Cost of living comparison
Panama City is 53.2% cheaper than George Town.
If you lived in Panama City instead of George Town, you would:
pay 51.7% less for restaurants
|
George Town
|
Panama City
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$29.82
KYD24.75
|
$13.25
PAB13.25
|
|
|
Fast food combo meal
McDonalds, or similar
|
$15.51
KYD12.87
|
$8.00
PAB8.00
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.80
KYD3.16
|
$1.86
PAB1.86
|
|
| Bottle of water (11 fl. oz) |
$2.91
KYD2.41
|
$1.41
PAB1.41
|
|
pay 54.3% less for groceries
|
George Town
|
Panama City
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$4.97
KYD4.13
|
$2.51
PAB2.51
|
|
| Local cheese (8 oz) |
$6.42
KYD5.33
|
$6.39
PAB6.39
|
|
| Milk (1 gallon) |
$11.63
KYD9.65
|
$6.80
PAB6.80
|
|
|
Eggs
1 dozen
|
$9.52
KYD7.90
|
$2.68
PAB2.68
|
|
| Boneless chicken breast (1 lb) |
$6.73
KYD5.59
|
$3.41
PAB3.41
|
|
| Apples (1 lb) |
$4.70
KYD3.90
|
$1.48
PAB1.48
|
|
| Bananas (1 lb) |
$2.08
KYD1.73
|
$0.72
PAB0.72
|
|
| Oranges (1 lb) |
$3.73
KYD3.10
|
$1.24
PAB1.24
|
|
| Tomatoes (1 lb) |
$3.69
KYD3.06
|
$1.40
PAB1.40
|
|
| Potatoes (1 lb) |
$2.97
KYD2.46
|
$0.98
PAB0.98
|
|
| Onions (1 lb) |
$2.50
KYD2.07
|
$1.15
PAB1.15
|
|
pay 46.1% less for transportation
|
George Town
|
Panama City
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$6.65
KYD5.52
|
$3.69
PAB3.69
|
|
| Monthly public transit pass |
$29.82
KYD24.75
|
$25.00
PAB25.00
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$38,771.25
KYD32,180.87
|
$19,750.00
PAB19,750.00
|
|
| Taxi trip in downtown area (5 miles) |
$65.61
KYD54.46
|
$16.71
PAB16.71
|
|
pay 64.3% less for housing
|
George Town
|
Panama City
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$111.36
KYD92.43
|
$52.10
PAB52.10
|
|
| 1-Bedroom apartment in downtown area |
$2,931.28
KYD2,433.02
|
$1,023.81
PAB1,023.81
|
|
| 1-Bedroom apartment outside city center |
$2,539.30
KYD2,107.67
|
$755.88
PAB755.88
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$302.52
KYD251.09
|
$94.84
PAB94.84
|
|
pay 66.2% less for childcare
|
George Town
|
Panama City
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$1,601.98
KYD1,329.67
|
$439.17
PAB439.17
|
|
| Middle school for 1 child, two semesters |
$25,183.42
KYD20,902.72
|
$10,092.67
PAB10,092.67
|
|
pay 54.3% less for entertainment and sports
|
George Town
|
Panama City
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$7.75
KYD6.44
|
$3.00
PAB3.00
|
|
| Cappuccino in mid-range area |
$6.63
KYD5.50
|
$3.59
PAB3.59
|
|
|
Pack of cigarettes
Marlboro or similar
|
$13.12
KYD10.89
|
$5.50
PAB5.50
|
|
| Monthly membership at local gym |
$86.49
KYD71.79
|
$47.27
PAB47.27
|
|
| Movie ticket to theater/cinema |
$17.89
KYD14.85
|
$7.00
PAB7.00
|
|
pay 35.8% less for clothing
|
George Town
|
Panama City
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$89.47
KYD74.26
|
$53.91
PAB53.91
|
|
|
Regular dress
from H&M or similar store
|
$70.09
KYD58.17
|
$37.78
PAB37.78
|
|
|
Running shoes
Nike or Adidas
|
$128.24
KYD106.44
|
$87.62
PAB87.62
|
|
| Men's business shoes (leather) |
$146.14
KYD121.30
|
$108.75
PAB108.75
|
|
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