Cost of living comparison

Copenhagen, Denmark

compared to

Panama City, Panama

Panama City vs. Copenhagen Cost of Living Summary

Panama City is 33.7% cheaper than Copenhagen.

Restaurants: pay 46.6% less in Panama City
Groceries: pay 17.9% less in Panama City
Transportation: pay 55.0% less in Panama City
Housing: pay 19.0% less in Panama City
Childcare: pay 22.1% less in Panama City
Entertainment and Sports: pay 40.0% less in Panama City
Clothing: pay 35.4% less in Panama City

Expenses including transportation, restaurants, entertainment and sports, clothing, childcare, and housing are lower in Panama City.

Panama City vs. Copenhagen Cost Breakdown

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

Display currency: USD

pay 46.6% less for restaurants

	Copenhagen	Panama City
Basic meal with drink at inexpensive restaurant	$21.56 DKK139.23	$13.25 PAB13.25	-38.5%
Fast food combo meal McDonalds, or similar	$14.37 DKK92.82	$8.00 PAB8.00	-44.3%
Bottle of Coca-Cola (11 fl. oz)	$3.78 DKK24.41	$1.86 PAB1.86	-50.9%
Bottle of water (11 fl. oz)	$2.98 DKK19.23	$1.41 PAB1.41	-52.6%
Average			-46.6%

Copenhagen vs. Panama City - Cost of restaurants

Improve prices · Change currency (USD)

pay 17.9% less for groceries

	Copenhagen	Panama City
Bread 1 loaf	$3.78 DKK24.43	$2.51 PAB2.51	-33.8%
Local cheese (8 oz)	$6.47 DKK41.79	$6.39 PAB6.39	-1.3%
Milk (1 gallon)	$7.42 DKK47.94	$6.80 PAB6.80	-8.4%
Eggs 1 dozen	$4.75 DKK30.69	$2.68 PAB2.68	-43.7%
Boneless chicken breast (1 lb)	$5.10 DKK32.93	$3.41 PAB3.41	-33.2%
Apples (1 lb)	$1.41 DKK9.11	$1.48 PAB1.48	+5.1%
Bananas (1 lb)	$1.42 DKK9.14	$0.72 PAB0.72	-48.9%
Oranges (1 lb)	$1.51 DKK9.76	$1.24 PAB1.24	-17.9%
Tomatoes (1 lb)	$2.12 DKK13.66	$1.40 PAB1.40	-33.9%
Potatoes (1 lb)	$1.07 DKK6.91	$0.98 PAB0.98	-8.0%
Onions (1 lb)	$0.90 DKK5.84	$1.15 PAB1.15	+26.8%
Average			-17.9%

Copenhagen vs. Panama City - Cost of groceries

Improve prices · Change currency (USD)

pay 55.0% less for transportation

	Copenhagen	Panama City
Gasoline (1 gallon)	$7.78 DKK50.26	$3.69 PAB3.69	-52.6%
Monthly public transit pass	$100.30 DKK647.79	$25.00 PAB25.00	-75.1%
New Volkswagen Golf 1.4 (standard edition)	$50,303.99 DKK324,875.77	$19,750.00 PAB19,750.00	-60.7%
Taxi trip in downtown area (5 miles)	$24.43 DKK157.80	$16.71 PAB16.71	-31.6%
Average			-55.0%

Copenhagen vs. Panama City - Cost of transportation

Improve prices · Change currency (USD)

pay 19.0% less for housing

	Copenhagen	Panama City
Internet connection 50 mbps or faster, cable/dsl	$36.84 DKK237.92	$52.10 PAB52.10	+41.4%
1-Bedroom apartment in downtown area	$1,691.68 DKK10,925.26	$1,023.81 PAB1,023.81	-39.5%
1-Bedroom apartment outside city center	$1,264.98 DKK8,169.58	$755.88 PAB755.88	-40.2%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$151.98 DKK981.53	$94.84 PAB94.84	-37.6%
Average			-19.0%

Copenhagen vs. Panama City - Cost of housing

Improve prices · Change currency (USD)

pay 22.1% less for childcare

	Copenhagen	Panama City
Private preschool for 1 child, monthly	$580.24 DKK3,747.35	$439.17 PAB439.17	-24.3%
Middle school for 1 child, two semesters	$12,599.95 DKK81,373.65	$10,092.67 PAB10,092.67	-19.9%
Average			-22.1%

Copenhagen vs. Panama City - Cost of childcare

Improve prices · Change currency (USD)

pay 40.0% less for entertainment and sports

	Copenhagen	Panama City
Domestic/local beer (1 pint)	$8.62 DKK55.69	$3.00 PAB3.00	-65.2%
Cappuccino in mid-range area	$6.19 DKK39.98	$3.59 PAB3.59	-42.0%
Pack of cigarettes Marlboro or similar	$9.05 DKK58.48	$5.50 PAB5.50	-39.3%
Monthly membership at local gym	$43.41 DKK280.32	$47.27 PAB47.27	+8.9%
Movie ticket to theater/cinema	$18.68 DKK120.67	$7.00 PAB7.00	-62.5%
Average			-40.0%

Copenhagen vs. Panama City - Cost of entertainment and sports

Improve prices · Change currency (USD)

pay 35.4% less for clothing

	Copenhagen	Panama City
Regular jeans Levi's brand	$115.64 DKK746.84	$53.91 PAB53.91	-53.4%
Regular dress from H&M or similar store	$48.78 DKK315.06	$37.78 PAB37.78	-22.6%
Running shoes Nike or Adidas	$121.38 DKK783.87	$87.62 PAB87.62	-27.8%
Men's business shoes (leather)	$174.89 DKK1,129.47	$108.75 PAB108.75	-37.8%
Average			-35.4%

Copenhagen vs. Panama City - Cost of clothing

Improve prices · Change currency (USD)

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: June 2025

More cost comparisons

Copenhagen vs.

Phnom Penh

Copenhagen vs.

Singapore

Copenhagen vs.

Hanoi

Copenhagen vs.

Ankara

Copenhagen vs.

Reykjavik

Copenhagen vs.

Delhi

Copenhagen vs.

Warsaw

Copenhagen vs.

Wellington

Share this

Compare countries by overall cost of living

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

Help us improve these prices

MyLifeElsewhere is a collaborative project. Please enter price information for your location to help assist us in making these comparisons more accurate. Learn more

Add prices for Copenhagen

Add prices for Panama City

ASK THE ELSEWHERE COMMUNITY

Join the Elsewhere community and ask a question about Panama City or Copenhagen. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.