Copenhagen vs Panama City - Cost of Living Comparison

Updated: March 01, 2024

	Copenhagen	Panama City
🚶 Cost of living one person	$2387	$1316
👨‍👩‍👧‍👦 Cost of living Family	$5438	$3171
🏠 One person rent	$1384	$709
🏘️ Family rent	$2466	$1291
🍽️ Food expenses	$626	$426
🚐 Transport expenses	$204	$78
💳 Monthly salary after tax	$3915	$901
😷 Air quality	Excellent	Moderate
✈️ Airport proximity	8 km	7 km
🎓 Higher education	93	42
😀 Quality of life	96	67
🏙️ Population	644K	881K

The cost of living in Copenhagen is 81% more expensive than in Panama City. Cities ranked 872nd and 4138th ($2387 vs $1316) in the list of the most expensive cities in the world and ranked 1st and 1st in Denmark and Panama, respectively. Check Denmark vs Panama comparison.

The average after-tax salary is enough to cover living expenses for 1.6 months in Copenhagen compared to 0.7 months in Panama City. Copenhagen ranked 1st best city to live in Denmark vs Panama City ranked 1st in Panama, while ranked 9th and 3926th among best cities to live in the world.

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the estimated difference in money purchasing power

Cost of living in Copenhagen vs Panama City infographic

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Prices in Copenhagen vs Panama City

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

	Copenhagen	Panama City
Eating Out
🍱 Lunch Menu	$19.6	$11.5
🥂 Dinner in a Restaurant, for 2	$94.7	$51.8
🥪 Fast food meal, equiv. McDonald's	$13.6	$7.97
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$8.1	$2.6
☕ Cappuccino	$6.2	$4.35
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$4.03	$1.75
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$1538	$836
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$1122	$520
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$2867	$1703
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$2046	$980
🔌 Utility Bill one person, electricity, heating, water, etc.	$146	$78.2
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$223	$119
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$32.6	$47.6
🏦 Mortgage Interest Rate for 20 Years	4.14%	5.97%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$8131	$2399
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$5911	$1457
Transportation
🚌 Local transport ticket	$3.49	$0.35
🎟️ Monthly ticket local transport	$88.8	$25.9
🚕 Taxi Ride, 8 km or 5 mi	$32.1	$12
⛽ Gas / Petrol, 1 L or 0.26 gal	$2.08	$1.06
Groceries
🥛 Milk, 1 L or 1 qt	$2.02	$1.76
🍞 Bread, 0.5 kg or 1.1 lb	$3.28	$2.11
🍚 Rice, 1 kg or 2.2 lb	$2.65	$1.71
🥚 Eggs, x12	$5.02	$2.63
🧀 Cheese, 1 kg or 2.2 lb	$13.9	$11.9
🐔 Chicken Breast, 1 kg or 2.2 lb	$11.8	$7.45
🥩 Round Steak, 1 kg or 2.2 lb	$17.9	$8.87
🍏 Apples, 1 kg or 2.2 lb	$3.02	$2.91
🍌 Banana, 1 kg or 2.2 lb	$2.85	$1.37
🍊 Oranges, 1 kg or 2.2 lb	$3.19	$2.8
🍅 Tomato, 1 kg or 2.2 lb	$4.38	$2.81
🥔 Potato, 1 kg or 2.2 lb	$1.95	$2.1
🧅 Onion, 1 kg or 2.2 lb	$1.85	$2.02
🌊 Water, 1 L or 1 qt	$1.07	$0.98
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$3.03	$2.59
🍾 Wine (mid-priced), 750 mL bottle	$10.8	$9.98
🍺 Beer, 0.5 L or 16 fl oz	$1.86	$1.14
🚬 Cigarette pack	$9.02	$5.88
💊 Cold medicince, 1 week	$7.01	$9.43
🧴 Hair Shampoo	$3.92	$7.05
🧻 Toilet paper, 4 rolls	$2.7	$3.43
👄 Toothpaste, 1 tube	$2.22	$3.7
Other
🏋️ Gym Membership, 1 month	$41	$42
🎫 Cinema Ticket, 1 person	$17.8	$6.85
👩‍⚕️ Doctor's visit	$68.2	$48.6
💇 Haircut, simple	$26.4	$13.5
👖 Brand Jeans	$114	$54.3
👟 Brand Sneakers	$118	$86.9
👶 Daycare or Preschool, 1 month	$539	$408
🏫 International Primary School, 1 year	$8976	$9581

Cost of living in other countries

Cost of living

Cost of Living in the nearest cities

Cities near Copenhagen

Distance	City	Cost of living
2 km or 1.3 mi	Frederiksberg	$2008
8.5 km or 5.3 mi	Gentofte	$2011
23 km or 14 mi	Horsholm	$1887
28 km or 17 mi	Landskrona	$1276
30 km or 19 mi	Malmo	$1566
31 km or 19 mi	Roskilde	$1766
33 km or 21 mi	Hillerod	$1999
40 km or 25 mi	Lund	$1480
40 km or 25 mi	Staffanstorp	$1413
40 km or 25 mi	Helsingor	$1652
42 km or 26 mi	Helsingborg	$1392
51 km or 32 mi	Trelleborg	$1439
66 km or 41 mi	Angelholm	$1375
71 km or 44 mi	Naestved	$1638
92 km or 57 mi	Hassleholm	$1330
104 km or 65 mi	Kristianstad	$1181
111 km or 69 mi	Halmstad	$1318
141 km or 88 mi	Odense	$1972
141 km or 88 mi	Svendborg	$1569
154 km or 96 mi	Ljungby	$1363
156 km or 97 mi	Aarhus	$1880
156 km or 97 mi	Stralsund	$1392
159 km or 99 mi	Varberg	$1282
171 km or 106 mi	Horsens	$1541
177 km or 110 mi	Fredericia	$1584
179 km or 111 mi	Rostock	$1403
179 km or 111 mi	Randers	$1581
185 km or 115 mi	Greifswald	$1380
190 km or 118 mi	Varnamo	$1438
190 km or 118 mi	Vejle	$1657
193 km or 120 mi	Vaxjo	$1382
196 km or 122 mi	Sonderborg	$1398
196 km or 122 mi	Kolding	$1426
196 km or 122 mi	Silkeborg	$1506
199 km or 124 mi	Karlskrona	$1159
199 km or 124 mi	Haderslev	$1599
211 km or 131 mi	Wismar	$1338
211 km or 131 mi	Gustrow	$1380
215 km or 133 mi	Viborg	$1519
216 km or 134 mi	Kiel	$1329

Cities near Panama City

Distance	City	Cost of living
8.1 km or 5 mi	Balboa	$1189
16 km or 9.9 mi	Tocumen	$1171
26 km or 16 mi	Pacora	$1182
34 km or 21 mi	La Chorrera	$917
59 km or 37 mi	Colon	$1157
108 km or 67 mi	Penonome	$940
154 km or 96 mi	Chitre	$980
190 km or 118 mi	Santiago de Veraguas	$961
321 km or 199 mi	Turbo	$624
329 km or 204 mi	David	$789
398 km or 247 mi	Monteria	$633
403 km or 250 mi	Limon	$1147
406 km or 252 mi	Santa Cruz de Lorica	$573
452 km or 281 mi	Sincelejo	$536
463 km or 288 mi	Cartagena	$877
483 km or 300 mi	Quibdo	$649
494 km or 307 mi	Cartago	$1009
513 km or 319 mi	San Jose	$1169
518 km or 322 mi	Heredia	$1040
521 km or 324 mi	Magangue	$582
526 km or 327 mi	Bello	$778
529 km or 329 mi	Alajuela	$1163
530 km or 329 mi	Medellin	$867
534 km or 332 mi	Envigado	$812
558 km or 347 mi	Soledad	$851
559 km or 348 mi	Barranquilla	$780
595 km or 370 mi	Puntarenas	$1024
617 km or 383 mi	Cartago	$639
617 km or 383 mi	Cienaga	$661
623 km or 387 mi	Manizales	$727
627 km or 390 mi	Santa Teresa	$1114
627 km or 390 mi	Pereira	$639
631 km or 392 mi	Santa Marta	$705
632 km or 393 mi	Buenaventura	$552
636 km or 395 mi	Minca	$655
651 km or 404 mi	Salento	$567
652 km or 405 mi	Armenia	$551
657 km or 408 mi	Tulua	$493
658 km or 409 mi	Barrancabermeja	$592
675 km or 419 mi	Liberia	$1220