Last update: Nov 2026

Cost of Living Comparison Between Alamogordo, NM and Panama City

For one person, living costs are similar in Alamogordo, NM and in Panama City: $1,992 and $1,972 a month, rent and utilities included.

95

Cost of Living Index in Alamogordo, NM
Learn more

Alamogordo, NM Living Index
95

Cost of Living Index in Panama City
Learn more

Panama City Living Index

Jump to prices

Alamogordo, NM

🇺🇸 United States

$1,992

/mo nomad

Panama City

🇵🇦 Panama

$1,972

/mo nomad

Monthly Cost of Living

How much you'll spend in Alamogordo, NM and in Panama City

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Alamogordo, NM and in Panama City actually costs, broken down by who's living it.

Monthly costs for one person with rent: $1,992 in Alamogordo, NM versus $1,972 in Panama City.

Alamogordo, NM $1,992
Panama City $1,972

Estimated couple costs with rent: $3,022 in Alamogordo, NM versus $2,930 in Panama City.

Alamogordo, NM $3,022
Panama City $2,930

Monthly costs for a family of three with rent: $4,051 in Alamogordo, NM versus $3,888 in Panama City.

Alamogordo, NM $4,051
Panama City $3,888

Monthly costs are close between Alamogordo, NM and Panama City; which city is cheaper depends on the spending category.

Both cities are pricier than the global median: Alamogordo, NM 47% above, Panama City 46% above.

Meal at Budget Restaurant

$17.07 $17.07

$11.37 PAB 11.37

50.13%

Three-Course Dinner for Two, Mid-Range

$73.6 $73.6

$46.69 PAB 46.69

57.57%

Fast Food Meal (McDonalds, etc)

$8.85 $8.85

$7.98 PAB 7.98

10.90%

Cappuccino

$5.52 $5.52

$4.12 PAB 4.12

33.98%

Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)

$2.92 $2.92

$2.01 PAB 2.01

45.27%

Water (0.33 liter bottle)

$1.95 $1.95

$1.57 PAB 1.57

24.20%

Local Beer (0.5 liter draught)

$5.03 $5.03

$3.28 PAB 3.28

53.35%

Imported Beer (0.33 liter bottle)

$4.89 $4.89

$3.88 PAB 3.88

26.03%

Milk (1 liter)

$1.17 $1.17

$1.82 PAB 1.82

-35.71%

White Bread (500g)

$4.26 $4.26

$2.61 PAB 2.61

63.22%

Rice (white) (1kg)

$5.55 $5.55

$3.45 PAB 3.45

60.87%

Eggs

$4.16 $4.16

$2.68 PAB 2.68

55.22%

Local Cheese (1kg)

$16.29 $16.29

$12.42 PAB 12.42

31.16%

Chicken Fillets (1kg)

$20.70 $20.70

$6.73 PAB 6.73

207.58%

Beef Round Steak (1kg)

$16.55 $16.55

$10.44 PAB 10.44

58.52%

Apples (1kg)

$6.02 $6.02

$4.21 PAB 4.21

42.99%

Banana (1kg)

$1.76 $1.76

$1.95 PAB 1.95

-9.74%

Oranges (1kg)

$3.76 $3.76

$4.07 PAB 4.07

-7.62%

Tomato (1kg)

$4.28 $4.28

$4.02 PAB 4.02

6.47%

Potato (1kg)

$8.87 $8.87

$3.46 PAB 3.46

156.36%

Onion (1kg)

$2.05 $2.05

$4.42 PAB 4.42

-53.62%

Lettuce (1 head)

$2.49 $2.49

$2.43 PAB 2.43

2.47%

Water (1.5 liter bottle)

$2.43 $2.43

$1.72 PAB 1.72

41.28%

Cigarettes 20 Pack (Marlboro, Camel)

$10.84 $10.84

$6.04 PAB 6.04

79.47%

Wine (Bottle)

$16.15 $16.15

$11.68 PAB 11.68

38.27%

Local Beer (0.5 liter bottle)

$2.05 $2.05

$1.41 PAB 1.41

45.39%

Imported Beer (0.33 liter bottle)

$4.21 $4.21

$2.74 PAB 2.74

53.65%

One-way Ticket (Public Transport)

$1.03 $1.03

$0.33 PAB 0.33

212.12%

Public Transport Monthly Pass (Regular Price)

$20.65 PAB 20.65

Taxi Start (Normal Tariff)

$3.58 $3.58

$2.45 PAB 2.45

46.12%

Taxi (Normal Tariff) (1km)

$2.40 $2.40

$1.76 PAB 1.76

36.36%

Taxi 1hour Waiting (Normal Tariff)

$34.54 $34.54

$21.86 PAB 21.86

58.01%

Gasoline (1 liter)

$1.04 $1.04

$1.20 PAB 1.20

-13.33%

Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)

$26.4K $26.4K

$24.6K PAB 24.6K

7.36%

Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)

$25.9K $25.9K

$20.9K PAB 20.9K

23.78%

Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)

$134 $134

$132 PAB 132

1.84%

SIM Card Monthly Plan (Calls and 10GB+ Data)

$44.13 $44.13

$27.89 PAB 27.89

58.23%

Internet (50+ Mbps, Unlimited Data)

$67.9 $67.9

$49.10 PAB 49.10

38.25%

Gym Membership (Monthly)

$44.53 PAB 44.53

Tennis Court (1 Hour on Weekend)

$21.57 $21.57

$34.01 PAB 34.01

-36.58%

Cinema Ticket

$11.15 $11.15

$8.70 PAB 8.70

28.16%

Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)

$1,362 $1,362

$537 PAB 537

153.67%

International Primary School, 1 Child (Yearly)

$22.8K $22.8K

$20.5K PAB 20.5K

11.32%

Jeans (Levis 501 Or Similar)

$61.2 $61.2

$65.8 PAB 65.8

-6.95%

Summer Dress (H&M, Zara, etc)

$56.6 $56.6

$48.45 PAB 48.45

16.76%

Sport Shoes (Adidas, Nike)

$79.3 $79.3

$95.4 PAB 95.4

-16.89%

Men's Leather Business Shoes

$114 PAB 114

1-bedroom Apartment, City Center (Monthly)

$1,030 $1,030

$1,405 PAB 1,405

-26.68%

1-bedroom Apartment, Outside City Center (Monthly)

$839 $839

$994 PAB 994

-15.64%

3-bedroom Apartment, City Center (Monthly)

$1,603 $1,603

$2,221 PAB 2,221

-27.85%

3-bedroom Apartment, Outside City Center (Monthly)

$1,388 $1,388

$1,714 PAB 1,714

-18.99%

Buy Apartment in City Center (m2)

$1,922 $1,922

$3,139 PAB 3,139

-38.77%

Buy Apartment Outside City Center (m2)

$1,889 $1,889

$1,724 PAB 1,724

9.59%

Average Monthly Net Salary (After Tax)

$2,769 $2,769

$936 PAB 936

195.89%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.39

-6.10%

CityCost data is based on AI and user input – minor inaccuracies may occur.

Last update for Alamogordo, NM: November 2, 2026

Last update for Panama City: November 3, 2026

Monthly budget structure

Share of the monthly basket for one person, rent included.

Accommodation & Living

Alamogordo, NM

$839 42.1%

Panama City

$994 50.4% 18.5% $155

Groceries & Markets

Alamogordo, NM

$493 24.8%

Panama City

$326 16.5% 34% $168

Eating Out

Alamogordo, NM

$284 14.2%

Panama City

$203 10.3% 28.5% $81

Monthly Utilities & Internet

Alamogordo, NM

$246 12.4%

Panama City

$209 10.6% 15.2% $37

Clothing & Footwear

Alamogordo, NM

$89 * 4.5%

Panama City

$145 7.4% 64% $57

Sport & Entertainment

Alamogordo, NM

$22 * 1.1%

Panama City

$62 3.1% 178% $40

Getting Around

Alamogordo, NM

$20 * 1%

Panama City

$33 1.7% 68.9% $14

Categories marked with * are only partly priced – their share counts the items that do have prices.

Cost Breakdown

A one-bedroom apartment in the center runs $1,030 in Alamogordo, NM and $1,405 in Panama City. Housing cost is often the main lever when comparing two cities.

Alamogordo, NM pays about 3 times more on average. How far that income stretches comes down to housing choices and lifestyle.

Dining out: $74 in Alamogordo, NM vs $47 in Panama City for a mid-range dinner for two. Groceries echo the gap at $493 vs $326 per month, with Panama City cheaper across the board.

Good to know

🇺🇸 Alamogordo, NM

🇵🇦 Panama City

🕒 Local time

17:47 5:47 PM

19:47 7:47 PM

2 h ahead of Alamogordo, NM

🌤 Weather

👥 Population

31,384

1,086,990 Capital

💱 Currency

United States Dollar USD $

Panamanian Balboa PAB B/.

📈 Exchange rate

1 USD = 0.895 EUR

1 PAB = 1 USD

1 PAB = 0.895 EUR

Exchange rates and currency converter

PAB, EUR to USD – United States Dollar Converter

🇵🇦 Panamanian Balboa (B/.)

🇺🇸 United States Dollar ($)

United States Dollar exchange rates as of November 7, 2026: 1 EUR = 1.12 USD (1 USD = 0.895 EUR).

Panamanian Balboa exchange rates as of November 7, 2026: 1 USD = 1 PAB (1 PAB = 1 USD). 1 EUR = 1.12 PAB (1 PAB = 0.895 EUR).

PAB to USD in detail →

On the map

Lowest

Highest

Between locations

Alamogordo, NM Panama City 3,800 km ≈ 5 h nonstop flight

From you

Alamogordo, NM
Panama City

Distances are measured in a straight line. Your location is detected approximately.

City Median Internet Speeds Comparison (Updated April 2026)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

Alamogordo, NM vs Panama City: Cost of Living - Frequently Asked Questions

Average pay in Alamogordo, NM is about 3 times higher, which matters when comparing affordability. Whether that higher income actually nets you more depends on your spending habits and housing choices.

Rent for a central apartment: $1,030 in Alamogordo, NM versus $1,405 in Panama City. Housing is usually the single largest factor when comparing overall living costs between the two.

Childcare runs $1,362 in Alamogordo, NM versus $537 in Panama City. Over years of preschool, even a modest monthly gap compounds into a major financial factor for families.

Supermarket bills run roughly 51% higher in Alamogordo, NM. For households that cook at home regularly, that difference adds up over a month.

Either city works on $2,500 a month, though Panama City gives you more room to save. At this income level, the choice is more about lifestyle than financial pressure.

Both cities offer a good standard of living with different trade-offs. Neither is objectively better – the right pick depends on what matters most: affordability, career, cultural scene, or climate.

It comes down to priorities – Panama City wins on affordability, Alamogordo, NM on earning potential. Factor in climate, language, visa rules, and proximity to places that matter to you before deciding.