Cost of living comparison

Panama City, Panama

compared to

Copenhagen, Denmark

Copenhagen vs. Panama City Cost of Living Summary

Copenhagen is 71.5% more expensive than Panama City.

Restaurants: pay 89.2% more in Copenhagen
Groceries: pay 30.9% more in Copenhagen
Transportation: pay 2.5 times more in Copenhagen
Housing: pay 40.9% more in Copenhagen
Childcare: pay 28.5% more in Copenhagen
Entertainment and Sports: pay 96.7% more in Copenhagen
Clothing: pay 60.7% more in Copenhagen

The cost of transportation, entertainment and sports, restaurants, clothing, housing, and groceries in Copenhagen are more expensive than in Panama City. Notably, transportation, entertainment and sports, and restaurants are significantly more expensive in Copenhagen.

Copenhagen vs. Panama City Cost Breakdown

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

Display currency: USD

pay 89.2% more for restaurants

	Panama City	Copenhagen
Basic meal with drink at inexpensive restaurant	$13.25 PAB13.25	$21.56 DKK141.72	+62.7%
Fast food combo meal McDonalds, or similar	$8.00 PAB8.00	$14.37 DKK94.48	+79.7%
Bottle of Coca-Cola (11 fl. oz)	$1.86 PAB1.86	$3.78 DKK24.85	+103.5%
Bottle of water (11 fl. oz)	$1.41 PAB1.41	$2.98 DKK19.58	+111.0%
Average			+89.2%

Panama City vs. Copenhagen - Cost of restaurants

Improve prices · Change currency (USD)

pay 30.9% more for groceries

	Panama City	Copenhagen
Bread 1 loaf	$2.51 PAB2.51	$3.78 DKK24.86	+50.9%
Local cheese (8 oz)	$6.39 PAB6.39	$6.47 DKK42.54	+1.3%
Milk (1 gallon)	$6.80 PAB6.80	$7.42 DKK48.80	+9.2%
Eggs 1 dozen	$2.68 PAB2.68	$4.75 DKK31.24	+77.6%
Boneless chicken breast (1 lb)	$3.41 PAB3.41	$5.10 DKK33.52	+49.7%
Apples (1 lb)	$1.48 PAB1.48	$1.41 DKK9.27	-4.9%
Bananas (1 lb)	$0.72 PAB0.72	$1.42 DKK9.30	+95.7%
Oranges (1 lb)	$1.24 PAB1.24	$1.51 DKK9.93	+21.9%
Tomatoes (1 lb)	$1.40 PAB1.40	$2.12 DKK13.91	+51.4%
Potatoes (1 lb)	$0.98 PAB0.98	$1.07 DKK7.03	+8.7%
Onions (1 lb)	$1.15 PAB1.15	$0.90 DKK5.94	-21.1%
Average			+30.9%

Panama City vs. Copenhagen - Cost of groceries

Improve prices · Change currency (USD)

pay 2.5 times more for transportation

	Panama City	Copenhagen
Gasoline (1 gallon)	$3.69 PAB3.69	$7.78 DKK51.16	+110.9%
Monthly public transit pass	$25.00 PAB25.00	$100.30 DKK659.38	+301.2%
New Volkswagen Golf 1.4 (standard edition)	$19,750.00 PAB19,750.00	$50,303.99 DKK330,688.40	+154.7%
Taxi trip in downtown area (5 miles)	$16.71 PAB16.71	$24.43 DKK160.62	+46.3%
Average			+153.3%

Panama City vs. Copenhagen - Cost of transportation

Improve prices · Change currency (USD)

pay 40.9% more for housing

	Panama City	Copenhagen
Internet connection 50 mbps or faster, cable/dsl	$52.10 PAB52.10	$36.84 DKK242.18	-29.3%
1-Bedroom apartment in downtown area	$1,023.81 PAB1,023.81	$1,691.68 DKK11,120.74	+65.2%
1-Bedroom apartment outside city center	$755.88 PAB755.88	$1,264.98 DKK8,315.75	+67.4%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$94.84 PAB94.84	$151.98 DKK999.09	+60.2%
Average			+40.9%

Panama City vs. Copenhagen - Cost of housing

Improve prices · Change currency (USD)

pay 28.5% more for childcare

	Panama City	Copenhagen
Private preschool for 1 child, monthly	$439.17 PAB439.17	$580.24 DKK3,814.40	+32.1%
Middle school for 1 child, two semesters	$10,092.67 PAB10,092.67	$12,599.95 DKK82,829.57	+24.8%
Average			+28.5%

Panama City vs. Copenhagen - Cost of childcare

Improve prices · Change currency (USD)

pay 96.7% more for entertainment and sports

	Panama City	Copenhagen
Domestic/local beer (1 pint)	$3.00 PAB3.00	$8.62 DKK56.69	+187.5%
Cappuccino in mid-range area	$3.59 PAB3.59	$6.19 DKK40.70	+72.5%
Pack of cigarettes Marlboro or similar	$5.50 PAB5.50	$9.05 DKK59.52	+64.6%
Monthly membership at local gym	$47.27 PAB47.27	$43.41 DKK285.34	-8.2%
Movie ticket to theater/cinema	$7.00 PAB7.00	$18.68 DKK122.83	+166.9%
Average			+96.7%

Panama City vs. Copenhagen - Cost of entertainment and sports

Improve prices · Change currency (USD)

pay 60.7% more for clothing

	Panama City	Copenhagen
Regular jeans Levi's brand	$53.91 PAB53.91	$115.64 DKK760.21	+114.5%
Regular dress from H&M or similar store	$37.78 PAB37.78	$48.78 DKK320.70	+29.1%
Running shoes Nike or Adidas	$87.62 PAB87.62	$121.38 DKK797.90	+38.5%
Men's business shoes (leather)	$108.75 PAB108.75	$174.89 DKK1,149.67	+60.8%
Average			+60.7%

Panama City vs. Copenhagen - Cost of clothing

Improve prices · Change currency (USD)

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

More cost comparisons

Panama City vs.

Wellington

Panama City vs.

Vienna

Panama City vs.

Mexico City

Panama City vs.

Athens

Panama City vs.

Ottawa

Panama City vs.

Singapore

Panama City vs.

Manila

Panama City vs.

Bangkok

Share this

Compare countries by overall cost of living

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

Help us improve these prices

MyLifeElsewhere is a collaborative project. Please enter price information for your location to help assist us in making these comparisons more accurate. Learn more

Add prices for Panama City

Add prices for Copenhagen

ASK THE ELSEWHERE COMMUNITY

Join the Elsewhere community and ask a question about Copenhagen or Panama City. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.