Cost of living comparison

Gibraltar, Gibraltar

compared to

Panama City, Panama

Panama City vs. Gibraltar Cost of Living Summary

Panama City is 15.7% cheaper than Gibraltar.

Restaurants: pay 26.0% less in Panama City
Groceries: pay 8.1% less in Panama City
Transportation: pay 22.4% more in Panama City
Housing: pay 21.8% less in Panama City
Childcare: pay 40.8% less in Panama City
Entertainment and Sports: pay 16.8% less in Panama City
Clothing: pay 19.1% less in Panama City

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

Panama City vs. Gibraltar Cost Breakdown

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

Display currency: USD

pay 26.0% less for restaurants

	Gibraltar	Panama City
Basic meal with drink at inexpensive restaurant	$20.66 GIP15.36	$13.25 PAB13.25	-35.9%
Fast food combo meal McDonalds, or similar	$10.98 GIP8.16	$8.00 PAB8.00	-27.1%
Bottle of Coca-Cola (11 fl. oz)	$2.15 GIP1.60	$1.86 PAB1.86	-13.8%
Bottle of water (11 fl. oz)	$1.94 GIP1.44	$1.41 PAB1.41	-27.2%
Average			-26.0%

Gibraltar vs. Panama City - Cost of restaurants

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pay 8.1% less for groceries

	Gibraltar	Panama City
Bread 1 loaf	$1.78 GIP1.32	$2.51 PAB2.51	+41.1%
Local cheese (8 oz)	$4.65 GIP3.46	$6.39 PAB6.39	+37.4%
Milk (1 gallon)	$8.40 GIP6.24	$6.80 PAB6.80	-19.0%
Eggs 1 dozen	$3.80 GIP2.82	$2.68 PAB2.68	-29.5%
Boneless chicken breast (1 lb)	$3.99 GIP2.96	$3.41 PAB3.41	-14.5%
Apples (1 lb)	$1.83 GIP1.36	$1.48 PAB1.48	-19.0%
Bananas (1 lb)	$1.61 GIP1.20	$0.72 PAB0.72	-55.1%
Oranges (1 lb)	$1.86 GIP1.38	$1.24 PAB1.24	-33.1%
Tomatoes (1 lb)	$1.76 GIP1.31	$1.40 PAB1.40	-20.5%
Potatoes (1 lb)	$1.05 GIP0.78	$0.98 PAB0.98	-6.3%
Onions (1 lb)	$0.88 GIP0.66	$1.15 PAB1.15	+29.9%
Average			-8.1%

Gibraltar vs. Panama City - Cost of groceries

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pay 22.4% more for transportation

	Gibraltar	Panama City
Gasoline (1 gallon)	$5.96 GIP4.43	$3.69 PAB3.69	-38.0%
Monthly public transit pass	$8.33 GIP6.19	$25.00 PAB25.00	+200.1%
New Volkswagen Golf 1.4 (standard edition)	$31,804.11 GIP23,635.64	$19,750.00 PAB19,750.00	-37.9%
Taxi trip in downtown area (5 miles)	$25.57 GIP19.00	$16.71 PAB16.71	-34.7%
Average			+22.4%

Gibraltar vs. Panama City - Cost of transportation

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pay 21.8% less for housing

	Gibraltar	Panama City
Internet connection 50 mbps or faster, cable/dsl	$54.78 GIP40.71	$52.10 PAB52.10	-4.9%
1-Bedroom apartment in downtown area	$1,685.73 GIP1,252.77	$1,023.81 PAB1,023.81	-39.3%
1-Bedroom apartment outside city center	$1,569.58 GIP1,166.45	$755.88 PAB755.88	-51.8%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$87.28 GIP64.87	$94.84 PAB94.84	+8.7%
Average			-21.8%

Gibraltar vs. Panama City - Cost of housing

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pay 40.8% less for childcare

	Gibraltar	Panama City
Private preschool for 1 child, monthly	$825.15 GIP613.22	$439.17 PAB439.17	-46.8%
Middle school for 1 child, two semesters	$15,498.45 GIP11,517.87	$10,092.67 PAB10,092.67	-34.9%
Average			-40.8%

Gibraltar vs. Panama City - Cost of childcare

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pay 16.8% less for entertainment and sports

	Gibraltar	Panama City
Domestic/local beer (1 pint)	$5.17 GIP3.84	$3.00 PAB3.00	-41.9%
Cappuccino in mid-range area	$3.14 GIP2.33	$3.59 PAB3.59	+14.4%
Pack of cigarettes Marlboro or similar	$4.65 GIP3.46	$5.50 PAB5.50	+18.3%
Monthly membership at local gym	$76.95 GIP57.19	$47.27 PAB47.27	-38.6%
Movie ticket to theater/cinema	$10.98 GIP8.16	$7.00 PAB7.00	-36.2%
Average			-16.8%

Gibraltar vs. Panama City - Cost of entertainment and sports

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pay 19.1% less for clothing

	Gibraltar	Panama City
Regular jeans Levi's brand	$128.35 GIP95.38	$53.91 PAB53.91	-58.0%
Regular dress from H&M or similar store	$42.78 GIP31.79	$37.78 PAB37.78	-11.7%
Running shoes Nike or Adidas	$130.95 GIP97.32	$87.62 PAB87.62	-33.1%
Men's business shoes (leather)	$86.10 GIP63.99	$108.75 PAB108.75	+26.3%
Average			-19.1%

Gibraltar 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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