Panama City vs Sydney - Cost of Living Comparison

Updated: March 02, 2025

	Panama City	Sydney
🚶 Cost of living one person	$1479	$2539
👨‍👩‍👧‍👦 Cost of living Family	$3609	$6160
🏠 One person rent	$846	$1496
🏘️ Family rent	$1592	$2729
🍽️ Food expenses	$440	$522
🚐 Transport expenses	$83	$374
💳 Monthly salary after tax	$967	$4315
😷 Air quality	Good	Excellent
✈️ Airport proximity	7 km	9 km
🎓 Higher education	42	100
😀 Quality of life	67	100
🏙️ Population	881K	4.84M

The cost of living in Panama City is 42% less expensive than in Sydney. Cities ranked 3517th and 745th ($1479 vs $2539) 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 1.7 months in Sydney. Panama City ranked 1st best city to live in Panama vs Sydney ranked 2nd in Australia, while ranked 3734th and 2nd 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 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	$10.4	$13.7
🥂 Dinner in a Restaurant, for 2	$48.5	$66
🥪 Fast food meal, equiv. McDonald's	$8.06	$9.73
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$2.97	$7.29
☕ Cappuccino	$3.99	$3.32
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$1.66	$2.55
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$891	$1823
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$681	$1225
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$1749	$3607
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$1344	$2246
🔌 Utility Bill one person, electricity, heating, water, etc.	$78	$106
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$121	$165
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$45.4	$45.3
🏦 Mortgage Interest Rate for 20 Years	6.28%	6.4%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$2551	$13272
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$1632	$7795
Transportation
🚌 Local transport ticket	$0.42	$3.19
🎟️ Monthly ticket local transport	$23.2	$133
🚕 Taxi Ride, 8 km or 5 mi	$14.3	$26.6
⛽ Gas / Petrol, 1 L or 0.26 gal	$0.96	$1.25
Groceries
🥛 Milk, 1 L or 1 qt	$1.8	$1.55
🍞 Bread, 0.5 kg or 1.1 lb	$2.19	$2.26
🍚 Rice, 1 kg or 2.2 lb	$2.33	$2.06
🥚 Eggs, x12	$2.77	$4.76
🧀 Cheese, 1 kg or 2.2 lb	$12.4	$10.8
🐔 Chicken Breast, 1 kg or 2.2 lb	$7.09	$8.32
🥩 Round Steak, 1 kg or 2.2 lb	$9.99	$13
🍏 Apples, 1 kg or 2.2 lb	$3.44	$3.11
🍌 Banana, 1 kg or 2.2 lb	$1.58	$2.65
🍊 Oranges, 1 kg or 2.2 lb	$2.89	$3.13
🍅 Tomato, 1 kg or 2.2 lb	$2.94	$3.84
🥔 Potato, 1 kg or 2.2 lb	$2.23	$2.34
🧅 Onion, 1 kg or 2.2 lb	$2.8	$2.24
🌊 Water, 1 L or 1 qt	$1.07	$0.87
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$2.31	$2.41
🍾 Wine (mid-priced), 750 mL bottle	$10	$13.7
🍺 Beer, 0.5 L or 16 fl oz	$1.29	$4.35
🚬 Cigarette pack	$5.98	$28.2
💊 Cold medicince, 1 week	$11.7	$6.73
🧴 Hair Shampoo	$7.94	$5.01
🧻 Toilet paper, 4 rolls	$3.37	$2.66
👄 Toothpaste, 1 tube	$3.71	$2.67
Other
🏋️ Gym Membership, 1 month	$45.3	$55.7
🎫 Cinema Ticket, 1 person	$7.22	$15.1
👩‍⚕️ Doctor's visit	$54.5	$58.7
💇 Haircut, simple	$12.9	$20.1
👖 Brand Jeans	$56.8	$80.3
👟 Brand Sneakers	$93.2	$108
👶 Daycare or Preschool, 1 month	$477	$1992
🏫 International Primary School, 1 year	$13616	$17957

Cost of living in other countries

Cost of living

$349

$907

$6.64K

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 Sydney

Distance	City	Cost of living
15 km or 9.2 mi	Dee Why	$2099
19 km or 12 mi	Parramatta	$2252
29 km or 18 mi	Kellyville	$1824
29 km or 18 mi	Blacktown	$1584
69 km or 43 mi	Wollongong	$1416
117 km or 73 mi	Newcastle	$1448
158 km or 98 mi	Bathurst	$1538
168 km or 104 mi	Goulburn	$1616
205 km or 127 mi	Orange	$1511
247 km or 154 mi	Canberra	$2023
301 km or 187 mi	Dubbo	$1702
314 km or 195 mi	Port Macquarie	$1681
377 km or 234 mi	Armidale	$1185
378 km or 235 mi	Wagga Wagga	$1457
436 km or 271 mi	Coffs Harbour	$1963
478 km or 297 mi	Griffith	$1619
597 km or 371 mi	Shepparton	$1601
624 km or 388 mi	Byron Bay	$1781
638 km or 396 mi	Traralgon	$1727
683 km or 425 mi	Gold Coast	$2239
689 km or 428 mi	Southport	$2067
695 km or 432 mi	Pakenham	$1654
701 km or 436 mi	Berwick	$1643
706 km or 439 mi	Bendigo	$1291
706 km or 439 mi	Toowoomba	$1504
707 km or 439 mi	Dandenong	$1645
711 km or 442 mi	Ipswich	$1677
711 km or 442 mi	Cranbourne	$1600
713 km or 443 mi	South Yarra	$1620
713 km or 443 mi	Melbourne	$2194
716 km or 445 mi	Sunbury	$1691
724 km or 450 mi	Frankston	$1671
732 km or 455 mi	Melton	$1669
733 km or 455 mi	Brisbane	$2016
735 km or 457 mi	Tarneit	$1625
736 km or 457 mi	Hoppers Crossing	$1635
775 km or 481 mi	Caboolture	$1748
778 km or 484 mi	Geelong	$1981
779 km or 484 mi	Ballarat	$1390
807 km or 502 mi	Caloundra	$1683