Cost of living comparison

Panama City, Panama

compared to

Montevideo, Uruguay

Montevideo vs. Panama City Cost of Living Summary

Montevideo is 14.5% more expensive than Panama City.

Restaurants: pay 9.8% more in Montevideo
Groceries: pay 0.4% more in Montevideo
Transportation: pay 85.7% more in Montevideo
Housing: pay 24.8% less in Montevideo
Childcare: pay 15.4% less in Montevideo
Entertainment and Sports: pay 15.6% more in Montevideo
Clothing: pay 30.4% more in Montevideo

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

Montevideo vs. Panama City Cost Breakdown

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

Display currency: USD

pay 9.8% more for restaurants

	Panama City	Montevideo
Basic meal with drink at inexpensive restaurant	$13.25 PAB13.25	$14.37 UYU622.25	+8.5%
Fast food combo meal McDonalds, or similar	$8.00 PAB8.00	$9.64 UYU417.43	+20.5%
Bottle of Coca-Cola (11 fl. oz)	$1.86 PAB1.86	$1.93 UYU83.54	+3.9%
Bottle of water (11 fl. oz)	$1.41 PAB1.41	$1.50 UYU65.02	+6.4%
Average			+9.8%

Panama City vs. Montevideo - Cost of restaurants

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pay 0.4% more for groceries

	Panama City	Montevideo
Bread 1 loaf	$2.51 PAB2.51	$2.66 UYU115.22	+6.2%
Local cheese (8 oz)	$6.39 PAB6.39	$6.01 UYU260.19	-5.9%
Milk (1 gallon)	$6.80 PAB6.80	$4.25 UYU183.79	-37.6%
Eggs 1 dozen	$2.68 PAB2.68	$4.43 UYU191.94	+65.7%
Boneless chicken breast (1 lb)	$3.41 PAB3.41	$4.29 UYU185.79	+26.0%
Apples (1 lb)	$1.48 PAB1.48	$1.24 UYU53.85	-16.1%
Bananas (1 lb)	$0.72 PAB0.72	$1.01 UYU43.60	+39.3%
Oranges (1 lb)	$1.24 PAB1.24	$0.64 UYU27.70	-48.4%
Tomatoes (1 lb)	$1.40 PAB1.40	$1.66 UYU71.87	+18.8%
Potatoes (1 lb)	$0.98 PAB0.98	$0.84 UYU36.21	-15.0%
Onions (1 lb)	$1.15 PAB1.15	$0.82 UYU35.53	-28.4%
Average			+0.4%

Panama City vs. Montevideo - Cost of groceries

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pay 85.7% more for transportation

	Panama City	Montevideo
Gasoline (1 gallon)	$3.69 PAB3.69	$6.92 UYU299.48	+87.5%
Monthly public transit pass	$25.00 PAB25.00	$47.91 UYU2,074.17	+91.7%
New Volkswagen Golf 1.4 (standard edition)	$19,750.00 PAB19,750.00	$35,934.74 UYU1,555,627.26	+81.9%
Taxi trip in downtown area (5 miles)	$16.71 PAB16.71	$30.38 UYU1,315.02	+81.8%
Average			+85.7%

Panama City vs. Montevideo - Cost of transportation

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pay 24.8% less for housing

	Panama City	Montevideo
Internet connection 50 mbps or faster, cable/dsl	$52.10 PAB52.10	$43.60 UYU1,887.29	-16.3%
1-Bedroom apartment in downtown area	$1,023.81 PAB1,023.81	$578.38 UYU25,038.19	-43.5%
1-Bedroom apartment outside city center	$755.88 PAB755.88	$419.05 UYU18,140.99	-44.6%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$94.84 PAB94.84	$99.70 UYU4,315.89	+5.1%
Average			-24.8%

Panama City vs. Montevideo - Cost of housing

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pay 15.4% less for childcare

	Panama City	Montevideo
Private preschool for 1 child, monthly	$439.17 PAB439.17	$386.12 UYU16,715.41	-12.1%
Middle school for 1 child, two semesters	$10,092.67 PAB10,092.67	$8,206.60 UYU355,266.48	-18.7%
Average			-15.4%

Panama City vs. Montevideo - Cost of childcare

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pay 15.6% more for entertainment and sports

	Panama City	Montevideo
Domestic/local beer (1 pint)	$3.00 PAB3.00	$3.42 UYU147.90	+13.9%
Cappuccino in mid-range area	$3.59 PAB3.59	$3.79 UYU163.90	+5.5%
Pack of cigarettes Marlboro or similar	$5.50 PAB5.50	$5.03 UYU217.79	-8.5%
Monthly membership at local gym	$47.27 PAB47.27	$58.44 UYU2,529.87	+23.6%
Movie ticket to theater/cinema	$7.00 PAB7.00	$10.06 UYU435.58	+43.7%
Average			+15.6%

Panama City vs. Montevideo - Cost of entertainment and sports

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pay 30.4% more for clothing

	Panama City	Montevideo
Regular jeans Levi's brand	$53.91 PAB53.91	$93.83 UYU4,061.73	+74.0%
Regular dress from H&M or similar store	$37.78 PAB37.78	$44.64 UYU1,932.30	+18.2%
Running shoes Nike or Adidas	$87.62 PAB87.62	$109.94 UYU4,759.23	+25.5%
Men's business shoes (leather)	$108.75 PAB108.75	$113.02 UYU4,892.46	+3.9%
Average			+30.4%

Panama City vs. Montevideo - 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: April 2025

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