Panama City vs Sydney - Cost of Living Comparison

Updated: March 11, 2026

	Panama City	Sydney
🚶 Cost of living one person	$1583	$2844
👨‍👩‍👧‍👦 Cost of living Family	$3567	$6700
🏠 One person rent	$976	$1749
🏘️ Family rent	$1633	$3002
🍽️ Food expenses	$432	$597
🚐 Transport expenses	$69.1	$337
💳 Monthly salary after tax	$936	$4145
😷 Air quality	Excellent	Excellent
✈️ Airport proximity	7 km	9 km
🎓 Higher education	42	99
😀 Quality of life	69	98
🏙️ Population	410K	5.45M

The cost of living in Panama City is 44% less expensive than in Sydney. Cities ranked 3744th and 348th ($1583 vs $2844) 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 0.6 months in Panama City compared to 1.5 months in Sydney. Panama City ranked 1st best city to live in Panama vs Sydney ranked 2nd in Australia, while ranked 4400th and 2nd among best cities to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

Share this infographic!

Use the link below to embed the infographic from our site and automatically keep the data layer up to date.

If you prefer to download the image, please credit us as a source.

<img src="https://livingcost.org/assets/photo/cost/panama-city/sydney.jpg" alt="Cost of living in Panama City vs Sydney infographic" style="max-width: 100%; height: auto;"><p>Source: <a href="https://livingcost.org/cost/panama-city/sydney" target="_blank">Panama City vs Sydney - Cost of Living Comparison</a></p>

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	$10.6	$15.8
🥂 Dinner in a Restaurant, for 2	$45.3	$79.7
🥪 Fast food meal, equiv. McDonald's	$7.39	$11.2
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$2.97	$7.36
☕ Cappuccino	$3.94	$3.85
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$1.71	$2.82
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$1062	$2123
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$794	$1437
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$1911	$3835
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$1347	$2492
🔌 Utility Bill one person, electricity, heating, water, etc.	$82.5	$123
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$128	$190
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$45.4	$51.6
🏦 Mortgage Interest Rate for 20 Years	6.26%	6.09%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$3048	$13218
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$1725	$7866
Transportation
🚌 Local transport ticket	$0.35	$3.77
🎟️ Monthly ticket local transport	$22.2	$118
🚕 Taxi Ride, 8 km or 5 mi	$17.4	$20.6
⛽ Gas / Petrol, 1 L or 0.26 gal	$0.93	$1.37
Groceries
🥛 Milk, 1 L or 1 qt	$1.84	$1.84
🍞 Bread, 0.5 kg or 1.1 lb	$2.23	$2.46
🍚 Rice, 1 kg or 2.2 lb	$2.33	$2.13
🥚 Eggs, x12	$3.26	$5.78
🧀 Cheese, 1 kg or 2.2 lb	$11.2	$13.9
🐔 Chicken Breast, 1 kg or 2.2 lb	$6.57	$9.78
🥩 Round Steak, 1 kg or 2.2 lb	$9.64	$15.8
🍏 Apples, 1 kg or 2.2 lb	$3.53	$3.56
🍌 Banana, 1 kg or 2.2 lb	$1.62	$3.1
🍊 Oranges, 1 kg or 2.2 lb	$3.29	$3.24
🍅 Tomato, 1 kg or 2.2 lb	$3.03	$4.66
🥔 Potato, 1 kg or 2.2 lb	$2.46	$2.86
🧅 Onion, 1 kg or 2.2 lb	$3.74	$2.53
🌊 Water, 1 L or 1 qt	$1.16	$0.82
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$2.41	$2.8
🍾 Wine (mid-priced), 750 mL bottle	$11.6	$15.8
🍺 Beer, 0.5 L or 16 fl oz	$1.44	$4.69
🚬 Cigarette pack	$6.04	$24.9
💊 Cold medicince, 1 week	$8.16	$9.5
🧴 Hair Shampoo	$8.03	$4.93
🧻 Toilet paper, 4 rolls	$2.96	$3.1
👄 Toothpaste, 1 tube	$3.04	$3.03
Other
🏋️ Gym Membership, 1 month	$42.8	$63.4
🎫 Cinema Ticket, 1 person	$7.3	$16.6
👩‍⚕️ Doctor's visit	$50.2	$70.3
💇 Haircut, simple	$14.5	$21.7
👖 Brand Jeans	$53.6	$80.9
👟 Brand Sneakers	$91.3	$111
👶 Daycare or Preschool, 1 month	$503	$2281
🏫 International Primary School, 1 year	$13402	$21946

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	$1425
16 km or 9.9 mi	Tocumen	$1403
26 km or 16 mi	Pacora	$1395
34 km or 21 mi	La Chorrera	$977
59 km or 37 mi	Colon	$1179
108 km or 67 mi	Penonome	$1153
154 km or 96 mi	Chitre	$1154
190 km or 118 mi	Santiago de Veraguas	$1122
321 km or 199 mi	Turbo	$764
329 km or 204 mi	David	$922
398 km or 247 mi	Monteria	$703
403 km or 250 mi	Limon	$1332
406 km or 252 mi	Santa Cruz de Lorica	$764
452 km or 281 mi	Sincelejo	$572
463 km or 288 mi	Cartagena	$1155
483 km or 300 mi	Quibdo	$757
494 km or 307 mi	Cartago	$1290
513 km or 319 mi	San Jose	$1454
518 km or 322 mi	Heredia	$1378
521 km or 324 mi	Magangue	$707
526 km or 327 mi	Bello	$915
529 km or 329 mi	Alajuela	$1323
530 km or 329 mi	Medellin	$1071
534 km or 332 mi	Envigado	$992
558 km or 347 mi	Soledad	$950
559 km or 348 mi	Barranquilla	$909
595 km or 370 mi	Puntarenas	$825
617 km or 383 mi	Cartago	$738
617 km or 383 mi	Cienaga	$874
623 km or 387 mi	Manizales	$717
627 km or 390 mi	Santa Teresa	$1273
627 km or 390 mi	Pereira	$789
631 km or 392 mi	Santa Marta	$971
632 km or 393 mi	Buenaventura	$825
636 km or 395 mi	Minca	$887
651 km or 404 mi	Salento	$709
652 km or 405 mi	Armenia	$719
657 km or 408 mi	Tulua	$537
658 km or 409 mi	Barrancabermeja	$1040
675 km or 419 mi	Liberia	$957

Cities near Sydney

Distance	City	Cost of living
15 km or 9.2 mi	Dee Why	$2379
19 km or 12 mi	Parramatta	$2482
29 km or 18 mi	Kellyville	$2050
29 km or 18 mi	Blacktown	$1710
69 km or 43 mi	Wollongong	$1695
117 km or 73 mi	Newcastle	$1997
158 km or 98 mi	Bathurst	$1699
168 km or 104 mi	Goulburn	$1821
205 km or 127 mi	Orange	$1477
247 km or 154 mi	Canberra	$2223
301 km or 187 mi	Dubbo	$1867
314 km or 195 mi	Port Macquarie	$1796
377 km or 234 mi	Armidale	$1288
378 km or 235 mi	Wagga Wagga	$1583
436 km or 271 mi	Coffs Harbour	$2172
478 km or 297 mi	Griffith	$1824
597 km or 371 mi	Shepparton	$1815
624 km or 388 mi	Byron Bay	$2703
638 km or 396 mi	Traralgon	$1979
683 km or 425 mi	Gold Coast	$2528
689 km or 428 mi	Southport	$2352
695 km or 432 mi	Pakenham	$1896
701 km or 436 mi	Berwick	$1860
706 km or 439 mi	Bendigo	$1487
706 km or 439 mi	Toowoomba	$1766
707 km or 439 mi	Dandenong	$1894
711 km or 442 mi	Ipswich	$1813
711 km or 442 mi	Cranbourne	$1798
713 km or 443 mi	South Yarra	$1829
713 km or 443 mi	Melbourne	$2496
716 km or 445 mi	Sunbury	$1928
724 km or 450 mi	Frankston	$1889
732 km or 455 mi	Melton	$1906
733 km or 455 mi	Brisbane	$2269
735 km or 457 mi	Tarneit	$1822
736 km or 457 mi	Hoppers Crossing	$1854
775 km or 481 mi	Caboolture	$1988
778 km or 484 mi	Geelong	$2217
779 km or 484 mi	Ballarat	$1604
807 km or 502 mi	Caloundra	$1864