Miami vs Panama City - Cost of Living Comparison

Updated:

Livingcost

Miami Panama City
🚶 Cost of living one person
$3216
$1590
👨‍👩‍👧‍👦 Cost of living Family
$7364
$3556
🏠 One person rent
$2092
$946
🏘️ Family rent
$3669
$1545
🍽️ Food expenses
$789
$439
🚐 Transport expenses
$135
$100
💳 Monthly salary after tax
$4242
$973
😷 Air quality
Excellent
Excellent
✈️ Airport proximity
7 km
7 km
🎓 Higher education
85
42
😀 Quality of life
90
71
🏙️ Population
442K
1.54M

The cost of living in Miami is 102% more expensive than in Panama City. Cities ranked 117th and 3634th ($3216 vs $1590) in the list of the most expensive cities in the world and ranked 87th 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 0.6 months in Panama City. Miami ranked 43rd best city to live in the United States vs Panama City ranked 1st in Panama, while ranked 169th and 3213th among best cities to live in the world.

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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
$26.1
$9.69
🥂 Dinner in a Restaurant, for 2
$105
$45.4
🥪 Fast food meal, equiv. McDonald's
$13.9
$8.03
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$8.04
$2.93
☕ Cappuccino
$5.69
$4.3
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$3.2
$1.82
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$2394
$1068
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$1806
$747
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$4404
$1913
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$3208
$1223
🔌 Utility Bill one person, electricity, heating, water, etc.
$102
$90.4
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$157
$140
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$65.8
$44.6
🏦 Mortgage Interest Rate for 20 Years
6.32%
6.27%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$6964
$3111
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$3607
$1732
Transportation
🚌 Local transport ticket
$2.24
$0.35
🎟️ Monthly ticket local transport
$110
$22.5
🚕 Taxi Ride, 8 km or 5 mi
$18
$14.7
⛽ Gas / Petrol, 1 L or 0.26 gal
$0.9
$0.98
Groceries
🥛 Milk, 1 L or 1 qt
$1.28
$1.83
🍞 Bread, 0.5 kg or 1.1 lb
$4.11
$2.17
🍚 Rice, 1 kg or 2.2 lb
$5.22
$2.34
🥚 Eggs, x12
$5.45
$3.11
🧀 Cheese, 1 kg or 2.2 lb
$18.5
$12.1
🐔 Chicken Breast, 1 kg or 2.2 lb
$14.2
$7.11
🥩 Round Steak, 1 kg or 2.2 lb
$23.3
$10.6
🍏 Apples, 1 kg or 2.2 lb
$5.39
$3.56
🍌 Banana, 1 kg or 2.2 lb
$2
$1.54
🍊 Oranges, 1 kg or 2.2 lb
$4.67
$3.7
🍅 Tomato, 1 kg or 2.2 lb
$4.83
$3.36
🥔 Potato, 1 kg or 2.2 lb
$3.13
$2.62
🧅 Onion, 1 kg or 2.2 lb
$3.45
$3.19
🌊 Water, 1 L or 1 qt
$1.44
$1.24
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$3.21
$2.37
🍾 Wine (mid-priced), 750 mL bottle
$15.7
$12.1
🍺 Beer, 0.5 L or 16 fl oz
$2.94
$1.35
🚬 Cigarette pack
$9.78
$5.95
💊 Cold medicince, 1 week
$13.9
$8.08
🧴 Hair Shampoo
$8.04
$7.95
🧻 Toilet paper, 4 rolls
$7
$2.92
👄 Toothpaste, 1 tube
$3.34
$3.05
Other
🏋️ Gym Membership, 1 month
$83.6
$41.9
🎫 Cinema Ticket, 1 person
$17.7
$7.52
👩‍⚕️ Doctor's visit
$131
$42.9
💇 Haircut, simple
$34.7
$14.5
👖 Brand Jeans
$52.6
$58.4
👟 Brand Sneakers
$106
$90.7
👶 Daycare or Preschool, 1 month
$1797
$505
🏫 International Primary School, 1 year
$18611
$11486

Cost of living in other countries

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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
$2854
8.9 km or 5.5 mi Miami Beach
$2840
12 km or 7.2 mi Hialeah
$2487
13 km or 8 mi North Miami
$2747
14 km or 8.7 mi Doral
$2636
16 km or 9.8 mi Sweetwater
$2668
17 km or 10 mi Hialeah Gardens
$2556
17 km or 11 mi North Miami Beach
$2762
18 km or 11 mi Miami Lakes
$2602
18 km or 11 mi Miami Gardens
$2705
20 km or 12 mi Sunny Isles Beach
$2842
20 km or 13 mi Palmetto Bay
$2805
22 km or 13 mi Aventura
$2802
23 km or 14 mi Miramar
$2808
24 km or 15 mi Hallandale Beach
$2792
24 km or 15 mi Kendall West
$2747
26 km or 16 mi Cutler Bay
$2859
27 km or 17 mi Hollywood
$2958
27 km or 17 mi Pembroke Pines
$3046
29 km or 18 mi Richmond West
$2843
30 km or 19 mi Cooper
$2756
31 km or 19 mi Dania Beach
$2802
34 km or 21 mi Davie
$2721
38 km or 24 mi Plantation
$2697
40 km or 25 mi Fort Lauderdale
$2924
40 km or 25 mi Weston
$2589
42 km or 26 mi Sunrise
$2673
43 km or 26 mi Lauderhill
$2695
43 km or 27 mi Lauderdale Lakes
$2715
44 km or 27 mi Homestead
$3151
44 km or 28 mi Oakland Park
$2749
48 km or 30 mi Tamarac
$2774
48 km or 30 mi North Lauderdale
$2762
51 km or 32 mi Pompano Beach
$2701
51 km or 32 mi Margate
$2757
54 km or 34 mi Coral Springs
$3035
55 km or 34 mi Coconut Creek
$2735
59 km or 37 mi Parkland
$2793
61 km or 38 mi Deerfield Beach
$2502
66 km or 41 mi Boca Raton
$3114

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