Last update: Oct 2026

Cost of Living Comparison Between Da Nang and Panama City

For one person, living is cheaper in Da Nang: $844 a month against $1,837 in Panama City, rent and utilities included – about $11,900 less a year. Rent and utilities account for most of the difference.

42

Cost of Living Index in Da Nang
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Da Nang Living Index
90

Cost of Living Index in Panama City
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Panama City Living Index

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Da Nang

🇻🇳 Vietnam

$844

/mo nomad

Panama City

🇵🇦 Panama

$1,837

/mo nomad

Monthly Cost of Living

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

A single person spends $844 per month in Da Nang vs $1,837 in Panama City, rent included.

Da Nang $844
Panama City $1,837

A couple spends around $1,386 per month in Da Nang vs $2,825 in Panama City, rent included.

Da Nang $1,386
Panama City $2,825

A family of three spends $1,928 per month in Da Nang vs $3,812 in Panama City, rent included.

Da Nang $1,928
Panama City $3,812

Da Nang is about 54% cheaper than Panama City, and outside of rent the biggest gap is in eating out.

Da Nang sits 37% below the global median, while Panama City is 37% above – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$2.27 ₫58.8K

$11.34 PAB 11.34

-79.98%

Three-Course Dinner for Two, Mid-Range

$19.51 ₫505.0K

$47.85 PAB 47.85

-59.23%

Fast Food Meal (McDonalds, etc)

$4.62 ₫119.6K

$8.07 PAB 8.07

-42.75%

Cappuccino

$1.73 ₫44.9K

$4.02 PAB 4.02

-56.97%

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

$0.65 ₫16.9K

$1.94 PAB 1.94

-66.49%

Water (0.33 liter bottle)

$0.32 ₫8,182

$1.62 PAB 1.62

-80.25%

Local Beer (0.5 liter draught)

$1.37 ₫35.5K

$3.26 PAB 3.26

-57.98%

Imported Beer (0.33 liter bottle)

$2.25 ₫58.2K

$3.99 PAB 3.99

-43.61%

Milk (1 liter)

$1.58 ₫41.0K

$1.83 PAB 1.83

-13.66%

White Bread (500g)

$1.27 ₫32.8K

$2.57 PAB 2.57

-50.58%

Rice (white) (1kg)

$1.04 ₫26.9K

$3.33 PAB 3.33

-68.77%

Eggs

$1.50 ₫38.8K

$2.69 PAB 2.69

-44.24%

Local Cheese (1kg)

$13.12 ₫339.7K

$12.33 PAB 12.33

6.41%

Chicken Fillets (1kg)

$4.17 ₫107.9K

$6.69 PAB 6.69

-37.67%

Beef Round Steak (1kg)

$9.26 ₫239.6K

$10.40 PAB 10.40

-10.96%

Apples (1kg)

$2.71 ₫70.2K

$4.16 PAB 4.16

-34.86%

Banana (1kg)

$1.14 ₫29.6K

$1.84 PAB 1.84

-38.04%

Oranges (1kg)

$1.33 ₫34.4K

$4.18 PAB 4.18

-68.18%

Tomato (1kg)

$1.53 ₫39.6K

$4.08 PAB 4.08

-62.50%

Potato (1kg)

$1.14 ₫29.5K

$3.50 PAB 3.50

-67.43%

Onion (1kg)

$1.31 ₫34.0K

$4.37 PAB 4.37

-70.02%

Lettuce (1 head)

$1.01 ₫26.1K

$2.34 PAB 2.34

-56.84%

Water (1.5 liter bottle)

$0.49 ₫12.7K

$1.75 PAB 1.75

-72.00%

Cigarettes 20 Pack (Marlboro, Camel)

$1.55 ₫40.2K

$6.06 PAB 6.06

-74.42%

Wine (Bottle)

$7.80 ₫201.9K

$11.72 PAB 11.72

-33.45%

Local Beer (0.5 liter bottle)

$0.88 ₫22.8K

$1.37 PAB 1.37

-35.77%

Imported Beer (0.33 liter bottle)

$2.10 ₫54.3K

$2.84 PAB 2.84

-26.06%

One-way Ticket (Public Transport)

$0.31 ₫8,150

$0.36 PAB 0.36

-13.89%

Public Transport Monthly Pass (Regular Price)

$5.06 ₫131.0K

$20.96 PAB 20.96

-75.86%

Taxi Start (Normal Tariff)

$1.05 ₫27.1K

$2.52 PAB 2.52

-58.33%

Taxi (Normal Tariff) (1km)

$0.57 ₫14.7K

$1.79 PAB 1.79

-68.16%

Taxi 1hour Waiting (Normal Tariff)

$19.44 ₫503.2K

$22.01 PAB 22.01

-11.68%

Gasoline (1 liter)

$0.89 ₫23.1K

$1.25 PAB 1.25

-28.80%

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

$30.2K ₫781.0M

$21.5K PAB 21.5K

40.08%

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

$27.9K ₫722.0M

$21.2K PAB 21.2K

31.60%

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

$78.0 ₫2.0M

$131 PAB 131

-40.55%

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

$6.34 ₫164.1K

$27.68 PAB 27.68

-77.10%

Internet (50+ Mbps, Unlimited Data)

$8.23 ₫213.1K

$48.59 PAB 48.59

-83.06%

Gym Membership (Monthly)

$22.58 ₫584.5K

$46.11 PAB 46.11

-51.03%

Tennis Court (1 Hour on Weekend)

$5.43 ₫140.6K

$35.01 PAB 35.01

-84.49%

Cinema Ticket

$3.13 ₫81.0K

$8.73 PAB 8.73

-64.15%

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

$161 ₫4.2M

$551 PAB 551

-70.84%

International Primary School, 1 Child (Yearly)

$14.7K ₫380.8M

$9,560 PAB 9,560

53.86%

Jeans (Levis 501 Or Similar)

$45.61 ₫1.2M

$67.6 PAB 67.6

-32.54%

Summer Dress (H&M, Zara, etc)

$27.84 ₫720.8K

$48.03 PAB 48.03

-42.04%

Sport Shoes (Adidas, Nike)

$102 ₫2.6M

$94.9 PAB 94.9

7.32%

Men's Leather Business Shoes

$81.1 ₫2.1M

$113 PAB 113

-28.24%

1-bedroom Apartment, City Center (Monthly)

$516 ₫13.4M

$1,238 PAB 1,238

-58.31%

1-bedroom Apartment, Outside City Center (Monthly)

$341 ₫8.8M

$873 PAB 873

-60.99%

3-bedroom Apartment, City Center (Monthly)

$1,047 ₫27.1M

$2,197 PAB 2,197

-52.36%

3-bedroom Apartment, Outside City Center (Monthly)

$783 ₫20.3M

$1,538 PAB 1,538

-49.12%

Buy Apartment in City Center (m2)

$3,790 ₫98.1M

$3,116 PAB 3,116

21.65%

Buy Apartment Outside City Center (m2)

$1,306 ₫33.8M

$1,725 PAB 1,725

-24.28%

Average Monthly Net Salary (After Tax)

$350 ₫9.1M

$934 PAB 934

-62.51%

20-Year Fixed Mortgage Interest Rate (Annual %)

10.72

6.39

67.76%

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

Last update for Da Nang: October 5, 2026

Last update for Panama City: October 3, 2026

Monthly budget structure

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

Accommodation & Living

Da Nang

$341 39.8%

Panama City

$873 47.2% 156% $533

Groceries & Markets

Da Nang

$200 23.4%

Panama City

$324 17.5% 62% $124

Clothing & Footwear

Da Nang

$115 13.5%

Panama City

$146 7.9% 26.2% $30

Monthly Utilities & Internet

Da Nang

$93 10.8%

Panama City

$207 11.2% 124% $115

Eating Out

Da Nang

$68 8%

Panama City

$202 10.9% 196% $134

Sport & Entertainment

Da Nang

$29 3.4%

Panama City

$64 3.4% 121% $35

Getting Around

Da Nang

$10 1.2%

Panama City

$34 1.8% 232% $24

Cost Breakdown

A central one-bedroom costs $516 in Da Nang versus $1,238 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 run about 167% higher in Panama City, which partly offsets the higher cost of living there. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $20.00 in Da Nang versus $48.00 in Panama City. Monthly groceries follow the same trend: $200 vs $324 – making Da Nang the more affordable choice for daily food spending.

Good to know

🇻🇳 Da Nang

🇵🇦 Panama City

🕒 Local time

13:42 1:42 PM

01:42 1:42 AM

12 h behind Da Nang

🌤 Weather

👥 Population

1,245,200

1,086,990 Capital

💱 Currency

Vietnamese Dong VND ₫

Panamanian Balboa PAB B/.

📈 Exchange rate

100,000 VND = 3.86 USD

100,000 VND = 3.44 EUR

1 PAB = 1 USD

1 PAB = 0.892 EUR

Exchange rates and currency converter

PAB, USD, EUR to VND – Vietnamese Dong Converter

🇺🇸 United States Dollar ($)

🇻🇳 Vietnamese Dong (₫)

Vietnamese Dong exchange rates as of October 10, 2026: 1 USD = 25,889 VND (100,000 VND = 3.86 USD). 1 EUR = 29,037 VND (100,000 VND = 3.44 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 VND in detail →

On the map

Lowest

Highest

Between locations

Da Nang Panama City 17,100 km ≈ 22 h nonstop flight

From you

Da Nang
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

Da Nang vs Panama City: Cost of Living - Frequently Asked Questions

Monthly costs with rent: $844 in Da Nang, $1,837 in Panama City – roughly 118% apart. Outside of rent, the biggest gap is in eating out.

For a comfortable life, plan on about $1,266 per month in Da Nang and $2,756 in Panama City. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Da Nang, especially for central apartments. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

Groceries cost about 62% more in Panama City, though it depends on what you buy. Local produce may be comparable; imported and premium items show the biggest price gap.

A mid-range dinner for two costs $20.00 in Da Nang and $48.00 in Panama City. That's a good indicator of the overall restaurant and café pricing gap between the two cities.

A $2,000 monthly budget goes further in Da Nang, where all-in costs run around $844, than in Panama City at $1,837. In Da Nang it covers expenses comfortably, while in Panama City it requires careful planning or may not stretch far enough.

It depends on your priorities. Panama City has an edge in some lifestyle areas, with costs from $844 in Da Nang to $1,837 in Panama City. Climate, culture, job market, and personal taste all factor in.

Both have safer and rougher neighborhoods, but overall safety is comparable to other large cities. Neighborhood choice matters more than the city-level comparison – central, well-trafficked areas feel secure in both.

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