Cost of living comparison

Panama

compared to

Hungary

Budapest vs. Panama City Cost of Living Summary

Budapest is 8.8% cheaper than Panama City.

Restaurants: pay 20.2% more in Budapest
Groceries: pay 34.1% less in Budapest
Transportation: pay 34.3% more in Budapest
Housing: pay 25.8% less in Budapest
Childcare: pay 31.1% more in Budapest
Entertainment and Sports: pay 13.2% more in Budapest
Clothing: pay 14.0% more in Budapest

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

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Budapest vs. Panama City Cost Breakdown

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

Display currency: USD

pay 20.2% more for restaurants

	Panama City	Budapest
Basic meal with drink at inexpensive restaurant	$11.50 PAB11.50	$13.77 HUF4,451.76	+19.7%
Fast food combo meal McDonalds, or similar	$8.00 PAB8.00	$10.17 HUF3,289.36	+27.2%
Bottle of Coca-Cola (11 fl. oz)	$1.97 PAB1.97	$2.08 HUF673.49	+5.7%
Bottle of water (11 fl. oz)	$1.60 PAB1.60	$1.83 HUF591.19	+14.3%
Average			+20.2%

Panama City vs. Budapest - Cost of restaurants

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pay 34.1% less for groceries

	Panama City	Budapest
Bread 1 loaf	$2.52 PAB2.52	$1.80 HUF580.67	-28.6%
Local cheese (8 oz)	$6.18 PAB6.18	$5.57 HUF1,802.14	-9.9%
Milk (1 gallon)	$7.09 PAB7.09	$4.40 HUF1,421.11	-38.0%
Eggs 1 dozen	$2.75 PAB2.75	$3.88 HUF1,253.03	+41.1%
Boneless chicken breast (1 lb)	$3.07 PAB3.07	$3.10 HUF1,003.00	+1.1%
Apples (1 lb)	$1.87 PAB1.87	$0.85 HUF274.62	-54.6%
Bananas (1 lb)	$0.82 PAB0.82	$0.94 HUF303.05	+13.7%
Oranges (1 lb)	$1.92 PAB1.92	$1.06 HUF341.51	-44.9%
Tomatoes (1 lb)	$1.86 PAB1.86	$1.73 HUF558.38	-6.9%
Potatoes (1 lb)	$1.55 PAB1.55	$0.45 HUF144.57	-71.1%
Onions (1 lb)	$1.96 PAB1.96	$0.46 HUF147.52	-76.7%
Average			-34.1%

Panama City vs. Budapest - Cost of groceries

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pay 34.3% more for transportation

	Panama City	Budapest
Gasoline (1 gallon)	$4.62 PAB4.62	$7.07 HUF2,284.96	+53.0%
Monthly public transit pass	$21.00 PAB21.00	$27.54 HUF8,903.52	+31.1%
New Volkswagen Golf 1.4 (standard edition)	$21,262.00 PAB21,262.00	$29,374.56 HUF9M	+38.2%
Taxi trip in downtown area (5 miles)	$16.98 PAB16.98	$14.14 HUF4,570.47	-16.7%
Average			+34.3%

Panama City vs. Budapest - Cost of transportation

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pay 25.8% less for housing

	Panama City	Budapest
Internet connection 50 mbps or faster, cable/dsl	$48.70 PAB48.70	$23.57 HUF7,621.57	-51.6%
1-Bedroom apartment in downtown area	$1,262.50 PAB1,262.50	$817.66 HUF264K	-35.2%
1-Bedroom apartment outside city center	$874.18 PAB874.18	$631.44 HUF204K	-27.8%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$100.29 PAB100.29	$132.77 HUF42,926.20	+32.4%
Average			-25.8%

Panama City vs. Budapest - Cost of housing

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pay 31.1% more for childcare

	Panama City	Budapest
Private preschool for 1 child, monthly	$543.33 PAB543.33	$539.65 HUF174K	-0.7%
Middle school for 1 child, two semesters	$9,641.50 PAB9,641.50	$16,674.34 HUF5M	+72.9%
Average			+31.1%

Panama City vs. Budapest - Cost of childcare

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pay 13.2% more for entertainment and sports

	Panama City	Budapest
Domestic/local beer (1 pint)	$3.30 PAB3.30	$3.67 HUF1,187.14	+11.3%
Cappuccino in mid-range area	$4.11 PAB4.11	$3.35 HUF1,081.59	-18.6%
Pack of cigarettes Marlboro or similar	$6.00 PAB6.00	$7.96 HUF2,572.13	+32.6%
Monthly membership at local gym	$46.40 PAB46.40	$67.07 HUF21,685.02	+44.5%
Movie ticket to theater/cinema	$8.50 PAB8.50	$9.33 HUF3,017.30	+9.8%
Average			+13.2%

Panama City vs. Budapest - Cost of entertainment and sports

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pay 14.0% more for clothing

	Panama City	Budapest
Regular jeans Levi's brand	$66.67 PAB66.67	$100.01 HUF32,333.83	+50.0%
Regular dress from H&M or similar store	$48.43 PAB48.43	$42.98 HUF13,894.99	-11.3%
Running shoes Nike or Adidas	$94.62 PAB94.62	$113.36 HUF36,650.47	+19.8%
Men's business shoes (leather)	$111.67 PAB111.67	$118.19 HUF38,210.94	+5.8%
Average			+14.0%

Panama City vs. Budapest - 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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