Cost of living comparison

Tokyo, Japan

compared to

Panama City, Panama

Panama City vs. Tokyo Cost of Living Summary

Panama City is 5.6% more expensive than Tokyo.

Restaurants: pay 78.2% more in Panama City
Groceries: pay 9.6% less in Panama City
Transportation: pay 30.8% less in Panama City
Housing: pay 13.8% more in Panama City
Childcare: pay 24.0% less in Panama City
Entertainment and Sports: pay 6.9% less in Panama City
Clothing: pay 18.6% more in Panama City

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

Panama City vs. Tokyo Cost Breakdown

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

Display currency: USD

pay 78.2% more for restaurants

	Tokyo	Panama City
Basic meal with drink at inexpensive restaurant	$6.51 ¥935	$13.25 PAB13.25	+103.4%
Fast food combo meal McDonalds, or similar	$5.21 ¥748	$8.00 PAB8.00	+53.5%
Bottle of Coca-Cola (11 fl. oz)	$1.12 ¥160	$1.86 PAB1.86	+66.3%
Bottle of water (11 fl. oz)	$0.75 ¥107	$1.41 PAB1.41	+89.4%
Average			+78.2%

Tokyo vs. Panama City - Cost of restaurants

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pay 9.6% less for groceries

	Tokyo	Panama City
Bread 1 loaf	$1.63 ¥234	$2.51 PAB2.51	+53.4%
Local cheese (8 oz)	$7.01 ¥1,006	$6.39 PAB6.39	-8.9%
Milk (1 gallon)	$5.89 ¥845	$6.80 PAB6.80	+15.5%
Eggs 1 dozen	$2.09 ¥299	$2.68 PAB2.68	+28.3%
Boneless chicken breast (1 lb)	$3.26 ¥468	$3.41 PAB3.41	+4.4%
Apples (1 lb)	$2.38 ¥341	$1.48 PAB1.48	-37.7%
Bananas (1 lb)	$1.06 ¥153	$0.72 PAB0.72	-32.1%
Oranges (1 lb)	$2.65 ¥380	$1.24 PAB1.24	-53.2%
Tomatoes (1 lb)	$2.42 ¥347	$1.40 PAB1.40	-42.2%
Potatoes (1 lb)	$1.29 ¥185	$0.98 PAB0.98	-23.8%
Onions (1 lb)	$1.26 ¥181	$1.15 PAB1.15	-9.2%
Average			-9.6%

Tokyo vs. Panama City - Cost of groceries

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pay 30.8% less for transportation

	Tokyo	Panama City
Gasoline (1 gallon)	$4.42 ¥634	$3.69 PAB3.69	-16.5%
Monthly public transit pass	$58.62 ¥8,412	$25.00 PAB25.00	-57.4%
New Volkswagen Golf 1.4 (standard edition)	$21,767.76 ¥3,123,782	$19,750.00 PAB19,750.00	-9.3%
Taxi trip in downtown area (5 miles)	$27.88 ¥4,001	$16.71 PAB16.71	-40.1%
Average			-30.8%

Tokyo vs. Panama City - Cost of transportation

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pay 13.8% more for housing

	Tokyo	Panama City
Internet connection 50 mbps or faster, cable/dsl	$31.86 ¥4,572	$52.10 PAB52.10	+63.5%
1-Bedroom apartment in downtown area	$1,120.28 ¥160,765	$1,023.81 PAB1,023.81	-8.6%
1-Bedroom apartment outside city center	$582.98 ¥83,660	$755.88 PAB755.88	+29.7%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$134.03 ¥19,234	$94.84 PAB94.84	-29.2%
Average			+13.8%

Tokyo vs. Panama City - Cost of housing

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pay 24.0% less for childcare

	Tokyo	Panama City
Private preschool for 1 child, monthly	$533.29 ¥76,530	$439.17 PAB439.17	-17.7%
Middle school for 1 child, two semesters	$14,506.96 ¥2,081,820	$10,092.67 PAB10,092.67	-30.4%
Average			-24.0%

Tokyo vs. Panama City - Cost of childcare

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pay 6.9% less for entertainment and sports

	Tokyo	Panama City
Domestic/local beer (1 pint)	$3.26 ¥467	$3.00 PAB3.00	-7.9%
Cappuccino in mid-range area	$3.40 ¥488	$3.59 PAB3.59	+5.5%
Pack of cigarettes Marlboro or similar	$3.91 ¥561	$5.50 PAB5.50	+40.7%
Monthly membership at local gym	$67.16 ¥9,637	$47.27 PAB47.27	-29.6%
Movie ticket to theater/cinema	$12.38 ¥1,776	$7.00 PAB7.00	-43.4%
Average			-6.9%

Tokyo vs. Panama City - Cost of entertainment and sports

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pay 18.6% more for clothing

	Tokyo	Panama City
Regular jeans Levi's brand	$52.60 ¥7,548	$53.91 PAB53.91	+2.5%
Regular dress from H&M or similar store	$36.87 ¥5,291	$37.78 PAB37.78	+2.5%
Running shoes Nike or Adidas	$63.41 ¥9,100	$87.62 PAB87.62	+38.2%
Men's business shoes (leather)	$82.89 ¥11,895	$108.75 PAB108.75	+31.2%
Average			+18.6%

Tokyo 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: April 2025

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