Cost of living comparison

Uruguay

compared to

Panama

Panama City vs. Montevideo Cost of Living Summary

Panama City is 0.8% cheaper than Montevideo.

Restaurants: pay 31.8% less in Panama City
Groceries: pay 12.6% more in Panama City
Transportation: pay 37.8% less in Panama City
Housing: pay 41.0% more in Panama City
Childcare: pay 12.8% less in Panama City
Entertainment and Sports: pay 20.0% less in Panama City
Clothing: pay 22.5% less in Panama City

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

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Panama City vs. Montevideo Cost Breakdown

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

Display currency: USD

pay 31.8% less for restaurants

	Montevideo	Panama City
Basic meal with drink at inexpensive restaurant	$15.00 UYU604.72	$11.50 PAB11.50	-23.3%
Fast food combo meal McDonalds, or similar	$14.46 UYU583.02	$8.00 PAB8.00	-44.7%
Bottle of Coca-Cola (11 fl. oz)	$2.70 UYU108.81	$1.97 PAB1.97	-27.0%
Bottle of water (11 fl. oz)	$2.05 UYU82.66	$1.60 PAB1.60	-22.0%
Average			-31.8%

Montevideo vs. Panama City - Cost of restaurants

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pay 12.6% more for groceries

	Montevideo	Panama City
Bread 1 loaf	$2.84 UYU114.69	$2.52 PAB2.52	-11.6%
Local cheese (8 oz)	$7.03 UYU283.55	$6.18 PAB6.18	-12.1%
Milk (1 gallon)	$5.10 UYU205.48	$7.09 PAB7.09	+39.0%
Eggs 1 dozen	$4.57 UYU184.15	$2.75 PAB2.75	-39.9%
Boneless chicken breast (1 lb)	$5.46 UYU220.10	$3.07 PAB3.07	-43.8%
Apples (1 lb)	$1.28 UYU51.67	$1.87 PAB1.87	+45.9%
Bananas (1 lb)	$1.27 UYU51.03	$0.82 PAB0.82	-34.9%
Oranges (1 lb)	$0.80 UYU32.15	$1.92 PAB1.92	+140.6%
Tomatoes (1 lb)	$1.44 UYU58.00	$1.86 PAB1.86	+29.0%
Potatoes (1 lb)	$0.92 UYU37.22	$1.55 PAB1.55	+67.5%
Onions (1 lb)	$0.96 UYU38.73	$1.96 PAB1.96	+103.8%
Average			+12.6%

Montevideo vs. Panama City - Cost of groceries

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pay 37.8% less for transportation

	Montevideo	Panama City
Gasoline (1 gallon)	$8.25 UYU332.50	$4.62 PAB4.62	-44.0%
Monthly public transit pass	$74.80 UYU3,015.63	$21.00 PAB21.00	-71.9%
New Volkswagen Golf 1.4 (standard edition)	$26,990.00 UYU1M	$21,262.00 PAB21,262.00	-21.2%
Taxi trip in downtown area (5 miles)	$5.27 UYU212.50	$16.98 PAB16.98	+222.1%
Average			-37.8%

Montevideo vs. Panama City - Cost of transportation

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pay 41.0% more for housing

	Montevideo	Panama City
Internet connection 50 mbps or faster, cable/dsl	$44.58 UYU1,797.10	$48.70 PAB48.70	+9.3%
1-Bedroom apartment in downtown area	$706.61 UYU28,486.90	$1,262.50 PAB1,262.50	+78.7%
1-Bedroom apartment outside city center	$583.28 UYU23,514.79	$874.18 PAB874.18	+49.9%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$144.76 UYU5,836.03	$100.29 PAB100.29	-30.7%
Average			+41.0%

Montevideo vs. Panama City - Cost of housing

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pay 12.8% less for childcare

	Montevideo	Panama City
Private preschool for 1 child, monthly	$626.83 UYU25,270.58	$543.33 PAB543.33	-13.3%
Middle school for 1 child, two semesters	$10,986.11 UYU443K	$9,641.50 PAB9,641.50	-12.2%
Average			-12.8%

Montevideo vs. Panama City - Cost of childcare

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pay 20.0% less for entertainment and sports

	Montevideo	Panama City
Domestic/local beer (1 pint)	$4.92 UYU198.53	$3.30 PAB3.30	-33.0%
Cappuccino in mid-range area	$4.59 UYU184.84	$4.11 PAB4.11	-10.4%
Pack of cigarettes Marlboro or similar	$5.49 UYU221.15	$6.00 PAB6.00	+9.4%
Monthly membership at local gym	$54.39 UYU2,192.54	$46.40 PAB46.40	-14.7%
Movie ticket to theater/cinema	$12.22 UYU492.55	$8.50 PAB8.50	-30.4%
Average			-20.0%

Montevideo vs. Panama City - Cost of entertainment and sports

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pay 22.5% less for clothing

	Montevideo	Panama City
Regular jeans Levi's brand	$102.85 UYU4,146.32	$66.67 PAB66.67	-35.2%
Regular dress from H&M or similar store	$56.61 UYU2,282.30	$48.43 PAB48.43	-14.5%
Running shoes Nike or Adidas	$124.46 UYU5,017.67	$94.62 PAB94.62	-24.0%
Men's business shoes (leather)	$130.21 UYU5,249.43	$111.67 PAB111.67	-14.2%
Average			-22.5%

Montevideo 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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