Cost of Living Comparison Between Austin, TX and Panama City, FL Cost of Living Comparison Between Austin, TX and Panama City, FL

Monthly Cost of Living

Monthly costs for one person with rent: $2,659 in Austin, TX versus $2,737 in Panama City, FL.

Estimated couple costs with rent: $4,101 in Austin, TX versus $3,627 in Panama City, FL.

Monthly costs for a family of three with rent: $5,542 in Austin, TX versus $4,517 in Panama City, FL.

Living in Austin, TX costs roughly 3% less than in Panama City, FL, driven mainly by Getting Around.

Both cities are pricier than the global median: Austin, TX 98% above, Panama City, FL 104% above.

Meal at Budget Restaurant

$19.63 $19.63

$18.49 $18.49

6.17%

Three-Course Dinner for Two, Mid-Range

$75.1 $75.1

$54.2 $54.2

38.66%

Fast Food Meal (McDonalds, etc)

$9.92 $9.92

$10.68 $10.68

-7.12%

Cappuccino

$5.67 $5.67

$4.94 $4.94

14.78%

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

$2.77 $2.77

$2.70 $2.70

2.59%

Water (0.33 liter bottle)

$2.17 $2.17

$2.16 $2.16

0.46%

Local Beer (0.5 liter draught)

$5.84 $5.84

$4.87 $4.87

19.92%

Imported Beer (0.33 liter bottle)

$7.77 $7.77

$6.63 $6.63

17.19%

Milk (1 liter)

$1.09 $1.09

$0.94 $0.94

15.96%

White Bread (500g)

$3.41 $3.41

$3.20 $3.20

6.56%

Rice (white) (1kg)

$3.43 $3.43

$2.49 $2.49

37.75%

Eggs

$4.39 $4.39

$3.28 $3.28

33.84%

Local Cheese (1kg)

$11.95 $11.95

$10.54 $10.54

13.38%

Chicken Fillets (1kg)

$10.76 $10.76

$11.49 $11.49

-6.35%

Beef Round Steak (1kg)

$14.29 $14.29

$15.28 $15.28

-6.48%

Apples (1kg)

$4.84 $4.84

$3.44 $3.44

40.70%

Banana (1kg)

$1.55 $1.55

$1.57 $1.57

-1.27%

Oranges (1kg)

$4.46 $4.46

$2.96 $2.96

50.68%

Tomato (1kg)

$3.91 $3.91

$4.13 $4.13

-5.33%

Potato (1kg)

$2.74 $2.74

$3.06 $3.06

-10.46%

Onion (1kg)

$2.74 $2.74

$2.85 $2.85

-3.86%

Lettuce (1 head)

$2.04 $2.04

$2.05 $2.05

-0.49%

Water (1.5 liter bottle)

$2.25 $2.25

$1.99 $1.99

13.07%

Cigarettes 20 Pack (Marlboro, Camel)

$8.93 $8.93

$8.11 $8.11

10.11%

Wine (Bottle)

$14.85 $14.85

$13.63 $13.63

8.95%

Local Beer (0.5 liter bottle)

$2.35 $2.35

$1.75 $1.75

34.29%

Imported Beer (0.33 liter bottle)

$3.57 $3.57

$3.09 $3.09

15.53%

One-way Ticket (Public Transport)

$1.47 $1.47

$1.53 $1.53

-3.92%

Public Transport Monthly Pass (Regular Price)

$42.98 $42.98

$136 $136

-68.50%

Taxi Start (Normal Tariff)

$4.28 $4.28

$2.52 $2.52

69.84%

Taxi (Normal Tariff) (1km)

$1.84 $1.84

$1.57 $1.57

17.20%

Taxi 1hour Waiting (Normal Tariff)

$35.54 $35.54

$25.51 $25.51

39.32%

Gasoline (1 liter)

$0.72 $0.72

$0.82 $0.82

-12.20%

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

$25.7K $25.7K

$22.7K $22.7K

13.36%

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

$26.2K $26.2K

$24.8K $24.8K

5.60%

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

$174 $174

$218 $218

-20.20%

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

$60.2 $60.2

$43.26 $43.26

39.25%

Internet (50+ Mbps, Unlimited Data)

$66.3 $66.3

$65.7 $65.7

0.88%

Gym Membership (Monthly)

$62.8 $62.8

$40.22 $40.22

56.02%

Tennis Court (1 Hour on Weekend)

$9.83 $9.83

Cinema Ticket

$15.24 $15.24

$13.17 $13.17

15.72%

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

$1,387 $1,387

$516 $516

168.95%

International Primary School, 1 Child (Yearly)

$22.2K $22.2K

$8,028 $8,028

175.98%

Jeans (Levis 501 Or Similar)

$56.7 $56.7

$39.63 $39.63

43.15%

Summer Dress (H&M, Zara, etc)

$45.34 $45.34

$42.24 $42.24

7.34%

Sport Shoes (Adidas, Nike)

$86.5 $86.5

$61.0 $61.0

41.81%

Men's Leather Business Shoes

$119 $119

$73.6 $73.6

61.81%

1-bedroom Apartment, City Center (Monthly)

$2,247 $2,247

$1,673 $1,673

34.35%

1-bedroom Apartment, Outside City Center (Monthly)

$1,430 $1,430

$1,512 $1,512

-5.42%

3-bedroom Apartment, City Center (Monthly)

$3,778 $3,778

$2,335 $2,335

61.81%

3-bedroom Apartment, Outside City Center (Monthly)

$2,641 $2,641

$1,761 $1,761

49.97%

Buy Apartment in City Center (m2)

$7,044 $7,044

$3,702 $3,702

90.27%

Buy Apartment Outside City Center (m2)

$3,162 $3,162

$3,630 $3,630

-12.92%

Average Monthly Net Salary (After Tax)

$5,108 $5,108

$4,085 $4,085

25.06%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.45

6.43

0.31%

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

Last update for Austin, TX: May 31, 2026

Last update for Panama City, FL: May 31, 2026

Cost Breakdown

A one-bedroom apartment in the center runs $2,247 in Austin, TX and $1,673 in Panama City, FL. Housing cost is often the main lever when comparing two cities.

Austin, TX pays 25% more on average while also being the cheaper of the two. The combined effect is a noticeably stronger local purchasing power.

Dining out: $75.0 in Austin, TX vs $54.0 in Panama City, FL for a mid-range dinner for two. Groceries echo the gap at $377 vs $348 per month, with Panama City, FL cheaper across the board.

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

Austin, TX vs Panama City, FL: Cost of Living - Frequently Asked Questions

Austin, TX wins on cost – living expenses run 3% lower than in Panama City, FL. Housing and daily spending are where you'll feel the difference most, making Austin, TX the obvious pick if budget is a priority.

Austin, TX pays 25% more on average, 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: $2,247 in Austin, TX versus $1,673 in Panama City, FL. Housing is usually the single largest factor when comparing overall living costs between the two.

All in, you'll spend $2,659 per month in Austin, TX versus $2,737 in Panama City, FL – a 3% gap that adds up to real savings over time for anyone picking the cheaper option.

A monthly transit pass in Austin, TX runs roughly 217% less than in Panama City, FL. Both cities have functional networks, but the price difference matters if you're watching your budget.

Both cities are expensive relative to $2,000. Austin, TX is the more realistic option, but even there you'll need to be disciplined with housing, food, and fun money.

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.

Expats usually find Austin, TX gentler on the wallet – expenses run 3% less than in Panama City, FL. Beyond cost, consider language, visa policies, and how big the international community is in each city.