Last update: Oct 2026

Cost of Living Comparison Between Newport Beach, CA and Panama City

For one person, living is cheaper in Panama City: $1,855 a month against $5,162 in Newport Beach, CA, rent and utilities included – about $39,700 less a year. Rent and utilities account for most of the difference.

251

Cost of Living Index in Newport Beach, CA
Learn more

Newport Beach, CA Living Index
90

Cost of Living Index in Panama City
Learn more

Panama City Living Index

Jump to prices

Newport Beach, CA

🇺🇸 United States

$5,162

/mo nomad

Panama City

🇵🇦 Panama

$1,855

/mo nomad

Monthly Cost of Living

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

A single person spends $5,162 per month in Newport Beach, CA vs $1,855 in Panama City, rent included.

Newport Beach, CA $5,162
Panama City $1,855

A couple spends around $7,336 per month in Newport Beach, CA vs $2,804 in Panama City, rent included.

Newport Beach, CA $7,336
Panama City $2,804

A family of three spends $9,509 per month in Newport Beach, CA vs $3,753 in Panama City, rent included.

Newport Beach, CA $9,509
Panama City $3,753

Newport Beach, CA costs about 178% more than Panama City, and outside of rent the biggest gap is in eating out.

Both Newport Beach, CA and Panama City sit above the global median – Newport Beach, CA by 282%, Panama City by 37%.

Meal at Budget Restaurant

$25.34 $25.34

$11.63 PAB 11.63

117.88%

Three-Course Dinner for Two, Mid-Range

$101 $101

$47.92 PAB 47.92

111.27%

Fast Food Meal (McDonalds, etc)

$14.86 $14.86

$7.96 PAB 7.96

86.68%

Cappuccino

$5.79 $5.79

$4.22 PAB 4.22

37.20%

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

$3.04 $3.04

$2.01 PAB 2.01

51.24%

Water (0.33 liter bottle)

$2.45 $2.45

$1.56 PAB 1.56

57.05%

Local Beer (0.5 liter draught)

$7.06 $7.06

$3.39 PAB 3.39

108.26%

Imported Beer (0.33 liter bottle)

$9.44 $9.44

$3.94 PAB 3.94

139.59%

Milk (1 liter)

$1.22 $1.22

$1.85 PAB 1.85

-34.05%

White Bread (500g)

$5.74 $5.74

$2.56 PAB 2.56

124.22%

Rice (white) (1kg)

$4.22 $4.22

$3.48 PAB 3.48

21.26%

Eggs

$5.27 $5.27

$2.69 PAB 2.69

95.91%

Local Cheese (1kg)

$12.68 $12.68

$12.57 PAB 12.57

0.88%

Chicken Fillets (1kg)

$9.04 $9.04

$6.83 PAB 6.83

32.36%

Beef Round Steak (1kg)

$14.16 $14.16

$10.58 PAB 10.58

33.84%

Apples (1kg)

$4.81 $4.81

$4.18 PAB 4.18

15.07%

Banana (1kg)

$1.72 $1.72

$1.83 PAB 1.83

-6.01%

Oranges (1kg)

$4.08 $4.08

$4.20 PAB 4.20

-2.86%

Tomato (1kg)

$5.45 $5.45

$4.03 PAB 4.03

35.24%

Potato (1kg)

$3.65 $3.65

$3.48 PAB 3.48

4.89%

Onion (1kg)

$3.07 $3.07

$4.22 PAB 4.22

-27.25%

Lettuce (1 head)

$2.14 $2.14

$2.41 PAB 2.41

-11.20%

Water (1.5 liter bottle)

$2.26 $2.26

$1.69 PAB 1.69

33.73%

Cigarettes 20 Pack (Marlboro, Camel)

$11.59 $11.59

$6.14 PAB 6.14

88.76%

Wine (Bottle)

$15.11 $15.11

$11.30 PAB 11.30

33.72%

Local Beer (0.5 liter bottle)

$1.76 $1.76

$1.42 PAB 1.42

23.94%

Imported Beer (0.33 liter bottle)

$3.10 $3.10

$2.73 PAB 2.73

13.55%

One-way Ticket (Public Transport)

$0.33 PAB 0.33

Public Transport Monthly Pass (Regular Price)

$21.23 PAB 21.23

Taxi Start (Normal Tariff)

$4.56 $4.56

$2.52 PAB 2.52

80.95%

Taxi (Normal Tariff) (1km)

$1.85 $1.85

$1.86 PAB 1.86

-0.54%

Taxi 1hour Waiting (Normal Tariff)

$36.59 $36.59

$21.78 PAB 21.78

68.00%

Gasoline (1 liter)

$1.47 $1.47

$1.25 PAB 1.25

17.60%

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

$37.2K $37.2K

$21.2K PAB 21.2K

74.97%

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

$26.1K $26.1K

$21.0K PAB 21.0K

24.19%

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

$216 $216

$130 PAB 130

66.47%

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

$80.0 $80.0

$28.13 PAB 28.13

184.29%

Internet (50+ Mbps, Unlimited Data)

$71.3 $71.3

$48.21 PAB 48.21

47.89%

Gym Membership (Monthly)

$116 $116

$45.78 PAB 45.78

154.22%

Tennis Court (1 Hour on Weekend)

$27.65 $27.65

$34.92 PAB 34.92

-20.82%

Cinema Ticket

$20.16 $20.16

$8.67 PAB 8.67

132.53%

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

$1,756 $1,756

$544 PAB 544

222.58%

International Primary School, 1 Child (Yearly)

$36.2K $36.2K

$9,697 PAB 9,697

273.24%

Jeans (Levis 501 Or Similar)

$62.7 $62.7

$66.8 PAB 66.8

-6.07%

Summer Dress (H&M, Zara, etc)

$41.05 $41.05

$49.14 PAB 49.14

-16.46%

Sport Shoes (Adidas, Nike)

$78.4 $78.4

$93.9 PAB 93.9

-16.46%

Men's Leather Business Shoes

$102 $102

$112 PAB 112

-8.27%

1-bedroom Apartment, City Center (Monthly)

$4,355 $4,355

$1,257 PAB 1,257

246.44%

1-bedroom Apartment, Outside City Center (Monthly)

$3,694 $3,694

$875 PAB 875

322.20%

3-bedroom Apartment, City Center (Monthly)

$7,177 $7,177

$2,155 PAB 2,155

233.00%

3-bedroom Apartment, Outside City Center (Monthly)

$6,170 $6,170

$1,564 PAB 1,564

294.53%

Buy Apartment in City Center (m2)

$16.0K $16.0K

$3,122 PAB 3,122

413.06%

Buy Apartment Outside City Center (m2)

$16.0K $16.0K

$1,709 PAB 1,709

834.73%

Average Monthly Net Salary (After Tax)

$6,204 $6,204

$916 PAB 916

577.35%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.45

6.39

0.94%

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

Last update for Newport Beach, CA: October 10, 2026

Last update for Panama City: October 10, 2026

Monthly budget structure

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

Accommodation & Living

Newport Beach, CA

$3.7K 71.6%

Panama City

$875 47.2% 76.3% $2.8K

Groceries & Markets

Newport Beach, CA

$409 7.9%

Panama City

$325 17.5% 20.6% $84

Eating Out

Newport Beach, CA

$393 7.6%

Panama City

$207 11.1% 47.4% $186

Monthly Utilities & Internet

Newport Beach, CA

$367 7.1%

Panama City

$206 11.1% 43.9% $161

Sport & Entertainment

Newport Beach, CA

$157 3%

Panama City

$63 3.4% 59.7% $94

Clothing & Footwear

Newport Beach, CA

$128 2.5%

Panama City

$145 7.8% 12.9% $17

Getting Around

Newport Beach, CA

$14 * 0.3%

Panama City

$34 1.9% 150% $21

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

Cost Breakdown

A central one-bedroom costs $4,355 in Newport Beach, CA versus $1,257 in Panama City. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

Salaries run about 577% higher in Newport Beach, CA, which partly offsets the higher cost of living there. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $101 in Newport Beach, CA versus $48.00 in Panama City. Monthly groceries follow the same trend: $409 vs $325 – making Panama City the more affordable choice for daily food spending.

Good to know

🇺🇸 Newport Beach, CA

🇵🇦 Panama City

🕒 Local time

07:48 7:48 AM

09:48 9:48 AM

2 h ahead of Newport Beach, CA

🌤 Weather

👥 Population

85,186

1,086,990 Capital

💱 Currency

United States Dollar USD $

Panamanian Balboa PAB B/.

📈 Exchange rate

1 USD = 0.889 EUR

1 PAB = 1 USD

1 PAB = 0.889 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 17, 2026: 1 EUR = 1.12 USD (1 USD = 0.889 EUR).

Panamanian Balboa exchange rates as of October 17, 2026: 1 USD = 1 PAB (1 PAB = 1 USD). 1 EUR = 1.12 PAB (1 PAB = 0.889 EUR).

PAB to USD in detail →

On the map

Lowest

Highest

Between locations

Newport Beach, CA Panama City 4,780 km ≈ 6 h nonstop flight

From you

Newport Beach, CA
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

Newport Beach, CA vs Panama City: Cost of Living - Frequently Asked Questions

Yes – Newport Beach, CA is pricier by about 178%, and outside of rent the gap shows up most in eating out.

For a comfortable life, plan on about $7,743 per month in Newport Beach, CA and $2,783 in Panama City. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Panama City, especially for central apartments. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

Monthly expenses with rent come to $5,162 in Newport Beach, CA and $1,855 in Panama City. That's a gap of about 178%.

Kindergarten costs $1,756 per month in Newport Beach, CA and $544 in Panama City. For families with young kids, this one expense can tip the scales when choosing between the two cities.

A $2,500 monthly budget goes further in Panama City, where all-in costs run around $1,855, than in Newport Beach, CA at $5,162. In Panama City it covers expenses comfortably, while in Newport Beach, CA it requires careful planning or may not stretch far enough.

Families tend to lean toward Panama City – 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 Panama City. If higher salaries, better infrastructure, or specific career opportunities are the priority, Newport Beach, CA makes more sense. Both are solid long-term options with distinct trade-offs.