Last update: Oct 2026

Cost of Living Comparison Between Lake Oswego, OR and Panama City

For one person, living is cheaper in Panama City: $1,855 a month against $2,466 in Lake Oswego, OR, rent and utilities included – about $7,300 less a year. Rent and utilities account for most of the difference.

119

Cost of Living Index in Lake Oswego, OR
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Lake Oswego, OR Living Index
90

Cost of Living Index in Panama City
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Panama City Living Index

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Lake Oswego, OR

🇺🇸 United States

$2,466

/mo nomad

Panama City

🇵🇦 Panama

$1,855

/mo nomad

Monthly Cost of Living

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

A single person spends $2,466 per month in Lake Oswego, OR vs $1,855 in Panama City, rent included.

Lake Oswego, OR $2,466
Panama City $1,855

A couple spends around $3,653 per month in Lake Oswego, OR vs $2,804 in Panama City, rent included.

Lake Oswego, OR $3,653
Panama City $2,804

A family of three spends $4,840 per month in Lake Oswego, OR vs $3,753 in Panama City, rent included.

Lake Oswego, OR $4,840
Panama City $3,753

Lake Oswego, OR costs about 33% more than Panama City, and outside of rent the biggest gap is in eating out.

Both Lake Oswego, OR and Panama City sit above the global median – Lake Oswego, OR by 83%, Panama City by 37%.

Meal at Budget Restaurant

$21.65 $21.65

$11.63 PAB 11.63

86.16%

Three-Course Dinner for Two, Mid-Range

$88.7 $88.7

$47.92 PAB 47.92

85.12%

Fast Food Meal (McDonalds, etc)

$10.90 $10.90

$7.96 PAB 7.96

36.93%

Cappuccino

$5.79 $5.79

$4.22 PAB 4.22

37.20%

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

$3.05 $3.05

$2.01 PAB 2.01

51.74%

Water (0.33 liter bottle)

$2.02 $2.02

$1.56 PAB 1.56

29.49%

Local Beer (0.5 liter draught)

$6.53 $6.53

$3.39 PAB 3.39

92.63%

Imported Beer (0.33 liter bottle)

$5.86 $5.86

$3.94 PAB 3.94

48.73%

Milk (1 liter)

$1.03 $1.03

$1.85 PAB 1.85

-44.32%

White Bread (500g)

$3.99 $3.99

$2.56 PAB 2.56

55.86%

Rice (white) (1kg)

$5.38 $5.38

$3.48 PAB 3.48

54.60%

Eggs

$4.35 $4.35

$2.69 PAB 2.69

61.71%

Local Cheese (1kg)

$11.10 $11.10

$12.57 PAB 12.57

-11.69%

Chicken Fillets (1kg)

$10.53 $10.53

$6.83 PAB 6.83

54.17%

Beef Round Steak (1kg)

$17.40 $17.40

$10.58 PAB 10.58

64.46%

Apples (1kg)

$3.69 $3.69

$4.18 PAB 4.18

-11.72%

Banana (1kg)

$1.50 $1.50

$1.83 PAB 1.83

-18.03%

Oranges (1kg)

$2.79 $2.79

$4.20 PAB 4.20

-33.57%

Tomato (1kg)

$2.57 $2.57

$4.03 PAB 4.03

-36.23%

Potato (1kg)

$2.13 $2.13

$3.48 PAB 3.48

-38.79%

Onion (1kg)

$1.79 $1.79

$4.22 PAB 4.22

-57.58%

Lettuce (1 head)

$1.93 $1.93

$2.41 PAB 2.41

-19.92%

Water (1.5 liter bottle)

$1.78 $1.78

$1.69 PAB 1.69

5.33%

Cigarettes 20 Pack (Marlboro, Camel)

$11.14 $11.14

$6.14 PAB 6.14

81.43%

Wine (Bottle)

$10.95 $10.95

$11.30 PAB 11.30

-3.10%

Local Beer (0.5 liter bottle)

$1.76 $1.76

$1.42 PAB 1.42

23.94%

Imported Beer (0.33 liter bottle)

$3.61 $3.61

$2.73 PAB 2.73

32.23%

One-way Ticket (Public Transport)

$1.98 $1.98

$0.33 PAB 0.33

500.00%

Public Transport Monthly Pass (Regular Price)

$21.23 PAB 21.23

Taxi Start (Normal Tariff)

$4.51 $4.51

$2.52 PAB 2.52

78.97%

Taxi (Normal Tariff) (1km)

$0.74 $0.74

$1.86 PAB 1.86

-60.22%

Taxi 1hour Waiting (Normal Tariff)

$23.86 $23.86

$21.78 PAB 21.78

9.55%

Gasoline (1 liter)

$1.25 $1.25

$1.25 PAB 1.25

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

$34.1K $34.1K

$21.2K PAB 21.2K

60.52%

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

$24.2K $24.2K

$21.0K PAB 21.0K

15.28%

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

$151 $151

$130 PAB 130

15.95%

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

$46.45 $46.45

$28.13 PAB 28.13

65.13%

Internet (50+ Mbps, Unlimited Data)

$63.5 $63.5

$48.21 PAB 48.21

31.67%

Gym Membership (Monthly)

$42.10 $42.10

$45.78 PAB 45.78

-8.04%

Tennis Court (1 Hour on Weekend)

$34.92 PAB 34.92

Cinema Ticket

$14.83 $14.83

$8.67 PAB 8.67

71.05%

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

$1,352 $1,352

$544 PAB 544

148.34%

International Primary School, 1 Child (Yearly)

$12.1K $12.1K

$9,697 PAB 9,697

25.02%

Jeans (Levis 501 Or Similar)

$40.20 $40.20

$66.8 PAB 66.8

-39.78%

Summer Dress (H&M, Zara, etc)

$30.33 $30.33

$49.14 PAB 49.14

-38.28%

Sport Shoes (Adidas, Nike)

$85.9 $85.9

$93.9 PAB 93.9

-8.46%

Men's Leather Business Shoes

$83.9 $83.9

$112 PAB 112

-24.75%

1-bedroom Apartment, City Center (Monthly)

$1,586 $1,586

$1,257 PAB 1,257

26.21%

1-bedroom Apartment, Outside City Center (Monthly)

$1,313 $1,313

$875 PAB 875

50.10%

3-bedroom Apartment, City Center (Monthly)

$2,506 $2,506

$2,155 PAB 2,155

16.28%

3-bedroom Apartment, Outside City Center (Monthly)

$2,165 $2,165

$1,564 PAB 1,564

38.45%

Buy Apartment in City Center (m2)

$2,743 $2,743

$3,122 PAB 3,122

-12.13%

Buy Apartment Outside City Center (m2)

$2,429 $2,429

$1,709 PAB 1,709

42.13%

Average Monthly Net Salary (After Tax)

$916 PAB 916

20-Year Fixed Mortgage Interest Rate (Annual %)

6.67

6.39

4.38%

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

Last update for Lake Oswego, OR: 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

Lake Oswego, OR

$1.3K 53.3%

Panama City

$875 47.2% 33.4% $438

Groceries & Markets

Lake Oswego, OR

$356 14.4%

Panama City

$325 17.5% 8.6% $31

Eating Out

Lake Oswego, OR

$340 13.8%

Panama City

$207 11.1% 39.2% $133

Monthly Utilities & Internet

Lake Oswego, OR

$260 10.6%

Panama City

$206 11.1% 20.8% $54

Clothing & Footwear

Lake Oswego, OR

$108 4.4%

Panama City

$145 7.8% 33.7% $36

Sport & Entertainment

Lake Oswego, OR

$72 2.9%

Panama City

$63 3.4% 12.1% $8.7

Getting Around

Lake Oswego, OR

$16 * 0.7%

Panama City

$34 1.9% 113% $18

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

Cost Breakdown

A central one-bedroom costs $1,586 in Lake Oswego, OR 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.

A mid-range dinner for two costs $89.0 in Lake Oswego, OR versus $48.00 in Panama City. Monthly groceries follow the same trend: $356 vs $325 – making Panama City the more affordable choice for daily food spending.

Good to know

🇺🇸 Lake Oswego, OR

🇵🇦 Panama City

🕒 Local time

09:02 9:02 AM

11:02 11:02 AM

2 h ahead of Lake Oswego, OR

🌤 Weather

👥 Population

40,731

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

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Highest

Between locations

Lake Oswego, OR Panama City 5,770 km ≈ 8 h nonstop flight

From you

Lake Oswego, OR
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

Lake Oswego, OR vs Panama City: Cost of Living - Frequently Asked Questions

Yes – Lake Oswego, OR is pricier by about 33%, and outside of rent the gap shows up most in eating out.

For a comfortable life, plan on about $3,698 per month in Lake Oswego, OR 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 Panama City, 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 $2,466 in Lake Oswego, OR and $1,855 in Panama City. That's a gap of about 33%.

Kindergarten costs $1,352 per month in Lake Oswego, OR and $544 in Panama City. For families with young kids, this one expense can tip the scales when choosing between the two cities.

A $2,500 monthly budget goes further in Panama City, where all-in costs run around $1,855, than in Lake Oswego, OR at $2,466. In Panama City it covers expenses comfortably, while in Lake Oswego, OR it requires careful planning or may not stretch far enough.

Families tend to lean toward Panama City – lower housing and cheaper childcare make a real difference, especially on a single income or when paying for private education.

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