Cost of living comparison

Baku, Azerbaijan

compared to

Panama City, Panama

Panama City vs. Baku Cost of Living Summary

Panama City is 87.0% more expensive than Baku.

Restaurants: pay 2.3 times more in Panama City
Groceries: pay 2.6 times more in Panama City
Transportation: pay 61.4% more in Panama City
Housing: pay 2.6 times more in Panama City
Childcare: pay 75.8% more in Panama City
Entertainment and Sports: pay 34.8% more in Panama City
Clothing: pay 13.1% less in Panama City

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

Panama City vs. Baku Cost Breakdown

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

Display currency: USD

pay 2.3 times more for restaurants

	Baku	Panama City
Basic meal with drink at inexpensive restaurant	$9.41 AZN16.00	$13.25 PAB13.25	+40.8%
Fast food combo meal McDonalds, or similar	$7.65 AZN13.00	$8.00 PAB8.00	+4.6%
Bottle of Coca-Cola (11 fl. oz)	$0.69 AZN1.18	$1.86 PAB1.86	+168.2%
Bottle of water (11 fl. oz)	$0.36 AZN0.61	$1.41 PAB1.41	+293.6%
Average			+126.8%

Baku vs. Panama City - Cost of restaurants

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pay 2.6 times more for groceries

	Baku	Panama City
Bread 1 loaf	$0.46 AZN0.78	$2.51 PAB2.51	+448.7%
Local cheese (8 oz)	$2.77 AZN4.71	$6.39 PAB6.39	+130.5%
Milk (1 gallon)	$5.13 AZN8.72	$6.80 PAB6.80	+32.6%
Eggs 1 dozen	$1.41 AZN2.40	$2.68 PAB2.68	+89.4%
Boneless chicken breast (1 lb)	$2.10 AZN3.58	$3.41 PAB3.41	+61.9%
Apples (1 lb)	$0.49 AZN0.84	$1.48 PAB1.48	+200.8%
Bananas (1 lb)	$0.77 AZN1.32	$0.72 PAB0.72	-6.5%
Oranges (1 lb)	$0.68 AZN1.16	$1.24 PAB1.24	+82.3%
Tomatoes (1 lb)	$0.83 AZN1.40	$1.40 PAB1.40	+69.2%
Potatoes (1 lb)	$0.29 AZN0.49	$0.98 PAB0.98	+241.5%
Onions (1 lb)	$0.23 AZN0.40	$1.15 PAB1.15	+392.5%
Average			+158.4%

Baku vs. Panama City - Cost of groceries

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pay 61.4% more for transportation

	Baku	Panama City
Gasoline (1 gallon)	$2.46 AZN4.19	$3.69 PAB3.69	+49.8%
Monthly public transit pass	$17.65 AZN30.00	$25.00 PAB25.00	+41.7%
New Volkswagen Golf 1.4 (standard edition)	$20,588.24 AZN35,000.00	$19,750.00 PAB19,750.00	-4.1%
Taxi trip in downtown area (5 miles)	$6.47 AZN11.00	$16.71 PAB16.71	+158.2%
Average			+61.4%

Baku vs. Panama City - Cost of transportation

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pay 2.6 times more for housing

	Baku	Panama City
Internet connection 50 mbps or faster, cable/dsl	$14.84 AZN25.23	$52.10 PAB52.10	+251.0%
1-Bedroom apartment in downtown area	$470.77 AZN800.30	$1,023.81 PAB1,023.81	+117.5%
1-Bedroom apartment outside city center	$261.03 AZN443.75	$755.88 PAB755.88	+189.6%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$47.11 AZN80.09	$94.84 PAB94.84	+101.3%
Average			+164.8%

Baku vs. Panama City - Cost of housing

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pay 75.8% more for childcare

	Baku	Panama City
Private preschool for 1 child, monthly	$232.47 AZN395.20	$439.17 PAB439.17	+88.9%
Middle school for 1 child, two semesters	$6,199.10 AZN10,538.46	$10,092.67 PAB10,092.67	+62.8%
Average			+75.8%

Baku vs. Panama City - Cost of childcare

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pay 34.8% more for entertainment and sports

	Baku	Panama City
Domestic/local beer (1 pint)	$1.47 AZN2.50	$3.00 PAB3.00	+104.0%
Cappuccino in mid-range area	$3.60 AZN6.12	$3.59 PAB3.59	-0.2%
Pack of cigarettes Marlboro or similar	$3.53 AZN6.00	$5.50 PAB5.50	+55.8%
Monthly membership at local gym	$49.42 AZN84.02	$47.27 PAB47.27	-4.4%
Movie ticket to theater/cinema	$5.88 AZN10.00	$7.00 PAB7.00	+19.0%
Average			+34.8%

Baku vs. Panama City - Cost of entertainment and sports

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pay 13.1% less for clothing

	Baku	Panama City
Regular jeans Levi's brand	$56.06 AZN95.30	$53.91 PAB53.91	-3.8%
Regular dress from H&M or similar store	$57.34 AZN97.48	$37.78 PAB37.78	-34.1%
Running shoes Nike or Adidas	$122.29 AZN207.88	$87.62 PAB87.62	-28.4%
Men's business shoes (leather)	$95.40 AZN162.18	$108.75 PAB108.75	+14.0%
Average			-13.1%

Baku 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: July 2025

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