Last update: Oct 2026

Cost of Living Comparison Between Montevideo and Panama

Name: Panama
Address: PA

For one person, living is cheaper in Panama: $1,604 a month against $1,813 in Montevideo, rent and utilities included – about $2,500 less a year. The total is higher in Montevideo despite lower rent and utilities.

86

Cost of Living Index in Montevideo
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Montevideo Living Index
77

Cost of Living Index in Panama
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Panama Living Index

Jump to prices

Montevideo

🇺🇾 Uruguay

$1,813

/mo nomad

🇵🇦 Panama

$1,604

/mo nomad

😐 Solo nomad: Montevideo is 30.8% more expensive than Panama without rent, and 13% more expensive with rent.

😐 Family of 3: Montevideo is 28.1% more expensive than Panama without rent, and 13.5% more expensive with rent.

Meal at Budget Restaurant

$15.26 UYU 613

$7.86 PAB 7.86

94.15%

Three-Course Dinner for Two, Mid-Range

$67.4 UYU 2,711

$44.75 PAB 44.75

50.68%

Fast Food Meal (McDonalds, etc)

$14.37 UYU 578

$7.89 PAB 7.89

82.13%

Cappuccino

$4.64 UYU 187

$3.84 PAB 3.84

20.83%

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

$2.73 UYU 110

$1.59 PAB 1.59

71.70%

Water (0.33 liter bottle)

$2.09 UYU 84.0

$1.41 PAB 1.41

48.23%

Local Beer (0.5 liter draught)

$4.75 UYU 191

$2.19 PAB 2.19

116.89%

Imported Beer (0.33 liter bottle)

$3.67 UYU 147

$4.04 PAB 4.04

-9.16%

Milk (1 liter)

$1.38 UYU 55.5

$1.85 PAB 1.85

-25.41%

White Bread (500g)

$2.77 UYU 112

$2.32 PAB 2.32

19.40%

Rice (white) (1kg)

$1.69 UYU 67.8

$2.99 PAB 2.99

-43.48%

Eggs

$4.52 UYU 182

$2.48 PAB 2.48

82.26%

Local Cheese (1kg)

$14.17 UYU 570

$12.28 PAB 12.28

15.39%

Chicken Fillets (1kg)

$12.07 UYU 485

$6.94 PAB 6.94

73.92%

Beef Round Steak (1kg)

$12.16 UYU 489

$10.11 PAB 10.11

20.28%

Apples (1kg)

$2.87 UYU 116

$4.18 PAB 4.18

-31.34%

Banana (1kg)

$2.75 UYU 110

$1.48 PAB 1.48

85.81%

Oranges (1kg)

$1.73 UYU 69.5

$3.65 PAB 3.65

-52.60%

Tomato (1kg)

$3.24 UYU 130

$3.73 PAB 3.73

-13.14%

Potato (1kg)

$2.07 UYU 83.1

$2.50 PAB 2.50

-17.20%

Onion (1kg)

$2.07 UYU 83.1

$3.29 PAB 3.29

-37.08%

Lettuce (1 head)

$1.38 UYU 55.4

$2.34 PAB 2.34

-41.03%

Water (1.5 liter bottle)

$1.85 UYU 74.5

$1.57 PAB 1.57

17.83%

Cigarettes 20 Pack (Marlboro, Camel)

$5.57 UYU 224

$6.08 PAB 6.08

-8.39%

Wine (Bottle)

$8.89 UYU 357

$9.88 PAB 9.88

-10.02%

Local Beer (0.5 liter bottle)

$2.29 UYU 92.2

$1.39 PAB 1.39

64.75%

Imported Beer (0.33 liter bottle)

$2.70 UYU 109

$2.42 PAB 2.42

11.57%

One-way Ticket (Public Transport)

$1.52 UYU 61.3

$0.43 PAB 0.43

253.49%

Public Transport Monthly Pass (Regular Price)

$73.7 UYU 2,962

$20.96 PAB 20.96

251.43%

Taxi Start (Normal Tariff)

$1.82 UYU 73.4

$2.43 PAB 2.43

-25.10%

Taxi (Normal Tariff) (1km)

$0.40 UYU 16.05

$1.82 PAB 1.82

-78.02%

Taxi 1hour Waiting (Normal Tariff)

$10.66 UYU 429

$21.79 PAB 21.79

-51.08%

Gasoline (1 liter)

$2.22 UYU 89.2

$1.18 PAB 1.18

88.14%

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

$26.7K UYU 1.1M

$21.5K PAB 21.5K

24.45%

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

$36.7K UYU 1.5M

$22.2K PAB 22.2K

65.55%

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

$191 UYU 7,674

$119 PAB 119

60.37%

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

$20.40 UYU 820

$27.03 PAB 27.03

-24.53%

Internet (50+ Mbps, Unlimited Data)

$44.14 UYU 1,775

$47.70 PAB 47.70

-7.46%

Gym Membership (Monthly)

$54.1 UYU 2,177

$48.94 PAB 48.94

10.63%

Tennis Court (1 Hour on Weekend)

$19.68 UYU 791

$30.16 PAB 30.16

-34.75%

Cinema Ticket

$12.33 UYU 496

$7.84 PAB 7.84

57.27%

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

$613 UYU 24.7K

$536 PAB 536

14.45%

International Primary School, 1 Child (Yearly)

$11.0K UYU 444.3K

$8,069 PAB 8,069

36.93%

Jeans (Levis 501 Or Similar)

$103 UYU 4,134

$53.5 PAB 53.5

92.20%

Summer Dress (H&M, Zara, etc)

$56.1 UYU 2,255

$42.77 PAB 42.77

31.10%

Sport Shoes (Adidas, Nike)

$124 UYU 5,000

$87.4 PAB 87.4

42.29%

Men's Leather Business Shoes

$130 UYU 5,214

$103 PAB 103

25.48%

1-bedroom Apartment, City Center (Monthly)

$705 UYU 28.4K

$944 PAB 944

-25.31%

1-bedroom Apartment, Outside City Center (Monthly)

$575 UYU 23.1K

$697 PAB 697

-17.40%

3-bedroom Apartment, City Center (Monthly)

$1,139 UYU 45.8K

$1,728 PAB 1,728

-34.10%

3-bedroom Apartment, Outside City Center (Monthly)

$1,016 UYU 40.8K

$1,262 PAB 1,262

-19.55%

Buy Apartment in City Center (m2)

$3,349 UYU 134.6K

$2,941 PAB 2,941

13.84%

Buy Apartment Outside City Center (m2)

$1,942 UYU 78.1K

$1,673 PAB 1,673

16.07%

Average Monthly Net Salary (After Tax)

$1,229 UYU 49.4K

$826 PAB 826

48.90%

20-Year Fixed Mortgage Interest Rate (Annual %)

5.74

6.37

-9.89%

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

Last update for Montevideo: October 5, 2026

Last update for Panama: October 5, 2026

Monthly budget structure

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

Accommodation & Living

Montevideo

$575 32.3%

Panama

$697 44% 21.1% $121

Groceries & Markets

Montevideo

$332 18.7%

Panama

$302 19.1% 9.1% $30

Eating Out

Montevideo

$271 15.2%

Panama

$164 10.3% 39.7% $108

Monthly Utilities & Internet

Montevideo

$255 14.3%

Panama

$194 12.2% 24.1% $62

Clothing & Footwear

Montevideo

$186 10.4%

Panama

$129 8.2% 30.5% $57

Getting Around

Montevideo

$84 4.7%

Panama

$34 2.2% 59% $49

Sport & Entertainment

Montevideo

$79 4.4%

Panama

$65 4.1% 18% $14

Good to know

🇺🇾 Montevideo

🇵🇦 Panama

🕒 Local time

01:47 1:47 AM

23:47 11:47 PM

2 h behind Montevideo

🌤 Weather

👥 Population

1,319,108 Capital

4,098,587

💱 Currency

Uruguayan Peso UYU $U

Panamanian Balboa PAB B/.

📈 Exchange rate

100 UYU = 2.49 USD

100 UYU = 2.22 EUR

1 PAB = 1 USD

1 PAB = 0.892 EUR

Exchange rates and currency converter

PAB, USD, EUR to UYU – Uruguayan Peso Converter

🇺🇸 United States Dollar ($)

🇺🇾 Uruguayan Peso ($U)

Uruguayan Peso exchange rates as of October 10, 2026: 1 USD = 40.21 UYU (100 UYU = 2.49 USD). 1 EUR = 45.1 UYU (100 UYU = 2.22 EUR).

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 UYU in detail →

On the map

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Between locations

Montevideo Panama 5,460 km ≈ 7 h nonstop flight

From you

Montevideo
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

Montevideo vs other spots: cost of living compared

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