Miami vs Panama City - Cost of Living Comparison

Updated:

Livingcost

Miami Panama City
🚶 Cost of living one person
$3103
$1384
👨‍👩‍👧‍👦 Cost of living Family
$7450
$3435
🏠 One person rent
$2075
$751
🏘️ Family rent
$4080
$1474
🍽️ Food expenses
$704
$444
🚐 Transport expenses
$131
$84.4
💳 Monthly salary after tax
$4410
$914
😷 Air quality
Excellent
Good
✈️ Airport proximity
7 km
7 km
🎓 Higher education
85
42
😀 Quality of life
91
66
🏙️ Population
442K
881K

The cost of living in Miami is 124% more expensive than in Panama City. Cities ranked 103rd and 4139th ($3103 vs $1384) in the list of the most expensive cities in the world and ranked 80th 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 18th best city to live in the United States vs Panama City ranked 1st in Panama, while ranked 109th and 3919th 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
$22.8
$12.3
🥂 Dinner in a Restaurant, for 2
$88.5
$55.2
🥪 Fast food meal, equiv. McDonald's
$12.3
$7.6
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$7.36
$2.94
☕ Cappuccino
$5.26
$4.25
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$3.09
$1.9
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$2446
$827
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$1765
$577
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$4939
$1757
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$3570
$1198
🔌 Utility Bill one person, electricity, heating, water, etc.
$111
$76.7
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$173
$118
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$62.8
$47.4
🏦 Mortgage Interest Rate for 20 Years
6.69%
6.12%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$6519
$2406
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$4021
$1535
Transportation
🚌 Local transport ticket
$2.24
$0.35
🎟️ Monthly ticket local transport
$115
$26.2
🚕 Taxi Ride, 8 km or 5 mi
$15.1
$13.9
⛽ Gas / Petrol, 1 L or 0.26 gal
$0.94
$1.02
Groceries
🥛 Milk, 1 L or 1 qt
$1.17
$1.78
🍞 Bread, 0.5 kg or 1.1 lb
$3.61
$2.12
🍚 Rice, 1 kg or 2.2 lb
$4.06
$2.08
🥚 Eggs, x12
$5.04
$2.67
🧀 Cheese, 1 kg or 2.2 lb
$14.8
$13.2
🐔 Chicken Breast, 1 kg or 2.2 lb
$12.5
$7.23
🥩 Round Steak, 1 kg or 2.2 lb
$18.2
$10.4
🍏 Apples, 1 kg or 2.2 lb
$5.91
$3.11
🍌 Banana, 1 kg or 2.2 lb
$1.86
$1.54
🍊 Oranges, 1 kg or 2.2 lb
$4.66
$3.09
🍅 Tomato, 1 kg or 2.2 lb
$4.82
$2.94
🥔 Potato, 1 kg or 2.2 lb
$2.51
$2.19
🧅 Onion, 1 kg or 2.2 lb
$3.29
$2.5
🌊 Water, 1 L or 1 qt
$1.49
$1
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$3.21
$2.51
🍾 Wine (mid-priced), 750 mL bottle
$14.6
$9.03
🍺 Beer, 0.5 L or 16 fl oz
$2.38
$1.14
🚬 Cigarette pack
$9.85
$5.89
💊 Cold medicince, 1 week
$12.7
$10.5
🧴 Hair Shampoo
$7.01
$6.97
🧻 Toilet paper, 4 rolls
$5.55
$3.12
👄 Toothpaste, 1 tube
$3.01
$3.06
Other
🏋️ Gym Membership, 1 month
$71.4
$43.8
🎫 Cinema Ticket, 1 person
$15.2
$6.71
👩‍⚕️ Doctor's visit
$152
$49.1
💇 Haircut, simple
$33
$13.7
👖 Brand Jeans
$49.5
$54.3
👟 Brand Sneakers
$82.1
$90.2
👶 Daycare or Preschool, 1 month
$1210
$437
🏫 International Primary School, 1 year
$25328
$9531

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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
$2803
8.9 km or 5.5 mi Miami Beach
$2753
12 km or 7.2 mi Hialeah
$2562
13 km or 8 mi North Miami
$2671
14 km or 8.7 mi Doral
$2612
16 km or 9.8 mi Sweetwater
$2644
17 km or 10 mi Hialeah Gardens
$2551
17 km or 11 mi North Miami Beach
$2659
18 km or 11 mi Miami Lakes
$2578
18 km or 11 mi Miami Gardens
$2645
20 km or 12 mi Sunny Isles Beach
$2682
20 km or 13 mi Palmetto Bay
$2849
22 km or 13 mi Aventura
$2647
23 km or 14 mi Miramar
$2717
24 km or 15 mi Hallandale Beach
$2630
24 km or 15 mi Kendall West
$2808
26 km or 16 mi Cutler Bay
$3002
27 km or 17 mi Hollywood
$2724
27 km or 17 mi Pembroke Pines
$2898
29 km or 18 mi Richmond West
$3058
30 km or 19 mi Cooper
$2691
31 km or 19 mi Dania Beach
$2629
34 km or 21 mi Davie
$2623
38 km or 24 mi Plantation
$2573
40 km or 25 mi Fort Lauderdale
$2727
40 km or 25 mi Weston
$2608
42 km or 26 mi Sunrise
$2538
43 km or 26 mi Lauderhill
$2513
43 km or 27 mi Lauderdale Lakes
$2540
44 km or 27 mi Homestead
$3991
44 km or 28 mi Oakland Park
$2571
48 km or 30 mi Tamarac
$2424
48 km or 30 mi North Lauderdale
$2418
51 km or 32 mi Pompano Beach
$2490
51 km or 32 mi Margate
$2359
54 km or 34 mi Coral Springs
$2315
55 km or 34 mi Coconut Creek
$2429
59 km or 37 mi Parkland
$2484
61 km or 38 mi Deerfield Beach
$2248
66 km or 41 mi Boca Raton
$2860

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