Panama City vs New York Cost of Living
Panama City (Panama) · Overall index 40.0 — New York (United States) · Overall index 100.0
Summary
- Overall, New York is 150% more expensive than Panama City.
- Rent in New York is 255% more expensive than in Panama City.
- Dining out in New York is 147% more expensive than in Panama City.
| Item | Panama City | New York | Diff |
|---|---|---|---|
| Rent | +255% | ||
| 1-bedroom apartment, city centre (monthly) | $1,121 | $4,328 | +286% |
| 1-bedroom apartment, outside centre (monthly) | $792 | $2,796 | +253% |
| 3-bedroom apartment, city centre (monthly) | $2,348 | $7,980 | +240% |
| 3-bedroom apartment, outside centre (monthly) | $1,423 | $4,915 | +245% |
| Groceries | +123% | ||
| Milk (1L) | $0.67 | $1.48 | +121% |
| White bread (500g) | $1.92 | $4.03 | +110% |
| Rice (1kg) | $2.74 | $5.54 | +102% |
| Eggs (12) | $2.24 | $5.18 | +131% |
| Local cheese (1kg) | $6.58 | $16.5 | +151% |
| Chicken fillets (1kg) | $6.43 | $13.6 | +112% |
| Beef round (1kg) | $9.41 | $22.8 | +142% |
| Apples (1kg) | $2.78 | $6.73 | +142% |
| Bananas (1kg) | $1.05 | $2.56 | +144% |
| Oranges (1kg) | $2.23 | $5.31 | +138% |
| Tomatoes (1kg) | $2.63 | $6.04 | +130% |
| Potatoes (1kg) | $1.41 | $3.01 | +113% |
| Onions (1kg) | $1.57 | $3.09 | +97% |
| Lettuce (1 head) | $1.29 | $2.85 | +121% |
| Water (1.5L bottle) | $1.33 | $2.81 | +111% |
| Bottle of wine (mid-range) | $7.7 | $17 | +121% |
| Transport | +143% | ||
| Public transport, one-way ticket | $1.18 | $2.75 | +133% |
| Public transport, monthly pass | $49.4 | $145 | +194% |
| Taxi, base fare | $1.87 | $4.13 | +121% |
| Taxi, per km | $0.77 | $2.06 | +168% |
| Gasoline (1L) | $0.44 | $0.93 | +111% |
| New compact car (e.g., VW Golf) | $11,760 | $29,178 | +148% |
| Dining out | +147% | ||
| Meal, inexpensive restaurant | $10.8 | $25.5 | +136% |
| Meal for 2, mid-range restaurant (3 courses) | $49 | $140 | +186% |
| Fast food combo meal | $5.25 | $12.7 | +142% |
| Cappuccino | $2.6 | $5.58 | +115% |
| Coke/Pepsi (0.33L, restaurant) | $1.1 | $3.23 | +194% |
| Domestic beer (0.5L, restaurant) | $3.28 | $8.19 | +150% |
| Imported beer (0.33L, restaurant) | $3.8 | $8.34 | +119% |
| Water (0.33L, restaurant) | $0.97 | $2.48 | +156% |
| Telecom | +80% | ||
| Mobile plan, calls + 10GB+ data (monthly) | $39.3 | $64.2 | +63% |
| Broadband internet 60Mbps+ (monthly) | $37 | $66.9 | +81% |
| Prepaid mobile tariff (1 min) | $0.17 | $0.38 | +124% |
| Video streaming subscription (monthly) | $9.09 | $14.9 | +64% |
| Utilities & household | +116% | ||
| Basic utilities, 85m² apartment (monthly) | $84.6 | $173 | +104% |
| Electricity (1 kWh) | $0.1 | $0.25 | +150% |
| Tap water (1m³) | $2.61 | $4.81 | +84% |
| Natural gas (1m³) | $0.71 | $1.75 | +146% |
| Waste collection (monthly) | $11 | $23.6 | +115% |
| Fitness club (monthly) | $43.3 | $94.7 | +119% |
| Cinema ticket (1 seat) | $8.58 | $16.6 | +93% |
| Men's haircut | $15.7 | $36.8 | +134% |
| Domestic cleaning (1 hour) | $13 | $25.1 | +93% |
| Private kindergarten (monthly) | $984 | $2,473 | +151% |
3,234 total data points · Price data as of 2026-07-01 · Exchange rates as of 2026-07-15
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Estimates for reference only — not official statistics.
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