Munich vs Panama City - Cost of Living Comparison

Updated:

Livingcost

Munich Panama City
🚶 Cost of living one person
$2463
$1560
👨‍👩‍👧‍👦 Cost of living Family
$5699
$3547
🏠 One person rent
$1467
$943
🏘️ Family rent
$2572
$1558
🍽️ Food expenses
$593
$429
🚐 Transport expenses
$237
$78.4
💳 Monthly salary after tax
$3954
$982
😷 Air quality
Excellent
Excellent
✈️ Airport proximity
23 km
7 km
🎓 Higher education
90
43
😀 Quality of life
94
71
🏙️ Population
1.51M
410K

The cost of living in Munich is 58% more expensive than in Panama City. Cities ranked 920th and 3737th ($2463 vs $1560) 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 0.6 months in Panama City. Munich ranked 8th best city to live in Germany vs Panama City ranked 1st in Panama, while ranked 61st and 3765th among best cities to live in the world.

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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
$19.1
$10.6
🥂 Dinner in a Restaurant, for 2
$80.9
$45.7
🥪 Fast food meal, equiv. McDonald's
$14.3
$8.08
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$5.48
$2.93
☕ Cappuccino
$4.83
$4.03
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$4.05
$1.69
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$1546
$1015
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$1155
$759
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$2816
$1675
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$2089
$1306
🔌 Utility Bill one person, electricity, heating, water, etc.
$191
$86.4
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$294
$133
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$43.6
$45.5
🏦 Mortgage Interest Rate for 20 Years
4.03%
6.41%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$13232
$2662
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$9526
$1618
Transportation
🚌 Local transport ticket
$4.77
$0.35
🎟️ Monthly ticket local transport
$67.9
$23.2
🚕 Taxi Ride, 8 km or 5 mi
$27.7
$20.5
⛽ Gas / Petrol, 1 L or 0.26 gal
$1.98
$0.97
Groceries
🥛 Milk, 1 L or 1 qt
$1.43
$1.79
🍞 Bread, 0.5 kg or 1.1 lb
$2.55
$2.25
🍚 Rice, 1 kg or 2.2 lb
$3.05
$2.11
🥚 Eggs, x12
$4.32
$3.17
🧀 Cheese, 1 kg or 2.2 lb
$17.4
$11.7
🐔 Chicken Breast, 1 kg or 2.2 lb
$11.5
$6.81
🥩 Round Steak, 1 kg or 2.2 lb
$16.7
$9.86
🍏 Apples, 1 kg or 2.2 lb
$3.82
$3.27
🍌 Banana, 1 kg or 2.2 lb
$2.23
$1.52
🍊 Oranges, 1 kg or 2.2 lb
$2.89
$3.27
🍅 Tomato, 1 kg or 2.2 lb
$4.59
$3.05
🥔 Potato, 1 kg or 2.2 lb
$2.25
$2.34
🧅 Onion, 1 kg or 2.2 lb
$1.63
$3.26
🌊 Water, 1 L or 1 qt
$0.71
$1.05
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.04
$2.44
🍾 Wine (mid-priced), 750 mL bottle
$8.4
$11.2
🍺 Beer, 0.5 L or 16 fl oz
$1.31
$1.38
🚬 Cigarette pack
$9.75
$5.92
💊 Cold medicince, 1 week
$9.33
$8.17
🧴 Hair Shampoo
$3.71
$8.06
🧻 Toilet paper, 4 rolls
$2.11
$2.98
👄 Toothpaste, 1 tube
$1.56
$3.05
Other
🏋️ Gym Membership, 1 month
$53.4
$42.6
🎫 Cinema Ticket, 1 person
$15.6
$7.32
👩‍⚕️ Doctor's visit
$80.8
$58.4
💇 Haircut, simple
$21.4
$14.3
👖 Brand Jeans
$102
$54
👟 Brand Sneakers
$106
$91.3
👶 Daycare or Preschool, 1 month
$954
$477
🏫 International Primary School, 1 year
$14492
$15637

Cost of living in other countries

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Cost of Living in the nearest cities

Cities near Munich

Distance City Cost of living
16 km or 9.6 mi Germering
$1966
16 km or 10 mi Unterschleiheim
$1924
17 km or 10 mi Puchheim
$1956
17 km or 11 mi Dachau
$1934
20 km or 13 mi Olching
$1905
23 km or 15 mi Starnberg
$1901
24 km or 15 mi Furstenfeldbruck
$1876
31 km or 19 mi Erding
$1731
31 km or 19 mi Geretsried
$1842
32 km or 20 mi Freising
$1757
44 km or 28 mi Pfaffenhofen an der Ilm
$1725
47 km or 29 mi Weilheim in Oberbayern
$1854
48 km or 30 mi Aichach
$1784
50 km or 31 mi Friedberg
$1841
52 km or 32 mi Rosenheim
$1298
53 km or 33 mi Konigsbrunn
$1826
53 km or 33 mi Landsberg am Lech
$1790
57 km or 35 mi Augsburg
$1954
61 km or 38 mi Gersthofen
$1848
62 km or 38 mi Landshut
$1745
62 km or 38 mi Waldkraiburg
$1664
62 km or 39 mi Neusa
$1851
71 km or 44 mi Ingolstadt
$1659
71 km or 44 mi Muhldorf
$1655
72 km or 45 mi Neuburg an der Donau
$1671
76 km or 48 mi Kaufbeuren
$1807
77 km or 48 mi Traunreut
$1597
80 km or 50 mi Garmisch-Partenkirchen
$2083
85 km or 53 mi Traunstein
$1585
87 km or 54 mi Donauworth
$1697
98 km or 61 mi Innsbruck
$1917
103 km or 64 mi Gunzburg
$1675
104 km or 65 mi Kempten
$1706
105 km or 65 mi Regensburg
$1720
105 km or 65 mi Memmingen
$1725
110 km or 69 mi Straubing
$1654
112 km or 70 mi Nordlingen
$1657
114 km or 71 mi Senden
$1654
116 km or 72 mi Salzburg
$1904
119 km or 74 mi Sonthofen
$1730

Cities near Panama City

Distance City Cost of living
8.1 km or 5 mi Balboa
$1400
16 km or 9.9 mi Tocumen
$1377
26 km or 16 mi Pacora
$1371
34 km or 21 mi La Chorrera
$981
59 km or 37 mi Colon
$1188
108 km or 67 mi Penonome
$1150
154 km or 96 mi Chitre
$1150
190 km or 118 mi Santiago de Veraguas
$1122
321 km or 199 mi Turbo
$721
329 km or 204 mi David
$925
398 km or 247 mi Monteria
$663
403 km or 250 mi Limon
$1288
406 km or 252 mi Santa Cruz de Lorica
$715
452 km or 281 mi Sincelejo
$547
463 km or 288 mi Cartagena
$1105
483 km or 300 mi Quibdo
$708
494 km or 307 mi Cartago
$1241
513 km or 319 mi San Jose
$1398
518 km or 322 mi Heredia
$1335
521 km or 324 mi Magangue
$667
526 km or 327 mi Bello
$881
529 km or 329 mi Alajuela
$1303
530 km or 329 mi Medellin
$1030
534 km or 332 mi Envigado
$950
558 km or 347 mi Soledad
$883
559 km or 348 mi Barranquilla
$843
595 km or 370 mi Puntarenas
$821
617 km or 383 mi Cartago
$679
617 km or 383 mi Cienaga
$831
623 km or 387 mi Manizales
$678
627 km or 390 mi Santa Teresa
$1236
627 km or 390 mi Pereira
$730
631 km or 392 mi Santa Marta
$929
632 km or 393 mi Buenaventura
$782
636 km or 395 mi Minca
$847
651 km or 404 mi Salento
$655
652 km or 405 mi Armenia
$667
657 km or 408 mi Tulua
$511
658 km or 409 mi Barrancabermeja
$1082
675 km or 419 mi Liberia
$953