Last update: Nov 2026

Cost of Living Comparison Between Missoula, MT and Panama City

For one person, living is cheaper in Panama City: $1,972 a month against $2,609 in Missoula, MT, rent and utilities included – about $7,600 less a year. Rent and utilities account for about half of the difference.

124

Cost of Living Index in Missoula, MT
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Missoula, MT Living Index
95

Cost of Living Index in Panama City
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Panama City Living Index

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Missoula, MT

🇺🇸 United States

$2,609

/mo nomad

Panama City

🇵🇦 Panama

$1,972

/mo nomad

Monthly Cost of Living

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

Monthly costs for one person with rent: $2,609 in Missoula, MT versus $1,972 in Panama City.

Missoula, MT $2,609
Panama City $1,972

Estimated couple costs with rent: $4,087 in Missoula, MT versus $2,930 in Panama City.

Missoula, MT $4,087
Panama City $2,930

Monthly costs for a family of three with rent: $5,565 in Missoula, MT versus $3,888 in Panama City.

Missoula, MT $5,565
Panama City $3,888

Living in Missoula, MT is roughly 32% more expensive than in Panama City, and outside of rent the biggest gap is in groceries.

Both cities are pricier than the global median: Missoula, MT 93% above, Panama City 46% above.

Meal at Budget Restaurant

$16.73 $16.73

$11.37 PAB 11.37

47.14%

Three-Course Dinner for Two, Mid-Range

$75.3 $75.3

$46.69 PAB 46.69

61.21%

Fast Food Meal (McDonalds, etc)

$9.27 $9.27

$7.98 PAB 7.98

16.17%

Cappuccino

$4.37 $4.37

$4.12 PAB 4.12

6.07%

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

$3.10 $3.10

$2.01 PAB 2.01

54.23%

Water (0.33 liter bottle)

$2.34 $2.34

$1.57 PAB 1.57

49.04%

Local Beer (0.5 liter draught)

$5.86 $5.86

$3.28 PAB 3.28

78.66%

Imported Beer (0.33 liter bottle)

$5.93 $5.93

$3.88 PAB 3.88

52.84%

Milk (1 liter)

$1.12 $1.12

$1.82 PAB 1.82

-38.46%

White Bread (500g)

$3.44 $3.44

$2.61 PAB 2.61

31.80%

Rice (white) (1kg)

$4.98 $4.98

$3.45 PAB 3.45

44.35%

Eggs

$4.27 $4.27

$2.68 PAB 2.68

59.33%

Local Cheese (1kg)

$24.81 $24.81

$12.42 PAB 12.42

99.76%

Chicken Fillets (1kg)

$9.67 $9.67

$6.73 PAB 6.73

43.68%

Beef Round Steak (1kg)

$18.98 $18.98

$10.44 PAB 10.44

81.80%

Apples (1kg)

$4.81 $4.81

$4.21 PAB 4.21

14.25%

Banana (1kg)

$1.46 $1.46

$1.95 PAB 1.95

-25.13%

Oranges (1kg)

$6.51 $6.51

$4.07 PAB 4.07

59.95%

Tomato (1kg)

$3.73 $3.73

$4.02 PAB 4.02

-7.21%

Potato (1kg)

$2.33 $2.33

$3.46 PAB 3.46

-32.66%

Onion (1kg)

$2.96 $2.96

$4.42 PAB 4.42

-33.03%

Lettuce (1 head)

$2.41 $2.41

$2.43 PAB 2.43

-0.82%

Water (1.5 liter bottle)

$3.90 $3.90

$1.72 PAB 1.72

126.74%

Cigarettes 20 Pack (Marlboro, Camel)

$10.50 $10.50

$6.04 PAB 6.04

73.84%

Wine (Bottle)

$24.82 $24.82

$11.68 PAB 11.68

112.50%

Local Beer (0.5 liter bottle)

$1.98 $1.98

$1.41 PAB 1.41

40.43%

Imported Beer (0.33 liter bottle)

$4.38 $4.38

$2.74 PAB 2.74

59.85%

One-way Ticket (Public Transport)

$0.33 PAB 0.33

Public Transport Monthly Pass (Regular Price)

$20.65 PAB 20.65

Taxi Start (Normal Tariff)

$5.13 $5.13

$2.45 PAB 2.45

109.39%

Taxi (Normal Tariff) (1km)

$4.99 $4.99

$1.76 PAB 1.76

183.52%

Taxi 1hour Waiting (Normal Tariff)

$39.29 $39.29

$21.86 PAB 21.86

79.73%

Gasoline (1 liter)

$1.09 $1.09

$1.20 PAB 1.20

-9.17%

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

$32.3K $32.3K

$24.6K PAB 24.6K

31.61%

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

$24.5K $24.5K

$20.9K PAB 20.9K

17.49%

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

$139 $139

$132 PAB 132

5.35%

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

$52.7 $52.7

$27.89 PAB 27.89

88.78%

Internet (50+ Mbps, Unlimited Data)

$69.2 $69.2

$49.10 PAB 49.10

40.84%

Gym Membership (Monthly)

$49.22 $49.22

$44.53 PAB 44.53

10.53%

Tennis Court (1 Hour on Weekend)

$22.25 $22.25

$34.01 PAB 34.01

-34.58%

Cinema Ticket

$13.75 $13.75

$8.70 PAB 8.70

58.05%

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

$2,009 $2,009

$537 PAB 537

274.28%

International Primary School, 1 Child (Yearly)

$17.7K $17.7K

$20.5K PAB 20.5K

-13.53%

Jeans (Levis 501 Or Similar)

$66.4 $66.4

$65.8 PAB 65.8

0.94%

Summer Dress (H&M, Zara, etc)

$44.46 $44.46

$48.45 PAB 48.45

-8.24%

Sport Shoes (Adidas, Nike)

$104 $104

$95.4 PAB 95.4

9.44%

Men's Leather Business Shoes

$149 $149

$114 PAB 114

31.26%

1-bedroom Apartment, City Center (Monthly)

$1,522 $1,522

$1,405 PAB 1,405

8.37%

1-bedroom Apartment, Outside City Center (Monthly)

$1,324 $1,324

$994 PAB 994

33.13%

3-bedroom Apartment, City Center (Monthly)

$2,992 $2,992

$2,221 PAB 2,221

34.69%

3-bedroom Apartment, Outside City Center (Monthly)

$2,649 $2,649

$1,714 PAB 1,714

54.60%

Buy Apartment in City Center (m2)

$4,211 $4,211

$3,139 PAB 3,139

34.17%

Buy Apartment Outside City Center (m2)

$3,475 $3,475

$1,724 PAB 1,724

101.58%

Average Monthly Net Salary (After Tax)

$3,666 $3,666

$936 PAB 936

291.64%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.84

6.39

7.04%

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

Last update for Missoula, MT: November 1, 2026

Last update for Panama City: November 3, 2026

Monthly budget structure

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

Accommodation & Living

Missoula, MT

$1.3K 50.7%

Panama City

$994 50.4% 24.9% $329

Groceries & Markets

Missoula, MT

$477 18.3%

Panama City

$326 16.5% 31.8% $152

Eating Out

Missoula, MT

$277 10.6%

Panama City

$203 10.3% 26.8% $74

Monthly Utilities & Internet

Missoula, MT

$261 10%

Panama City

$209 10.6% 19.9% $52

Clothing & Footwear

Missoula, MT

$164 6.3%

Panama City

$145 7.4% 11.3% $19

Sport & Entertainment

Missoula, MT

$77 2.9%

Panama City

$62 3.1% 19.3% $15

Getting Around

Missoula, MT

$30 * 1.2%

Panama City

$33 1.7% 10.4% $3.1

Categories marked with * are only partly priced – their share counts the items that do have prices.

Cost Breakdown

A one-bedroom apartment in the center runs $1,522 in Missoula, MT and $1,405 in Panama City. Housing cost is often the main lever when comparing two cities.

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

Dining out: $75 in Missoula, MT vs $47 in Panama City for a mid-range dinner for two. Groceries echo the gap at $477 vs $326 per month, with Panama City cheaper across the board.

Good to know

🇺🇸 Missoula, MT

🇵🇦 Panama City

🕒 Local time

19:20 7:20 PM

21:20 9:20 PM

2 h ahead of Missoula, MT

🌤 Weather

👥 Population

73,489

1,086,990 Capital

💱 Currency

United States Dollar USD $

Panamanian Balboa PAB B/.

📈 Exchange rate

1 USD = 0.891 EUR

1 PAB = 1 USD

1 PAB = 0.891 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 November 6, 2026: 1 EUR = 1.12 USD (1 USD = 0.891 EUR).

Panamanian Balboa exchange rates as of November 6, 2026: 1 USD = 1 PAB (1 PAB = 1 USD). 1 EUR = 1.12 PAB (1 PAB = 0.891 EUR).

PAB to USD in detail →

On the map

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Between locations

Missoula, MT Panama City 5,320 km ≈ 7 h nonstop flight

From you

Missoula, MT
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

Missoula, MT vs Panama City: Cost of Living - Frequently Asked Questions

Panama City is about 24% cheaper overall, especially in groceries, eating out, and utilities. That difference adds up to real monthly savings that compound significantly over time.

Average pay in Missoula, MT 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: $1,522 in Missoula, MT versus $1,405 in Panama City. Housing is usually the single largest factor when comparing overall living costs between the two.

Childcare runs $2,009 in Missoula, MT versus $537 in Panama City. Over years of preschool, even a modest monthly gap compounds into a major financial factor for families.

Dining out is cheaper in Panama City – a meal for two runs $47 versus $75 in Missoula, MT. If you eat out regularly, this makes a real dent in your monthly spending.

At $1,972 in Panama City versus $2,609 in Missoula, MT, a $2,500 budget is realistic in Panama City but tight or insufficient in Missoula, MT. The gap between the two cities makes Panama City the clear choice for anyone on this budget.

For families, Panama City is more practical. Housing and childcare are both notably cheaper than in Missoula, MT, and the savings on those two alone free up budget for education, activities, and family trips.

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