Cost of living comparison

Panama

compared to

Cyprus

Nicosia vs. Panama City Cost of Living Summary

Nicosia is 0.3% more expensive than Panama City.

Restaurants: pay 18.2% more in Nicosia
Groceries: pay 14.4% less in Nicosia
Transportation: pay 61.2% more in Nicosia
Housing: pay 20.6% less in Nicosia
Childcare: pay 4.6% less in Nicosia
Entertainment and Sports: pay 24.1% more in Nicosia
Clothing: pay 17.9% more in Nicosia

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

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Nicosia vs. Panama City Cost Breakdown

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

Display currency: USD

pay 18.2% more for restaurants

	Panama City	Nicosia
Basic meal with drink at inexpensive restaurant	$11.50 PAB11.50	$16.80 €14.95	+46.1%
Fast food combo meal McDonalds, or similar	$8.00 PAB8.00	$8.96 €7.97	+12.0%
Bottle of Coca-Cola (11 fl. oz)	$1.97 PAB1.97	$2.30 €2.05	+16.8%
Bottle of water (11 fl. oz)	$1.60 PAB1.60	$0.89 €0.79	-44.3%
Average			+18.2%

Panama City vs. Nicosia - Cost of restaurants

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pay 14.4% less for groceries

	Panama City	Nicosia
Bread 1 loaf	$2.52 PAB2.52	$1.96 €1.74	-22.2%
Local cheese (8 oz)	$6.18 PAB6.18	$6.56 €5.84	+6.1%
Milk (1 gallon)	$7.09 PAB7.09	$6.95 €6.19	-1.9%
Eggs 1 dozen	$2.75 PAB2.75	$4.77 €4.25	+73.7%
Boneless chicken breast (1 lb)	$3.07 PAB3.07	$4.06 €3.62	+32.5%
Apples (1 lb)	$1.87 PAB1.87	$1.55 €1.38	-17.1%
Bananas (1 lb)	$0.82 PAB0.82	$0.95 €0.84	+15.2%
Oranges (1 lb)	$1.92 PAB1.92	$1.14 €1.01	-40.6%
Tomatoes (1 lb)	$1.86 PAB1.86	$1.58 €1.40	-15.0%
Potatoes (1 lb)	$1.55 PAB1.55	$0.85 €0.76	-44.9%
Onions (1 lb)	$1.96 PAB1.96	$0.71 €0.63	-63.6%
Average			-14.4%

Panama City vs. Nicosia - Cost of groceries

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pay 61.2% more for transportation

	Panama City	Nicosia
Gasoline (1 gallon)	$4.62 PAB4.62	$6.73 €5.99	+45.6%
Monthly public transit pass	$21.00 PAB21.00	$44.79 €39.86	+113.3%
New Volkswagen Golf 1.4 (standard edition)	$21,262.00 PAB21,262.00	$32,920.23 €29,300.19	+54.8%
Taxi trip in downtown area (5 miles)	$16.98 PAB16.98	$21.86 €19.45	+28.7%
Average			+61.2%

Panama City vs. Nicosia - Cost of transportation

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pay 20.6% less for housing

	Panama City	Nicosia
Internet connection 50 mbps or faster, cable/dsl	$48.70 PAB48.70	$33.22 €29.57	-31.8%
1-Bedroom apartment in downtown area	$1,262.50 PAB1,262.50	$784.43 €698.17	-37.9%
1-Bedroom apartment outside city center	$874.18 PAB874.18	$696.72 €620.11	-20.3%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$100.29 PAB100.29	$158.82 €141.36	+58.4%
Average			-20.6%

Panama City vs. Nicosia - Cost of housing

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pay 4.6% less for childcare

	Panama City	Nicosia
Private preschool for 1 child, monthly	$543.33 PAB543.33	$513.33 €456.88	-5.5%
Middle school for 1 child, two semesters	$9,641.50 PAB9,641.50	$9,282.61 €8,261.86	-3.7%
Average			-4.6%

Panama City vs. Nicosia - Cost of childcare

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pay 24.1% more for entertainment and sports

	Panama City	Nicosia
Domestic/local beer (1 pint)	$3.30 PAB3.30	$4.48 €3.99	+35.7%
Cappuccino in mid-range area	$4.11 PAB4.11	$3.65 €3.25	-11.2%
Pack of cigarettes Marlboro or similar	$6.00 PAB6.00	$5.60 €4.98	-6.7%
Monthly membership at local gym	$46.40 PAB46.40	$74.03 €65.89	+59.5%
Movie ticket to theater/cinema	$8.50 PAB8.50	$11.20 €9.97	+31.7%
Average			+24.1%

Panama City vs. Nicosia - Cost of entertainment and sports

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pay 17.9% more for clothing

	Panama City	Nicosia
Regular jeans Levi's brand	$66.67 PAB66.67	$102.69 €91.40	+54.0%
Regular dress from H&M or similar store	$48.43 PAB48.43	$54.75 €48.73	+13.1%
Running shoes Nike or Adidas	$94.62 PAB94.62	$100.22 €89.20	+5.9%
Men's business shoes (leather)	$111.67 PAB111.67	$116.92 €104.07	+4.7%
Average			+17.9%

Panama City vs. Nicosia - 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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