Cost of living comparison

compared to

Panama City vs. Monaco Cost of Living Summary

Panama City is 53.4% cheaper than Monaco.

Restaurants: pay 53.0% less in Panama City
Groceries: pay 22.4% less in Panama City
Transportation: pay 31.5% less in Panama City
Housing: pay 62.5% less in Panama City
Childcare: pay 77.7% less in Panama City
Entertainment and Sports: pay 61.2% less in Panama City
Clothing: pay 65.4% less in Panama City

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

Panama City vs. Monaco Cost Breakdown

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

Display currency: USD

pay 53.0% less for restaurants

	Monaco	Panama City
Basic meal with drink at inexpensive restaurant	$20.90 €20.27	$13.25 PAB13.25	-36.6%
Fast food combo meal McDonalds, or similar	$12.33 €11.95	$8.00 PAB8.00	-35.1%
Bottle of Coca-Cola (11 fl. oz)	$4.67 €4.53	$1.86 PAB1.86	-60.3%
Bottle of water (11 fl. oz)	$7.08 €6.87	$1.41 PAB1.41	-80.1%
Average			-53.0%

Monaco vs. Panama City - Cost of restaurants

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pay 22.4% less for groceries

	Monaco	Panama City
Bread 1 loaf	$6.56 €6.37	$2.51 PAB2.51	-61.8%
Local cheese (8 oz)	$8.04 €7.80	$6.39 PAB6.39	-20.5%
Milk (1 gallon)	$7.10 €6.89	$6.80 PAB6.80	-4.2%
Eggs 1 dozen	$3.56 €3.45	$2.68 PAB2.68	-24.8%
Boneless chicken breast (1 lb)	$4.76 €4.62	$3.41 PAB3.41	-28.4%
Apples (1 lb)	$2.07 €2.00	$1.48 PAB1.48	-28.3%
Bananas (1 lb)	$1.22 €1.18	$0.72 PAB0.72	-40.5%
Oranges (1 lb)	$1.22 €1.18	$1.24 PAB1.24	+2.0%
Tomatoes (1 lb)	$1.80 €1.74	$1.40 PAB1.40	-22.3%
Potatoes (1 lb)	$0.95 €0.92	$0.98 PAB0.98	+4.0%
Onions (1 lb)	$1.46 €1.41	$1.15 PAB1.15	-21.3%
Average			-22.4%

Monaco vs. Panama City - Cost of groceries

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pay 31.5% less for transportation

	Monaco	Panama City
Gasoline (1 gallon)	$8.55 €8.29	$3.69 PAB3.69	-56.8%
Monthly public transit pass	$23.58 €22.87	$25.00 PAB25.00	+6.0%
New Volkswagen Golf 1.4 (standard edition)	$46,276.05 €44,878.10	$19,750.00 PAB19,750.00	-57.3%
Taxi trip in downtown area (5 miles)	$20.36 €19.75	$16.71 PAB16.71	-18.0%
Average			-31.5%

Monaco vs. Panama City - Cost of transportation

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pay 62.5% less for housing

	Monaco	Panama City
Internet connection 50 mbps or faster, cable/dsl	$61.09 €59.25	$52.10 PAB52.10	-14.7%
1-Bedroom apartment in downtown area	$8,084.96 €7,840.73	$1,023.81 PAB1,023.81	-87.3%
1-Bedroom apartment outside city center	$6,430.58 €6,236.32	$755.88 PAB755.88	-88.2%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$235.04 €227.94	$94.84 PAB94.84	-59.6%
Average			-62.5%

Monaco vs. Panama City - Cost of housing

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pay 77.7% less for childcare

	Monaco	Panama City
Private preschool for 1 child, monthly	$2,089.94 €2,026.80	$439.17 PAB439.17	-79.0%
Middle school for 1 child, two semesters	$42,736.55 €41,445.53	$10,092.67 PAB10,092.67	-76.4%
Average			-77.7%

Monaco vs. Panama City - Cost of childcare

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pay 61.2% less for entertainment and sports

	Monaco	Panama City
Domestic/local beer (1 pint)	$8.57 €8.32	$3.00 PAB3.00	-65.0%
Cappuccino in mid-range area	$6.62 €6.42	$3.59 PAB3.59	-45.8%
Pack of cigarettes Marlboro or similar	$13.40 €12.99	$5.50 PAB5.50	-58.9%
Monthly membership at local gym	$515.79 €500.20	$47.27 PAB47.27	-90.8%
Movie ticket to theater/cinema	$12.86 €12.47	$7.00 PAB7.00	-45.6%
Average			-61.2%

Monaco vs. Panama City - Cost of entertainment and sports

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pay 65.4% less for clothing

	Monaco	Panama City
Regular jeans Levi's brand	$174.43 €169.16	$53.91 PAB53.91	-69.1%
Regular dress from H&M or similar store	$75.29 €73.02	$37.78 PAB37.78	-49.8%
Running shoes Nike or Adidas	$219.18 €212.55	$87.62 PAB87.62	-60.0%
Men's business shoes (leather)	$625.91 €607.00	$108.75 PAB108.75	-82.6%
Average			-65.4%

Monaco 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: January 2025

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