Panama City vs Raleigh - Cost of Living Comparison

Updated: March 01, 2024

	Panama City	Raleigh
🚶 Cost of living one person	$1316	$2757
👨‍👩‍👧‍👦 Cost of living Family	$3171	$6734
🏠 One person rent	$709	$1795
🏘️ Family rent	$1291	$3490
🍽️ Food expenses	$426	$671
🚐 Transport expenses	$78	$103
💳 Monthly salary after tax	$901	$4345
😷 Air quality	Moderate	Good
✈️ Airport proximity	7 km	14 km
🎓 Higher education	42	82
😀 Quality of life	67	87
🏙️ Population	881K	468K

The cost of living in Panama City is 52% less expensive than in Raleigh. Cities ranked 4138th and 304th ($1316 vs $2757) in the list of the most expensive cities in the world and ranked 1st and 266th 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 1.6 months in Raleigh. Panama City ranked 1st best city to live in Panama vs Raleigh ranked 58th in the United States, while ranked 3926th and 235th 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	$11.5	$20.1
🥂 Dinner in a Restaurant, for 2	$51.8	$85
🥪 Fast food meal, equiv. McDonald's	$7.97	$11.5
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$2.6	$6.28
☕ Cappuccino	$4.35	$5.37
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$1.75	$2.85
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$836	$1793
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$520	$1489
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$1703	$3656
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$980	$3034
🔌 Utility Bill one person, electricity, heating, water, etc.	$78.2	$162
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$119	$248
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$47.6	$83.7
🏦 Mortgage Interest Rate for 20 Years	5.97%	6.6%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$2399	$9360
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$1457	$4247
Transportation
🚌 Local transport ticket	$0.35	$2.29
🎟️ Monthly ticket local transport	$25.9	$67.9
🚕 Taxi Ride, 8 km or 5 mi	$12	$14.9
⛽ Gas / Petrol, 1 L or 0.26 gal	$1.06	$0.96
Groceries
🥛 Milk, 1 L or 1 qt	$1.76	$0.97
🍞 Bread, 0.5 kg or 1.1 lb	$2.11	$4.05
🍚 Rice, 1 kg or 2.2 lb	$1.71	$5.73
🥚 Eggs, x12	$2.63	$3.62
🧀 Cheese, 1 kg or 2.2 lb	$11.9	$13.6
🐔 Chicken Breast, 1 kg or 2.2 lb	$7.45	$11.2
🥩 Round Steak, 1 kg or 2.2 lb	$8.87	$17.8
🍏 Apples, 1 kg or 2.2 lb	$2.91	$5.85
🍌 Banana, 1 kg or 2.2 lb	$1.37	$1.55
🍊 Oranges, 1 kg or 2.2 lb	$2.8	$6.01
🍅 Tomato, 1 kg or 2.2 lb	$2.81	$4.74
🥔 Potato, 1 kg or 2.2 lb	$2.1	$2.97
🧅 Onion, 1 kg or 2.2 lb	$2.02	$2.59
🌊 Water, 1 L or 1 qt	$0.98	$1.92
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$2.59	$2.16
🍾 Wine (mid-priced), 750 mL bottle	$9.98	$14.1
🍺 Beer, 0.5 L or 16 fl oz	$1.14	$1.8
🚬 Cigarette pack	$5.88	$7.52
💊 Cold medicince, 1 week	$9.43	$10.5
🧴 Hair Shampoo	$7.05	$3.97
🧻 Toilet paper, 4 rolls	$3.43	$4.24
👄 Toothpaste, 1 tube	$3.7	$2.53
Other
🏋️ Gym Membership, 1 month	$42	$51.2
🎫 Cinema Ticket, 1 person	$6.85	$14
👩‍⚕️ Doctor's visit	$48.6	$159
💇 Haircut, simple	$13.5	$20.9
👖 Brand Jeans	$54.3	$63.6
👟 Brand Sneakers	$86.9	$100
👶 Daycare or Preschool, 1 month	$408	$1470
🏫 International Primary School, 1 year	$9581	$22084

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 Raleigh

Distance	City	Cost of living
12 km or 7.6 mi	Garner	$2334
15 km or 9.1 mi	Cary	$2313
17 km or 10 mi	Morrisville	$1731
21 km or 13 mi	Wake Forest	$2271
21 km or 13 mi	Apex	$2161
25 km or 16 mi	Holly Springs	$2112
28 km or 18 mi	Fuquay-Varina	$2163
30 km or 19 mi	Durham	$2071
38 km or 23 mi	Chapel Hill	$2162
60 km or 37 mi	Henderson	$2159
61 km or 38 mi	Sanford	$2236
65 km or 41 mi	Wilson	$2063
77 km or 48 mi	Rocky Mount	$2031
77 km or 48 mi	Goldsboro	$1787
78 km or 49 mi	Burlington	$2084
87 km or 54 mi	Fayetteville	$2082
106 km or 66 mi	Asheboro	$2084
109 km or 68 mi	Danville	$1947
110 km or 68 mi	Greensboro	$1855
114 km or 71 mi	Roanoke Rapids	$2098
114 km or 71 mi	Kinston	$2053
117 km or 73 mi	Greenville	$2020
123 km or 76 mi	High Point	$2052
129 km or 80 mi	Thomasville	$2056
133 km or 83 mi	Kernersville	$2082
137 km or 85 mi	Lumberton	$2105
141 km or 87 mi	Rockingham	$2139
149 km or 92 mi	Winston-Salem	$2044
163 km or 101 mi	Jacksonville	$2074
165 km or 103 mi	New Bern	$1929
166 km or 103 mi	Salisbury	$2112
182 km or 113 mi	Kannapolis	$2163
182 km or 113 mi	Lynchburg	$2056
183 km or 114 mi	Concord	$2191
189 km or 117 mi	Havelock	$2014
190 km or 118 mi	Wilmington	$2441
191 km or 119 mi	Petersburg	$2229
196 km or 122 mi	Monroe	$2218
196 km or 122 mi	Mint Hill	$2348
198 km or 123 mi	Roanoke	$1857