Last update: Oct 2026

Cost of Living Comparison Between Hamilton and Panama City

For one person, living is cheaper in Panama City: $1,837 a month against $5,131 in Hamilton, rent and utilities included – about $39,500 less a year. Rent and utilities account for most of the difference.

249

Cost of Living Index in Hamilton
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Hamilton Living Index
90

Cost of Living Index in Panama City
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Panama City Living Index

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Hamilton

🇧🇲 Bermuda

$5,131

/mo nomad

Panama City

🇵🇦 Panama

$1,837

/mo nomad

Monthly Cost of Living

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

A single person spends $5,131 per month in Hamilton vs $1,837 in Panama City, rent included.

Hamilton $5,131
Panama City $1,837

A couple spends around $9,033 per month in Hamilton vs $2,825 in Panama City, rent included.

Hamilton $9,033
Panama City $2,825

A family of three spends $12.9K per month in Hamilton vs $3,812 in Panama City, rent included.

Hamilton $12.9K
Panama City $3,812

Hamilton costs about 179% more than Panama City, and outside of rent the biggest gap is in groceries.

Both Hamilton and Panama City sit above the global median – Hamilton by 283%, Panama City by 37%.

Meal at Budget Restaurant

$49.07 BMD 49.07

$11.34 PAB 11.34

332.72%

Three-Course Dinner for Two, Mid-Range

$153 BMD 153

$47.85 PAB 47.85

219.23%

Fast Food Meal (McDonalds, etc)

$17.07 BMD 17.07

$8.07 PAB 8.07

111.52%

Cappuccino

$6.34 BMD 6.34

$4.02 PAB 4.02

57.71%

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

$2.98 BMD 2.98

$1.94 PAB 1.94

53.61%

Water (0.33 liter bottle)

$3.17 BMD 3.17

$1.62 PAB 1.62

95.68%

Local Beer (0.5 liter draught)

$7.43 BMD 7.43

$3.26 PAB 3.26

127.91%

Imported Beer (0.33 liter bottle)

$9.07 BMD 9.07

$3.99 PAB 3.99

127.32%

Milk (1 liter)

$4.79 BMD 4.79

$1.83 PAB 1.83

161.75%

White Bread (500g)

$8.18 BMD 8.18

$2.57 PAB 2.57

218.29%

Rice (white) (1kg)

$5.45 BMD 5.45

$3.33 PAB 3.33

63.66%

Eggs

$7.23 BMD 7.23

$2.69 PAB 2.69

168.77%

Local Cheese (1kg)

$23.76 BMD 23.76

$12.33 PAB 12.33

92.70%

Chicken Fillets (1kg)

$21.05 BMD 21.05

$6.69 PAB 6.69

214.65%

Beef Round Steak (1kg)

$19.59 BMD 19.59

$10.40 PAB 10.40

88.37%

Apples (1kg)

$8.86 BMD 8.86

$4.16 PAB 4.16

112.98%

Banana (1kg)

$6.75 BMD 6.75

$1.84 PAB 1.84

266.85%

Oranges (1kg)

$7.34 BMD 7.34

$4.18 PAB 4.18

75.60%

Tomato (1kg)

$8.53 BMD 8.53

$4.08 PAB 4.08

109.07%

Potato (1kg)

$5.57 BMD 5.57

$3.50 PAB 3.50

59.14%

Onion (1kg)

$4.11 BMD 4.11

$4.37 PAB 4.37

-5.95%

Lettuce (1 head)

$6.33 BMD 6.33

$2.34 PAB 2.34

170.51%

Water (1.5 liter bottle)

$3.43 BMD 3.43

$1.75 PAB 1.75

96.00%

Cigarettes 20 Pack (Marlboro, Camel)

$17.91 BMD 17.91

$6.06 PAB 6.06

195.54%

Wine (Bottle)

$24.06 BMD 24.06

$11.72 PAB 11.72

105.29%

Local Beer (0.5 liter bottle)

$5.18 BMD 5.18

$1.37 PAB 1.37

278.10%

Imported Beer (0.33 liter bottle)

$4.31 BMD 4.31

$2.84 PAB 2.84

51.76%

One-way Ticket (Public Transport)

$5.14 BMD 5.14

$0.36 PAB 0.36

1327.78%

Public Transport Monthly Pass (Regular Price)

$69.1 BMD 69.1

$20.96 PAB 20.96

229.77%

Taxi Start (Normal Tariff)

$6.39 BMD 6.39

$2.52 PAB 2.52

153.57%

Taxi (Normal Tariff) (1km)

$2.91 BMD 2.91

$1.79 PAB 1.79

62.57%

Taxi 1hour Waiting (Normal Tariff)

$70.7 BMD 70.7

$22.01 PAB 22.01

221.13%

Gasoline (1 liter)

$2.36 BMD 2.36

$1.25 PAB 1.25

88.80%

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

$38.2K BMD 38.2K

$21.5K PAB 21.5K

77.38%

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

$43.3K BMD 43.3K

$21.2K PAB 21.2K

104.27%

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

$293 BMD 293

$131 PAB 131

123.30%

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

$151 BMD 151

$27.68 PAB 27.68

445.23%

Internet (50+ Mbps, Unlimited Data)

$163 BMD 163

$48.59 PAB 48.59

234.78%

Gym Membership (Monthly)

$189 BMD 189

$46.11 PAB 46.11

309.48%

Tennis Court (1 Hour on Weekend)

$14.76 BMD 14.76

$35.01 PAB 35.01

-57.84%

Cinema Ticket

$13.58 BMD 13.58

$8.73 PAB 8.73

55.56%

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

$1,307 BMD 1,307

$551 PAB 551

137.43%

International Primary School, 1 Child (Yearly)

$25.3K BMD 25.3K

$9,560 PAB 9,560

164.90%

Jeans (Levis 501 Or Similar)

$90.1 BMD 90.1

$67.6 PAB 67.6

33.23%

Summer Dress (H&M, Zara, etc)

$70.1 BMD 70.1

$48.03 PAB 48.03

45.85%

Sport Shoes (Adidas, Nike)

$140 BMD 140

$94.9 PAB 94.9

47.76%

Men's Leather Business Shoes

$130 BMD 130

$113 PAB 113

15.06%

1-bedroom Apartment, City Center (Monthly)

$3,943 BMD 3,943

$1,238 PAB 1,238

218.60%

1-bedroom Apartment, Outside City Center (Monthly)

$2,641 BMD 2,641

$873 PAB 873

202.45%

3-bedroom Apartment, City Center (Monthly)

$8,560 BMD 8,560

$2,197 PAB 2,197

289.63%

3-bedroom Apartment, Outside City Center (Monthly)

$7,447 BMD 7,447

$1,538 PAB 1,538

384.10%

Buy Apartment in City Center (m2)

$15.1K BMD 15.1K

$3,116 PAB 3,116

385.55%

Buy Apartment Outside City Center (m2)

$8,947 BMD 8,947

$1,725 PAB 1,725

418.77%

Average Monthly Net Salary (After Tax)

$6,487 BMD 6,487

$934 PAB 934

594.21%

20-Year Fixed Mortgage Interest Rate (Annual %)

8.63

6.39

35.05%

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

Last update for Hamilton: October 4, 2026

Last update for Panama City: October 3, 2026

Monthly budget structure

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

Accommodation & Living

Hamilton

$2.6K 51.6%

Panama City

$873 47.2% 66.9% $1.8K

Groceries & Markets

Hamilton

$747 14.6%

Panama City

$324 17.5% 56.6% $422

Monthly Utilities & Internet

Hamilton

$607 11.9%

Panama City

$207 11.2% 65.8% $399

Eating Out

Hamilton

$600 11.7%

Panama City

$202 10.9% 66.4% $398

Sport & Entertainment

Hamilton

$216 4.2%

Panama City

$64 3.4% 70.6% $152

Clothing & Footwear

Hamilton

$194 3.8%

Panama City

$146 7.9% 24.8% $48

Getting Around

Hamilton

$111 2.2%

Panama City

$34 1.8% 69.4% $77

Cost Breakdown

A central one-bedroom costs $3,943 in Hamilton 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 594% higher in Hamilton, 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 $153 in Hamilton versus $48.00 in Panama City. Monthly groceries follow the same trend: $747 vs $324 – making Panama City the more affordable choice for daily food spending.

Good to know

🇧🇲 Hamilton

🇵🇦 Panama City

🕒 Local time

08:29 8:29 AM

06:29 6:29 AM

2 h behind Hamilton

🌤 Weather

👥 Population

10,000 Capital

1,086,990 Capital

💱 Currency

Bermudian Dollar BMD $

Panamanian Balboa PAB B/.

📈 Exchange rate

1 BMD = 1 USD

1 BMD = 0.892 EUR

1 PAB = 1 USD

1 PAB = 0.892 EUR

Exchange rates and currency converter

PAB, USD, EUR to BMD – Bermudian Dollar Converter

🇺🇸 United States Dollar ($)

🇧🇲 Bermudian Dollar ($)

Bermudian Dollar exchange rates as of October 10, 2026: 1 USD = 1 BMD (1 BMD = 1 USD). 1 EUR = 1.12 BMD (1 BMD = 0.892 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 BMD in detail →

On the map

Lowest

Highest

Between locations

Hamilton Panama City 3,010 km ≈ 4 h 15 min nonstop flight

From you

Hamilton
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

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

Monthly costs with rent: $5,131 in Hamilton, $1,837 in Panama City – roughly 179% apart. Outside of rent, the biggest gap is in groceries.

For a comfortable life, plan on about $7,696 per month in Hamilton 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 Panama City, especially for central apartments. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

A mid-range dinner for two costs $153 in Hamilton and $48.00 in Panama City. That's a good indicator of the overall restaurant and café pricing gap between the two cities.

Monthly expenses with rent come to $5,131 in Hamilton and $1,837 in Panama City. That's a gap of about 179%.

A $2,500 monthly budget goes further in Panama City, where all-in costs run around $1,837, than in Hamilton at $5,131. In Panama City it covers expenses comfortably, while in Hamilton 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 $1,837 in Panama City to $5,131 in Hamilton. 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 Panama City. If higher salaries, better infrastructure, or specific career opportunities are the priority, Hamilton makes more sense. Both are solid long-term options with distinct trade-offs.