CostCompass

CostCompass

Compare cost of living across cities worldwide. Plan your trip, relocation, or remote work destination with real data.

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Data updated: Apr 1, 2026© 2026 CostCompass. All rights reserved. Data is crowdsourced and may not be 100% accurate.
Cities/Panama City

Panama City

Panama

A dynamic Central American capital with a striking modern skyline, historic Casco Viejo, the famous canal, and a growing role as a regional business hub.

Population: 881K
Avg Income: $ 27K/yr
Avg. Temp: 27°C
Area: 275 km²
USD
CompareCalculator
40
Affordable

#128 of 250

20% below average

Est. Monthly Cost

$ 1 517

Based on NYC = 100 index


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Cost Breakdown

Monthly average costs by category

Housing

$ 925

per month

Food & Groceries

$ 81

per month

Restaurants

$ 219

per month

Transportation

$ 62

per month

Utilities

$ 130

per month

Entertainment

$ 67

per month

Healthcare

$ 14

per month

Clothing

$ 18

per month