New York City vs Panama City - Cost of Living Comparison

Updated: March 11, 2026

	New York City	Panama City
🚶 Cost of living one person	$4207	$1583
👨‍👩‍👧‍👦 Cost of living Family	$9179	$3567
🏠 One person rent	$2718	$976
🏘️ Family rent	$4382	$1633
🍽️ Food expenses	$875	$432
🚐 Transport expenses	$373	$69.1
💳 Monthly salary after tax	$5229	$936
😷 Air quality	Excellent	Excellent
✈️ Airport proximity	13 km	7 km
🎓 Higher education	100	42
😀 Quality of life	95	69
🏙️ Population	8.8M	410K

The cost of living in New York City is 166% more expensive than in Panama City. Cities ranked 4th and 3744th ($4207 vs $1583) 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 1.2 months in New York City compared to 0.6 months in Panama City. New York City ranked 2nd best city to live in the United States vs Panama City ranked 1st in Panama, while ranked 18th and 4400th among best cities to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

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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	$23.6	$10.6
🥂 Dinner in a Restaurant, for 2	$107	$45.3
🥪 Fast food meal, equiv. McDonald's	$13.6	$7.39
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$8.27	$2.97
☕ Cappuccino	$5.88	$3.94
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$2.87	$1.71
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$3712	$1062
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$2223	$794
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$5056	$1911
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$3881	$1347
🔌 Utility Bill one person, electricity, heating, water, etc.	$130	$82.5
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$200	$128
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$66.8	$45.4
🏦 Mortgage Interest Rate for 20 Years	6.64%	6.26%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$17512	$3048
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$9335	$1725
Transportation
🚌 Local transport ticket	$3.01	$0.35
🎟️ Monthly ticket local transport	$134	$22.2
🚕 Taxi Ride, 8 km or 5 mi	$23.8	$17.4
⛽ Gas / Petrol, 1 L or 0.26 gal	$0.89	$0.93
Groceries
🥛 Milk, 1 L or 1 qt	$1.38	$1.84
🍞 Bread, 0.5 kg or 1.1 lb	$4.55	$2.23
🍚 Rice, 1 kg or 2.2 lb	$6.56	$2.33
🥚 Eggs, x12	$7.96	$3.26
🧀 Cheese, 1 kg or 2.2 lb	$19.2	$11.2
🐔 Chicken Breast, 1 kg or 2.2 lb	$15.1	$6.57
🥩 Round Steak, 1 kg or 2.2 lb	$19.9	$9.64
🍏 Apples, 1 kg or 2.2 lb	$6.67	$3.53
🍌 Banana, 1 kg or 2.2 lb	$2.42	$1.62
🍊 Oranges, 1 kg or 2.2 lb	$5.62	$3.29
🍅 Tomato, 1 kg or 2.2 lb	$6.34	$3.03
🥔 Potato, 1 kg or 2.2 lb	$3.09	$2.46
🧅 Onion, 1 kg or 2.2 lb	$3.46	$3.74
🌊 Water, 1 L or 1 qt	$1.65	$1.16
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$3.77	$2.41
🍾 Wine (mid-priced), 750 mL bottle	$18.5	$11.6
🍺 Beer, 0.5 L or 16 fl oz	$4.32	$1.44
🚬 Cigarette pack	$18.7	$6.04
💊 Cold medicince, 1 week	$23.4	$8.16
🧴 Hair Shampoo	$13.9	$8.03
🧻 Toilet paper, 4 rolls	$7.99	$2.96
👄 Toothpaste, 1 tube	$2.83	$3.04
Other
🏋️ Gym Membership, 1 month	$118	$42.8
🎫 Cinema Ticket, 1 person	$21.2	$7.3
👩‍⚕️ Doctor's visit	$156	$50.2
💇 Haircut, simple	$40.7	$14.5
👖 Brand Jeans	$68.7	$53.6
👟 Brand Sneakers	$116	$91.3
👶 Daycare or Preschool, 1 month	$2132	$503
🏫 International Primary School, 1 year	$21999	$13402

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	$2850
11 km or 6.8 mi	Hoboken	$3614
11 km or 7.1 mi	Jersey	$3134
13 km or 8.3 mi	Union	$3092
14 km or 8.8 mi	West New York	$2814
14 km or 8.9 mi	Bayonne	$3307
15 km or 9.6 mi	North Bergen	$2803
17 km or 10 mi	Secaucus	$2868
17 km or 11 mi	Cliffside Park	$2738
18 km or 11 mi	Kearny	$2781
20 km or 12 mi	Valley Stream	$2803
20 km or 13 mi	Fort Lee	$2801
20 km or 13 mi	Lyndhurst	$2696
22 km or 14 mi	Newark	$2750
23 km or 14 mi	Elizabeth	$2792
23 km or 14 mi	Belleville	$2533
25 km or 15 mi	Hillside	$2717
25 km or 15 mi	Long Beach	$2809
25 km or 15 mi	Nutley	$2539
25 km or 16 mi	East Orange	$2512
25 km or 16 mi	Irvington	$2665
26 km or 16 mi	Rockville Centre	$2684
26 km or 16 mi	Linden	$2774
26 km or 16 mi	Hackensack	$2685
26 km or 16 mi	Bloomfield	$2477
26 km or 16 mi	Teaneck	$2702
26 km or 16 mi	Carteret	$2782
26 km or 16 mi	Passaic	$2665
27 km or 17 mi	Roselle	$2772
27 km or 17 mi	Hempstead	$2697
28 km or 17 mi	Union Township	$2734
28 km or 18 mi	Clifton	$2666
28 km or 18 mi	Maplewood	$2638
29 km or 18 mi	Montclair	$2497
29 km or 18 mi	Bergenfield	$2687
29 km or 18 mi	Mount Vernon	$2863
30 km or 18 mi	Rahway	$2758
30 km or 18 mi	Uniondale	$2690
30 km or 18 mi	West Orange	$2503
30 km or 18 mi	New Rochelle	$3188

Cities near Panama City

Distance	City	Cost of living
8.1 km or 5 mi	Balboa	$1425
16 km or 9.9 mi	Tocumen	$1403
26 km or 16 mi	Pacora	$1395
34 km or 21 mi	La Chorrera	$977
59 km or 37 mi	Colon	$1179
108 km or 67 mi	Penonome	$1153
154 km or 96 mi	Chitre	$1154
190 km or 118 mi	Santiago de Veraguas	$1122
321 km or 199 mi	Turbo	$764
329 km or 204 mi	David	$922
398 km or 247 mi	Monteria	$703
403 km or 250 mi	Limon	$1332
406 km or 252 mi	Santa Cruz de Lorica	$764
452 km or 281 mi	Sincelejo	$572
463 km or 288 mi	Cartagena	$1155
483 km or 300 mi	Quibdo	$757
494 km or 307 mi	Cartago	$1290
513 km or 319 mi	San Jose	$1454
518 km or 322 mi	Heredia	$1378
521 km or 324 mi	Magangue	$707
526 km or 327 mi	Bello	$915
529 km or 329 mi	Alajuela	$1323
530 km or 329 mi	Medellin	$1071
534 km or 332 mi	Envigado	$992
558 km or 347 mi	Soledad	$950
559 km or 348 mi	Barranquilla	$909
595 km or 370 mi	Puntarenas	$825
617 km or 383 mi	Cartago	$738
617 km or 383 mi	Cienaga	$874
623 km or 387 mi	Manizales	$717
627 km or 390 mi	Santa Teresa	$1273
627 km or 390 mi	Pereira	$789
631 km or 392 mi	Santa Marta	$971
632 km or 393 mi	Buenaventura	$825
636 km or 395 mi	Minca	$887
651 km or 404 mi	Salento	$709
652 km or 405 mi	Armenia	$719
657 km or 408 mi	Tulua	$537
658 km or 409 mi	Barrancabermeja	$1040
675 km or 419 mi	Liberia	$957