Panama City vs Phoenix - Cost of Living Comparison

Updated: March 11, 2026

	Panama City	Phoenix
🚶 Cost of living one person	$1583	$2357
👨‍👩‍👧‍👦 Cost of living Family	$3567	$5360
🏠 One person rent	$976	$1407
🏘️ Family rent	$1633	$2224
🍽️ Food expenses	$432	$643
🚐 Transport expenses	$69.1	$151
💳 Monthly salary after tax	$936	$4113
😷 Air quality	Excellent	Excellent
✈️ Airport proximity	7 km	12 km
🎓 Higher education	42	71
😀 Quality of life	69	91
🏙️ Population	410K	1.61M

The cost of living in Panama City is 33% less expensive than in Phoenix. Cities ranked 3744th and 1175th ($1583 vs $2357) in the list of the most expensive cities in the world and ranked 1st and 1001st 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 0.6 months in Panama City compared to 1.7 months in Phoenix. Panama City ranked 1st best city to live in Panama vs Phoenix ranked 25th in the United States, while ranked 4400th and 134th among best cities to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

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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	$10.6	$18.2
🥂 Dinner in a Restaurant, for 2	$45.3	$80.7
🥪 Fast food meal, equiv. McDonald's	$7.39	$12.4
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$2.97	$5.99
☕ Cappuccino	$3.94	$6.66
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$1.71	$2.9
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$1062	$1499
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$794	$1101
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$1911	$2325
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$1347	$1811
🔌 Utility Bill one person, electricity, heating, water, etc.	$82.5	$155
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$128	$239
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$45.4	$70.9
🏦 Mortgage Interest Rate for 20 Years	6.26%	6.53%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$3048	$4603
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$1725	$3172
Transportation
🚌 Local transport ticket	$0.35	$2.33
🎟️ Monthly ticket local transport	$22.2	$64.5
🚕 Taxi Ride, 8 km or 5 mi	$17.4	$14.1
⛽ Gas / Petrol, 1 L or 0.26 gal	$0.93	$0.93
Groceries
🥛 Milk, 1 L or 1 qt	$1.84	$0.85
🍞 Bread, 0.5 kg or 1.1 lb	$2.23	$3.52
🍚 Rice, 1 kg or 2.2 lb	$2.33	$4.57
🥚 Eggs, x12	$3.26	$5.21
🧀 Cheese, 1 kg or 2.2 lb	$11.2	$13
🐔 Chicken Breast, 1 kg or 2.2 lb	$6.57	$11.4
🥩 Round Steak, 1 kg or 2.2 lb	$9.64	$14.9
🍏 Apples, 1 kg or 2.2 lb	$3.53	$4.3
🍌 Banana, 1 kg or 2.2 lb	$1.62	$1.77
🍊 Oranges, 1 kg or 2.2 lb	$3.29	$4.21
🍅 Tomato, 1 kg or 2.2 lb	$3.03	$5.33
🥔 Potato, 1 kg or 2.2 lb	$2.46	$2.77
🧅 Onion, 1 kg or 2.2 lb	$3.74	$3.19
🌊 Water, 1 L or 1 qt	$1.16	$1.55
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$2.41	$2.56
🍾 Wine (mid-priced), 750 mL bottle	$11.6	$15.8
🍺 Beer, 0.5 L or 16 fl oz	$1.44	$2.39
🚬 Cigarette pack	$6.04	$10.5
💊 Cold medicince, 1 week	$8.16	$8.19
🧴 Hair Shampoo	$8.03	$5.5
🧻 Toilet paper, 4 rolls	$2.96	$4.81
👄 Toothpaste, 1 tube	$3.04	$2.12
Other
🏋️ Gym Membership, 1 month	$42.8	$41.3
🎫 Cinema Ticket, 1 person	$7.3	$13.4
👩‍⚕️ Doctor's visit	$50.2	$113
💇 Haircut, simple	$14.5	$17.5
👖 Brand Jeans	$53.6	$56.8
👟 Brand Sneakers	$91.3	$102
👶 Daycare or Preschool, 1 month	$503	$1456
🏫 International Primary School, 1 year	$13402	$18987

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	$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

Cities near Phoenix

Distance	City	Cost of living
13 km or 8.1 mi	Glendale	$1961
14 km or 9 mi	Scottsdale	$2471
16 km or 10 mi	Peoria	$2345
17 km or 10 mi	Tempe	$2435
25 km or 15 mi	El Mirage	$2312
26 km or 16 mi	Mesa	$2298
27 km or 17 mi	Avondale	$2359
28 km or 17 mi	Goodyear	$2338
29 km or 18 mi	Surprise	$2353
33 km or 21 mi	Chandler	$2396
33 km or 21 mi	Gilbert	$2381
33 km or 21 mi	Fountain Hills	$2384
51 km or 31 mi	Queen Creek	$3022
51 km or 32 mi	Apache Junction	$2490
51 km or 32 mi	Buckeye	$2324
53 km or 33 mi	Maricopa	$2227
78 km or 48 mi	Casa Grande	$2366
84 km or 52 mi	Florence	$2444
118 km or 73 mi	Prescott	$2316
122 km or 76 mi	Prescott Valley	$2317
155 km or 96 mi	Marana	$2089
160 km or 99 mi	Oro Valley	$2050
165 km or 102 mi	Casas Adobes	$2005
181 km or 112 mi	Tucson	$1930
190 km or 118 mi	Flagstaff	$2589
205 km or 128 mi	Sahuarita	$2059
232 km or 144 mi	Lake Havasu	$1993
234 km or 145 mi	Blythe	$2798
254 km or 158 mi	Yuma	$1764
259 km or 161 mi	Kingman	$1842
264 km or 164 mi	Nogales	$2110
268 km or 166 mi	Nogales	$776
276 km or 171 mi	San Luis	$1919
276 km or 172 mi	San Luis Rio Colorado	$978
278 km or 173 mi	Sierra Vista	$1638
290 km or 180 mi	Bullhead	$1838
313 km or 194 mi	Caborca	$890
327 km or 203 mi	Brawley	$2777
330 km or 205 mi	Mexicali	$1004
332 km or 207 mi	Calexico	$2781