Cost of living comparison

Panama

compared to

Montenegro

Podgorica vs. Panama City Cost of Living Summary

Podgorica is 24.5% cheaper than Panama City.

Restaurants: pay 10.8% more in Podgorica
Groceries: pay 43.9% less in Podgorica
Transportation: pay 32.8% more in Podgorica
Housing: pay 41.1% less in Podgorica
Childcare: pay 31.0% less in Podgorica
Entertainment and Sports: pay 20.8% less in Podgorica
Clothing: pay 5.1% more in Podgorica

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

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Podgorica vs. Panama City Cost Breakdown

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

Display currency: USD

pay 10.8% more for restaurants

	Panama City	Podgorica
Basic meal with drink at inexpensive restaurant	$11.50 PAB11.50	$11.20 €9.97	-2.6%
Fast food combo meal McDonalds, or similar	$8.00 PAB8.00	$10.64 €9.47	+33.0%
Bottle of Coca-Cola (11 fl. oz)	$1.97 PAB1.97	$2.55 €2.27	+29.5%
Bottle of water (11 fl. oz)	$1.60 PAB1.60	$1.43 €1.27	-10.6%
Average			+10.8%

Panama City vs. Podgorica - Cost of restaurants

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pay 43.9% less for groceries

	Panama City	Podgorica
Bread 1 loaf	$2.52 PAB2.52	$0.98 €0.87	-61.2%
Local cheese (8 oz)	$6.18 PAB6.18	$4.33 €3.85	-30.0%
Milk (1 gallon)	$7.09 PAB7.09	$4.90 €4.36	-30.9%
Eggs 1 dozen	$2.75 PAB2.75	$3.50 €3.12	+27.5%
Boneless chicken breast (1 lb)	$3.07 PAB3.07	$3.77 €3.35	+22.7%
Apples (1 lb)	$1.87 PAB1.87	$0.72 €0.64	-61.3%
Bananas (1 lb)	$0.82 PAB0.82	$0.76 €0.68	-7.6%
Oranges (1 lb)	$1.92 PAB1.92	$0.80 €0.71	-58.5%
Tomatoes (1 lb)	$1.86 PAB1.86	$1.07 €0.95	-42.3%
Potatoes (1 lb)	$1.55 PAB1.55	$0.44 €0.39	-71.7%
Onions (1 lb)	$1.96 PAB1.96	$0.47 €0.42	-75.8%
Average			-43.9%

Panama City vs. Podgorica - Cost of groceries

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pay 32.8% more for transportation

	Panama City	Podgorica
Gasoline (1 gallon)	$4.62 PAB4.62	$7.02 €6.25	+51.9%
Monthly public transit pass	$21.00 PAB21.00	$33.59 €29.90	+60.0%
New Volkswagen Golf 1.4 (standard edition)	$21,262.00 PAB21,262.00	$30,517.27 €27,161.47	+43.5%
Taxi trip in downtown area (5 miles)	$16.98 PAB16.98	$7.03 €6.25	-58.6%
Average			+32.8%

Panama City vs. Podgorica - Cost of transportation

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pay 41.1% less for housing

	Panama City	Podgorica
Internet connection 50 mbps or faster, cable/dsl	$48.70 PAB48.70	$31.80 €28.30	-34.7%
1-Bedroom apartment in downtown area	$1,262.50 PAB1,262.50	$639.89 €569.53	-49.3%
1-Bedroom apartment outside city center	$874.18 PAB874.18	$489.46 €435.64	-44.0%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$100.29 PAB100.29	$98.01 €87.24	-2.3%
Average			-41.1%

Panama City vs. Podgorica - Cost of housing

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pay 31.0% less for childcare

	Panama City	Podgorica
Private preschool for 1 child, monthly	$543.33 PAB543.33	$340.96 €303.47	-37.2%
Middle school for 1 child, two semesters	$9,641.50 PAB9,641.50	$7,315.61 €6,511.15	-24.1%
Average			-31.0%

Panama City vs. Podgorica - Cost of childcare

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pay 20.8% less for entertainment and sports

	Panama City	Podgorica
Domestic/local beer (1 pint)	$3.30 PAB3.30	$3.08 €2.74	-6.7%
Cappuccino in mid-range area	$4.11 PAB4.11	$2.17 €1.94	-47.1%
Pack of cigarettes Marlboro or similar	$6.00 PAB6.00	$4.37 €3.89	-27.2%
Monthly membership at local gym	$46.40 PAB46.40	$48.15 €42.85	+3.8%
Movie ticket to theater/cinema	$8.50 PAB8.50	$6.44 €5.73	-24.3%
Average			-20.8%

Panama City vs. Podgorica - Cost of entertainment and sports

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pay 5.1% more for clothing

	Panama City	Podgorica
Regular jeans Levi's brand	$66.67 PAB66.67	$87.34 €77.74	+31.0%
Regular dress from H&M or similar store	$48.43 PAB48.43	$46.28 €41.19	-4.4%
Running shoes Nike or Adidas	$94.62 PAB94.62	$97.42 €86.70	+3.0%
Men's business shoes (leather)	$111.67 PAB111.67	$105.75 €94.12	-5.3%
Average			+5.1%

Panama City vs. Podgorica - 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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