New York City vs Panama City - Cost of Living Comparison

Updated: October 14, 2025

	New York City	Panama City
🚶 Cost of living one person	$4203	$1560
👨‍👩‍👧‍👦 Cost of living Family	$9136	$3547
🏠 One person rent	$2713	$943
🏘️ Family rent	$4396	$1558
🍽️ Food expenses	$874	$429
🚐 Transport expenses	$379	$78.4
💳 Monthly salary after tax	$5599	$982
😷 Air quality	Excellent	Excellent
✈️ Airport proximity	13 km	7 km
🎓 Higher education	100	43
😀 Quality of life	98	71
🏙️ Population	8.8M	410K

The cost of living in New York City is 169% more expensive than in Panama City. Cities ranked 4th and 3737th ($4203 vs $1560) in the list of the most expensive cities in the world and ranked 2nd 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 1.3 months in New York City compared to 0.6 months in Panama City. New York City ranked 1st best city to live in the United States vs Panama City ranked 1st in Panama, while ranked 11th and 3765th among best cities to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

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

Prices in New York City vs Panama City

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

	New York City	Panama City
Eating Out
🍱 Lunch Menu	$23.2	$10.6
🥂 Dinner in a Restaurant, for 2	$92.4	$45.7
🥪 Fast food meal, equiv. McDonald's	$14	$8.08
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$8.67	$2.93
☕ Cappuccino	$6.18	$4.03
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$3.07	$1.69
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$3669	$1015
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$2221	$759
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$5076	$1675
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$3880	$1306
🔌 Utility Bill one person, electricity, heating, water, etc.	$137	$86.4
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$211	$133
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$66.2	$45.5
🏦 Mortgage Interest Rate for 20 Years	6.42%	6.41%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$15299	$2662
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$11127	$1618
Transportation
🚌 Local transport ticket	$2.93	$0.35
🎟️ Monthly ticket local transport	$134	$23.2
🚕 Taxi Ride, 8 km or 5 mi	$25	$20.5
⛽ Gas / Petrol, 1 L or 0.26 gal	$0.9	$0.97
Groceries
🥛 Milk, 1 L or 1 qt	$1.58	$1.79
🍞 Bread, 0.5 kg or 1.1 lb	$4.49	$2.25
🍚 Rice, 1 kg or 2.2 lb	$6.71	$2.11
🥚 Eggs, x12	$7.75	$3.17
🧀 Cheese, 1 kg or 2.2 lb	$19.9	$11.7
🐔 Chicken Breast, 1 kg or 2.2 lb	$15.9	$6.81
🥩 Round Steak, 1 kg or 2.2 lb	$19.5	$9.86
🍏 Apples, 1 kg or 2.2 lb	$7.19	$3.27
🍌 Banana, 1 kg or 2.2 lb	$2.5	$1.52
🍊 Oranges, 1 kg or 2.2 lb	$5.91	$3.27
🍅 Tomato, 1 kg or 2.2 lb	$6.35	$3.05
🥔 Potato, 1 kg or 2.2 lb	$3.38	$2.34
🧅 Onion, 1 kg or 2.2 lb	$3.71	$3.26
🌊 Water, 1 L or 1 qt	$1.66	$1.05
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$3.76	$2.44
🍾 Wine (mid-priced), 750 mL bottle	$18.1	$11.2
🍺 Beer, 0.5 L or 16 fl oz	$4.3	$1.38
🚬 Cigarette pack	$18.8	$5.92
💊 Cold medicince, 1 week	$23.2	$8.17
🧴 Hair Shampoo	$13.9	$8.06
🧻 Toilet paper, 4 rolls	$8.03	$2.98
👄 Toothpaste, 1 tube	$2.87	$3.05
Other
🏋️ Gym Membership, 1 month	$128	$42.6
🎫 Cinema Ticket, 1 person	$20.7	$7.32
👩‍⚕️ Doctor's visit	$157	$58.4
💇 Haircut, simple	$37.3	$14.3
👖 Brand Jeans	$63.2	$54
👟 Brand Sneakers	$119	$91.3
👶 Daycare or Preschool, 1 month	$1884	$477
🏫 International Primary School, 1 year	$22663	$15637

Cost of living in other countries

Cost of living

Cost of Living in the nearest cities

Cities near New York City

Distance	City	Cost of living
11 km or 6.6 mi	Astoria	$2569
11 km or 6.8 mi	Hoboken	$3364
11 km or 7.1 mi	Jersey	$3066
13 km or 8.3 mi	Union	$2913
14 km or 8.8 mi	West New York	$2733
14 km or 8.9 mi	Bayonne	$3253
15 km or 9.6 mi	North Bergen	$2717
17 km or 10 mi	Secaucus	$2783
17 km or 11 mi	Cliffside Park	$2727
18 km or 11 mi	Kearny	$2725
20 km or 12 mi	Valley Stream	$2735
20 km or 13 mi	Fort Lee	$2811
20 km or 13 mi	Lyndhurst	$2671
22 km or 14 mi	Newark	$2712
23 km or 14 mi	Elizabeth	$2765
23 km or 14 mi	Belleville	$2538
25 km or 15 mi	Hillside	$2688
25 km or 15 mi	Long Beach	$2756
25 km or 15 mi	Nutley	$2545
25 km or 16 mi	East Orange	$2475
25 km or 16 mi	Irvington	$2614
26 km or 16 mi	Rockville Centre	$2647
26 km or 16 mi	Linden	$2770
26 km or 16 mi	Hackensack	$2705
26 km or 16 mi	Bloomfield	$2513
26 km or 16 mi	Teaneck	$2749
26 km or 16 mi	Carteret	$2774
26 km or 16 mi	Passaic	$2695
27 km or 17 mi	Roselle	$2769
27 km or 17 mi	Hempstead	$2655
28 km or 17 mi	Union Township	$2730
28 km or 18 mi	Clifton	$2718
28 km or 18 mi	Maplewood	$2609
29 km or 18 mi	Montclair	$2506
29 km or 18 mi	Bergenfield	$2723
29 km or 18 mi	Mount Vernon	$2911
30 km or 18 mi	Rahway	$2779
30 km or 18 mi	Uniondale	$2680
30 km or 18 mi	West Orange	$2470
30 km or 18 mi	New Rochelle	$3174

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