Cost of Living Comparison Between Miami, FL and Panama City 
| Indices Difference |  |
|---|---|
| Consumer Prices in Panama City are 35.8% lower than in Miami, FL (without rent) | |
| Consumer Prices Including Rent in Panama City are 49.8% lower than in Miami, FL | |
| Rent Prices in Panama City are 66.0% lower than in Miami, FL | |
| Restaurant Prices in Panama City are 44.1% lower than in Miami, FL | |
| Groceries Prices in Panama City are 30.0% 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 | 25.00 $ | 12.00 $ | -52.0 % |
| Meal for 2 People, Mid-range Restaurant, Three-course | 100.00 $ | 60.00 $ | -40.0 % |
| McMeal at McDonalds (or Equivalent Combo Meal) | 12.00 $ | 8.25 $ | -31.2 % |
| Domestic Beer (1 pint draught) | 7.00 $ | 2.50 $ | -64.3 % |
| Imported Beer (12 oz small bottle) | 8.00 $ | 4.00 $ | -50.0 % |
| Cappuccino (regular) | 4.82 $ | 3.70 $ | -23.1 % |
| Coke/Pepsi (12 oz small bottle) | 2.69 $ | 1.76 $ | -34.8 % |
| Water (12 oz small bottle) | 2.14 $ | 1.33 $ | -37.7 % |
Markets | Miami, FL Edit |
Panama City Edit | |
| Milk (regular), (1 gallon) | 4.42 $ | 6.66 $ | +50.8 % |
| Loaf of Fresh White Bread (1 lb) | 3.28 $ | 2.18 $ | -33.5 % |
| Rice (white), (1 lb) | 1.78 $ | 0.95 $ | -46.4 % |
| Eggs (regular) (12) | 3.89 $ | 2.54 $ | -34.5 % |
| Local Cheese (1 lb) | 6.05 $ | 4.93 $ | -18.5 % |
| Chicken Fillets (1 lb) | 4.75 $ | 3.39 $ | -28.6 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) | 6.50 $ | 4.06 $ | -37.4 % |
| Apples (1 lb) | 2.58 $ | 1.40 $ | -45.7 % |
| Banana (1 lb) | 0.86 $ | 0.62 $ | -27.3 % |
| Oranges (1 lb) | 1.68 $ | 1.30 $ | -22.9 % |
| Tomato (1 lb) | 2.03 $ | 1.41 $ | -30.7 % |
| Potato (1 lb) | 1.08 $ | 0.94 $ | -12.7 % |
| Onion (1 lb) | 1.38 $ | 0.97 $ | -29.2 % |
| Lettuce (1 head) | 2.56 $ | 2.18 $ | -14.9 % |
| Water (1.5 liter bottle) | 2.07 $ | 1.44 $ | -30.6 % |
| Bottle of Wine (Mid-Range) | 12.99 $ | 9.00 $ | -30.7 % |
| Domestic Beer (0.5 liter bottle) | 2.00 $ | 1.20 $ | -40.1 % |
| Imported Beer (12 oz small bottle) | 2.37 $ | 1.86 $ | -21.6 % |
| Cigarettes 20 Pack (Marlboro) | 9.00 $ | 5.75 $ | -36.1 % |
Transportation | Miami, FL Edit |
Panama City Edit | |
| One-way Ticket (Local Transport) | 2.25 $ | 0.35 $ | -84.4 % |
| Monthly Pass (Regular Price) | 115.00 $ | 25.00 $ | -78.3 % |
| Taxi Start (Normal Tariff) | 2.98 $ | 2.00 $ | -32.8 % |
| Taxi 1 mile (Normal Tariff) | 2.10 $ | 2.41 $ | +15.0 % |
| Taxi 1hour Waiting (Normal Tariff) | 24.00 $ | 20.00 $ | -16.7 % |
| Gasoline (1 gallon) | 3.48 $ | 3.69 $ | +6.3 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) | 35,000.00 $ | 22,250.00 $ | -36.4 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) | 24,955.19 $ | 20,494.44 $ | -17.9 % |
Utilities (Monthly) | Miami, FL Edit |
Panama City Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment | 170.11 $ | 112.65 $ | -33.8 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data | 56.94 $ | 29.33 $ | -48.5 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | 61.83 $ | 51.82 $ | -16.2 % |
Sports And Leisure | Miami, FL Edit |
Panama City Edit | |
| Fitness Club, Monthly Fee for 1 Adult | 68.17 $ | 40.93 $ | -40.0 % |
| Tennis Court Rent (1 Hour on Weekend) | 23.86 $ | 25.00 $ | +4.8 % |
| 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 | 1,162.50 $ | 408.12 $ | -64.9 % |
| International Primary School, Yearly for 1 Child | 28,333.33 $ | 9,675.75 $ | -65.9 % |
Clothing And Shoes | Miami, FL Edit |
Panama City Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) | 46.50 $ | 53.94 $ | +16.0 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) | 43.12 $ | 40.79 $ | -5.4 % |
| 1 Pair of Nike Running Shoes (Mid-Range) | 80.28 $ | 82.58 $ | +2.9 % |
| 1 Pair of Men Leather Business Shoes | 96.67 $ | 92.86 $ | -3.9 % |
Rent Per Month | Miami, FL Edit |
Panama City Edit | |
| Apartment (1 bedroom) in City Centre | 2,784.86 $ | 925.91 $ | -66.8 % |
| Apartment (1 bedroom) Outside of Centre | 2,129.68 $ | 598.61 $ | -71.9 % |
| Apartment (3 bedrooms) in City Centre | 5,402.90 $ | 2,048.00 $ | -62.1 % |
| Apartment (3 bedrooms) Outside of Centre | 3,693.74 $ | 1,194.12 $ | -67.7 % |
Buy Apartment Price | Miami, FL Edit |
Panama City Edit | |
| Price per Square Feet to Buy Apartment in City Centre | 575.52 $ | 228.61 $ | -60.3 % |
| Price per Square Feet to Buy Apartment Outside of Centre | 359.55 $ | 135.37 $ | -62.3 % |
Salaries And Financing | Miami, FL Edit |
Panama City Edit | |
| Average Monthly Net Salary (After Tax) | 4,289.41 $ | 861.84 $ | -79.9 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.57 | 6.07 | -7.6 % |
| Last update: | April 2024 | April 2024 | |
| Contributors in the past 12 months: | 149 | 86 |
Moving to Miami, FL? Explore:
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