Cost of living comparison

Panama

compared to

Uruguay

Montevideo vs. Panama City Cost of Living Summary

Montevideo is 0.8% more expensive than Panama City.

Restaurants: pay 46.7% more in Montevideo
Groceries: pay 11.2% less in Montevideo
Transportation: pay 60.8% more in Montevideo
Housing: pay 29.1% less in Montevideo
Childcare: pay 14.7% more in Montevideo
Entertainment and Sports: pay 25.0% more in Montevideo
Clothing: pay 29.0% more in Montevideo

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

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Montevideo vs. Panama City Cost Breakdown

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

Display currency: USD

pay 46.7% more for restaurants

	Panama City	Montevideo
Basic meal with drink at inexpensive restaurant	$11.50 PAB11.50	$15.00 UYU604.72	+30.4%
Fast food combo meal McDonalds, or similar	$8.00 PAB8.00	$14.46 UYU583.02	+80.8%
Bottle of Coca-Cola (11 fl. oz)	$1.97 PAB1.97	$2.70 UYU108.81	+36.9%
Bottle of water (11 fl. oz)	$1.60 PAB1.60	$2.05 UYU82.66	+28.1%
Average			+46.7%

Panama City vs. Montevideo - Cost of restaurants

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pay 11.2% less for groceries

	Panama City	Montevideo
Bread 1 loaf	$2.52 PAB2.52	$2.84 UYU114.69	+13.1%
Local cheese (8 oz)	$6.18 PAB6.18	$7.03 UYU283.55	+13.7%
Milk (1 gallon)	$7.09 PAB7.09	$5.10 UYU205.48	-28.1%
Eggs 1 dozen	$2.75 PAB2.75	$4.57 UYU184.15	+66.3%
Boneless chicken breast (1 lb)	$3.07 PAB3.07	$5.46 UYU220.10	+78.0%
Apples (1 lb)	$1.87 PAB1.87	$1.28 UYU51.67	-31.5%
Bananas (1 lb)	$0.82 PAB0.82	$1.27 UYU51.03	+53.6%
Oranges (1 lb)	$1.92 PAB1.92	$0.80 UYU32.15	-58.4%
Tomatoes (1 lb)	$1.86 PAB1.86	$1.44 UYU58.00	-22.5%
Potatoes (1 lb)	$1.55 PAB1.55	$0.92 UYU37.22	-40.3%
Onions (1 lb)	$1.96 PAB1.96	$0.96 UYU38.73	-50.9%
Average			-11.2%

Panama City vs. Montevideo - Cost of groceries

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pay 60.8% more for transportation

	Panama City	Montevideo
Gasoline (1 gallon)	$4.62 PAB4.62	$8.25 UYU332.50	+78.5%
Monthly public transit pass	$21.00 PAB21.00	$74.80 UYU3,015.63	+256.2%
New Volkswagen Golf 1.4 (standard edition)	$21,262.00 PAB21,262.00	$26,990.00 UYU1M	+26.9%
Taxi trip in downtown area (5 miles)	$16.98 PAB16.98	$5.27 UYU212.50	-69.0%
Average			+60.8%

Panama City vs. Montevideo - Cost of transportation

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pay 29.1% less for housing

	Panama City	Montevideo
Internet connection 50 mbps or faster, cable/dsl	$48.70 PAB48.70	$44.58 UYU1,797.10	-8.5%
1-Bedroom apartment in downtown area	$1,262.50 PAB1,262.50	$706.61 UYU28,486.90	-44.0%
1-Bedroom apartment outside city center	$874.18 PAB874.18	$583.28 UYU23,514.79	-33.3%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$100.29 PAB100.29	$144.76 UYU5,836.03	+44.3%
Average			-29.1%

Panama City vs. Montevideo - Cost of housing

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pay 14.7% more for childcare

	Panama City	Montevideo
Private preschool for 1 child, monthly	$543.33 PAB543.33	$626.83 UYU25,270.58	+15.4%
Middle school for 1 child, two semesters	$9,641.50 PAB9,641.50	$10,986.11 UYU443K	+13.9%
Average			+14.7%

Panama City vs. Montevideo - Cost of childcare

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pay 25.0% more for entertainment and sports

	Panama City	Montevideo
Domestic/local beer (1 pint)	$3.30 PAB3.30	$4.92 UYU198.53	+49.2%
Cappuccino in mid-range area	$4.11 PAB4.11	$4.59 UYU184.84	+11.6%
Pack of cigarettes Marlboro or similar	$6.00 PAB6.00	$5.49 UYU221.15	-8.6%
Monthly membership at local gym	$46.40 PAB46.40	$54.39 UYU2,192.54	+17.2%
Movie ticket to theater/cinema	$8.50 PAB8.50	$12.22 UYU492.55	+43.7%
Average			+25.0%

Panama City vs. Montevideo - Cost of entertainment and sports

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pay 29.0% more for clothing

	Panama City	Montevideo
Regular jeans Levi's brand	$66.67 PAB66.67	$102.85 UYU4,146.32	+54.3%
Regular dress from H&M or similar store	$48.43 PAB48.43	$56.61 UYU2,282.30	+16.9%
Running shoes Nike or Adidas	$94.62 PAB94.62	$124.46 UYU5,017.67	+31.5%
Men's business shoes (leather)	$111.67 PAB111.67	$130.21 UYU5,249.43	+16.6%
Average			+29.0%

Panama City vs. Montevideo - 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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