Cost of living comparison
George Town is 2.2 times more expensive than Panama City.
If you lived in George Town instead of Panama City, you would:
pay 80.9% more for restaurants
Panama City
|
George Town
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$10.00
PAB10.00
|
$18.00
KYD15.00
|
|
Fast food combo meal
McDonalds, or similar
|
$7.00
PAB7.00
|
$12.00
KYD10.00
|
|
Bottle of Coca-Cola (11 fl. oz) |
$1.73
PAB1.73
|
$3.22
KYD2.69
|
|
Bottle of water (11 fl. oz) |
$1.34
PAB1.34
|
$2.49
KYD2.07
|
|
pay 2.2 times more for groceries
Panama City
|
George Town
|
||
---|---|---|---|
Bread
1 loaf
|
$2.36
PAB2.36
|
$4.74
KYD3.95
|
|
Local cheese (8 oz) |
$4.56
PAB4.56
|
$5.32
KYD4.44
|
|
Milk (1 gallon) |
$6.17
PAB6.17
|
$17.47
KYD14.56
|
|
Eggs
1 dozen
|
$2.20
PAB2.20
|
$6.81
KYD5.67
|
|
Boneless chicken breast (1 lb) |
$3.23
PAB3.23
|
$4.57
KYD3.81
|
|
Apples (1 lb) |
$1.43
PAB1.43
|
$3.42
KYD2.85
|
|
Bananas (1 lb) |
$0.60
PAB0.60
|
$1.39
KYD1.16
|
|
Oranges (1 lb) |
$1.36
PAB1.36
|
$2.71
KYD2.26
|
|
Tomatoes (1 lb) |
$1.53
PAB1.53
|
$3.00
KYD2.50
|
|
Potatoes (1 lb) |
$0.89
PAB0.89
|
$2.60
KYD2.17
|
|
Onions (1 lb) |
$0.94
PAB0.94
|
$1.79
KYD1.49
|
|
pay 46.6% more for transportation
Panama City
|
George Town
|
||
---|---|---|---|
Gasoline (1 gallon) |
$4.18
PAB4.18
|
$6.60
KYD5.50
|
|
Monthly public transit pass |
$25.00
PAB25.00
|
$30.00
KYD25.00
|
|
New Volkswagen Golf 1.4 (standard edition) |
$22,250.00
PAB22,250.00
|
$35,995.22
KYD30,001.62
|
|
Taxi trip in downtown area (5 miles) |
$16.80
PAB16.80
|
?? | |
pay 3.3 times more for housing
Panama City
|
George Town
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$50.20
PAB50.20
|
$131.85
KYD109.89
|
|
1-Bedroom apartment in downtown area |
$900.91
PAB900.91
|
$2,699.64
KYD2,250.12
|
|
1-Bedroom apartment outside city center |
$515.48
PAB515.48
|
$1,899.75
KYD1,583.42
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$82.33
PAB82.33
|
$308.06
KYD256.77
|
|
pay 2.1 times more for childcare
Panama City
|
George Town
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$420.62
PAB420.62
|
$929.88
KYD775.04
|
|
Middle school for 1 child, two semesters |
$9,343.71
PAB9,343.71
|
$19,137.46
KYD15,950.86
|
|
pay 2.2 times more for entertainment and sports
Panama City
|
George Town
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$2.50
PAB2.50
|
$6.60
KYD5.50
|
|
Cappuccino in mid-range area |
$3.51
PAB3.51
|
$5.85
KYD4.88
|
|
Pack of cigarettes
Marlboro or similar
|
$5.78
PAB5.78
|
$12.00
KYD10.00
|
|
Monthly membership at local gym |
$42.79
PAB42.79
|
$66.79
KYD55.67
|
|
Movie ticket to theater/cinema |
$6.00
PAB6.00
|
$18.00
KYD15.00
|
|
pay 2.1 times more for clothing
Panama City
|
George Town
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$53.50
PAB53.50
|
$83.99
KYD70.00
|
|
Regular dress
from H&M or similar store
|
$41.33
PAB41.33
|
$106.49
KYD88.75
|
|
Running shoes
Nike or Adidas
|
$74.88
PAB74.88
|
$181.18
KYD151.01
|
|
Men's business shoes (leather) |
$90.67
PAB90.67
|
$155.98
KYD130.01
|
|
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