Panama City vs Sydney - Cost of Living Comparison

Updated: October 10, 2024

	Panama City	Sydney
🚶 Cost of living one person	$1384	$2801
👨‍👩‍👧‍👦 Cost of living Family	$3435	$6767
🏠 One person rent	$751	$1663
🏘️ Family rent	$1474	$3057
🍽️ Food expenses	$444	$569
🚐 Transport expenses	$84.4	$410
💳 Monthly salary after tax	$914	$4399
😷 Air quality	Good	Excellent
✈️ Airport proximity	7 km	9 km
🎓 Higher education	42	99
😀 Quality of life	66	99
🏙️ Population	881K	4.84M

The cost of living in Panama City is 51% less expensive than in Sydney. Cities ranked 4139th and 312th ($1384 vs $2801) in the list of the most expensive cities in the world and ranked 1st and 1st in Panama and Australia, respectively. Check Panama vs Australia 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 Sydney. Panama City ranked 1st best city to live in Panama vs Sydney ranked 2nd in Australia, while ranked 3919th and 4th among best cities to live in the world.

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the estimated difference in money purchasing power

Cost of living in Panama City vs Sydney infographic

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Prices in Panama City vs Sydney

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

	Panama City	Sydney
Eating Out
🍱 Lunch Menu	$12.3	$15.3
🥂 Dinner in a Restaurant, for 2	$55.2	$70.6
🥪 Fast food meal, equiv. McDonald's	$7.6	$10.3
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$2.94	$7.41
☕ Cappuccino	$4.25	$3.54
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$1.9	$2.66
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$827	$1992
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$577	$1372
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$1757	$4038
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$1198	$2523
🔌 Utility Bill one person, electricity, heating, water, etc.	$76.7	$114
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$118	$177
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$47.4	$53.8
🏦 Mortgage Interest Rate for 20 Years	6.12%	6.38%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$2406	$16279
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$1535	$9905
Transportation
🚌 Local transport ticket	$0.35	$3.46
🎟️ Monthly ticket local transport	$26.2	$143
🚕 Taxi Ride, 8 km or 5 mi	$13.9	$29.6
⛽ Gas / Petrol, 1 L or 0.26 gal	$1.02	$1.4
Groceries
🥛 Milk, 1 L or 1 qt	$1.78	$1.71
🍞 Bread, 0.5 kg or 1.1 lb	$2.12	$2.86
🍚 Rice, 1 kg or 2.2 lb	$2.08	$2.52
🥚 Eggs, x12	$2.67	$4.82
🧀 Cheese, 1 kg or 2.2 lb	$13.2	$12.5
🐔 Chicken Breast, 1 kg or 2.2 lb	$7.23	$8.94
🥩 Round Steak, 1 kg or 2.2 lb	$10.4	$15
🍏 Apples, 1 kg or 2.2 lb	$3.11	$3.42
🍌 Banana, 1 kg or 2.2 lb	$1.54	$2.92
🍊 Oranges, 1 kg or 2.2 lb	$3.09	$3.22
🍅 Tomato, 1 kg or 2.2 lb	$2.94	$4.5
🥔 Potato, 1 kg or 2.2 lb	$2.19	$2.54
🧅 Onion, 1 kg or 2.2 lb	$2.5	$2.32
🌊 Water, 1 L or 1 qt	$1	$0.98
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$2.51	$2.43
🍾 Wine (mid-priced), 750 mL bottle	$9.03	$14.1
🍺 Beer, 0.5 L or 16 fl oz	$1.14	$5.08
🚬 Cigarette pack	$5.89	$29.8
💊 Cold medicince, 1 week	$10.5	$6.92
🧴 Hair Shampoo	$6.97	$5.48
🧻 Toilet paper, 4 rolls	$3.12	$2.83
👄 Toothpaste, 1 tube	$3.06	$2.9
Other
🏋️ Gym Membership, 1 month	$43.8	$58.7
🎫 Cinema Ticket, 1 person	$6.71	$16.9
👩‍⚕️ Doctor's visit	$49.1	$67.7
💇 Haircut, simple	$13.7	$20.8
👖 Brand Jeans	$54.3	$78.9
👟 Brand Sneakers	$90.2	$117
👶 Daycare or Preschool, 1 month	$437	$2054
🏫 International Primary School, 1 year	$9531	$18951

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 Sydney

Distance	City	Cost of living
15 km or 9.2 mi	Dee Why	$2286
19 km or 12 mi	Parramatta	$2472
29 km or 18 mi	Kellyville	$1997
29 km or 18 mi	Blacktown	$1732
69 km or 43 mi	Wollongong	$1532
117 km or 73 mi	Newcastle	$1833
158 km or 98 mi	Bathurst	$1674
168 km or 104 mi	Goulburn	$1748
205 km or 127 mi	Orange	$1500
247 km or 154 mi	Canberra	$2393
301 km or 187 mi	Dubbo	$1815
314 km or 195 mi	Port Macquarie	$1661
377 km or 234 mi	Armidale	$1289
378 km or 235 mi	Wagga Wagga	$1628
436 km or 271 mi	Coffs Harbour	$1913
478 km or 297 mi	Griffith	$1746
597 km or 371 mi	Shepparton	$1717
624 km or 388 mi	Byron Bay	$1958
638 km or 396 mi	Traralgon	$1829
683 km or 425 mi	Gold Coast	$2300
689 km or 428 mi	Southport	$2141
695 km or 432 mi	Pakenham	$1805
701 km or 436 mi	Berwick	$1800
706 km or 439 mi	Bendigo	$1397
706 km or 439 mi	Toowoomba	$1635
707 km or 439 mi	Dandenong	$1876
711 km or 442 mi	Ipswich	$1877
711 km or 442 mi	Cranbourne	$1738
713 km or 443 mi	South Yarra	$1758
713 km or 443 mi	Melbourne	$2397
716 km or 445 mi	Sunbury	$1822
724 km or 450 mi	Frankston	$1799
732 km or 455 mi	Melton	$1795
733 km or 455 mi	Brisbane	$2491
735 km or 457 mi	Tarneit	$1757
736 km or 457 mi	Hoppers Crossing	$1767
775 km or 481 mi	Caboolture	$1925
778 km or 484 mi	Geelong	$1892
779 km or 484 mi	Ballarat	$1357
807 km or 502 mi	Caloundra	$1754