Last update: Oct 2026

Cost of Living Comparison Between New York, NY and Puerto Armuelles

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Cost of Living Index in New York, NY
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New York, NY Living Index

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New York, NY

🇺🇸 United States

$4,950

/mo nomad

Puerto Armuelles

🇵🇦 Panama

/mo nomad

Meal at Budget Restaurant

$24.65 $24.65

Three-Course Dinner for Two, Mid-Range

$122 $122

Fast Food Meal (McDonalds, etc)

$13.91 $13.91

Cappuccino

$6.59 $6.59

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

$3.84 $3.84

Water (0.33 liter bottle)

$2.87 $2.87

Local Beer (0.5 liter draught)

$7.79 $7.79

Imported Beer (0.33 liter bottle)

$9.85 $9.85

Milk (1 liter)

$1.38 $1.38

White Bread (500g)

$4.68 $4.68

Rice (white) (1kg)

$7.54 $7.54

Eggs

$5.93 $5.93

Local Cheese (1kg)

$18.83 $18.83

Chicken Fillets (1kg)

$17.36 $17.36

Beef Round Steak (1kg)

$18.51 $18.51

Apples (1kg)

$6.74 $6.74

Banana (1kg)

$2.09 $2.09

Oranges (1kg)

$6.07 $6.07

Tomato (1kg)

$6.74 $6.74

Potato (1kg)

$4.05 $4.05

Onion (1kg)

$4.37 $4.37

Lettuce (1 head)

$2.89 $2.89

Water (1.5 liter bottle)

$2.60 $2.60

Cigarettes 20 Pack (Marlboro, Camel)

$18.72 $18.72

Wine (Bottle)

$20.06 $20.06

Local Beer (0.5 liter bottle)

$3.25 $3.25

Imported Beer (0.33 liter bottle)

$3.73 $3.73

One-way Ticket (Public Transport)

$3.06 $3.06

Public Transport Monthly Pass (Regular Price)

$140 $140

Taxi Start (Normal Tariff)

$3.04 $3.04

Taxi (Normal Tariff) (1km)

$2.15 $2.15

Taxi 1hour Waiting (Normal Tariff)

$41.82 $41.82

Gasoline (1 liter)

$1.12 $1.12

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

$35.5K $35.5K

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

$26.0K $26.0K

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

$219 $219

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

$73.2 $73.2

Internet (50+ Mbps, Unlimited Data)

$72.0 $72.0

Gym Membership (Monthly)

$123 $123

Tennis Court (1 Hour on Weekend)

$67.7 $67.7

Cinema Ticket

$22.85 $22.85

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

$3,333 $3,333

International Primary School, 1 Child (Yearly)

$60.0K $60.0K

Jeans (Levis 501 Or Similar)

$75.2 $75.2

Summer Dress (H&M, Zara, etc)

$52.4 $52.4

Sport Shoes (Adidas, Nike)

$122 $122

Men's Leather Business Shoes

$133 $133

1-bedroom Apartment, City Center (Monthly)

$4,389 $4,389

1-bedroom Apartment, Outside City Center (Monthly)

$3,130 $3,130

3-bedroom Apartment, City Center (Monthly)

$8,918 $8,918

3-bedroom Apartment, Outside City Center (Monthly)

$5,354 $5,354

Buy Apartment in City Center (m2)

$19.4K $19.4K

Buy Apartment Outside City Center (m2)

$6,806 $6,806

Average Monthly Net Salary (After Tax)

$5,343 $5,343

20-Year Fixed Mortgage Interest Rate (Annual %)

6.82

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

Last update for New York, NY: October 13, 2026

Last update for Puerto Armuelles: October 12, 2026

Monthly budget structure

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

Accommodation & Living

New York, NY

$3.1K 63.2%

Puerto Armuelles

–

Groceries & Markets

New York, NY

$545 11%

Puerto Armuelles

–

Eating Out

New York, NY

$404 8.2%

Puerto Armuelles

–

Monthly Utilities & Internet

New York, NY

$364 7.4%

Puerto Armuelles

–

Clothing & Footwear

New York, NY

$172 3.5%

Puerto Armuelles

–

Sport & Entertainment

New York, NY

$168 3.4%

Puerto Armuelles

–

Getting Around

New York, NY

$167 3.4%

Puerto Armuelles

–

Good to know

🇺🇸 New York, NY

🇵🇦 Puerto Armuelles

🕒 Local time

15:23 3:23 PM

14:23 2:23 PM

1 h behind New York, NY

🌤 Weather

👥 Population

8,804,190

20,455

💱 Currency

United States Dollar USD $

Panamanian Balboa PAB B/.

📈 Exchange rate

1 USD = 0.89 EUR

1 PAB = 1 USD

1 PAB = 0.89 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 19, 2026: 1 EUR = 1.12 USD (1 USD = 0.89 EUR).

Panamanian Balboa exchange rates as of October 19, 2026: 1 USD = 1 PAB (1 PAB = 1 USD). 1 EUR = 1.12 PAB (1 PAB = 0.89 EUR).

PAB to USD in detail →

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New York, NY Puerto Armuelles 3,700 km ≈ 5 h nonstop flight

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New York, NY
Puerto Armuelles

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

New York, NY vs Puerto Armuelles: Cost of Living - Frequently Asked Questions

Families tend to lean toward Puerto Armuelles – lower housing and cheaper childcare make a real difference, especially on a single income or when paying for private education.

Both have safer and rougher neighborhoods, but overall safety is comparable to other large cities. Neighborhood choice matters more than the city-level comparison – central, well-trafficked areas feel secure in both.

If budget matters most, go with Puerto Armuelles. If higher salaries, better infrastructure, or specific career opportunities are the priority, New York, NY makes more sense. Both are solid long-term options with distinct trade-offs.