Cost of living comparison

compared to

Panama City vs. Praia Cost of Living Summary

Panama City is 53.7% more expensive than Praia.

Restaurants: pay 57.4% more in Panama City
Groceries: pay 5.3% less in Panama City
Transportation: pay 13.7% less in Panama City
Housing: pay 38.8% more in Panama City
Childcare: pay 3.5 times more in Panama City
Entertainment and Sports: pay 47.5% more in Panama City
Clothing: pay 2.3% less in Panama City

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

Panama City vs. Praia Cost Breakdown

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

Display currency: USD

pay 57.4% more for restaurants

	Praia	Panama City
Basic meal with drink at inexpensive restaurant	$4.86 CVE514.09	$13.25 PAB13.25	+172.6%
Fast food combo meal McDonalds, or similar	$6.32 CVE668.31	$8.00 PAB8.00	+26.6%
Bottle of Coca-Cola (11 fl. oz)	$1.78 CVE188.22	$1.86 PAB1.86	+4.4%
Bottle of water (11 fl. oz)	$1.12 CVE118.29	$1.41 PAB1.41	+26.2%
Average			+57.4%

Praia vs. Panama City - Cost of restaurants

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pay 5.3% less for groceries

	Praia	Panama City
Bread 1 loaf	$2.95 CVE311.95	$2.51 PAB2.51	-15.1%
Local cheese (8 oz)	$7.94 CVE840.04	$6.39 PAB6.39	-19.6%
Milk (1 gallon)	$4.78 CVE505.97	$6.80 PAB6.80	+42.1%
Eggs 1 dozen	$2.20 CVE232.37	$2.68 PAB2.68	+21.8%
Boneless chicken breast (1 lb)	$2.61 CVE276.33	$3.41 PAB3.41	+30.4%
Apples (1 lb)	$2.00 CVE211.11	$1.48 PAB1.48	-25.8%
Bananas (1 lb)	$1.32 CVE139.91	$0.72 PAB0.72	-45.4%
Oranges (1 lb)	$1.56 CVE164.78	$1.24 PAB1.24	-20.4%
Tomatoes (1 lb)	$2.23 CVE236.30	$1.40 PAB1.40	-37.5%
Potatoes (1 lb)	$1.21 CVE128.25	$0.98 PAB0.98	-18.9%
Onions (1 lb)	$0.88 CVE93.27	$1.15 PAB1.15	+29.9%
Average			-5.3%

Praia vs. Panama City - Cost of groceries

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pay 13.7% less for transportation

	Praia	Panama City
Gasoline (1 gallon)	$6.31 CVE667.29	$3.69 PAB3.69	-41.5%
Monthly public transit pass	$20.42 CVE2,159.16	$25.00 PAB25.00	+22.4%
New Volkswagen Golf 1.4 (standard edition)	$29,166.78 CVE3,084,519.61	$19,750.00 PAB19,750.00	-32.3%
Taxi trip in downtown area (5 miles)	$17.26 CVE1,825.01	$16.71 PAB16.71	-3.2%
Average			-13.7%

Praia vs. Panama City - Cost of transportation

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pay 38.8% more for housing

	Praia	Panama City
Internet connection 50 mbps or faster, cable/dsl	$51.28 CVE5,423.61	$52.10 PAB52.10	+1.6%
1-Bedroom apartment in downtown area	$583.34 CVE61,690.39	$1,023.81 PAB1,023.81	+75.5%
1-Bedroom apartment outside city center	$388.89 CVE41,126.93	$755.88 PAB755.88	+94.4%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$113.61 CVE12,014.65	$94.84 PAB94.84	-16.5%
Average			+38.8%

Praia vs. Panama City - Cost of housing

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pay 3.5 times more for childcare

	Praia	Panama City
Private preschool for 1 child, monthly	$110.42 CVE11,677.45	$439.17 PAB439.17	+297.7%
Middle school for 1 child, two semesters	$3,266.68 CVE345,466.20	$10,092.67 PAB10,092.67	+209.0%
Average			+253.3%

Praia vs. Panama City - Cost of childcare

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pay 47.5% more for entertainment and sports

	Praia	Panama City
Domestic/local beer (1 pint)	$2.48 CVE262.18	$3.00 PAB3.00	+21.0%
Cappuccino in mid-range area	$1.49 CVE157.43	$3.59 PAB3.59	+141.1%
Pack of cigarettes Marlboro or similar	$4.38 CVE462.68	$5.50 PAB5.50	+25.7%
Monthly membership at local gym	$36.46 CVE3,855.65	$47.27 PAB47.27	+29.7%
Movie ticket to theater/cinema	$5.83 CVE616.90	$7.00 PAB7.00	+20.0%
Average			+47.5%

Praia vs. Panama City - Cost of entertainment and sports

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pay 2.3% less for clothing

	Praia	Panama City
Regular jeans Levi's brand	$48.61 CVE5,140.87	$53.91 PAB53.91	+10.9%
Regular dress from H&M or similar store	$38.89 CVE4,112.69	$37.78 PAB37.78	-2.9%
Running shoes Nike or Adidas	$87.50 CVE9,253.56	$87.62 PAB87.62	+0.1%
Men's business shoes (leather)	$131.25 CVE13,880.34	$108.75 PAB108.75	-17.1%
Average			-2.3%

Praia vs. Panama City - 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: December 2024

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