Cost of Living Comparison Between Panama City and Miami, FL 
| Indices Difference |  |
|---|---|
| Consumer Prices in Miami, FL are 55.7% higher than in Panama City (without rent) | |
| Consumer Prices Including Rent in Miami, FL are 99.1% higher than in Panama City | |
| Rent Prices in Miami, FL are 193.9% higher than in Panama City | |
| Restaurant Prices in Miami, FL are 78.9% higher than in Panama City | |
| Groceries Prices in Miami, FL are 42.8% higher than in Panama City | |
| Local Purchasing Power in Miami, FL is 150.0% higher than in Panama City | |
Restaurants | Panama City Edit |
Miami, FL Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant | 12.00 $ | 25.00 $ | +108.3 % |
| Meal for 2 People, Mid-range Restaurant, Three-course | 60.00 $ | 100.00 $ | +66.7 % |
| McMeal at McDonalds (or Equivalent Combo Meal) | 8.25 $ | 12.00 $ | +45.5 % |
| Domestic Beer (1 pint draught) | 2.50 $ | 7.00 $ | +180.0 % |
| Imported Beer (12 oz small bottle) | 4.00 $ | 8.00 $ | +100.0 % |
| Cappuccino (regular) | 3.70 $ | 4.82 $ | +30.0 % |
| Coke/Pepsi (12 oz small bottle) | 1.76 $ | 2.69 $ | +53.3 % |
| Water (12 oz small bottle) | 1.33 $ | 2.14 $ | +60.6 % |
Markets | Panama City Edit |
Miami, FL Edit | |
| Milk (regular), (1 gallon) | 6.66 $ | 4.42 $ | -33.7 % |
| Loaf of Fresh White Bread (1 lb) | 2.18 $ | 3.28 $ | +50.3 % |
| Rice (white), (1 lb) | 0.95 $ | 1.78 $ | +86.5 % |
| Eggs (regular) (12) | 2.54 $ | 3.89 $ | +52.7 % |
| Local Cheese (1 lb) | 4.93 $ | 6.05 $ | +22.7 % |
| Chicken Fillets (1 lb) | 3.39 $ | 4.75 $ | +40.1 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) | 4.06 $ | 6.50 $ | +59.8 % |
| Apples (1 lb) | 1.40 $ | 2.58 $ | +84.1 % |
| Banana (1 lb) | 0.62 $ | 0.86 $ | +37.6 % |
| Oranges (1 lb) | 1.30 $ | 1.68 $ | +29.7 % |
| Tomato (1 lb) | 1.41 $ | 2.03 $ | +44.3 % |
| Potato (1 lb) | 0.94 $ | 1.08 $ | +14.6 % |
| Onion (1 lb) | 0.97 $ | 1.38 $ | +41.3 % |
| Lettuce (1 head) | 2.18 $ | 2.56 $ | +17.5 % |
| Water (1.5 liter bottle) | 1.44 $ | 2.07 $ | +44.2 % |
| Bottle of Wine (Mid-Range) | 9.00 $ | 12.99 $ | +44.3 % |
| Domestic Beer (0.5 liter bottle) | 1.20 $ | 2.00 $ | +67.0 % |
| Imported Beer (12 oz small bottle) | 1.86 $ | 2.37 $ | +27.6 % |
| Cigarettes 20 Pack (Marlboro) | 5.75 $ | 9.00 $ | +56.5 % |
Transportation | Panama City Edit |
Miami, FL Edit | |
| One-way Ticket (Local Transport) | 0.35 $ | 2.25 $ | +542.9 % |
| Monthly Pass (Regular Price) | 25.00 $ | 115.00 $ | +360.0 % |
| Taxi Start (Normal Tariff) | 2.00 $ | 2.98 $ | +48.8 % |
| Taxi 1 mile (Normal Tariff) | 2.41 $ | 2.10 $ | -13.0 % |
| Taxi 1hour Waiting (Normal Tariff) | 20.00 $ | 24.00 $ | +20.0 % |
| Gasoline (1 gallon) | 3.69 $ | 3.48 $ | -5.9 % |
| 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 $ | 24,955.19 $ | +21.8 % |
Utilities (Monthly) | Panama City Edit |
Miami, FL Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment | 112.65 $ | 170.11 $ | +51.0 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data | 29.33 $ | 56.94 $ | +94.1 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | 51.82 $ | 61.83 $ | +19.3 % |
Sports And Leisure | Panama City Edit |
Miami, FL Edit | |
| Fitness Club, Monthly Fee for 1 Adult | 40.93 $ | 68.17 $ | +66.5 % |
| Tennis Court Rent (1 Hour on Weekend) | 25.00 $ | 23.86 $ | -4.6 % |
| Cinema, International Release, 1 Seat | 7.00 $ | 15.00 $ | +114.3 % |
Childcare | Panama City Edit |
Miami, FL Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child | 408.12 $ | 1,162.50 $ | +184.8 % |
| International Primary School, Yearly for 1 Child | 9,675.75 $ | 28,333.33 $ | +192.8 % |
Clothing And Shoes | Panama City Edit |
Miami, FL Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) | 53.94 $ | 46.50 $ | -13.8 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) | 40.79 $ | 43.12 $ | +5.7 % |
| 1 Pair of Nike Running Shoes (Mid-Range) | 82.58 $ | 80.28 $ | -2.8 % |
| 1 Pair of Men Leather Business Shoes | 92.86 $ | 96.67 $ | +4.1 % |
Rent Per Month | Panama City Edit |
Miami, FL Edit | |
| Apartment (1 bedroom) in City Centre | 925.91 $ | 2,784.86 $ | +200.8 % |
| Apartment (1 bedroom) Outside of Centre | 598.61 $ | 2,129.68 $ | +255.8 % |
| Apartment (3 bedrooms) in City Centre | 2,048.00 $ | 5,402.90 $ | +163.8 % |
| Apartment (3 bedrooms) Outside of Centre | 1,194.12 $ | 3,693.74 $ | +209.3 % |
Buy Apartment Price | Panama City Edit |
Miami, FL Edit | |
| Price per Square Feet to Buy Apartment in City Centre | 228.61 $ | 575.52 $ | +151.8 % |
| Price per Square Feet to Buy Apartment Outside of Centre | 135.37 $ | 359.55 $ | +165.6 % |
Salaries And Financing | Panama City Edit |
Miami, FL Edit | |
| Average Monthly Net Salary (After Tax) | 861.84 $ | 4,289.41 $ | +397.7 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.07 | 6.57 | +8.3 % |
| Last update: | April 2024 | April 2024 | |
| Contributors in the past 12 months: | 86 | 149 |
Moving to Miami, FL? Explore:
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| 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 |
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| 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 |