Cost of living comparison

Panama City, Panama

compared to

Budapest, Hungary

Budapest vs. Panama City Cost of Living Summary

Budapest is 8.4% cheaper than Panama City.

Restaurants: pay 14.0% less in Budapest
Groceries: pay 31.3% less in Budapest
Transportation: pay 17.7% more in Budapest
Housing: pay 32.1% less in Budapest
Childcare: pay 0.5% more in Budapest
Entertainment and Sports: pay 4.8% less in Budapest
Clothing: pay 5.2% more in Budapest

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

Budapest vs. Panama City Cost Breakdown

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

Display currency: USD

pay 14.0% less for restaurants

	Panama City	Budapest
Basic meal with drink at inexpensive restaurant	$13.25 PAB13.25	$10.52 HUF3,676.61	-20.6%
Fast food combo meal McDonalds, or similar	$8.00 PAB8.00	$7.89 HUF2,757.46	-1.4%
Bottle of Coca-Cola (11 fl. oz)	$1.86 PAB1.86	$1.53 HUF533.09	-17.9%
Bottle of water (11 fl. oz)	$1.41 PAB1.41	$1.18 HUF413.31	-16.2%
Average			-14.0%

Panama City vs. Budapest - Cost of restaurants

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pay 31.3% less for groceries

	Panama City	Budapest
Bread 1 loaf	$2.51 PAB2.51	$1.48 HUF517.28	-40.9%
Local cheese (8 oz)	$6.39 PAB6.39	$4.42 HUF1,543.03	-30.9%
Milk (1 gallon)	$6.80 PAB6.80	$3.98 HUF1,390.47	-41.5%
Eggs 1 dozen	$2.68 PAB2.68	$2.43 HUF849.91	-9.1%
Boneless chicken breast (1 lb)	$3.41 PAB3.41	$2.44 HUF852.70	-28.4%
Apples (1 lb)	$1.48 PAB1.48	$0.71 HUF247.11	-52.3%
Bananas (1 lb)	$0.72 PAB0.72	$0.80 HUF278.61	+10.3%
Oranges (1 lb)	$1.24 PAB1.24	$0.81 HUF282.06	-34.9%
Tomatoes (1 lb)	$1.40 PAB1.40	$1.17 HUF409.75	-16.1%
Potatoes (1 lb)	$0.98 PAB0.98	$0.51 HUF177.88	-48.3%
Onions (1 lb)	$1.15 PAB1.15	$0.55 HUF191.20	-52.3%
Average			-31.3%

Panama City vs. Budapest - Cost of groceries

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pay 17.7% more for transportation

	Panama City	Budapest
Gasoline (1 gallon)	$3.69 PAB3.69	$6.17 HUF2,156.71	+67.3%
Monthly public transit pass	$25.00 PAB25.00	$23.54 HUF8,226.42	-5.8%
New Volkswagen Golf 1.4 (standard edition)	$19,750.00 PAB19,750.00	$26,962.74 HUF9,421,319.43	+36.5%
Taxi trip in downtown area (5 miles)	$16.71 PAB16.71	$12.15 HUF4,246.49	-27.3%
Average			+17.7%

Panama City vs. Budapest - Cost of transportation

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pay 32.1% less for housing

	Panama City	Budapest
Internet connection 50 mbps or faster, cable/dsl	$52.10 PAB52.10	$17.98 HUF6,284.10	-65.5%
1-Bedroom apartment in downtown area	$1,023.81 PAB1,023.81	$642.83 HUF224,617.74	-37.2%
1-Bedroom apartment outside city center	$755.88 PAB755.88	$478.04 HUF167,036.88	-36.8%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$94.84 PAB94.84	$105.42 HUF36,835.78	+11.2%
Average			-32.1%

Panama City vs. Budapest - Cost of housing

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pay 0.5% more for childcare

	Panama City	Budapest
Private preschool for 1 child, monthly	$439.17 PAB439.17	$423.92 HUF148,125.06	-3.5%
Middle school for 1 child, two semesters	$10,092.67 PAB10,092.67	$10,554.11 HUF3,687,817.63	+4.6%
Average			+0.5%

Panama City vs. Budapest - Cost of childcare

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pay 4.8% less for entertainment and sports

	Panama City	Budapest
Domestic/local beer (1 pint)	$3.00 PAB3.00	$2.63 HUF919.15	-12.3%
Cappuccino in mid-range area	$3.59 PAB3.59	$2.37 HUF829.34	-33.9%
Pack of cigarettes Marlboro or similar	$5.50 PAB5.50	$5.98 HUF2,091.07	+8.8%
Monthly membership at local gym	$47.27 PAB47.27	$49.31 HUF17,230.78	+4.3%
Movie ticket to theater/cinema	$7.00 PAB7.00	$7.63 HUF2,665.54	+9.0%
Average			-4.8%

Panama City vs. Budapest - Cost of entertainment and sports

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pay 5.2% more for clothing

	Panama City	Budapest
Regular jeans Levi's brand	$53.91 PAB53.91	$74.81 HUF26,140.13	+38.8%
Regular dress from H&M or similar store	$37.78 PAB37.78	$36.73 HUF12,833.59	-2.8%
Running shoes Nike or Adidas	$87.62 PAB87.62	$86.74 HUF30,306.96	-1.0%
Men's business shoes (leather)	$108.75 PAB108.75	$93.52 HUF32,677.48	-14.0%
Average			+5.2%

Panama City vs. Budapest - 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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