Panama City vs Port of Spain - Cost of Living Comparison

Updated: March 02, 2025

	Panama City	Port of Spain
🚶 Cost of living one person	$1479	$1193
👨‍👩‍👧‍👦 Cost of living Family	$3609	$2981
🏠 One person rent	$846	$555
🏘️ Family rent	$1592	$1122
🍽️ Food expenses	$440	$477
🚐 Transport expenses	$83	$52
💳 Monthly salary after tax	$967	$933
😷 Air quality	Good	Excellent
✈️ Airport proximity	7 km	21 km
🎓 Higher education	42	27
😀 Quality of life	67	51
🏙️ Population	881K	84.1K

The cost of living in Panama City is 24% more expensive than in Port of Spain. Cities ranked 3517th and 4503rd ($1479 vs $1193) 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 0.8 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 3734th and 6190th 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	$10.4	$9.01
🥂 Dinner in a Restaurant, for 2	$48.5	$78.2
🥪 Fast food meal, equiv. McDonald's	$8.06	$7.54
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$2.97	$2.09
☕ Cappuccino	$3.99	$3.83
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$1.66	$0.97
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$891	$669
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$681	$408
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$1749	$1406
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$1344	$902
🔌 Utility Bill one person, electricity, heating, water, etc.	$78	$43.6
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$121	$68.1
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$45.4	$51.3
🏦 Mortgage Interest Rate for 20 Years	6.28%	5.36%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$2551	$4421
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$1632	$1764
Transportation
🚌 Local transport ticket	$0.42	$1.02
🎟️ Monthly ticket local transport	$23.2	$86.6
🚕 Taxi Ride, 8 km or 5 mi	$14.3	$9.69
⛽ Gas / Petrol, 1 L or 0.26 gal	$0.96	$1.02
Groceries
🥛 Milk, 1 L or 1 qt	$1.8	$2.52
🍞 Bread, 0.5 kg or 1.1 lb	$2.19	$2.39
🍚 Rice, 1 kg or 2.2 lb	$2.33	$2.42
🥚 Eggs, x12	$2.77	$4.67
🧀 Cheese, 1 kg or 2.2 lb	$12.4	$9.45
🐔 Chicken Breast, 1 kg or 2.2 lb	$7.09	$9.26
🥩 Round Steak, 1 kg or 2.2 lb	$9.99	$10.4
🍏 Apples, 1 kg or 2.2 lb	$3.44	$4.84
🍌 Banana, 1 kg or 2.2 lb	$1.58	$2.41
🍊 Oranges, 1 kg or 2.2 lb	$2.89	$3.81
🍅 Tomato, 1 kg or 2.2 lb	$2.94	$4.42
🥔 Potato, 1 kg or 2.2 lb	$2.23	$1.36
🧅 Onion, 1 kg or 2.2 lb	$2.8	$1.52
🌊 Water, 1 L or 1 qt	$1.07	$0.88
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$2.31	$1.93
🍾 Wine (mid-priced), 750 mL bottle	$10	$19.2
🍺 Beer, 0.5 L or 16 fl oz	$1.29	$2.05
🚬 Cigarette pack	$5.98	$5.56
💊 Cold medicince, 1 week	$11.7	$6.89
🧴 Hair Shampoo	$7.94	$5.79
🧻 Toilet paper, 4 rolls	$3.37	$2.12
👄 Toothpaste, 1 tube	$3.71	$2.85
Other
🏋️ Gym Membership, 1 month	$45.3	$49.8
🎫 Cinema Ticket, 1 person	$7.22	$8.2
👩‍⚕️ Doctor's visit	$54.5	$45.4
💇 Haircut, simple	$12.9	$9.55
👖 Brand Jeans	$56.8	$54.7
👟 Brand Sneakers	$93.2	$114
👶 Daycare or Preschool, 1 month	$477	$261
🏫 International Primary School, 1 year	$13616	$5597

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 Port of Spain

Distance	City	Cost of living
7.5 km or 4.7 mi	San Juan	$1178
21 km or 13 mi	Chaguanas	$1064
43 km or 27 mi	San Fernando	$953
103 km or 64 mi	Scarborough	$1084
155 km or 96 mi	St. George's	$1062
162 km or 101 mi	Grenville	$1070
188 km or 117 mi	Tucupita	$777
188 km or 117 mi	Carupano	$737
209 km or 130 mi	Maturin	$890
257 km or 159 mi	Porlamar	$684
259 km or 161 mi	La Asuncion	$695
280 km or 174 mi	Kingstown	$1000
285 km or 177 mi	Ciudad Guayana	$890
291 km or 181 mi	Cumana	$716
294 km or 183 mi	Georgetown	$1007
310 km or 193 mi	Upata	$789
340 km or 211 mi	Bridgetown	$1353
343 km or 213 mi	Puerto la Cruz	$791
346 km or 215 mi	Vieux Fort	$1197
346 km or 215 mi	Cantaura	$674
347 km or 216 mi	Holetown	$1418
351 km or 218 mi	Anaco	$639
351 km or 218 mi	Barcelona	$858
352 km or 218 mi	Lecheria	$837
360 km or 224 mi	El Tigre	$746
361 km or 224 mi	Ciudad Bolivar	$880
377 km or 234 mi	Castries	$1161
440 km or 273 mi	Fort-de-France	$1568
442 km or 274 mi	Zaraza	$804
515 km or 320 mi	Roseau	$1015
518 km or 322 mi	Valle de la Pascua	$782
540 km or 335 mi	Altagracia de Orituco	$847
546 km or 339 mi	Portsmouth	$1123
549 km or 341 mi	Guarenas	$918
550 km or 341 mi	Guatire	$917
563 km or 350 mi	Santa Teresa del Tuy	$939
565 km or 351 mi	Santa Lucia	$892
567 km or 353 mi	Georgetown	$1062
579 km or 360 mi	Ocumare del Tuy	$901
586 km or 364 mi	Charallave	$904