Last update: Oct 2026

Cost of Living Comparison Between Florida and Panama City

For one person, living is cheaper in Florida: $1,273 a month against $1,855 in Panama City, rent and utilities included – about $7,000 less a year. Rent and utilities account for most of the difference.

62

Cost of Living Index in Florida
Learn more

Florida Living Index
90

Cost of Living Index in Panama City
Learn more

Panama City Living Index

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Florida

🇺🇾 Uruguay

$1,273

/mo nomad

Panama City

🇵🇦 Panama

$1,855

/mo nomad

Monthly Cost of Living

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

A single person spends $1,273 per month in Florida vs $1,855 in Panama City, rent included.

Florida $1,273
Panama City $1,855

A couple spends around $1,939 per month in Florida vs $2,804 in Panama City, rent included.

Florida $1,939
Panama City $2,804

A family of three spends $2,606 per month in Florida vs $3,753 in Panama City, rent included.

Florida $2,606
Panama City $3,753

Florida is about 31% cheaper than Panama City, and outside of rent the biggest gap is in clothing.

Florida sits 6% below the global median, while Panama City is 37% above – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$12.75 UYU 512

$11.63 PAB 11.63

9.63%

Three-Course Dinner for Two, Mid-Range

$42.81 UYU 1,718

$47.92 PAB 47.92

-10.66%

Fast Food Meal (McDonalds, etc)

$13.60 UYU 546

$7.96 PAB 7.96

70.85%

Cappuccino

$4.80 UYU 193

$4.22 PAB 4.22

13.74%

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

$2.35 UYU 94.2

$2.01 PAB 2.01

16.92%

Water (0.33 liter bottle)

$2.21 UYU 88.6

$1.56 PAB 1.56

41.67%

Local Beer (0.5 liter draught)

$2.91 UYU 117

$3.39 PAB 3.39

-14.16%

Imported Beer (0.33 liter bottle)

$3.58 UYU 144

$3.94 PAB 3.94

-9.14%

Milk (1 liter)

$1.05 UYU 42.16

$1.85 PAB 1.85

-43.24%

White Bread (500g)

$2.65 UYU 106

$2.56 PAB 2.56

3.52%

Rice (white) (1kg)

$1.75 UYU 70.2

$3.48 PAB 3.48

-49.71%

Eggs

$3.34 UYU 134

$2.69 PAB 2.69

24.16%

Local Cheese (1kg)

$11.96 UYU 480

$12.57 PAB 12.57

-4.85%

Chicken Fillets (1kg)

$11.64 UYU 467

$6.83 PAB 6.83

70.42%

Beef Round Steak (1kg)

$11.71 UYU 470

$10.58 PAB 10.58

10.68%

Apples (1kg)

$2.94 UYU 118

$4.18 PAB 4.18

-29.67%

Banana (1kg)

$3.32 UYU 133

$1.83 PAB 1.83

81.42%

Oranges (1kg)

$2.18 UYU 87.6

$4.20 PAB 4.20

-48.10%

Tomato (1kg)

$4.08 UYU 164

$4.03 PAB 4.03

1.24%

Potato (1kg)

$2.09 UYU 83.8

$3.48 PAB 3.48

-39.94%

Onion (1kg)

$2.05 UYU 82.3

$4.22 PAB 4.22

-51.42%

Lettuce (1 head)

$1.54 UYU 61.8

$2.41 PAB 2.41

-36.10%

Water (1.5 liter bottle)

$1.89 UYU 75.7

$1.69 PAB 1.69

11.83%

Cigarettes 20 Pack (Marlboro, Camel)

$9.91 UYU 398

$6.14 PAB 6.14

61.40%

Wine (Bottle)

$8.10 UYU 325

$11.30 PAB 11.30

-28.32%

Local Beer (0.5 liter bottle)

$3.08 UYU 124

$1.42 PAB 1.42

116.90%

Imported Beer (0.33 liter bottle)

$3.33 UYU 134

$2.73 PAB 2.73

21.98%

One-way Ticket (Public Transport)

$0.33 PAB 0.33

Public Transport Monthly Pass (Regular Price)

$21.23 PAB 21.23

Taxi Start (Normal Tariff)

$3.56 UYU 143

$2.52 PAB 2.52

41.27%

Taxi (Normal Tariff) (1km)

$3.51 UYU 141

$1.86 PAB 1.86

88.71%

Taxi 1hour Waiting (Normal Tariff)

$10.03 UYU 402

$21.78 PAB 21.78

-53.95%

Gasoline (1 liter)

$1.79 UYU 71.9

$1.25 PAB 1.25

43.20%

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

$35.6K UYU 1.4M

$21.2K PAB 21.2K

67.43%

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

$39.4K UYU 1.6M

$21.0K PAB 21.0K

87.53%

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

$114 UYU 4,588

$130 PAB 130

-11.95%

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

$23.69 UYU 951

$28.13 PAB 28.13

-15.78%

Internet (50+ Mbps, Unlimited Data)

$47.45 UYU 1,904

$48.21 PAB 48.21

-1.58%

Gym Membership (Monthly)

$43.81 UYU 1,758

$45.78 PAB 45.78

-4.30%

Tennis Court (1 Hour on Weekend)

$34.92 PAB 34.92

Cinema Ticket

$7.34 UYU 295

$8.67 PAB 8.67

-15.34%

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

$489 UYU 19.6K

$544 PAB 544

-10.20%

International Primary School, 1 Child (Yearly)

$6,635 UYU 266.3K

$9,697 PAB 9,697

-31.58%

Jeans (Levis 501 Or Similar)

$44.11 UYU 1,770

$66.8 PAB 66.8

-33.92%

Summer Dress (H&M, Zara, etc)

$37.56 UYU 1,508

$49.14 PAB 49.14

-23.57%

Sport Shoes (Adidas, Nike)

$72.9 UYU 2,927

$93.9 PAB 93.9

-22.28%

Men's Leather Business Shoes

$85.5 UYU 3,433

$112 PAB 112

-23.33%

1-bedroom Apartment, City Center (Monthly)

$503 UYU 20.2K

$1,257 PAB 1,257

-60.01%

1-bedroom Apartment, Outside City Center (Monthly)

$332 UYU 13.3K

$875 PAB 875

-62.08%

3-bedroom Apartment, City Center (Monthly)

$865 UYU 34.7K

$2,155 PAB 2,155

-59.84%

3-bedroom Apartment, Outside City Center (Monthly)

$552 UYU 22.2K

$1,564 PAB 1,564

-64.71%

Buy Apartment in City Center (m2)

$3,122 PAB 3,122

Buy Apartment Outside City Center (m2)

$1,709 PAB 1,709

Average Monthly Net Salary (After Tax)

$794 UYU 31.9K

$916 PAB 916

-13.30%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.39

134.74%

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

Last update for Florida: October 10, 2026

Last update for Panama City: October 10, 2026

Monthly budget structure

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

Accommodation & Living

Florida

$332 26.1%

Panama City

$875 47.2% 164% $543

Groceries & Markets

Florida

$328 25.7%

Panama City

$325 17.5% 0.8% $2.6

Eating Out

Florida

$240 18.9%

Panama City

$207 11.1% 14% $34

Monthly Utilities & Internet

Florida

$185 14.6%

Panama City

$206 11.1% 11.2% $21

Clothing & Footwear

Florida

$108 8.5%

Panama City

$145 7.8% 33.8% $37

Sport & Entertainment

Florida

$58 4.6%

Panama City

$63 3.4% 7.9% $4.6

Getting Around

Florida

$21 * 1.7%

Panama City

$34 1.9% 63% $13

Categories marked with * are only partly priced – their share counts the items that do have prices.

Cost Breakdown

A central one-bedroom costs $503 in Florida versus $1,257 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 15% 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 $43.00 in Florida versus $48.00 in Panama City. Groceries tell a different story – $328 in Florida vs $325 in Panama City – so Panama City wins on supermarket bills even if dining out costs more.

Good to know

🇺🇾 Florida

🇵🇦 Panama City

🕒 Local time

21:03 9:03 PM

19:03 7:03 PM

2 h behind Florida

🌤 Weather

👥 Population

33,640

1,086,990 Capital

💱 Currency

Uruguayan Peso UYU $U

Panamanian Balboa PAB B/.

📈 Exchange rate

100 UYU = 2.49 USD

100 UYU = 2.22 EUR

1 PAB = 1 USD

1 PAB = 0.89 EUR

Exchange rates and currency converter

PAB, USD, EUR to UYU – Uruguayan Peso Converter

🇺🇸 United States Dollar ($)

🇺🇾 Uruguayan Peso ($U)

Uruguayan Peso exchange rates as of October 19, 2026: 1 USD = 40.14 UYU (100 UYU = 2.49 USD). 1 EUR = 45.12 UYU (100 UYU = 2.22 EUR).

Panamanian Balboa exchange rates as of October 19, 2026: 1 USD = 1 PAB (1 PAB = 1 USD). 1 EUR = 1.12 PAB (1 PAB = 0.89 EUR).

USD to UYU in detail →

On the map

Lowest

Highest

Between locations

Florida Panama City 5,380 km ≈ 7 h nonstop flight

From you

Florida
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

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

Monthly costs with rent: $1,273 in Florida, $1,855 in Panama City – roughly 46% apart. Outside of rent, the biggest gap is in clothing.

For a comfortable life, plan on about $1,910 per month in Florida and $2,783 in Panama City. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

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

Monthly expenses with rent come to $1,273 in Florida and $1,855 in Panama City. That's a gap of about 46%.

Kindergarten costs $489 per month in Florida and $544 in Panama City. For families with young kids, this one expense can tip the scales when choosing between the two cities.

A $2,000 monthly budget goes further in Florida, where all-in costs run around $1,273, than in Panama City at $1,855. In Florida 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 $1,273 in Florida to $1,855 in Panama City. Climate, culture, job market, and personal taste all factor in.

If budget matters most, go with Florida. 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.