George Town vs Panama City - Cost of Living Comparison

Updated:

Livingcost

George Town Panama City
🚶 Cost of living one person
$3754
$1479
👨‍👩‍👧‍👦 Cost of living Family
$8993
$3609
🏠 One person rent
$2648
$846
🏘️ Family rent
$5345
$1592
🍽️ Food expenses
$845
$440
🚐 Transport expenses
$54.7
$83
💳 Monthly salary after tax
$6732
$967
😷 Air quality
Excellent
Good
✈️ Airport proximity
2 km
7 km
🎓 Higher education
20
42
😀 Quality of life
78
67
🏙️ Population
41K
881K

The cost of living in George Town is 154% more expensive than in Panama City. Cities ranked 11th and 3517th ($3754 vs $1479) in the list of the most expensive cities in the world and ranked 1st and 1st in the Cayman Islands and Panama, respectively. Check the Cayman Islands vs Panama comparison.

The average after-tax salary is enough to cover living expenses for 1.8 months in George Town compared to 0.7 months in Panama City. George Town ranked 1st best city to live in the Cayman Islands vs Panama City ranked 1st in Panama, while ranked 685th and 3734th among best cities to live in the world.

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Cost of living in George Town vs Panama City infographic

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Prices in George Town vs Panama City

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

George Town Panama City
Eating Out
🍱 Lunch Menu
$30.2
$10.4
🥂 Dinner in a Restaurant, for 2
$83.8
$48.5
🥪 Fast food meal, equiv. McDonald's
$15.5
$8.06
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$7.86
$2.97
☕ Cappuccino
$6.78
$3.99
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$3.77
$1.66
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$2615
$891
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$2356
$681
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$5826
$1749
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$4835
$1344
🔌 Utility Bill one person, electricity, heating, water, etc.
$128
$78
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$200
$121
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$112
$45.4
🏦 Mortgage Interest Rate for 20 Years
7.17%
6.28%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$10761
$2551
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$4170
$1632
Transportation
🚌 Local transport ticket
$2.39
$0.42
🎟️ Monthly ticket local transport
$29.9
$23.2
🚕 Taxi Ride, 8 km or 5 mi
$20.5
$14.3
⛽ Gas / Petrol, 1 L or 0.26 gal
$1.75
$0.96
Groceries
🥛 Milk, 1 L or 1 qt
$2.73
$1.8
🍞 Bread, 0.5 kg or 1.1 lb
$5.28
$2.19
🍚 Rice, 1 kg or 2.2 lb
$5.79
$2.33
🥚 Eggs, x12
$8.92
$2.77
🧀 Cheese, 1 kg or 2.2 lb
$11.8
$12.4
🐔 Chicken Breast, 1 kg or 2.2 lb
$16
$7.09
🥩 Round Steak, 1 kg or 2.2 lb
$16.4
$9.99
🍏 Apples, 1 kg or 2.2 lb
$5.25
$3.44
🍌 Banana, 1 kg or 2.2 lb
$4.58
$1.58
🍊 Oranges, 1 kg or 2.2 lb
$7.73
$2.89
🍅 Tomato, 1 kg or 2.2 lb
$4.85
$2.94
🥔 Potato, 1 kg or 2.2 lb
$2.97
$2.23
🧅 Onion, 1 kg or 2.2 lb
$2.86
$2.8
🌊 Water, 1 L or 1 qt
$1.98
$1.07
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.69
$2.31
🍾 Wine (mid-priced), 750 mL bottle
$24.1
$10
🍺 Beer, 0.5 L or 16 fl oz
$4.02
$1.29
🚬 Cigarette pack
$14.3
$5.98
💊 Cold medicince, 1 week
$9.8
$11.7
🧴 Hair Shampoo
$5.4
$7.94
🧻 Toilet paper, 4 rolls
$4.01
$3.37
👄 Toothpaste, 1 tube
$2.36
$3.71
Other
🏋️ Gym Membership, 1 month
$108
$45.3
🎫 Cinema Ticket, 1 person
$18.1
$7.22
👩‍⚕️ Doctor's visit
$111
$54.5
💇 Haircut, simple
$23.3
$12.9
👖 Brand Jeans
$90.6
$56.8
👟 Brand Sneakers
$140
$93.2
👶 Daycare or Preschool, 1 month
$1705
$477
🏫 International Primary School, 1 year
$24513
$13616

Cost of living in other countries

George TownPanama City

Cost of living

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Cost of Living in the nearest cities

Cities near George Town

Distance City Cost of living
333 km or 207 mi Cienfuegos
$865
356 km or 221 mi Sancti Spiritus
$1211
361 km or 225 mi Savanna-la-Mar
$1124
375 km or 233 mi Montego Bay
$1014
377 km or 234 mi Santa Clara
$1058
381 km or 237 mi Placetas
$1101
385 km or 239 mi Colon
$1122
394 km or 245 mi Ciego de Avila
$1258
402 km or 250 mi Guines
$1094
412 km or 256 mi Florida
$1395
414 km or 257 mi Sagua La Grande
$1107
418 km or 260 mi Artemisa
$1017
418 km or 260 mi Cardenas
$1214
419 km or 260 mi Matanzas
$1273
422 km or 262 mi Pinar del Rio
$1071
425 km or 264 mi Moron
$1259
429 km or 266 mi Camaguey
$1531
430 km or 267 mi Mandeville
$1000
440 km or 273 mi Havana
$926
459 km or 285 mi May Pen
$877
461 km or 287 mi Manzanillo
$2763
473 km or 294 mi Old Harbour
$870
476 km or 296 mi Linstead
$1063
476 km or 296 mi Yara
$2123
487 km or 303 mi Spanish Town
$787
498 km or 310 mi Las Tunas
$1561
503 km or 312 mi Half Way Tree
$1197
504 km or 313 mi Kingston
$1378
510 km or 317 mi Bayamo
$1166
533 km or 331 mi Port Antonio
$1170
563 km or 350 mi Holguin
$1266
573 km or 356 mi Palma Soriano
$1272
587 km or 365 mi Santiago de Cuba
$1415
588 km or 365 mi Key West
$2897
593 km or 369 mi Cozumel
$938
599 km or 372 mi Isla Mujeres
$996
608 km or 378 mi Cancun
$1132
615 km or 382 mi Playa del Carmen
$998
646 km or 401 mi Tulum
$1051
653 km or 405 mi Guantanamo
$1561

Cities near Panama City

Distance City Cost of living
8.1 km or 5 mi Balboa
$1328
16 km or 9.9 mi Tocumen
$1310
26 km or 16 mi Pacora
$1304
34 km or 21 mi La Chorrera
$957
59 km or 37 mi Colon
$1172
108 km or 67 mi Penonome
$1116
154 km or 96 mi Chitre
$1117
190 km or 118 mi Santiago de Veraguas
$1089
321 km or 199 mi Turbo
$664
329 km or 204 mi David
$890
398 km or 247 mi Monteria
$645
403 km or 250 mi Limon
$1225
406 km or 252 mi Santa Cruz de Lorica
$669
452 km or 281 mi Sincelejo
$524
463 km or 288 mi Cartagena
$760
483 km or 300 mi Quibdo
$705
494 km or 307 mi Cartago
$1024
513 km or 319 mi San Jose
$1324
518 km or 322 mi Heredia
$1296
521 km or 324 mi Magangue
$604
526 km or 327 mi Bello
$839
529 km or 329 mi Alajuela
$1269
530 km or 329 mi Medellin
$906
534 km or 332 mi Envigado
$897
558 km or 347 mi Soledad
$741
559 km or 348 mi Barranquilla
$773
595 km or 370 mi Puntarenas
$801
617 km or 383 mi Cartago
$649
617 km or 383 mi Cienaga
$742
623 km or 387 mi Manizales
$653
627 km or 390 mi Santa Teresa
$1213
627 km or 390 mi Pereira
$680
631 km or 392 mi Santa Marta
$837
632 km or 393 mi Buenaventura
$742
636 km or 395 mi Minca
$759
651 km or 404 mi Salento
$605
652 km or 405 mi Armenia
$598
657 km or 408 mi Tulua
$513
658 km or 409 mi Barrancabermeja
$1031
675 km or 419 mi Liberia
$932