Panama City vs Raleigh - Cost of Living Comparison

Updated: October 10, 2024

	Panama City	Raleigh
🚶 Cost of living one person	$1384	$2477
👨‍👩‍👧‍👦 Cost of living Family	$3435	$5984
🏠 One person rent	$751	$1542
🏘️ Family rent	$1474	$2792
🍽️ Food expenses	$444	$647
🚐 Transport expenses	$84.4	$98.6
💳 Monthly salary after tax	$914	$4931
😷 Air quality	Good	Good
✈️ Airport proximity	7 km	14 km
🎓 Higher education	42	82
😀 Quality of life	66	89
🏙️ Population	881K	468K

The cost of living in Panama City is 44% less expensive than in Raleigh. Cities ranked 4139th and 806th ($1384 vs $2477) in the list of the most expensive cities in the world and ranked 1st and 719th 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 2 months in Raleigh. Panama City ranked 1st best city to live in Panama vs Raleigh ranked 49th in the United States, while ranked 3919th and 202nd among best cities to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

Cost of living in Panama City vs Raleigh infographic

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Prices in Panama City vs Raleigh

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

	Panama City	Raleigh
Eating Out
🍱 Lunch Menu	$12.3	$18
🥂 Dinner in a Restaurant, for 2	$55.2	$77.6
🥪 Fast food meal, equiv. McDonald's	$7.6	$10.4
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$2.94	$6.03
☕ Cappuccino	$4.25	$5.49
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$1.9	$2.95
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$827	$1570
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$577	$1231
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$1757	$2956
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$1198	$2331
🔌 Utility Bill one person, electricity, heating, water, etc.	$76.7	$166
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$118	$258
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$47.4	$77.4
🏦 Mortgage Interest Rate for 20 Years	6.12%	6.54%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$2406	$7431
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$1535	$3484
Transportation
🚌 Local transport ticket	$0.35	$2.25
🎟️ Monthly ticket local transport	$26.2	$61.2
🚕 Taxi Ride, 8 km or 5 mi	$13.9	$15.1
⛽ Gas / Petrol, 1 L or 0.26 gal	$1.02	$0.88
Groceries
🥛 Milk, 1 L or 1 qt	$1.78	$0.99
🍞 Bread, 0.5 kg or 1.1 lb	$2.12	$4.08
🍚 Rice, 1 kg or 2.2 lb	$2.08	$4.41
🥚 Eggs, x12	$2.67	$3.78
🧀 Cheese, 1 kg or 2.2 lb	$13.2	$12.9
🐔 Chicken Breast, 1 kg or 2.2 lb	$7.23	$11.7
🥩 Round Steak, 1 kg or 2.2 lb	$10.4	$18.6
🍏 Apples, 1 kg or 2.2 lb	$3.11	$5.67
🍌 Banana, 1 kg or 2.2 lb	$1.54	$1.71
🍊 Oranges, 1 kg or 2.2 lb	$3.09	$5.94
🍅 Tomato, 1 kg or 2.2 lb	$2.94	$5.28
🥔 Potato, 1 kg or 2.2 lb	$2.19	$2.67
🧅 Onion, 1 kg or 2.2 lb	$2.5	$2.98
🌊 Water, 1 L or 1 qt	$1	$1.69
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$2.51	$2.39
🍾 Wine (mid-priced), 750 mL bottle	$9.03	$15.1
🍺 Beer, 0.5 L or 16 fl oz	$1.14	$2.76
🚬 Cigarette pack	$5.89	$7.71
💊 Cold medicince, 1 week	$10.5	$10.3
🧴 Hair Shampoo	$6.97	$3.96
🧻 Toilet paper, 4 rolls	$3.12	$4.23
👄 Toothpaste, 1 tube	$3.06	$2.56
Other
🏋️ Gym Membership, 1 month	$43.8	$42.4
🎫 Cinema Ticket, 1 person	$6.71	$14.2
👩‍⚕️ Doctor's visit	$49.1	$158
💇 Haircut, simple	$13.7	$23.2
👖 Brand Jeans	$54.3	$60.2
👟 Brand Sneakers	$90.2	$107
👶 Daycare or Preschool, 1 month	$437	$1530
🏫 International Primary School, 1 year	$9531	$22229

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	$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 Raleigh

Distance	City	Cost of living
12 km or 7.6 mi	Garner	$2278
15 km or 9.1 mi	Cary	$2383
17 km or 10 mi	Morrisville	$1859
21 km or 13 mi	Wake Forest	$2228
21 km or 13 mi	Apex	$2217
25 km or 16 mi	Holly Springs	$2137
28 km or 18 mi	Fuquay-Varina	$2158
30 km or 19 mi	Durham	$2146
38 km or 23 mi	Chapel Hill	$2212
60 km or 37 mi	Henderson	$2141
61 km or 38 mi	Sanford	$2105
65 km or 41 mi	Wilson	$2057
77 km or 48 mi	Rocky Mount	$2043
77 km or 48 mi	Goldsboro	$1697
78 km or 49 mi	Burlington	$2122
87 km or 54 mi	Fayetteville	$2054
106 km or 66 mi	Asheboro	$2110
109 km or 68 mi	Danville	$1791
110 km or 68 mi	Greensboro	$2012
114 km or 71 mi	Roanoke Rapids	$2099
114 km or 71 mi	Kinston	$2060
117 km or 73 mi	Greenville	$2026
123 km or 76 mi	High Point	$2110
129 km or 80 mi	Thomasville	$2094
133 km or 83 mi	Kernersville	$2162
137 km or 85 mi	Lumberton	$2076
141 km or 87 mi	Rockingham	$2105
149 km or 92 mi	Winston-Salem	$1882
163 km or 101 mi	Jacksonville	$1972
165 km or 103 mi	New Bern	$1917
166 km or 103 mi	Salisbury	$2081
182 km or 113 mi	Kannapolis	$2119
182 km or 113 mi	Lynchburg	$1705
183 km or 114 mi	Concord	$2146
189 km or 117 mi	Havelock	$2022
190 km or 118 mi	Wilmington	$2135
191 km or 119 mi	Petersburg	$2299
196 km or 122 mi	Monroe	$2194
196 km or 122 mi	Mint Hill	$2288
198 km or 123 mi	Roanoke	$1753