul vs. Panama City - Cost of childcare

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pay 55.5% more for entertainment and sports

	Banjul	Panama City
Domestic/local beer (1 pint)	$5.61 GMD412.40	$3.30 PAB3.30	-41.2%
Cappuccino in mid-range area	$3.69 GMD271.01	$4.11 PAB4.11	+11.4%
Pack of cigarettes Marlboro or similar	$1.69 GMD124.16	$6.00 PAB6.00	+255.2%
Monthly membership at local gym	$23.65 GMD1,738.18	$46.40 PAB46.40	+96.2%
Movie ticket to theater/cinema	$3.38 GMD248.31	$8.50 PAB8.50	+151.6%
Average			+55.5%

Banjul vs. Panama City - Cost of entertainment and sports

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pay 12.3% more for clothing

	Banjul	Panama City
Regular jeans Levi's brand	$56.00 GMD4,116.00	$66.67 PAB66.67	+19.0%
Regular dress from H&M or similar store	$44.34 GMD3,258.99	$48.43 PAB48.43	+9.2%
Running shoes Nike or Adidas	$99.43 GMD7,308.11	$94.62 PAB94.62	-4.8%
Men's business shoes (leather)	$86.99 GMD6,393.77	$111.67 PAB111.67	+28.4%
Average			+12.3%

Banjul vs. Panama City - Cost of clothing

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We average the price of thousands of data points entered by users across the world. Sources: MyLifeElsewhere's cost-of-living dataset (prices updated October 2026). How we calculate this

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