Cost of living comparison
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.
If you lived in Panama City instead of Gibraltar, you would:
pay 26.0% less for restaurants
Gibraltar
|
Panama City
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$20.66
GIP15.28
|
$13.25
PAB13.25
|
|
Fast food combo meal
McDonalds, or similar
|
$10.98
GIP8.12
|
$8.00
PAB8.00
|
|
Bottle of Coca-Cola (11 fl. oz) |
$2.15
GIP1.59
|
$1.86
PAB1.86
|
|
Bottle of water (11 fl. oz) |
$1.94
GIP1.43
|
$1.41
PAB1.41
|
|
pay 8.1% less for groceries
Gibraltar
|
Panama City
|
||
---|---|---|---|
Bread
1 loaf
|
$1.78
GIP1.31
|
$2.51
PAB2.51
|
|
Local cheese (8 oz) |
$4.65
GIP3.44
|
$6.39
PAB6.39
|
|
Milk (1 gallon) |
$8.40
GIP6.21
|
$6.80
PAB6.80
|
|
Eggs
1 dozen
|
$3.80
GIP2.81
|
$2.68
PAB2.68
|
|
Boneless chicken breast (1 lb) |
$3.99
GIP2.95
|
$3.41
PAB3.41
|
|
Apples (1 lb) |
$1.83
GIP1.35
|
$1.48
PAB1.48
|
|
Bananas (1 lb) |
$1.61
GIP1.19
|
$0.72
PAB0.72
|
|
Oranges (1 lb) |
$1.86
GIP1.37
|
$1.24
PAB1.24
|
|
Tomatoes (1 lb) |
$1.76
GIP1.30
|
$1.40
PAB1.40
|
|
Potatoes (1 lb) |
$1.05
GIP0.78
|
$0.98
PAB0.98
|
|
Onions (1 lb) |
$0.88
GIP0.65
|
$1.15
PAB1.15
|
|
pay 22.4% more for transportation
Gibraltar
|
Panama City
|
||
---|---|---|---|
Gasoline (1 gallon) |
$5.96
GIP4.40
|
$3.69
PAB3.69
|
|
Monthly public transit pass |
$8.33
GIP6.16
|
$25.00
PAB25.00
|
|
New Volkswagen Golf 1.4 (standard edition) |
$31,804.11
GIP23,509.85
|
$19,750.00
PAB19,750.00
|
|
Taxi trip in downtown area (5 miles) |
$25.57
GIP18.90
|
$16.71
PAB16.71
|
|
pay 21.8% less for housing
Gibraltar
|
Panama City
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$54.78
GIP40.50
|
$52.10
PAB52.10
|
|
1-Bedroom apartment in downtown area |
$1,685.73
GIP1,246.10
|
$1,023.81
PAB1,023.81
|
|
1-Bedroom apartment outside city center |
$1,569.58
GIP1,160.24
|
$755.88
PAB755.88
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$87.28
GIP64.52
|
$94.84
PAB94.84
|
|
pay 40.8% less for childcare
Gibraltar
|
Panama City
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$825.15
GIP609.96
|
$439.17
PAB439.17
|
|
Middle school for 1 child, two semesters |
$15,498.45
GIP11,456.58
|
$10,092.67
PAB10,092.67
|
|
pay 16.8% less for entertainment and sports
Gibraltar
|
Panama City
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$5.17
GIP3.82
|
$3.00
PAB3.00
|
|
Cappuccino in mid-range area |
$3.14
GIP2.32
|
$3.59
PAB3.59
|
|
Pack of cigarettes
Marlboro or similar
|
$4.65
GIP3.44
|
$5.50
PAB5.50
|
|
Monthly membership at local gym |
$76.95
GIP56.89
|
$47.27
PAB47.27
|
|
Movie ticket to theater/cinema |
$10.98
GIP8.12
|
$7.00
PAB7.00
|
|
pay 19.1% less for clothing
Gibraltar
|
Panama City
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$128.35
GIP94.87
|
$53.91
PAB53.91
|
|
Regular dress
from H&M or similar store
|
$42.78
GIP31.62
|
$37.78
PAB37.78
|
|
Running shoes
Nike or Adidas
|
$130.95
GIP96.80
|
$87.62
PAB87.62
|
|
Men's business shoes (leather) |
$86.10
GIP63.65
|
$108.75
PAB108.75
|
|
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