Last update: Oct 2026

Cost of Living Comparison Between Gilbert, AZ and Panama City

For one person, living is cheaper in Panama City: $1,857 a month against $2,781 in Gilbert, AZ, rent and utilities included – about $11,100 less a year. Rent and utilities account for most of the difference.

133

Cost of Living Index in Gilbert, AZ
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Gilbert, AZ Living Index
90

Cost of Living Index in Panama City
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Panama City Living Index

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Gilbert, AZ

🇺🇸 United States

$2,781

/mo nomad

Panama City

🇵🇦 Panama

$1,857

/mo nomad

Monthly Cost of Living

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

Monthly costs for one person with rent: $2,781 in Gilbert, AZ versus $1,857 in Panama City.

Gilbert, AZ $2,781
Panama City $1,857

Estimated couple costs with rent: $3,931 in Gilbert, AZ versus $2,815 in Panama City.

Gilbert, AZ $3,931
Panama City $2,815

Monthly costs for a family of three with rent: $5,082 in Gilbert, AZ versus $3,773 in Panama City.

Gilbert, AZ $5,082
Panama City $3,773

Living in Gilbert, AZ is roughly 50% more expensive than in Panama City, and outside of rent the biggest gap is in eating out.

Both cities are pricier than the global median: Gilbert, AZ 105% above, Panama City 37% above.

Meal at Budget Restaurant

$19.72 $19.72

$11.68 PAB 11.68

68.84%

Three-Course Dinner for Two, Mid-Range

$76.2 $76.2

$47.76 PAB 47.76

59.63%

Fast Food Meal (McDonalds, etc)

$11.32 $11.32

$8.12 PAB 8.12

39.41%

Cappuccino

$4.95 $4.95

$4.23 PAB 4.23

17.02%

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

$2.66 $2.66

$1.92 PAB 1.92

38.54%

Water (0.33 liter bottle)

$1.72 $1.72

$1.58 PAB 1.58

8.86%

Local Beer (0.5 liter draught)

$6.36 $6.36

$3.31 PAB 3.31

92.15%

Imported Beer (0.33 liter bottle)

$6.31 $6.31

$3.98 PAB 3.98

58.54%

Milk (1 liter)

$1.01 $1.01

$1.92 PAB 1.92

-47.40%

White Bread (500g)

$3.34 $3.34

$2.63 PAB 2.63

27.00%

Rice (white) (1kg)

$5.23 $5.23

$3.39 PAB 3.39

54.28%

Eggs

$3.76 $3.76

$2.67 PAB 2.67

40.82%

Local Cheese (1kg)

$11.83 $11.83

$12.21 PAB 12.21

-3.11%

Chicken Fillets (1kg)

$11.05 $11.05

$6.91 PAB 6.91

59.91%

Beef Round Steak (1kg)

$13.38 $13.38

$10.58 PAB 10.58

26.47%

Apples (1kg)

$4.49 $4.49

$4.16 PAB 4.16

7.93%

Banana (1kg)

$1.97 $1.97

$1.97 PAB 1.97

Oranges (1kg)

$3.93 $3.93

$4.06 PAB 4.06

-3.20%

Tomato (1kg)

$4.21 $4.21

$4.18 PAB 4.18

0.72%

Potato (1kg)

$2.54 $2.54

$3.47 PAB 3.47

-26.80%

Onion (1kg)

$1.84 $1.84

$4.26 PAB 4.26

-56.81%

Lettuce (1 head)

$1.96 $1.96

$2.44 PAB 2.44

-19.67%

Water (1.5 liter bottle)

$2.15 $2.15

$1.69 PAB 1.69

27.22%

Cigarettes 20 Pack (Marlboro, Camel)

$10.37 $10.37

$5.83 PAB 5.83

77.87%

Wine (Bottle)

$13.74 $13.74

$11.43 PAB 11.43

20.21%

Local Beer (0.5 liter bottle)

$2.12 $2.12

$1.38 PAB 1.38

53.62%

Imported Beer (0.33 liter bottle)

$3.32 $3.32

$2.76 PAB 2.76

20.29%

One-way Ticket (Public Transport)

$0.98 $0.98

$0.33 PAB 0.33

196.97%

Public Transport Monthly Pass (Regular Price)

$32.52 $32.52

$20.63 PAB 20.63

57.63%

Taxi Start (Normal Tariff)

$2.72 $2.72

$2.55 PAB 2.55

6.67%

Taxi (Normal Tariff) (1km)

$1.40 $1.40

$1.78 PAB 1.78

-21.35%

Taxi 1hour Waiting (Normal Tariff)

$36.46 $36.46

$22.17 PAB 22.17

64.46%

Gasoline (1 liter)

$0.98 $0.98

$1.24 PAB 1.24

-20.97%

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

$36.2K $36.2K

$24.4K PAB 24.4K

48.50%

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

$26.7K $26.7K

$21.3K PAB 21.3K

25.56%

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

$183 $183

$131 PAB 131

39.58%

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

$62.6 $62.6

$27.83 PAB 27.83

124.90%

Internet (50+ Mbps, Unlimited Data)

$73.1 $73.1

$49.32 PAB 49.32

48.28%

Gym Membership (Monthly)

$60.8 $60.8

$45.69 PAB 45.69

33.09%

Tennis Court (1 Hour on Weekend)

$34.10 PAB 34.10

Cinema Ticket

$11.96 $11.96

$8.47 PAB 8.47

41.20%

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

$708 $708

$553 PAB 553

27.91%

International Primary School, 1 Child (Yearly)

$15.6K $15.6K

$9,719 PAB 9,719

60.90%

Jeans (Levis 501 Or Similar)

$50.4 $50.4

$66.4 PAB 66.4

-24.14%

Summer Dress (H&M, Zara, etc)

$44.03 $44.03

$47.39 PAB 47.39

-7.09%

Sport Shoes (Adidas, Nike)

$89.0 $89.0

$95.7 PAB 95.7

-6.95%

Men's Leather Business Shoes

$116 $116

$113 PAB 113

2.63%

1-bedroom Apartment, City Center (Monthly)

$1,726 $1,726

$1,322 PAB 1,322

30.54%

1-bedroom Apartment, Outside City Center (Monthly)

$1,512 $1,512

$874 PAB 874

72.94%

3-bedroom Apartment, City Center (Monthly)

$2,827 $2,827

$2,153 PAB 2,153

31.30%

3-bedroom Apartment, Outside City Center (Monthly)

$2,282 $2,282

$1,580 PAB 1,580

44.38%

Buy Apartment in City Center (m2)

$5,296 $5,296

$3,097 PAB 3,097

70.96%

Buy Apartment Outside City Center (m2)

$4,683 $4,683

$1,698 PAB 1,698

175.80%

Average Monthly Net Salary (After Tax)

$5,336 $5,336

$914 PAB 914

483.91%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.44

6.39

0.78%

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

Last update for Gilbert, AZ: October 20, 2026

Last update for Panama City: October 20, 2026

Monthly budget structure

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

Accommodation & Living

Gilbert, AZ

$1.5K 54.4%

Panama City

$874 47.1% 42.2% $638

Groceries & Markets

Gilbert, AZ

$371 13.3%

Panama City

$327 17.6% 12% $44

Monthly Utilities & Internet

Gilbert, AZ

$319 11.5%

Panama City

$208 11.2% 34.7% $111

Eating Out

Gilbert, AZ

$313 11.3%

Panama City

$207 11.2% 33.9% $106

Clothing & Footwear

Gilbert, AZ

$135 4.8%

Panama City

$145 7.8% 7.7% $10

Sport & Entertainment

Gilbert, AZ

$85 3.1%

Panama City

$63 3.4% 26.1% $22

Getting Around

Gilbert, AZ

$46 1.7%

Panama City

$33 1.8% 27.6% $13

Cost Breakdown

A one-bedroom apartment in the center runs $1,726 in Gilbert, AZ and $1,322 in Panama City. Housing cost is often the main lever when comparing two cities.

Gilbert, AZ pays 484% more on average. The extra income cushions the higher costs, though housing choices and lifestyle decide how much of the gap is truly closed.

Dining out: $76.0 in Gilbert, AZ vs $48.00 in Panama City for a mid-range dinner for two. Groceries echo the gap at $371 vs $327 per month, with Panama City cheaper across the board.

Good to know

🇺🇸 Gilbert, AZ

🇵🇦 Panama City

🕒 Local time

05:27 5:27 AM

07:27 7:27 AM

2 h ahead of Gilbert, AZ

🌤 Weather

👥 Population

208,453

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 October 20, 2026: 1 EUR = 1.12 USD (1 USD = 0.89 EUR).

Panamanian Balboa exchange rates as of October 20, 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

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Between locations

Gilbert, AZ Panama City 4,270 km ≈ 6 h nonstop flight

From you

Gilbert, AZ
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

Gilbert, AZ vs Panama City: Cost of Living - Frequently Asked Questions

Panama City wins on cost – living expenses run 50% lower than in Gilbert, AZ. Housing and daily spending are where you'll feel the difference most, making Panama City the obvious pick if budget is a priority.

Average pay runs 484% higher in Gilbert, AZ, 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: $1,726 in Gilbert, AZ versus $1,322 in Panama City. Housing is usually the single largest factor when comparing overall living costs between the two.

Dining out is cheaper in Panama City – a meal for two runs $48.00 versus $76.0 in Gilbert, AZ. If you eat out regularly, this makes a real dent in your monthly spending.

All in, you'll spend $2,781 per month in Gilbert, AZ versus $1,857 in Panama City – a 50% gap that adds up to real savings over time for anyone picking the cheaper option.

At $1,857 in Panama City versus $2,781 in Gilbert, AZ, a $2,500 budget is realistic in Panama City but tight or insufficient in Gilbert, AZ. The gap between the two cities makes Panama City the clear choice for anyone on this budget.

Both work as nomad bases, but Panama City delivers better value – similar infrastructure at $1,857 monthly. If stretching your runway or maximizing savings is the goal, the price difference makes Panama City hard to pass up.

Expats usually find Panama City gentler on the wallet – expenses run 50% less than in Gilbert, AZ. Beyond cost, consider language, visa policies, and how big the international community is in each city.