Memphis vs Panama City - Cost of Living Comparison

Updated: October 14, 2025

	Memphis	Panama City
🚶 Cost of living one person	$1891	$1560
👨‍👩‍👧‍👦 Cost of living Family	$4432	$3547
🏠 One person rent	$1087	$943
🏘️ Family rent	$1566	$1558
🍽️ Food expenses	$571	$429
🚐 Transport expenses	$87.8	$78.4
💳 Monthly salary after tax	$3456	$982
😷 Air quality	Excellent	Excellent
✈️ Airport proximity	8 km	7 km
🎓 Higher education	66	43
😀 Quality of life	89	71
🏙️ Population	633K	410K

The cost of living in Memphis is 21% more expensive than in Panama City. Cities ranked 2352nd and 3737th ($1891 vs $1560) in the list of the most expensive cities in the world and ranked 1822nd 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 1.8 months in Memphis compared to 0.6 months in Panama City. Memphis ranked 93rd best city to live in the United States vs Panama City ranked 1st in Panama, while ranked 293rd and 3765th 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	$16.4	$10.6
🥂 Dinner in a Restaurant, for 2	$65	$45.7
🥪 Fast food meal, equiv. McDonald's	$11	$8.08
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$5.8	$2.93
☕ Cappuccino	$5.05	$4.03
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$2.51	$1.69
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$978	$1015
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$882	$759
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$1417	$1675
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$1286	$1306
🔌 Utility Bill one person, electricity, heating, water, etc.	$124	$86.4
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$192	$133
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$61.8	$45.5
🏦 Mortgage Interest Rate for 20 Years	6.37%	6.41%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$1517	$2662
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$1503	$1618
Transportation
🚌 Local transport ticket	$1.01	$0.35
🎟️ Monthly ticket local transport	$49.4	$23.2
🚕 Taxi Ride, 8 km or 5 mi	$12.5	$20.5
⛽ Gas / Petrol, 1 L or 0.26 gal	$0.76	$0.97
Groceries
🥛 Milk, 1 L or 1 qt	$0.94	$1.79
🍞 Bread, 0.5 kg or 1.1 lb	$2.47	$2.25
🍚 Rice, 1 kg or 2.2 lb	$3.7	$2.11
🥚 Eggs, x12	$3.09	$3.17
🧀 Cheese, 1 kg or 2.2 lb	$10.7	$11.7
🐔 Chicken Breast, 1 kg or 2.2 lb	$9.38	$6.81
🥩 Round Steak, 1 kg or 2.2 lb	$15.4	$9.86
🍏 Apples, 1 kg or 2.2 lb	$5.28	$3.27
🍌 Banana, 1 kg or 2.2 lb	$1.62	$1.52
🍊 Oranges, 1 kg or 2.2 lb	$5.35	$3.27
🍅 Tomato, 1 kg or 2.2 lb	$4.57	$3.05
🥔 Potato, 1 kg or 2.2 lb	$1.75	$2.34
🧅 Onion, 1 kg or 2.2 lb	$3.47	$3.26
🌊 Water, 1 L or 1 qt	$1.7	$1.05
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$2.15	$2.44
🍾 Wine (mid-priced), 750 mL bottle	$14.9	$11.2
🍺 Beer, 0.5 L or 16 fl oz	$2.09	$1.38
🚬 Cigarette pack	$7.68	$5.92
💊 Cold medicince, 1 week	$8.05	$8.17
🧴 Hair Shampoo	$4.95	$8.06
🧻 Toilet paper, 4 rolls	$3.1	$2.98
👄 Toothpaste, 1 tube	$1.33	$3.05
Other
🏋️ Gym Membership, 1 month	$25.5	$42.6
🎫 Cinema Ticket, 1 person	$12.5	$7.32
👩‍⚕️ Doctor's visit	$131	$58.4
💇 Haircut, simple	$13.6	$14.3
👖 Brand Jeans	$40.8	$54
👟 Brand Sneakers	$77.6	$91.3
👶 Daycare or Preschool, 1 month	$1574	$477
🏫 International Primary School, 1 year	$27140	$15637

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	$2392
17 km or 10 mi	Bartlett	$2182
17 km or 10 mi	Southaven	$1991
19 km or 12 mi	Horn Lake	$2021
19 km or 12 mi	West Memphis	$1854
21 km or 13 mi	Olive Branch	$2087
27 km or 17 mi	Collierville	$2306
38 km or 24 mi	Atoka	$2144
94 km or 58 mi	Oxford	$1994
103 km or 64 mi	Jonesboro	$1749
115 km or 71 mi	Paragould	$1858
116 km or 72 mi	Dyersburg	$2034
119 km or 74 mi	Jackson	$1635
149 km or 92 mi	Tupelo	$1670
161 km or 100 mi	Searcy	$1837
187 km or 116 mi	Poplar Bluff	$1813
187 km or 116 mi	Cabot	$1637
197 km or 123 mi	Jacksonville	$1843
207 km or 128 mi	Sherwood	$1948
212 km or 132 mi	Starkville	$1593
213 km or 132 mi	Pine Bluff	$1878
213 km or 132 mi	North Little Rock	$2033
213 km or 132 mi	Florence	$1404
215 km or 134 mi	Greenville	$1960
219 km or 136 mi	Little Rock	$2007
223 km or 139 mi	Murray	$1818
226 km or 140 mi	Conway	$1763
230 km or 143 mi	Columbus	$1783
245 km or 153 mi	Benton	$1966
247 km or 153 mi	Cape Girardeau	$1685
249 km or 154 mi	Paducah	$1710
271 km or 168 mi	Columbia	$2041
276 km or 172 mi	Athens	$1889
279 km or 173 mi	Decatur	$1828
283 km or 176 mi	Clarksville	$2165
286 km or 178 mi	Spring Hill	$2609
288 km or 179 mi	Russellville	$1397
290 km or 180 mi	Hot Springs	$1354
295 km or 183 mi	Hopkinsville	$1830
296 km or 184 mi	Franklin	$2855

Cities near Panama City

Distance	City	Cost of living
8.1 km or 5 mi	Balboa	$1400
16 km or 9.9 mi	Tocumen	$1377
26 km or 16 mi	Pacora	$1371
34 km or 21 mi	La Chorrera	$981
59 km or 37 mi	Colon	$1188
108 km or 67 mi	Penonome	$1150
154 km or 96 mi	Chitre	$1150
190 km or 118 mi	Santiago de Veraguas	$1122
321 km or 199 mi	Turbo	$721
329 km or 204 mi	David	$925
398 km or 247 mi	Monteria	$663
403 km or 250 mi	Limon	$1288
406 km or 252 mi	Santa Cruz de Lorica	$715
452 km or 281 mi	Sincelejo	$547
463 km or 288 mi	Cartagena	$1105
483 km or 300 mi	Quibdo	$708
494 km or 307 mi	Cartago	$1241
513 km or 319 mi	San Jose	$1398
518 km or 322 mi	Heredia	$1335
521 km or 324 mi	Magangue	$667
526 km or 327 mi	Bello	$881
529 km or 329 mi	Alajuela	$1303
530 km or 329 mi	Medellin	$1030
534 km or 332 mi	Envigado	$950
558 km or 347 mi	Soledad	$883
559 km or 348 mi	Barranquilla	$843
595 km or 370 mi	Puntarenas	$821
617 km or 383 mi	Cartago	$679
617 km or 383 mi	Cienaga	$831
623 km or 387 mi	Manizales	$678
627 km or 390 mi	Santa Teresa	$1236
627 km or 390 mi	Pereira	$730
631 km or 392 mi	Santa Marta	$929
632 km or 393 mi	Buenaventura	$782
636 km or 395 mi	Minca	$847
651 km or 404 mi	Salento	$655
652 km or 405 mi	Armenia	$667
657 km or 408 mi	Tulua	$511
658 km or 409 mi	Barrancabermeja	$1082
675 km or 419 mi	Liberia	$953