Cost of living comparison
Georgetown is 23.6% cheaper than Panama City.
If you lived in Georgetown instead of Panama City, you would:
pay 27.8% less for restaurants
|
Panama City
|
Georgetown
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$10.00
PAB10.00
|
$7.09
$1,487
|
|
|
Fast food combo meal
McDonalds, or similar
|
$7.00
PAB7.00
|
$7.09
$1,487
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$1.73
PAB1.73
|
$1.19
$250
|
|
| Bottle of water (11 fl. oz) |
$1.34
PAB1.34
|
$0.64
$134
|
|
pay 10.8% more for groceries
|
Panama City
|
Georgetown
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.36
PAB2.36
|
$1.49
$313
|
|
| Local cheese (8 oz) |
$4.56
PAB4.56
|
$4.89
$1,025
|
|
| Milk (1 gallon) |
$6.17
PAB6.17
|
$12.79
$2,683
|
|
|
Eggs
1 dozen
|
$2.20
PAB2.20
|
$2.90
$609
|
|
| Boneless chicken breast (1 lb) |
$3.23
PAB3.23
|
$2.49
$523
|
|
| Apples (1 lb) |
$1.43
PAB1.43
|
$2.30
$481
|
|
| Bananas (1 lb) |
$0.60
PAB0.60
|
$1.03
$216
|
|
| Oranges (1 lb) |
$1.36
PAB1.36
|
$1.48
$311
|
|
| Tomatoes (1 lb) |
$1.53
PAB1.53
|
$0.86
$179
|
|
| Potatoes (1 lb) |
$0.89
PAB0.89
|
$0.63
$132
|
|
| Onions (1 lb) |
$0.94
PAB0.94
|
$0.58
$122
|
|
pay 4.9% more for transportation
|
Panama City
|
Georgetown
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$4.18
PAB4.18
|
$3.78
$792
|
|
| Monthly public transit pass |
$25.00
PAB25.00
|
$33.09
$6,940
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$22,250.00
PAB22,250.00
|
$15,600.24
$3,271,801
|
|
| Taxi trip in downtown area (5 miles) |
$16.80
PAB16.80
|
$21.27
$4,462
|
|
pay 30.8% less for housing
|
Panama City
|
Georgetown
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$50.20
PAB50.20
|
$59.56
$12,492
|
|
| 1-Bedroom apartment in downtown area |
$900.91
PAB900.91
|
$360.46
$75,598
|
|
| 1-Bedroom apartment outside city center |
$515.48
PAB515.48
|
$228.98
$48,024
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$82.33
PAB82.33
|
$60.66
$12,721
|
|
pay 83.7% less for childcare
|
Panama City
|
Georgetown
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$420.62
PAB420.62
|
$94.55
$19,829
|
|
| Middle school for 1 child, two semesters |
$9,343.71
PAB9,343.71
|
$954.92
$200,274
|
|
pay 19.7% less for entertainment and sports
|
Panama City
|
Georgetown
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$2.50
PAB2.50
|
$2.36
$496
|
|
| Cappuccino in mid-range area |
$3.51
PAB3.51
|
$3.43
$719
|
|
|
Pack of cigarettes
Marlboro or similar
|
$5.78
PAB5.78
|
$2.36
$496
|
|
| Monthly membership at local gym |
$42.79
PAB42.79
|
$28.36
$5,949
|
|
| Movie ticket to theater/cinema |
$6.00
PAB6.00
|
$6.15
$1,289
|
|
pay 18.7% less for clothing
|
Panama City
|
Georgetown
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$53.50
PAB53.50
|
$26.39
$5,536
|
|
|
Regular dress
from H&M or similar store
|
$41.33
PAB41.33
|
$46.49
$9,749
|
|
|
Running shoes
Nike or Adidas
|
$74.88
PAB74.88
|
$70.91
$14,872
|
|
| Men's business shoes (leather) |
$90.67
PAB90.67
|
$62.24
$13,054
|
|
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