Panama City vs Port of Spain - Cost of Living Comparison

Updated: October 10, 2024

	Panama City	Port of Spain
🚶 Cost of living one person	$1384	$1168
👨‍👩‍👧‍👦 Cost of living Family	$3435	$2841
🏠 One person rent	$751	$537
🏘️ Family rent	$1474	$1029
🍽️ Food expenses	$444	$471
🚐 Transport expenses	$84.4	$51.7
💳 Monthly salary after tax	$914	$841
😷 Air quality	Good	Excellent
✈️ Airport proximity	7 km	21 km
🎓 Higher education	42	27
😀 Quality of life	66	50
🏙️ Population	881K	81.1K

The cost of living in Panama City is 18% more expensive than in Port of Spain. Cities ranked 4139th and 4682nd ($1384 vs $1168) 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 3919th and 6176th 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	$12.3	$8.72
🥂 Dinner in a Restaurant, for 2	$55.2	$78.9
🥪 Fast food meal, equiv. McDonald's	$7.6	$7.55
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$2.94	$2.08
☕ Cappuccino	$4.25	$4
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$1.9	$1.02
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$827	$606
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$577	$395
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$1757	$1240
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$1198	$817
🔌 Utility Bill one person, electricity, heating, water, etc.	$76.7	$50.9
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$118	$78.4
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$47.4	$49
🏦 Mortgage Interest Rate for 20 Years	6.12%	5.09%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$2406	$4464
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$1535	$1776
Transportation
🚌 Local transport ticket	$0.35	$1.18
🎟️ Monthly ticket local transport	$26.2	$86.1
🚕 Taxi Ride, 8 km or 5 mi	$13.9	$9.42
⛽ Gas / Petrol, 1 L or 0.26 gal	$1.02	$1.02
Groceries
🥛 Milk, 1 L or 1 qt	$1.78	$2.43
🍞 Bread, 0.5 kg or 1.1 lb	$2.12	$2.28
🍚 Rice, 1 kg or 2.2 lb	$2.08	$2.33
🥚 Eggs, x12	$2.67	$4.53
🧀 Cheese, 1 kg or 2.2 lb	$13.2	$9.36
🐔 Chicken Breast, 1 kg or 2.2 lb	$7.23	$8.73
🥩 Round Steak, 1 kg or 2.2 lb	$10.4	$9.97
🍏 Apples, 1 kg or 2.2 lb	$3.11	$4.62
🍌 Banana, 1 kg or 2.2 lb	$1.54	$2.46
🍊 Oranges, 1 kg or 2.2 lb	$3.09	$3.94
🍅 Tomato, 1 kg or 2.2 lb	$2.94	$4.42
🥔 Potato, 1 kg or 2.2 lb	$2.19	$1.38
🧅 Onion, 1 kg or 2.2 lb	$2.5	$1.65
🌊 Water, 1 L or 1 qt	$1	$0.82
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$2.51	$1.92
🍾 Wine (mid-priced), 750 mL bottle	$9.03	$19.3
🍺 Beer, 0.5 L or 16 fl oz	$1.14	$2.1
🚬 Cigarette pack	$5.89	$5.48
💊 Cold medicince, 1 week	$10.5	$7.03
🧴 Hair Shampoo	$6.97	$5.84
🧻 Toilet paper, 4 rolls	$3.12	$2.15
👄 Toothpaste, 1 tube	$3.06	$2.81
Other
🏋️ Gym Membership, 1 month	$43.8	$49.3
🎫 Cinema Ticket, 1 person	$6.71	$8.28
👩‍⚕️ Doctor's visit	$49.1	$45.2
💇 Haircut, simple	$13.7	$9.6
👖 Brand Jeans	$54.3	$58.4
👟 Brand Sneakers	$90.2	$106
👶 Daycare or Preschool, 1 month	$437	$222
🏫 International Primary School, 1 year	$9531	$3731

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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 Port of Spain

Distance	City	Cost of living
7.5 km or 4.7 mi	San Juan	$1164
21 km or 13 mi	Chaguanas	$1070
43 km or 27 mi	San Fernando	$964
103 km or 64 mi	Scarborough	$1101
155 km or 96 mi	St. George's	$1065
162 km or 101 mi	Grenville	$1061
188 km or 117 mi	Tucupita	$770
188 km or 117 mi	Carupano	$719
209 km or 130 mi	Maturin	$871
257 km or 159 mi	Porlamar	$684
259 km or 161 mi	La Asuncion	$692
280 km or 174 mi	Kingstown	$981
285 km or 177 mi	Ciudad Guayana	$892
291 km or 181 mi	Cumana	$691
294 km or 183 mi	Georgetown	$1004
310 km or 193 mi	Upata	$785
340 km or 211 mi	Bridgetown	$1360
343 km or 213 mi	Puerto la Cruz	$771
346 km or 215 mi	Vieux Fort	$1196
346 km or 215 mi	Cantaura	$662
347 km or 216 mi	Holetown	$1390
351 km or 218 mi	Anaco	$627
351 km or 218 mi	Barcelona	$704
352 km or 218 mi	Lecheria	$821
360 km or 224 mi	El Tigre	$731
361 km or 224 mi	Ciudad Bolivar	$870
377 km or 234 mi	Castries	$1159
440 km or 273 mi	Fort-de-France	$1665
442 km or 274 mi	Zaraza	$783
515 km or 320 mi	Roseau	$1003
518 km or 322 mi	Valle de la Pascua	$752
540 km or 335 mi	Altagracia de Orituco	$787
546 km or 339 mi	Portsmouth	$1138
549 km or 341 mi	Guarenas	$896
550 km or 341 mi	Guatire	$892
563 km or 350 mi	Santa Teresa del Tuy	$910
565 km or 351 mi	Santa Lucia	$865
567 km or 353 mi	Georgetown	$986
579 km or 360 mi	Ocumare del Tuy	$871
586 km or 364 mi	Charallave	$877