Cost of living comparison

George Town, Cayman Islands

compared to

Panama City, Panama

Panama City vs. George Town Cost of Living Summary

Panama City is 53.2% cheaper than George Town.

Restaurants: pay 51.7% less in Panama City
Groceries: pay 54.3% less in Panama City
Transportation: pay 46.1% less in Panama City
Housing: pay 64.3% less in Panama City
Childcare: pay 66.2% less in Panama City
Entertainment and Sports: pay 54.3% less in Panama City
Clothing: pay 35.8% less in Panama City

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

Panama City vs. George Town Cost Breakdown

If you lived in Panama City instead of George Town, you would:

Display currency: USD

pay 51.7% less for restaurants

	George Town	Panama City
Basic meal with drink at inexpensive restaurant	$29.82 KYD24.87	$13.25 PAB13.25	-55.6%
Fast food combo meal McDonalds, or similar	$15.51 KYD12.93	$8.00 PAB8.00	-48.4%
Bottle of Coca-Cola (11 fl. oz)	$3.80 KYD3.17	$1.86 PAB1.86	-51.2%
Bottle of water (11 fl. oz)	$2.91 KYD2.42	$1.41 PAB1.41	-51.5%
Average			-51.7%

George Town vs. Panama City - Cost of restaurants

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pay 54.3% less for groceries

	George Town	Panama City
Bread 1 loaf	$4.97 KYD4.15	$2.51 PAB2.51	-49.6%
Local cheese (8 oz)	$6.42 KYD5.36	$6.39 PAB6.39	-0.6%
Milk (1 gallon)	$11.63 KYD9.69	$6.80 PAB6.80	-41.5%
Eggs 1 dozen	$9.52 KYD7.94	$2.68 PAB2.68	-71.9%
Boneless chicken breast (1 lb)	$6.73 KYD5.61	$3.41 PAB3.41	-49.4%
Apples (1 lb)	$4.70 KYD3.92	$1.48 PAB1.48	-68.5%
Bananas (1 lb)	$2.08 KYD1.74	$0.72 PAB0.72	-65.3%
Oranges (1 lb)	$3.73 KYD3.11	$1.24 PAB1.24	-66.8%
Tomatoes (1 lb)	$3.69 KYD3.08	$1.40 PAB1.40	-62.2%
Potatoes (1 lb)	$2.97 KYD2.48	$0.98 PAB0.98	-66.9%
Onions (1 lb)	$2.50 KYD2.08	$1.15 PAB1.15	-54.1%
Average			-54.3%

George Town vs. Panama City - Cost of groceries

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pay 46.1% less for transportation

	George Town	Panama City
Gasoline (1 gallon)	$6.65 KYD5.54	$3.69 PAB3.69	-44.5%
Monthly public transit pass	$29.82 KYD24.87	$25.00 PAB25.00	-16.2%
New Volkswagen Golf 1.4 (standard edition)	$38,771.25 KYD32,329.99	$19,750.00 PAB19,750.00	-49.1%
Taxi trip in downtown area (5 miles)	$65.61 KYD54.71	$16.71 PAB16.71	-74.5%
Average			-46.1%

George Town vs. Panama City - Cost of transportation

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pay 64.3% less for housing

	George Town	Panama City
Internet connection 50 mbps or faster, cable/dsl	$111.36 KYD92.86	$52.10 PAB52.10	-53.2%
1-Bedroom apartment in downtown area	$2,931.28 KYD2,444.29	$1,023.81 PAB1,023.81	-65.1%
1-Bedroom apartment outside city center	$2,539.30 KYD2,117.44	$755.88 PAB755.88	-70.2%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$302.52 KYD252.26	$94.84 PAB94.84	-68.6%
Average			-64.3%

George Town vs. Panama City - Cost of housing

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pay 66.2% less for childcare

	George Town	Panama City
Private preschool for 1 child, monthly	$1,601.98 KYD1,335.83	$439.17 PAB439.17	-72.6%
Middle school for 1 child, two semesters	$25,183.42 KYD20,999.57	$10,092.67 PAB10,092.67	-59.9%
Average			-66.2%

George Town vs. Panama City - Cost of childcare

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pay 54.3% less for entertainment and sports

	George Town	Panama City
Domestic/local beer (1 pint)	$7.75 KYD6.47	$3.00 PAB3.00	-61.3%
Cappuccino in mid-range area	$6.63 KYD5.53	$3.59 PAB3.59	-45.8%
Pack of cigarettes Marlboro or similar	$13.12 KYD10.94	$5.50 PAB5.50	-58.1%
Monthly membership at local gym	$86.49 KYD72.12	$47.27 PAB47.27	-45.3%
Movie ticket to theater/cinema	$17.89 KYD14.92	$7.00 PAB7.00	-60.9%
Average			-54.3%

George Town vs. Panama City - Cost of entertainment and sports

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pay 35.8% less for clothing

	George Town	Panama City
Regular jeans Levi's brand	$89.47 KYD74.61	$53.91 PAB53.91	-39.7%
Regular dress from H&M or similar store	$70.09 KYD58.44	$37.78 PAB37.78	-46.1%
Running shoes Nike or Adidas	$128.24 KYD106.94	$87.62 PAB87.62	-31.7%
Men's business shoes (leather)	$146.14 KYD121.86	$108.75 PAB108.75	-25.6%
Average			-35.8%

George Town 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: June 2025

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

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