George Town vs Panama City - Cost of Living Comparison

Updated:

Livingcost

George Town Panama City
🚶 Cost of living one person
$3374
$1316
👨‍👩‍👧‍👦 Cost of living Family
$8402
$3171
🏠 One person rent
$2280
$709
🏘️ Family rent
$4877
$1291
🍽️ Food expenses
$837
$426
🚐 Transport expenses
$58.3
$78
💳 Monthly salary after tax
$4688
$901
😷 Air quality
Excellent
Moderate
✈️ Airport proximity
2 km
7 km
🎓 Higher education
20
42
😀 Quality of life
77
67
🏙️ Population
41K
881K

The cost of living in George Town is 156% more expensive than in Panama City. Cities ranked 32nd and 4138th ($3374 vs $1316) 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 1.4 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 754th and 3926th 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
$11.5
🥂 Dinner in a Restaurant, for 2
$83.8
$51.8
🥪 Fast food meal, equiv. McDonald's
$14.9
$7.97
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$7.15
$2.6
 Cappuccino
$6.34
$4.35
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$3.42
$1.75
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$2356
$836
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$1954
$520
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$5734
$1703
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$4269
$980
🔌 Utility Bill one person, electricity, heating, water, etc.
$126
$78.2
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$195
$119
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$120
$47.6
🏦 Mortgage Interest Rate for 20 Years
7.08%
5.97%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$8481
$2399
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$5200
$1457
Transportation
🚌 Local transport ticket
$2.4
$0.35
🎟️ Monthly ticket local transport
$30.1
$25.9
🚕 Taxi Ride, 8 km or 5 mi
$22.5
$12
 Gas / Petrol, 1 L or 0.26 gal
$1.84
$1.06
Groceries
🥛 Milk, 1 L or 1 qt
$3.78
$1.76
🍞 Bread, 0.5 kg or 1.1 lb
$4.86
$2.11
🍚 Rice, 1 kg or 2.2 lb
$6.2
$1.71
🥚 Eggs, x12
$7.93
$2.63
🧀 Cheese, 1 kg or 2.2 lb
$13.2
$11.9
🐔 Chicken Breast, 1 kg or 2.2 lb
$12
$7.45
🥩 Round Steak, 1 kg or 2.2 lb
$14.7
$8.87
🍏 Apples, 1 kg or 2.2 lb
$9.7
$2.91
🍌 Banana, 1 kg or 2.2 lb
$3.87
$1.37
🍊 Oranges, 1 kg or 2.2 lb
$7.5
$2.8
🍅 Tomato, 1 kg or 2.2 lb
$4.89
$2.81
🥔 Potato, 1 kg or 2.2 lb
$3.02
$2.1
🧅 Onion, 1 kg or 2.2 lb
$2.98
$2.02
🌊 Water, 1 L or 1 qt
$1.9
$0.98
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.74
$2.59
🍾 Wine (mid-priced), 750 mL bottle
$23.9
$9.98
🍺 Beer, 0.5 L or 16 fl oz
$4.41
$1.14
🚬 Cigarette pack
$13.2
$5.88
💊 Cold medicince, 1 week
$9.74
$9.43
🧴 Hair Shampoo
$5.49
$7.05
🧻 Toilet paper, 4 rolls
$4.3
$3.43
👄 Toothpaste, 1 tube
$2.35
$3.7
Other
🏋️ Gym Membership, 1 month
$78.3
$42
🎫 Cinema Ticket, 1 person
$17.8
$6.85
👩‍⚕️ Doctor's visit
$112
$48.6
💇 Haircut, simple
$24.3
$13.5
👖 Brand Jeans
$86
$54.3
👟 Brand Sneakers
$139
$86.9
👶 Daycare or Preschool, 1 month
$1229
$408
🏫 International Primary School, 1 year
$25346
$9581

Cost of living in other countries

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Cities near George Town

Distance City Cost of living
333 km or 207 mi Cienfuegos
$1247
356 km or 221 mi Sancti Spiritus
$1507
361 km or 225 mi Savanna-la-Mar
$1020
375 km or 233 mi Montego Bay
$1005
377 km or 234 mi Santa Clara
$1312
381 km or 237 mi Placetas
$1371
385 km or 239 mi Colon
$1209
394 km or 245 mi Ciego de Avila
$1654
402 km or 250 mi Guines
$1138
412 km or 256 mi Florida
$1784
414 km or 257 mi Sagua La Grande
$1269
418 km or 260 mi Artemisa
$1092
418 km or 260 mi Cardenas
$1220
419 km or 260 mi Matanzas
$1182
422 km or 262 mi Pinar del Rio
$1137
425 km or 264 mi Moron
$1626
429 km or 266 mi Camaguey
$1869
430 km or 267 mi Mandeville
$674
440 km or 273 mi Havana
$1001
459 km or 285 mi May Pen
$768
461 km or 287 mi Manzanillo
$2841
473 km or 294 mi Old Harbour
$698
476 km or 296 mi Linstead
$936
476 km or 296 mi Yara
$2555
487 km or 303 mi Spanish Town
$758
498 km or 310 mi Las Tunas
$1727
503 km or 312 mi Half Way Tree
$1062
504 km or 313 mi Kingston
$1250
510 km or 317 mi Bayamo
$2153
533 km or 331 mi Port Antonio
$1005
563 km or 350 mi Holguin
$1176
573 km or 356 mi Palma Soriano
$1536
587 km or 365 mi Santiago de Cuba
$1527
588 km or 365 mi Key West
$3241
593 km or 369 mi Cozumel
$940
599 km or 372 mi Isla Mujeres
$1048
608 km or 378 mi Cancun
$1291
615 km or 382 mi Playa del Carmen
$1101
646 km or 401 mi Tulum
$1322
653 km or 405 mi Guantanamo
$1671

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