Cost of living comparison

Panama

compared to

Czech Republic

Prague vs. Panama City Cost of Living Summary

Prague is 4.3% more expensive than Panama City.

Restaurants: pay 4.8% more in Prague
Groceries: pay 34.9% less in Prague
Transportation: pay 31.0% more in Prague
Housing: pay 6.8% more in Prague
Childcare: pay 95.0% more in Prague
Entertainment and Sports: pay 22.1% more in Prague
Clothing: pay 16.5% more in Prague

The cost of childcare, transportation, entertainment and sports, clothing, housing, and restaurants in Prague are more expensive than in Panama City. Notably, childcare is significantly more expensive in Prague.

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Prague vs. Panama City Cost Breakdown

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

Display currency: USD

pay 4.8% more for restaurants

	Panama City	Prague
Basic meal with drink at inexpensive restaurant	$11.50 PAB11.50	$10.87 CZK235.32	-5.5%
Fast food combo meal McDonalds, or similar	$8.00 PAB8.00	$10.09 CZK218.35	+26.1%
Bottle of Coca-Cola (11 fl. oz)	$1.97 PAB1.97	$1.99 CZK43.14	+1.1%
Bottle of water (11 fl. oz)	$1.60 PAB1.60	$1.45 CZK31.30	-9.6%
Average			+4.8%

Panama City vs. Prague - Cost of restaurants

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pay 34.9% less for groceries

	Panama City	Prague
Bread 1 loaf	$2.52 PAB2.52	$1.64 CZK35.59	-34.6%
Local cheese (8 oz)	$6.18 PAB6.18	$5.97 CZK129.31	-3.4%
Milk (1 gallon)	$7.09 PAB7.09	$4.03 CZK87.21	-43.1%
Eggs 1 dozen	$2.75 PAB2.75	$3.83 CZK82.90	+39.4%
Boneless chicken breast (1 lb)	$3.07 PAB3.07	$3.77 CZK81.65	+23.0%
Apples (1 lb)	$1.87 PAB1.87	$0.87 CZK18.86	-53.4%
Bananas (1 lb)	$0.82 PAB0.82	$0.81 CZK17.43	-2.3%
Oranges (1 lb)	$1.92 PAB1.92	$0.97 CZK20.92	-49.6%
Tomatoes (1 lb)	$1.86 PAB1.86	$1.68 CZK36.47	-9.2%
Potatoes (1 lb)	$1.55 PAB1.55	$0.46 CZK9.99	-70.2%
Onions (1 lb)	$1.96 PAB1.96	$0.45 CZK9.78	-76.9%
Average			-34.9%

Panama City vs. Prague - Cost of groceries

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pay 31.0% more for transportation

	Panama City	Prague
Gasoline (1 gallon)	$4.62 PAB4.62	$7.27 CZK157.46	+57.5%
Monthly public transit pass	$21.00 PAB21.00	$21.49 CZK465.10	+2.3%
New Volkswagen Golf 1.4 (standard edition)	$21,262.00 PAB21,262.00	$31,083.07 CZK673K	+46.2%
Taxi trip in downtown area (5 miles)	$16.98 PAB16.98	$15.59 CZK337.44	-8.2%
Average			+31.0%

Panama City vs. Prague - Cost of transportation

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pay 6.8% more for housing

	Panama City	Prague
Internet connection 50 mbps or faster, cable/dsl	$48.70 PAB48.70	$21.83 CZK472.58	-55.2%
1-Bedroom apartment in downtown area	$1,262.50 PAB1,262.50	$1,115.98 CZK24,155.63	-11.6%
1-Bedroom apartment outside city center	$874.18 PAB874.18	$960.67 CZK20,794.02	+9.9%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$100.29 PAB100.29	$219.79 CZK4,757.45	+119.2%
Average			+6.8%

Panama City vs. Prague - Cost of housing

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pay 95.0% more for childcare

	Panama City	Prague
Private preschool for 1 child, monthly	$543.33 PAB543.33	$1,078.55 CZK23,345.56	+98.5%
Middle school for 1 child, two semesters	$9,641.50 PAB9,641.50	$18,476.09 CZK400K	+91.6%
Average			+95.0%

Panama City vs. Prague - Cost of childcare

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pay 22.1% more for entertainment and sports

	Panama City	Prague
Domestic/local beer (1 pint)	$3.30 PAB3.30	$3.16 CZK68.48	-4.1%
Cappuccino in mid-range area	$4.11 PAB4.11	$3.65 CZK79.07	-11.1%
Pack of cigarettes Marlboro or similar	$6.00 PAB6.00	$7.79 CZK168.72	+29.9%
Monthly membership at local gym	$46.40 PAB46.40	$67.45 CZK1,459.96	+45.4%
Movie ticket to theater/cinema	$8.50 PAB8.50	$13.30 CZK287.82	+56.4%
Average			+22.1%

Panama City vs. Prague - Cost of entertainment and sports

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pay 16.5% more for clothing

	Panama City	Prague
Regular jeans Levi's brand	$66.67 PAB66.67	$92.51 CZK2,002.40	+38.8%
Regular dress from H&M or similar store	$48.43 PAB48.43	$47.60 CZK1,030.42	-1.7%
Running shoes Nike or Adidas	$94.62 PAB94.62	$112.07 CZK2,425.83	+18.4%
Men's business shoes (leather)	$111.67 PAB111.67	$127.30 CZK2,755.50	+14.0%
Average			+16.5%

Panama City vs. Prague - 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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