Cost of living comparison
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.
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
KYD24.85
|
$13.25
PAB13.25
|
|
|
Fast food combo meal
McDonalds, or similar
|
$15.51
KYD12.92
|
$8.00
PAB8.00
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.80
KYD3.17
|
$1.86
PAB1.86
|
|
| Bottle of water (11 fl. oz) |
$2.91
KYD2.42
|
$1.41
PAB1.41
|
|
pay 54.3% less for groceries
|
George Town
|
Panama City
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$4.97
KYD4.14
|
$2.51
PAB2.51
|
|
| Local cheese (8 oz) |
$6.42
KYD5.35
|
$6.39
PAB6.39
|
|
| Milk (1 gallon) |
$11.63
KYD9.69
|
$6.80
PAB6.80
|
|
|
Eggs
1 dozen
|
$9.52
KYD7.93
|
$2.68
PAB2.68
|
|
| Boneless chicken breast (1 lb) |
$6.73
KYD5.61
|
$3.41
PAB3.41
|
|
| Apples (1 lb) |
$4.70
KYD3.92
|
$1.48
PAB1.48
|
|
| Bananas (1 lb) |
$2.08
KYD1.73
|
$0.72
PAB0.72
|
|
| Oranges (1 lb) |
$3.73
KYD3.11
|
$1.24
PAB1.24
|
|
| Tomatoes (1 lb) |
$3.69
KYD3.08
|
$1.40
PAB1.40
|
|
| Potatoes (1 lb) |
$2.97
KYD2.47
|
$0.98
PAB0.98
|
|
| Onions (1 lb) |
$2.50
KYD2.08
|
$1.15
PAB1.15
|
|
pay 46.1% less for transportation
|
George Town
|
Panama City
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$6.65
KYD5.54
|
$3.69
PAB3.69
|
|
| Monthly public transit pass |
$29.82
KYD24.85
|
$25.00
PAB25.00
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$38,771.25
KYD32,304.55
|
$19,750.00
PAB19,750.00
|
|
| Taxi trip in downtown area (5 miles) |
$65.61
KYD54.67
|
$16.71
PAB16.71
|
|
pay 64.3% less for housing
|
George Town
|
Panama City
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$111.36
KYD92.79
|
$52.10
PAB52.10
|
|
| 1-Bedroom apartment in downtown area |
$2,931.28
KYD2,442.37
|
$1,023.81
PAB1,023.81
|
|
| 1-Bedroom apartment outside city center |
$2,539.30
KYD2,115.77
|
$755.88
PAB755.88
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$302.52
KYD252.06
|
$94.84
PAB94.84
|
|
pay 66.2% less for childcare
|
George Town
|
Panama City
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$1,601.98
KYD1,334.78
|
$439.17
PAB439.17
|
|
| Middle school for 1 child, two semesters |
$25,183.42
KYD20,983.05
|
$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
KYD6.46
|
$3.00
PAB3.00
|
|
| Cappuccino in mid-range area |
$6.63
KYD5.52
|
$3.59
PAB3.59
|
|
|
Pack of cigarettes
Marlboro or similar
|
$13.12
KYD10.93
|
$5.50
PAB5.50
|
|
| Monthly membership at local gym |
$86.49
KYD72.06
|
$47.27
PAB47.27
|
|
| Movie ticket to theater/cinema |
$17.89
KYD14.91
|
$7.00
PAB7.00
|
|
pay 35.8% less for clothing
|
George Town
|
Panama City
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$89.47
KYD74.55
|
$53.91
PAB53.91
|
|
|
Regular dress
from H&M or similar store
|
$70.09
KYD58.40
|
$37.78
PAB37.78
|
|
|
Running shoes
Nike or Adidas
|
$128.24
KYD106.85
|
$87.62
PAB87.62
|
|
| Men's business shoes (leather) |
$146.14
KYD121.76
|
$108.75
PAB108.75
|
|
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