Cost of living in Panama City
compared to
Cost of living in Panama City vs. United States overall average
Panama City is 15.0% cheaper than United States overall.
- Restaurants
-
pay 9.6% less in Panama City
- Groceries
-
pay 10.2% less in Panama City
- Transportation
-
pay 17.2% more in Panama City
- Housing
-
pay 2.8% less in Panama City
- Childcare
-
pay 59.0% less in Panama City
- Entertainment and Sports
-
pay 13.8% less in Panama City
- Clothing
-
pay 27.0% less in Panama City
Expenses including childcare, clothing, entertainment and sports, groceries, restaurants, and housing are lower in Panama City.
Panama City Cost of Living Breakdown
|
Cost
|
Range | |
|---|---|---|
| Basic meal with drink at inexpensive restaurant | $20.00 |
$12.00
-
$30.00
|
|
Fast food combo meal
McDonalds, or similar
|
$10.50 |
$9.00
-
$14.00
|
| Bottle of Coca-Cola (11 fl. oz) | $2.12 |
$1.50
-
$3.00
|
| Bottle of water (11 fl. oz) | $1.63 |
$1.50
-
$3.00
|
Panama City - Cost of restaurants
|
Cost
|
Range | |
|---|---|---|
|
Bread
1 loaf
|
$3.48 |
$2.20
-
$5.51
|
| Local cheese (8 oz) | $5.49 |
$3.85
-
$13.23
|
| Milk (1 gallon) | $4.38 |
$4.00
-
$7.00
|
|
Eggs
1 dozen
|
$3.49 |
$2.86
-
$4.00
|
| Boneless chicken breast (1 lb) | $5.33 |
$2.69
-
$10.00
|
| Apples (1 lb) | $1.99 |
$1.00
-
$6.00
|
| Bananas (1 lb) | $0.81 |
$0.53
-
$1.52
|
| Oranges (1 lb) | $1.20 |
$1.00
-
$6.00
|
| Tomatoes (1 lb) | $1.90 |
$1.00
-
$3.00
|
| Potatoes (1 lb) | $1.01 |
$0.50
-
$2.00
|
| Onions (1 lb) | $1.49 |
$0.20
-
$2.70
|
Panama City - Cost of groceries
|
Cost
|
Range | |
|---|---|---|
| Gasoline (1 gallon) | $2.89 |
$2.54
-
$3.49
|
| Monthly public transit pass | $135.00 |
??
-
??
|
| New Volkswagen Golf 1.4 (standard edition) | $23,000.00 |
$22,770.80
-
$35,026.16
|
| Taxi trip in downtown area (5 miles) | $19.05 |
$17.68
-
$22.43
|
Panama City - Cost of transportation
|
Cost
|
Range | |
|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$66.08 |
$50.00
-
$150.00
|
| 1-Bedroom apartment in downtown area | $1,700.00 |
??
-
??
|
| 1-Bedroom apartment outside city center | $1,500.00 |
??
-
??
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$127.80 |
$114.71
-
$191.18
|
Panama City - Cost of housing
|
Cost
|
Range | |
|---|---|---|
| Private preschool for 1 child, monthly | $400.00 |
$400.00
-
$400.00
|
| Middle school for 1 child, two semesters | $12,338.67 |
$12,338.67
-
$12,338.67
|
Panama City - Cost of childcare
|
Cost
|
Range | |
|---|---|---|
| Domestic/local beer (1 pint) | $5.00 |
$2.70
-
$8.00
|
| Cappuccino in mid-range area | $5.10 |
$3.00
-
$7.50
|
|
Pack of cigarettes
Marlboro or similar
|
$8.00 |
$5.50
-
$12.00
|
| Monthly membership at local gym | $40.00 |
??
-
??
|
| Movie ticket to theater/cinema | $12.00 |
$9.00
-
$20.07
|
Panama City - Cost of entertainment and sports
|
Cost
|
Range | |
|---|---|---|
|
Regular jeans
Levi's brand
|
$32.67 |
$15.00
-
$50.00
|
|
Regular dress
from H&M or similar store
|
$35.00 |
$30.00
-
$40.00
|
|
Running shoes
Nike or Adidas
|
$60.00 |
$60.00
-
$150.00
|
| Men's business shoes (leather) | $85.00 |
$75.00
-
$125.00
|
Panama City - Cost of clothing
Tip: Try viewing our aggregate cost of living in Florida
to see the average cost of cities throughout Florida, like
Ocala,
Odessa,
Fort Lauderdale,
Flagler Beach,
Fort Walton Beach,
and more.
For a detailed breakdown of Santa Cruz vs. the national average, see the cost of living in United States compared to Panama City.
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