Cost of living comparison

Accra, Ghana

compared to

Panama City, Panama

Panama City vs. Accra Cost of Living Summary

Panama City is 2.5 times more expensive than Accra.

Restaurants: pay 2.8 times more in Panama City
Groceries: pay 26.3% more in Panama City
Transportation: pay 39.4% more in Panama City
Housing: pay 3.0 times more in Panama City
Childcare: pay 4.5 times more in Panama City
Entertainment and Sports: pay 87.1% more in Panama City
Clothing: pay 2.8 times more in Panama City

The cost of childcare, housing, clothing, restaurants, entertainment and sports, and transportation in Panama City are more expensive than in Accra. Notably, childcare, housing, and clothing are significantly more expensive in Panama City.

Panama City vs. Accra Cost Breakdown

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

Display currency: USD

pay 2.8 times more for restaurants

	Accra	Panama City
Basic meal with drink at inexpensive restaurant	$4.82 GHS74.48	$13.25 PAB13.25	+175.2%
Fast food combo meal McDonalds, or similar	$7.37 GHS114.07	$8.00 PAB8.00	+8.5%
Bottle of Coca-Cola (11 fl. oz)	$0.74 GHS11.47	$1.86 PAB1.86	+150.5%
Bottle of water (11 fl. oz)	$0.29 GHS4.50	$1.41 PAB1.41	+384.8%
Average			+179.8%

Accra vs. Panama City - Cost of restaurants

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pay 26.3% more for groceries

	Accra	Panama City
Bread 1 loaf	$1.52 GHS23.53	$2.51 PAB2.51	+64.7%
Local cheese (8 oz)	$3.46 GHS53.49	$6.39 PAB6.39	+84.7%
Milk (1 gallon)	$11.31 GHS174.88	$6.80 PAB6.80	-39.9%
Eggs 1 dozen	$2.28 GHS35.34	$2.68 PAB2.68	+17.1%
Boneless chicken breast (1 lb)	$2.18 GHS33.67	$3.41 PAB3.41	+56.5%
Apples (1 lb)	$1.27 GHS19.71	$1.48 PAB1.48	+16.3%
Bananas (1 lb)	$0.59 GHS9.18	$0.72 PAB0.72	+21.8%
Oranges (1 lb)	$0.81 GHS12.60	$1.24 PAB1.24	+52.2%
Tomatoes (1 lb)	$1.21 GHS18.64	$1.40 PAB1.40	+15.9%
Potatoes (1 lb)	$1.21 GHS18.72	$0.98 PAB0.98	-18.7%
Onions (1 lb)	$0.96 GHS14.89	$1.15 PAB1.15	+19.0%
Average			+26.3%

Accra vs. Panama City - Cost of groceries

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pay 39.4% more for transportation

	Accra	Panama City
Gasoline (1 gallon)	$4.34 GHS67.14	$3.69 PAB3.69	-15.0%
Monthly public transit pass	$32.96 GHS509.88	$25.00 PAB25.00	-24.2%
New Volkswagen Golf 1.4 (standard edition)	$8,000.00 GHS123,741.03	$19,750.00 PAB19,750.00	+146.9%
Taxi trip in downtown area (5 miles)	$11.16 GHS172.66	$16.71 PAB16.71	+49.7%
Average			+39.4%

Accra vs. Panama City - Cost of transportation

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pay 3.0 times more for housing

	Accra	Panama City
Internet connection 50 mbps or faster, cable/dsl	$44.40 GHS686.72	$52.10 PAB52.10	+17.3%
1-Bedroom apartment in downtown area	$627.15 GHS9,700.48	$1,023.81 PAB1,023.81	+63.2%
1-Bedroom apartment outside city center	$112.15 GHS1,734.74	$755.88 PAB755.88	+574.0%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$39.69 GHS613.84	$94.84 PAB94.84	+139.0%
Average			+198.4%

Accra vs. Panama City - Cost of housing

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pay 4.5 times more for childcare

	Accra	Panama City
Private preschool for 1 child, monthly	$57.02 GHS881.89	$439.17 PAB439.17	+670.3%
Middle school for 1 child, two semesters	$7,655.73 GHS118,416.04	$10,092.67 PAB10,092.67	+31.8%
Average			+351.0%

Accra vs. Panama City - Cost of childcare

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pay 87.1% more for entertainment and sports

	Accra	Panama City
Domestic/local beer (1 pint)	$1.21 GHS18.64	$3.00 PAB3.00	+148.9%
Cappuccino in mid-range area	$2.75 GHS42.57	$3.59 PAB3.59	+30.4%
Pack of cigarettes Marlboro or similar	$1.57 GHS24.26	$5.50 PAB5.50	+250.7%
Monthly membership at local gym	$36.21 GHS560.04	$47.27 PAB47.27	+30.6%
Movie ticket to theater/cinema	$9.33 GHS144.33	$7.00 PAB7.00	-25.0%
Average			+87.1%

Accra vs. Panama City - Cost of entertainment and sports

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pay 2.8 times more for clothing

	Accra	Panama City
Regular jeans Levi's brand	$14.87 GHS230.08	$53.91 PAB53.91	+262.4%
Regular dress from H&M or similar store	$20.10 GHS310.93	$37.78 PAB37.78	+87.9%
Running shoes Nike or Adidas	$32.71 GHS505.91	$87.62 PAB87.62	+167.9%
Men's business shoes (leather)	$34.57 GHS534.65	$108.75 PAB108.75	+214.6%
Average			+183.2%

Accra vs. Panama City - Cost of clothing

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The statistics used to build this comparison are calculated using data from users just like you. We average the price of thousands of data points entered by users across the world. Learn more about our data sources. Page last updated: April 2025

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See the cost of living in Ghana vs. Panama. This provides a comparison of the average cost of living from cities within Ghana and Panama.

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