Miami vs Panama City - Cost of Living Comparison

Updated:

Livingcost

Miami Panama City
🚶 Cost of living one person
$3075
$1479
👨‍👩‍👧‍👦 Cost of living Family
$7229
$3609
🏠 One person rent
$2042
$846
🏘️ Family rent
$3813
$1592
🍽️ Food expenses
$708
$440
🚐 Transport expenses
$126
$83
💳 Monthly salary after tax
$3944
$967
😷 Air quality
Excellent
Good
✈️ Airport proximity
7 km
7 km
🎓 Higher education
85
42
😀 Quality of life
90
67
🏙️ Population
442K
881K

The cost of living in Miami is 108% more expensive than in Panama City. Cities ranked 119th and 3517th ($3075 vs $1479) in the list of the most expensive cities in the world and ranked 107th 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 1.3 months in Miami compared to 0.7 months in Panama City. Miami ranked 29th best city to live in the United States vs Panama City ranked 1st in Panama, while ranked 140th and 3734th among best cities to live in the world.

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Cost of living in Miami vs Panama City infographic

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Prices in Miami vs Panama City

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

Miami Panama City
Eating Out
🍱 Lunch Menu
$23.6
$10.4
🥂 Dinner in a Restaurant, for 2
$88.6
$48.5
🥪 Fast food meal, equiv. McDonald's
$12.7
$8.06
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$7.68
$2.97
☕ Cappuccino
$5.32
$3.99
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$3.26
$1.66
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$2424
$891
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$1740
$681
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$4776
$1749
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$3298
$1344
🔌 Utility Bill one person, electricity, heating, water, etc.
$101
$78
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$156
$121
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$64.1
$45.4
🏦 Mortgage Interest Rate for 20 Years
6.67%
6.28%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$6403
$2551
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$3960
$1632
Transportation
🚌 Local transport ticket
$2.24
$0.42
🎟️ Monthly ticket local transport
$109
$23.2
🚕 Taxi Ride, 8 km or 5 mi
$14.7
$14.3
⛽ Gas / Petrol, 1 L or 0.26 gal
$0.92
$0.96
Groceries
🥛 Milk, 1 L or 1 qt
$1.2
$1.8
🍞 Bread, 0.5 kg or 1.1 lb
$3.89
$2.19
🍚 Rice, 1 kg or 2.2 lb
$3.76
$2.33
🥚 Eggs, x12
$5.36
$2.77
🧀 Cheese, 1 kg or 2.2 lb
$15.6
$12.4
🐔 Chicken Breast, 1 kg or 2.2 lb
$13.9
$7.09
🥩 Round Steak, 1 kg or 2.2 lb
$18.4
$9.99
🍏 Apples, 1 kg or 2.2 lb
$4.79
$3.44
🍌 Banana, 1 kg or 2.2 lb
$1.7
$1.58
🍊 Oranges, 1 kg or 2.2 lb
$3.01
$2.89
🍅 Tomato, 1 kg or 2.2 lb
$4.66
$2.94
🥔 Potato, 1 kg or 2.2 lb
$2.44
$2.23
🧅 Onion, 1 kg or 2.2 lb
$3.26
$2.8
🌊 Water, 1 L or 1 qt
$1.28
$1.07
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$3.46
$2.31
🍾 Wine (mid-priced), 750 mL bottle
$16.4
$10
🍺 Beer, 0.5 L or 16 fl oz
$2.78
$1.29
🚬 Cigarette pack
$10.6
$5.98
💊 Cold medicince, 1 week
$12.9
$11.7
🧴 Hair Shampoo
$6.93
$7.94
🧻 Toilet paper, 4 rolls
$5.79
$3.37
👄 Toothpaste, 1 tube
$2.83
$3.71
Other
🏋️ Gym Membership, 1 month
$75.4
$45.3
🎫 Cinema Ticket, 1 person
$15.1
$7.22
👩‍⚕️ Doctor's visit
$151
$54.5
💇 Haircut, simple
$34.2
$12.9
👖 Brand Jeans
$50
$56.8
👟 Brand Sneakers
$95.6
$93.2
👶 Daycare or Preschool, 1 month
$1399
$477
🏫 International Primary School, 1 year
$23889
$13616

Cost of living in other countries

MiamiPanama City

Cost of living

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Cost of Living in the nearest cities

Cities near Miami

Distance City Cost of living
6.6 km or 4.1 mi Coral Gables
$2756
8.9 km or 5.5 mi Miami Beach
$2762
12 km or 7.2 mi Hialeah
$2381
13 km or 8 mi North Miami
$2660
14 km or 8.7 mi Doral
$2553
16 km or 9.8 mi Sweetwater
$2604
17 km or 10 mi Hialeah Gardens
$2474
17 km or 11 mi North Miami Beach
$2714
18 km or 11 mi Miami Lakes
$2528
18 km or 11 mi Miami Gardens
$2651
20 km or 12 mi Sunny Isles Beach
$2758
20 km or 13 mi Palmetto Bay
$2865
22 km or 13 mi Aventura
$2731
23 km or 14 mi Miramar
$2732
24 km or 15 mi Hallandale Beach
$2793
24 km or 15 mi Kendall West
$2805
26 km or 16 mi Cutler Bay
$3032
27 km or 17 mi Hollywood
$3016
27 km or 17 mi Pembroke Pines
$2939
29 km or 18 mi Richmond West
$3092
30 km or 19 mi Cooper
$2710
31 km or 19 mi Dania Beach
$2783
34 km or 21 mi Davie
$2681
38 km or 24 mi Plantation
$2664
40 km or 25 mi Fort Lauderdale
$2701
40 km or 25 mi Weston
$2590
42 km or 26 mi Sunrise
$2682
43 km or 26 mi Lauderhill
$2611
43 km or 27 mi Lauderdale Lakes
$2616
44 km or 27 mi Homestead
$4044
44 km or 28 mi Oakland Park
$2631
48 km or 30 mi Tamarac
$2679
48 km or 30 mi North Lauderdale
$2683
51 km or 32 mi Pompano Beach
$2597
51 km or 32 mi Margate
$2667
54 km or 34 mi Coral Springs
$2888
55 km or 34 mi Coconut Creek
$2643
59 km or 37 mi Parkland
$2754
61 km or 38 mi Deerfield Beach
$2414
66 km or 41 mi Boca Raton
$2882

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