Munich vs Panama City - Cost of Living Comparison

Updated: October 10, 2024

	Munich	Panama City
🚶 Cost of living one person	$2332	$1384
👨‍👩‍👧‍👦 Cost of living Family	$5652	$3435
🏠 One person rent	$1380	$751
🏘️ Family rent	$2574	$1474
🍽️ Food expenses	$569	$444
🚐 Transport expenses	$219	$84.4
💳 Monthly salary after tax	$3717	$914
😷 Air quality	Excellent	Good
✈️ Airport proximity	23 km	7 km
🎓 Higher education	91	42
😀 Quality of life	94	66
🏙️ Population	1.51M	881K

The cost of living in Munich is 69% more expensive than in Panama City. Cities ranked 1056th and 4139th ($2332 vs $1384) in the list of the most expensive cities in the world and ranked 1st and 1st in Germany and Panama, respectively. Check Germany vs Panama comparison.

The average after-tax salary is enough to cover living expenses for 1.6 months in Munich compared to 0.7 months in Panama City. Munich ranked 8th best city to live in Germany vs Panama City ranked 1st in Panama, while ranked 54th and 3919th among best cities to live in the world.

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the estimated difference in money purchasing power

Cost of living in Munich vs Panama City infographic

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Prices in Munich vs Panama City

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

	Munich	Panama City
Eating Out
🍱 Lunch Menu	$17.1	$12.3
🥂 Dinner in a Restaurant, for 2	$77.8	$55.2
🥪 Fast food meal, equiv. McDonald's	$12.8	$7.6
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$5.12	$2.94
☕ Cappuccino	$4.67	$4.25
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$4	$1.9
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$1433	$827
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$1107	$577
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$2772	$1757
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$2147	$1198
🔌 Utility Bill one person, electricity, heating, water, etc.	$165	$76.7
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$258	$118
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$43.3	$47.4
🏦 Mortgage Interest Rate for 20 Years	3.97%	6.12%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$12629	$2406
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$9154	$1535
Transportation
🚌 Local transport ticket	$4.13	$0.35
🎟️ Monthly ticket local transport	$56.1	$26.2
🚕 Taxi Ride, 8 km or 5 mi	$26.8	$13.9
⛽ Gas / Petrol, 1 L or 0.26 gal	$2.03	$1.02
Groceries
🥛 Milk, 1 L or 1 qt	$1.44	$1.78
🍞 Bread, 0.5 kg or 1.1 lb	$2.66	$2.12
🍚 Rice, 1 kg or 2.2 lb	$3.14	$2.08
🥚 Eggs, x12	$3.87	$2.67
🧀 Cheese, 1 kg or 2.2 lb	$14.9	$13.2
🐔 Chicken Breast, 1 kg or 2.2 lb	$13.8	$7.23
🥩 Round Steak, 1 kg or 2.2 lb	$20.4	$10.4
🍏 Apples, 1 kg or 2.2 lb	$3.02	$3.11
🍌 Banana, 1 kg or 2.2 lb	$1.87	$1.54
🍊 Oranges, 1 kg or 2.2 lb	$2.53	$3.09
🍅 Tomato, 1 kg or 2.2 lb	$3.78	$2.94
🥔 Potato, 1 kg or 2.2 lb	$1.73	$2.19
🧅 Onion, 1 kg or 2.2 lb	$1.84	$2.5
🌊 Water, 1 L or 1 qt	$0.62	$1
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$2.02	$2.51
🍾 Wine (mid-priced), 750 mL bottle	$7.51	$9.03
🍺 Beer, 0.5 L or 16 fl oz	$1.2	$1.14
🚬 Cigarette pack	$9.36	$5.89
💊 Cold medicince, 1 week	$9.23	$10.5
🧴 Hair Shampoo	$3.54	$6.97
🧻 Toilet paper, 4 rolls	$2.06	$3.12
👄 Toothpaste, 1 tube	$1.51	$3.06
Other
🏋️ Gym Membership, 1 month	$56.9	$43.8
🎫 Cinema Ticket, 1 person	$14.2	$6.71
👩‍⚕️ Doctor's visit	$78.3	$49.1
💇 Haircut, simple	$23	$13.7
👖 Brand Jeans	$101	$54.3
👟 Brand Sneakers	$107	$90.2
👶 Daycare or Preschool, 1 month	$1009	$437
🏫 International Primary School, 1 year	$19483	$9531

Cost of living in other countries

Cost of living

Cost of Living in the nearest cities

Cities near Munich

Distance	City	Cost of living
16 km or 9.6 mi	Germering	$1886
16 km or 10 mi	Unterschleiheim	$1838
17 km or 10 mi	Puchheim	$1869
17 km or 11 mi	Dachau	$1837
20 km or 13 mi	Olching	$1817
23 km or 15 mi	Starnberg	$1805
24 km or 15 mi	Furstenfeldbruck	$1782
31 km or 19 mi	Erding	$1686
31 km or 19 mi	Geretsried	$1777
32 km or 20 mi	Freising	$1688
44 km or 28 mi	Pfaffenhofen an der Ilm	$1643
47 km or 29 mi	Weilheim in Oberbayern	$1871
48 km or 30 mi	Aichach	$1664
50 km or 31 mi	Friedberg	$1650
52 km or 32 mi	Rosenheim	$1224
53 km or 33 mi	Konigsbrunn	$1655
53 km or 33 mi	Landsberg am Lech	$1717
57 km or 35 mi	Augsburg	$1714
61 km or 38 mi	Gersthofen	$1646
62 km or 38 mi	Landshut	$1657
62 km or 38 mi	Waldkraiburg	$1614
62 km or 39 mi	Neusa	$1652
71 km or 44 mi	Ingolstadt	$1536
71 km or 44 mi	Muhldorf	$1618
72 km or 45 mi	Neuburg an der Donau	$1589
76 km or 48 mi	Kaufbeuren	$1751
77 km or 48 mi	Traunreut	$1606
80 km or 50 mi	Garmisch-Partenkirchen	$2024
85 km or 53 mi	Traunstein	$1630
87 km or 54 mi	Donauworth	$1619
98 km or 61 mi	Innsbruck	$1783
103 km or 64 mi	Gunzburg	$1651
104 km or 65 mi	Kempten	$1612
105 km or 65 mi	Regensburg	$1740
105 km or 65 mi	Memmingen	$1665
110 km or 69 mi	Straubing	$1607
112 km or 70 mi	Nordlingen	$1606
114 km or 71 mi	Senden	$1668
116 km or 72 mi	Salzburg	$1778
119 km or 74 mi	Sonthofen	$1668

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