Baltimore vs Panama City - Cost of Living Comparison

Updated: October 14, 2025

	Baltimore	Panama City
🚶 Cost of living one person	$2323	$1560
👨‍👩‍👧‍👦 Cost of living Family	$5331	$3547
🏠 One person rent	$1411	$943
🏘️ Family rent	$2342	$1558
🍽️ Food expenses	$620	$429
🚐 Transport expenses	$125	$78.4
💳 Monthly salary after tax	$3970	$982
😷 Air quality	Excellent	Excellent
✈️ Airport proximity	13 km	7 km
🎓 Higher education	97	43
😀 Quality of life	92	71
🏙️ Population	586K	410K

The cost of living in Baltimore is 49% more expensive than in Panama City. Cities ranked 1219th and 3737th ($2323 vs $1560) in the list of the most expensive cities in the world and ranked 1063rd and 1st in the United States and Panama, respectively. Check the United States vs Panama comparison.

The average after-tax salary is enough to cover living expenses for 1.7 months in Baltimore compared to 0.6 months in Panama City. Baltimore ranked 35th best city to live in the United States vs Panama City ranked 1st in Panama, while ranked 128th and 3765th among best cities to live in the world.

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the estimated difference in money purchasing power

Cost of living in Baltimore vs Panama City infographic

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Prices in Baltimore vs Panama City

Prices for goods and services in Baltimore and Panama City are partly crowdsourced by our visitors, just like yourself. Please consider telling us about your city.

	Baltimore	Panama City
Eating Out
🍱 Lunch Menu	$17.4	$10.6
🥂 Dinner in a Restaurant, for 2	$75.3	$45.7
🥪 Fast food meal, equiv. McDonald's	$10.3	$8.08
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$6.15	$2.93
☕ Cappuccino	$5.38	$4.03
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$2.37	$1.69
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$1652	$1015
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$1117	$759
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$2831	$1675
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$1910	$1306
🔌 Utility Bill one person, electricity, heating, water, etc.	$114	$86.4
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$175	$133
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$73	$45.5
🏦 Mortgage Interest Rate for 20 Years	6.56%	6.41%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$2256	$2662
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$1977	$1618
Transportation
🚌 Local transport ticket	$2.01	$0.35
🎟️ Monthly ticket local transport	$85.2	$23.2
🚕 Taxi Ride, 8 km or 5 mi	$15.5	$20.5
⛽ Gas / Petrol, 1 L or 0.26 gal	$0.87	$0.97
Groceries
🥛 Milk, 1 L or 1 qt	$1.01	$1.79
🍞 Bread, 0.5 kg or 1.1 lb	$3.44	$2.25
🍚 Rice, 1 kg or 2.2 lb	$3.82	$2.11
🥚 Eggs, x12	$4.66	$3.17
🧀 Cheese, 1 kg or 2.2 lb	$12.9	$11.7
🐔 Chicken Breast, 1 kg or 2.2 lb	$9.47	$6.81
🥩 Round Steak, 1 kg or 2.2 lb	$16.2	$9.86
🍏 Apples, 1 kg or 2.2 lb	$5.63	$3.27
🍌 Banana, 1 kg or 2.2 lb	$1.55	$1.52
🍊 Oranges, 1 kg or 2.2 lb	$7.04	$3.27
🍅 Tomato, 1 kg or 2.2 lb	$4.83	$3.05
🥔 Potato, 1 kg or 2.2 lb	$2.48	$2.34
🧅 Onion, 1 kg or 2.2 lb	$2.94	$3.26
🌊 Water, 1 L or 1 qt	$1.81	$1.05
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$2.77	$2.44
🍾 Wine (mid-priced), 750 mL bottle	$14.8	$11.2
🍺 Beer, 0.5 L or 16 fl oz	$3.01	$1.38
🚬 Cigarette pack	$12.7	$5.92
💊 Cold medicince, 1 week	$8.17	$8.17
🧴 Hair Shampoo	$4.36	$8.06
🧻 Toilet paper, 4 rolls	$3.71	$2.98
👄 Toothpaste, 1 tube	$2.15	$3.05
Other
🏋️ Gym Membership, 1 month	$56.3	$42.6
🎫 Cinema Ticket, 1 person	$14.4	$7.32
👩‍⚕️ Doctor's visit	$122	$58.4
💇 Haircut, simple	$20.9	$14.3
👖 Brand Jeans	$52.1	$54
👟 Brand Sneakers	$96.4	$91.3
👶 Daycare or Preschool, 1 month	$1287	$477
🏫 International Primary School, 1 year	$19353	$15637

Cost of living in other countries

Cost of living

Cost of Living in the nearest cities

Cities near Baltimore

Distance	City	Cost of living
11 km or 6.6 mi	Catonsville	$2450
21 km or 13 mi	Owings Mills	$2581
23 km or 14 mi	Columbia	$2788
30 km or 19 mi	Laurel	$2338
31 km or 19 mi	Edgewood	$3069
32 km or 20 mi	Eldersburg	$2494
35 km or 22 mi	Bel Air South	$2824
36 km or 22 mi	Annapolis	$2940
37 km or 23 mi	Bel Air North	$2699
37 km or 23 mi	Bowie	$2495
40 km or 25 mi	Greenbelt	$2482
42 km or 26 mi	College Park	$2563
47 km or 29 mi	Silver Spring	$2287
52 km or 32 mi	Rockville	$2612
54 km or 34 mi	Bethesda	$2710
55 km or 34 mi	Gaithersburg	$2522
57 km or 35 mi	Washington	$3328
57 km or 36 mi	Georgetown	$3054
58 km or 36 mi	Germantown	$2601
65 km or 41 mi	Alexandria	$2919
66 km or 41 mi	Bailey's Crossroads	$2576
66 km or 41 mi	Hanover	$2255
71 km or 44 mi	Frederick	$2339
73 km or 45 mi	Reston	$2697
74 km or 46 mi	Springfield	$2355
75 km or 47 mi	Waldorf	$2509
75 km or 47 mi	Herndon	$2773
76 km or 47 mi	York	$1949
77 km or 48 mi	Fairfax	$2791
80 km or 50 mi	Ashburn	$2755
84 km or 52 mi	Leesburg	$2288
86 km or 54 mi	Newark	$2121
87 km or 54 mi	Centreville	$3275
88 km or 55 mi	Lancaster	$2050
91 km or 56 mi	Woodbridge	$2582
91 km or 57 mi	Marumsco	$2506
95 km or 59 mi	Dover	$2256
95 km or 59 mi	Manassas	$2693
98 km or 61 mi	Waynesboro	$1935
103 km or 64 mi	Hagerstown	$2066

Cities near Panama City

Distance	City	Cost of living
8.1 km or 5 mi	Balboa	$1400
16 km or 9.9 mi	Tocumen	$1377
26 km or 16 mi	Pacora	$1371
34 km or 21 mi	La Chorrera	$981
59 km or 37 mi	Colon	$1188
108 km or 67 mi	Penonome	$1150
154 km or 96 mi	Chitre	$1150
190 km or 118 mi	Santiago de Veraguas	$1122
321 km or 199 mi	Turbo	$721
329 km or 204 mi	David	$925
398 km or 247 mi	Monteria	$663
403 km or 250 mi	Limon	$1288
406 km or 252 mi	Santa Cruz de Lorica	$715
452 km or 281 mi	Sincelejo	$547
463 km or 288 mi	Cartagena	$1105
483 km or 300 mi	Quibdo	$708
494 km or 307 mi	Cartago	$1241
513 km or 319 mi	San Jose	$1398
518 km or 322 mi	Heredia	$1335
521 km or 324 mi	Magangue	$667
526 km or 327 mi	Bello	$881
529 km or 329 mi	Alajuela	$1303
530 km or 329 mi	Medellin	$1030
534 km or 332 mi	Envigado	$950
558 km or 347 mi	Soledad	$883
559 km or 348 mi	Barranquilla	$843
595 km or 370 mi	Puntarenas	$821
617 km or 383 mi	Cartago	$679
617 km or 383 mi	Cienaga	$831
623 km or 387 mi	Manizales	$678
627 km or 390 mi	Santa Teresa	$1236
627 km or 390 mi	Pereira	$730
631 km or 392 mi	Santa Marta	$929
632 km or 393 mi	Buenaventura	$782
636 km or 395 mi	Minca	$847
651 km or 404 mi	Salento	$655
652 km or 405 mi	Armenia	$667
657 km or 408 mi	Tulua	$511
658 km or 409 mi	Barrancabermeja	$1082
675 km or 419 mi	Liberia	$953