Cost of Living Comparison Between New York, NY and Panama City 
| Indices Difference |  |
|---|---|
| Cost of Living in Panama City is 52.8% lower than in New York, NY (excluding rent) | |
| Cost of Living Including Rent in Panama City is 61.4% lower than in New York, NY | |
| Rent Prices in Panama City are 72.1% lower than in New York, NY | |
| Restaurant Prices in Panama City are 56.7% lower than in New York, NY | |
| Groceries Prices in Panama City are 46.8% lower than in New York, NY | |
| Local Purchasing Power in Panama City is 56.2% lower than in New York, NY | |
Restaurants | New York, NY Edit |
Panama City Edit | Difference |
|---|---|---|---|
| Meal at an Inexpensive Restaurant | 25.00 $ | 10.00 $ | -60.0 % |
| Meal for Two at a Mid-Range Restaurant (Three Courses, Without Drinks) | 142.50 $ | 50.00 $ | -64.9 % |
| Combo Meal at McDonald's (or Equivalent Fast-Food Meal) | 14.00 $ | 8.00 $ | -42.9 % |
| Domestic Draft Beer (1 Pint) | 8.00 $ | 3.00 $ | -62.5 % |
| Imported Beer (12 oz Small Bottle) | 10.00 $ | 4.00 $ | -60.0 % |
| Cappuccino (Regular Size) | 5.65 $ | 3.63 $ | -35.8 % |
| Soft Drink (Coca-Cola or Pepsi, 12 oz Small Bottle) | 3.17 $ | 1.68 $ | -46.9 % |
| Bottled Water (12 oz) | 2.55 $ | 1.33 $ | -47.5 % |
Markets | New York, NY Edit |
Panama City Edit | |
| Milk (Regular, 1 Liter) | 1.54 $ | 1.84 $ | +19.1 % |
| Fresh White Bread (1 lb Loaf) | 4.29 $ | 2.40 $ | -44.0 % |
| White Rice (1 lb) | 3.72 $ | 1.22 $ | -67.3 % |
| Eggs (12, Large Size) | 7.16 $ | 2.97 $ | -58.5 % |
| Local Cheese (1 lb) | 7.79 $ | 5.24 $ | -32.7 % |
| Chicken Fillets (1 lb) | 6.92 $ | 3.11 $ | -55.0 % |
| Beef Round or Equivalent Back Leg Red Meat (1 lb) | 9.27 $ | 4.55 $ | -50.9 % |
| Apples (1 lb) | 3.21 $ | 1.72 $ | -46.3 % |
| Bananas (1 lb) | 1.13 $ | 0.69 $ | -39.2 % |
| Oranges (1 lb) | 2.61 $ | 1.78 $ | -32.0 % |
| Tomatoes (1 lb) | 2.71 $ | 1.46 $ | -46.0 % |
| Potatoes (1 lb) | 1.70 $ | 1.03 $ | -39.3 % |
| Onions (1 lb) | 1.68 $ | 1.61 $ | -4.1 % |
| Lettuce (1 Head) | 3.12 $ | 2.39 $ | -23.4 % |
| Bottled Water (50 oz) | 2.64 $ | 1.64 $ | -37.9 % |
| Bottle of Wine (Mid-Range) | 18.00 $ | 10.00 $ | -44.4 % |
| Domestic Beer (16.9 oz Bottle) | 3.31 $ | 1.45 $ | -56.1 % |
| Imported Beer (12 oz Small Bottle) | 4.34 $ | 2.51 $ | -42.3 % |
| Cigarettes (Pack of 20, Marlboro) | 19.00 $ | 6.00 $ | -68.4 % |
Transportation | New York, NY Edit |
Panama City Edit | |
| One-Way Ticket (Local Transport) | 2.90 $ | 0.35 $ | -87.9 % |
| Monthly Public Transport Pass (Regular Price) | 132.00 $ | 21.00 $ | -84.1 % |
| Taxi Start (Standard Tariff) | 3.00 $ | 2.50 $ | -16.7 % |
| Taxi 1 mile (Standard Tariff) | 3.50 $ | 2.91 $ | -16.8 % |
| Taxi 1 Hour Waiting (Standard Tariff) | 42.00 $ | 22.00 $ | -47.6 % |
| Gasoline (1 Liter) | 0.89 $ | 0.90 $ | +1.4 % |
| Volkswagen Golf 1.5 (or Equivalent New Compact Car) | 35,458.00 $ | 19,750.00 $ | -44.3 % |
| Toyota Corolla Sedan 1.6 (or Equivalent New Mid-Size Car) | 25,440.74 $ | 20,527.78 $ | -19.3 % |
Utilities (Monthly) | New York, NY Edit |
Panama City Edit | |
| Basic Utilities for 915 Square Feet Apartment (Electricity, Heating, Cooling, Water, Garbage) | 193.29 $ | 130.12 $ | -32.7 % |
| Mobile Phone Plan (Monthly, with Calls and 10GB+ Data) | 60.36 $ | 30.32 $ | -49.8 % |
| Broadband Internet (Unlimited Data, 60 Mbps or Higher) | 63.12 $ | 48.25 $ | -23.6 % |
Sports And Leisure | New York, NY Edit |
Panama City Edit | |
| Monthly Fitness Club Membership | 129.54 $ | 41.46 $ | -68.0 % |
| Tennis Court Rental (1 Hour, Weekend) | 47.22 $ | 29.00 $ | -38.6 % |
| Cinema Ticket (International Release) | 22.00 $ | 8.00 $ | -63.6 % |
Childcare | New York, NY Edit |
Panama City Edit | |
| Private Full-Day Preschool or Kindergarten, Monthly Fee per Child | 3,280.71 $ | 470.00 $ | -85.7 % |
| International Primary School, Annual Tuition per Child | 52,695.45 $ | 11,716.92 $ | -77.8 % |
Clothing And Shoes | New York, NY Edit |
Panama City Edit | |
| Jeans (Levi's 501 or Similar) | 66.67 $ | 52.22 $ | -21.7 % |
| Summer Dress in a Chain Store (e.g. Zara or H&M) | 54.92 $ | 43.75 $ | -20.3 % |
| Nike Running Shoes (Mid-Range) | 117.04 $ | 90.50 $ | -22.7 % |
| Men's Leather Business Shoes | 157.86 $ | 129.38 $ | -18.0 % |
Rent Per Month | New York, NY Edit |
Panama City Edit | |
| 1 Bedroom Apartment in City Centre | 4,298.33 $ | 1,205.88 $ | -71.9 % |
| 1 Bedroom Apartment Outside of City Centre | 2,527.00 $ | 975.69 $ | -61.4 % |
| 3 Bedroom Apartment in City Centre | 8,477.08 $ | 1,946.18 $ | -77.0 % |
| 3 Bedroom Apartment Outside of City Centre | 5,006.25 $ | 1,541.76 $ | -69.2 % |
Buy Apartment Price | New York, NY Edit |
Panama City Edit | |
| Price per Square Feet to Buy Apartment in City Centre | 1,844.32 $ | 288.42 $ | -84.4 % |
| Price per Square Feet to Buy Apartment Outside of Centre | 751.36 $ | 161.30 $ | -78.5 % |
Salaries And Financing | New York, NY Edit |
Panama City Edit | |
| Average Monthly Net Salary (After Tax) | 5,392.11 $ | 911.56 $ | -83.1 % |
| Annual Mortgage Interest Rate (20-Year Fixed, in %) | 6.44 | 6.40 | -0.5 % |
| Last update: | 6 December 2025 | 7 December 2025 | |
| Contributors in the past 12 months: | 367 | 83 |
Moving to New York, NY? Explore:
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| 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 |
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| 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 Glen Cove, New York | 30.15 miles |
Cities near Panama City: | Cost of Living in San Miguelito | 8.11 miles |
| Cost of Living in Tocumen | 15.44 miles |
| 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 |