Last update: Oct 2026

Cost of Living Comparison Between Henderson, NV and Panama City

For one person, living is cheaper in Panama City: $1,855 a month against $2,981 in Henderson, NV, rent and utilities included – about $13,500 less a year. Rent and utilities account for most of the difference.

146

Cost of Living Index in Henderson, NV
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Henderson, NV Living Index
90

Cost of Living Index in Panama City
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Panama City Living Index

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Henderson, NV

🇺🇸 United States

$2,981

/mo nomad

Panama City

🇵🇦 Panama

$1,855

/mo nomad

Monthly Cost of Living

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

Monthly costs for one person with rent: $2,981 in Henderson, NV versus $1,855 in Panama City.

Henderson, NV $2,981
Panama City $1,855

Estimated couple costs with rent: $4,333 in Henderson, NV versus $2,804 in Panama City.

Henderson, NV $4,333
Panama City $2,804

Monthly costs for a family of three with rent: $5,685 in Henderson, NV versus $3,753 in Panama City.

Henderson, NV $5,685
Panama City $3,753

Living in Henderson, NV is roughly 61% 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: Henderson, NV 121% above, Panama City 37% above.

Meal at Budget Restaurant

$19.78 $19.78

$11.63 PAB 11.63

70.08%

Three-Course Dinner for Two, Mid-Range

$66.3 $66.3

$47.92 PAB 47.92

38.38%

Fast Food Meal (McDonalds, etc)

$10.04 $10.04

$7.96 PAB 7.96

26.13%

Cappuccino

$4.85 $4.85

$4.22 PAB 4.22

14.93%

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

$2.66 $2.66

$2.01 PAB 2.01

32.34%

Water (0.33 liter bottle)

$1.92 $1.92

$1.56 PAB 1.56

23.08%

Local Beer (0.5 liter draught)

$7.13 $7.13

$3.39 PAB 3.39

110.32%

Imported Beer (0.33 liter bottle)

$5.98 $5.98

$3.94 PAB 3.94

51.78%

Milk (1 liter)

$1.26 $1.26

$1.85 PAB 1.85

-31.89%

White Bread (500g)

$3.51 $3.51

$2.56 PAB 2.56

37.11%

Rice (white) (1kg)

$2.99 $2.99

$3.48 PAB 3.48

-14.08%

Eggs

$3.67 $3.67

$2.69 PAB 2.69

36.43%

Local Cheese (1kg)

$9.76 $9.76

$12.57 PAB 12.57

-22.35%

Chicken Fillets (1kg)

$7.62 $7.62

$6.83 PAB 6.83

11.57%

Beef Round Steak (1kg)

$12.71 $12.71

$10.58 PAB 10.58

20.13%

Apples (1kg)

$4.57 $4.57

$4.18 PAB 4.18

9.33%

Banana (1kg)

$1.63 $1.63

$1.83 PAB 1.83

-10.93%

Oranges (1kg)

$8.08 $8.08

$4.20 PAB 4.20

92.38%

Tomato (1kg)

$4.34 $4.34

$4.03 PAB 4.03

7.69%

Potato (1kg)

$3.46 $3.46

$3.48 PAB 3.48

-0.57%

Onion (1kg)

$1.32 $1.32

$4.22 PAB 4.22

-68.72%

Lettuce (1 head)

$1.78 $1.78

$2.41 PAB 2.41

-26.14%

Water (1.5 liter bottle)

$1.52 $1.52

$1.69 PAB 1.69

-10.06%

Cigarettes 20 Pack (Marlboro, Camel)

$8.82 $8.82

$6.14 PAB 6.14

43.65%

Wine (Bottle)

$14.26 $14.26

$11.30 PAB 11.30

26.19%

Local Beer (0.5 liter bottle)

$1.74 $1.74

$1.42 PAB 1.42

22.54%

Imported Beer (0.33 liter bottle)

$1.56 $1.56

$2.73 PAB 2.73

-42.86%

One-way Ticket (Public Transport)

$2.77 $2.77

$0.33 PAB 0.33

739.39%

Public Transport Monthly Pass (Regular Price)

$63.9 $63.9

$21.23 PAB 21.23

200.80%

Taxi Start (Normal Tariff)

$3.57 $3.57

$2.52 PAB 2.52

41.67%

Taxi (Normal Tariff) (1km)

$1.86 PAB 1.86

Taxi 1hour Waiting (Normal Tariff)

$39.46 $39.46

$21.78 PAB 21.78

81.18%

Gasoline (1 liter)

$1.29 $1.29

$1.25 PAB 1.25

3.20%

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

$33.5K $33.5K

$21.2K PAB 21.2K

57.69%

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

$24.9K $24.9K

$21.0K PAB 21.0K

18.51%

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

$226 $226

$130 PAB 130

74.38%

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

$45.30 $45.30

$28.13 PAB 28.13

61.04%

Internet (50+ Mbps, Unlimited Data)

$65.9 $65.9

$48.21 PAB 48.21

36.69%

Gym Membership (Monthly)

$23.31 $23.31

$45.78 PAB 45.78

-49.08%

Tennis Court (1 Hour on Weekend)

$39.53 $39.53

$34.92 PAB 34.92

13.20%

Cinema Ticket

$10.78 $10.78

$8.67 PAB 8.67

24.34%

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

$1,081 $1,081

$544 PAB 544

98.63%

International Primary School, 1 Child (Yearly)

$17.8K $17.8K

$9,697 PAB 9,697

83.43%

Jeans (Levis 501 Or Similar)

$55.3 $55.3

$66.8 PAB 66.8

-17.17%

Summer Dress (H&M, Zara, etc)

$24.55 $24.55

$49.14 PAB 49.14

-50.04%

Sport Shoes (Adidas, Nike)

$85.8 $85.8

$93.9 PAB 93.9

-8.57%

Men's Leather Business Shoes

$94.2 $94.2

$112 PAB 112

-15.60%

1-bedroom Apartment, City Center (Monthly)

$1,620 $1,620

$1,257 PAB 1,257

28.85%

1-bedroom Apartment, Outside City Center (Monthly)

$1,745 $1,745

$875 PAB 875

99.46%

3-bedroom Apartment, City Center (Monthly)

$2,801 $2,801

$2,155 PAB 2,155

29.96%

3-bedroom Apartment, Outside City Center (Monthly)

$2,995 $2,995

$1,564 PAB 1,564

91.51%

Buy Apartment in City Center (m2)

$2,906 $2,906

$3,122 PAB 3,122

-6.92%

Buy Apartment Outside City Center (m2)

$2,792 $2,792

$1,709 PAB 1,709

63.32%

Average Monthly Net Salary (After Tax)

$4,511 $4,511

$916 PAB 916

392.50%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.52

6.39

2.03%

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

Last update for Henderson, NV: October 12, 2026

Last update for Panama City: October 10, 2026

Monthly budget structure

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

Accommodation & Living

Henderson, NV

$1.7K 58.6%

Panama City

$875 47.2% 49.9% $870

Groceries & Markets

Henderson, NV

$345 11.6%

Panama City

$325 17.5% 5.8% $20

Monthly Utilities & Internet

Henderson, NV

$338 11.3%

Panama City

$206 11.1% 38.9% $131

Eating Out

Henderson, NV

$313 10.5%

Panama City

$207 11.1% 33.9% $106

Clothing & Footwear

Henderson, NV

$117 3.9%

Panama City

$145 7.8% 23.7% $28

Getting Around

Henderson, NV

$79 * 2.6%

Panama City

$34 1.9% 56.2% $44

Sport & Entertainment

Henderson, NV

$45 1.5%

Panama City

$63 3.4% 40.7% $18

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

Cost Breakdown

A one-bedroom apartment in the center runs $1,620 in Henderson, NV and $1,257 in Panama City. Housing cost is often the main lever when comparing two cities.

Henderson, NV pays 392% 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: $66.0 in Henderson, NV vs $48.00 in Panama City for a mid-range dinner for two. Groceries echo the gap at $345 vs $325 per month, with Panama City cheaper across the board.

Good to know

🇺🇸 Henderson, NV

🇵🇦 Panama City

🕒 Local time

20:20 8:20 PM

22:20 10:20 PM

2 h ahead of Henderson, NV

🌤 Weather

👥 Population

337,305

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 19, 2026: 1 EUR = 1.12 USD (1 USD = 0.89 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).

PAB to USD in detail →

On the map

Lowest

Highest

Between locations

Henderson, NV Panama City 4,680 km ≈ 6 h nonstop flight

From you

Henderson, NV
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

Henderson, NV vs Panama City: Cost of Living - Frequently Asked Questions

Henderson, NV and Panama City differ by about 61% in total monthly costs ($2,981 vs $1,855 including rent). Panama City is meaningfully more affordable – a gap that matters a lot on a fixed or modest income.

Average pay runs 392% higher in Henderson, NV, 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: $1,620 in Henderson, NV versus $1,257 in Panama City. Housing is usually the single largest factor when comparing overall living costs between the two.

Supermarket bills run roughly 6% higher in Henderson, NV. For households that cook at home regularly, that difference adds up over a month.

Dining out is cheaper in Panama City – a meal for two runs $48.00 versus $66.0 in Henderson, NV. If you eat out regularly, this makes a real dent in your monthly spending.

At $1,855 in Panama City versus $2,981 in Henderson, NV, a $2,500 budget is realistic in Panama City but tight or insufficient in Henderson, NV. The gap between the two cities makes Panama City the clear choice for anyone on this budget.

Both cities offer a good standard of living with different trade-offs. Neither is objectively better – the right pick depends on what matters most: affordability, career, cultural scene, or climate.

Expats usually find Panama City gentler on the wallet – expenses run 61% less than in Henderson, NV. Beyond cost, consider language, visa policies, and how big the international community is in each city.