Cost of living comparison

 Port Of Spain, Trinidad and Tobago
compared to
 Panama City, Panama
Panama City vs. Port Of Spain Cost of Living Summary

Panama City is 26.0% more expensive than Port Of Spain.

Restaurants
pay 50.4% more in Panama City
Groceries
pay 5.1% less in Panama City
Transportation
pay 18.3% less in Panama City
Housing
pay 51.3% more in Panama City
Childcare
pay 2.0 times more in Panama City
Entertainment and Sports
pay 7.7% more in Panama City
Clothing
pay 6.5% less in Panama City

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

Panama City vs. Port Of Spain Cost Breakdown

If you lived in Panama City instead of Port Of Spain, you would:

pay 50.4% more for restaurants

 
Port Of Spain
Panama City
Basic meal with drink at inexpensive restaurant $10.24
TTD69.56
$13.25
PAB13.25
Fast food combo meal
McDonalds, or similar
$7.31
TTD49.68
$8.00
PAB8.00
Bottle of Coca-Cola (11 fl. oz) $0.98
TTD6.66
$1.86
PAB1.86

Improve prices ·

pay 5.1% less for groceries

 
Port Of Spain
Panama City
Bread
1 loaf
$2.57
TTD17.47
$2.51
PAB2.51
Local cheese (8 oz) $3.93
TTD26.69
$6.39
PAB6.39
Milk (1 gallon) $9.37
TTD63.64
$6.80
PAB6.80

Improve prices ·

pay 18.3% less for transportation

 
Port Of Spain
Panama City
Gasoline (1 gallon) $4.10
TTD27.85
$3.69
PAB3.69
Monthly public transit pass $96.55
TTD655.81
$25.00
PAB25.00
New Volkswagen Golf 1.4 (standard edition) $33,646.13
TTD228,539.42
$19,750.00
PAB19,750.00

Improve prices ·

pay 51.3% more for housing

 
Port Of Spain
Panama City
Internet connection
50 mbps or faster, cable/dsl
$57.56
TTD391.00
$52.10
PAB52.10
1-Bedroom apartment in downtown area $638.18
TTD4,334.80
$1,023.81
PAB1,023.81
1-Bedroom apartment outside city center $426.67
TTD2,898.14
$755.88
PAB755.88

Improve prices ·

pay 2.0 times more for childcare

 
Port Of Spain
Panama City
Private preschool for 1 child, monthly $229.42
TTD1,558.29
$439.17
PAB439.17
Middle school for 1 child, two semesters $4,719.60
TTD32,057.62
$10,092.67
PAB10,092.67

Improve prices ·

pay 7.7% more for entertainment and sports

 
Port Of Spain
Panama City
Domestic/local beer (1 pint) $1.76
TTD11.92
$3.00
PAB3.00
Cappuccino in mid-range area $3.57
TTD24.23
$3.59
PAB3.59
Pack of cigarettes
Marlboro or similar
$5.85
TTD39.75
$5.50
PAB5.50

Improve prices ·

pay 6.5% less for clothing

 
Port Of Spain
Panama City
Regular jeans
Levi's brand
$55.89
TTD379.66
$53.91
PAB53.91
Regular dress
from H&M or similar store
$40.64
TTD276.01
$37.78
PAB37.78
Running shoes
Nike or Adidas
$104.84
TTD712.12
$87.62
PAB87.62

Improve prices ·
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: July 2025
Share this

Compare countries by overall cost of living

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

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

ASK THE ELSEWHERE COMMUNITY

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