Last update: Oct 2026

Cost of Living Comparison Between Lisbon and Panama

For one person, living is cheaper in Panama: $1,604 a month against $2,203 in Lisbon, rent and utilities included – about $7,200 less a year. Rent and utilities account for most of the difference.

Jump to prices
Lisbon
🇵🇹 Portugal
$2,203
/mo nomad
🇵🇦 Panama
$1,604
/mo nomad
😐 Solo nomad: Lisbon is 11.1% more expensive than Panama without rent, and 37.3% more expensive with rent.
😐 Family of 3: Lisbon is 16% more expensive than Panama without rent, and 29.3% more expensive with rent.
Currency
🍽 Eating Out
Lisbon
Panama
Difference
Meal at Budget Restaurant
$17.01 €15.18
$7.86 PAB 7.86
116.41%
Three-Course Dinner for Two, Mid-Range
$62.7 €56.0
$44.75 PAB 44.75
40.09%
Fast Food Meal (McDonalds, etc)
$11.42 €10.19
$7.89 PAB 7.89
44.74%
Cappuccino
$3.09 €2.76
$3.84 PAB 3.84
-19.53%
Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)
$2.37 €2.11
$1.59 PAB 1.59
49.06%
Water (0.33 liter bottle)
$1.66 €1.48
$1.41 PAB 1.41
17.73%
Local Beer (0.5 liter draught)
$3.46 €3.09
$2.19 PAB 2.19
57.99%
Imported Beer (0.33 liter bottle)
$3.29 €2.93
$4.04 PAB 4.04
-18.56%
🛒 Groceries & Markets
Lisbon
Panama
Difference
Milk (1 liter)
$1.17 €1.04
$1.85 PAB 1.85
-36.76%
White Bread (500g)
$1.87 €1.66
$2.32 PAB 2.32
-19.40%
Rice (white) (1kg)
$1.52 €1.36
$2.99 PAB 2.99
-49.16%
Eggs
$3.88 €3.46
$2.48 PAB 2.48
56.45%
Local Cheese (1kg)
$12.87 €11.49
$12.28 PAB 12.28
4.80%
Chicken Fillets (1kg)
$7.94 €7.08
$6.94 PAB 6.94
14.41%
Beef Round Steak (1kg)
$17.63 €15.73
$10.11 PAB 10.11
74.38%
Apples (1kg)
$2.26 €2.01
$4.18 PAB 4.18
-45.93%
Banana (1kg)
$1.76 €1.57
$1.48 PAB 1.48
18.92%
Oranges (1kg)
$1.88 €1.68
$3.65 PAB 3.65
-48.49%
Tomato (1kg)
$2.47 €2.20
$3.73 PAB 3.73
-33.78%
Potato (1kg)
$1.86 €1.66
$2.50 PAB 2.50
-25.60%
Onion (1kg)
$2.07 €1.85
$3.29 PAB 3.29
-37.08%
Lettuce (1 head)
$1.39 €1.24
$2.34 PAB 2.34
-40.60%
Water (1.5 liter bottle)
$0.81 €0.73
$1.57 PAB 1.57
-48.41%
Cigarettes 20 Pack (Marlboro, Camel)
$6.89 €6.15
$6.08 PAB 6.08
13.32%
Wine (Bottle)
$5.53 €4.93
$9.88 PAB 9.88
-44.03%
Local Beer (0.5 liter bottle)
$1.33 €1.19
$1.39 PAB 1.39
-4.32%
Imported Beer (0.33 liter bottle)
$2.17 €1.93
$2.42 PAB 2.42
-10.33%
🚌 Getting Around
Lisbon
Panama
Difference
One-way Ticket (Public Transport)
$2.24 €2.00
$0.43 PAB 0.43
420.93%
Public Transport Monthly Pass (Regular Price)
$45.14 €40.29
$20.96 PAB 20.96
115.36%
Taxi Start (Normal Tariff)
$4.00 €3.57
$2.43 PAB 2.43
64.61%
Taxi (Normal Tariff) (1km)
$1.07 €0.95
$1.82 PAB 1.82
-41.21%
Taxi 1hour Waiting (Normal Tariff)
$16.53 €14.75
$21.79 PAB 21.79
-24.14%
Gasoline (1 liter)
$2.26 €2.02
$1.18 PAB 1.18
91.53%
Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)
$33.5K €29.9K
$21.5K PAB 21.5K
55.92%
Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)
$40.5K €36.1K
$22.2K PAB 22.2K
82.39%
🧾 Monthly Utilities & Internet
Lisbon
Panama
Difference
Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)
$164 €146
$119 PAB 119
37.47%
SIM Card Monthly Plan (Calls and 10GB+ Data)
$18.54 €16.55
$27.03 PAB 27.03
-31.41%
Internet (50+ Mbps, Unlimited Data)
$33.21 €29.64
$47.70 PAB 47.70
-30.38%
🎉 Sport & Entertainment
Lisbon
Panama
Difference
Gym Membership (Monthly)
$46.01 €41.06
$48.94 PAB 48.94
-5.99%
Tennis Court (1 Hour on Weekend)
$18.80 €16.78
$30.16 PAB 30.16
-37.67%
Cinema Ticket
$9.47 €8.45
$7.84 PAB 7.84
20.79%
🧸 Childcare & Education
Lisbon
Panama
Difference
Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)
$690 €615
$536 PAB 536
28.75%
International Primary School, 1 Child (Yearly)
$16.9K €15.0K
$8,069 PAB 8,069
108.99%
👕👟 Clothing & Footwear
Lisbon
Panama
Difference
Jeans (Levis 501 Or Similar)
$105 €93.4
$53.5 PAB 53.5
95.66%
Summer Dress (H&M, Zara, etc)
$45.27 €40.40
$42.77 PAB 42.77
5.85%
Sport Shoes (Adidas, Nike)
$99.0 €88.3
$87.4 PAB 87.4
13.23%
Men's Leather Business Shoes
$124 €111
$103 PAB 103
19.92%
🏠 Accommodation & Living
Lisbon
Panama
Difference
1-bedroom Apartment, City Center (Monthly)
$1,583 €1,413
$944 PAB 944
67.65%
1-bedroom Apartment, Outside City Center (Monthly)
$1,209 €1,079
$697 PAB 697
73.58%
3-bedroom Apartment, City Center (Monthly)
$2,833 €2,528
$1,728 PAB 1,728
63.99%
3-bedroom Apartment, Outside City Center (Monthly)
$1,964 €1,753
$1,262 PAB 1,262
55.58%
Buy Apartment in City Center (m2)
$7,643 €6,821
$2,941 PAB 2,941
159.84%
Buy Apartment Outside City Center (m2)
$4,431 €3,954
$1,673 PAB 1,673
164.84%
💵 Salaries & Financials
Lisbon
Panama
Difference
Average Monthly Net Salary (After Tax)
$1,573 €1,403
$826 PAB 826
90.49%
20-Year Fixed Mortgage Interest Rate (Annual %)
3.79
6.37
-40.50%

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

Last update for Lisbon: October 4, 2026

Last update for Panama: October 5, 2026

Monthly budget structure
Share of the monthly basket for one person, rent included.
Accommodation & Living
Lisbon
$1.2K
Panama
$697 42.4% $513
Groceries & Markets
Lisbon
$272
Panama
$302 11.1% $30
Eating Out
Lisbon
$247
Panama
$164 33.9% $84
Monthly Utilities & Internet
Lisbon
$215
Panama
$194 10% $22
Clothing & Footwear
Lisbon
$168
Panama
$129 23% $39
Sport & Entertainment
Lisbon
$65
Panama
$65 0.5% $0.3
Getting Around
Lisbon
$63
Panama
$34 46.1% $29
Good to know
🇵🇹 Lisbon
🇵🇦 Panama
🕒 Local time
12:13 12:13 PM
06:13 6:13 AM
6 h behind Lisbon
🌤 Weather
👥 Population
545,923 Capital
4,098,587
💱 Currency
Euro EUR €
Panamanian Balboa PAB B/.
📈 Exchange rate
1 EUR = 1.12 USD
1 PAB = 1 USD
1 PAB = 0.892 EUR
Exchange rates and currency converter

PAB, USD to EUR – Euro Converter

Euro exchange rates as of October 10, 2026: 1 USD = 0.892 EUR (1 EUR = 1.12 USD).

Panamanian Balboa exchange rates as of October 10, 2026: 1 USD = 1 PAB (1 PAB = 1 USD). 1 EUR = 1.12 PAB (1 PAB = 0.892 EUR).

USD to EUR in detail →
On the map
Between locations
  • Lisbon Panama 7,690 km ≈ 10 h nonstop flight
From you
  • Lisbon
  • Panama

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 other spots: cost of living compared

Lisbon
🇵🇹 Portugal
$2,203
/mo nomad
Bangkok
🇹🇭 Thailand
$1,144
/mo nomad
Lisbon
🇵🇹 Portugal
$2,203
/mo nomad
Cape Town
🇿🇦 South Africa
$1,568
/mo nomad
Lisbon
🇵🇹 Portugal
$2,203
/mo nomad
Porto
🇵🇹 Portugal
$1,946
/mo nomad
Lisbon
🇵🇹 Portugal
$2,203
/mo nomad
Medellin
🇨🇴 Colombia
$1,589
/mo nomad
Show more

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