Montevideo vs Panama City - Cost of Living Comparison

Updated: October 10, 2024

	Montevideo	Panama City
🚶 Cost of living one person	$1331	$1384
👨‍👩‍👧‍👦 Cost of living Family	$3221	$3435
🏠 One person rent	$554	$751
🏘️ Family rent	$897	$1474
🍽️ Food expenses	$464	$444
🚐 Transport expenses	$173	$84.4
💳 Monthly salary after tax	$1147	$914
😷 Air quality	Good	Good
✈️ Airport proximity	12 km	7 km
🎓 Higher education	48	42
😀 Quality of life	76	66
🏙️ Population	1.32M	881K

The cost of living in Montevideo is 4% less expensive than in Panama City. Cities ranked 4267th and 4139th ($1331 vs $1384) 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 0.9 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 940th and 3919th among best cities to live in the world.

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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	$13.2	$12.3
🥂 Dinner in a Restaurant, for 2	$45.1	$55.2
🥪 Fast food meal, equiv. McDonald's	$10.4	$7.6
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$3.59	$2.94
☕ Cappuccino	$4.33	$4.25
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$1.95	$1.9
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$561	$827
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$395	$577
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$932	$1757
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$670	$1198
🔌 Utility Bill one person, electricity, heating, water, etc.	$85.9	$76.7
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$134	$118
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$39.8	$47.4
🏦 Mortgage Interest Rate for 20 Years	5.44%	6.12%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$2796	$2406
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$2616	$1535
Transportation
🚌 Local transport ticket	$1.25	$0.35
🎟️ Monthly ticket local transport	$52.6	$26.2
🚕 Taxi Ride, 8 km or 5 mi	$23	$13.9
⛽ Gas / Petrol, 1 L or 0.26 gal	$1.83	$1.02
Groceries
🥛 Milk, 1 L or 1 qt	$1.15	$1.78
🍞 Bread, 0.5 kg or 1.1 lb	$2.5	$2.12
🍚 Rice, 1 kg or 2.2 lb	$1.69	$2.08
🥚 Eggs, x12	$4.73	$2.67
🧀 Cheese, 1 kg or 2.2 lb	$13.4	$13.2
🐔 Chicken Breast, 1 kg or 2.2 lb	$9.93	$7.23
🥩 Round Steak, 1 kg or 2.2 lb	$9.74	$10.4
🍏 Apples, 1 kg or 2.2 lb	$2.66	$3.11
🍌 Banana, 1 kg or 2.2 lb	$2.26	$1.54
🍊 Oranges, 1 kg or 2.2 lb	$1.46	$3.09
🍅 Tomato, 1 kg or 2.2 lb	$3.86	$2.94
🥔 Potato, 1 kg or 2.2 lb	$1.81	$2.19
🧅 Onion, 1 kg or 2.2 lb	$1.78	$2.5
🌊 Water, 1 L or 1 qt	$1.09	$1
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$3.66	$2.51
🍾 Wine (mid-priced), 750 mL bottle	$9.02	$9.03
🍺 Beer, 0.5 L or 16 fl oz	$2.19	$1.14
🚬 Cigarette pack	$5.06	$5.89
💊 Cold medicince, 1 week	$8.1	$10.5
🧴 Hair Shampoo	$7.04	$6.97
🧻 Toilet paper, 4 rolls	$3.12	$3.12
👄 Toothpaste, 1 tube	$3.29	$3.06
Other
🏋️ Gym Membership, 1 month	$57.3	$43.8
🎫 Cinema Ticket, 1 person	$9.5	$6.71
👩‍⚕️ Doctor's visit	$69.7	$49.1
💇 Haircut, simple	$12	$13.7
👖 Brand Jeans	$93.3	$54.3
👟 Brand Sneakers	$115	$90.2
👶 Daycare or Preschool, 1 month	$370	$437
🏫 International Primary School, 1 year	$7936	$9531

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	$1169
21 km or 13 mi	Ciudad de la Costa	$1171
85 km or 53 mi	Florida	$1096
102 km or 63 mi	Minas	$1188
110 km or 69 mi	Maldonado	$968
113 km or 70 mi	Punta del Este	$1505
155 km or 96 mi	Berisso	$622
163 km or 101 mi	La Plata	$616
168 km or 104 mi	Durazno	$1080
187 km or 116 mi	Berazategui	$683
189 km or 118 mi	Ezpeleta	$627
192 km or 120 mi	Quilmes	$481
194 km or 121 mi	Bernal	$540
197 km or 122 mi	San Francisco Solano	$672
197 km or 123 mi	Wilde	$620
199 km or 124 mi	Villa Dominico	$672
200 km or 124 mi	Monte Chingolo	$717
201 km or 125 mi	Burzaco	$740
201 km or 125 mi	Rafael Calzada	$752
202 km or 126 mi	Glew	$721
202 km or 126 mi	Florencio Varela	$748
203 km or 126 mi	Longchamps	$728
203 km or 126 mi	Temperley	$766
204 km or 127 mi	Lomas de Zamora	$801
205 km or 127 mi	Buenos Aires	$909
205 km or 127 mi	Remedios de Escalada	$783
205 km or 127 mi	Lanus	$808
210 km or 130 mi	Monte Grande	$752
214 km or 133 mi	Ciudad Madero	$773
214 km or 133 mi	Ezeiza	$749
216 km or 134 mi	Ciudad Evita	$769
217 km or 135 mi	Florida Este	$777
217 km or 135 mi	Lomas del Mirador	$777
217 km or 135 mi	La Tablada	$779
218 km or 135 mi	Caseros	$770
219 km or 136 mi	San Justo	$790
219 km or 136 mi	San Isidro	$812
221 km or 137 mi	Ramos Mejia	$764
221 km or 137 mi	Gregorio de Laferrere	$770
221 km or 138 mi	Isidro Casanova	$771

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