Cost of living comparison

compared to

Victoria vs. Panama City Cost of Living Summary

Victoria is 0.5% more expensive than Panama City.

Restaurants
pay 53.5% more in Victoria
Groceries
pay 8.0% less in Victoria
Transportation
pay 37.0% more in Victoria
Housing
pay 8.1% less in Victoria
Childcare
pay 51.1% less in Victoria
Entertainment and Sports
pay 30.0% more in Victoria
Clothing
pay 29.6% less in Victoria

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

Victoria vs. Panama City Cost Breakdown

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

pay 53.5% more for restaurants

 
Panama City
Victoria
Basic meal with drink at inexpensive restaurant $11.50
PAB11.50
$18.02
SCR252.68
Fast food combo meal
McDonalds, or similar
$8.00
PAB8.00
$12.63
SCR177.21
Bottle of Coca-Cola (11 fl. oz) $1.97
PAB1.97
$2.32
SCR32.48

Improve prices ·

pay 8.0% less for groceries

 
Panama City
Victoria
Bread
1 loaf
$2.52
PAB2.52
$1.74
SCR24.47
Local cheese (8 oz) $6.18
PAB6.18
$15.56
SCR218.25
Milk (1 gallon) $7.09
PAB7.09
$7.27
SCR102.03

Improve prices ·

pay 37.0% more for transportation

 
Panama City
Victoria
Gasoline (1 gallon) $4.62
PAB4.62
$6.12
SCR85.81
Monthly public transit pass $21.00
PAB21.00
$33.37
SCR468.01
New Volkswagen Golf 1.4 (standard edition) $21,262.00
PAB21,262.00
$26,759.63
SCR375K

Improve prices ·

pay 8.1% less for housing

 
Panama City
Victoria
Internet connection
50 mbps or faster, cable/dsl
$48.70
PAB48.70
$138.63
SCR1,944.40
1-Bedroom apartment in downtown area $1,262.50
PAB1,262.50
$954.78
SCR13,391.30
1-Bedroom apartment outside city center $874.18
PAB874.18
$804.72
SCR11,286.52

Improve prices ·

pay 51.1% less for childcare

 
Panama City
Victoria
Private preschool for 1 child, monthly $543.33
PAB543.33
$144.13
SCR2,021.47
Middle school for 1 child, two semesters $9,641.50
PAB9,641.50
$8,698.34
SCR122K

Improve prices ·

pay 30.0% more for entertainment and sports

 
Panama City
Victoria
Domestic/local beer (1 pint) $3.30
PAB3.30
$4.01
SCR56.30
Cappuccino in mid-range area $4.11
PAB4.11
$4.00
SCR56.12
Pack of cigarettes
Marlboro or similar
$6.00
PAB6.00
$24.19
SCR339.29

Improve prices ·

pay 29.6% less for clothing

 
Panama City
Victoria
Regular jeans
Levi's brand
$66.67
PAB66.67
$37.23
SCR522.21
Regular dress
from H&M or similar store
$48.43
PAB48.43
$24.74
SCR347.02
Running shoes
Nike or Adidas
$94.62
PAB94.62
$90.08
SCR1,263.42

Improve prices ·

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

Share this

Compare countries by overall cost of living

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

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

Ask the Elsewhere Community

Join the Elsewhere community and ask a question about Victoria 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.