Cost of living comparison
Panama City is 14.2% more expensive than Georgetown.
If you lived in Panama City instead of Georgetown, you would:
pay 39.1% more for restaurants
|
Georgetown
|
Panama City
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$11.88
GYD2,475.37
|
$13.25
PAB13.25
|
|
|
Fast food combo meal
McDonalds, or similar
|
$8.55
GYD1,782.27
|
$8.00
PAB8.00
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$1.21
GYD252.49
|
$1.86
PAB1.86
|
|
| Bottle of water (11 fl. oz) |
$0.71
GYD148.52
|
$1.41
PAB1.41
|
|
pay 4.2% less for groceries
|
Georgetown
|
Panama City
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.01
GYD417.99
|
$2.51
PAB2.51
|
|
| Local cheese (8 oz) |
$5.36
GYD1,116.16
|
$6.39
PAB6.39
|
|
| Milk (1 gallon) |
$12.31
GYD2,565.49
|
$6.80
PAB6.80
|
|
|
Eggs
1 dozen
|
$3.41
GYD709.61
|
$2.68
PAB2.68
|
|
| Boneless chicken breast (1 lb) |
$2.63
GYD547.65
|
$3.41
PAB3.41
|
|
| Apples (1 lb) |
$1.78
GYD371.45
|
$1.48
PAB1.48
|
|
| Bananas (1 lb) |
$1.20
GYD250.90
|
$0.72
PAB0.72
|
|
| Oranges (1 lb) |
$1.70
GYD353.86
|
$1.24
PAB1.24
|
|
| Tomatoes (1 lb) |
$2.05
GYD426.27
|
$1.40
PAB1.40
|
|
| Potatoes (1 lb) |
$0.71
GYD147.23
|
$0.98
PAB0.98
|
|
| Onions (1 lb) |
$0.93
GYD194.03
|
$1.15
PAB1.15
|
|
pay 9.1% less for transportation
|
Georgetown
|
Panama City
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$4.00
GYD833.96
|
$3.69
PAB3.69
|
|
| Monthly public transit pass |
$28.51
GYD5,940.89
|
$25.00
PAB25.00
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$15,680.67
GYD3,267,488.48
|
$19,750.00
PAB19,750.00
|
|
| Taxi trip in downtown area (5 miles) |
$28.99
GYD6,039.90
|
$16.71
PAB16.71
|
|
pay 68.9% more for housing
|
Georgetown
|
Panama City
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$61.18
GYD12,748.16
|
$52.10
PAB52.10
|
|
| 1-Bedroom apartment in downtown area |
$617.07
GYD128,583.94
|
$1,023.81
PAB1,023.81
|
|
| 1-Bedroom apartment outside city center |
$281.14
GYD58,583.76
|
$755.88
PAB755.88
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$61.00
GYD12,711.03
|
$94.84
PAB94.84
|
|
pay 53.2% less for childcare
|
Georgetown
|
Panama City
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$876.83
GYD182,711.38
|
$439.17
PAB439.17
|
|
| Middle school for 1 child, two semesters |
$23,225.94
GYD4,839,749.86
|
$10,092.67
PAB10,092.67
|
|
pay 44.8% more for entertainment and sports
|
Georgetown
|
Panama City
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$2.14
GYD445.57
|
$3.00
PAB3.00
|
|
| Cappuccino in mid-range area |
$3.88
GYD808.62
|
$3.59
PAB3.59
|
|
|
Pack of cigarettes
Marlboro or similar
|
$2.19
GYD455.47
|
$5.50
PAB5.50
|
|
| Monthly membership at local gym |
$38.81
GYD8,086.21
|
$47.27
PAB47.27
|
|
| Movie ticket to theater/cinema |
$5.94
GYD1,237.69
|
$7.00
PAB7.00
|
|
pay 13.4% more for clothing
|
Georgetown
|
Panama City
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$38.01
GYD7,921.18
|
$53.91
PAB53.91
|
|
|
Regular dress
from H&M or similar store
|
$52.27
GYD10,891.63
|
$37.78
PAB37.78
|
|
|
Running shoes
Nike or Adidas
|
$83.63
GYD17,426.61
|
$87.62
PAB87.62
|
|
| Men's business shoes (leather) |
$80.78
GYD16,832.52
|
$108.75
PAB108.75
|
|
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