Cost of living comparison

Portugal

compared to

Panama

Panama City vs. Lisbon Cost of Living Summary

Panama City is 13.9% cheaper than Lisbon.

Restaurants: pay 26.6% less in Panama City
Groceries: pay 38.9% more in Panama City
Transportation: pay 39.8% less in Panama City
Housing: pay 20.7% less in Panama City
Childcare: pay 32.5% less in Panama City
Entertainment and Sports: pay 1.5% more in Panama City
Clothing: pay 12.2% less in Panama City

The cost of groceries and entertainment and sports in Panama City are more expensive than in Lisbon. Expenses including transportation, childcare, restaurants, housing, and clothing are lower in Panama City.

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Panama City vs. Lisbon Cost Breakdown

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

Display currency: USD

pay 26.6% less for restaurants

	Lisbon	Panama City
Basic meal with drink at inexpensive restaurant	$16.80 €14.95	$11.50 PAB11.50	-31.5%
Fast food combo meal McDonalds, or similar	$11.20 €9.97	$8.00 PAB8.00	-28.6%
Bottle of Coca-Cola (11 fl. oz)	$2.30 €2.05	$1.97 PAB1.97	-14.5%
Bottle of water (11 fl. oz)	$1.70 €1.51	$1.60 PAB1.60	-5.9%
Average			-26.6%

Lisbon vs. Panama City - Cost of restaurants

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pay 38.9% more for groceries

	Lisbon	Panama City
Bread 1 loaf	$1.87 €1.67	$2.52 PAB2.52	+34.3%
Local cheese (8 oz)	$6.43 €5.72	$6.18 PAB6.18	-3.8%
Milk (1 gallon)	$4.34 €3.87	$7.09 PAB7.09	+63.2%
Eggs 1 dozen	$3.94 €3.51	$2.75 PAB2.75	-30.3%
Boneless chicken breast (1 lb)	$3.60 €3.21	$3.07 PAB3.07	-14.9%
Apples (1 lb)	$1.01 €0.90	$1.87 PAB1.87	+85.4%
Bananas (1 lb)	$0.78 €0.69	$0.82 PAB0.82	+6.1%
Oranges (1 lb)	$0.83 €0.74	$1.92 PAB1.92	+130.6%
Tomatoes (1 lb)	$1.14 €1.01	$1.86 PAB1.86	+63.2%
Potatoes (1 lb)	$0.82 €0.73	$1.55 PAB1.55	+87.9%
Onions (1 lb)	$0.91 €0.81	$1.96 PAB1.96	+113.9%
Average			+38.9%

Lisbon vs. Panama City - Cost of groceries

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pay 39.8% less for transportation

	Lisbon	Panama City
Gasoline (1 gallon)	$8.43 €7.50	$4.62 PAB4.62	-45.2%
Monthly public transit pass	$44.79 €39.86	$21.00 PAB21.00	-53.1%
New Volkswagen Golf 1.4 (standard edition)	$33,640.22 €29,941.00	$21,262.00 PAB21,262.00	-36.8%
Taxi trip in downtown area (5 miles)	$12.52 €11.14	$16.98 PAB16.98	+35.6%
Average			-39.8%

Lisbon vs. Panama City - Cost of transportation

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pay 20.7% less for housing

	Lisbon	Panama City
Internet connection 50 mbps or faster, cable/dsl	$32.72 €29.12	$48.70 PAB48.70	+48.9%
1-Bedroom apartment in downtown area	$1,595.62 €1,420.16	$1,262.50 PAB1,262.50	-20.9%
1-Bedroom apartment outside city center	$1,189.97 €1,059.12	$874.18 PAB874.18	-26.5%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$126.43 €112.53	$100.29 PAB100.29	-20.7%
Average			-20.7%

Lisbon vs. Panama City - Cost of housing

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pay 32.5% less for childcare

	Lisbon	Panama City
Private preschool for 1 child, monthly	$678.84 €604.19	$543.33 PAB543.33	-20.0%
Middle school for 1 child, two semesters	$16,935.72 €15,073.40	$9,641.50 PAB9,641.50	-43.1%
Average			-32.5%

Lisbon vs. Panama City - Cost of childcare

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pay 1.5% more for entertainment and sports

	Lisbon	Panama City
Domestic/local beer (1 pint)	$3.36 €2.99	$3.30 PAB3.30	-1.8%
Cappuccino in mid-range area	$3.03 €2.69	$4.11 PAB4.11	+35.8%
Pack of cigarettes Marlboro or similar	$6.72 €5.98	$6.00 PAB6.00	-10.7%
Monthly membership at local gym	$46.25 €41.16	$46.40 PAB46.40	+0.3%
Movie ticket to theater/cinema	$9.66 €8.60	$8.50 PAB8.50	-12.0%
Average			+1.5%

Lisbon vs. Panama City - Cost of entertainment and sports

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pay 12.2% less for clothing

	Lisbon	Panama City
Regular jeans Levi's brand	$102.78 €91.47	$66.67 PAB66.67	-35.1%
Regular dress from H&M or similar store	$45.72 €40.69	$48.43 PAB48.43	+5.9%
Running shoes Nike or Adidas	$99.13 €88.23	$94.62 PAB94.62	-4.5%
Men's business shoes (leather)	$123.02 €109.49	$111.67 PAB111.67	-9.2%
Average			-12.2%

Lisbon 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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