Cost of Living Comparison Between New York, NY and Panama City 
| Indices Difference |  |
|---|---|
| Consumer Prices in Panama City are 52.1% lower than in New York, NY (without rent) | |
| Consumer Prices Including Rent in Panama City are 63.7% lower than in New York, NY | |
| Rent Prices in Panama City are 76.5% lower than in New York, NY | |
| Restaurant Prices in Panama City are 54.1% lower than in New York, NY | |
| Groceries Prices in Panama City are 50.9% lower than in New York, NY | |
| Local Purchasing Power in Panama City is 60.4% lower than in New York, NY | |
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 $ | 8.25 $ | -31.2 % |
| 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) | 5.56 $ | 3.72 $ | -33.2 % |
| Coke/Pepsi (12 oz small bottle) | 3.02 $ | 1.81 $ | -40.2 % |
| Water (12 oz small bottle) | 2.29 $ | 1.33 $ | -41.7 % |
Markets | New York, NY Edit |
Panama City Edit | |
| Milk (regular), (1 gallon) | 5.82 $ | 6.58 $ | +13.2 % |
| Loaf of Fresh White Bread (1 lb) | 4.29 $ | 2.21 $ | -48.5 % |
| Rice (white), (1 lb) | 3.25 $ | 0.93 $ | -71.5 % |
| Eggs (regular) (12) | 5.46 $ | 2.52 $ | -53.9 % |
| Local Cheese (1 lb) | 7.65 $ | 4.93 $ | -35.6 % |
| Chicken Fillets (1 lb) | 7.13 $ | 3.39 $ | -52.5 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) | 9.04 $ | 4.06 $ | -55.0 % |
| Apples (1 lb) | 3.14 $ | 1.36 $ | -56.7 % |
| Banana (1 lb) | 0.93 $ | 0.65 $ | -30.2 % |
| Oranges (1 lb) | 2.70 $ | 1.30 $ | -52.1 % |
| Tomato (1 lb) | 2.82 $ | 1.43 $ | -49.2 % |
| Potato (1 lb) | 1.93 $ | 0.94 $ | -51.3 % |
| Onion (1 lb) | 1.71 $ | 0.96 $ | -44.2 % |
| Lettuce (1 head) | 2.88 $ | 2.18 $ | -24.3 % |
| Water (1.5 liter bottle) | 2.43 $ | 1.44 $ | -40.6 % |
| Bottle of Wine (Mid-Range) | 20.00 $ | 8.50 $ | -57.5 % |
| Domestic Beer (0.5 liter bottle) | 2.53 $ | 1.23 $ | -51.4 % |
| Imported Beer (12 oz small bottle) | 3.83 $ | 1.93 $ | -49.6 % |
| Cigarettes 20 Pack (Marlboro) | 17.00 $ | 6.00 $ | -64.7 % |
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) | 5.00 $ | 2.25 $ | -55.0 % |
| Taxi 1 mile (Normal Tariff) | 3.50 $ | 2.41 $ | -31.0 % |
| Taxi 1hour Waiting (Normal Tariff) | 30.00 $ | 20.00 $ | -33.3 % |
| Gasoline (1 gallon) | 3.87 $ | 3.71 $ | -4.0 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) | 28,000.00 $ | 22,250.00 $ | -20.5 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) | 27,053.26 $ | 20,494.44 $ | -24.2 % |
Utilities (Monthly) | New York, NY Edit |
Panama City Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment | 177.38 $ | 113.79 $ | -35.8 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data | 62.96 $ | 29.33 $ | -53.4 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | 69.77 $ | 51.09 $ | -26.8 % |
Sports And Leisure | New York, NY Edit |
Panama City Edit | |
| Fitness Club, Monthly Fee for 1 Adult | 132.14 $ | 41.50 $ | -68.6 % |
| Tennis Court Rent (1 Hour on Weekend) | 74.17 $ | 25.00 $ | -66.3 % |
| 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 | 3,065.64 $ | 408.12 $ | -86.7 % |
| International Primary School, Yearly for 1 Child | 63,250.00 $ | 9,675.75 $ | -84.7 % |
Clothing And Shoes | New York, NY Edit |
Panama City Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) | 68.82 $ | 53.94 $ | -21.6 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) | 45.42 $ | 40.79 $ | -10.2 % |
| 1 Pair of Nike Running Shoes (Mid-Range) | 97.00 $ | 82.58 $ | -14.9 % |
| 1 Pair of Men Leather Business Shoes | 165.86 $ | 92.86 $ | -44.0 % |
Rent Per Month | New York, NY Edit |
Panama City Edit | |
| Apartment (1 bedroom) in City Centre | 4,162.14 $ | 938.33 $ | -77.5 % |
| Apartment (1 bedroom) Outside of Centre | 2,912.38 $ | 614.47 $ | -78.9 % |
| Apartment (3 bedrooms) in City Centre | 8,432.88 $ | 1,953.85 $ | -76.8 % |
| Apartment (3 bedrooms) Outside of Centre | 4,431.43 $ | 1,183.33 $ | -73.3 % |
Buy Apartment Price | New York, NY Edit |
Panama City Edit | |
| Price per Square Feet to Buy Apartment in City Centre | 1,698.83 $ | 228.61 $ | -86.5 % |
| Price per Square Feet to Buy Apartment Outside of Centre | 1,192.75 $ | 135.37 $ | -88.7 % |
Salaries And Financing | New York, NY Edit |
Panama City Edit | |
| Average Monthly Net Salary (After Tax) | 6,000.32 $ | 861.84 $ | -85.6 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.67 | 6.07 | -9.0 % |
| Last update: | April 2024 | April 2024 | |
| Contributors in the past 12 months: | 505 | 86 |
Moving to New York, NY? Explore:
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