Cost of Living Comparison Between Lisbon and Panama City, FL Cost of Living Comparison Between Lisbon and Panama City, FL

Monthly Cost of Living

Monthly costs for one person with rent: $2,291 in Lisbon versus $2,748 in Panama City, FL.

Estimated couple costs with rent: $3,322 in Lisbon versus $3,572 in Panama City, FL.

Monthly costs for a family of three with rent: $4,354 in Lisbon versus $4,396 in Panama City, FL.

Living in Lisbon costs roughly 17% less than in Panama City, FL, driven mainly by Getting Around.

Both cities are pricier than the global median: Lisbon 71% above, Panama City, FL 106% above.

Meal at Budget Restaurant

$16.19 €14.18

$19.04 $19.04

-14.97%

Three-Course Dinner for Two, Mid-Range

$63.3 €55.5

$54.7 $54.7

15.69%

Fast Food Meal (McDonalds, etc)

$10.32 €9.04

$10.53 $10.53

-1.99%

Cappuccino

$2.83 €2.48

$4.77 $4.77

-40.67%

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

$2.29 €2.01

$2.66 $2.66

-13.91%

Water (0.33 liter bottle)

$1.58 €1.38

$2.14 $2.14

-26.17%

Local Beer (0.5 liter draught)

$3.40 €2.98

$4.90 $4.90

-30.61%

Imported Beer (0.33 liter bottle)

$4.03 €3.53

$6.72 $6.72

-40.03%

Milk (1 liter)

$1.09 €0.96

$0.92 $0.92

18.48%

White Bread (500g)

$1.75 €1.53

$3.34 $3.34

-47.60%

Rice (white) (1kg)

$1.76 €1.54

$2.60 $2.60

-32.31%

Eggs

$3.17 €2.77

$3.13 $3.13

1.28%

Local Cheese (1kg)

$13.19 €11.56

$10.80 $10.80

22.13%

Chicken Fillets (1kg)

$7.97 €6.98

$11.34 $11.34

-29.72%

Beef Round Steak (1kg)

$15.53 €13.60

$14.88 $14.88

4.37%

Apples (1kg)

$2.37 €2.07

$3.50 $3.50

-32.29%

Banana (1kg)

$1.71 €1.49

$1.59 $1.59

7.55%

Oranges (1kg)

$2.01 €1.76

$2.89 $2.89

-30.45%

Tomato (1kg)

$2.43 €2.13

$4.22 $4.22

-42.42%

Potato (1kg)

$1.76 €1.54

$3.18 $3.18

-44.65%

Onion (1kg)

$2.03 €1.78

$2.81 $2.81

-27.76%

Lettuce (1 head)

$1.92 €1.68

$2.11 $2.11

-9.00%

Water (1.5 liter bottle)

$0.85 €0.74

$2.04 $2.04

-58.33%

Cigarettes 20 Pack (Marlboro, Camel)

$6.58 €5.76

$7.89 $7.89

-16.60%

Wine (Bottle)

$5.58 €4.89

$13.63 $13.63

-59.06%

Local Beer (0.5 liter bottle)

$1.33 €1.17

$1.77 $1.77

-24.86%

Imported Beer (0.33 liter bottle)

$2.97 €2.60

$2.98 $2.98

-0.34%

One-way Ticket (Public Transport)

$2.28 €1.99

$1.49 $1.49

53.02%

Public Transport Monthly Pass (Regular Price)

$45.79 €40.10

$133 $133

-65.54%

Taxi Start (Normal Tariff)

$4.23 €3.70

$2.56 $2.56

65.23%

Taxi (Normal Tariff) (1km)

$0.81 €0.71

$1.59 $1.59

-49.06%

Taxi 1hour Waiting (Normal Tariff)

$18.44 €16.15

$25.89 $25.89

-28.78%

Gasoline (1 liter)

$2.08 €1.82

$0.86 $0.86

141.86%

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

$34.7K €30.4K

$22.9K $22.9K

51.56%

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

$39.2K €34.3K

$24.2K $24.2K

61.61%

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

$148 €130

$221 $221

-33.10%

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

$20.46 €17.92

$43.77 $43.77

-53.26%

Internet (50+ Mbps, Unlimited Data)

$39.56 €34.64

$67.9 $67.9

-41.76%

Gym Membership (Monthly)

$47.99 €42.03

$39.58 $39.58

21.25%

Tennis Court (1 Hour on Weekend)

$18.60 €16.29

Cinema Ticket

$9.22 €8.08

$13.24 $13.24

-30.36%

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

$616 €540

$526 $526

17.17%

International Primary School, 1 Child (Yearly)

$16.4K €14.4K

$7,846 $7,846

109.53%

Jeans (Levis 501 Or Similar)

$103 €90.0

$39.63 $39.63

159.15%

Summer Dress (H&M, Zara, etc)

$41.74 €36.55

$43.16 $43.16

-3.29%

Sport Shoes (Adidas, Nike)

$94.8 €83.0

$60.1 $60.1

57.58%

Men's Leather Business Shoes

$122 €107

$76.0 $76.0

60.47%

1-bedroom Apartment, City Center (Monthly)

$1,633 €1,430

$1,680 $1,680

-2.84%

1-bedroom Apartment, Outside City Center (Monthly)

$1,232 €1,079

$1,524 $1,524

-19.14%

3-bedroom Apartment, City Center (Monthly)

$3,098 €2,713

$2,314 $2,314

33.88%

3-bedroom Apartment, Outside City Center (Monthly)

$2,031 €1,779

$1,744 $1,744

16.46%

Buy Apartment in City Center (m2)

$7,831 €6,858

$3,679 $3,679

112.83%

Buy Apartment Outside City Center (m2)

$4,389 €3,844

$3,719 $3,719

18.01%

Average Monthly Net Salary (After Tax)

$1,607 €1,408

$4,069 $4,069

-60.50%

20-Year Fixed Mortgage Interest Rate (Annual %)

3.81

6.43

-40.75%

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

Last update for Lisbon: July 14, 2026

Last update for Panama City, FL: July 12, 2026

Cost Breakdown

A one-bedroom apartment in the center runs $1,633 in Lisbon and $1,680 in Panama City, FL. Housing cost is often the main lever when comparing two cities.

Panama City, FL pays 153% 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: $63.0 in Lisbon vs $55.0 in Panama City, FL. Groceries flip the comparison at $267 vs $349, with Lisbon cheaper for home cooking.

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

Lisbon and Panama City, FL differ by about 20% in total monthly costs ($2,291 vs $2,748 including rent). Lisbon is meaningfully more affordable – a gap that matters a lot on a fixed or modest income.

On paper, salaries run 153% lower in Panama City, FL. 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: $1,633 in Lisbon versus $1,680 in Panama City, FL. Housing is usually the single largest factor when comparing overall living costs between the two.

Childcare runs $616 in Lisbon versus $526 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 31% higher in Panama City, FL. For households that cook at home regularly, that difference adds up over a month.

Both cities are expensive relative to $3,000. Lisbon is the more realistic option, but even there you'll need to be disciplined with housing, food, and fun money.

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.

Safety-wise, Lisbon and Panama City, FL are on par. Petty crime is typical for cities this size, and most residents feel comfortable going about their daily routines in either place.

Expats usually find Lisbon gentler on the wallet – expenses run 20% less than in Panama City, FL. Beyond cost, consider language, visa policies, and how big the international community is in each city.