Last update: Oct 2026

Cost of Living Comparison Between Medford, OR and Panama City

For one person, living is cheaper in Panama City: $1,932 a month against $2,476 in Medford, OR, rent and utilities included – about $6,500 less a year. Rent and utilities account for about half of the difference.

119

Cost of Living Index in Medford, OR
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Medford, OR Living Index
94

Cost of Living Index in Panama City
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Panama City Living Index

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Medford, OR

🇺🇸 United States

$2,476

/mo nomad

Panama City

🇵🇦 Panama

$1,932

/mo nomad

Monthly Cost of Living

How much you'll spend in Medford, OR and in Panama City

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

Monthly costs for one person with rent: $2,476 in Medford, OR versus $1,932 in Panama City.

Medford, OR $2,476
Panama City $1,932

Estimated couple costs with rent: $3,565 in Medford, OR versus $2,887 in Panama City.

Medford, OR $3,565
Panama City $2,887

Monthly costs for a family of three with rent: $4,653 in Medford, OR versus $3,841 in Panama City.

Medford, OR $4,653
Panama City $3,841

Living in Medford, OR is roughly 28% more expensive than in Panama City, and outside of rent the biggest gap is in groceries.

Both cities are pricier than the global median: Medford, OR 82% above, Panama City 42% above.

Meal at Budget Restaurant

$19.96 $19.96

$11.72 PAB 11.72

70.31%

Three-Course Dinner for Two, Mid-Range

$62.8 $62.8

$46.74 PAB 46.74

34.38%

Fast Food Meal (McDonalds, etc)

$10.41 $10.41

$7.98 PAB 7.98

30.45%

Cappuccino

$4.73 $4.73

$4.18 PAB 4.18

13.16%

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

$2.44 $2.44

$1.95 PAB 1.95

25.13%

Water (0.33 liter bottle)

$1.50 $1.50

$1.64 PAB 1.64

-8.54%

Local Beer (0.5 liter draught)

$5.92 $5.92

$3.26 PAB 3.26

81.60%

Imported Beer (0.33 liter bottle)

$6.29 $6.29

$3.90 PAB 3.90

61.28%

Milk (1 liter)

$1.17 $1.17

$1.91 PAB 1.91

-38.74%

White Bread (500g)

$3.18 $3.18

$2.54 PAB 2.54

25.20%

Rice (white) (1kg)

$8.27 $8.27

$3.37 PAB 3.37

145.40%

Eggs

$4.19 $4.19

$2.82 PAB 2.82

48.58%

Local Cheese (1kg)

$21.31 $21.31

$12.60 PAB 12.60

69.13%

Chicken Fillets (1kg)

$10.17 $10.17

$6.71 PAB 6.71

51.56%

Beef Round Steak (1kg)

$15.30 $15.30

$10.53 PAB 10.53

45.30%

Apples (1kg)

$4.13 $4.13

$4.04 PAB 4.04

2.23%

Banana (1kg)

$1.58 $1.58

$1.94 PAB 1.94

-18.56%

Oranges (1kg)

$5.30 $5.30

$4.25 PAB 4.25

24.71%

Tomato (1kg)

$5.11 $5.11

$4.18 PAB 4.18

22.25%

Potato (1kg)

$2.85 $2.85

$3.32 PAB 3.32

-14.16%

Onion (1kg)

$2.90 $2.90

$4.34 PAB 4.34

-33.18%

Lettuce (1 head)

$2.65 $2.65

$2.40 PAB 2.40

10.42%

Water (1.5 liter bottle)

$3.18 $3.18

$1.71 PAB 1.71

85.96%

Cigarettes 20 Pack (Marlboro, Camel)

$11.08 $11.08

$6.05 PAB 6.05

83.14%

Wine (Bottle)

$13.38 $13.38

$11.38 PAB 11.38

17.57%

Local Beer (0.5 liter bottle)

$1.75 $1.75

$1.36 PAB 1.36

28.68%

Imported Beer (0.33 liter bottle)

$3.40 $3.40

$2.80 PAB 2.80

21.43%

One-way Ticket (Public Transport)

$1.98 $1.98

$0.34 PAB 0.34

482.35%

Public Transport Monthly Pass (Regular Price)

$47.17 $47.17

$21.28 PAB 21.28

121.66%

Taxi Start (Normal Tariff)

$2.86 $2.86

$2.43 PAB 2.43

17.70%

Taxi (Normal Tariff) (1km)

$2.43 $2.43

$1.85 PAB 1.85

31.35%

Taxi 1hour Waiting (Normal Tariff)

$44.52 $44.52

$21.77 PAB 21.77

104.50%

Gasoline (1 liter)

$1.22 $1.22

$1.20 PAB 1.20

1.67%

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

$28.4K $28.4K

$24.8K PAB 24.8K

14.55%

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

$23.8K $23.8K

$21.2K PAB 21.2K

12.07%

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

$203 $203

$132 PAB 132

52.97%

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

$70.2 $70.2

$28.34 PAB 28.34

147.60%

Internet (50+ Mbps, Unlimited Data)

$77.6 $77.6

$48.88 PAB 48.88

58.82%

Gym Membership (Monthly)

$17.33 $17.33

$43.02 PAB 43.02

-59.72%

Tennis Court (1 Hour on Weekend)

$34.94 PAB 34.94

Cinema Ticket

$11.60 $11.60

$8.43 PAB 8.43

37.60%

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

$1,022 $1,022

$545 PAB 545

87.43%

International Primary School, 1 Child (Yearly)

$8,159 $8,159

$9,648 PAB 9,648

-15.44%

Jeans (Levis 501 Or Similar)

$57.9 $57.9

$65.8 PAB 65.8

-11.99%

Summer Dress (H&M, Zara, etc)

$38.84 $38.84

$47.25 PAB 47.25

-17.80%

Sport Shoes (Adidas, Nike)

$107 $107

$94.6 PAB 94.6

13.61%

Men's Leather Business Shoes

$113 $113

$110 PAB 110

2.65%

1-bedroom Apartment, City Center (Monthly)

$1,258 $1,258

$1,407 PAB 1,407

-10.55%

1-bedroom Apartment, Outside City Center (Monthly)

$1,131 $1,131

$954 PAB 954

18.62%

3-bedroom Apartment, City Center (Monthly)

$1,944 $1,944

$2,272 PAB 2,272

-14.43%

3-bedroom Apartment, Outside City Center (Monthly)

$1,768 $1,768

$1,662 PAB 1,662

6.43%

Buy Apartment in City Center (m2)

$3,305 $3,305

$3,057 PAB 3,057

8.12%

Buy Apartment Outside City Center (m2)

$2,784 $2,784

$1,729 PAB 1,729

60.98%

Average Monthly Net Salary (After Tax)

$3,592 $3,592

$916 PAB 916

292.17%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.54

6.39

2.35%

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

Last update for Medford, OR: October 26, 2026

Last update for Panama City: October 27, 2026

Monthly budget structure

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

Accommodation & Living

Medford, OR

$1.1K 45.7%

Panama City

$954 49.3% 15.7% $178

Groceries & Markets

Medford, OR

$436 17.6%

Panama City

$326 16.9% 25.3% $110

Monthly Utilities & Internet

Medford, OR

$350 14.2%

Panama City

$210 10.9% 40.2% $141

Eating Out

Medford, OR

$306 12.3%

Panama City

$206 10.7% 32.5% $99

Clothing & Footwear

Medford, OR

$143 5.8%

Panama City

$143 7.4% 0.2% $0.2

Getting Around

Medford, OR

$70 2.8%

Panama City

$34 1.8% 51% $36

Sport & Entertainment

Medford, OR

$41 1.6%

Panama City

$60 3.1% 47.8% $19

Cost Breakdown

A one-bedroom apartment in the center runs $1,258 in Medford, OR and $1,407 in Panama City. Housing cost is often the main lever when comparing two cities.

Medford, OR pays about 3.9 times more on average. How far that income stretches comes down to housing choices and lifestyle.

Dining out: $63 in Medford, OR vs $47 in Panama City for a mid-range dinner for two. Groceries echo the gap at $436 vs $326 per month, with Panama City cheaper across the board.

Good to know

🇺🇸 Medford, OR

🇵🇦 Panama City

🕒 Local time

14:49 2:49 PM

16:49 4:49 PM

2 h ahead of Medford, OR

🌤 Weather

👥 Population

56,173

1,086,990 Capital

💱 Currency

United States Dollar USD $

Panamanian Balboa PAB B/.

📈 Exchange rate

1 USD = 0.898 EUR

1 PAB = 1 USD

1 PAB = 0.898 EUR

Exchange rates and currency converter

PAB, EUR to USD – United States Dollar Converter

🇵🇦 Panamanian Balboa (B/.)

🇺🇸 United States Dollar ($)

United States Dollar exchange rates as of October 28, 2026: 1 EUR = 1.11 USD (1 USD = 0.898 EUR).

Panamanian Balboa exchange rates as of October 28, 2026: 1 USD = 1 PAB (1 PAB = 1 USD). 1 EUR = 1.11 PAB (1 PAB = 0.898 EUR).

PAB to USD in detail →

On the map

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Highest

Between locations

Medford, OR Panama City 5,620 km ≈ 8 h nonstop flight

From you

Medford, OR
Panama City

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

Medford, OR vs Panama City: Cost of Living - Frequently Asked Questions

Panama City wins on cost – living expenses run 22% lower than in Medford, OR. Housing and daily spending are where you’ll feel the difference most, making Panama City the obvious pick if budget is a priority.

Average pay in Medford, OR is about 3.9 times higher, which matters when comparing affordability. Whether that higher income actually nets you more depends on your spending habits and housing choices.

Rent for a central apartment: $1,258 in Medford, OR versus $1,407 in Panama City. Housing is usually the single largest factor when comparing overall living costs between the two.

Supermarket bills run roughly 34% higher in Medford, OR. For households that cook at home regularly, that difference adds up over a month.

Dining out is cheaper in Panama City – a meal for two runs $47 versus $63 in Medford, OR. If you eat out regularly, this makes a real dent in your monthly spending.

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 – Panama City wins on affordability, Medford, OR on earning potential. Factor in climate, language, visa rules, and proximity to places that matter to you before deciding.