Cost of living comparison

Panama

compared to

Serbia

Belgrade vs. Panama City Cost of Living Summary

Belgrade is 7.9% more expensive than Panama City.

Restaurants: pay 51.0% more in Belgrade
Groceries: pay 28.0% less in Belgrade
Transportation: pay 34.8% more in Belgrade
Housing: pay 3.0% less in Belgrade
Childcare: pay 21.3% less in Belgrade
Entertainment and Sports: pay 6.1% less in Belgrade
Clothing: pay 27.9% more in Belgrade

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

Belgrade vs. Panama City Cost Breakdown

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

Display currency: USD

pay 51.0% more for restaurants

	Panama City	Belgrade
Basic meal with drink at inexpensive restaurant	$10.00 PAB10.00	$12.95 RSD1,304	+29.5%
Fast food combo meal McDonalds, or similar	$8.00 PAB8.00	$11.68 RSD1,176	+46.0%
Bottle of Coca-Cola (11 fl. oz)	$1.70 PAB1.70	$2.81 RSD283	+65.5%
Bottle of water (11 fl. oz)	$1.33 PAB1.33	$2.17 RSD219	+62.8%
Average			+51.0%

Panama City vs. Belgrade - Cost of restaurants

Improve prices · Change currency (USD)

pay 28.0% less for groceries

	Panama City	Belgrade
Bread 1 loaf	$2.56 PAB2.56	$0.87 RSD88	-66.0%
Local cheese (8 oz)	$5.81 PAB5.81	$5.46 RSD550	-6.0%
Milk (1 gallon)	$6.82 PAB6.82	$5.50 RSD554	-19.3%
Eggs 1 dozen	$2.84 PAB2.84	$2.82 RSD284	-0.7%
Boneless chicken breast (1 lb)	$3.29 PAB3.29	$3.51 RSD354	+6.6%
Apples (1 lb)	$1.65 PAB1.65	$0.70 RSD71	-57.3%
Bananas (1 lb)	$0.70 PAB0.70	$0.89 RSD90	+27.1%
Oranges (1 lb)	$1.40 PAB1.40	$0.84 RSD85	-39.8%
Tomatoes (1 lb)	$1.46 PAB1.46	$1.09 RSD110	-25.1%
Potatoes (1 lb)	$1.00 PAB1.00	$0.47 RSD47	-52.9%
Onions (1 lb)	$1.37 PAB1.37	$0.35 RSD36	-74.2%
Average			-28.0%

Panama City vs. Belgrade - Cost of groceries

Improve prices · Change currency (USD)

pay 34.8% more for transportation

	Panama City	Belgrade
Gasoline (1 gallon)	$3.44 PAB3.44	$7.02 RSD707	+104.1%
Monthly public transit pass	$22.50 PAB22.50	??
New Volkswagen Golf 1.4 (standard edition)	$19,750.00 PAB19,750.00	$30,949.00 RSD3M	+56.7%
Taxi trip in downtown area (5 miles)	$26.50 PAB26.50	$11.56 RSD1,164	-56.4%
Average			+34.8%

Panama City vs. Belgrade - Cost of transportation

Improve prices · Change currency (USD)

pay 3.0% less for housing

	Panama City	Belgrade
Internet connection 50 mbps or faster, cable/dsl	$49.20 PAB49.20	$34.99 RSD3,523	-28.9%
1-Bedroom apartment in downtown area	$1,164.71 PAB1,164.71	$875.83 RSD88,179	-24.8%
1-Bedroom apartment outside city center	$953.85 PAB953.85	$591.54 RSD59,557	-38.0%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$95.90 PAB95.90	$172.28 RSD17,346	+79.6%
Average			-3.0%

Panama City vs. Belgrade - Cost of housing

Improve prices · Change currency (USD)

pay 21.3% less for childcare

	Panama City	Belgrade
Private preschool for 1 child, monthly	$476.00 PAB476.00	$457.43 RSD46,055	-3.9%
Middle school for 1 child, two semesters	$15,733.33 PAB15,733.33	$9,625.72 RSD969K	-38.8%
Average			-21.3%

Panama City vs. Belgrade - Cost of childcare

Improve prices · Change currency (USD)

pay 6.1% less for entertainment and sports

	Panama City	Belgrade
Domestic/local beer (1 pint)	$3.00 PAB3.00	$3.49 RSD351	+16.3%
Cappuccino in mid-range area	$3.61 PAB3.61	$2.93 RSD295	-18.8%
Pack of cigarettes Marlboro or similar	$5.92 PAB5.92	$4.67 RSD470	-21.2%
Monthly membership at local gym	$43.86 PAB43.86	$41.09 RSD4,137	-6.3%
Movie ticket to theater/cinema	$8.00 PAB8.00	$7.97 RSD803	-0.4%
Average			-6.1%

Panama City vs. Belgrade - Cost of entertainment and sports

Improve prices · Change currency (USD)

pay 27.9% more for clothing

	Panama City	Belgrade
Regular jeans Levi's brand	$50.00 PAB50.00	$100.03 RSD10,071	+100.1%
Regular dress from H&M or similar store	$47.50 PAB47.50	$43.05 RSD4,334	-9.4%
Running shoes Nike or Adidas	$89.55 PAB89.55	$110.81 RSD11,156	+23.7%
Men's business shoes (leather)	$126.88 PAB126.88	$123.14 RSD12,398	-2.9%
Average			+27.9%

Panama City vs. Belgrade - Cost of clothing

Improve prices · Change currency (USD)

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: June 2026

Compare further: Panama City vs. Belgrade

Salary Calculator · Free tool

What salary would you need in Belgrade?

More cost comparisons

Panama City vs.

Ottawa

Panama City vs.

Washington

Panama City vs.

Paris

Panama City vs.

Papeete

Panama City vs.

Delhi

Panama City vs.

Bangkok

Panama City vs.

Nairobi

Panama City vs.

Moscow

Share this

Compare countries by overall cost of living

See the cost of living in Panama vs. Serbia. This provides a comparison of the average cost of living from cities within Panama and Serbia.

Help us improve these prices

MyLifeElsewhere is a collaborative project. Please enter price information for your location to help assist us in making these comparisons more accurate. Learn more

Add prices for Panama City

Add prices for Belgrade

Ask the Elsewhere Community

Join the Elsewhere community and ask a question about Belgrade or Panama City. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.