Cost of living comparison

compared to

Panama City vs. Nicosia Cost of Living Summary

Panama City is 0.5% more expensive than Nicosia.

Restaurants: pay 1.9% less in Panama City
Groceries: pay 8.9% more in Panama City
Transportation: pay 30.2% less in Panama City
Housing: pay 23.8% more in Panama City
Childcare: pay 40.1% more in Panama City
Entertainment and Sports: pay 22.3% less in Panama City
Clothing: pay 14.9% less in Panama City

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

Panama City vs. Nicosia Cost Breakdown

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

Display currency: USD

pay 1.9% less for restaurants

	Nicosia	Panama City
Basic meal with drink at inexpensive restaurant	$17.52 €15.05	$10.00 PAB10.00	-42.9%
Fast food combo meal McDonalds, or similar	$8.76 €7.52	$8.00 PAB8.00	-8.7%
Bottle of Coca-Cola (11 fl. oz)	$1.80 €1.55	$1.70 PAB1.70	-5.6%
Bottle of water (11 fl. oz)	$0.89 €0.77	$1.33 PAB1.33	+49.7%
Average			-1.9%

Nicosia vs. Panama City - Cost of restaurants

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pay 8.9% more for groceries

	Nicosia	Panama City
Bread 1 loaf	$2.05 €1.76	$2.56 PAB2.56	+24.7%
Local cheese (8 oz)	$6.98 €5.99	$5.81 PAB5.81	-16.7%
Milk (1 gallon)	$7.72 €6.63	$6.82 PAB6.82	-11.7%
Eggs 1 dozen	$4.75 €4.08	$2.84 PAB2.84	-40.1%
Boneless chicken breast (1 lb)	$4.33 €3.72	$3.29 PAB3.29	-23.9%
Apples (1 lb)	$1.41 €1.21	$1.65 PAB1.65	+17.1%
Bananas (1 lb)	$0.94 €0.80	$0.70 PAB0.70	-24.7%
Oranges (1 lb)	$1.03 €0.88	$1.40 PAB1.40	+35.9%
Tomatoes (1 lb)	$1.51 €1.30	$1.46 PAB1.46	-3.2%
Potatoes (1 lb)	$0.68 €0.58	$1.00 PAB1.00	+47.3%
Onions (1 lb)	$0.71 €0.61	$1.37 PAB1.37	+92.7%
Average			+8.9%

Nicosia vs. Panama City - Cost of groceries

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pay 30.2% less for transportation

	Nicosia	Panama City
Gasoline (1 gallon)	$6.14 €5.27	$3.44 PAB3.44	-44.0%
Monthly public transit pass	$58.40 €50.15	$22.50 PAB22.50	-61.5%
New Volkswagen Golf 1.4 (standard edition)	$30,420.29 €26,125.28	$19,750.00 PAB19,750.00	-35.1%
Taxi trip in downtown area (5 miles)	$22.10 €18.98	$26.50 PAB26.50	+19.9%
Average			-30.2%

Nicosia vs. Panama City - Cost of transportation

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pay 23.8% more for housing

	Nicosia	Panama City
Internet connection 50 mbps or faster, cable/dsl	$34.97 €30.04	$49.20 PAB49.20	+40.7%
1-Bedroom apartment in downtown area	$762.27 €654.64	$1,164.71 PAB1,164.71	+52.8%
1-Bedroom apartment outside city center	$646.04 €554.83	$953.85 PAB953.85	+47.6%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$177.29 €152.26	$95.90 PAB95.90	-45.9%
Average			+23.8%

Nicosia vs. Panama City - Cost of housing

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pay 40.1% more for childcare

	Nicosia	Panama City
Private preschool for 1 child, monthly	$494.94 €425.06	$476.00 PAB476.00	-3.8%
Middle school for 1 child, two semesters	$8,545.79 €7,339.22	$15,733.33 PAB15,733.33	+84.1%
Average			+40.1%

Nicosia vs. Panama City - Cost of childcare

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pay 22.3% less for entertainment and sports

	Nicosia	Panama City
Domestic/local beer (1 pint)	$4.67 €4.01	$3.00 PAB3.00	-35.8%
Cappuccino in mid-range area	$3.78 €3.25	$3.61 PAB3.61	-4.5%
Pack of cigarettes Marlboro or similar	$5.84 €5.02	$5.92 PAB5.92	+1.5%
Monthly membership at local gym	$74.46 €63.95	$43.86 PAB43.86	-41.1%
Movie ticket to theater/cinema	$11.68 €10.03	$8.00 PAB8.00	-31.5%
Average			-22.3%

Nicosia vs. Panama City - Cost of entertainment and sports

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pay 14.9% less for clothing

	Nicosia	Panama City
Regular jeans Levi's brand	$100.45 €86.27	$50.00 PAB50.00	-50.2%
Regular dress from H&M or similar store	$54.02 €46.39	$47.50 PAB47.50	-12.1%
Running shoes Nike or Adidas	$97.39 €83.64	$89.55 PAB89.55	-8.1%
Men's business shoes (leather)	$114.61 €98.43	$126.88 PAB126.88	+10.7%
Average			-14.9%

Nicosia 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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