Last update: Oct 2026

Cost of Living Comparison Between Lisbon and Panama City, FL

For one person, living is cheaper in Lisbon: $2,210 a month against $2,409 in Panama City, FL, rent and utilities included – about $2,400 less a year. Other living expenses account for most of the difference.

107

Cost of Living Index in Lisbon
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Lisbon Living Index
115

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

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Lisbon

🇵🇹 Portugal

$2,210

/mo nomad

Panama City, FL

🇺🇸 United States

$2,409

/mo nomad

Monthly Cost of Living

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

Monthly costs for one person with rent: $2,210 in Lisbon versus $2,409 in Panama City, FL.

Lisbon $2,210
Panama City, FL $2,409

Estimated couple costs with rent: $3,275 in Lisbon versus $3,287 in Panama City, FL.

Lisbon $3,275
Panama City, FL $3,287

Monthly costs for a family of three with rent: $4,341 in Lisbon versus $4,165 in Panama City, FL.

Lisbon $4,341
Panama City, FL $4,165

Living in Lisbon costs roughly 8% less than in Panama City, FL, and outside of rent the biggest gap is in groceries.

Both cities are pricier than the global median: Lisbon 62% above, Panama City, FL 77% above.

Meal at Budget Restaurant

$16.65 €14.92

$18.74 $18.74

-11.15%

Three-Course Dinner for Two, Mid-Range

$61.7 €55.3

$54.0 $54.0

14.33%

Fast Food Meal (McDonalds, etc)

$11.36 €10.18

$12.11 $12.11

-6.19%

Cappuccino

$2.97 €2.66

$5.60 $5.60

-46.96%

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

$2.29 €2.05

$2.89 $2.89

-20.76%

Water (0.33 liter bottle)

$1.74 €1.56

$1.70 $1.70

2.35%

Local Beer (0.5 liter draught)

$3.40 €3.05

$5.10 $5.10

-33.33%

Imported Beer (0.33 liter bottle)

$3.31 €2.97

$7.12 $7.12

-53.51%

Milk (1 liter)

$1.16 €1.04

$0.90 $0.90

28.89%

White Bread (500g)

$1.91 €1.71

$3.46 $3.46

-44.80%

Rice (white) (1kg)

$1.51 €1.36

$2.66 $2.66

-43.23%

Eggs

$4.02 €3.60

$3.30 $3.30

21.82%

Local Cheese (1kg)

$12.94 €11.59

$10.78 $10.78

20.04%

Chicken Fillets (1kg)

$7.77 €6.97

$11.61 $11.61

-33.07%

Beef Round Steak (1kg)

$17.76 €15.92

$14.64 $14.64

21.31%

Apples (1kg)

$2.30 €2.06

$4.10 $4.10

-43.90%

Banana (1kg)

$1.73 €1.55

$1.49 $1.49

16.11%

Oranges (1kg)

$1.86 €1.66

$2.73 $2.73

-31.87%

Tomato (1kg)

$2.59 €2.32

$4.30 $4.30

-39.77%

Potato (1kg)

$1.82 €1.63

$3.11 $3.11

-41.48%

Onion (1kg)

$1.97 €1.76

$2.84 $2.84

-30.63%

Lettuce (1 head)

$1.47 €1.32

$2.09 $2.09

-29.67%

Water (1.5 liter bottle)

$0.72 €0.65

$2.22 $2.22

-67.57%

Cigarettes 20 Pack (Marlboro, Camel)

$6.58 €5.90

$9.31 $9.31

-29.32%

Wine (Bottle)

$5.61 €5.02

$12.15 $12.15

-53.83%

Local Beer (0.5 liter bottle)

$1.36 €1.22

$1.70 $1.70

-20.00%

Imported Beer (0.33 liter bottle)

$2.14 €1.91

$3.86 $3.86

-44.56%

One-way Ticket (Public Transport)

$2.33 €2.09

$1.46 $1.46

59.59%

Public Transport Monthly Pass (Regular Price)

$44.68 €40.04

$35.52 $35.52

25.79%

Taxi Start (Normal Tariff)

$3.85 €3.45

$2.55 $2.55

50.98%

Taxi (Normal Tariff) (1km)

$1.07 €0.96

$1.51 $1.51

-29.14%

Taxi 1hour Waiting (Normal Tariff)

$16.46 €14.75

$26.17 $26.17

-37.10%

Gasoline (1 liter)

$2.20 €1.97

$0.98 $0.98

124.49%

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

$34.2K €30.6K

$27.5K $27.5K

24.33%

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

$38.7K €34.7K

$25.9K $25.9K

49.23%

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

$161 €144

$169 $169

-4.80%

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

$18.41 €16.50

$44.38 $44.38

-58.52%

Internet (50+ Mbps, Unlimited Data)

$32.74 €29.34

$59.5 $59.5

-45.01%

Gym Membership (Monthly)

$44.55 €39.92

$24.35 $24.35

82.96%

Tennis Court (1 Hour on Weekend)

$19.10 €17.11

Cinema Ticket

$9.60 €8.60

$12.87 $12.87

-25.41%

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

$668 €598

$618 $618

8.06%

International Primary School, 1 Child (Yearly)

$17.6K €15.8K

$13.9K $13.9K

27.15%

Jeans (Levis 501 Or Similar)

$102 €91.4

$48.26 $48.26

111.40%

Summer Dress (H&M, Zara, etc)

$44.46 €39.85

$40.43 $40.43

9.97%

Sport Shoes (Adidas, Nike)

$98.5 €88.3

$84.5 $84.5

16.64%

Men's Leather Business Shoes

$124 €111

$95.9 $95.9

29.01%

1-bedroom Apartment, City Center (Monthly)

$1,608 €1,441

$921 $921

74.61%

1-bedroom Apartment, Outside City Center (Monthly)

$1,190 €1,066

$1,248 $1,248

-4.63%

3-bedroom Apartment, City Center (Monthly)

$2,812 €2,520

$1,673 $1,673

68.11%

3-bedroom Apartment, Outside City Center (Monthly)

$2,013 €1,804

$1,662 $1,662

21.15%

Buy Apartment in City Center (m2)

$7,839 €7,025

$3,269 $3,269

139.80%

Buy Apartment Outside City Center (m2)

$4,576 €4,100

$2,694 $2,694

69.82%

Average Monthly Net Salary (After Tax)

$1,575 €1,411

$3,980 $3,980

-60.43%

20-Year Fixed Mortgage Interest Rate (Annual %)

3.85

6.54

-41.13%

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

Last update for Lisbon: October 27, 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

Lisbon

$1.2K 53.8%

Panama City, FL

$1.2K 51.8% 4.9% $58

Groceries & Markets

Lisbon

$272 12.3%

Panama City, FL

$354 14.7% 30% $82

Eating Out

Lisbon

$243 11%

Panama City, FL

$312 12.9% 28.4% $69

Monthly Utilities & Internet

Lisbon

$212 9.6%

Panama City, FL

$273 11.3% 28.7% $61

Clothing & Footwear

Lisbon

$166 7.5%

Panama City, FL

$121 5% 27% $45

Sport & Entertainment

Lisbon

$64 2.9%

Panama City, FL

$50 2.1% 21.4% $14

Getting Around

Lisbon

$63 2.9%

Panama City, FL

$51 2.1% 18.6% $12

Cost Breakdown

A one-bedroom apartment in the center runs $1,608 in Lisbon and $921 in Panama City, FL. Housing cost is often the main lever when comparing two cities.

Panama City, FL pays about 2.5 times more on average. How far that income stretches comes down to housing choices and lifestyle.

Dining out: $62 in Lisbon vs $54 in Panama City, FL. Groceries flip the comparison at $272 vs $354, with Lisbon cheaper for home cooking.

Good to know

🇵🇹 Lisbon

🇺🇸 Panama City, FL

🕒 Local time

13:05 1:05 PM

08:05 8:05 AM

5 h behind Lisbon

🌤 Weather

👥 Population

545,923 Capital

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

On the map

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Between locations

Lisbon Panama City, FL 6,880 km ≈ 9 h nonstop flight

From you

Lisbon
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

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

Total monthly costs including rent come to $2,210 in Lisbon and $2,409 in Panama City, FL, so Lisbon is about 8% cheaper – a gap that matters a lot on a fixed or modest income.

On paper, salaries run 60% lower in Lisbon. 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: $1,608 in Lisbon versus $921 in Panama City, FL. Housing is usually the single largest factor when comparing overall living costs between the two.

Childcare runs $668 in Lisbon versus $618 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 30% higher in Panama City, FL. For households that cook at home regularly, that difference adds up over a month.

Either city works on $3,000 a month, though Lisbon gives you more room to save. At this income level, the choice is more about lifestyle than financial pressure.

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.

It comes down to priorities – Lisbon wins on affordability, Panama City, FL on earning potential. Factor in climate, language, visa rules, and proximity to places that matter to you before deciding.