Cost of Living Comparison Between Panama City and Miami, FL 
| Indices Difference |  |
|---|---|
| Cost of Living in Miami, FL is 62.0% higher than in Panama City (without rent) | |
| Cost of Living Including Rent in Miami, FL is 102.6% higher than in Panama City | |
| Rent Prices in Miami, FL are 190.8% higher than in Panama City | |
| Restaurant Prices in Miami, FL are 80.6% higher than in Panama City | |
| Groceries Prices in Miami, FL are 54.3% higher than in Panama City | |
| Local Purchasing Power in Miami, FL is 158.0% higher than in Panama City | |
Restaurants | Panama City Edit |
Miami, FL Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant | 11.75 $ | 25.00 $ | +112.8 % |
| Meal for 2 People, Mid-range Restaurant, Three-course | 60.00 $ | 100.00 $ | +66.7 % |
| McMeal at McDonalds (or Equivalent Combo Meal) | 8.00 $ | 12.00 $ | +50.0 % |
| Domestic Beer (1 pint draught) | 3.00 $ | 7.00 $ | +133.3 % |
| Imported Beer (12 oz small bottle) | 4.00 $ | 8.00 $ | +100.0 % |
| Cappuccino (regular) | 3.68 $ | 4.96 $ | +34.5 % |
| Coke/Pepsi (12 oz small bottle) | 1.77 $ | 2.85 $ | +61.1 % |
| Water (12 oz small bottle) | 1.33 $ | 2.26 $ | +69.9 % |
Markets | Panama City Edit |
Miami, FL Edit | |
| Milk (regular), (1 gallon) | 6.75 $ | 4.33 $ | -35.9 % |
| Loaf of Fresh White Bread (1 lb) | 2.26 $ | 3.31 $ | +46.6 % |
| Rice (white), (1 lb) | 0.97 $ | 2.11 $ | +117.6 % |
| Eggs (regular) (12) | 2.62 $ | 4.09 $ | +56.1 % |
| Local Cheese (1 lb) | 5.27 $ | 6.54 $ | +24.1 % |
| Chicken Fillets (1 lb) | 3.46 $ | 5.53 $ | +60.1 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) | 4.22 $ | 7.28 $ | +72.5 % |
| Apples (1 lb) | 1.38 $ | 2.94 $ | +112.5 % |
| Banana (1 lb) | 0.68 $ | 0.82 $ | +21.5 % |
| Oranges (1 lb) | 1.24 $ | 2.07 $ | +67.6 % |
| Tomato (1 lb) | 1.39 $ | 2.11 $ | +51.3 % |
| Potato (1 lb) | 0.94 $ | 1.14 $ | +20.4 % |
| Onion (1 lb) | 0.99 $ | 1.55 $ | +56.6 % |
| Lettuce (1 head) | 2.08 $ | 2.92 $ | +40.5 % |
| Water (1.5 liter bottle) | 1.51 $ | 2.31 $ | +53.1 % |
| Bottle of Wine (Mid-Range) | 9.00 $ | 15.00 $ | +66.7 % |
| Domestic Beer (0.5 liter bottle) | 1.21 $ | 2.03 $ | +68.6 % |
| Imported Beer (12 oz small bottle) | 1.95 $ | 2.33 $ | +19.9 % |
| Cigarettes 20 Pack (Marlboro) | 5.88 $ | 9.45 $ | +60.9 % |
Transportation | Panama City Edit |
Miami, FL Edit | |
| One-way Ticket (Local Transport) | 0.35 $ | 2.25 $ | +542.9 % |
| Monthly Pass (Regular Price) | 25.00 $ | 113.75 $ | +355.0 % |
| Taxi Start (Normal Tariff) | 2.25 $ | 2.98 $ | +32.2 % |
| Taxi 1 mile (Normal Tariff) | 2.62 $ | 2.10 $ | -19.7 % |
| Taxi 1hour Waiting (Normal Tariff) | 21.00 $ | 24.00 $ | +14.3 % |
| Gasoline (1 gallon) | 3.69 $ | 3.51 $ | -4.9 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) | 22,250.00 $ | 35,000.00 $ | +57.3 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) | 20,494.44 $ | 24,844.08 $ | +21.2 % |
Utilities (Monthly) | Panama City Edit |
Miami, FL Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment | 120.76 $ | 167.28 $ | +38.5 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data | 29.38 $ | 63.16 $ | +115.0 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | 51.69 $ | 62.93 $ | +21.7 % |
Sports And Leisure | Panama City Edit |
Miami, FL Edit | |
| Fitness Club, Monthly Fee for 1 Adult | 42.92 $ | 75.93 $ | +76.9 % |
| Tennis Court Rent (1 Hour on Weekend) | 22.50 $ | 23.86 $ | +6.0 % |
| Cinema, International Release, 1 Seat | 7.00 $ | 15.50 $ | +121.4 % |
Childcare | Panama City Edit |
Miami, FL Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child | 414.38 $ | 1,162.50 $ | +180.5 % |
| International Primary School, Yearly for 1 Child | 9,058.00 $ | 28,333.33 $ | +212.8 % |
Clothing And Shoes | Panama City Edit |
Miami, FL Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) | 53.69 $ | 49.80 $ | -7.2 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) | 40.42 $ | 53.89 $ | +33.3 % |
| 1 Pair of Nike Running Shoes (Mid-Range) | 86.19 $ | 83.06 $ | -3.6 % |
| 1 Pair of Men Leather Business Shoes | 105.91 $ | 100.77 $ | -4.9 % |
Rent Per Month | Panama City Edit |
Miami, FL Edit | |
| Apartment (1 bedroom) in City Centre | 939.05 $ | 2,778.80 $ | +195.9 % |
| Apartment (1 bedroom) Outside of Centre | 620.83 $ | 2,106.60 $ | +239.3 % |
| Apartment (3 bedrooms) in City Centre | 1,991.67 $ | 5,454.82 $ | +173.9 % |
| Apartment (3 bedrooms) Outside of Centre | 1,303.12 $ | 3,779.15 $ | +190.0 % |
Buy Apartment Price | Panama City Edit |
Miami, FL Edit | |
| Price per Square Feet to Buy Apartment in City Centre | 235.74 $ | 605.52 $ | +156.9 % |
| Price per Square Feet to Buy Apartment Outside of Centre | 142.45 $ | 370.66 $ | +160.2 % |
Salaries And Financing | Panama City Edit |
Miami, FL Edit | |
| Average Monthly Net Salary (After Tax) | 886.76 $ | 4,635.17 $ | +422.7 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.02 | 6.61 | +9.7 % |
| Last update: | June 2024 | June 2024 | |
| Contributors in the past 12 months: | 91 | 154 |
Moving to Miami, FL? Explore:
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| Cost of Living in Tocumen | 15.44 miles |
| Cost of Living in Pacora | 19.85 miles |
| Cost of Living in El Coco | 33.93 miles |
| Cost of Living in Aguadulce | 127.78 miles |
| Cost of Living in Santiago | 161.98 miles |
Cities near Miami, FL: | Cost of Living in Fort Lauderdale, Florida | 27.52 miles |
| Cost of Living in Deerfield Beach, Florida | 41.37 miles |
| Cost of Living in Boynton Beach, Florida | 56.57 miles |
| Cost of Living in West Palm Beach, Florida | 70.25 miles |
| Cost of Living in Port St Lucie, Florida | 111.85 miles |
| Cost of Living in Naples, Florida | 123.55 miles |
| Cost of Living in Fort Myers, Florida | 156.10 miles |
| Cost of Living in Venice, Florida | 213.33 miles |
| Cost of Living in Orlando, Florida | 234.00 miles |