Cost of living comparison

Grenada

compared to

Panama

Panama City vs. St. George's Cost of Living Summary

Panama City is 10.9% more expensive than St. George's.

Restaurants: pay 18.1% more in Panama City
Groceries: pay 17.6% less in Panama City
Transportation: pay 34.8% less in Panama City
Housing: pay 24.5% more in Panama City
Childcare: pay 5.3 times more in Panama City
Entertainment and Sports: pay 1.3% more in Panama City
Clothing: pay 49.1% more in Panama City

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

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Panama City vs. St. George's Cost Breakdown

If you lived in Panama City instead of St. George's, you would:

Display currency: USD

pay 18.1% more for restaurants

	St. George's	Panama City
Basic meal with drink at inexpensive restaurant	$7.40 EC$20.00	$11.50 PAB11.50	+55.4%
Fast food combo meal McDonalds, or similar	$8.33 EC$22.50	$8.00 PAB8.00	-3.9%
Bottle of Coca-Cola (11 fl. oz)	$1.94 EC$5.25	$1.97 PAB1.97	+1.5%
Bottle of water (11 fl. oz)	$1.94 EC$5.25	$1.60 PAB1.60	-17.6%
Average			+18.1%

St. George's vs. Panama City - Cost of restaurants

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pay 17.6% less for groceries

	St. George's	Panama City
Bread 1 loaf	$2.38 EC$6.44	$2.52 PAB2.52	+5.6%
Local cheese (8 oz)	$6.93 EC$18.74	$6.18 PAB6.18	-10.8%
Milk (1 gallon)	$15.41 EC$41.64	$7.09 PAB7.09	-54.0%
Eggs 1 dozen	$4.26 EC$11.50	$2.75 PAB2.75	-35.4%
Boneless chicken breast (1 lb)	$4.26 EC$11.50	$3.07 PAB3.07	-27.9%
Apples (1 lb)	$6.11 EC$16.50	$1.87 PAB1.87	-69.4%
Bananas (1 lb)	$1.11 EC$3.00	$0.82 PAB0.82	-25.8%
Oranges (1 lb)	$0.74 EC$2.00	$1.92 PAB1.92	+159.3%
Tomatoes (1 lb)	$2.59 EC$7.00	$1.86 PAB1.86	-28.3%
Potatoes (1 lb)	$1.30 EC$3.50	$1.55 PAB1.55	+19.4%
Onions (1 lb)	$1.67 EC$4.50	$1.96 PAB1.96	+17.6%
Average			-17.6%

St. George's vs. Panama City - Cost of groceries

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pay 34.8% less for transportation

	St. George's	Panama City
Gasoline (1 gallon)	$5.28 EC$14.26	$4.62 PAB4.62	-12.4%
Monthly public transit pass	$64.35 EC$173.91	$21.00 PAB21.00	-67.4%
New Volkswagen Golf 1.4 (standard edition)	$25,901.46 EC$70,000.00	$21,262.00 PAB21,262.00	-17.9%
Taxi trip in downtown area (5 miles)	??	$16.98 PAB16.98
Average			-34.8%

St. George's vs. Panama City - Cost of transportation

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pay 24.5% more for housing

	St. George's	Panama City
Internet connection 50 mbps or faster, cable/dsl	$50.94 EC$137.67	$48.70 PAB48.70	-4.4%
1-Bedroom apartment in downtown area	$1,134.73 EC$3,066.67	$1,262.50 PAB1,262.50	+11.3%
1-Bedroom apartment outside city center	$437.86 EC$1,183.33	$874.18 PAB874.18	+99.6%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$192.10 EC$519.15	$100.29 PAB100.29	-47.8%
Average			+24.5%

St. George's vs. Panama City - Cost of housing

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pay 5.3 times more for childcare

	St. George's	Panama City
Private preschool for 1 child, monthly	$55.50 EC$150.00	$543.33 PAB543.33	+878.9%
Middle school for 1 child, two semesters	$3,330.19 EC$9,000.00	$9,641.50 PAB9,641.50	+189.5%
Average			+432.4%

St. George's vs. Panama City - Cost of childcare

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pay 1.3% more for entertainment and sports

	St. George's	Panama City
Domestic/local beer (1 pint)	$2.78 EC$7.50	$3.30 PAB3.30	+18.9%
Cappuccino in mid-range area	$4.38 EC$11.83	$4.11 PAB4.11	-6.1%
Pack of cigarettes Marlboro or similar	??	$6.00 PAB6.00
Monthly membership at local gym	$37.00 EC$100.00	$46.40 PAB46.40	+25.4%
Movie ticket to theater/cinema	$11.10 EC$30.00	$8.50 PAB8.50	-23.4%
Average			+1.3%

St. George's vs. Panama City - Cost of entertainment and sports

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pay 49.1% more for clothing

	St. George's	Panama City
Regular jeans Levi's brand	$35.15 EC$95.00	$66.67 PAB66.67	+89.7%
Regular dress from H&M or similar store	$44.40 EC$120.00	$48.43 PAB48.43	+9.1%
Running shoes Nike or Adidas	$50.57 EC$136.67	$94.62 PAB94.62	+87.1%
Men's business shoes (leather)	$87.57 EC$236.67	$111.67 PAB111.67	+27.5%
Average			+49.1%

St. George's 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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