Last update: Oct 2026

Cost of Living Comparison Between Chiang Mai and Panama

Name: Panama
Address: PA

For one person, living is cheaper in Chiang Mai: $906 a month against $1,604 in Panama, rent and utilities included – about $8,400 less a year. Rent and utilities account for most of the difference.

45

Cost of Living Index in Chiang Mai
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Chiang Mai Living Index
77

Cost of Living Index in Panama
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Panama Living Index

Jump to prices

Chiang Mai

🇹🇭 Thailand

$906

/mo nomad

🇵🇦 Panama

$1,604

/mo nomad

🙂 Solo nomad: Chiang Mai is 26.2% cheaper than Panama without rent, and 43.5% cheaper with rent.

🙂 Family of 3: Chiang Mai is 32.4% cheaper than Panama without rent, and 43.6% cheaper with rent.

Meal at Budget Restaurant

$2.13 ฿71.4

$7.86 PAB 7.86

-72.90%

Three-Course Dinner for Two, Mid-Range

$19.40 ฿649

$44.75 PAB 44.75

-56.65%

Fast Food Meal (McDonalds, etc)

$5.47 ฿183

$7.89 PAB 7.89

-30.67%

Cappuccino

$1.68 ฿56.4

$3.84 PAB 3.84

-56.25%

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

$0.66 ฿22.10

$1.59 PAB 1.59

-58.49%

Water (0.33 liter bottle)

$0.34 ฿11.52

$1.41 PAB 1.41

-75.89%

Local Beer (0.5 liter draught)

$2.42 ฿81.0

$2.19 PAB 2.19

10.50%

Imported Beer (0.33 liter bottle)

$3.73 ฿125

$4.04 PAB 4.04

-7.67%

Milk (1 liter)

$2.06 ฿68.9

$1.85 PAB 1.85

11.35%

White Bread (500g)

$1.46 ฿48.78

$2.32 PAB 2.32

-37.07%

Rice (white) (1kg)

$1.35 ฿45.09

$2.99 PAB 2.99

-54.85%

Eggs

$2.27 ฿76.0

$2.48 PAB 2.48

-8.47%

Local Cheese (1kg)

$16.31 ฿546

$12.28 PAB 12.28

32.82%

Chicken Fillets (1kg)

$2.70 ฿90.3

$6.94 PAB 6.94

-61.10%

Beef Round Steak (1kg)

$9.20 ฿308

$10.11 PAB 10.11

-9.00%

Apples (1kg)

$2.39 ฿80.1

$4.18 PAB 4.18

-42.82%

Banana (1kg)

$1.04 ฿34.66

$1.48 PAB 1.48

-29.73%

Oranges (1kg)

$1.60 ฿53.7

$3.65 PAB 3.65

-56.16%

Tomato (1kg)

$1.44 ฿48.37

$3.73 PAB 3.73

-61.39%

Potato (1kg)

$1.30 ฿43.59

$2.50 PAB 2.50

-48.00%

Onion (1kg)

$1.11 ฿37.29

$3.29 PAB 3.29

-66.26%

Lettuce (1 head)

$0.70 ฿23.55

$2.34 PAB 2.34

-70.09%

Water (1.5 liter bottle)

$0.51 ฿16.99

$1.57 PAB 1.57

-67.52%

Cigarettes 20 Pack (Marlboro, Camel)

$4.13 ฿138

$6.08 PAB 6.08

-32.07%

Wine (Bottle)

$17.78 ฿595

$9.88 PAB 9.88

79.96%

Local Beer (0.5 liter bottle)

$1.63 ฿54.7

$1.39 PAB 1.39

17.27%

Imported Beer (0.33 liter bottle)

$2.87 ฿96.0

$2.42 PAB 2.42

18.60%

One-way Ticket (Public Transport)

$0.86 ฿28.76

$0.43 PAB 0.43

100.00%

Public Transport Monthly Pass (Regular Price)

$53.2 ฿1,780

$20.96 PAB 20.96

153.58%

Taxi Start (Normal Tariff)

$1.22 ฿40.81

$2.43 PAB 2.43

-49.79%

Taxi (Normal Tariff) (1km)

$0.56 ฿18.81

$1.82 PAB 1.82

-69.23%

Taxi 1hour Waiting (Normal Tariff)

$2.31 ฿77.5

$21.79 PAB 21.79

-89.40%

Gasoline (1 liter)

$1.50 ฿50.2

$1.18 PAB 1.18

27.12%

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

$20.9K ฿698.3K

$21.5K PAB 21.5K

-2.95%

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

$26.7K ฿895.0K

$22.2K PAB 22.2K

20.45%

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

$61.3 ฿2,051

$119 PAB 119

-48.52%

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

$12.50 ฿419

$27.03 PAB 27.03

-53.76%

Internet (50+ Mbps, Unlimited Data)

$20.36 ฿682

$47.70 PAB 47.70

-57.32%

Gym Membership (Monthly)

$37.94 ฿1,270

$48.94 PAB 48.94

-22.48%

Tennis Court (1 Hour on Weekend)

$3.77 ฿126

$30.16 PAB 30.16

-87.50%

Cinema Ticket

$6.60 ฿221

$7.84 PAB 7.84

-15.82%

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

$774 ฿25.9K

$536 PAB 536

44.50%

International Primary School, 1 Child (Yearly)

$14.4K ฿483.2K

$8,069 PAB 8,069

78.87%

Jeans (Levis 501 Or Similar)

$54.8 ฿1,835

$53.5 PAB 53.5

2.45%

Summer Dress (H&M, Zara, etc)

$25.26 ฿846

$42.77 PAB 42.77

-40.94%

Sport Shoes (Adidas, Nike)

$90.6 ฿3,032

$87.4 PAB 87.4

3.64%

Men's Leather Business Shoes

$73.3 ฿2,453

$103 PAB 103

-29.11%

1-bedroom Apartment, City Center (Monthly)

$459 ฿15.4K

$944 PAB 944

-51.41%

1-bedroom Apartment, Outside City Center (Monthly)

$294 ฿9,835

$697 PAB 697

-57.83%

3-bedroom Apartment, City Center (Monthly)

$919 ฿30.8K

$1,728 PAB 1,728

-46.80%

3-bedroom Apartment, Outside City Center (Monthly)

$552 ฿18.5K

$1,262 PAB 1,262

-56.29%

Buy Apartment in City Center (m2)

$1,917 ฿64.2K

$2,941 PAB 2,941

-34.81%

Buy Apartment Outside City Center (m2)

$1,445 ฿48.4K

$1,673 PAB 1,673

-13.66%

Average Monthly Net Salary (After Tax)

$592 ฿19.8K

$826 PAB 826

-28.25%

20-Year Fixed Mortgage Interest Rate (Annual %)

5.57

6.37

-12.56%

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

Last update for Chiang Mai: October 5, 2026

Last update for Panama: October 5, 2026

Monthly budget structure

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

Accommodation & Living

Chiang Mai

$294 31.8%

Panama

$697 44% 137% $403

Groceries & Markets

Chiang Mai

$236 25.6%

Panama

$302 19.1% 28.1% $66

Clothing & Footwear

Chiang Mai

$110 11.9%

Panama

$129 8.2% 17.7% $19

Monthly Utilities & Internet

Chiang Mai

$94 10.2%

Panama

$194 12.2% 106% $100

Eating Out

Chiang Mai

$77 8.4%

Panama

$164 10.3% 112% $86

Getting Around

Chiang Mai

$61 6.6%

Panama

$34 2.2% 43.5% $26

Sport & Entertainment

Chiang Mai

$51 5.5%

Panama

$65 4.1% 26.4% $13

Good to know

🇹🇭 Chiang Mai

🇵🇦 Panama

🕒 Local time

14:42 2:42 PM

02:42 2:42 AM

12 h behind Chiang Mai

🌤 Weather

👥 Population

127,240

4,098,587

💱 Currency

Thai Baht THB ฿

Panamanian Balboa PAB B/.

📈 Exchange rate

100 THB = 2.99 USD

100 THB = 2.66 EUR

1 PAB = 1 USD

1 PAB = 0.892 EUR

Exchange rates and currency converter

PAB, USD, EUR to THB – Thai Baht Converter

🇺🇸 United States Dollar ($)

🇹🇭 Thai Baht (฿)

Thai Baht exchange rates as of October 10, 2026: 1 USD = 33.48 THB (100 THB = 2.99 USD). 1 EUR = 37.55 THB (100 THB = 2.66 EUR).

Panamanian Balboa exchange rates as of October 10, 2026: 1 USD = 1 PAB (1 PAB = 1 USD). 1 EUR = 1.12 PAB (1 PAB = 0.892 EUR).

USD to THB in detail →

On the map

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Between locations

Chiang Mai Panama 16,920 km ≈ 22 h nonstop flight

From you

Chiang Mai
Panama

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

Chiang Mai vs other spots: cost of living compared

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