Montevideo vs Panama City - Cost of Living Comparison

Updated: March 02, 2025

	Montevideo	Panama City
🚶 Cost of living one person	$1346	$1479
👨‍👩‍👧‍👦 Cost of living Family	$3323	$3609
🏠 One person rent	$553	$846
🏘️ Family rent	$945	$1592
🍽️ Food expenses	$472	$440
🚐 Transport expenses	$174	$83
💳 Monthly salary after tax	$962	$967
😷 Air quality	Good	Good
✈️ Airport proximity	12 km	7 km
🎓 Higher education	48	42
😀 Quality of life	75	67
🏙️ Population	1.32M	881K

The cost of living in Montevideo is 9% less expensive than in Panama City. Cities ranked 4065th and 3517th ($1346 vs $1479) in the list of the most expensive cities in the world and ranked 2nd and 1st in Uruguay and Panama, respectively. Check Uruguay vs Panama comparison.

The average after-tax salary is enough to cover living expenses for 0.7 months in Montevideo compared to 0.7 months in Panama City. Montevideo ranked 1st best city to live in Uruguay vs Panama City ranked 1st in Panama, while ranked 1043rd and 3734th among best cities to live in the world.

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the estimated difference in money purchasing power

Cost of living in Montevideo vs Panama City infographic

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Prices in Montevideo vs Panama City

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

	Montevideo	Panama City
Eating Out
🍱 Lunch Menu	$14.4	$10.4
🥂 Dinner in a Restaurant, for 2	$48.8	$48.5
🥪 Fast food meal, equiv. McDonald's	$11.6	$8.06
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$4.26	$2.97
☕ Cappuccino	$4.34	$3.99
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$1.99	$1.66
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$552	$891
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$399	$681
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$1003	$1749
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$720	$1344
🔌 Utility Bill one person, electricity, heating, water, etc.	$84	$78
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$129	$121
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$39.1	$45.4
🏦 Mortgage Interest Rate for 20 Years	5.42%	6.28%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$2966	$2551
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$2929	$1632
Transportation
🚌 Local transport ticket	$1.22	$0.42
🎟️ Monthly ticket local transport	$50.1	$23.2
🚕 Taxi Ride, 8 km or 5 mi	$24	$14.3
⛽ Gas / Petrol, 1 L or 0.26 gal	$1.79	$0.96
Groceries
🥛 Milk, 1 L or 1 qt	$1.16	$1.8
🍞 Bread, 0.5 kg or 1.1 lb	$2.4	$2.19
🍚 Rice, 1 kg or 2.2 lb	$1.65	$2.33
🥚 Eggs, x12	$4.54	$2.77
🧀 Cheese, 1 kg or 2.2 lb	$13.7	$12.4
🐔 Chicken Breast, 1 kg or 2.2 lb	$9.44	$7.09
🥩 Round Steak, 1 kg or 2.2 lb	$9.37	$9.99
🍏 Apples, 1 kg or 2.2 lb	$2.79	$3.44
🍌 Banana, 1 kg or 2.2 lb	$2.24	$1.58
🍊 Oranges, 1 kg or 2.2 lb	$1.41	$2.89
🍅 Tomato, 1 kg or 2.2 lb	$3.36	$2.94
🥔 Potato, 1 kg or 2.2 lb	$1.99	$2.23
🧅 Onion, 1 kg or 2.2 lb	$1.86	$2.8
🌊 Water, 1 L or 1 qt	$1.07	$1.07
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$3.52	$2.31
🍾 Wine (mid-priced), 750 mL bottle	$9.22	$10
🍺 Beer, 0.5 L or 16 fl oz	$2.2	$1.29
🚬 Cigarette pack	$4.98	$5.98
💊 Cold medicince, 1 week	$6.96	$11.7
🧴 Hair Shampoo	$6.97	$7.94
🧻 Toilet paper, 4 rolls	$3.05	$3.37
👄 Toothpaste, 1 tube	$3.1	$3.71
Other
🏋️ Gym Membership, 1 month	$57.1	$45.3
🎫 Cinema Ticket, 1 person	$9.63	$7.22
👩‍⚕️ Doctor's visit	$82.6	$54.5
💇 Haircut, simple	$14.4	$12.9
👖 Brand Jeans	$88.5	$56.8
👟 Brand Sneakers	$113	$93.2
👶 Daycare or Preschool, 1 month	$393	$477
🏫 International Primary School, 1 year	$8232	$13616

Cost of living in other countries

Cost of living

Cost of Living in the nearest cities

Cities near Montevideo

Distance	City	Cost of living
19 km or 12 mi	Barros Blancos	$1188
21 km or 13 mi	Ciudad de la Costa	$1189
85 km or 53 mi	Florida	$1120
102 km or 63 mi	Minas	$1238
110 km or 69 mi	Maldonado	$965
113 km or 70 mi	Punta del Este	$1582
155 km or 96 mi	Berisso	$807
163 km or 101 mi	La Plata	$803
168 km or 104 mi	Durazno	$1094
187 km or 116 mi	Berazategui	$853
189 km or 118 mi	Ezpeleta	$828
192 km or 120 mi	Quilmes	$552
194 km or 121 mi	Bernal	$643
197 km or 122 mi	San Francisco Solano	$803
197 km or 123 mi	Wilde	$741
199 km or 124 mi	Villa Dominico	$805
200 km or 124 mi	Monte Chingolo	$838
201 km or 125 mi	Burzaco	$859
201 km or 125 mi	Rafael Calzada	$856
202 km or 126 mi	Glew	$863
202 km or 126 mi	Florencio Varela	$863
203 km or 126 mi	Longchamps	$865
203 km or 126 mi	Temperley	$849
204 km or 127 mi	Lomas de Zamora	$865
205 km or 127 mi	Buenos Aires	$1130
205 km or 127 mi	Remedios de Escalada	$923
205 km or 127 mi	Lanus	$979
210 km or 130 mi	Monte Grande	$877
214 km or 133 mi	Ciudad Madero	$932
214 km or 133 mi	Ezeiza	$889
216 km or 134 mi	Ciudad Evita	$921
217 km or 135 mi	Florida Este	$924
217 km or 135 mi	Lomas del Mirador	$938
217 km or 135 mi	La Tablada	$938
218 km or 135 mi	Caseros	$939
219 km or 136 mi	San Justo	$963
219 km or 136 mi	San Isidro	$952
221 km or 137 mi	Ramos Mejia	$936
221 km or 137 mi	Gregorio de Laferrere	$925
221 km or 138 mi	Isidro Casanova	$940

Cities near Panama City

Distance	City	Cost of living
8.1 km or 5 mi	Balboa	$1328
16 km or 9.9 mi	Tocumen	$1310
26 km or 16 mi	Pacora	$1304
34 km or 21 mi	La Chorrera	$957
59 km or 37 mi	Colon	$1172
108 km or 67 mi	Penonome	$1116
154 km or 96 mi	Chitre	$1117
190 km or 118 mi	Santiago de Veraguas	$1089
321 km or 199 mi	Turbo	$664
329 km or 204 mi	David	$890
398 km or 247 mi	Monteria	$645
403 km or 250 mi	Limon	$1225
406 km or 252 mi	Santa Cruz de Lorica	$669
452 km or 281 mi	Sincelejo	$524
463 km or 288 mi	Cartagena	$760
483 km or 300 mi	Quibdo	$705
494 km or 307 mi	Cartago	$1024
513 km or 319 mi	San Jose	$1324
518 km or 322 mi	Heredia	$1296
521 km or 324 mi	Magangue	$604
526 km or 327 mi	Bello	$839
529 km or 329 mi	Alajuela	$1269
530 km or 329 mi	Medellin	$906
534 km or 332 mi	Envigado	$897
558 km or 347 mi	Soledad	$741
559 km or 348 mi	Barranquilla	$773
595 km or 370 mi	Puntarenas	$801
617 km or 383 mi	Cartago	$649
617 km or 383 mi	Cienaga	$742
623 km or 387 mi	Manizales	$653
627 km or 390 mi	Santa Teresa	$1213
627 km or 390 mi	Pereira	$680
631 km or 392 mi	Santa Marta	$837
632 km or 393 mi	Buenaventura	$742
636 km or 395 mi	Minca	$759
651 km or 404 mi	Salento	$605
652 km or 405 mi	Armenia	$598
657 km or 408 mi	Tulua	$513
658 km or 409 mi	Barrancabermeja	$1031
675 km or 419 mi	Liberia	$932