Cost of living comparison

Panama City, Panama

compared to

Gibraltar, Gibraltar

Gibraltar vs. Panama City Cost of Living Summary

Gibraltar is 39.4% more expensive than Panama City.

Restaurants: pay 36.6% more in Gibraltar
Groceries: pay 21.0% more in Gibraltar
Transportation: pay 27.2% more in Gibraltar
Housing: pay 42.4% more in Gibraltar
Childcare: pay 70.8% more in Gibraltar
Entertainment and Sports: pay 32.7% more in Gibraltar
Clothing: pay 45.0% more in Gibraltar

The cost of childcare, clothing, housing, restaurants, entertainment and sports, and transportation in Gibraltar are more expensive than in Panama City.

Gibraltar vs. Panama City Cost Breakdown

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

Display currency: USD

pay 36.6% more for restaurants

	Panama City	Gibraltar
Basic meal with drink at inexpensive restaurant	$13.25 PAB13.25	$20.66 GIP15.36	+56.0%
Fast food combo meal McDonalds, or similar	$8.00 PAB8.00	$10.98 GIP8.16	+37.2%
Bottle of Coca-Cola (11 fl. oz)	$1.86 PAB1.86	$2.15 GIP1.60	+16.0%
Bottle of water (11 fl. oz)	$1.41 PAB1.41	$1.94 GIP1.44	+37.3%
Average			+36.6%

Panama City vs. Gibraltar - Cost of restaurants

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pay 21.0% more for groceries

	Panama City	Gibraltar
Bread 1 loaf	$2.51 PAB2.51	$1.78 GIP1.32	-29.2%
Local cheese (8 oz)	$6.39 PAB6.39	$4.65 GIP3.46	-27.2%
Milk (1 gallon)	$6.80 PAB6.80	$8.40 GIP6.24	+23.5%
Eggs 1 dozen	$2.68 PAB2.68	$3.80 GIP2.82	+41.9%
Boneless chicken breast (1 lb)	$3.41 PAB3.41	$3.99 GIP2.96	+17.0%
Apples (1 lb)	$1.48 PAB1.48	$1.83 GIP1.36	+23.5%
Bananas (1 lb)	$0.72 PAB0.72	$1.61 GIP1.20	+122.8%
Oranges (1 lb)	$1.24 PAB1.24	$1.86 GIP1.38	+49.6%
Tomatoes (1 lb)	$1.40 PAB1.40	$1.76 GIP1.31	+25.8%
Potatoes (1 lb)	$0.98 PAB0.98	$1.05 GIP0.78	+6.7%
Onions (1 lb)	$1.15 PAB1.15	$0.88 GIP0.66	-23.0%
Average			+21.0%

Panama City vs. Gibraltar - Cost of groceries

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pay 27.2% more for transportation

	Panama City	Gibraltar
Gasoline (1 gallon)	$3.69 PAB3.69	$5.96 GIP4.43	+61.4%
Monthly public transit pass	$25.00 PAB25.00	$8.33 GIP6.19	-66.7%
New Volkswagen Golf 1.4 (standard edition)	$19,750.00 PAB19,750.00	$31,804.11 GIP23,635.64	+61.0%
Taxi trip in downtown area (5 miles)	$16.71 PAB16.71	$25.57 GIP19.00	+53.1%
Average			+27.2%

Panama City vs. Gibraltar - Cost of transportation

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pay 42.4% more for housing

	Panama City	Gibraltar
Internet connection 50 mbps or faster, cable/dsl	$52.10 PAB52.10	$54.78 GIP40.71	+5.1%
1-Bedroom apartment in downtown area	$1,023.81 PAB1,023.81	$1,685.73 GIP1,252.77	+64.7%
1-Bedroom apartment outside city center	$755.88 PAB755.88	$1,569.58 GIP1,166.45	+107.6%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$94.84 PAB94.84	$87.28 GIP64.87	-8.0%
Average			+42.4%

Panama City vs. Gibraltar - Cost of housing

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pay 70.8% more for childcare

	Panama City	Gibraltar
Private preschool for 1 child, monthly	$439.17 PAB439.17	$825.15 GIP613.22	+87.9%
Middle school for 1 child, two semesters	$10,092.67 PAB10,092.67	$15,498.45 GIP11,517.87	+53.6%
Average			+70.8%

Panama City vs. Gibraltar - Cost of childcare

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pay 32.7% more for entertainment and sports

	Panama City	Gibraltar
Domestic/local beer (1 pint)	$3.00 PAB3.00	$5.17 GIP3.84	+72.2%
Cappuccino in mid-range area	$3.59 PAB3.59	$3.14 GIP2.33	-12.6%
Pack of cigarettes Marlboro or similar	$5.50 PAB5.50	$4.65 GIP3.46	-15.5%
Monthly membership at local gym	$47.27 PAB47.27	$76.95 GIP57.19	+62.8%
Movie ticket to theater/cinema	$7.00 PAB7.00	$10.98 GIP8.16	+56.8%
Average			+32.7%

Panama City vs. Gibraltar - Cost of entertainment and sports

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pay 45.0% more for clothing

	Panama City	Gibraltar
Regular jeans Levi's brand	$53.91 PAB53.91	$128.35 GIP95.38	+138.1%
Regular dress from H&M or similar store	$37.78 PAB37.78	$42.78 GIP31.79	+13.2%
Running shoes Nike or Adidas	$87.62 PAB87.62	$130.95 GIP97.32	+49.5%
Men's business shoes (leather)	$108.75 PAB108.75	$86.10 GIP63.99	-20.8%
Average			+45.0%

Panama City vs. Gibraltar - 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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