Cost of living comparison
New York is 2.1 times more expensive than Panama overall.
- Restaurants
-
pay 67.2% more in New York
- Groceries
-
pay 43.5% more in New York
- Transportation
-
pay 90.8% more in New York
- Housing
-
pay 2.2 times more in New York
- Childcare
-
pay 4.4 times more in New York
- Entertainment and Sports
-
pay 2.2 times more in New York
- Clothing
-
pay 9.8% more in New York
The cost of childcare, entertainment and sports, housing, transportation, restaurants, and groceries in New York are more expensive than in Panama. Notably, childcare, entertainment and sports, and housing are significantly more expensive in New York.
If you lived in New York instead of Panama, you would:
pay 67.2% more for restaurants
|
Panama
|
New York
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$8.45
PAB8.45
|
$19.04
|
|
|
Fast food combo meal
McDonalds, or similar
|
$7.90
PAB7.90
|
$10.50
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$1.54
PAB1.54
|
$2.37
|
|
| Bottle of water (11 fl. oz) |
$1.17
PAB1.17
|
$1.83
|
|
pay 43.5% more for groceries
|
Panama
|
New York
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.19
PAB2.19
|
$3.74
|
|
| Local cheese (8 oz) |
$5.66
PAB5.66
|
$7.35
|
|
| Milk (1 gallon) |
$6.43
PAB6.43
|
$4.05
|
|
|
Eggs
1 dozen
|
$2.53
PAB2.53
|
$3.87
|
|
| Boneless chicken breast (1 lb) |
$3.54
PAB3.54
|
$5.18
|
|
| Apples (1 lb) |
$2.12
PAB2.12
|
$2.36
|
|
| Bananas (1 lb) |
$0.61
PAB0.61
|
$0.80
|
|
| Oranges (1 lb) |
$1.29
PAB1.29
|
$2.10
|
|
| Tomatoes (1 lb) |
$1.16
PAB1.16
|
$2.36
|
|
| Potatoes (1 lb) |
$0.98
PAB0.98
|
$1.54
|
|
| Onions (1 lb) |
$1.01
PAB1.01
|
$1.49
|
|
pay 90.8% more for transportation
|
Panama
|
New York
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$3.92
PAB3.92
|
$3.60
|
|
| Monthly public transit pass |
$25.00
PAB25.00
|
$97.65
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$18,916.67
PAB18,916.67
|
$31,535.81
|
|
| Taxi trip in downtown area (5 miles) |
$16.61
PAB16.61
|
$18.98
|
|
pay 2.2 times more for housing
|
Panama
|
New York
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$47.61
PAB47.61
|
$63.86
|
|
| 1-Bedroom apartment in downtown area |
$747.76
PAB747.76
|
$1,925.71
|
|
| 1-Bedroom apartment outside city center |
$567.84
PAB567.84
|
$1,646.33
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$69.20
PAB69.20
|
$138.03
|
|
pay 4.4 times more for childcare
|
Panama
|
New York
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$302.08
PAB302.08
|
$1,553.18
|
|
| Middle school for 1 child, two semesters |
$6,548.17
PAB6,548.17
|
$23,861.84
|
|
pay 2.2 times more for entertainment and sports
|
Panama
|
New York
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$1.95
PAB1.95
|
$6.09
|
|
| Cappuccino in mid-range area |
$3.39
PAB3.39
|
$4.84
|
|
|
Pack of cigarettes
Marlboro or similar
|
$5.38
PAB5.38
|
$13.68
|
|
| Monthly membership at local gym |
$57.20
PAB57.20
|
$63.42
|
|
| Movie ticket to theater/cinema |
$5.33
PAB5.33
|
$15.22
|
|
pay 9.8% more for clothing
|
Panama
|
New York
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$47.41
PAB47.41
|
$50.08
|
|
|
Regular dress
from H&M or similar store
|
$34.81
PAB34.81
|
$41.74
|
|
|
Running shoes
Nike or Adidas
|
$81.21
PAB81.21
|
$82.58
|
|
| Men's business shoes (leather) |
$100.42
PAB100.42
|
$112.43
|
|
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