Cost of Living Comparison Between New York, NY and Panama City 
| Indices Difference |  |
|---|---|
| Cost of Living in Panama City is 55.5% lower than in New York, NY (without rent) | |
| Cost of Living Including Rent in Panama City is 65.3% lower than in New York, NY | |
| Rent Prices in Panama City are 76.9% lower than in New York, NY | |
| Restaurant Prices in Panama City are 51.4% lower than in New York, NY | |
| Groceries Prices in Panama City are 48.8% lower than in New York, NY | |
| Local Purchasing Power in Panama City is 53.8% 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 | 125.00 $ | 60.00 $ | -52.0 % |
| 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) | 10.00 $ | 4.00 $ | -60.0 % |
| Cappuccino (regular) | 5.71 $ | 3.67 $ | -35.8 % |
| Coke/Pepsi (12 oz small bottle) | 3.06 $ | 1.82 $ | -40.3 % |
| Water (12 oz small bottle) | 2.30 $ | 1.37 $ | -40.5 % |
Markets | New York, NY Edit |
Panama City Edit | |
| Milk (regular), (1 gallon) | 5.51 $ | 6.73 $ | +22.0 % |
| Loaf of Fresh White Bread (1 lb) | 4.24 $ | 2.30 $ | -45.8 % |
| Rice (white), (1 lb) | 3.36 $ | 0.98 $ | -70.9 % |
| Eggs (regular) (12) | 5.17 $ | 2.58 $ | -50.0 % |
| Local Cheese (1 lb) | 7.58 $ | 5.42 $ | -28.5 % |
| Chicken Fillets (1 lb) | 6.65 $ | 3.46 $ | -47.9 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) | 8.80 $ | 4.33 $ | -50.7 % |
| Apples (1 lb) | 3.10 $ | 1.39 $ | -55.2 % |
| Banana (1 lb) | 0.95 $ | 0.66 $ | -30.8 % |
| Oranges (1 lb) | 2.69 $ | 1.24 $ | -53.9 % |
| Tomato (1 lb) | 2.73 $ | 1.34 $ | -50.8 % |
| Potato (1 lb) | 1.72 $ | 0.94 $ | -45.3 % |
| Onion (1 lb) | 1.73 $ | 1.03 $ | -40.3 % |
| Lettuce (1 head) | 3.19 $ | 2.09 $ | -34.6 % |
| Water (1.5 liter bottle) | 2.36 $ | 1.48 $ | -37.3 % |
| Bottle of Wine (Mid-Range) | 20.00 $ | 9.00 $ | -55.0 % |
| Domestic Beer (0.5 liter bottle) | 2.75 $ | 1.20 $ | -56.3 % |
| Imported Beer (12 oz small bottle) | 3.69 $ | 1.89 $ | -48.8 % |
| Cigarettes 20 Pack (Marlboro) | 17.00 $ | 5.75 $ | -66.2 % |
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 $ | 2.00 $ | -60.0 % |
| Taxi 1 mile (Normal Tariff) | 3.50 $ | 2.91 $ | -16.9 % |
| Taxi 1hour Waiting (Normal Tariff) | 34.00 $ | 21.00 $ | -38.2 % |
| Gasoline (1 gallon) | 3.83 $ | 3.69 $ | -3.7 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) | 35,000.00 $ | 19,750.00 $ | -43.6 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) | 28,263.92 $ | 20,333.33 $ | -28.1 % |
Utilities (Monthly) | New York, NY Edit |
Panama City Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment | 171.22 $ | 121.23 $ | -29.2 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data | 67.93 $ | 29.81 $ | -56.1 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | 66.81 $ | 52.14 $ | -22.0 % |
Sports And Leisure | New York, NY Edit |
Panama City Edit | |
| Fitness Club, Monthly Fee for 1 Adult | 145.60 $ | 44.17 $ | -69.7 % |
| Tennis Court Rent (1 Hour on Weekend) | 74.38 $ | 22.50 $ | -69.7 % |
| 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 $ | 419.29 $ | -86.8 % |
| International Primary School, Yearly for 1 Child | 58,000.00 $ | 9,343.71 $ | -83.9 % |
Clothing And Shoes | New York, NY Edit |
Panama City Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) | 68.96 $ | 53.58 $ | -22.3 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) | 47.05 $ | 39.00 $ | -17.1 % |
| 1 Pair of Nike Running Shoes (Mid-Range) | 103.86 $ | 86.08 $ | -17.1 % |
| 1 Pair of Men Leather Business Shoes | 164.12 $ | 112.22 $ | -31.6 % |
Rent Per Month | New York, NY Edit |
Panama City Edit | |
| Apartment (1 bedroom) in City Centre | 4,272.10 $ | 987.50 $ | -76.9 % |
| Apartment (1 bedroom) Outside of Centre | 3,043.09 $ | 658.82 $ | -78.4 % |
| Apartment (3 bedrooms) in City Centre | 9,416.82 $ | 2,024.61 $ | -78.5 % |
| Apartment (3 bedrooms) Outside of Centre | 5,102.76 $ | 1,367.86 $ | -73.2 % |
Buy Apartment Price | New York, NY Edit |
Panama City Edit | |
| Price per Square Feet to Buy Apartment in City Centre | 1,895.65 $ | 234.19 $ | -87.6 % |
| Price per Square Feet to Buy Apartment Outside of Centre | 1,589.81 $ | 142.45 $ | -91.0 % |
Salaries And Financing | New York, NY Edit |
Panama City Edit | |
| Average Monthly Net Salary (After Tax) | 5,426.68 $ | 869.67 $ | -84.0 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 7.24 | 6.03 | -16.8 % |
| Last update: | July 2024 | July 2024 | |
| Contributors in the past 12 months: | 513 | 95 |
Moving to New York, NY? Explore:
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