Last update: Nov 2026

Cost of Living Comparison Between Casper, WY and Panama City

For one person, living is cheaper in Casper, WY: $1,527 a month against $1,972 in Panama City, rent and utilities included – about $5,300 less a year. Rent and utilities account for about half of the difference.

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Cost of Living Index in Panama City
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Panama City Living Index

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Casper, WY

🇺🇸 United States

$1,527

/mo nomad

Panama City

🇵🇦 Panama

$1,972

/mo nomad

Monthly Cost of Living

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

Monthly costs for one person with rent: $1,527 in Casper, WY versus $1,972 in Panama City.

Casper, WY $1,527
Panama City $1,972

Estimated couple costs with rent: $2,417 in Casper, WY versus $2,930 in Panama City.

Casper, WY $2,417
Panama City $2,930

Monthly costs for a family of three with rent: $3,307 in Casper, WY versus $3,888 in Panama City.

Casper, WY $3,307
Panama City $3,888

Living in Casper, WY costs roughly 23% less than in Panama City, and outside of rent the biggest gap is in groceries.

Both cities are pricier than the global median: Casper, WY 13% above, Panama City 46% above.

Meal at Budget Restaurant

$14.48 $14.48

$11.37 PAB 11.37

27.35%

Three-Course Dinner for Two, Mid-Range

$47.46 $47.46

$46.69 PAB 46.69

1.65%

Fast Food Meal (McDonalds, etc)

$9.28 $9.28

$7.98 PAB 7.98

16.29%

Cappuccino

$4.29 $4.29

$4.12 PAB 4.12

4.13%

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

$3.07 $3.07

$2.01 PAB 2.01

52.74%

Water (0.33 liter bottle)

$2.50 $2.50

$1.57 PAB 1.57

59.24%

Local Beer (0.5 liter draught)

$4.86 $4.86

$3.28 PAB 3.28

48.17%

Imported Beer (0.33 liter bottle)

$5.88 $5.88

$3.88 PAB 3.88

51.55%

Milk (1 liter)

$1.01 $1.01

$1.82 PAB 1.82

-44.51%

White Bread (500g)

$1.61 $1.61

$2.61 PAB 2.61

-38.31%

Rice (white) (1kg)

$2.17 $2.17

$3.45 PAB 3.45

-37.10%

Eggs

$3.53 $3.53

$2.68 PAB 2.68

31.72%

Local Cheese (1kg)

$12.42 PAB 12.42

Chicken Fillets (1kg)

$6.73 PAB 6.73

Beef Round Steak (1kg)

$15.21 $15.21

$10.44 PAB 10.44

45.69%

Apples (1kg)

$4.21 PAB 4.21

Banana (1kg)

$1.28 $1.28

$1.95 PAB 1.95

-34.36%

Oranges (1kg)

$4.07 PAB 4.07

Tomato (1kg)

$4.02 PAB 4.02

Potato (1kg)

$3.46 PAB 3.46

Onion (1kg)

$4.42 PAB 4.42

Lettuce (1 head)

$2.43 PAB 2.43

Water (1.5 liter bottle)

$1.72 PAB 1.72

Cigarettes 20 Pack (Marlboro, Camel)

$9.90 $9.90

$6.04 PAB 6.04

63.91%

Wine (Bottle)

$11.68 PAB 11.68

Local Beer (0.5 liter bottle)

$1.75 $1.75

$1.41 PAB 1.41

24.11%

Imported Beer (0.33 liter bottle)

$2.74 PAB 2.74

One-way Ticket (Public Transport)

$0.98 $0.98

$0.33 PAB 0.33

196.97%

Public Transport Monthly Pass (Regular Price)

$20.65 PAB 20.65

Taxi Start (Normal Tariff)

$2.45 PAB 2.45

Taxi (Normal Tariff) (1km)

$1.76 PAB 1.76

Taxi 1hour Waiting (Normal Tariff)

$21.86 PAB 21.86

Gasoline (1 liter)

$0.88 $0.88

$1.20 PAB 1.20

-26.67%

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

$24.6K PAB 24.6K

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

$20.9K PAB 20.9K

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

$106 $106

$132 PAB 132

-19.61%

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

$53.5 $53.5

$27.89 PAB 27.89

91.83%

Internet (50+ Mbps, Unlimited Data)

$117 $117

$49.10 PAB 49.10

137.72%

Gym Membership (Monthly)

$54.3 $54.3

$44.53 PAB 44.53

21.94%

Tennis Court (1 Hour on Weekend)

$34.01 PAB 34.01

Cinema Ticket

$10.46 $10.46

$8.70 PAB 8.70

20.23%

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

$537 PAB 537

International Primary School, 1 Child (Yearly)

$20.5K PAB 20.5K

Jeans (Levis 501 Or Similar)

$65.8 PAB 65.8

Summer Dress (H&M, Zara, etc)

$38.73 $38.73

$48.45 PAB 48.45

-20.06%

Sport Shoes (Adidas, Nike)

$95.4 PAB 95.4

Men's Leather Business Shoes

$114 PAB 114

1-bedroom Apartment, City Center (Monthly)

$1,211 $1,211

$1,405 PAB 1,405

-13.78%

1-bedroom Apartment, Outside City Center (Monthly)

$790 $790

$994 PAB 994

-20.56%

3-bedroom Apartment, City Center (Monthly)

$1,794 $1,794

$2,221 PAB 2,221

-19.21%

3-bedroom Apartment, Outside City Center (Monthly)

$1,764 $1,764

$1,714 PAB 1,714

2.96%

Buy Apartment in City Center (m2)

$1,901 $1,901

$3,139 PAB 3,139

-39.44%

Buy Apartment Outside City Center (m2)

$1,888 $1,888

$1,724 PAB 1,724

9.53%

Average Monthly Net Salary (After Tax)

$4,232 $4,232

$936 PAB 936

352.14%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.87

6.39

7.51%

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

Last update for Casper, WY: November 1, 2026

Last update for Panama City: November 3, 2026

Monthly budget structure

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

Accommodation & Living

Casper, WY

–

Panama City

$994 50.4%

Groceries & Markets

Casper, WY

–

Panama City

$326 16.5%

Monthly Utilities & Internet

Casper, WY

–

Panama City

$209 10.6%

Eating Out

Casper, WY

–

Panama City

$203 10.3%

Clothing & Footwear

Casper, WY

–

Panama City

$145 7.4%

Sport & Entertainment

Casper, WY

–

Panama City

$62 3.1%

Getting Around

Casper, WY

–

Panama City

$33 1.7%

Cost Breakdown

A one-bedroom apartment in the center runs $1,211 in Casper, WY and $1,405 in Panama City. Housing cost is often the main lever when comparing two cities.

Casper, WY pays about 4.5 times more on average while also being the cheaper of the two. The combined effect is a noticeably stronger local purchasing power.

Dining out: $47 in Casper, WY vs $47 in Panama City for a mid-range dinner for two. Groceries echo the gap at $111 vs $326 per month, with Casper, WY cheaper across the board.

Good to know

🇺🇸 Casper, WY

🇵🇦 Panama City

🕒 Local time

12:36 12:36 PM

14:36 2:36 PM

2 h ahead of Casper, WY

🌤 Weather

👥 Population

58,763

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 6, 2026: 1 EUR = 1.12 USD (1 USD = 0.895 EUR).

Panamanian Balboa exchange rates as of November 6, 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

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Highest

Between locations

Casper, WY Panama City 4,580 km ≈ 6 h nonstop flight

From you

Casper, WY
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

Casper, WY vs Panama City: Cost of Living - Frequently Asked Questions

Casper, WY is about 23% cheaper overall, especially in groceries, clothing, and transport. That difference adds up to real monthly savings that compound significantly over time.

Average pay in Casper, WY is about 4.5 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: $1,211 in Casper, WY versus $1,405 in Panama City. Housing is usually the single largest factor when comparing overall living costs between the two.

Supermarket bills run roughly 193% higher in Panama City. For households that cook at home regularly, that difference adds up over a month.

All in, you’ll spend $1,527 per month in Casper, WY versus $1,972 in Panama City – Casper, WY is about 23% cheaper, which adds up to real savings over time.

Both cities are expensive relative to $1,500. Casper, WY 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.