Cost of Living Comparison Between Miami, FL and Panama City 
| Indices Difference |  |
|---|---|
| Cost of Living in Panama City is 38.5% lower than in Miami, FL (without rent) | |
| Cost of Living Including Rent in Panama City is 49.7% lower than in Miami, FL | |
| Rent Prices in Panama City are 64.5% lower than in Miami, FL | |
| Restaurant Prices in Panama City are 40.0% lower than in Miami, FL | |
| Groceries Prices in Panama City are 36.2% lower than in Miami, FL | |
| Local Purchasing Power in Panama City is 60.0% lower than in Miami, FL | |
Restaurants | Miami, FL Edit |
Panama City Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant | 26.00 $ | 13.50 $ | -48.1 % |
| Meal for 2 People, Mid-range Restaurant, Three-course | 100.00 $ | 65.00 $ | -35.0 % |
| McMeal at McDonalds (or Equivalent Combo Meal) | 12.00 $ | 8.00 $ | -33.3 % |
| Domestic Beer (1 pint draught) | 7.00 $ | 3.00 $ | -57.1 % |
| Imported Beer (12 oz small bottle) | 8.00 $ | 4.00 $ | -50.0 % |
| Cappuccino (regular) | 5.21 $ | 3.59 $ | -31.1 % |
| Coke/Pepsi (12 oz small bottle) | 2.97 $ | 1.90 $ | -36.0 % |
| Water (12 oz small bottle) | 2.24 $ | 1.43 $ | -36.2 % |
Markets | Miami, FL Edit |
Panama City Edit | |
| Milk (regular), (1 gallon) | 4.45 $ | 6.83 $ | +53.4 % |
| Loaf of Fresh White Bread (1 lb) | 3.50 $ | 2.27 $ | -35.1 % |
| Rice (white), (1 lb) | 1.94 $ | 1.09 $ | -43.7 % |
| Eggs (regular) (12) | 4.13 $ | 2.60 $ | -37.0 % |
| Local Cheese (1 lb) | 6.54 $ | 5.53 $ | -15.4 % |
| Chicken Fillets (1 lb) | 5.46 $ | 3.41 $ | -37.6 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) | 7.83 $ | 4.47 $ | -43.0 % |
| Apples (1 lb) | 3.02 $ | 1.47 $ | -51.4 % |
| Banana (1 lb) | 0.84 $ | 0.69 $ | -18.0 % |
| Oranges (1 lb) | 2.25 $ | 1.30 $ | -42.4 % |
| Tomato (1 lb) | 2.30 $ | 1.38 $ | -40.1 % |
| Potato (1 lb) | 1.18 $ | 0.94 $ | -20.2 % |
| Onion (1 lb) | 1.61 $ | 1.08 $ | -32.9 % |
| Lettuce (1 head) | 2.96 $ | 2.08 $ | -29.8 % |
| Water (1.5 liter bottle) | 2.32 $ | 1.50 $ | -35.2 % |
| Bottle of Wine (Mid-Range) | 15.00 $ | 9.00 $ | -40.0 % |
| Domestic Beer (0.5 liter bottle) | 2.31 $ | 1.17 $ | -49.3 % |
| Imported Beer (12 oz small bottle) | 3.01 $ | 2.01 $ | -33.2 % |
| Cigarettes 20 Pack (Marlboro) | 10.35 $ | 5.75 $ | -44.4 % |
Transportation | Miami, FL Edit |
Panama City Edit | |
| One-way Ticket (Local Transport) | 2.25 $ | 0.35 $ | -84.4 % |
| Monthly Pass (Regular Price) | 113.75 $ | 25.00 $ | -78.0 % |
| Taxi Start (Normal Tariff) | 3.00 $ | 2.50 $ | -16.7 % |
| Taxi 1 mile (Normal Tariff) | 2.10 $ | 2.91 $ | +38.5 % |
| Taxi 1hour Waiting (Normal Tariff) | 24.00 $ | 21.00 $ | -12.5 % |
| Gasoline (1 gallon) | 3.61 $ | 3.69 $ | +2.4 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) | 35,000.00 $ | 19,750.00 $ | -43.6 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) | 25,759.68 $ | 20,333.33 $ | -21.1 % |
Utilities (Monthly) | Miami, FL Edit |
Panama City Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment | 163.00 $ | 120.67 $ | -26.0 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data | 63.27 $ | 29.44 $ | -53.5 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | 65.65 $ | 50.83 $ | -22.6 % |
Sports And Leisure | Miami, FL Edit |
Panama City Edit | |
| Fitness Club, Monthly Fee for 1 Adult | 74.05 $ | 44.62 $ | -39.7 % |
| Tennis Court Rent (1 Hour on Weekend) | 23.38 $ | 24.17 $ | +3.4 % |
| Cinema, International Release, 1 Seat | 15.00 $ | 7.00 $ | -53.3 % |
Childcare | Miami, FL Edit |
Panama City Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child | 1,202.27 $ | 419.29 $ | -65.1 % |
| International Primary School, Yearly for 1 Child | 25,250.00 $ | 8,759.33 $ | -65.3 % |
Clothing And Shoes | Miami, FL Edit |
Panama City Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) | 52.94 $ | 53.58 $ | +1.2 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) | 50.83 $ | 39.00 $ | -23.3 % |
| 1 Pair of Nike Running Shoes (Mid-Range) | 81.94 $ | 86.08 $ | +5.0 % |
| 1 Pair of Men Leather Business Shoes | 105.00 $ | 112.22 $ | +6.9 % |
Rent Per Month | Miami, FL Edit |
Panama City Edit | |
| Apartment (1 bedroom) in City Centre | 2,833.90 $ | 971.43 $ | -65.7 % |
| Apartment (1 bedroom) Outside of Centre | 2,118.14 $ | 694.12 $ | -67.2 % |
| Apartment (3 bedrooms) in City Centre | 5,479.47 $ | 2,048.69 $ | -62.6 % |
| Apartment (3 bedrooms) Outside of Centre | 4,087.96 $ | 1,446.88 $ | -64.6 % |
Buy Apartment Price | Miami, FL Edit |
Panama City Edit | |
| Price per Square Feet to Buy Apartment in City Centre | 587.93 $ | 230.14 $ | -60.9 % |
| Price per Square Feet to Buy Apartment Outside of Centre | 362.36 $ | 142.45 $ | -60.7 % |
Salaries And Financing | Miami, FL Edit |
Panama City Edit | |
| Average Monthly Net Salary (After Tax) | 4,409.11 $ | 887.50 $ | -79.9 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.62 | 6.07 | -8.3 % |
| Last update: | September 2024 | September 2024 | |
| Contributors in the past 12 months: | 174 | 102 |
Moving to Miami, FL? Explore:
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Cities near Panama City: | Cost of Living in San Miguelito | 8.11 miles |
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