Cost of living comparison

compared to

Panama City vs. Copenhagen Cost of Living Summary

Panama City is 37.5% cheaper than Copenhagen.

Restaurants: pay 59.8% less in Panama City
Groceries: pay 26.9% less in Panama City
Transportation: pay 50.8% less in Panama City
Housing: pay 23.8% less in Panama City
Childcare: pay 16.5% less in Panama City
Entertainment and Sports: pay 48.0% less in Panama City
Clothing: pay 36.6% less in Panama City

Expenses including restaurants, transportation, entertainment and sports, clothing, groceries, and housing are lower in Panama City.

Panama City vs. Copenhagen Cost Breakdown

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

Display currency: USD

pay 59.8% less for restaurants

	Copenhagen	Panama City
Basic meal with drink at inexpensive restaurant	$28.17 DKK180.68	$10.00 PAB10.00	-64.5%
Fast food combo meal McDonalds, or similar	$15.65 DKK100.38	$8.00 PAB8.00	-48.9%
Bottle of Coca-Cola (11 fl. oz)	$4.62 DKK29.63	$1.70 PAB1.70	-63.2%
Bottle of water (11 fl. oz)	$3.55 DKK22.79	$1.33 PAB1.33	-62.4%
Average			-59.8%

Copenhagen vs. Panama City - Cost of restaurants

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pay 26.9% less for groceries

	Copenhagen	Panama City
Bread 1 loaf	$4.89 DKK31.35	$2.56 PAB2.56	-47.6%
Local cheese (8 oz)	$7.87 DKK50.48	$5.81 PAB5.81	-26.2%
Milk (1 gallon)	$8.66 DKK55.57	$6.82 PAB6.82	-21.3%
Eggs 1 dozen	$5.63 DKK36.14	$2.84 PAB2.84	-49.5%
Boneless chicken breast (1 lb)	$5.77 DKK37.03	$3.29 PAB3.29	-42.9%
Apples (1 lb)	$1.67 DKK10.71	$1.65 PAB1.65	-1.4%
Bananas (1 lb)	$1.57 DKK10.10	$0.70 PAB0.70	-55.3%
Oranges (1 lb)	$1.74 DKK11.18	$1.40 PAB1.40	-19.8%
Tomatoes (1 lb)	$2.78 DKK17.82	$1.46 PAB1.46	-47.4%
Potatoes (1 lb)	$1.22 DKK7.84	$1.00 PAB1.00	-18.5%
Onions (1 lb)	$1.02 DKK6.51	$1.37 PAB1.37	+34.5%
Average			-26.9%

Copenhagen vs. Panama City - Cost of groceries

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pay 50.8% less for transportation

	Copenhagen	Panama City
Gasoline (1 gallon)	$8.55 DKK54.84	$3.44 PAB3.44	-59.7%
Monthly public transit pass	$125.18 DKK803.04	$22.50 PAB22.50	-82.0%
New Volkswagen Golf 1.4 (standard edition)	$50,855.90 DKK326,235.49	$19,750.00 PAB19,750.00	-61.2%
Taxi trip in downtown area (5 miles)	$26.52 DKK170.14	$26.50 PAB26.50	-0.1%
Average			-50.8%

Copenhagen vs. Panama City - Cost of transportation

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pay 23.8% less for housing

	Copenhagen	Panama City
Internet connection 50 mbps or faster, cable/dsl	$42.75 DKK274.25	$49.20 PAB49.20	+15.1%
1-Bedroom apartment in downtown area	$2,049.88 DKK13,149.80	$1,164.71 PAB1,164.71	-43.2%
1-Bedroom apartment outside city center	$1,435.45 DKK9,208.25	$953.85 PAB953.85	-33.6%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$144.40 DKK926.33	$95.90 PAB95.90	-33.6%
Average			-23.8%

Copenhagen vs. Panama City - Cost of housing

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pay 16.5% less for childcare

	Copenhagen	Panama City
Private preschool for 1 child, monthly	$612.48 DKK3,929.01	$476.00 PAB476.00	-22.3%
Middle school for 1 child, two semesters	$17,619.61 DKK113,028.05	$15,733.33 PAB15,733.33	-10.7%
Average			-16.5%

Copenhagen vs. Panama City - Cost of childcare

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pay 48.0% less for entertainment and sports

	Copenhagen	Panama City
Domestic/local beer (1 pint)	$9.39 DKK60.23	$3.00 PAB3.00	-68.0%
Cappuccino in mid-range area	$6.78 DKK43.51	$3.61 PAB3.61	-46.8%
Pack of cigarettes Marlboro or similar	$10.17 DKK65.25	$5.92 PAB5.92	-41.7%
Monthly membership at local gym	$56.25 DKK360.87	$43.86 PAB43.86	-22.0%
Movie ticket to theater/cinema	$20.73 DKK133.00	$8.00 PAB8.00	-61.4%
Average			-48.0%

Copenhagen vs. Panama City - Cost of entertainment and sports

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pay 36.6% less for clothing

	Copenhagen	Panama City
Regular jeans Levi's brand	$127.11 DKK815.38	$50.00 PAB50.00	-60.7%
Regular dress from H&M or similar store	$57.77 DKK370.60	$47.50 PAB47.50	-17.8%
Running shoes Nike or Adidas	$136.42 DKK875.13	$89.55 PAB89.55	-34.4%
Men's business shoes (leather)	$190.61 DKK1,222.72	$126.88 PAB126.88	-33.4%
Average			-36.6%

Copenhagen vs. Panama City - Cost of clothing

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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

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