Cost of living comparison

compared to

Tokyo vs. Panama City Cost of Living Summary

Tokyo is 9.1% more expensive than Panama City.

Restaurants: pay 31.4% less in Tokyo
Groceries: pay 25.3% more in Tokyo
Transportation: pay 71.0% more in Tokyo
Housing: pay 11.3% less in Tokyo
Childcare: pay 2.7% more in Tokyo
Entertainment and Sports: pay 22.1% more in Tokyo
Clothing: pay 15.0% less in Tokyo

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

Tokyo vs. Panama City Cost Breakdown

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

Display currency: USD

pay 31.4% less for restaurants

	Panama City	Tokyo
Basic meal with drink at inexpensive restaurant	$10.00 PAB10.00	$8.02 ¥1,246	-19.8%
Fast food combo meal McDonalds, or similar	$8.00 PAB8.00	$5.01 ¥779	-37.4%
Bottle of Coca-Cola (11 fl. oz)	$1.70 PAB1.70	$1.16 ¥180	-31.6%
Bottle of water (11 fl. oz)	$1.33 PAB1.33	$0.84 ¥131	-36.9%
Average			-31.4%

Panama City vs. Tokyo - Cost of restaurants

Improve prices · Change currency (USD)

pay 25.3% more for groceries

	Panama City	Tokyo
Bread 1 loaf	$2.56 PAB2.56	$1.55 ¥241	-39.3%
Local cheese (8 oz)	$5.81 PAB5.81	$7.21 ¥1,120	+24.1%
Milk (1 gallon)	$6.82 PAB6.82	$5.71 ¥888	-16.2%
Eggs 1 dozen	$2.84 PAB2.84	$2.33 ¥362	-18.1%
Boneless chicken breast (1 lb)	$3.29 PAB3.29	$3.52 ¥547	+6.9%
Apples (1 lb)	$1.65 PAB1.65	$2.38 ¥369	+44.4%
Bananas (1 lb)	$0.70 PAB0.70	$1.18 ¥183	+67.4%
Oranges (1 lb)	$1.40 PAB1.40	$2.48 ¥385	+77.1%
Tomatoes (1 lb)	$1.46 PAB1.46	$2.64 ¥410	+80.7%
Potatoes (1 lb)	$1.00 PAB1.00	$1.43 ¥222	+43.3%
Onions (1 lb)	$1.37 PAB1.37	$1.48 ¥230	+8.5%
Average			+25.3%

Panama City vs. Tokyo - Cost of groceries

Improve prices · Change currency (USD)

pay 71.0% more for transportation

	Panama City	Tokyo
Gasoline (1 gallon)	$3.44 PAB3.44	$4.50 ¥699	+30.7%
Monthly public transit pass	$22.50 PAB22.50	$73.51 ¥11,420	+226.7%
New Volkswagen Golf 1.4 (standard edition)	$19,750.00 PAB19,750.00	$22,332.63 ¥3,469,597	+13.1%
Taxi trip in downtown area (5 miles)	$26.50 PAB26.50	$30.07 ¥4,672	+13.5%
Average			+71.0%

Panama City vs. Tokyo - Cost of transportation

Improve prices · Change currency (USD)

pay 11.3% less for housing

	Panama City	Tokyo
Internet connection 50 mbps or faster, cable/dsl	$49.20 PAB49.20	$33.44 ¥5,196	-32.0%
1-Bedroom apartment in downtown area	$1,164.71 PAB1,164.71	$1,071.65 ¥166,492	-8.0%
1-Bedroom apartment outside city center	$953.85 PAB953.85	$642.24 ¥99,778	-32.7%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$95.90 PAB95.90	$122.16 ¥18,979	+27.4%
Average			-11.3%

Panama City vs. Tokyo - Cost of housing

Improve prices · Change currency (USD)

pay 2.7% more for childcare

	Panama City	Tokyo
Private preschool for 1 child, monthly	$476.00 PAB476.00	$519.69 ¥80,738	+9.2%
Middle school for 1 child, two semesters	$15,733.33 PAB15,733.33	$15,131.74 ¥2,350,867	-3.8%
Average			+2.7%

Panama City vs. Tokyo - Cost of childcare

Improve prices · Change currency (USD)

pay 22.1% more for entertainment and sports

	Panama City	Tokyo
Domestic/local beer (1 pint)	$3.00 PAB3.00	$4.01 ¥623	+33.6%
Cappuccino in mid-range area	$3.61 PAB3.61	$3.43 ¥533	-5.0%
Pack of cigarettes Marlboro or similar	$5.92 PAB5.92	$4.01 ¥623	-32.3%
Monthly membership at local gym	$43.86 PAB43.86	$68.19 ¥10,594	+55.5%
Movie ticket to theater/cinema	$8.00 PAB8.00	$12.70 ¥1,973	+58.7%
Average			+22.1%

Panama City vs. Tokyo - Cost of entertainment and sports

Improve prices · Change currency (USD)

pay 15.0% less for clothing

	Panama City	Tokyo
Regular jeans Levi's brand	$50.00 PAB50.00	$56.84 ¥8,830	+13.7%
Regular dress from H&M or similar store	$47.50 PAB47.50	$40.48 ¥6,290	-14.8%
Running shoes Nike or Adidas	$89.55 PAB89.55	$62.67 ¥9,737	-30.0%
Men's business shoes (leather)	$126.88 PAB126.88	$90.37 ¥14,040	-28.8%
Average			-15.0%

Panama City vs. Tokyo - Cost of clothing

Improve prices · Change currency (USD)

The statistics used to build this comparison are calculated using data from users just like you. We average the price of thousands of data points entered by users across the world. Learn more about our data sources. Page last updated: December 2025

More cost comparisons

Panama City vs.

Phnom Penh

Panama City vs.

Paris

Panama City vs.

Bangkok

Panama City vs.

Hanoi

Panama City vs.

Beijing

Panama City vs.

Delhi

Panama City vs.

Algiers

Panama City vs.

Rome

Share this

Compare countries by overall cost of living

See the cost of living in Panama vs. Japan. This provides a comparison of the average cost of living from cities within Panama and Japan.

Help us improve these prices

MyLifeElsewhere is a collaborative project. Please enter price information for your location to help assist us in making these comparisons more accurate. Learn more

Add prices for Panama City

Add prices for Tokyo

ASK THE ELSEWHERE COMMUNITY

Join the Elsewhere community and ask a question about Tokyo or Panama City. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.