Cost of living comparison

Panama

compared to

Serbia

Belgrade vs. Panama City Cost of Living Summary

Belgrade is 12.6% cheaper than Panama City.

Restaurants: pay 37.0% more in Belgrade
Groceries: pay 43.7% less in Belgrade
Transportation: pay 33.9% more in Belgrade
Housing: pay 25.5% less in Belgrade
Childcare: pay 4.5% less in Belgrade
Entertainment and Sports: pay 8.0% less in Belgrade
Clothing: pay 28.8% more in Belgrade

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

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Belgrade vs. Panama City Cost Breakdown

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

Display currency: USD

pay 37.0% more for restaurants

	Panama City	Belgrade
Basic meal with drink at inexpensive restaurant	$11.50 PAB11.50	$13.25 RSD1,385	+15.3%
Fast food combo meal McDonalds, or similar	$8.00 PAB8.00	$13.35 RSD1,395	+66.9%
Bottle of Coca-Cola (11 fl. oz)	$1.97 PAB1.97	$2.79 RSD292	+41.5%
Bottle of water (11 fl. oz)	$1.60 PAB1.60	$2.31 RSD241	+44.3%
Average			+37.0%

Panama City vs. Belgrade - Cost of restaurants

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pay 43.7% less for groceries

	Panama City	Belgrade
Bread 1 loaf	$2.52 PAB2.52	$1.15 RSD120	-54.3%
Local cheese (8 oz)	$6.18 PAB6.18	$5.65 RSD590	-8.7%
Milk (1 gallon)	$7.09 PAB7.09	$5.41 RSD565	-23.7%
Eggs 1 dozen	$2.75 PAB2.75	$2.75 RSD287
Boneless chicken breast (1 lb)	$3.07 PAB3.07	$3.08 RSD322	+0.6%
Apples (1 lb)	$1.87 PAB1.87	$0.74 RSD77	-60.4%
Bananas (1 lb)	$0.82 PAB0.82	$0.83 RSD86	+0.1%
Oranges (1 lb)	$1.92 PAB1.92	$0.85 RSD88	-55.9%
Tomatoes (1 lb)	$1.86 PAB1.86	$1.39 RSD145	-25.2%
Potatoes (1 lb)	$1.55 PAB1.55	$0.41 RSD43	-73.5%
Onions (1 lb)	$1.96 PAB1.96	$0.32 RSD33	-83.9%
Average			-43.7%

Panama City vs. Belgrade - Cost of groceries

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pay 33.9% more for transportation

	Panama City	Belgrade
Gasoline (1 gallon)	$4.62 PAB4.62	$7.16 RSD748	+54.9%
Monthly public transit pass	$21.00 PAB21.00	??
New Volkswagen Golf 1.4 (standard edition)	$21,262.00 PAB21,262.00	$30,517.27 RSD3M	+43.5%
Taxi trip in downtown area (5 miles)	$16.98 PAB16.98	$11.06 RSD1,156	-34.9%
Average			+33.9%

Panama City vs. Belgrade - Cost of transportation

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pay 25.5% less for housing

	Panama City	Belgrade
Internet connection 50 mbps or faster, cable/dsl	$48.70 PAB48.70	$35.64 RSD3,725	-26.8%
1-Bedroom apartment in downtown area	$1,262.50 PAB1,262.50	$821.08 RSD85,814	-35.0%
1-Bedroom apartment outside city center	$874.18 PAB874.18	$553.04 RSD57,801	-36.7%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$100.29 PAB100.29	$166.93 RSD17,446	+66.4%
Average			-25.5%

Panama City vs. Belgrade - Cost of housing

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pay 4.5% less for childcare

	Panama City	Belgrade
Private preschool for 1 child, monthly	$543.33 PAB543.33	$425.54 RSD44,475	-21.7%
Middle school for 1 child, two semesters	$9,641.50 PAB9,641.50	$11,215.66 RSD1M	+16.3%
Average			-4.5%

Panama City vs. Belgrade - Cost of childcare

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pay 8.0% less for entertainment and sports

	Panama City	Belgrade
Domestic/local beer (1 pint)	$3.30 PAB3.30	$3.72 RSD389	+12.7%
Cappuccino in mid-range area	$4.11 PAB4.11	$3.12 RSD326	-24.1%
Pack of cigarettes Marlboro or similar	$6.00 PAB6.00	$4.67 RSD488	-22.1%
Monthly membership at local gym	$46.40 PAB46.40	$41.23 RSD4,309	-11.1%
Movie ticket to theater/cinema	$8.50 PAB8.50	$8.58 RSD897	+1.0%
Average			-8.0%

Panama City vs. Belgrade - Cost of entertainment and sports

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pay 28.8% more for clothing

	Panama City	Belgrade
Regular jeans Levi's brand	$66.67 PAB66.67	$110.61 RSD11,560	+65.9%
Regular dress from H&M or similar store	$48.43 PAB48.43	$46.78 RSD4,889	-3.4%
Running shoes Nike or Adidas	$94.62 PAB94.62	$117.03 RSD12,231	+23.7%
Men's business shoes (leather)	$111.67 PAB111.67	$154.95 RSD16,194	+38.8%
Average			+28.8%

Panama City vs. Belgrade - 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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