Cost of Living Comparison Between New York, NY and Panama City 

Indices DifferenceInfo
Cost of Living in Panama City is 51.8% lower than in New York, NY (without rent)
Cost of Living Including Rent in Panama City is 63.6% lower than in New York, NY
Rent Prices in Panama City are 76.3% lower than in New York, NY
Restaurant Prices in Panama City are 54.4% lower than in New York, NY
Groceries Prices in Panama City are 49.6% lower than in New York, NY
Local Purchasing Power in Panama City is 57.6% lower than in New York, NY
Currency: Sticky Currency      Switch to metric measurement units
Restaurants
New York, NY Edit Panama City Edit Difference
Meal, Inexpensive Restaurant 30.00 $ 11.75 $      -60.8 %
Meal for 2 People, Mid-range Restaurant, Three-course 130.00 $ 60.00 $      -53.8 %
McMeal at McDonalds (or Equivalent Combo Meal) 12.00 $ 8.00 $      -33.3 %
Domestic Beer (1 pint draught) 8.00 $ 3.00 $      -62.5 %
Imported Beer (12 oz small bottle) 10.50 $ 4.00 $      -61.9 %
Cappuccino (regular) 5.69 $ 3.68 $      -35.2 %
Coke/Pepsi (12 oz small bottle) 3.04 $ 1.77 $      -41.8 %
Water (12 oz small bottle) 2.30 $ 1.33 $      -42.2 %
Markets
New York, NY Edit Panama City Edit
Milk (regular), (1 gallon) 5.54 $ 6.75 $      +21.8 %
Loaf of Fresh White Bread (1 lb) 4.40 $ 2.26 $      -48.7 %
Rice (white), (1 lb) 3.21 $ 0.97 $      -69.8 %
Eggs (regular) (12) 5.20 $ 2.62 $      -49.6 %
Local Cheese (1 lb) 7.46 $ 5.27 $      -29.4 %
Chicken Fillets (1 lb) 6.78 $ 3.46 $      -49.0 %
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 8.49 $ 4.22 $      -50.3 %
Apples (1 lb) 3.30 $ 1.38 $      -58.1 %
Banana (1 lb) 0.93 $ 0.68 $      -27.3 %
Oranges (1 lb) 2.80 $ 1.24 $      -55.8 %
Tomato (1 lb) 2.93 $ 1.39 $      -52.4 %
Potato (1 lb) 1.75 $ 0.94 $      -46.1 %
Onion (1 lb) 1.69 $ 0.99 $      -41.5 %
Lettuce (1 head) 3.09 $ 2.08 $      -32.9 %
Water (1.5 liter bottle) 2.51 $ 1.51 $      -39.8 %
Bottle of Wine (Mid-Range) 20.00 $ 9.00 $      -55.0 %
Domestic Beer (0.5 liter bottle) 2.77 $ 1.21 $      -56.4 %
Imported Beer (12 oz small bottle) 3.76 $ 1.95 $      -48.3 %
Cigarettes 20 Pack (Marlboro) 17.00 $ 5.88 $      -65.4 %
Transportation
New York, NY Edit Panama City Edit
One-way Ticket (Local Transport) 2.90 $ 0.35 $      -87.9 %
Monthly Pass (Regular Price) 132.00 $ 25.00 $      -81.1 %
Taxi Start (Normal Tariff) 4.92 $ 2.25 $      -54.3 %
Taxi 1 mile (Normal Tariff) 3.50 $ 2.62 $      -25.3 %
Taxi 1hour Waiting (Normal Tariff) 34.00 $ 21.00 $      -38.2 %
Gasoline (1 gallon) 3.79 $ 3.69 $      -2.7 %
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) 28,263.92 $ 20,494.44 $      -27.5 %
Utilities (Monthly)
New York, NY Edit Panama City Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 170.23 $ 120.76 $      -29.1 %
Mobile Phone Monthly Plan with Calls and 10GB+ Data 64.23 $ 29.38 $      -54.3 %
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 69.41 $ 51.69 $      -25.5 %
Sports And Leisure
New York, NY Edit Panama City Edit
Fitness Club, Monthly Fee for 1 Adult 138.80 $ 42.92 $      -69.1 %
Tennis Court Rent (1 Hour on Weekend) 77.86 $ 22.50 $      -71.1 %
Cinema, International Release, 1 Seat 20.00 $ 7.00 $      -65.0 %
Childcare
New York, NY Edit Panama City Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 3,168.00 $ 414.38 $      -86.9 %
International Primary School, Yearly for 1 Child 58,000.00 $ 9,058.00 $      -84.4 %
Clothing And Shoes
New York, NY Edit Panama City Edit
1 Pair of Jeans (Levis 501 Or Similar) 71.54 $ 53.69 $      -24.9 %
1 Summer Dress in a Chain Store (Zara, H&M, ...) 48.24 $ 40.42 $      -16.2 %
1 Pair of Nike Running Shoes (Mid-Range) 101.45 $ 86.19 $      -15.0 %
1 Pair of Men Leather Business Shoes 162.57 $ 105.91 $      -34.9 %
Rent Per Month
New York, NY Edit Panama City Edit
Apartment (1 bedroom) in City Centre 4,282.50 $ 939.05 $      -78.1 %
Apartment (1 bedroom) Outside of Centre 2,896.97 $ 620.83 $      -78.6 %
Apartment (3 bedrooms) in City Centre 8,687.68 $ 1,991.67 $      -77.1 %
Apartment (3 bedrooms) Outside of Centre 4,591.54 $ 1,303.12 $      -71.6 %
Buy Apartment Price
New York, NY Edit Panama City Edit
Price per Square Feet to Buy Apartment in City Centre 1,569.57 $ 235.74 $      -85.0 %
Price per Square Feet to Buy Apartment Outside of Centre 1,142.75 $ 142.45 $      -87.5 %
Salaries And Financing
New York, NY Edit Panama City Edit
Average Monthly Net Salary (After Tax) 5,746.05 $ 886.76 $      -84.6 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.74 6.02      -10.7 %
Last update: June 2024June 2024
Contributors in the past 12 months:48891