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
Pensacola,
Boynton Beach,
Melbourne,
Auburndale,
Venice,
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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