Panama City vs Port of Spain - Cost of Living Comparison

Updated: March 01, 2024

	Panama City	Port of Spain
🚶 Cost of living one person	$1316	$1218
👨‍👩‍👧‍👦 Cost of living Family	$3171	$3094
🏠 One person rent	$709	$511
🏘️ Family rent	$1291	$1104
🍽️ Food expenses	$426	$494
🚐 Transport expenses	$78	$105
💳 Monthly salary after tax	$901	$850
😷 Air quality	Moderate	Excellent
✈️ Airport proximity	7 km	21 km
🎓 Higher education	42	27
😀 Quality of life	67	54
🏙️ Population	881K	545K

The cost of living in Panama City is 8% more expensive than in Port of Spain. Cities ranked 4138th and 4384th ($1316 vs $1218) in the list of the most expensive cities in the world and ranked 1st and 1st in Panama and Trinidad and Tobago, respectively. Check Panama vs Trinidad and Tobago comparison.

The average after-tax salary is enough to cover living expenses for 0.7 months in Panama City compared to 0.7 months in Port of Spain. Panama City ranked 1st best city to live in Panama vs Port of Spain ranked 1st in Trinidad and Tobago, while ranked 3926th and 6039th among best cities to live in the world.

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Cost of living in Panama City vs Port of Spain infographic

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Prices in Panama City vs Port of Spain

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

	Panama City	Port of Spain
Eating Out
🍱 Lunch Menu	$11.5	$10.2
🥂 Dinner in a Restaurant, for 2	$51.8	$86.8
🥪 Fast food meal, equiv. McDonald's	$7.97	$7.83
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$2.6	$1.78
☕ Cappuccino	$4.35	$3.53
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$1.75	$0.97
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$836	$519
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$520	$363
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$1703	$1173
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$980	$901
🔌 Utility Bill one person, electricity, heating, water, etc.	$78.2	$60.9
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$119	$92.1
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$47.6	$56.5
🏦 Mortgage Interest Rate for 20 Years	5.97%	4.99%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$2399	$4188
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$1457	$1360
Transportation
🚌 Local transport ticket	$0.35	$0.89
🎟️ Monthly ticket local transport	$25.9	$95.6
🚕 Taxi Ride, 8 km or 5 mi	$12	$8.2
⛽ Gas / Petrol, 1 L or 0.26 gal	$1.06	$1.09
Groceries
🥛 Milk, 1 L or 1 qt	$1.76	$2.35
🍞 Bread, 0.5 kg or 1.1 lb	$2.11	$2.44
🍚 Rice, 1 kg or 2.2 lb	$1.71	$2.51
🥚 Eggs, x12	$2.63	$3.96
🧀 Cheese, 1 kg or 2.2 lb	$11.9	$8.18
🐔 Chicken Breast, 1 kg or 2.2 lb	$7.45	$10.3
🥩 Round Steak, 1 kg or 2.2 lb	$8.87	$10.2
🍏 Apples, 1 kg or 2.2 lb	$2.91	$4.55
🍌 Banana, 1 kg or 2.2 lb	$1.37	$2.22
🍊 Oranges, 1 kg or 2.2 lb	$2.8	$3.98
🍅 Tomato, 1 kg or 2.2 lb	$2.81	$5.24
🥔 Potato, 1 kg or 2.2 lb	$2.1	$1.13
🧅 Onion, 1 kg or 2.2 lb	$2.02	$1.47
🌊 Water, 1 L or 1 qt	$0.98	$0.77
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$2.59	$2.19
🍾 Wine (mid-priced), 750 mL bottle	$9.98	$17.6
🍺 Beer, 0.5 L or 16 fl oz	$1.14	$2.1
🚬 Cigarette pack	$5.88	$5.88
💊 Cold medicince, 1 week	$9.43	$6.99
🧴 Hair Shampoo	$7.05	$5.85
🧻 Toilet paper, 4 rolls	$3.43	$2.14
👄 Toothpaste, 1 tube	$3.7	$2.84
Other
🏋️ Gym Membership, 1 month	$42	$50.3
🎫 Cinema Ticket, 1 person	$6.85	$7.99
👩‍⚕️ Doctor's visit	$48.6	$45.1
💇 Haircut, simple	$13.5	$9.62
👖 Brand Jeans	$54.3	$60.2
👟 Brand Sneakers	$86.9	$104
👶 Daycare or Preschool, 1 month	$408	$207
🏫 International Primary School, 1 year	$9581	$2991

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	$1189
16 km or 9.9 mi	Tocumen	$1171
26 km or 16 mi	Pacora	$1182
34 km or 21 mi	La Chorrera	$917
59 km or 37 mi	Colon	$1157
108 km or 67 mi	Penonome	$940
154 km or 96 mi	Chitre	$980
190 km or 118 mi	Santiago de Veraguas	$961
321 km or 199 mi	Turbo	$624
329 km or 204 mi	David	$789
398 km or 247 mi	Monteria	$633
403 km or 250 mi	Limon	$1147
406 km or 252 mi	Santa Cruz de Lorica	$573
452 km or 281 mi	Sincelejo	$536
463 km or 288 mi	Cartagena	$877
483 km or 300 mi	Quibdo	$649
494 km or 307 mi	Cartago	$1009
513 km or 319 mi	San Jose	$1169
518 km or 322 mi	Heredia	$1040
521 km or 324 mi	Magangue	$582
526 km or 327 mi	Bello	$778
529 km or 329 mi	Alajuela	$1163
530 km or 329 mi	Medellin	$867
534 km or 332 mi	Envigado	$812
558 km or 347 mi	Soledad	$851
559 km or 348 mi	Barranquilla	$780
595 km or 370 mi	Puntarenas	$1024
617 km or 383 mi	Cartago	$639
617 km or 383 mi	Cienaga	$661
623 km or 387 mi	Manizales	$727
627 km or 390 mi	Santa Teresa	$1114
627 km or 390 mi	Pereira	$639
631 km or 392 mi	Santa Marta	$705
632 km or 393 mi	Buenaventura	$552
636 km or 395 mi	Minca	$655
651 km or 404 mi	Salento	$567
652 km or 405 mi	Armenia	$551
657 km or 408 mi	Tulua	$493
658 km or 409 mi	Barrancabermeja	$592
675 km or 419 mi	Liberia	$1220

Cities near Port of Spain

Distance	City	Cost of living
7.5 km or 4.7 mi	San Juan	$1217
21 km or 13 mi	Chaguanas	$1053
43 km or 27 mi	San Fernando	$898
103 km or 64 mi	Scarborough	$1099
155 km or 96 mi	St. George's	$1069
162 km or 101 mi	Grenville	$1069
188 km or 117 mi	Tucupita	$748
188 km or 117 mi	Carupano	$710
209 km or 130 mi	Maturin	$838
257 km or 159 mi	Porlamar	$654
259 km or 161 mi	La Asuncion	$666
280 km or 174 mi	Kingstown	$1008
285 km or 177 mi	Ciudad Guayana	$868
291 km or 181 mi	Cumana	$686
294 km or 183 mi	Georgetown	$993
310 km or 193 mi	Upata	$760
340 km or 211 mi	Bridgetown	$1353
343 km or 213 mi	Puerto la Cruz	$732
346 km or 215 mi	Vieux Fort	$1191
346 km or 215 mi	Cantaura	$637
347 km or 216 mi	Holetown	$1294
351 km or 218 mi	Anaco	$608
351 km or 218 mi	Barcelona	$719
352 km or 218 mi	Lecheria	$769
360 km or 224 mi	El Tigre	$700
361 km or 224 mi	Ciudad Bolivar	$824
377 km or 234 mi	Castries	$1108
440 km or 273 mi	Fort-de-France	$1571
442 km or 274 mi	Zaraza	$707
515 km or 320 mi	Roseau	$834
518 km or 322 mi	Valle de la Pascua	$753
540 km or 335 mi	Altagracia de Orituco	$763
546 km or 339 mi	Portsmouth	$1168
549 km or 341 mi	Guarenas	$823
550 km or 341 mi	Guatire	$823
563 km or 350 mi	Santa Teresa del Tuy	$844
565 km or 351 mi	Santa Lucia	$805
567 km or 353 mi	Georgetown	$928
579 km or 360 mi	Ocumare del Tuy	$804
586 km or 364 mi	Charallave	$812