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

Indices DifferenceInfo
Consumer Prices in Panama City are 50.56% lower than in New York, NY (without rent)
Consumer Prices Including Rent in Panama City are 63.61% lower than in New York, NY
Rent Prices in Panama City are 76.99% lower than in New York, NY
Restaurant Prices in Panama City are 54.70% lower than in New York, NY
Groceries Prices in Panama City are 53.59% lower than in New York, NY
Local Purchasing Power in Panama City is 61.95% 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 25.00 $ 8.00 $      -68.00 %
Meal for 2 People, Mid-range Restaurant, Three-course 90.00 $ 50.00 $      -44.44 %
McMeal at McDonalds (or Equivalent Combo Meal) 10.00 $ 6.75 $      -32.50 %
Domestic Beer (1 pint draught) 8.00 $ 2.50 $      -68.75 %
Imported Beer (12 oz small bottle) 10.00 $ 4.00 $      -60.00 %
Cappuccino (regular) 5.33 $ 3.21 $      -39.68 %
Coke/Pepsi (12 oz small bottle) 2.84 $ 1.69 $      -40.47 %
Water (12 oz small bottle) 2.42 $ 1.34 $      -44.93 %
Markets
New York, NY Edit Panama City Edit
Milk (regular), (1 gallon) 4.61 $ 5.94 $      +28.79 %
Loaf of Fresh White Bread (1 lb) 3.64 $ 1.88 $      -48.32 %
Rice (white), (1 lb) 3.49 $ 0.88 $      -74.92 %
Eggs (regular) (12) 3.91 $ 2.11 $      -46.05 %
Local Cheese (1 lb) 7.59 $ 3.32 $      -56.34 %
Chicken Fillets (1 lb) 7.87 $ 3.21 $      -59.16 %
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 9.62 $ 3.68 $      -61.76 %
Apples (1 lb) 2.59 $ 1.29 $      -50.19 %
Banana (1 lb) 1.20 $ 0.59 $      -50.64 %
Oranges (1 lb) 2.37 $ 1.18 $      -50.38 %
Tomato (1 lb) 2.78 $ 1.45 $      -47.98 %
Potato (1 lb) 2.10 $ 0.86 $      -59.17 %
Onion (1 lb) 1.81 $ 0.87 $      -51.62 %
Lettuce (1 head) 2.75 $ 2.26 $      -17.54 %
Water (1.5 liter bottle) 2.40 $ 1.42 $      -41.14 %
Bottle of Wine (Mid-Range) 15.80 $ 10.00 $      -36.71 %
Domestic Beer (0.5 liter bottle) 3.23 $ 1.21 $      -62.65 %
Imported Beer (12 oz small bottle) 4.18 $ 1.69 $      -59.66 %
Cigarettes 20 Pack (Marlboro) 15.00 $ 5.78 $      -61.50 %
Transportation
New York, NY Edit Panama City Edit
One-way Ticket (Local Transport) 2.75 $ 0.35 $      -87.27 %
Monthly Pass (Regular Price) 129.00 $ 25.00 $      -80.62 %
Taxi Start (Normal Tariff) 4.25 $ 2.50 $      -41.18 %
Taxi 1 mile (Normal Tariff) 3.00 $ 2.41 $      -19.53 %
Taxi 1hour Waiting (Normal Tariff) 32.50 $ 20.00 $      -38.46 %
Gasoline (1 gallon) 4.95 $ 4.03 $      -18.64 %
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 25,000.00 $ 24,750.00 $      -1.00 %
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 23,879.37 $ 20,605.56 $      -13.71 %
Utilities (Monthly)
New York, NY Edit Panama City Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 170.21 $ 104.07 $      -38.86 %
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 0.11 $ 0.16 $      +51.63 %
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 68.44 $ 46.42 $      -32.17 %
Sports And Leisure
New York, NY Edit Panama City Edit
Fitness Club, Monthly Fee for 1 Adult 105.44 $ 40.08 $      -61.99 %
Tennis Court Rent (1 Hour on Weekend) 37.50 $ 24.17 $      -35.56 %
Cinema, International Release, 1 Seat 18.00 $ 6.00 $      -66.67 %
Childcare
New York, NY Edit Panama City Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 2,151.51 $ 358.89 $      -83.32 %
International Primary School, Yearly for 1 Child 40,384.62 $ 12,485.71 $      -69.08 %
Clothing And Shoes
New York, NY Edit Panama City Edit
1 Pair of Jeans (Levis 501 Or Similar) 64.01 $ 51.79 $      -19.10 %
1 Summer Dress in a Chain Store (Zara, H&M, ...) 61.95 $ 43.00 $      -30.59 %
1 Pair of Nike Running Shoes (Mid-Range) 97.94 $ 75.25 $      -23.17 %
1 Pair of Men Leather Business Shoes 149.75 $ 90.00 $      -39.90 %
Rent Per Month
New York, NY Edit Panama City Edit
Apartment (1 bedroom) in City Centre 3,894.94 $ 918.82 $      -76.41 %
Apartment (1 bedroom) Outside of Centre 2,357.63 $ 517.19 $      -78.06 %
Apartment (3 bedrooms) in City Centre 7,445.42 $ 1,752.94 $      -76.46 %
Apartment (3 bedrooms) Outside of Centre 4,530.91 $ 1,005.88 $      -77.80 %
Buy Apartment Price
New York, NY Edit Panama City Edit
Price per Square Feet to Buy Apartment in City Centre 1,500.63 $ 206.56 $      -86.23 %
Price per Square Feet to Buy Apartment Outside of Centre 920.02 $ 130.39 $      -85.83 %
Salaries And Financing
New York, NY Edit Panama City Edit
Average Monthly Net Salary (After Tax) 5,880.11 $ 814.38 $      -86.15 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.25 5.83      +11.10 %
Last update: September 2022September 2022
Contributors in the past 12 months:534106