Memphis vs Panama City - Cost of Living Comparison

Updated: October 10, 2024

	Memphis	Panama City
🚶 Cost of living one person	$1842	$1384
👨‍👩‍👧‍👦 Cost of living Family	$4402	$3435
🏠 One person rent	$1073	$751
🏘️ Family rent	$1650	$1474
🍽️ Food expenses	$554	$444
🚐 Transport expenses	$71.2	$84.4
💳 Monthly salary after tax	$3551	$914
😷 Air quality	Excellent	Good
✈️ Airport proximity	8 km	7 km
🎓 Higher education	67	42
😀 Quality of life	87	66
🏙️ Population	633K	881K

The cost of living in Memphis is 33% more expensive than in Panama City. Cities ranked 2338th and 4139th ($1842 vs $1384) in the list of the most expensive cities in the world and ranked 1841st 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 0.7 months in Panama City. Memphis ranked 67th best city to live in the United States vs Panama City ranked 1st in Panama, while ranked 247th and 3919th among best cities to live in the world.

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the estimated difference in money purchasing power

Cost of living in Memphis vs Panama City infographic

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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	$14.9	$12.3
🥂 Dinner in a Restaurant, for 2	$58.2	$55.2
🥪 Fast food meal, equiv. McDonald's	$9.57	$7.6
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$5.44	$2.94
☕ Cappuccino	$4.96	$4.25
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$2.49	$1.9
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$950	$827
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$858	$577
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$1501	$1757
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$1354	$1198
🔌 Utility Bill one person, electricity, heating, water, etc.	$132	$76.7
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$202	$118
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$64.5	$47.4
🏦 Mortgage Interest Rate for 20 Years	6.59%	6.12%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$1379	$2406
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$1357	$1535
Transportation
🚌 Local transport ticket	$1.25	$0.35
🎟️ Monthly ticket local transport	$24.5	$26.2
🚕 Taxi Ride, 8 km or 5 mi	$12.6	$13.9
⛽ Gas / Petrol, 1 L or 0.26 gal	$0.82	$1.02
Groceries
🥛 Milk, 1 L or 1 qt	$0.95	$1.78
🍞 Bread, 0.5 kg or 1.1 lb	$2.33	$2.12
🍚 Rice, 1 kg or 2.2 lb	$3.64	$2.08
🥚 Eggs, x12	$3.31	$2.67
🧀 Cheese, 1 kg or 2.2 lb	$10.1	$13.2
🐔 Chicken Breast, 1 kg or 2.2 lb	$9.76	$7.23
🥩 Round Steak, 1 kg or 2.2 lb	$16	$10.4
🍏 Apples, 1 kg or 2.2 lb	$5.65	$3.11
🍌 Banana, 1 kg or 2.2 lb	$1.61	$1.54
🍊 Oranges, 1 kg or 2.2 lb	$4.98	$3.09
🍅 Tomato, 1 kg or 2.2 lb	$4.64	$2.94
🥔 Potato, 1 kg or 2.2 lb	$3.35	$2.19
🧅 Onion, 1 kg or 2.2 lb	$3.1	$2.5
🌊 Water, 1 L or 1 qt	$1.57	$1
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$2.15	$2.51
🍾 Wine (mid-priced), 750 mL bottle	$15.3	$9.03
🍺 Beer, 0.5 L or 16 fl oz	$2.06	$1.14
🚬 Cigarette pack	$7.73	$5.89
💊 Cold medicince, 1 week	$8.16	$10.5
🧴 Hair Shampoo	$4.97	$6.97
🧻 Toilet paper, 4 rolls	$3.09	$3.12
👄 Toothpaste, 1 tube	$1.32	$3.06
Other
🏋️ Gym Membership, 1 month	$33.6	$43.8
🎫 Cinema Ticket, 1 person	$12.2	$6.71
👩‍⚕️ Doctor's visit	$130	$49.1
💇 Haircut, simple	$13.7	$13.7
👖 Brand Jeans	$40.1	$54.3
👟 Brand Sneakers	$75.3	$90.2
👶 Daycare or Preschool, 1 month	$1428	$437
🏫 International Primary School, 1 year	$27502	$9531

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	$2358
17 km or 10 mi	Bartlett	$2122
17 km or 10 mi	Southaven	$2055
19 km or 12 mi	Horn Lake	$2065
19 km or 12 mi	West Memphis	$1818
21 km or 13 mi	Olive Branch	$2064
27 km or 17 mi	Collierville	$2262
38 km or 24 mi	Atoka	$2089
94 km or 58 mi	Oxford	$2030
103 km or 64 mi	Jonesboro	$1736
115 km or 71 mi	Paragould	$1839
116 km or 72 mi	Dyersburg	$1995
119 km or 74 mi	Jackson	$1687
149 km or 92 mi	Tupelo	$1883
161 km or 100 mi	Searcy	$1774
187 km or 116 mi	Poplar Bluff	$1849
187 km or 116 mi	Cabot	$1656
197 km or 123 mi	Jacksonville	$1781
207 km or 128 mi	Sherwood	$1806
212 km or 132 mi	Starkville	$1615
213 km or 132 mi	Pine Bluff	$1798
213 km or 132 mi	North Little Rock	$1836
213 km or 132 mi	Florence	$1323
215 km or 134 mi	Greenville	$1985
219 km or 136 mi	Little Rock	$1756
223 km or 139 mi	Murray	$1802
226 km or 140 mi	Conway	$1516
230 km or 143 mi	Columbus	$1795
245 km or 153 mi	Benton	$1983
247 km or 153 mi	Cape Girardeau	$1586
249 km or 154 mi	Paducah	$1708
271 km or 168 mi	Columbia	$2028
276 km or 172 mi	Athens	$1926
279 km or 173 mi	Decatur	$1854
283 km or 176 mi	Clarksville	$1607
286 km or 178 mi	Spring Hill	$2552
288 km or 179 mi	Russellville	$1543
290 km or 180 mi	Hot Springs	$1325
295 km or 183 mi	Hopkinsville	$1805
296 km or 184 mi	Franklin	$2670

Cities near Panama City

Distance	City	Cost of living
8.1 km or 5 mi	Balboa	$1249
16 km or 9.9 mi	Tocumen	$1231
26 km or 16 mi	Pacora	$1249
34 km or 21 mi	La Chorrera	$953
59 km or 37 mi	Colon	$1182
108 km or 67 mi	Penonome	$1098
154 km or 96 mi	Chitre	$1091
190 km or 118 mi	Santiago de Veraguas	$1056
321 km or 199 mi	Turbo	$634
329 km or 204 mi	David	$833
398 km or 247 mi	Monteria	$620
403 km or 250 mi	Limon	$1201
406 km or 252 mi	Santa Cruz de Lorica	$638
452 km or 281 mi	Sincelejo	$506
463 km or 288 mi	Cartagena	$748
483 km or 300 mi	Quibdo	$661
494 km or 307 mi	Cartago	$961
513 km or 319 mi	San Jose	$1239
518 km or 322 mi	Heredia	$1246
521 km or 324 mi	Magangue	$582
526 km or 327 mi	Bello	$789
529 km or 329 mi	Alajuela	$1233
530 km or 329 mi	Medellin	$873
534 km or 332 mi	Envigado	$871
558 km or 347 mi	Soledad	$840
559 km or 348 mi	Barranquilla	$789
595 km or 370 mi	Puntarenas	$1277
617 km or 383 mi	Cartago	$619
617 km or 383 mi	Cienaga	$831
623 km or 387 mi	Manizales	$653
627 km or 390 mi	Santa Teresa	$1310
627 km or 390 mi	Pereira	$641
631 km or 392 mi	Santa Marta	$979
632 km or 393 mi	Buenaventura	$718
636 km or 395 mi	Minca	$863
651 km or 404 mi	Salento	$562
652 km or 405 mi	Armenia	$541
657 km or 408 mi	Tulua	$477
658 km or 409 mi	Barrancabermeja	$573
675 km or 419 mi	Liberia	$898