Last update: Oct 2026

Cost of Living Comparison Between Limassol and Panama City, FL

For one person, living is cheaper in Panama City, FL: $2,409 a month against $2,773 in Limassol, rent and utilities included – about $4,400 less a year. Rent and utilities account for most of the difference.

132

Cost of Living Index in Limassol
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Limassol Living Index
115

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

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Limassol

🇨🇾 Cyprus

$2,773

/mo nomad

Panama City, FL

🇺🇸 United States

$2,409

/mo nomad

Monthly Cost of Living

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

A single person spends $2,773 per month in Limassol vs $2,409 in Panama City, FL, rent included.

Limassol $2,773
Panama City, FL $2,409

A couple spends around $3,941 per month in Limassol vs $3,287 in Panama City, FL, rent included.

Limassol $3,941
Panama City, FL $3,287

A family of three spends $5,110 per month in Limassol vs $4,165 in Panama City, FL, rent included.

Limassol $5,110
Panama City, FL $4,165

Limassol costs about 15% more than Panama City, FL, and outside of rent the biggest gap is in leisure.

Both Limassol and Panama City, FL sit above the global median – Limassol by 104%, Panama City, FL by 77%.

Meal at Budget Restaurant

$22.56 €20.22

$18.74 $18.74

20.38%

Three-Course Dinner for Two, Mid-Range

$78.6 €70.4

$54.0 $54.0

45.48%

Fast Food Meal (McDonalds, etc)

$9.43 €8.45

$12.11 $12.11

-22.13%

Cappuccino

$3.93 €3.52

$5.60 $5.60

-29.82%

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

$1.96 €1.76

$2.89 $2.89

-32.18%

Water (0.33 liter bottle)

$1.27 €1.14

$1.70 $1.70

-25.29%

Local Beer (0.5 liter draught)

$5.38 €4.82

$5.10 $5.10

5.49%

Imported Beer (0.33 liter bottle)

$5.64 €5.05

$7.12 $7.12

-20.79%

Milk (1 liter)

$1.89 €1.70

$0.90 $0.90

110.00%

White Bread (500g)

$2.51 €2.25

$3.46 $3.46

-27.46%

Rice (white) (1kg)

$3.12 €2.79

$2.66 $2.66

17.29%

Eggs

$4.67 €4.19

$3.30 $3.30

41.52%

Local Cheese (1kg)

$13.45 €12.06

$10.78 $10.78

24.77%

Chicken Fillets (1kg)

$9.98 €8.95

$11.61 $11.61

-14.04%

Beef Round Steak (1kg)

$13.95 €12.50

$14.64 $14.64

-4.71%

Apples (1kg)

$3.41 €3.05

$4.10 $4.10

-16.83%

Banana (1kg)

$2.36 €2.11

$1.49 $1.49

58.39%

Oranges (1kg)

$2.87 €2.57

$2.73 $2.73

5.13%

Tomato (1kg)

$3.65 €3.27

$4.30 $4.30

-15.12%

Potato (1kg)

$1.99 €1.78

$3.11 $3.11

-36.01%

Onion (1kg)

$1.55 €1.39

$2.84 $2.84

-45.42%

Lettuce (1 head)

$1.25 €1.12

$2.09 $2.09

-40.19%

Water (1.5 liter bottle)

$1.10 €0.99

$2.22 $2.22

-50.45%

Cigarettes 20 Pack (Marlboro, Camel)

$6.67 €5.98

$9.31 $9.31

-28.36%

Wine (Bottle)

$8.92 €8.00

$12.15 $12.15

-26.58%

Local Beer (0.5 liter bottle)

$1.81 €1.62

$1.70 $1.70

6.47%

Imported Beer (0.33 liter bottle)

$2.79 €2.50

$3.86 $3.86

-27.72%

One-way Ticket (Public Transport)

$2.31 €2.07

$1.46 $1.46

58.22%

Public Transport Monthly Pass (Regular Price)

$49.30 €44.18

$35.52 $35.52

38.80%

Taxi Start (Normal Tariff)

$10.10 €9.05

$2.55 $2.55

296.08%

Taxi (Normal Tariff) (1km)

$2.18 €1.95

$1.51 $1.51

44.37%

Taxi 1hour Waiting (Normal Tariff)

$67.9 €60.9

$26.17 $26.17

159.46%

Gasoline (1 liter)

$1.77 €1.59

$0.98 $0.98

80.61%

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

$31.0K €27.8K

$27.5K $27.5K

12.89%

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

$31.0K €27.7K

$25.9K $25.9K

19.27%

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

$239 €214

$169 $169

41.01%

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

$21.05 €18.86

$44.38 $44.38

-52.57%

Internet (50+ Mbps, Unlimited Data)

$33.09 €29.65

$59.5 $59.5

-44.42%

Gym Membership (Monthly)

$89.9 €80.6

$24.35 $24.35

269.28%

Tennis Court (1 Hour on Weekend)

$35.44 €31.76

Cinema Ticket

$13.49 €12.09

$12.87 $12.87

4.82%

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

$678 €608

$618 $618

9.72%

International Primary School, 1 Child (Yearly)

$10.6K €9,458

$13.9K $13.9K

-23.82%

Jeans (Levis 501 Or Similar)

$97.3 €87.2

$48.26 $48.26

101.62%

Summer Dress (H&M, Zara, etc)

$51.7 €46.28

$40.43 $40.43

27.75%

Sport Shoes (Adidas, Nike)

$108 €96.5

$84.5 $84.5

27.53%

Men's Leather Business Shoes

$113 €101

$95.9 $95.9

17.74%

1-bedroom Apartment, City Center (Monthly)

$1,634 €1,464

$921 $921

77.42%

1-bedroom Apartment, Outside City Center (Monthly)

$1,482 €1,328

$1,248 $1,248

18.80%

3-bedroom Apartment, City Center (Monthly)

$2,796 €2,506

$1,673 $1,673

67.16%

3-bedroom Apartment, Outside City Center (Monthly)

$2,201 €1,973

$1,662 $1,662

32.46%

Buy Apartment in City Center (m2)

$5,504 €4,932

$3,269 $3,269

68.36%

Buy Apartment Outside City Center (m2)

$4,194 €3,759

$2,694 $2,694

55.67%

Average Monthly Net Salary (After Tax)

$2,563 €2,297

$3,980 $3,980

-35.59%

20-Year Fixed Mortgage Interest Rate (Annual %)

3.93

6.54

-39.91%

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

Last update for Limassol: October 25, 2026

Last update for Panama City, FL: October 27, 2026

Monthly budget structure

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

Accommodation & Living

Limassol

$1.5K 53.5%

Panama City, FL

$1.2K 51.8% 15.8% $235

Groceries & Markets

Limassol

$328 11.8%

Panama City, FL

$354 14.7% 8% $26

Eating Out

Limassol

$307 11.1%

Panama City, FL

$312 12.9% 1.5% $4.5

Monthly Utilities & Internet

Limassol

$293 10.6%

Panama City, FL

$273 11.3% 6.7% $20

Clothing & Footwear

Limassol

$166 6%

Panama City, FL

$121 5% 27.2% $45

Sport & Entertainment

Limassol

$117 4.2%

Panama City, FL

$50 2.1% 57.2% $67

Getting Around

Limassol

$80 2.9%

Panama City, FL

$51 2.1% 35.3% $28

Cost Breakdown

A central one-bedroom costs $1,634 in Limassol versus $921 in Panama City, FL. 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 55% higher in Panama City, FL, which reinforces the cost advantage – you earn more and spend less. Purchasing power leans clearly in its favor.

A mid-range dinner for two costs $79 in Limassol versus $54 in Panama City, FL. Groceries tell a different story – $328 in Limassol vs $354 in Panama City, FL – so Limassol wins on supermarket bills even if dining out costs more.

Good to know

🇨🇾 Limassol

🇺🇸 Panama City, FL

🕒 Local time

15:05 3:05 PM

08:05 8:05 AM

7 h behind Limassol

🌤 Weather

👥 Population

101,000

36,484

💱 Currency

Euro EUR €

United States Dollar USD $

📈 Exchange rate

1 EUR = 1.12 USD

1 USD = 0.896 EUR

Exchange rates and currency converter

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Limassol Panama City, FL 10,360 km ≈ 13 h nonstop flight

From you

Limassol
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

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

Yes – Limassol is pricier by about 15%, and outside of rent the gap shows up most in leisure.

For a comfortable life, plan on about $4,159 per month in Limassol and $3,614 in Panama City, FL. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Panama City, FL, especially for central apartments: a one-bedroom in the center costs $921 there versus $1,634 in Limassol.

Kindergarten costs $678 per month in Limassol and $618 in Panama City, FL. For families with young kids, this one expense can tip the scales when choosing between the two cities.

Interestingly, groceries are about 7% cheaper in Limassol – one category where the pricier city actually offers better value.

$2,000 is a stretch for both – monthly costs hit $2,773 in Limassol and $2,409 in Panama City, FL. You’ll need shared housing and careful budgeting no matter which city you pick.

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