Minneapolis vs Panama City - Cost of Living Comparison

Updated: March 01, 2024

	Minneapolis	Panama City
🚶 Cost of living one person	$2240	$1316
👨‍👩‍👧‍👦 Cost of living Family	$5424	$3171
🏠 One person rent	$1311	$709
🏘️ Family rent	$2255	$1291
🍽️ Food expenses	$641	$426
🚐 Transport expenses	$130	$78
💳 Monthly salary after tax	$4843	$901
😷 Air quality	Excellent	Moderate
✈️ Airport proximity	12 km	7 km
🎓 Higher education	83	42
😀 Quality of life	89	67
🏙️ Population	430K	881K

The cost of living in Minneapolis is 70% more expensive than in Panama City. Cities ranked 1193rd and 4138th ($2240 vs $1316) in the list of the most expensive cities in the world and ranked 1071st 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 2.2 months in Minneapolis compared to 0.7 months in Panama City. Minneapolis ranked 31st best city to live in the United States vs Panama City ranked 1st in Panama, while ranked 158th and 3926th among best cities to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

Cost of living in Minneapolis vs Panama City infographic

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Prices in Minneapolis vs Panama City

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

	Minneapolis	Panama City
Eating Out
🍱 Lunch Menu	$19.9	$11.5
🥂 Dinner in a Restaurant, for 2	$80.6	$51.8
🥪 Fast food meal, equiv. McDonald's	$9.96	$7.97
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$6.98	$2.6
☕ Cappuccino	$5.89	$4.35
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$2.72	$1.75
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$1458	$836
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$1065	$520
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$2657	$1703
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$1879	$980
🔌 Utility Bill one person, electricity, heating, water, etc.	$102	$78.2
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$155	$119
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$64.9	$47.6
🏦 Mortgage Interest Rate for 20 Years	6.54%	5.97%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$3298	$2399
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$2511	$1457
Transportation
🚌 Local transport ticket	$2.48	$0.35
🎟️ Monthly ticket local transport	$105	$25.9
🚕 Taxi Ride, 8 km or 5 mi	$17.4	$12
⛽ Gas / Petrol, 1 L or 0.26 gal	$0.93	$1.06
Groceries
🥛 Milk, 1 L or 1 qt	$0.94	$1.76
🍞 Bread, 0.5 kg or 1.1 lb	$3.95	$2.11
🍚 Rice, 1 kg or 2.2 lb	$4.68	$1.71
🥚 Eggs, x12	$3.67	$2.63
🧀 Cheese, 1 kg or 2.2 lb	$9.9	$11.9
🐔 Chicken Breast, 1 kg or 2.2 lb	$12.2	$7.45
🥩 Round Steak, 1 kg or 2.2 lb	$16.2	$8.87
🍏 Apples, 1 kg or 2.2 lb	$6.07	$2.91
🍌 Banana, 1 kg or 2.2 lb	$2.08	$1.37
🍊 Oranges, 1 kg or 2.2 lb	$4.47	$2.8
🍅 Tomato, 1 kg or 2.2 lb	$5.77	$2.81
🥔 Potato, 1 kg or 2.2 lb	$3.03	$2.1
🧅 Onion, 1 kg or 2.2 lb	$3.29	$2.02
🌊 Water, 1 L or 1 qt	$1.18	$0.98
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$2.15	$2.59
🍾 Wine (mid-priced), 750 mL bottle	$14.1	$9.98
🍺 Beer, 0.5 L or 16 fl oz	$2.21	$1.14
🚬 Cigarette pack	$9.67	$5.88
💊 Cold medicince, 1 week	$7.85	$9.43
🧴 Hair Shampoo	$5.18	$7.05
🧻 Toilet paper, 4 rolls	$3.31	$3.43
👄 Toothpaste, 1 tube	$1.93	$3.7
Other
🏋️ Gym Membership, 1 month	$46.3	$42
🎫 Cinema Ticket, 1 person	$13.9	$6.85
👩‍⚕️ Doctor's visit	$117	$48.6
💇 Haircut, simple	$15.8	$13.5
👖 Brand Jeans	$65.7	$54.3
👟 Brand Sneakers	$90.1	$86.9
👶 Daycare or Preschool, 1 month	$1651	$408
🏫 International Primary School, 1 year	$24407	$9581

Cost of living in other countries

Cost of living

Cost of Living in the nearest cities

Cities near Minneapolis

Distance	City	Cost of living
7 km or 4.4 mi	Golden Valley	$2241
8.4 km or 5.2 mi	St. Louis Park	$2246
9.1 km or 5.7 mi	Crystal	$2285
9.2 km or 5.7 mi	Roseville	$2174
10 km or 6.2 mi	Richfield	$2238
10 km or 6.4 mi	Brooklyn Center	$2356
11 km or 6.6 mi	New Hope	$2287
11 km or 6.8 mi	New Brighton	$2312
12 km or 7.2 mi	Fridley	$2403
12 km or 7.3 mi	Edina	$2285
14 km or 8.8 mi	Brooklyn Park	$2408
14 km or 9 mi	Saint Paul	$2094
14 km or 9 mi	Shoreview	$2284
15 km or 9.3 mi	Plymouth	$2303
15 km or 9.6 mi	Coon Rapids	$2490
17 km or 10 mi	Bloomington	$2253
18 km or 11 mi	Maple Grove	$2357
20 km or 12 mi	Minnetonka	$2346
20 km or 12 mi	Eagan	$2166
20 km or 12 mi	Blaine	$2457
21 km or 13 mi	South St. Paul	$2101
21 km or 13 mi	Eden Prairie	$2438
22 km or 14 mi	Maplewood	$2093
23 km or 14 mi	Savage	$2272
23 km or 14 mi	Inver Grove Heights	$2132
23 km or 15 mi	White Bear Lake	$2215
24 km or 15 mi	Burnsville	$2206
24 km or 15 mi	Oakdale	$2102
24 km or 15 mi	Lino Lakes	$2332
25 km or 15 mi	Chanhassen	$2378
25 km or 16 mi	Champlin	$2521
27 km or 17 mi	Woodbury	$2073
28 km or 17 mi	Andover	$2489
28 km or 17 mi	Apple Valley	$2140
29 km or 18 mi	Shakopee	$2340
29 km or 18 mi	Rosemount	$2173
31 km or 19 mi	Cottage Grove	$2138
32 km or 20 mi	Prior Lake	$2264
34 km or 21 mi	Chaska	$2332
34 km or 21 mi	Ramsey	$2690

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