Cost of living comparison
George Town is 2.5 times more expensive than Panama City.
If you lived in George Town instead of Panama City, you would:
pay 2.1 times more for restaurants
|
Panama City
|
George Town
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$12.00
PAB12.00
|
$30.00
KYD24.97
|
|
|
Fast food combo meal
McDonalds, or similar
|
$8.25
PAB8.25
|
$15.00
KYD12.49
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$1.76
PAB1.76
|
$3.53
KYD2.94
|
|
| Bottle of water (11 fl. oz) |
$1.33
PAB1.33
|
$2.73
KYD2.28
|
|
pay 2.5 times more for groceries
|
Panama City
|
George Town
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.40
PAB2.40
|
$4.68
KYD3.90
|
|
| Local cheese (8 oz) |
$5.44
PAB5.44
|
$6.58
KYD5.47
|
|
| Milk (1 gallon) |
$6.66
PAB6.66
|
$12.11
KYD10.08
|
|
|
Eggs
1 dozen
|
$2.54
PAB2.54
|
$8.61
KYD7.16
|
|
| Boneless chicken breast (1 lb) |
$3.39
PAB3.39
|
$5.48
KYD4.56
|
|
| Apples (1 lb) |
$1.40
PAB1.40
|
$4.58
KYD3.81
|
|
| Bananas (1 lb) |
$0.62
PAB0.62
|
$1.77
KYD1.47
|
|
| Oranges (1 lb) |
$1.30
PAB1.30
|
$3.37
KYD2.81
|
|
| Tomatoes (1 lb) |
$1.41
PAB1.41
|
$3.78
KYD3.15
|
|
| Potatoes (1 lb) |
$0.94
PAB0.94
|
$3.11
KYD2.59
|
|
| Onions (1 lb) |
$0.97
PAB0.97
|
$2.46
KYD2.05
|
|
pay 2.5 times more for transportation
|
Panama City
|
George Town
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$3.69
PAB3.69
|
$6.98
KYD5.81
|
|
| Monthly public transit pass |
$25.00
PAB25.00
|
$30.00
KYD24.97
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$22,250.00
PAB22,250.00
|
$39,004.13
KYD32,464.31
|
|
| Taxi trip in downtown area (5 miles) |
$14.00
PAB14.00
|
$72.01
KYD59.93
|
|
pay 3.1 times more for housing
|
Panama City
|
George Town
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$51.82
PAB51.82
|
$114.70
KYD95.47
|
|
| 1-Bedroom apartment in downtown area |
$925.91
PAB925.91
|
$2,700.29
KYD2,247.53
|
|
| 1-Bedroom apartment outside city center |
$598.61
PAB598.61
|
$2,228.81
KYD1,855.10
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$86.14
PAB86.14
|
$317.39
KYD264.17
|
|
pay 3.0 times more for childcare
|
Panama City
|
George Town
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$408.12
PAB408.12
|
$1,400.15
KYD1,165.39
|
|
| Middle school for 1 child, two semesters |
$9,675.75
PAB9,675.75
|
$24,778.63
KYD20,623.99
|
|
pay 2.3 times more for entertainment and sports
|
Panama City
|
George Town
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$2.50
PAB2.50
|
$7.20
KYD5.99
|
|
| Cappuccino in mid-range area |
$3.70
PAB3.70
|
$6.44
KYD5.36
|
|
|
Pack of cigarettes
Marlboro or similar
|
$5.75
PAB5.75
|
$14.40
KYD11.99
|
|
| Monthly membership at local gym |
$40.93
PAB40.93
|
$73.67
KYD61.32
|
|
| Movie ticket to theater/cinema |
$7.00
PAB7.00
|
$18.00
KYD14.98
|
|
pay 92.5% more for clothing
|
Panama City
|
George Town
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$53.94
PAB53.94
|
$85.51
KYD71.17
|
|
|
Regular dress
from H&M or similar store
|
$40.79
PAB40.79
|
$112.01
KYD93.23
|
|
|
Running shoes
Nike or Adidas
|
$82.58
PAB82.58
|
$132.97
KYD110.68
|
|
| Men's business shoes (leather) |
$92.86
PAB92.86
|
$163.52
KYD136.10
|
|
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