Last update: Nov 2026

Cost of Living Comparison Between Cody, WY and Panama City

For one person, living is cheaper in Panama City: $1,972 a month against $2,571 in Cody, WY, rent and utilities included – about $7,200 less a year. Rent and utilities account for most of the difference.

119

Cost of Living Index in Cody, WY
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Cody, WY Living Index
95

Cost of Living Index in Panama City
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Panama City Living Index

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Cody, WY

🇺🇸 United States

$2,571

/mo nomad

Panama City

🇵🇦 Panama

$1,972

/mo nomad

Monthly Cost of Living

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

A single person spends $2,571 per month in Cody, WY vs $1,972 in Panama City, rent included.

Cody, WY $2,571
Panama City $1,972

A couple spends around $3,668 per month in Cody, WY vs $2,930 in Panama City, rent included.

Cody, WY $3,668
Panama City $2,930

A family of three spends $4,765 per month in Cody, WY vs $3,888 in Panama City, rent included.

Cody, WY $4,765
Panama City $3,888

Cody, WY costs about 30% more than Panama City, and outside of rent the biggest gap is in eating out.

Both Cody, WY and Panama City sit above the global median – Cody, WY by 90%, Panama City by 46%.

Meal at Budget Restaurant

$20.09 $20.09

$11.37 PAB 11.37

76.69%

Three-Course Dinner for Two, Mid-Range

$44.97 $44.97

$46.69 PAB 46.69

-3.68%

Fast Food Meal (McDonalds, etc)

$13.98 $13.98

$7.98 PAB 7.98

75.19%

Cappuccino

$3.64 $3.64

$4.12 PAB 4.12

-11.65%

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

$3.03 $3.03

$2.01 PAB 2.01

50.75%

Water (0.33 liter bottle)

$2.59 $2.59

$1.57 PAB 1.57

64.97%

Local Beer (0.5 liter draught)

$3.49 $3.49

$3.28 PAB 3.28

6.40%

Imported Beer (0.33 liter bottle)

$6.17 $6.17

$3.88 PAB 3.88

59.02%

Milk (1 liter)

$1.05 $1.05

$1.82 PAB 1.82

-42.31%

White Bread (500g)

$2.22 $2.22

$2.61 PAB 2.61

-14.94%

Rice (white) (1kg)

$3.27 $3.27

$3.45 PAB 3.45

-5.22%

Eggs

$4.08 $4.08

$2.68 PAB 2.68

52.24%

Local Cheese (1kg)

$13.42 $13.42

$12.42 PAB 12.42

8.05%

Chicken Fillets (1kg)

$9.30 $9.30

$6.73 PAB 6.73

38.19%

Beef Round Steak (1kg)

$20.15 $20.15

$10.44 PAB 10.44

93.01%

Apples (1kg)

$4.48 $4.48

$4.21 PAB 4.21

6.41%

Banana (1kg)

$1.49 $1.49

$1.95 PAB 1.95

-23.59%

Oranges (1kg)

$3.92 $3.92

$4.07 PAB 4.07

-3.69%

Tomato (1kg)

$5.03 $5.03

$4.02 PAB 4.02

25.12%

Potato (1kg)

$1.41 $1.41

$3.46 PAB 3.46

-59.25%

Onion (1kg)

$2.14 $2.14

$4.42 PAB 4.42

-51.58%

Lettuce (1 head)

$2.34 $2.34

$2.43 PAB 2.43

-3.70%

Water (1.5 liter bottle)

$2.08 $2.08

$1.72 PAB 1.72

20.93%

Cigarettes 20 Pack (Marlboro, Camel)

$8.08 $8.08

$6.04 PAB 6.04

33.77%

Wine (Bottle)

$15.03 $15.03

$11.68 PAB 11.68

28.68%

Local Beer (0.5 liter bottle)

$1.76 $1.76

$1.41 PAB 1.41

24.82%

Imported Beer (0.33 liter bottle)

$4.29 $4.29

$2.74 PAB 2.74

56.57%

One-way Ticket (Public Transport)

$1.70 $1.70

$0.33 PAB 0.33

415.15%

Public Transport Monthly Pass (Regular Price)

$68.7 $68.7

$20.65 PAB 20.65

232.74%

Taxi Start (Normal Tariff)

$2.44 $2.44

$2.45 PAB 2.45

-0.41%

Taxi (Normal Tariff) (1km)

$1.34 $1.34

$1.76 PAB 1.76

-23.86%

Taxi 1hour Waiting (Normal Tariff)

$60.1 $60.1

$21.86 PAB 21.86

174.75%

Gasoline (1 liter)

$1.04 $1.04

$1.20 PAB 1.20

-13.33%

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

$31.3K $31.3K

$24.6K PAB 24.6K

27.40%

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

$25.2K $25.2K

$20.9K PAB 20.9K

20.77%

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

$151 $151

$132 PAB 132

14.97%

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

$67.7 $67.7

$27.89 PAB 27.89

142.74%

Internet (50+ Mbps, Unlimited Data)

$59.8 $59.8

$49.10 PAB 49.10

21.75%

Gym Membership (Monthly)

$40.43 $40.43

$44.53 PAB 44.53

-9.21%

Tennis Court (1 Hour on Weekend)

$34.01 PAB 34.01

Cinema Ticket

$8.84 $8.84

$8.70 PAB 8.70

1.61%

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

$1,236 $1,236

$537 PAB 537

130.22%

International Primary School, 1 Child (Yearly)

$15.1K $15.1K

$20.5K PAB 20.5K

-26.60%

Jeans (Levis 501 Or Similar)

$55.4 $55.4

$65.8 PAB 65.8

-15.84%

Summer Dress (H&M, Zara, etc)

$32.78 $32.78

$48.45 PAB 48.45

-32.34%

Sport Shoes (Adidas, Nike)

$100 $100

$95.4 PAB 95.4

5.02%

Men's Leather Business Shoes

$78.4 $78.4

$114 PAB 114

-30.96%

1-bedroom Apartment, City Center (Monthly)

$1,554 $1,554

$1,405 PAB 1,405

10.62%

1-bedroom Apartment, Outside City Center (Monthly)

$1,359 $1,359

$994 PAB 994

36.71%

3-bedroom Apartment, City Center (Monthly)

$2,616 $2,616

$2,221 PAB 2,221

17.77%

3-bedroom Apartment, Outside City Center (Monthly)

$2,177 $2,177

$1,714 PAB 1,714

27.04%

Buy Apartment in City Center (m2)

$2,843 $2,843

$3,139 PAB 3,139

-9.44%

Buy Apartment Outside City Center (m2)

$2,597 $2,597

$1,724 PAB 1,724

50.69%

Average Monthly Net Salary (After Tax)

$2,956 $2,956

$936 PAB 936

215.82%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.72

6.39

5.16%

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

Last update for Cody, WY: November 2, 2026

Last update for Panama City: November 3, 2026

Monthly budget structure

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

Accommodation & Living

Cody, WY

$1.4K 52.9%

Panama City

$994 50.4% 26.9% $365

Groceries & Markets

Cody, WY

$372 14.5%

Panama City

$326 16.5% 12.4% $46

Eating Out

Cody, WY

$299 11.6%

Panama City

$203 10.3% 32.1% $96

Monthly Utilities & Internet

Cody, WY

$279 10.9%

Panama City

$209 10.6% 25.2% $70

Clothing & Footwear

Cody, WY

$120 4.7%

Panama City

$145 7.4% 21.2% $25

Getting Around

Cody, WY

$85 3.3%

Panama City

$33 1.7% 60.8% $51

Sport & Entertainment

Cody, WY

$58 2.3%

Panama City

$62 3.1% 6.6% $3.8

Cost Breakdown

A central one-bedroom costs $1,554 in Cody, WY versus $1,405 in Panama City. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

Salaries in Cody, WY are about 3.2 times higher. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $45 in Cody, WY versus $47 in Panama City. Groceries tell a different story – $372 in Cody, WY vs $326 in Panama City – so Panama City wins on supermarket bills even if dining out costs more.

Good to know

🇺🇸 Cody, WY

🇵🇦 Panama City

🕒 Local time

08:47 8:47 AM

10:47 10:47 AM

2 h ahead of Cody, WY

🌤 Weather

👥 Population

10,000

1,086,990 Capital

💱 Currency

United States Dollar USD $

Panamanian Balboa PAB B/.

📈 Exchange rate

1 USD = 0.89 EUR

1 PAB = 1 USD

1 PAB = 0.89 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 = 0.89 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 = 0.89 EUR).

PAB to USD in detail →

On the map

Lowest

Highest

Between locations

Cody, WY Panama City 4,870 km ≈ 7 h nonstop flight

From you

Cody, 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

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

Monthly costs with rent: $2,571 in Cody, WY, $1,972 in Panama City – Panama City comes out roughly 23% cheaper. Outside of rent, the biggest gap is in eating out.

For a comfortable life, plan on about $3,857 per month in Cody, WY and $2,958 in Panama City. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Panama City, especially for central apartments: a one-bedroom in the center costs $1,405 there versus $1,554 in Cody, WY.

Monthly expenses with rent come to $2,571 in Cody, WY and $1,972 in Panama City. That makes Panama City about 23% cheaper.

Public transport costs about 70% less in Panama City. For daily commuters, that gap adds up to noticeable savings over a year.

A $2,500 monthly budget goes further in Panama City, where all-in costs run around $1,972, than in Cody, WY at $2,571. In Panama City it covers expenses comfortably, while in Cody, WY it requires careful planning or may not stretch far enough.

Families tend to lean toward Panama City – lower housing and cheaper childcare make a real difference, especially on a single income or when paying for private education.

If budget matters most, go with Panama City. If higher salaries or specific career opportunities are the priority, Cody, WY makes more sense. Both are solid long-term options with distinct trade-offs.