New York City vs Panama City - Cost of Living Comparison

Updated: October 10, 2024

	New York City	Panama City
🚶 Cost of living one person	$4051	$1384
👨‍👩‍👧‍👦 Cost of living Family	$8925	$3435
🏠 One person rent	$2620	$751
🏘️ Family rent	$4454	$1474
🍽️ Food expenses	$807	$444
🚐 Transport expenses	$399	$84.4
💳 Monthly salary after tax	$5777	$914
😷 Air quality	Good	Good
✈️ Airport proximity	13 km	7 km
🎓 Higher education	100	42
😀 Quality of life	97	66
🏙️ Population	8.8M	881K

The cost of living in New York City is 193% more expensive than in Panama City. Cities ranked 5th and 4139th ($4051 vs $1384) in the list of the most expensive cities in the world and ranked 3rd 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 1.4 months in New York City compared to 0.7 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 13th and 3919th 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	$24.7	$12.3
🥂 Dinner in a Restaurant, for 2	$111	$55.2
🥪 Fast food meal, equiv. McDonald's	$12.6	$7.6
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$9.78	$2.94
☕ Cappuccino	$6.22	$4.25
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$3.16	$1.9
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$2702	$827
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$2361	$577
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$5005	$1757
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$3996	$1198
🔌 Utility Bill one person, electricity, heating, water, etc.	$122	$76.7
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$187	$118
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$69.3	$47.4
🏦 Mortgage Interest Rate for 20 Years	6.73%	6.12%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$19111	$2406
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$3215	$1535
Transportation
🚌 Local transport ticket	$2.88	$0.35
🎟️ Monthly ticket local transport	$138	$26.2
🚕 Taxi Ride, 8 km or 5 mi	$27.1	$13.9
⛽ Gas / Petrol, 1 L or 0.26 gal	$1.02	$1.02
Groceries
🥛 Milk, 1 L or 1 qt	$1.39	$1.78
🍞 Bread, 0.5 kg or 1.1 lb	$4.43	$2.12
🍚 Rice, 1 kg or 2.2 lb	$6.1	$2.08
🥚 Eggs, x12	$5.36	$2.67
🧀 Cheese, 1 kg or 2.2 lb	$16.6	$13.2
🐔 Chicken Breast, 1 kg or 2.2 lb	$13.7	$7.23
🥩 Round Steak, 1 kg or 2.2 lb	$19.2	$10.4
🍏 Apples, 1 kg or 2.2 lb	$5.78	$3.11
🍌 Banana, 1 kg or 2.2 lb	$2.13	$1.54
🍊 Oranges, 1 kg or 2.2 lb	$5.75	$3.09
🍅 Tomato, 1 kg or 2.2 lb	$5.74	$2.94
🥔 Potato, 1 kg or 2.2 lb	$3.22	$2.19
🧅 Onion, 1 kg or 2.2 lb	$3.62	$2.5
🌊 Water, 1 L or 1 qt	$1.57	$1
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$2.88	$2.51
🍾 Wine (mid-priced), 750 mL bottle	$20.1	$9.03
🍺 Beer, 0.5 L or 16 fl oz	$3.49	$1.14
🚬 Cigarette pack	$17.1	$5.89
💊 Cold medicince, 1 week	$10.5	$10.5
🧴 Hair Shampoo	$10	$6.97
🧻 Toilet paper, 4 rolls	$7.97	$3.12
👄 Toothpaste, 1 tube	$2.36	$3.06
Other
🏋️ Gym Membership, 1 month	$144	$43.8
🎫 Cinema Ticket, 1 person	$19.8	$6.71
👩‍⚕️ Doctor's visit	$156	$49.1
💇 Haircut, simple	$25.4	$13.7
👖 Brand Jeans	$65.6	$54.3
👟 Brand Sneakers	$111	$90.2
👶 Daycare or Preschool, 1 month	$1717	$437
🏫 International Primary School, 1 year	$20585	$9531

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	$2510
11 km or 6.8 mi	Hoboken	$3280
11 km or 7.1 mi	Jersey	$3002
13 km or 8.3 mi	Union	$2857
14 km or 8.8 mi	West New York	$2634
14 km or 8.9 mi	Bayonne	$3168
15 km or 9.6 mi	North Bergen	$2611
17 km or 10 mi	Secaucus	$2701
17 km or 11 mi	Cliffside Park	$2414
18 km or 11 mi	Kearny	$2671
20 km or 12 mi	Valley Stream	$2715
20 km or 13 mi	Fort Lee	$2165
20 km or 13 mi	Lyndhurst	$2605
22 km or 14 mi	Newark	$2575
23 km or 14 mi	Elizabeth	$2733
23 km or 14 mi	Belleville	$2479
25 km or 15 mi	Hillside	$2664
25 km or 15 mi	Long Beach	$2722
25 km or 15 mi	Nutley	$2493
25 km or 16 mi	East Orange	$2635
25 km or 16 mi	Irvington	$2622
26 km or 16 mi	Rockville Centre	$2607
26 km or 16 mi	Linden	$2762
26 km or 16 mi	Hackensack	$2590
26 km or 16 mi	Bloomfield	$2424
26 km or 16 mi	Teaneck	$2641
26 km or 16 mi	Carteret	$2778
26 km or 16 mi	Passaic	$2646
27 km or 17 mi	Roselle	$2760
27 km or 17 mi	Hempstead	$2702
28 km or 17 mi	Union Township	$2732
28 km or 18 mi	Clifton	$2721
28 km or 18 mi	Maplewood	$2691
29 km or 18 mi	Montclair	$2454
29 km or 18 mi	Bergenfield	$2586
29 km or 18 mi	Mount Vernon	$2811
30 km or 18 mi	Rahway	$2771
30 km or 18 mi	Uniondale	$2578
30 km or 18 mi	West Orange	$2553
30 km or 18 mi	New Rochelle	$3108

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