Last update: Oct 2026

Cost of Living Comparison Between Lima and Panama City, FL

For one person, living is cheaper in Lima: $1,042 a month against $2,281 in Panama City, FL, rent and utilities included – about $14,900 less a year. Rent and utilities account for most of the difference.

50

Cost of Living Index in Lima
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Lima Living Index
109

Cost of Living Index in Panama City, FL
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Panama City, FL Living Index

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Lima

🇵🇪 Peru

$1,042

/mo nomad

Panama City, FL

🇺🇸 United States

$2,281

/mo nomad

Monthly Cost of Living

How much you'll spend in Lima and in Panama City, FL

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Lima and in Panama City, FL actually costs, broken down by who's living it.

Monthly costs for one person with rent: $1,042 in Lima versus $2,281 in Panama City, FL.

Lima $1,042
Panama City, FL $2,281

Estimated couple costs with rent: $1,651 in Lima versus $3,192 in Panama City, FL.

Lima $1,651
Panama City, FL $3,192

Monthly costs for a family of three with rent: $2,259 in Lima versus $4,103 in Panama City, FL.

Lima $2,259
Panama City, FL $4,103

Living in Lima costs roughly 54% less than in Panama City, FL, and outside of rent the biggest gap is in eating out.

The two cities straddle the global median: Lima is 23% below, Panama City, FL is 69% above.

Meal at Budget Restaurant

$4.64 PEN 15.95

$18.45 $18.45

-74.85%

Three-Course Dinner for Two, Mid-Range

$34.34 PEN 118

$54.4 $54.4

-36.85%

Fast Food Meal (McDonalds, etc)

$7.01 PEN 24.12

$11.81 $11.81

-40.64%

Cappuccino

$3.22 PEN 11.09

$5.41 $5.41

-40.48%

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

$1.13 PEN 3.90

$2.95 $2.95

-61.69%

Water (0.33 liter bottle)

$0.61 PEN 2.09

$1.64 $1.64

-62.80%

Local Beer (0.5 liter draught)

$2.93 PEN 10.07

$5.14 $5.14

-43.00%

Imported Beer (0.33 liter bottle)

$4.25 PEN 14.63

$6.85 $6.85

-37.96%

Milk (1 liter)

$1.58 PEN 5.44

$0.83 $0.83

90.36%

White Bread (500g)

$2.61 PEN 8.98

$3.52 $3.52

-25.85%

Rice (white) (1kg)

$1.30 PEN 4.46

$2.73 $2.73

-52.38%

Eggs

$2.92 PEN 10.04

$3.15 $3.15

-7.30%

Local Cheese (1kg)

$9.54 PEN 32.82

$10.62 $10.62

-10.17%

Chicken Fillets (1kg)

$5.71 PEN 19.66

$11.48 $11.48

-50.26%

Beef Round Steak (1kg)

$9.47 PEN 32.57

$14.53 $14.53

-34.82%

Apples (1kg)

$2.01 PEN 6.91

$4.14 $4.14

-51.45%

Banana (1kg)

$1.02 PEN 3.52

$1.52 $1.52

-32.89%

Oranges (1kg)

$1.45 PEN 4.99

$2.72 $2.72

-46.69%

Tomato (1kg)

$1.49 PEN 5.14

$4.18 $4.18

-64.35%

Potato (1kg)

$0.91 PEN 3.14

$3.10 $3.10

-70.65%

Onion (1kg)

$0.89 PEN 3.07

$2.87 $2.87

-68.99%

Lettuce (1 head)

$0.86 PEN 2.97

$2.10 $2.10

-59.05%

Water (1.5 liter bottle)

$0.89 PEN 3.05

$2.21 $2.21

-59.73%

Cigarettes 20 Pack (Marlboro, Camel)

$5.47 PEN 18.83

$9.28 $9.28

-41.06%

Wine (Bottle)

$10.17 PEN 34.99

$11.94 $11.94

-14.82%

Local Beer (0.5 liter bottle)

$1.81 PEN 6.21

$1.68 $1.68

7.74%

Imported Beer (0.33 liter bottle)

$3.15 PEN 10.83

$3.77 $3.77

-16.45%

One-way Ticket (Public Transport)

$0.66 PEN 2.28

$1.47 $1.47

-55.10%

Public Transport Monthly Pass (Regular Price)

$31.89 PEN 110

$34.84 $34.84

-8.47%

Taxi Start (Normal Tariff)

$3.43 PEN 11.79

$2.45 $2.45

40.00%

Taxi (Normal Tariff) (1km)

$1.98 PEN 6.80

$1.51 $1.51

31.13%

Taxi 1hour Waiting (Normal Tariff)

$9.60 PEN 33.03

$26.29 $26.29

-63.48%

Gasoline (1 liter)

$1.71 PEN 5.89

$0.92 $0.92

85.87%

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

$21.9K PEN 75.2K

$27.6K $27.6K

-20.84%

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

$29.0K PEN 99.9K

$26.3K $26.3K

10.23%

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

$65.8 PEN 227

$174 $174

-62.19%

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

$15.26 PEN 52.5

$43.20 $43.20

-64.68%

Internet (50+ Mbps, Unlimited Data)

$26.87 PEN 92.5

$59.7 $59.7

-54.97%

Gym Membership (Monthly)

$32.91 PEN 113

$23.83 $23.83

38.10%

Tennis Court (1 Hour on Weekend)

$20.12 PEN 69.2

Cinema Ticket

$7.12 PEN 24.49

$13.22 $13.22

-46.14%

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

$309 PEN 1,063

$590 $590

-47.62%

International Primary School, 1 Child (Yearly)

$21.4K PEN 73.5K

$11.1K $11.1K

91.49%

Jeans (Levis 501 Or Similar)

$52.0 PEN 179

$48.70 $48.70

6.74%

Summer Dress (H&M, Zara, etc)

$35.69 PEN 123

$39.96 $39.96

-10.69%

Sport Shoes (Adidas, Nike)

$81.8 PEN 281

$84.1 $84.1

-2.79%

Men's Leather Business Shoes

$78.0 PEN 268

$96.5 $96.5

-19.19%

1-bedroom Apartment, City Center (Monthly)

$727 PEN 2,501

$921 $921

-21.04%

1-bedroom Apartment, Outside City Center (Monthly)

$373 PEN 1,284

$1,125 $1,125

-66.84%

3-bedroom Apartment, City Center (Monthly)

$1,249 PEN 4,296

$1,641 $1,641

-23.91%

3-bedroom Apartment, Outside City Center (Monthly)

$739 PEN 2,543

$1,615 $1,615

-54.22%

Buy Apartment in City Center (m2)

$2,380 PEN 8,190

$3,277 $3,277

-27.37%

Buy Apartment Outside City Center (m2)

$1,365 PEN 4,696

$2,762 $2,762

-50.59%

Average Monthly Net Salary (After Tax)

$650 PEN 2,237

$3,957 $3,957

-83.57%

20-Year Fixed Mortgage Interest Rate (Annual %)

8.38

6.57

27.55%

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

Last update for Lima: October 31, 2026

Last update for Panama City, FL: November 2, 2026

Monthly budget structure

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

Accommodation & Living

Lima

$373 35.8%

Panama City, FL

$1.1K 49.3% 202% $752

Groceries & Markets

Lima

$228 21.9%

Panama City, FL

$351 15.4% 54% $123

Eating Out

Lima

$127 12.2%

Panama City, FL

$306 13.4% 141% $179

Clothing & Footwear

Lima

$111 10.7%

Panama City, FL

$121 5.3% 8.8% $9.8

Monthly Utilities & Internet

Lima

$108 10.4%

Panama City, FL

$277 12.1% 157% $169

Getting Around

Lima

$48 4.6%

Panama City, FL

$51 2.2% 6% $2.9

Sport & Entertainment

Lima

$47 4.5%

Panama City, FL

$50 2.2% 6.6% $3.1

Cost Breakdown

A one-bedroom apartment in the center runs $727 in Lima and $921 in Panama City, FL. Housing cost is often the main lever when comparing two cities.

Panama City, FL pays about 6.1 times more on average. How far that income stretches comes down to housing choices and lifestyle.

Dining out: $34 in Lima vs $54 in Panama City, FL for a mid-range dinner for two. Groceries echo the gap at $228 vs $351 per month, with Lima cheaper across the board.

Good to know

🇵🇪 Lima

🇺🇸 Panama City, FL

🕒 Local time

13:56 1:56 PM

12:56 12:56 PM

1 h behind Lima

🌤 Weather

👥 Population

9,989,369 Capital

36,484

💱 Currency

Peruvian Sol PEN S/

United States Dollar USD $

📈 Exchange rate

1 PEN = 0.291 USD

1 PEN = 0.259 EUR

1 USD = 0.89 EUR

Exchange rates and currency converter

USD, EUR to PEN – Peruvian Sol Converter

🇺🇸 United States Dollar ($)

🇵🇪 Peruvian Sol (S/)

Peruvian Sol exchange rates as of November 6, 2026: 1 USD = 3.44 PEN (1 PEN = 0.291 USD). 1 EUR = 3.86 PEN (1 PEN = 0.259 EUR).

United States Dollar exchange rates as of November 6, 2026: 1 EUR = 1.12 USD (1 USD = 0.89 EUR).

USD to PEN in detail →

On the map

Lowest

Highest

Between locations

Lima Panama City, FL 4,780 km ≈ 6 h nonstop flight

From you

Lima
Panama City, FL

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

Lima vs Panama City, FL: Cost of Living - Frequently Asked Questions

Total monthly costs including rent come to $1,042 in Lima and $2,281 in Panama City, FL, so Lima is about 54% cheaper – a gap that matters a lot on a fixed or modest income.

On paper, salaries run 84% lower in Lima. That’s worth factoring in alongside costs, though remote workers earning in a stronger currency may not notice the difference at all.

Rent for a central apartment: $727 in Lima versus $921 in Panama City, FL. Housing is usually the single largest factor when comparing overall living costs between the two.

Childcare runs $309 in Lima versus $590 in Panama City, FL. Over years of preschool, even a modest monthly gap compounds into a major financial factor for families.

Supermarket bills run roughly 54% higher in Panama City, FL. For households that cook at home regularly, that difference adds up over a month.

At $1,042 in Lima versus $2,281 in Panama City, FL, a $2,000 budget is realistic in Lima but tight or insufficient in Panama City, FL. The gap between the two cities makes Lima 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 Lima gentler on the wallet – expenses run 54% less than in Panama City, FL. Beyond cost, consider language, visa policies, and how big the international community is in each city.