Last update: Oct 2026

Cost of Living Comparison Between Caraguatatuba and Panama City

For one person, living is cheaper in Caraguatatuba: $843 a month against $1,855 in Panama City, rent and utilities included – about $12,100 less a year. Rent and utilities account for most of the difference.

41

Cost of Living Index in Caraguatatuba
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Caraguatatuba Living Index
90

Cost of Living Index in Panama City
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Panama City Living Index

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Caraguatatuba

🇧🇷 Brazil

$843

/mo nomad

Panama City

🇵🇦 Panama

$1,855

/mo nomad

Monthly Cost of Living

How much you'll spend in Caraguatatuba 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 Caraguatatuba and in Panama City actually costs, broken down by who's living it.

Monthly costs for one person with rent: $843 in Caraguatatuba versus $1,855 in Panama City.

Caraguatatuba $843
Panama City $1,855

Estimated couple costs with rent: $1,363 in Caraguatatuba versus $2,804 in Panama City.

Caraguatatuba $1,363
Panama City $2,804

Monthly costs for a family of three with rent: $1,883 in Caraguatatuba versus $3,753 in Panama City.

Caraguatatuba $1,883
Panama City $3,753

Living in Caraguatatuba costs roughly 55% less than in Panama City, and outside of rent the biggest gap is in groceries.

The two cities straddle the global median: Caraguatatuba is 38% below, Panama City is 37% above.

Meal at Budget Restaurant

$7.70 R$39.04

$11.63 PAB 11.63

-33.79%

Three-Course Dinner for Two, Mid-Range

$29.38 R$149

$47.92 PAB 47.92

-38.69%

Fast Food Meal (McDonalds, etc)

$9.23 R$46.80

$7.96 PAB 7.96

15.95%

Cappuccino

$2.37 R$11.99

$4.22 PAB 4.22

-43.84%

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

$1.23 R$6.25

$2.01 PAB 2.01

-38.81%

Water (0.33 liter bottle)

$0.88 R$4.48

$1.56 PAB 1.56

-43.59%

Local Beer (0.5 liter draught)

$2.36 R$11.96

$3.39 PAB 3.39

-30.38%

Imported Beer (0.33 liter bottle)

$3.27 R$16.60

$3.94 PAB 3.94

-17.01%

Milk (1 liter)

$1.00 R$5.09

$1.85 PAB 1.85

-45.95%

White Bread (500g)

$1.61 R$8.17

$2.56 PAB 2.56

-37.11%

Rice (white) (1kg)

$1.40 R$7.10

$3.48 PAB 3.48

-59.77%

Eggs

$1.96 R$9.96

$2.69 PAB 2.69

-27.14%

Local Cheese (1kg)

$5.89 R$29.84

$12.57 PAB 12.57

-53.14%

Chicken Fillets (1kg)

$3.32 R$16.82

$6.83 PAB 6.83

-51.39%

Beef Round Steak (1kg)

$7.98 R$40.47

$10.58 PAB 10.58

-24.57%

Apples (1kg)

$2.15 R$10.89

$4.18 PAB 4.18

-48.56%

Banana (1kg)

$1.67 R$8.46

$1.83 PAB 1.83

-8.74%

Oranges (1kg)

$1.46 R$7.39

$4.20 PAB 4.20

-65.24%

Tomato (1kg)

$1.42 R$7.19

$4.03 PAB 4.03

-64.76%

Potato (1kg)

$1.27 R$6.45

$3.48 PAB 3.48

-63.51%

Onion (1kg)

$0.82 R$4.13

$4.22 PAB 4.22

-80.57%

Lettuce (1 head)

$0.71 R$3.60

$2.41 PAB 2.41

-70.54%

Water (1.5 liter bottle)

$0.79 R$3.99

$1.69 PAB 1.69

-53.25%

Cigarettes 20 Pack (Marlboro, Camel)

$2.16 R$10.96

$6.14 PAB 6.14

-64.82%

Wine (Bottle)

$7.00 R$35.46

$11.30 PAB 11.30

-38.05%

Local Beer (0.5 liter bottle)

$1.50 R$7.58

$1.42 PAB 1.42

5.63%

Imported Beer (0.33 liter bottle)

$2.59 R$13.11

$2.73 PAB 2.73

-5.13%

One-way Ticket (Public Transport)

$0.98 R$4.96

$0.33 PAB 0.33

196.97%

Public Transport Monthly Pass (Regular Price)

$23.55 R$119

$21.23 PAB 21.23

10.93%

Taxi Start (Normal Tariff)

$1.16 R$5.89

$2.52 PAB 2.52

-53.97%

Taxi (Normal Tariff) (1km)

$0.73 R$3.70

$1.86 PAB 1.86

-60.75%

Taxi 1hour Waiting (Normal Tariff)

$3.52 R$17.85

$21.78 PAB 21.78

-83.84%

Gasoline (1 liter)

$1.30 R$6.59

$1.25 PAB 1.25

4.00%

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

$15.7K R$79.3K

$21.2K PAB 21.2K

-26.31%

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

$29.5K R$149.6K

$21.0K PAB 21.0K

40.37%

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

$66.3 R$336

$130 PAB 130

-48.93%

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

$13.05 R$66.2

$28.13 PAB 28.13

-53.61%

Internet (50+ Mbps, Unlimited Data)

$22.44 R$114

$48.21 PAB 48.21

-53.45%

Gym Membership (Monthly)

$21.64 R$110

$45.78 PAB 45.78

-52.73%

Tennis Court (1 Hour on Weekend)

$16.29 R$82.6

$34.92 PAB 34.92

-53.35%

Cinema Ticket

$8.17 R$41.40

$8.67 PAB 8.67

-5.77%

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

$223 R$1,130

$544 PAB 544

-59.04%

International Primary School, 1 Child (Yearly)

$4,271 R$21.7K

$9,697 PAB 9,697

-55.95%

Jeans (Levis 501 Or Similar)

$57.8 R$293

$66.8 PAB 66.8

-13.42%

Summer Dress (H&M, Zara, etc)

$56.6 R$287

$49.14 PAB 49.14

15.14%

Sport Shoes (Adidas, Nike)

$78.3 R$397

$93.9 PAB 93.9

-16.54%

Men's Leather Business Shoes

$59.2 R$300

$112 PAB 112

-46.92%

1-bedroom Apartment, City Center (Monthly)

$416 R$2,110

$1,257 PAB 1,257

-66.88%

1-bedroom Apartment, Outside City Center (Monthly)

$237 R$1,201

$875 PAB 875

-72.91%

3-bedroom Apartment, City Center (Monthly)

$879 R$4,453

$2,155 PAB 2,155

-59.24%

3-bedroom Apartment, Outside City Center (Monthly)

$522 R$2,648

$1,564 PAB 1,564

-66.59%

Buy Apartment in City Center (m2)

$1,681 R$8,523

$3,122 PAB 3,122

-46.15%

Buy Apartment Outside City Center (m2)

$1,217 R$6,170

$1,709 PAB 1,709

-28.79%

Average Monthly Net Salary (After Tax)

$336 R$1,704

$916 PAB 916

-63.29%

20-Year Fixed Mortgage Interest Rate (Annual %)

8.15

6.39

27.54%

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

Last update for Caraguatatuba: October 11, 2026

Last update for Panama City: October 10, 2026

Monthly budget structure

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

Accommodation & Living

Caraguatatuba

$237 28.1%

Panama City

$875 47.2% 269% $638

Groceries & Markets

Caraguatatuba

$176 20.9%

Panama City

$325 17.5% 84.9% $149

Eating Out

Caraguatatuba

$145 17.2%

Panama City

$207 11.1% 43% $62

Clothing & Footwear

Caraguatatuba

$113 13.5%

Panama City

$145 7.8% 27.5% $31

Monthly Utilities & Internet

Caraguatatuba

$102 12.1%

Panama City

$206 11.1% 103% $104

Sport & Entertainment

Caraguatatuba

$38 4.5%

Panama City

$63 3.4% 66.2% $25

Getting Around

Caraguatatuba

$32 3.8%

Panama City

$34 1.9% 6.6% $2.1

Cost Breakdown

A one-bedroom apartment in the center runs $416 in Caraguatatuba and $1,257 in Panama City. Housing cost is often the main lever when comparing two cities.

Panama City pays 172% more on average. The extra income cushions the higher costs, though housing choices and lifestyle decide how much of the gap is truly closed.

Dining out: $29.00 in Caraguatatuba vs $48.00 in Panama City for a mid-range dinner for two. Groceries echo the gap at $176 vs $325 per month, with Caraguatatuba cheaper across the board.

Good to know

🇧🇷 Caraguatatuba

🇵🇦 Panama City

🕒 Local time

05:46 5:46 AM

03:46 3:46 AM

2 h behind Caraguatatuba

🌤 Weather

👥 Population

134,873

1,086,990 Capital

💱 Currency

Brazilian Real BRL R$

Panamanian Balboa PAB B/.

📈 Exchange rate

1 BRL = 0.197 USD

1 BRL = 0.175 EUR

1 PAB = 1 USD

1 PAB = 0.89 EUR

Exchange rates and currency converter

PAB, USD, EUR to BRL – Brazilian Real Converter

🇺🇸 United States Dollar ($)

🇧🇷 Brazilian Real (R$)

Brazilian Real exchange rates as of October 18, 2026: 1 USD = 5.07 BRL (1 BRL = 0.197 USD). 1 EUR = 5.7 BRL (1 BRL = 0.175 EUR).

Panamanian Balboa exchange rates as of October 18, 2026: 1 USD = 1 PAB (1 PAB = 1 USD). 1 EUR = 1.12 PAB (1 PAB = 0.89 EUR).

USD to BRL in detail →

On the map

Lowest

Highest

Between locations

Caraguatatuba Panama City 5,180 km ≈ 7 h nonstop flight

From you

Caraguatatuba
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

Caraguatatuba vs Panama City: Cost of Living - Frequently Asked Questions

Caraguatatuba is cheaper overall, especially in groceries, eating out, and clothing. The 120% gap adds up to real monthly savings that compound significantly over time.

On paper, salaries run 172% lower in Panama City. That's worth factoring in alongside costs, though remote workers earning in a stronger currency may not notice the difference at all.

Rent for a central apartment: $416 in Caraguatatuba versus $1,257 in Panama City. Housing is usually the single largest factor when comparing overall living costs between the two.

Supermarket bills run roughly 85% higher in Panama City. For households that cook at home regularly, that difference adds up over a month.

Dining out is cheaper in Caraguatatuba – a meal for two runs $29.00 versus $48.00 in Panama City. If you eat out regularly, this makes a real dent in your monthly spending.

At $843 in Caraguatatuba versus $1,855 in Panama City, a $1,500 budget is realistic in Caraguatatuba but tight or insufficient in Panama City. The gap between the two cities makes Caraguatatuba the clear choice for anyone on this budget.

For families, Caraguatatuba is more practical. Housing and childcare are both notably cheaper than in Panama City, and the savings on those two alone free up budget for education, activities, and family trips.

Expats usually find Caraguatatuba gentler on the wallet – expenses run 120% less than in Panama City. Beyond cost, consider language, visa policies, and how big the international community is in each city.