George Town vs Panama City - Cost of Living Comparison

Updated:

Livingcost

George Town Panama City
🚶 Cost of living one person
$3795
$1590
👨‍👩‍👧‍👦 Cost of living Family
$8459
$3556
🏠 One person rent
$2638
$946
🏘️ Family rent
$4600
$1545
🍽️ Food expenses
$890
$439
🚐 Transport expenses
$75.8
$100
💳 Monthly salary after tax
$7880
$973
😷 Air quality
Excellent
Excellent
✈️ Airport proximity
2 km
7 km
🎓 Higher education
25
42
😀 Quality of life
80
71
🏙️ Population
47K
1.54M

The cost of living in George Town is 139% more expensive than in Panama City. Cities ranked 15th and 3634th ($3795 vs $1590) 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 2.1 months in George Town compared to 0.6 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 717th and 3213th among best cities to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

Share this picture

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
$9.69
🥂 Dinner in a Restaurant, for 2
$110
$45.4
🥪 Fast food meal, equiv. McDonald's
$15.8
$8.03
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$7.21
$2.93
☕ Cappuccino
$6.92
$4.3
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$3.42
$1.82
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$2779
$1068
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$2290
$747
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$5123
$1913
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$4062
$1223
🔌 Utility Bill one person, electricity, heating, water, etc.
$136
$90.4
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$212
$140
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$114
$44.6
🏦 Mortgage Interest Rate for 20 Years
8.19%
6.27%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$8738
$3111
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$3024
$1732
Transportation
🚌 Local transport ticket
$2.42
$0.35
🎟️ Monthly ticket local transport
$56.2
$22.5
🚕 Taxi Ride, 8 km or 5 mi
$28.7
$14.7
⛽ Gas / Petrol, 1 L or 0.26 gal
$1.64
$0.98
Groceries
🥛 Milk, 1 L or 1 qt
$3.79
$1.83
🍞 Bread, 0.5 kg or 1.1 lb
$4.84
$2.17
🍚 Rice, 1 kg or 2.2 lb
$5.18
$2.34
🥚 Eggs, x12
$7.74
$3.11
🧀 Cheese, 1 kg or 2.2 lb
$13.5
$12.1
🐔 Chicken Breast, 1 kg or 2.2 lb
$18.6
$7.11
🥩 Round Steak, 1 kg or 2.2 lb
$20
$10.6
🍏 Apples, 1 kg or 2.2 lb
$6.84
$3.56
🍌 Banana, 1 kg or 2.2 lb
$3.94
$1.54
🍊 Oranges, 1 kg or 2.2 lb
$6.62
$3.7
🍅 Tomato, 1 kg or 2.2 lb
$4.96
$3.36
🥔 Potato, 1 kg or 2.2 lb
$3.42
$2.62
🧅 Onion, 1 kg or 2.2 lb
$2.98
$3.19
🌊 Water, 1 L or 1 qt
$1.75
$1.24
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.89
$2.37
🍾 Wine (mid-priced), 750 mL bottle
$25.2
$12.1
🍺 Beer, 0.5 L or 16 fl oz
$4.16
$1.35
🚬 Cigarette pack
$14.5
$5.95
💊 Cold medicince, 1 week
$10
$8.08
🧴 Hair Shampoo
$5.67
$7.95
🧻 Toilet paper, 4 rolls
$4.08
$2.92
👄 Toothpaste, 1 tube
$2.56
$3.05
Other
🏋️ Gym Membership, 1 month
$50
$41.9
🎫 Cinema Ticket, 1 person
$18.5
$7.52
👩‍⚕️ Doctor's visit
$113
$42.9
💇 Haircut, simple
$25
$14.5
👖 Brand Jeans
$70.1
$58.4
👟 Brand Sneakers
$138
$90.7
👶 Daycare or Preschool, 1 month
$1829
$505
🏫 International Primary School, 1 year
$26968
$11486

Cost of living in other countries

Cost of living

More cities to compare

Cost of Living in the nearest cities

Cities near George Town

Distance City Cost of living
333 km or 207 mi Cienfuegos
$886
356 km or 221 mi Sancti Spiritus
$1232
361 km or 225 mi Savanna-la-Mar
$1201
375 km or 233 mi Montego Bay
$1092
377 km or 234 mi Santa Clara
$1158
381 km or 237 mi Placetas
$1090
385 km or 239 mi Colon
$1160
394 km or 245 mi Ciego de Avila
$1322
402 km or 250 mi Guines
$1213
412 km or 256 mi Florida
$1522
414 km or 257 mi Sagua La Grande
$1165
418 km or 260 mi Artemisa
$1168
418 km or 260 mi Cardenas
$1196
419 km or 260 mi Matanzas
$1163
422 km or 262 mi Pinar del Rio
$1212
425 km or 264 mi Moron
$1319
429 km or 266 mi Camaguey
$1619
430 km or 267 mi Mandeville
$1024
440 km or 273 mi Havana
$1073
459 km or 285 mi May Pen
$964
461 km or 287 mi Manzanillo
$2774
473 km or 294 mi Old Harbour
$1102
476 km or 296 mi Linstead
$1152
476 km or 296 mi Yara
$2128
487 km or 303 mi Spanish Town
$874
498 km or 310 mi Las Tunas
$1575
503 km or 312 mi Half Way Tree
$1314
504 km or 313 mi Kingston
$1482
510 km or 317 mi Bayamo
$1163
533 km or 331 mi Port Antonio
$1285
563 km or 350 mi Holguin
$1352
573 km or 356 mi Palma Soriano
$1274
587 km or 365 mi Santiago de Cuba
$1650
588 km or 365 mi Key West
$2957
593 km or 369 mi Cozumel
$1132
599 km or 372 mi Isla Mujeres
$1149
608 km or 378 mi Cancun
$1260
615 km or 382 mi Playa del Carmen
$1177
646 km or 401 mi Tulum
$1294
653 km or 405 mi Guantanamo
$1673

Cities near Panama City

Distance City Cost of living
8.1 km or 5 mi Balboa
$1396
16 km or 9.9 mi Tocumen
$1373
26 km or 16 mi Pacora
$1361
34 km or 21 mi La Chorrera
$982
59 km or 37 mi Colon
$1185
108 km or 67 mi Penonome
$1147
154 km or 96 mi Chitre
$1144
190 km or 118 mi Santiago de Veraguas
$1112
321 km or 199 mi Turbo
$797
329 km or 204 mi David
$909
398 km or 247 mi Monteria
$733
403 km or 250 mi Limon
$1228
406 km or 252 mi Santa Cruz de Lorica
$789
452 km or 281 mi Sincelejo
$586
463 km or 288 mi Cartagena
$1186
483 km or 300 mi Quibdo
$802
494 km or 307 mi Cartago
$1361
513 km or 319 mi San Jose
$1574
518 km or 322 mi Heredia
$1471
521 km or 324 mi Magangue
$727
526 km or 327 mi Bello
$1012
529 km or 329 mi Alajuela
$1362
530 km or 329 mi Medellin
$1162
534 km or 332 mi Envigado
$1041
558 km or 347 mi Soledad
$967
559 km or 348 mi Barranquilla
$931
595 km or 370 mi Puntarenas
$872
617 km or 383 mi Cartago
$769
617 km or 383 mi Cienaga
$882
623 km or 387 mi Manizales
$737
627 km or 390 mi Santa Teresa
$1325
627 km or 390 mi Pereira
$862
631 km or 392 mi Santa Marta
$973
632 km or 393 mi Buenaventura
$856
636 km or 395 mi Minca
$891
651 km or 404 mi Salento
$749
652 km or 405 mi Armenia
$749
657 km or 408 mi Tulua
$563
658 km or 409 mi Barrancabermeja
$1001
675 km or 419 mi Liberia
$1024