Memphis vs Panama City - Cost of Living Comparison

Updated: June 21, 2026

	Memphis	Panama City
🚶 Cost of living one person	$1917	$1590
👨‍👩‍👧‍👦 Cost of living Family	$4608	$3556
🏠 One person rent	$1113	$946
🏘️ Family rent	$1707	$1545
🍽️ Food expenses	$568	$439
🚐 Transport expenses	$89.1	$100
💳 Monthly salary after tax	$3719	$973
😷 Air quality	Excellent	Excellent
✈️ Airport proximity	8 km	7 km
🎓 Higher education	66	42
😀 Quality of life	87	71
🏙️ Population	633K	1.54M

The cost of living in Memphis is 21% more expensive than in Panama City. Cities ranked 2305th and 3634th ($1917 vs $1590) in the list of the most expensive cities in the world and ranked 1739th and 1st in the United States and Panama, respectively. Check the United States vs Panama comparison.

The average after-tax salary is enough to cover living expenses for 1.9 months in Memphis compared to 0.6 months in Panama City. Memphis ranked 96th best city to live in the United States vs Panama City ranked 1st in Panama, while ranked 311th and 3213th among best cities to live in the world.

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the estimated difference in money purchasing power

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Prices in Memphis vs Panama City

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

	Memphis	Panama City
Eating Out
🍱 Lunch Menu	$16.6	$9.69
🥂 Dinner in a Restaurant, for 2	$65.2	$45.4
🥪 Fast food meal, equiv. McDonald's	$10.9	$8.03
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$5.76	$2.93
☕ Cappuccino	$5.23	$4.3
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$2.3	$1.82
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$1107	$1068
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$892	$747
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$1660	$1913
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$1418	$1223
🔌 Utility Bill one person, electricity, heating, water, etc.	$112	$90.4
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$175	$140
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$65.6	$44.6
🏦 Mortgage Interest Rate for 20 Years	6.01%	6.27%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$1785	$3111
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$1360	$1732
Transportation
🚌 Local transport ticket	$1	$0.35
🎟️ Monthly ticket local transport	$49.5	$22.5
🚕 Taxi Ride, 8 km or 5 mi	$12.6	$14.7
⛽ Gas / Petrol, 1 L or 0.26 gal	$0.86	$0.98
Groceries
🥛 Milk, 1 L or 1 qt	$0.92	$1.83
🍞 Bread, 0.5 kg or 1.1 lb	$2.63	$2.17
🍚 Rice, 1 kg or 2.2 lb	$3.24	$2.34
🥚 Eggs, x12	$2.9	$3.11
🧀 Cheese, 1 kg or 2.2 lb	$10.6	$12.1
🐔 Chicken Breast, 1 kg or 2.2 lb	$9.32	$7.11
🥩 Round Steak, 1 kg or 2.2 lb	$18.5	$10.6
🍏 Apples, 1 kg or 2.2 lb	$4.26	$3.56
🍌 Banana, 1 kg or 2.2 lb	$1.77	$1.54
🍊 Oranges, 1 kg or 2.2 lb	$4.84	$3.7
🍅 Tomato, 1 kg or 2.2 lb	$4.64	$3.36
🥔 Potato, 1 kg or 2.2 lb	$2.33	$2.62
🧅 Onion, 1 kg or 2.2 lb	$3.51	$3.19
🌊 Water, 1 L or 1 qt	$1.58	$1.24
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$2.16	$2.37
🍾 Wine (mid-priced), 750 mL bottle	$14.6	$12.1
🍺 Beer, 0.5 L or 16 fl oz	$2.08	$1.35
🚬 Cigarette pack	$8.79	$5.95
💊 Cold medicince, 1 week	$8.17	$8.08
🧴 Hair Shampoo	$4.97	$7.95
🧻 Toilet paper, 4 rolls	$3.1	$2.92
👄 Toothpaste, 1 tube	$1.32	$3.05
Other
🏋️ Gym Membership, 1 month	$29.6	$41.9
🎫 Cinema Ticket, 1 person	$12.5	$7.52
👩‍⚕️ Doctor's visit	$132	$42.9
💇 Haircut, simple	$13.7	$14.5
👖 Brand Jeans	$44	$58.4
👟 Brand Sneakers	$78.5	$90.7
👶 Daycare or Preschool, 1 month	$1698	$505
🏫 International Primary School, 1 year	$27334	$11486

Cost of living in other countries

Cost of living

Cost of Living in the nearest cities

Cities near Memphis

Distance	City	Cost of living
16 km or 10 mi	Germantown	$2405
17 km or 10 mi	Bartlett	$2185
17 km or 10 mi	Southaven	$1891
19 km or 12 mi	Horn Lake	$1979
19 km or 12 mi	West Memphis	$1888
21 km or 13 mi	Olive Branch	$2058
27 km or 17 mi	Collierville	$2300
38 km or 24 mi	Atoka	$2171
94 km or 58 mi	Oxford	$1985
103 km or 64 mi	Jonesboro	$1782
115 km or 71 mi	Paragould	$1890
116 km or 72 mi	Dyersburg	$2079
119 km or 74 mi	Jackson	$1838
149 km or 92 mi	Tupelo	$1588
161 km or 100 mi	Searcy	$1829
187 km or 116 mi	Poplar Bluff	$1534
187 km or 116 mi	Cabot	$1638
197 km or 123 mi	Jacksonville	$1816
207 km or 128 mi	Sherwood	$1883
212 km or 132 mi	Starkville	$1525
213 km or 132 mi	Pine Bluff	$1862
213 km or 132 mi	North Little Rock	$1922
213 km or 132 mi	Florence	$1427
215 km or 134 mi	Greenville	$1940
219 km or 136 mi	Little Rock	$1868
223 km or 139 mi	Murray	$1818
226 km or 140 mi	Conway	$1756
230 km or 143 mi	Columbus	$1749
245 km or 153 mi	Benton	$1968
247 km or 153 mi	Cape Girardeau	$1725
249 km or 154 mi	Paducah	$1686
271 km or 168 mi	Columbia	$2027
276 km or 172 mi	Athens	$1812
279 km or 173 mi	Decatur	$1666
283 km or 176 mi	Clarksville	$2074
286 km or 178 mi	Spring Hill	$2291
288 km or 179 mi	Russellville	$1429
290 km or 180 mi	Hot Springs	$1427
295 km or 183 mi	Hopkinsville	$1829
296 km or 184 mi	Franklin	$2809

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