Miami vs Panama City - Cost of Living Comparison

Updated:

Livingcost

Miami Panama City
🚶 Cost of living one person
$3068
$1316
👨‍👩‍👧‍👦 Cost of living Family
$7133
$3171
🏠 One person rent
$2069
$709
🏘️ Family rent
$3842
$1291
🍽️ Food expenses
$687
$426
🚐 Transport expenses
$132
$78
💳 Monthly salary after tax
$4346
$901
😷 Air quality
Excellent
Moderate
✈️ Airport proximity
7 km
7 km
🎓 Higher education
85
42
😀 Quality of life
91
67
🏙️ Population
442K
881K

The cost of living in Miami is 133% more expensive than in Panama City. Cities ranked 101st and 4138th ($3068 vs $1316) in the list of the most expensive cities in the world and ranked 86th 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 1.4 months in Miami compared to 0.7 months in Panama City. Miami ranked 16th best city to live in the United States vs Panama City ranked 1st in Panama, while ranked 114th and 3926th 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
$23.2
$11.5
🥂 Dinner in a Restaurant, for 2
$95.3
$51.8
🥪 Fast food meal, equiv. McDonald's
$12.1
$7.97
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$7.04
$2.6
☕ Cappuccino
$5.02
$4.35
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$2.8
$1.75
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$2508
$836
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$1739
$520
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$4833
$1703
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$3298
$980
🔌 Utility Bill one person, electricity, heating, water, etc.
$116
$78.2
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$177
$119
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$60.5
$47.6
🏦 Mortgage Interest Rate for 20 Years
6.61%
5.97%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$6306
$2399
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$3813
$1457
Transportation
🚌 Local transport ticket
$2.23
$0.35
🎟️ Monthly ticket local transport
$123
$25.9
🚕 Taxi Ride, 8 km or 5 mi
$13.6
$12
⛽ Gas / Petrol, 1 L or 0.26 gal
$0.9
$1.06
Groceries
🥛 Milk, 1 L or 1 qt
$1.15
$1.76
🍞 Bread, 0.5 kg or 1.1 lb
$3.74
$2.11
🍚 Rice, 1 kg or 2.2 lb
$3.86
$1.71
🥚 Eggs, x12
$5.33
$2.63
🧀 Cheese, 1 kg or 2.2 lb
$13.5
$11.9
🐔 Chicken Breast, 1 kg or 2.2 lb
$11.7
$7.45
🥩 Round Steak, 1 kg or 2.2 lb
$14
$8.87
🍏 Apples, 1 kg or 2.2 lb
$5.81
$2.91
🍌 Banana, 1 kg or 2.2 lb
$1.91
$1.37
🍊 Oranges, 1 kg or 2.2 lb
$3.66
$2.8
🍅 Tomato, 1 kg or 2.2 lb
$4.29
$2.81
🥔 Potato, 1 kg or 2.2 lb
$2.38
$2.1
🧅 Onion, 1 kg or 2.2 lb
$3.15
$2.02
🌊 Water, 1 L or 1 qt
$1.37
$0.98
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$3.01
$2.59
🍾 Wine (mid-priced), 750 mL bottle
$15.1
$9.98
🍺 Beer, 0.5 L or 16 fl oz
$2.15
$1.14
🚬 Cigarette pack
$9.03
$5.88
💊 Cold medicince, 1 week
$12.7
$9.43
🧴 Hair Shampoo
$7.04
$7.05
🧻 Toilet paper, 4 rolls
$5.47
$3.43
👄 Toothpaste, 1 tube
$2.99
$3.7
Other
🏋️ Gym Membership, 1 month
$79.6
$42
🎫 Cinema Ticket, 1 person
$15.4
$6.85
👩‍⚕️ Doctor's visit
$124
$48.6
💇 Haircut, simple
$32.5
$13.5
👖 Brand Jeans
$47.4
$54.3
👟 Brand Sneakers
$81.6
$86.9
👶 Daycare or Preschool, 1 month
$1151
$408
🏫 International Primary School, 1 year
$28464
$9581

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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
$2809
8.9 km or 5.5 mi Miami Beach
$2770
12 km or 7.2 mi Hialeah
$2780
13 km or 8 mi North Miami
$2705
14 km or 8.7 mi Doral
$2752
16 km or 9.8 mi Sweetwater
$2771
17 km or 10 mi Hialeah Gardens
$2722
17 km or 11 mi North Miami Beach
$2644
18 km or 11 mi Miami Lakes
$2711
18 km or 11 mi Miami Gardens
$2705
20 km or 12 mi Sunny Isles Beach
$2686
20 km or 13 mi Palmetto Bay
$2924
22 km or 13 mi Aventura
$2610
23 km or 14 mi Miramar
$2738
24 km or 15 mi Hallandale Beach
$2569
24 km or 15 mi Kendall West
$2904
26 km or 16 mi Cutler Bay
$3104
27 km or 17 mi Hollywood
$2611
27 km or 17 mi Pembroke Pines
$2900
29 km or 18 mi Richmond West
$3152
30 km or 19 mi Cooper
$2714
31 km or 19 mi Dania Beach
$2556
34 km or 21 mi Davie
$2647
38 km or 24 mi Plantation
$2593
40 km or 25 mi Fort Lauderdale
$2596
40 km or 25 mi Weston
$2611
42 km or 26 mi Sunrise
$2593
43 km or 26 mi Lauderhill
$2569
43 km or 27 mi Lauderdale Lakes
$2539
44 km or 27 mi Homestead
$4065
44 km or 28 mi Oakland Park
$2533
48 km or 30 mi Tamarac
$2559
48 km or 30 mi North Lauderdale
$2568
51 km or 32 mi Pompano Beach
$2488
51 km or 32 mi Margate
$2545
54 km or 34 mi Coral Springs
$2558
55 km or 34 mi Coconut Creek
$2493
59 km or 37 mi Parkland
$2565
61 km or 38 mi Deerfield Beach
$2217
66 km or 41 mi Boca Raton
$2783

Cities near Panama City

Distance City Cost of living
8.1 km or 5 mi Balboa
$1189
16 km or 9.9 mi Tocumen
$1171
26 km or 16 mi Pacora
$1182
34 km or 21 mi La Chorrera
$917
59 km or 37 mi Colon
$1157
108 km or 67 mi Penonome
$940
154 km or 96 mi Chitre
$980
190 km or 118 mi Santiago de Veraguas
$961
321 km or 199 mi Turbo
$624
329 km or 204 mi David
$789
398 km or 247 mi Monteria
$633
403 km or 250 mi Limon
$1147
406 km or 252 mi Santa Cruz de Lorica
$573
452 km or 281 mi Sincelejo
$536
463 km or 288 mi Cartagena
$877
483 km or 300 mi Quibdo
$649
494 km or 307 mi Cartago
$1009
513 km or 319 mi San Jose
$1169
518 km or 322 mi Heredia
$1040
521 km or 324 mi Magangue
$582
526 km or 327 mi Bello
$778
529 km or 329 mi Alajuela
$1163
530 km or 329 mi Medellin
$867
534 km or 332 mi Envigado
$812
558 km or 347 mi Soledad
$851
559 km or 348 mi Barranquilla
$780
595 km or 370 mi Puntarenas
$1024
617 km or 383 mi Cartago
$639
617 km or 383 mi Cienaga
$661
623 km or 387 mi Manizales
$727
627 km or 390 mi Santa Teresa
$1114
627 km or 390 mi Pereira
$639
631 km or 392 mi Santa Marta
$705
632 km or 393 mi Buenaventura
$552
636 km or 395 mi Minca
$655
651 km or 404 mi Salento
$567
652 km or 405 mi Armenia
$551
657 km or 408 mi Tulua
$493
658 km or 409 mi Barrancabermeja
$592
675 km or 419 mi Liberia
$1220