Cost of living comparison

Montenegro

compared to

Panama

Panama City vs. Podgorica Cost of Living Summary

Panama City is 32.5% more expensive than Podgorica.

Restaurants: pay 9.7% less in Panama City
Groceries: pay 78.4% more in Panama City
Transportation: pay 24.7% less in Panama City
Housing: pay 69.6% more in Panama City
Childcare: pay 44.9% more in Panama City
Entertainment and Sports: pay 26.3% more in Panama City
Clothing: pay 4.9% less in Panama City

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

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Panama City vs. Podgorica Cost Breakdown

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

Display currency: USD

pay 9.7% less for restaurants

	Podgorica	Panama City
Basic meal with drink at inexpensive restaurant	$11.20 €9.97	$11.50 PAB11.50	+2.7%
Fast food combo meal McDonalds, or similar	$10.64 €9.47	$8.00 PAB8.00	-24.8%
Bottle of Coca-Cola (11 fl. oz)	$2.55 €2.27	$1.97 PAB1.97	-22.8%
Bottle of water (11 fl. oz)	$1.43 €1.27	$1.60 PAB1.60	+11.9%
Average			-9.7%

Podgorica vs. Panama City - Cost of restaurants

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pay 78.4% more for groceries

	Podgorica	Panama City
Bread 1 loaf	$0.98 €0.87	$2.52 PAB2.52	+157.9%
Local cheese (8 oz)	$4.33 €3.85	$6.18 PAB6.18	+42.9%
Milk (1 gallon)	$4.90 €4.36	$7.09 PAB7.09	+44.7%
Eggs 1 dozen	$3.50 €3.12	$2.75 PAB2.75	-21.6%
Boneless chicken breast (1 lb)	$3.77 €3.35	$3.07 PAB3.07	-18.5%
Apples (1 lb)	$0.72 €0.64	$1.87 PAB1.87	+158.3%
Bananas (1 lb)	$0.76 €0.68	$0.82 PAB0.82	+8.2%
Oranges (1 lb)	$0.80 €0.71	$1.92 PAB1.92	+140.9%
Tomatoes (1 lb)	$1.07 €0.95	$1.86 PAB1.86	+73.3%
Potatoes (1 lb)	$0.44 €0.39	$1.55 PAB1.55	+253.5%
Onions (1 lb)	$0.47 €0.42	$1.96 PAB1.96	+313.4%
Average			+78.4%

Podgorica vs. Panama City - Cost of groceries

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pay 24.7% less for transportation

	Podgorica	Panama City
Gasoline (1 gallon)	$7.02 €6.25	$4.62 PAB4.62	-34.2%
Monthly public transit pass	$33.59 €29.90	$21.00 PAB21.00	-37.5%
New Volkswagen Golf 1.4 (standard edition)	$30,517.27 €27,161.47	$21,262.00 PAB21,262.00	-30.3%
Taxi trip in downtown area (5 miles)	$7.03 €6.25	$16.98 PAB16.98	+141.7%
Average			-24.7%

Podgorica vs. Panama City - Cost of transportation

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pay 69.6% more for housing

	Podgorica	Panama City
Internet connection 50 mbps or faster, cable/dsl	$31.80 €28.30	$48.70 PAB48.70	+53.2%
1-Bedroom apartment in downtown area	$639.89 €569.53	$1,262.50 PAB1,262.50	+97.3%
1-Bedroom apartment outside city center	$489.46 €435.64	$874.18 PAB874.18	+78.6%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$98.01 €87.24	$100.29 PAB100.29	+2.3%
Average			+69.6%

Podgorica vs. Panama City - Cost of housing

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pay 44.9% more for childcare

	Podgorica	Panama City
Private preschool for 1 child, monthly	$340.96 €303.47	$543.33 PAB543.33	+59.4%
Middle school for 1 child, two semesters	$7,315.61 €6,511.15	$9,641.50 PAB9,641.50	+31.8%
Average			+44.9%

Podgorica vs. Panama City - Cost of childcare

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pay 26.3% more for entertainment and sports

	Podgorica	Panama City
Domestic/local beer (1 pint)	$3.08 €2.74	$3.30 PAB3.30	+7.2%
Cappuccino in mid-range area	$2.17 €1.94	$4.11 PAB4.11	+89.0%
Pack of cigarettes Marlboro or similar	$4.37 €3.89	$6.00 PAB6.00	+37.4%
Monthly membership at local gym	$48.15 €42.85	$46.40 PAB46.40	-3.6%
Movie ticket to theater/cinema	$6.44 €5.73	$8.50 PAB8.50	+32.0%
Average			+26.3%

Podgorica vs. Panama City - Cost of entertainment and sports

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pay 4.9% less for clothing

	Podgorica	Panama City
Regular jeans Levi's brand	$87.34 €77.74	$66.67 PAB66.67	-23.7%
Regular dress from H&M or similar store	$46.28 €41.19	$48.43 PAB48.43	+4.6%
Running shoes Nike or Adidas	$97.42 €86.70	$94.62 PAB94.62	-2.9%
Men's business shoes (leather)	$105.75 €94.12	$111.67 PAB111.67	+5.6%
Average			-4.9%

Podgorica vs. Panama City - 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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