Cost of living comparison

 Panama City, Panama
compared to
 Belgrade, Serbia
Belgrade vs. Panama City Cost of Living Summary

Belgrade is 3.4% cheaper than Panama City.

Restaurants
pay 8.5% more in Belgrade
Groceries
pay 32.5% less in Belgrade
Transportation
pay 16.5% more in Belgrade
Housing
pay 12.3% less in Belgrade
Childcare
pay 19.4% less in Belgrade
Entertainment and Sports
pay 14.8% less in Belgrade
Clothing
pay 30.4% more in Belgrade

The cost of clothing, transportation, and restaurants in Belgrade are more expensive than in Panama City. Expenses including groceries, childcare, entertainment and sports, and housing are lower in Belgrade.

Belgrade vs. Panama City Cost Breakdown

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

pay 8.5% more for restaurants

 
Panama City
Belgrade
Basic meal with drink at inexpensive restaurant $13.25
PAB13.25
$10.99
RSD1,131
Fast food combo meal
McDonalds, or similar
$8.00
PAB8.00
$9.16
RSD942
Bottle of Coca-Cola (11 fl. oz) $1.86
PAB1.86
$2.33
RSD239

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pay 32.5% less for groceries

 
Panama City
Belgrade
Bread
1 loaf
$2.51
PAB2.51
$0.87
RSD90
Local cheese (8 oz) $6.39
PAB6.39
$5.04
RSD519
Milk (1 gallon) $6.80
PAB6.80
$4.98
RSD512

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pay 16.5% more for transportation

 
Panama City
Belgrade
Gasoline (1 gallon) $3.69
PAB3.69
$6.87
RSD706
Monthly public transit pass $25.00
PAB25.00
$20.16
RSD2,073
New Volkswagen Golf 1.4 (standard edition) $19,750.00
PAB19,750.00
$28,106.99
RSD2,891,338

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pay 12.3% less for housing

 
Panama City
Belgrade
Internet connection
50 mbps or faster, cable/dsl
$52.10
PAB52.10
$27.63
RSD2,842
1-Bedroom apartment in downtown area $1,023.81
PAB1,023.81
$840.53
RSD86,464
1-Bedroom apartment outside city center $755.88
PAB755.88
$518.55
RSD53,343

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pay 19.4% less for childcare

 
Panama City
Belgrade
Private preschool for 1 child, monthly $439.17
PAB439.17
$370.44
RSD38,107
Middle school for 1 child, two semesters $10,092.67
PAB10,092.67
$7,747.69
RSD796,997

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pay 14.8% less for entertainment and sports

 
Panama City
Belgrade
Domestic/local beer (1 pint) $3.00
PAB3.00
$3.02
RSD311
Cappuccino in mid-range area $3.59
PAB3.59
$2.45
RSD252
Pack of cigarettes
Marlboro or similar
$5.50
PAB5.50
$4.12
RSD424

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pay 30.4% more for clothing

 
Panama City
Belgrade
Regular jeans
Levi's brand
$53.91
PAB53.91
$97.71
RSD10,051
Regular dress
from H&M or similar store
$37.78
PAB37.78
$38.65
RSD3,976
Running shoes
Nike or Adidas
$87.62
PAB87.62
$107.09
RSD11,016

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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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See the cost of living in Panama vs. Serbia. This provides a comparison of the average cost of living from cities within Panama and Serbia.

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