Copenhagen vs Panama City - Cost of Living Comparison

Updated: October 10, 2024

	Copenhagen	Panama City
🚶 Cost of living one person	$2483	$1384
👨‍👩‍👧‍👦 Cost of living Family	$5751	$3435
🏠 One person rent	$1424	$751
🏘️ Family rent	$2573	$1474
🍽️ Food expenses	$670	$444
🚐 Transport expenses	$204	$84.4
💳 Monthly salary after tax	$4295	$914
😷 Air quality	Excellent	Good
✈️ Airport proximity	8 km	7 km
🎓 Higher education	93	42
😀 Quality of life	97	66
🏙️ Population	644K	881K

The cost of living in Copenhagen is 79% more expensive than in Panama City. Cities ranked 795th and 4139th ($2483 vs $1384) 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 1.7 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 3919th 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	$20.2	$12.3
🥂 Dinner in a Restaurant, for 2	$107	$55.2
🥪 Fast food meal, equiv. McDonald's	$14.9	$7.6
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$8.66	$2.94
☕ Cappuccino	$6.74	$4.25
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$3.88	$1.9
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$1540	$827
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$1168	$577
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$3033	$1757
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$2129	$1198
🔌 Utility Bill one person, electricity, heating, water, etc.	$144	$76.7
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$224	$118
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$38.4	$47.4
🏦 Mortgage Interest Rate for 20 Years	4.19%	6.12%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$8402	$2406
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$5773	$1535
Transportation
🚌 Local transport ticket	$3.61	$0.35
🎟️ Monthly ticket local transport	$105	$26.2
🚕 Taxi Ride, 8 km or 5 mi	$28.1	$13.9
⛽ Gas / Petrol, 1 L or 0.26 gal	$2.14	$1.02
Groceries
🥛 Milk, 1 L or 1 qt	$2.09	$1.78
🍞 Bread, 0.5 kg or 1.1 lb	$3.42	$2.12
🍚 Rice, 1 kg or 2.2 lb	$2.75	$2.08
🥚 Eggs, x12	$5.16	$2.67
🧀 Cheese, 1 kg or 2.2 lb	$13.5	$13.2
🐔 Chicken Breast, 1 kg or 2.2 lb	$12.4	$7.23
🥩 Round Steak, 1 kg or 2.2 lb	$16.9	$10.4
🍏 Apples, 1 kg or 2.2 lb	$3.1	$3.11
🍌 Banana, 1 kg or 2.2 lb	$3.29	$1.54
🍊 Oranges, 1 kg or 2.2 lb	$3.47	$3.09
🍅 Tomato, 1 kg or 2.2 lb	$4.87	$2.94
🥔 Potato, 1 kg or 2.2 lb	$2.11	$2.19
🧅 Onion, 1 kg or 2.2 lb	$2.09	$2.5
🌊 Water, 1 L or 1 qt	$1.1	$1
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$3.01	$2.51
🍾 Wine (mid-priced), 750 mL bottle	$10.7	$9.03
🍺 Beer, 0.5 L or 16 fl oz	$1.93	$1.14
🚬 Cigarette pack	$9.52	$5.89
💊 Cold medicince, 1 week	$9.24	$10.5
🧴 Hair Shampoo	$4.34	$6.97
🧻 Toilet paper, 4 rolls	$2.61	$3.12
👄 Toothpaste, 1 tube	$2.03	$3.06
Other
🏋️ Gym Membership, 1 month	$42.2	$43.8
🎫 Cinema Ticket, 1 person	$19.6	$6.71
👩‍⚕️ Doctor's visit	$69.8	$49.1
💇 Haircut, simple	$28.8	$13.7
👖 Brand Jeans	$121	$54.3
👟 Brand Sneakers	$125	$90.2
👶 Daycare or Preschool, 1 month	$591	$437
🏫 International Primary School, 1 year	$13230	$9531

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	$2378
8.5 km or 5.3 mi	Gentofte	$2203
23 km or 14 mi	Horsholm	$2006
28 km or 17 mi	Landskrona	$1294
30 km or 19 mi	Malmo	$1570
31 km or 19 mi	Roskilde	$1867
33 km or 21 mi	Hillerod	$2088
40 km or 25 mi	Lund	$1459
40 km or 25 mi	Staffanstorp	$1439
40 km or 25 mi	Helsingor	$1713
42 km or 26 mi	Helsingborg	$1306
51 km or 32 mi	Trelleborg	$1436
66 km or 41 mi	Angelholm	$1347
71 km or 44 mi	Naestved	$1864
92 km or 57 mi	Hassleholm	$1333
104 km or 65 mi	Kristianstad	$1218
111 km or 69 mi	Halmstad	$1341
141 km or 88 mi	Odense	$2046
141 km or 88 mi	Svendborg	$1688
154 km or 96 mi	Ljungby	$1442
156 km or 97 mi	Aarhus	$1966
156 km or 97 mi	Stralsund	$1548
159 km or 99 mi	Varberg	$1299
171 km or 106 mi	Horsens	$1499
177 km or 110 mi	Fredericia	$1608
179 km or 111 mi	Rostock	$1532
179 km or 111 mi	Randers	$1618
185 km or 115 mi	Greifswald	$1578
190 km or 118 mi	Varnamo	$1434
190 km or 118 mi	Vejle	$1636
193 km or 120 mi	Vaxjo	$1328
196 km or 122 mi	Sonderborg	$1502
196 km or 122 mi	Kolding	$1476
196 km or 122 mi	Silkeborg	$1654
199 km or 124 mi	Karlskrona	$1324
199 km or 124 mi	Haderslev	$1536
211 km or 131 mi	Wismar	$1364
211 km or 131 mi	Gustrow	$1476
215 km or 133 mi	Viborg	$1565
216 km or 134 mi	Kiel	$1546

Cities near Panama City

Distance	City	Cost of living
8.1 km or 5 mi	Balboa	$1249
16 km or 9.9 mi	Tocumen	$1231
26 km or 16 mi	Pacora	$1249
34 km or 21 mi	La Chorrera	$953
59 km or 37 mi	Colon	$1182
108 km or 67 mi	Penonome	$1098
154 km or 96 mi	Chitre	$1091
190 km or 118 mi	Santiago de Veraguas	$1056
321 km or 199 mi	Turbo	$634
329 km or 204 mi	David	$833
398 km or 247 mi	Monteria	$620
403 km or 250 mi	Limon	$1201
406 km or 252 mi	Santa Cruz de Lorica	$638
452 km or 281 mi	Sincelejo	$506
463 km or 288 mi	Cartagena	$748
483 km or 300 mi	Quibdo	$661
494 km or 307 mi	Cartago	$961
513 km or 319 mi	San Jose	$1239
518 km or 322 mi	Heredia	$1246
521 km or 324 mi	Magangue	$582
526 km or 327 mi	Bello	$789
529 km or 329 mi	Alajuela	$1233
530 km or 329 mi	Medellin	$873
534 km or 332 mi	Envigado	$871
558 km or 347 mi	Soledad	$840
559 km or 348 mi	Barranquilla	$789
595 km or 370 mi	Puntarenas	$1277
617 km or 383 mi	Cartago	$619
617 km or 383 mi	Cienaga	$831
623 km or 387 mi	Manizales	$653
627 km or 390 mi	Santa Teresa	$1310
627 km or 390 mi	Pereira	$641
631 km or 392 mi	Santa Marta	$979
632 km or 393 mi	Buenaventura	$718
636 km or 395 mi	Minca	$863
651 km or 404 mi	Salento	$562
652 km or 405 mi	Armenia	$541
657 km or 408 mi	Tulua	$477
658 km or 409 mi	Barrancabermeja	$573
675 km or 419 mi	Liberia	$898