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:

Display currency: USD

pay 8.5% more for restaurants

	Panama City	Belgrade
Basic meal with drink at inexpensive restaurant	$13.25 PAB13.25	$10.99 RSD1,131	-17.0%
Fast food combo meal McDonalds, or similar	$8.00 PAB8.00	$9.16 RSD942	+14.5%
Bottle of Coca-Cola (11 fl. oz)	$1.86 PAB1.86	$2.33 RSD239	+25.3%
Bottle of water (11 fl. oz)	$1.41 PAB1.41	$1.57 RSD161	+11.2%
Average			+8.5%

Panama City vs. Belgrade - Cost of restaurants

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pay 32.5% less for groceries

	Panama City	Belgrade
Bread 1 loaf	$2.51 PAB2.51	$0.87 RSD90	-65.2%
Local cheese (8 oz)	$6.39 PAB6.39	$5.04 RSD519	-21.0%
Milk (1 gallon)	$6.80 PAB6.80	$4.98 RSD512	-26.8%
Eggs 1 dozen	$2.68 PAB2.68	$2.66 RSD274	-0.6%
Boneless chicken breast (1 lb)	$3.41 PAB3.41	$3.13 RSD322	-8.2%
Apples (1 lb)	$1.48 PAB1.48	$0.53 RSD54	-64.5%
Bananas (1 lb)	$0.72 PAB0.72	$0.80 RSD83	+11.0%
Oranges (1 lb)	$1.24 PAB1.24	$0.74 RSD76	-40.7%
Tomatoes (1 lb)	$1.40 PAB1.40	$1.05 RSD108	-24.6%
Potatoes (1 lb)	$0.98 PAB0.98	$0.47 RSD49	-51.8%
Onions (1 lb)	$1.15 PAB1.15	$0.39 RSD41	-65.6%
Average			-32.5%

Panama City vs. Belgrade - Cost of groceries

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pay 16.5% more for transportation

	Panama City	Belgrade
Gasoline (1 gallon)	$3.69 PAB3.69	$6.87 RSD706	+86.1%
Monthly public transit pass	$25.00 PAB25.00	$20.16 RSD2,073	-19.4%
New Volkswagen Golf 1.4 (standard edition)	$19,750.00 PAB19,750.00	$28,106.99 RSD2,891,338	+42.3%
Taxi trip in downtown area (5 miles)	$16.71 PAB16.71	$9.51 RSD978	-43.1%
Average			+16.5%

Panama City vs. Belgrade - Cost of transportation

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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	-47.0%
1-Bedroom apartment in downtown area	$1,023.81 PAB1,023.81	$840.53 RSD86,464	-17.9%
1-Bedroom apartment outside city center	$755.88 PAB755.88	$518.55 RSD53,343	-31.4%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$94.84 PAB94.84	$139.51 RSD14,352	+47.1%
Average			-12.3%

Panama City vs. Belgrade - Cost of housing

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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	-15.6%
Middle school for 1 child, two semesters	$10,092.67 PAB10,092.67	$7,747.69 RSD796,997	-23.2%
Average			-19.4%

Panama City vs. Belgrade - Cost of childcare

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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	+0.8%
Cappuccino in mid-range area	$3.59 PAB3.59	$2.45 RSD252	-31.8%
Pack of cigarettes Marlboro or similar	$5.50 PAB5.50	$4.12 RSD424	-25.0%
Monthly membership at local gym	$47.27 PAB47.27	$36.53 RSD3,758	-22.7%
Movie ticket to theater/cinema	$7.00 PAB7.00	$7.33 RSD754	+4.7%
Average			-14.8%

Panama City vs. Belgrade - Cost of entertainment and sports

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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	+81.2%
Regular dress from H&M or similar store	$37.78 PAB37.78	$38.65 RSD3,976	+2.3%
Running shoes Nike or Adidas	$87.62 PAB87.62	$107.09 RSD11,016	+22.2%
Men's business shoes (leather)	$108.75 PAB108.75	$125.83 RSD12,944	+15.7%
Average			+30.4%

Panama City vs. Belgrade - 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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