Last update: Oct 2026
Cost of Living Comparison Between Bermuda and Panama City
For one person, living is cheaper in Panama City: $1,837 a month against $5,272 in Bermuda, rent and utilities included – about $41,200 less a year. Rent and utilities account for most of the difference.
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😐 Solo nomad: Bermuda is 172.7% more expensive than Panama City without rent, and 186.9% more expensive with rent.
😐 Family of 3: Bermuda is 171.7% more expensive than Panama City without rent, and 232.6% more expensive with rent.
🍽 Eating Out
Bermuda
Panama City
Difference
Meal at Budget Restaurant
$55.1 BMD 55.1
$11.34 PAB 11.34
386.07%
Three-Course Dinner for Two, Mid-Range
$151 BMD 151
$47.85 PAB 47.85
216.55%
Fast Food Meal (McDonalds, etc)
$17.67 BMD 17.67
$8.07 PAB 8.07
118.96%
Cappuccino
$6.68 BMD 6.68
$4.02 PAB 4.02
66.17%
Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)
$3.35 BMD 3.35
$1.94 PAB 1.94
72.68%
Water (0.33 liter bottle)
$3.31 BMD 3.31
$1.62 PAB 1.62
104.32%
Local Beer (0.5 liter draught)
$7.87 BMD 7.87
$3.26 PAB 3.26
141.41%
Imported Beer (0.33 liter bottle)
$8.78 BMD 8.78
$3.99 PAB 3.99
120.05%
🛒 Groceries & Markets
Bermuda
Panama City
Difference
Milk (1 liter)
$5.02 BMD 5.02
$1.83 PAB 1.83
174.32%
White Bread (500g)
$8.24 BMD 8.24
$2.57 PAB 2.57
220.62%
Rice (white) (1kg)
$5.27 BMD 5.27
$3.33 PAB 3.33
58.26%
Eggs
$7.64 BMD 7.64
$2.69 PAB 2.69
184.01%
Local Cheese (1kg)
$18.30 BMD 18.30
$12.33 PAB 12.33
48.42%
Chicken Fillets (1kg)
$21.89 BMD 21.89
$6.69 PAB 6.69
227.20%
Beef Round Steak (1kg)
$24.22 BMD 24.22
$10.40 PAB 10.40
132.88%
Apples (1kg)
$12.33 BMD 12.33
$4.16 PAB 4.16
196.39%
Banana (1kg)
$7.51 BMD 7.51
$1.84 PAB 1.84
308.15%
Oranges (1kg)
$9.42 BMD 9.42
$4.18 PAB 4.18
125.36%
Tomato (1kg)
$10.70 BMD 10.70
$4.08 PAB 4.08
162.25%
Potato (1kg)
$7.68 BMD 7.68
$3.50 PAB 3.50
119.43%
Onion (1kg)
$8.01 BMD 8.01
$4.37 PAB 4.37
83.30%
Lettuce (1 head)
$6.28 BMD 6.28
$2.34 PAB 2.34
168.38%
Water (1.5 liter bottle)
$4.53 BMD 4.53
$1.75 PAB 1.75
158.86%
Cigarettes 20 Pack (Marlboro, Camel)
$18.95 BMD 18.95
$6.06 PAB 6.06
212.71%
Wine (Bottle)
$24.92 BMD 24.92
$11.72 PAB 11.72
112.63%
Local Beer (0.5 liter bottle)
$7.29 BMD 7.29
$1.37 PAB 1.37
432.12%
Imported Beer (0.33 liter bottle)
$4.30 BMD 4.30
$2.84 PAB 2.84
51.41%
🚌 Getting Around
Bermuda
Panama City
Difference
One-way Ticket (Public Transport)
$5.14 BMD 5.14
$0.36 PAB 0.36
1327.78%
Public Transport Monthly Pass (Regular Price)
$70.1 BMD 70.1
$20.96 PAB 20.96
234.30%
Taxi Start (Normal Tariff)
$6.66 BMD 6.66
$2.52 PAB 2.52
164.29%
Taxi (Normal Tariff) (1km)
$2.52 BMD 2.52
$1.79 PAB 1.79
40.78%
Taxi 1hour Waiting (Normal Tariff)
$70.1 BMD 70.1
$22.01 PAB 22.01
218.58%
Gasoline (1 liter)
$2.16 BMD 2.16
$1.25 PAB 1.25
72.80%
Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)
$35.1K BMD 35.1K
$21.5K PAB 21.5K
63.05%
Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)
$40.8K BMD 40.8K
$21.2K PAB 21.2K
92.38%
🧾 Monthly Utilities & Internet
Bermuda
Panama City
Difference
Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)
$289 BMD 289
$131 PAB 131
120.51%
SIM Card Monthly Plan (Calls and 10GB+ Data)
$157 BMD 157
$27.68 PAB 27.68
465.82%
Internet (50+ Mbps, Unlimited Data)
$161 BMD 161
$48.59 PAB 48.59
230.48%
🎉 Sport & Entertainment
Bermuda
Panama City
Difference
Gym Membership (Monthly)
$189 BMD 189
$46.11 PAB 46.11
309.35%
Tennis Court (1 Hour on Weekend)
$15.08 BMD 15.08
$35.01 PAB 35.01
-56.93%
Cinema Ticket
$13.29 BMD 13.29
$8.73 PAB 8.73
52.23%
🧸 Childcare & Education
Bermuda
Panama City
Difference
Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)
$1,315 BMD 1,315
$551 PAB 551
138.83%
International Primary School, 1 Child (Yearly)
$24.6K BMD 24.6K
$9,560 PAB 9,560
156.95%
👕👟 Clothing & Footwear
Bermuda
Panama City
Difference
Jeans (Levis 501 Or Similar)
$89.0 BMD 89.0
$67.6 PAB 67.6
31.64%
Summer Dress (H&M, Zara, etc)
$69.5 BMD 69.5
$48.03 PAB 48.03
44.70%
Sport Shoes (Adidas, Nike)
$144 BMD 144
$94.9 PAB 94.9
51.39%
Men's Leather Business Shoes
$128 BMD 128
$113 PAB 113
13.35%
🏠 Accommodation & Living
Bermuda
Panama City
Difference
1-bedroom Apartment, City Center (Monthly)
$3,595 BMD 3,595
$1,238 PAB 1,238
190.46%
1-bedroom Apartment, Outside City Center (Monthly)
$2,554 BMD 2,554
$873 PAB 873
192.53%
3-bedroom Apartment, City Center (Monthly)
$8,175 BMD 8,175
$2,197 PAB 2,197
272.10%
3-bedroom Apartment, Outside City Center (Monthly)
$7,064 BMD 7,064
$1,538 PAB 1,538
359.24%
Buy Apartment in City Center (m2)
$14.9K BMD 14.9K
$3,116 PAB 3,116
377.89%
Buy Apartment Outside City Center (m2)
$8,923 BMD 8,923
$1,725 PAB 1,725
417.37%
💵 Salaries & Financials
Bermuda
Panama City
Difference
Average Monthly Net Salary (After Tax)
$6,948 BMD 6,948
$934 PAB 934
643.52%
20-Year Fixed Mortgage Interest Rate (Annual %)
8.63
6.39
35.05%
CityCost data is based on AI and user input – minor inaccuracies may occur.
Last update for Bermuda: October 5, 2026
Last update for Panama City: October 3, 2026
Monthly budget structure
Share of the monthly basket for one person, rent included.
Share of the monthly basket for a family of three, rent included.
Accommodation & Living
Bermuda $2.6K 49.4%
Panama City $873 47.2% 65.8% $1.7K
Groceries & Markets
Bermuda $832 16.1%
Panama City $324 17.5% 61% $508
Eating Out
Bermuda $658 12.7%
Panama City $202 10.9% 69.3% $456
Monthly Utilities & Internet
Bermuda $606 11.7%
Panama City $207 11.2% 65.8% $399
Sport & Entertainment
Bermuda $215 4.2%
Panama City $64 3.4% 70.5% $152
Clothing & Footwear
Bermuda $194 3.7%
Panama City $146 7.9% 24.8% $48
Getting Around
Bermuda $110 2.1%
Panama City $34 1.8% 69.2% $76
Accommodation & Living
Bermuda $7.1K 54.4%
Panama City $1.5K 41.4% 78.2% $5.5K
Groceries & Markets
Bermuda $1.9K 14.7%
Panama City $747 20.1% 60.9% $1.2K
Eating Out
Bermuda $2.1K 16.5%
Panama City $644 17.3% 69.9% $1.5K
Monthly Utilities & Internet
Bermuda $763 5.9%
Panama City $235 6.3% 69.2% $528
Sport & Entertainment
Bermuda $446 3.4%
Panama City $162 4.4% 63.6% $284
Clothing & Footwear
Bermuda $430 3.3%
Panama City $323 8.7% 24.8% $107
Getting Around
Bermuda $230 1.8%
Panama City $69 1.8% 70.2% $162
Good to know
🇧🇲 Bermuda
🇵🇦 Panama City
Weather
Population
65,024
1,086,990 Capital
Exchange rates and currency converter
On the map
Lowest
Highest
Between locations
- Bermuda Panama City 3,010 km ≈ 4 h 15 min nonstop flight
From you
- Bermuda
- 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
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