Panama City vs Phoenix - Cost of Living Comparison

Updated: October 10, 2024

	Panama City	Phoenix
🚶 Cost of living one person	$1384	$2369
👨‍👩‍👧‍👦 Cost of living Family	$3435	$5226
🏠 One person rent	$751	$1477
🏘️ Family rent	$1474	$2396
🍽️ Food expenses	$444	$590
🚐 Transport expenses	$84.4	$145
💳 Monthly salary after tax	$914	$4699
😷 Air quality	Good	Excellent
✈️ Airport proximity	7 km	12 km
🎓 Higher education	42	69
😀 Quality of life	66	91
🏙️ Population	881K	1.61M

The cost of living in Panama City is 42% less expensive than in Phoenix. Cities ranked 4139th and 973rd ($1384 vs $2369) in the list of the most expensive cities in the world and ranked 1st and 858th in Panama and the United States, respectively. Check Panama vs the United States comparison.

The average after-tax salary is enough to cover living expenses for 0.7 months in Panama City compared to 2 months in Phoenix. Panama City ranked 1st best city to live in Panama vs Phoenix ranked 22nd in the United States, while ranked 3919th and 119th among best cities to live in the world.

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the estimated difference in money purchasing power

Cost of living in Panama City vs Phoenix infographic

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Prices in Panama City vs Phoenix

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

	Panama City	Phoenix
Eating Out
🍱 Lunch Menu	$12.3	$18.5
🥂 Dinner in a Restaurant, for 2	$55.2	$70.8
🥪 Fast food meal, equiv. McDonald's	$7.6	$12.4
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$2.94	$5.26
☕ Cappuccino	$4.25	$5.77
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$1.9	$2.71
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$827	$1440
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$577	$1190
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$1757	$2431
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$1198	$1985
🔌 Utility Bill one person, electricity, heating, water, etc.	$76.7	$163
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$118	$249
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$47.4	$74.2
🏦 Mortgage Interest Rate for 20 Years	6.12%	6.64%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$2406	$3520
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$1535	$2938
Transportation
🚌 Local transport ticket	$0.35	$2.41
🎟️ Monthly ticket local transport	$26.2	$53.8
🚕 Taxi Ride, 8 km or 5 mi	$13.9	$14.9
⛽ Gas / Petrol, 1 L or 0.26 gal	$1.02	$1.01
Groceries
🥛 Milk, 1 L or 1 qt	$1.78	$0.87
🍞 Bread, 0.5 kg or 1.1 lb	$2.12	$3.3
🍚 Rice, 1 kg or 2.2 lb	$2.08	$3.72
🥚 Eggs, x12	$2.67	$4.26
🧀 Cheese, 1 kg or 2.2 lb	$13.2	$10.6
🐔 Chicken Breast, 1 kg or 2.2 lb	$7.23	$9.88
🥩 Round Steak, 1 kg or 2.2 lb	$10.4	$13.1
🍏 Apples, 1 kg or 2.2 lb	$3.11	$4.44
🍌 Banana, 1 kg or 2.2 lb	$1.54	$1.43
🍊 Oranges, 1 kg or 2.2 lb	$3.09	$4.36
🍅 Tomato, 1 kg or 2.2 lb	$2.94	$3.99
🥔 Potato, 1 kg or 2.2 lb	$2.19	$2.79
🧅 Onion, 1 kg or 2.2 lb	$2.5	$2.75
🌊 Water, 1 L or 1 qt	$1	$1.49
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$2.51	$2.69
🍾 Wine (mid-priced), 750 mL bottle	$9.03	$16.2
🍺 Beer, 0.5 L or 16 fl oz	$1.14	$2.29
🚬 Cigarette pack	$5.89	$9.9
💊 Cold medicince, 1 week	$10.5	$6.32
🧴 Hair Shampoo	$6.97	$4.9
🧻 Toilet paper, 4 rolls	$3.12	$4.48
👄 Toothpaste, 1 tube	$3.06	$2.08
Other
🏋️ Gym Membership, 1 month	$43.8	$25.4
🎫 Cinema Ticket, 1 person	$6.71	$12.3
👩‍⚕️ Doctor's visit	$49.1	$132
💇 Haircut, simple	$13.7	$19.2
👖 Brand Jeans	$54.3	$49.6
👟 Brand Sneakers	$90.2	$88.9
👶 Daycare or Preschool, 1 month	$437	$1116
🏫 International Primary School, 1 year	$9531	$10377

Cost of living in other countries

Cost of living

Cost of Living in the nearest cities

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

Cities near Phoenix

Distance	City	Cost of living
13 km or 8.1 mi	Glendale	$1989
14 km or 9 mi	Scottsdale	$2588
16 km or 10 mi	Peoria	$2201
17 km or 10 mi	Tempe	$2430
25 km or 15 mi	El Mirage	$2287
26 km or 16 mi	Mesa	$2416
27 km or 17 mi	Avondale	$2518
28 km or 17 mi	Goodyear	$2446
29 km or 18 mi	Surprise	$2339
33 km or 21 mi	Chandler	$2414
33 km or 21 mi	Gilbert	$2372
33 km or 21 mi	Fountain Hills	$2352
51 km or 31 mi	Queen Creek	$2338
51 km or 32 mi	Apache Junction	$2342
51 km or 32 mi	Buckeye	$2422
53 km or 33 mi	Maricopa	$2291
78 km or 48 mi	Casa Grande	$2313
84 km or 52 mi	Florence	$2324
118 km or 73 mi	Prescott	$2484
122 km or 76 mi	Prescott Valley	$2415
155 km or 96 mi	Marana	$2052
160 km or 99 mi	Oro Valley	$2040
165 km or 102 mi	Casas Adobes	$2016
181 km or 112 mi	Tucson	$1954
190 km or 118 mi	Flagstaff	$2268
205 km or 128 mi	Sahuarita	$2026
232 km or 144 mi	Lake Havasu	$1999
234 km or 145 mi	Blythe	$2638
254 km or 158 mi	Yuma	$1792
259 km or 161 mi	Kingman	$1886
264 km or 164 mi	Nogales	$1986
268 km or 166 mi	Nogales	$786
276 km or 171 mi	San Luis	$1928
276 km or 172 mi	San Luis Rio Colorado	$840
278 km or 173 mi	Sierra Vista	$1665
290 km or 180 mi	Bullhead	$1842
313 km or 194 mi	Caborca	$758
327 km or 203 mi	Brawley	$2643
330 km or 205 mi	Mexicali	$955
332 km or 207 mi	Calexico	$2657