Minneapolis vs Panama City - Cost of Living Comparison

Updated: October 10, 2024

	Minneapolis	Panama City
🚶 Cost of living one person	$2256	$1384
👨‍👩‍👧‍👦 Cost of living Family	$5584	$3435
🏠 One person rent	$1311	$751
🏘️ Family rent	$2372	$1474
🍽️ Food expenses	$676	$444
🚐 Transport expenses	$123	$84.4
💳 Monthly salary after tax	$4424	$914
😷 Air quality	Moderate	Good
✈️ Airport proximity	12 km	7 km
🎓 Higher education	83	42
😀 Quality of life	88	66
🏙️ Population	430K	881K

The cost of living in Minneapolis is 63% more expensive than in Panama City. Cities ranked 1228th and 4139th ($2256 vs $1384) in the list of the most expensive cities in the world and ranked 1082nd 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 months in Minneapolis compared to 0.7 months in Panama City. Minneapolis ranked 60th best city to live in the United States vs Panama City ranked 1st in Panama, while ranked 234th and 3919th 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

Share this infographic!

Use the link below to embed the infographic from our site and automatically keep the data layer up to date.

If you prefer to download the image, please credit us as a source.

<img src="https://livingcost.org/assets/photo/cost/minneapolis/panama-city.jpg" alt="Cost of living in Minneapolis vs Panama City infographic" style="max-width: 100%; height: auto;"><p>Source: <a href="https://livingcost.org/cost/minneapolis/panama-city" target="_blank">Minneapolis vs Panama City - Cost of Living Comparison</a></p>

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	$20.1	$12.3
🥂 Dinner in a Restaurant, for 2	$80.8	$55.2
🥪 Fast food meal, equiv. McDonald's	$11	$7.6
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$6.96	$2.94
☕ Cappuccino	$6	$4.25
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$3	$1.9
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$1461	$827
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$1061	$577
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$2697	$1757
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$2009	$1198
🔌 Utility Bill one person, electricity, heating, water, etc.	$102	$76.7
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$157	$118
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$67.6	$47.4
🏦 Mortgage Interest Rate for 20 Years	6.5%	6.12%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$3075	$2406
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$2486	$1535
Transportation
🚌 Local transport ticket	$2.48	$0.35
🎟️ Monthly ticket local transport	$90	$26.2
🚕 Taxi Ride, 8 km or 5 mi	$18.2	$13.9
⛽ Gas / Petrol, 1 L or 0.26 gal	$0.9	$1.02
Groceries
🥛 Milk, 1 L or 1 qt	$0.98	$1.78
🍞 Bread, 0.5 kg or 1.1 lb	$4.01	$2.12
🍚 Rice, 1 kg or 2.2 lb	$5.19	$2.08
🥚 Eggs, x12	$3.52	$2.67
🧀 Cheese, 1 kg or 2.2 lb	$11.9	$13.2
🐔 Chicken Breast, 1 kg or 2.2 lb	$15.7	$7.23
🥩 Round Steak, 1 kg or 2.2 lb	$17.4	$10.4
🍏 Apples, 1 kg or 2.2 lb	$5.74	$3.11
🍌 Banana, 1 kg or 2.2 lb	$2.08	$1.54
🍊 Oranges, 1 kg or 2.2 lb	$5.14	$3.09
🍅 Tomato, 1 kg or 2.2 lb	$4.61	$2.94
🥔 Potato, 1 kg or 2.2 lb	$2.96	$2.19
🧅 Onion, 1 kg or 2.2 lb	$3.33	$2.5
🌊 Water, 1 L or 1 qt	$1.38	$1
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$2.25	$2.51
🍾 Wine (mid-priced), 750 mL bottle	$13.9	$9.03
🍺 Beer, 0.5 L or 16 fl oz	$2.01	$1.14
🚬 Cigarette pack	$10.9	$5.89
💊 Cold medicince, 1 week	$8.25	$10.5
🧴 Hair Shampoo	$5.17	$6.97
🧻 Toilet paper, 4 rolls	$3.44	$3.12
👄 Toothpaste, 1 tube	$1.92	$3.06
Other
🏋️ Gym Membership, 1 month	$33.9	$43.8
🎫 Cinema Ticket, 1 person	$13.9	$6.71
👩‍⚕️ Doctor's visit	$105	$49.1
💇 Haircut, simple	$15.9	$13.7
👖 Brand Jeans	$59.7	$54.3
👟 Brand Sneakers	$83.9	$90.2
👶 Daycare or Preschool, 1 month	$1565	$437
🏫 International Primary School, 1 year	$27084	$9531

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	$2231
8.4 km or 5.2 mi	St. Louis Park	$2224
9.1 km or 5.7 mi	Crystal	$2280
9.2 km or 5.7 mi	Roseville	$2193
10 km or 6.2 mi	Richfield	$2224
10 km or 6.4 mi	Brooklyn Center	$2358
11 km or 6.6 mi	New Hope	$2282
11 km or 6.8 mi	New Brighton	$2305
12 km or 7.2 mi	Fridley	$2400
12 km or 7.3 mi	Edina	$2251
14 km or 8.8 mi	Brooklyn Park	$2398
14 km or 9 mi	Saint Paul	$2091
14 km or 9 mi	Shoreview	$2282
15 km or 9.3 mi	Plymouth	$2292
15 km or 9.6 mi	Coon Rapids	$2476
17 km or 10 mi	Bloomington	$2239
18 km or 11 mi	Maple Grove	$2353
20 km or 12 mi	Minnetonka	$2297
20 km or 12 mi	Eagan	$2200
20 km or 12 mi	Blaine	$2429
21 km or 13 mi	South St. Paul	$2177
21 km or 13 mi	Eden Prairie	$2361
22 km or 14 mi	Maplewood	$2212
23 km or 14 mi	Savage	$2249
23 km or 14 mi	Inver Grove Heights	$2196
23 km or 15 mi	White Bear Lake	$2252
24 km or 15 mi	Burnsville	$2227
24 km or 15 mi	Oakdale	$2258
24 km or 15 mi	Lino Lakes	$2319
25 km or 15 mi	Chanhassen	$2320
25 km or 16 mi	Champlin	$2485
27 km or 17 mi	Woodbury	$2352
28 km or 17 mi	Andover	$2447
28 km or 17 mi	Apple Valley	$2162
29 km or 18 mi	Shakopee	$2318
29 km or 18 mi	Rosemount	$2191
31 km or 19 mi	Cottage Grove	$2252
32 km or 20 mi	Prior Lake	$2262
34 km or 21 mi	Chaska	$2294
34 km or 21 mi	Ramsey	$2640

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