Panama City vs Phoenix - Cost of Living Comparison

Updated: March 02, 2025

	Panama City	Phoenix
🚶 Cost of living one person	$1479	$2395
👨‍👩‍👧‍👦 Cost of living Family	$3609	$5245
🏠 One person rent	$846	$1494
🏘️ Family rent	$1592	$2384
🍽️ Food expenses	$440	$594
🚐 Transport expenses	$83	$151
💳 Monthly salary after tax	$967	$4432
😷 Air quality	Good	Excellent
✈️ Airport proximity	7 km	12 km
🎓 Higher education	42	69
😀 Quality of life	67	90
🏙️ Population	881K	1.61M

The cost of living in Panama City is 38% less expensive than in Phoenix. Cities ranked 3517th and 955th ($1479 vs $2395) in the list of the most expensive cities in the world and ranked 1st and 875th 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 1.9 months in Phoenix. Panama City ranked 1st best city to live in Panama vs Phoenix ranked 31st in the United States, while ranked 3734th and 146th 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	$10.4	$19
🥂 Dinner in a Restaurant, for 2	$48.5	$71.6
🥪 Fast food meal, equiv. McDonald's	$8.06	$12.2
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$2.97	$6.03
☕ Cappuccino	$3.99	$6.21
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$1.66	$2.67
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$891	$1526
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$681	$1215
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$1749	$2412
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$1344	$2009
🔌 Utility Bill one person, electricity, heating, water, etc.	$78	$146
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$121	$224
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$45.4	$70.2
🏦 Mortgage Interest Rate for 20 Years	6.28%	6.5%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$2551	$3736
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$1632	$3133
Transportation
🚌 Local transport ticket	$0.42	$2
🎟️ Monthly ticket local transport	$23.2	$63.4
🚕 Taxi Ride, 8 km or 5 mi	$14.3	$14.5
⛽ Gas / Petrol, 1 L or 0.26 gal	$0.96	$0.98
Groceries
🥛 Milk, 1 L or 1 qt	$1.8	$0.88
🍞 Bread, 0.5 kg or 1.1 lb	$2.19	$3.44
🍚 Rice, 1 kg or 2.2 lb	$2.33	$3.81
🥚 Eggs, x12	$2.77	$4.41
🧀 Cheese, 1 kg or 2.2 lb	$12.4	$11.3
🐔 Chicken Breast, 1 kg or 2.2 lb	$7.09	$10.1
🥩 Round Steak, 1 kg or 2.2 lb	$9.99	$12.7
🍏 Apples, 1 kg or 2.2 lb	$3.44	$4.18
🍌 Banana, 1 kg or 2.2 lb	$1.58	$1.43
🍊 Oranges, 1 kg or 2.2 lb	$2.89	$3.93
🍅 Tomato, 1 kg or 2.2 lb	$2.94	$4.16
🥔 Potato, 1 kg or 2.2 lb	$2.23	$2.58
🧅 Onion, 1 kg or 2.2 lb	$2.8	$2.41
🌊 Water, 1 L or 1 qt	$1.07	$1.45
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$2.31	$2.7
🍾 Wine (mid-priced), 750 mL bottle	$10	$16.1
🍺 Beer, 0.5 L or 16 fl oz	$1.29	$2.3
🚬 Cigarette pack	$5.98	$10.3
💊 Cold medicince, 1 week	$11.7	$6.39
🧴 Hair Shampoo	$7.94	$4.91
🧻 Toilet paper, 4 rolls	$3.37	$4.8
👄 Toothpaste, 1 tube	$3.71	$2.19
Other
🏋️ Gym Membership, 1 month	$45.3	$27.8
🎫 Cinema Ticket, 1 person	$7.22	$12.1
👩‍⚕️ Doctor's visit	$54.5	$132
💇 Haircut, simple	$12.9	$17.7
👖 Brand Jeans	$56.8	$50.3
👟 Brand Sneakers	$93.2	$92.3
👶 Daycare or Preschool, 1 month	$477	$1103
🏫 International Primary School, 1 year	$13616	$12281

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	$1328
16 km or 9.9 mi	Tocumen	$1310
26 km or 16 mi	Pacora	$1304
34 km or 21 mi	La Chorrera	$957
59 km or 37 mi	Colon	$1172
108 km or 67 mi	Penonome	$1116
154 km or 96 mi	Chitre	$1117
190 km or 118 mi	Santiago de Veraguas	$1089
321 km or 199 mi	Turbo	$664
329 km or 204 mi	David	$890
398 km or 247 mi	Monteria	$645
403 km or 250 mi	Limon	$1225
406 km or 252 mi	Santa Cruz de Lorica	$669
452 km or 281 mi	Sincelejo	$524
463 km or 288 mi	Cartagena	$760
483 km or 300 mi	Quibdo	$705
494 km or 307 mi	Cartago	$1024
513 km or 319 mi	San Jose	$1324
518 km or 322 mi	Heredia	$1296
521 km or 324 mi	Magangue	$604
526 km or 327 mi	Bello	$839
529 km or 329 mi	Alajuela	$1269
530 km or 329 mi	Medellin	$906
534 km or 332 mi	Envigado	$897
558 km or 347 mi	Soledad	$741
559 km or 348 mi	Barranquilla	$773
595 km or 370 mi	Puntarenas	$801
617 km or 383 mi	Cartago	$649
617 km or 383 mi	Cienaga	$742
623 km or 387 mi	Manizales	$653
627 km or 390 mi	Santa Teresa	$1213
627 km or 390 mi	Pereira	$680
631 km or 392 mi	Santa Marta	$837
632 km or 393 mi	Buenaventura	$742
636 km or 395 mi	Minca	$759
651 km or 404 mi	Salento	$605
652 km or 405 mi	Armenia	$598
657 km or 408 mi	Tulua	$513
658 km or 409 mi	Barrancabermeja	$1031
675 km or 419 mi	Liberia	$932

Cities near Phoenix

Distance	City	Cost of living
13 km or 8.1 mi	Glendale	$1979
14 km or 9 mi	Scottsdale	$2524
16 km or 10 mi	Peoria	$2342
17 km or 10 mi	Tempe	$2423
25 km or 15 mi	El Mirage	$2304
26 km or 16 mi	Mesa	$2413
27 km or 17 mi	Avondale	$2525
28 km or 17 mi	Goodyear	$2468
29 km or 18 mi	Surprise	$2328
33 km or 21 mi	Chandler	$2306
33 km or 21 mi	Gilbert	$2417
33 km or 21 mi	Fountain Hills	$2353
51 km or 31 mi	Queen Creek	$2353
51 km or 32 mi	Apache Junction	$2342
51 km or 32 mi	Buckeye	$2388
53 km or 33 mi	Maricopa	$2281
78 km or 48 mi	Casa Grande	$2296
84 km or 52 mi	Florence	$2319
118 km or 73 mi	Prescott	$2466
122 km or 76 mi	Prescott Valley	$2423
155 km or 96 mi	Marana	$2073
160 km or 99 mi	Oro Valley	$2056
165 km or 102 mi	Casas Adobes	$2027
181 km or 112 mi	Tucson	$1957
190 km or 118 mi	Flagstaff	$2543
205 km or 128 mi	Sahuarita	$2037
232 km or 144 mi	Lake Havasu	$2013
234 km or 145 mi	Blythe	$2763
254 km or 158 mi	Yuma	$1815
259 km or 161 mi	Kingman	$1926
264 km or 164 mi	Nogales	$2077
268 km or 166 mi	Nogales	$830
276 km or 171 mi	San Luis	$1947
276 km or 172 mi	San Luis Rio Colorado	$823
278 km or 173 mi	Sierra Vista	$1638
290 km or 180 mi	Bullhead	$1852
313 km or 194 mi	Caborca	$788
327 km or 203 mi	Brawley	$2729
330 km or 205 mi	Mexicali	$913
332 km or 207 mi	Calexico	$2724