Georgetown vs Panama City - Cost of Living Comparison

Updated: March 02, 2025

	Georgetown	Panama City
🚶 Cost of living one person	$1062	$1479
👨‍👩‍👧‍👦 Cost of living Family	$3388	$3609
🏠 One person rent	$423	$846
🏘️ Family rent	$1181	$1592
🍽️ Food expenses	$480	$440
🚐 Transport expenses	$78.5	$83
💳 Monthly salary after tax	$536	$967
😷 Air quality	Moderate	Good
✈️ Airport proximity	7 km	7 km
🎓 Higher education	24	42
😀 Quality of life	47	67
🏙️ Population	235K	881K

The cost of living in Georgetown is 28% less expensive than in Panama City. Cities ranked 5085th and 3517th ($1062 vs $1479) in the list of the most expensive cities in the world and ranked 1st and 1st in Guyana and Panama, respectively. Check Guyana vs Panama comparison.

The average after-tax salary is enough to cover living expenses for 0.5 months in Georgetown compared to 0.7 months in Panama City. Georgetown ranked 1st best city to live in Guyana vs Panama City ranked 1st in Panama, while ranked 6400th and 3734th among best cities to live in the world.

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the estimated difference in money purchasing power

Cost of living in Georgetown vs Panama City infographic

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Prices in Georgetown vs Panama City

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

	Georgetown	Panama City
Eating Out
🍱 Lunch Menu	$9.42	$10.4
🥂 Dinner in a Restaurant, for 2	$54.9	$48.5
🥪 Fast food meal, equiv. McDonald's	$8.05	$8.06
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$2.05	$2.97
☕ Cappuccino	$4.68	$3.99
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$1.21	$1.66
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$564	$891
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$265	$681
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$1529	$1749
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$940	$1344
🔌 Utility Bill one person, electricity, heating, water, etc.	$48.8	$78
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$74.1	$121
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$49.3	$45.4
🏦 Mortgage Interest Rate for 20 Years	7.51%	6.28%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$3867	$2551
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$1730	$1632
Transportation
🚌 Local transport ticket	$0.57	$0.42
🎟️ Monthly ticket local transport	$31.4	$23.2
🚕 Taxi Ride, 8 km or 5 mi	$26.6	$14.3
⛽ Gas / Petrol, 1 L or 0.26 gal	$1.05	$0.96
Groceries
🥛 Milk, 1 L or 1 qt	$3.17	$1.8
🍞 Bread, 0.5 kg or 1.1 lb	$2.01	$2.19
🍚 Rice, 1 kg or 2.2 lb	$1.75	$2.33
🥚 Eggs, x12	$4.1	$2.77
🧀 Cheese, 1 kg or 2.2 lb	$12.4	$12.4
🐔 Chicken Breast, 1 kg or 2.2 lb	$6.37	$7.09
🥩 Round Steak, 1 kg or 2.2 lb	$9.57	$9.99
🍏 Apples, 1 kg or 2.2 lb	$8.08	$3.44
🍌 Banana, 1 kg or 2.2 lb	$2.73	$1.58
🍊 Oranges, 1 kg or 2.2 lb	$3.28	$2.89
🍅 Tomato, 1 kg or 2.2 lb	$4.6	$2.94
🥔 Potato, 1 kg or 2.2 lb	$2.17	$2.23
🧅 Onion, 1 kg or 2.2 lb	$2.94	$2.8
🌊 Water, 1 L or 1 qt	$0.97	$1.07
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$2.18	$2.31
🍾 Wine (mid-priced), 750 mL bottle	$18.6	$10
🍺 Beer, 0.5 L or 16 fl oz	$1.7	$1.29
🚬 Cigarette pack	$2.41	$5.98
💊 Cold medicince, 1 week	$11.7	$11.7
🧴 Hair Shampoo	$4.66	$7.94
🧻 Toilet paper, 4 rolls	$2.53	$3.37
👄 Toothpaste, 1 tube	$2.51	$3.71
Other
🏋️ Gym Membership, 1 month	$34.8	$45.3
🎫 Cinema Ticket, 1 person	$6.42	$7.22
👩‍⚕️ Doctor's visit	$22	$54.5
💇 Haircut, simple	$6.34	$12.9
👖 Brand Jeans	$33.7	$56.8
👟 Brand Sneakers	$112	$93.2
👶 Daycare or Preschool, 1 month	$883	$477
🏫 International Primary School, 1 year	$23423	$13616

Cost of living in other countries

Cost of living

$349

$907

$6.64K

Cost of Living in the nearest cities

Cities near Georgetown

Distance	City	Cost of living
88 km or 55 mi	Linden	$1031
93 km or 58 mi	New Amsterdam	$1033
161 km or 100 mi	Nieuw Nickerie	$856
347 km or 216 mi	Paramaribo	$881
479 km or 298 mi	Saint-Laurent-du-Maroni	$1247
487 km or 302 mi	Upata	$789
496 km or 308 mi	Tucupita	$777
521 km or 324 mi	Boa Vista	$560
524 km or 326 mi	Ciudad Guayana	$890
532 km or 331 mi	San Fernando	$953
547 km or 340 mi	Chaguanas	$1064
561 km or 349 mi	San Juan	$1178
565 km or 351 mi	Scarborough	$1084
567 km or 353 mi	Port of Spain	$1193
612 km or 380 mi	Ciudad Bolivar	$880
637 km or 396 mi	Kourou	$1645
643 km or 399 mi	Maturin	$890
677 km or 421 mi	Cayenne	$1643
704 km or 438 mi	St. George's	$1062
704 km or 438 mi	Grenville	$1070
706 km or 438 mi	Carupano	$737
711 km or 442 mi	El Tigre	$746
720 km or 447 mi	Bridgetown	$1353
730 km or 454 mi	Holetown	$1418
737 km or 458 mi	Cantaura	$674
753 km or 468 mi	Anaco	$639
775 km or 482 mi	Cumana	$716
778 km or 483 mi	Porlamar	$684
783 km or 487 mi	La Asuncion	$695
785 km or 488 mi	Kingstown	$1000
792 km or 492 mi	Georgetown	$1007
805 km or 500 mi	Puerto la Cruz	$791
808 km or 502 mi	Barcelona	$858
812 km or 504 mi	Lecheria	$837
830 km or 516 mi	Vieux Fort	$1197
837 km or 520 mi	Zaraza	$804
861 km or 535 mi	Castries	$1161
905 km or 562 mi	Valle de la Pascua	$782
926 km or 575 mi	Fort-de-France	$1568
966 km or 600 mi	Altagracia de Orituco	$847

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