Cost of Living Comparison Between Panama City and New York, NY 
| Indices Difference |  |
|---|---|
| Consumer Prices in New York, NY are 114.6% higher than in Panama City (without rent) | |
| Consumer Prices Including Rent in New York, NY are 182.2% higher than in Panama City | |
| Rent Prices in New York, NY are 330.1% higher than in Panama City | |
| Restaurant Prices in New York, NY are 118.7% higher than in Panama City | |
| Groceries Prices in New York, NY are 102.0% higher than in Panama City | |
| Local Purchasing Power in New York, NY is 142.7% higher than in Panama City | |
Restaurants | Panama City Edit |
New York, NY Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant | 12.00 $ | 30.00 $ | +150.0 % |
| Meal for 2 People, Mid-range Restaurant, Three-course | 60.00 $ | 130.00 $ | +116.7 % |
| McMeal at McDonalds (or Equivalent Combo Meal) | 8.25 $ | 12.00 $ | +45.5 % |
| Domestic Beer (1 pint draught) | 2.50 $ | 8.00 $ | +220.0 % |
| Imported Beer (12 oz small bottle) | 4.00 $ | 11.00 $ | +175.0 % |
| Cappuccino (regular) | 3.70 $ | 5.72 $ | +54.3 % |
| Coke/Pepsi (12 oz small bottle) | 1.76 $ | 3.17 $ | +80.5 % |
| Water (12 oz small bottle) | 1.33 $ | 2.33 $ | +74.8 % |
Markets | Panama City Edit |
New York, NY Edit | |
| Milk (regular), (1 gallon) | 6.66 $ | 5.65 $ | -15.2 % |
| Loaf of Fresh White Bread (1 lb) | 2.18 $ | 4.39 $ | +101.3 % |
| Rice (white), (1 lb) | 0.95 $ | 3.33 $ | +249.4 % |
| Eggs (regular) (12) | 2.54 $ | 5.22 $ | +105.1 % |
| Local Cheese (1 lb) | 4.93 $ | 7.64 $ | +54.9 % |
| Chicken Fillets (1 lb) | 3.39 $ | 7.05 $ | +108.1 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) | 4.06 $ | 8.99 $ | +121.2 % |
| Apples (1 lb) | 1.40 $ | 3.10 $ | +121.4 % |
| Banana (1 lb) | 0.62 $ | 0.95 $ | +52.2 % |
| Oranges (1 lb) | 1.30 $ | 2.53 $ | +95.1 % |
| Tomato (1 lb) | 1.41 $ | 2.86 $ | +103.7 % |
| Potato (1 lb) | 0.94 $ | 1.81 $ | +92.0 % |
| Onion (1 lb) | 0.97 $ | 1.69 $ | +73.2 % |
| Lettuce (1 head) | 2.18 $ | 3.01 $ | +38.3 % |
| Water (1.5 liter bottle) | 1.44 $ | 2.44 $ | +70.3 % |
| Bottle of Wine (Mid-Range) | 9.00 $ | 20.00 $ | +122.2 % |
| Domestic Beer (0.5 liter bottle) | 1.20 $ | 2.53 $ | +111.5 % |
| Imported Beer (12 oz small bottle) | 1.86 $ | 3.86 $ | +107.7 % |
| Cigarettes 20 Pack (Marlboro) | 5.75 $ | 17.00 $ | +195.7 % |
Transportation | Panama City Edit |
New York, NY Edit | |
| One-way Ticket (Local Transport) | 0.35 $ | 2.90 $ | +728.6 % |
| Monthly Pass (Regular Price) | 25.00 $ | 132.00 $ | +428.0 % |
| Taxi Start (Normal Tariff) | 2.00 $ | 5.00 $ | +150.0 % |
| Taxi 1 mile (Normal Tariff) | 2.41 $ | 3.50 $ | +45.0 % |
| Taxi 1hour Waiting (Normal Tariff) | 20.00 $ | 34.00 $ | +70.0 % |
| Gasoline (1 gallon) | 3.69 $ | 3.85 $ | +4.3 % |
| 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 $ | 28,356.86 $ | +38.4 % |
Utilities (Monthly) | Panama City Edit |
New York, NY Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment | 112.65 $ | 187.85 $ | +66.8 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data | 29.33 $ | 68.17 $ | +132.4 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | 51.82 $ | 71.82 $ | +38.6 % |
Sports And Leisure | Panama City Edit |
New York, NY Edit | |
| Fitness Club, Monthly Fee for 1 Adult | 40.93 $ | 147.95 $ | +261.5 % |
| Tennis Court Rent (1 Hour on Weekend) | 25.00 $ | 93.12 $ | +272.5 % |
| Cinema, International Release, 1 Seat | 7.00 $ | 20.00 $ | +185.7 % |
Childcare | Panama City Edit |
New York, NY Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child | 408.12 $ | 3,123.56 $ | +665.3 % |
| International Primary School, Yearly for 1 Child | 9,675.75 $ | 58,000.00 $ | +499.4 % |
Clothing And Shoes | Panama City Edit |
New York, NY Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) | 53.94 $ | 72.17 $ | +33.8 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) | 40.79 $ | 48.24 $ | +18.3 % |
| 1 Pair of Nike Running Shoes (Mid-Range) | 82.58 $ | 101.23 $ | +22.6 % |
| 1 Pair of Men Leather Business Shoes | 92.86 $ | 169.09 $ | +82.1 % |
Rent Per Month | Panama City Edit |
New York, NY Edit | |
| Apartment (1 bedroom) in City Centre | 925.91 $ | 4,203.82 $ | +354.0 % |
| Apartment (1 bedroom) Outside of Centre | 598.61 $ | 2,895.30 $ | +383.7 % |
| Apartment (3 bedrooms) in City Centre | 2,048.00 $ | 8,779.04 $ | +328.7 % |
| Apartment (3 bedrooms) Outside of Centre | 1,194.12 $ | 4,625.19 $ | +287.3 % |
Buy Apartment Price | Panama City Edit |
New York, NY Edit | |
| Price per Square Feet to Buy Apartment in City Centre | 228.61 $ | 1,710.37 $ | +648.2 % |
| Price per Square Feet to Buy Apartment Outside of Centre | 135.37 $ | 1,142.75 $ | +744.2 % |
Salaries And Financing | Panama City Edit |
New York, NY Edit | |
| Average Monthly Net Salary (After Tax) | 861.84 $ | 5,903.58 $ | +585.0 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.07 | 6.74 | +11.1 % |
| Last update: | April 2024 | May 2024 | |
| Contributors in the past 12 months: | 86 | 490 |
Moving to New York, NY? 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 New York, NY: | Cost of Living in Jersey City, New Jersey | 4.58 miles |
| Cost of Living in East Rutherford, New Jersey | 10.01 miles |
| Cost of Living in Rutherford, New Jersey | 10.22 miles |
| Cost of Living in Newark, New Jersey | 11.63 miles |
| Cost of Living in Paterson, New Jersey | 17.95 miles |
| Cost of Living in Bergen County, New Jersey | 20.13 miles |
| Cost of Living in Hempstead, New York | 22.26 miles |
| Cost of Living in West Caldwell, New Jersey | 23.56 miles |
| Cost of Living in Woodbridge, New Jersey | 25.26 miles |
| Cost of Living in Parsippany-Troy Hills, New Jersey | 30.18 miles |