New York City vs Panama City - Cost of Living Comparison

Updated:

Livingcost

New York City Panama City
🚶 Cost of living one person
$4044
$1316
👨‍👩‍👧‍👦 Cost of living Family
$8222
$3171
🏠 One person rent
$2662
$709
🏘️ Family rent
$3953
$1291
🍽️ Food expenses
$794
$426
🚐 Transport expenses
$392
$78
💳 Monthly salary after tax
$6298
$901
😷 Air quality
Excellent
Moderate
✈️ Airport proximity
13 km
7 km
🎓 Higher education
100
42
😀 Quality of life
96
67
🏙️ Population
8.8M
881K

The cost of living in New York City is 207% more expensive than in Panama City. Cities ranked 6th and 4138th ($4044 vs $1316) in the list of the most expensive cities in the world and ranked 4th 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 1.6 months in New York City compared to 0.7 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 8th and 3926th among best cities to live in the world.

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Cost of living in New York City vs Panama City infographic

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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
$24.2
$11.5
🥂 Dinner in a Restaurant, for 2
$108
$51.8
🥪 Fast food meal, equiv. McDonald's
$11.8
$7.97
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$8.64
$2.6
☕ Cappuccino
$5.71
$4.35
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$2.94
$1.75
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$3504
$836
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$2240
$520
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$3748
$1703
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$3719
$980
🔌 Utility Bill one person, electricity, heating, water, etc.
$103
$78.2
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$162
$119
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$66.3
$47.6
🏦 Mortgage Interest Rate for 20 Years
6.65%
5.97%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$16943
$2399
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$12588
$1457
Transportation
🚌 Local transport ticket
$2.96
$0.35
🎟️ Monthly ticket local transport
$135
$25.9
🚕 Taxi Ride, 8 km or 5 mi
$26.4
$12
⛽ Gas / Petrol, 1 L or 0.26 gal
$1.05
$1.06
Groceries
🥛 Milk, 1 L or 1 qt
$1.4
$1.76
🍞 Bread, 0.5 kg or 1.1 lb
$4.11
$2.11
🍚 Rice, 1 kg or 2.2 lb
$5.76
$1.71
🥚 Eggs, x12
$5.55
$2.63
🧀 Cheese, 1 kg or 2.2 lb
$16.5
$11.9
🐔 Chicken Breast, 1 kg or 2.2 lb
$15.2
$7.45
🥩 Round Steak, 1 kg or 2.2 lb
$19.9
$8.87
🍏 Apples, 1 kg or 2.2 lb
$5.87
$2.91
🍌 Banana, 1 kg or 2.2 lb
$2.03
$1.37
🍊 Oranges, 1 kg or 2.2 lb
$5.87
$2.8
🍅 Tomato, 1 kg or 2.2 lb
$6.18
$2.81
🥔 Potato, 1 kg or 2.2 lb
$3.38
$2.1
🧅 Onion, 1 kg or 2.2 lb
$3.81
$2.02
🌊 Water, 1 L or 1 qt
$1.64
$0.98
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$3
$2.59
🍾 Wine (mid-priced), 750 mL bottle
$20
$9.98
🍺 Beer, 0.5 L or 16 fl oz
$2.67
$1.14
🚬 Cigarette pack
$16.7
$5.88
💊 Cold medicince, 1 week
$9.36
$9.43
🧴 Hair Shampoo
$7.02
$7.05
🧻 Toilet paper, 4 rolls
$6.99
$3.43
👄 Toothpaste, 1 tube
$2.37
$3.7
Other
🏋️ Gym Membership, 1 month
$115
$42
🎫 Cinema Ticket, 1 person
$18.8
$6.85
👩‍⚕️ Doctor's visit
$111
$48.6
💇 Haircut, simple
$27.2
$13.5
👖 Brand Jeans
$68.7
$54.3
👟 Brand Sneakers
$104
$86.9
👶 Daycare or Preschool, 1 month
$1647
$408
🏫 International Primary School, 1 year
$17859
$9581

Cost of living in other countries

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Cost of Living in the nearest cities

Cities near New York City

Distance City Cost of living
11 km or 6.6 mi Astoria
$2529
11 km or 6.8 mi Hoboken
$2821
11 km or 7.1 mi Jersey
$3002
13 km or 8.3 mi Union
$2743
14 km or 8.8 mi West New York
$2739
14 km or 8.9 mi Bayonne
$3241
15 km or 9.6 mi North Bergen
$2691
17 km or 10 mi Secaucus
$2638
17 km or 11 mi Cliffside Park
$2613
18 km or 11 mi Kearny
$2494
20 km or 12 mi Valley Stream
$2608
20 km or 13 mi Fort Lee
$2612
20 km or 13 mi Lyndhurst
$2520
22 km or 14 mi Newark
$1956
23 km or 14 mi Elizabeth
$2622
23 km or 14 mi Belleville
$2400
25 km or 15 mi Hillside
$2464
25 km or 15 mi Long Beach
$2612
25 km or 15 mi Nutley
$2433
25 km or 16 mi East Orange
$2351
25 km or 16 mi Irvington
$2338
26 km or 16 mi Rockville Centre
$2521
26 km or 16 mi Linden
$2684
26 km or 16 mi Hackensack
$2653
26 km or 16 mi Bloomfield
$2422
26 km or 16 mi Teaneck
$2638
26 km or 16 mi Carteret
$2695
26 km or 16 mi Passaic
$2615
27 km or 17 mi Roselle
$2660
27 km or 17 mi Hempstead
$2627
28 km or 17 mi Union Township
$2614
28 km or 18 mi Clifton
$2698
28 km or 18 mi Maplewood
$2534
29 km or 18 mi Montclair
$2404
29 km or 18 mi Bergenfield
$2737
29 km or 18 mi Mount Vernon
$2784
30 km or 18 mi Rahway
$2694
30 km or 18 mi Uniondale
$2465
30 km or 18 mi West Orange
$2447
30 km or 18 mi New Rochelle
$3028

Cities near Panama City

Distance City Cost of living
8.1 km or 5 mi Balboa
$1189
16 km or 9.9 mi Tocumen
$1171
26 km or 16 mi Pacora
$1182
34 km or 21 mi La Chorrera
$917
59 km or 37 mi Colon
$1157
108 km or 67 mi Penonome
$940
154 km or 96 mi Chitre
$980
190 km or 118 mi Santiago de Veraguas
$961
321 km or 199 mi Turbo
$624
329 km or 204 mi David
$789
398 km or 247 mi Monteria
$633
403 km or 250 mi Limon
$1147
406 km or 252 mi Santa Cruz de Lorica
$573
452 km or 281 mi Sincelejo
$536
463 km or 288 mi Cartagena
$877
483 km or 300 mi Quibdo
$649
494 km or 307 mi Cartago
$1009
513 km or 319 mi San Jose
$1169
518 km or 322 mi Heredia
$1040
521 km or 324 mi Magangue
$582
526 km or 327 mi Bello
$778
529 km or 329 mi Alajuela
$1163
530 km or 329 mi Medellin
$867
534 km or 332 mi Envigado
$812
558 km or 347 mi Soledad
$851
559 km or 348 mi Barranquilla
$780
595 km or 370 mi Puntarenas
$1024
617 km or 383 mi Cartago
$639
617 km or 383 mi Cienaga
$661
623 km or 387 mi Manizales
$727
627 km or 390 mi Santa Teresa
$1114
627 km or 390 mi Pereira
$639
631 km or 392 mi Santa Marta
$705
632 km or 393 mi Buenaventura
$552
636 km or 395 mi Minca
$655
651 km or 404 mi Salento
$567
652 km or 405 mi Armenia
$551
657 km or 408 mi Tulua
$493
658 km or 409 mi Barrancabermeja
$592
675 km or 419 mi Liberia
$1220