Last update: Oct 2026

Cost of Living Comparison Between Ouro Preto, Minas Gerais and Panama City

For one person, living is cheaper in Ouro Preto, Minas Gerais: $818 a month against $1,855 in Panama City, rent and utilities included – about $12,400 less a year. Rent and utilities account for most of the difference.

40

Cost of Living Index in Ouro Preto, Minas Gerais
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Ouro Preto, Minas Gerais Living Index
90

Cost of Living Index in Panama City
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Panama City Living Index

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Ouro Preto, Minas Gerais

🇧🇷 Brazil

$818

/mo nomad

Panama City

🇵🇦 Panama

$1,855

/mo nomad

Monthly Cost of Living

How much you'll spend in Ouro Preto, Minas Gerais 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 Ouro Preto, Minas Gerais and in Panama City actually costs, broken down by who's living it.

Monthly costs for one person with rent: $818 in Ouro Preto, Minas Gerais versus $1,855 in Panama City.

Ouro Preto, Minas Gerais $818
Panama City $1,855

Estimated couple costs with rent: $1,265 in Ouro Preto, Minas Gerais versus $2,804 in Panama City.

Ouro Preto, Minas Gerais $1,265
Panama City $2,804

Monthly costs for a family of three with rent: $1,712 in Ouro Preto, Minas Gerais versus $3,753 in Panama City.

Ouro Preto, Minas Gerais $1,712
Panama City $3,753

Living in Ouro Preto, Minas Gerais costs roughly 56% less than in Panama City, and outside of rent the biggest gap is in groceries.

The two cities straddle the global median: Ouro Preto, Minas Gerais is 39% below, Panama City is 37% above.

Meal at Budget Restaurant

$4.41 R$22.13

$11.63 PAB 11.63

-62.08%

Three-Course Dinner for Two, Mid-Range

$15.91 R$79.8

$47.92 PAB 47.92

-66.80%

Fast Food Meal (McDonalds, etc)

$7.30 R$36.65

$7.96 PAB 7.96

-8.29%

Cappuccino

$1.71 R$8.60

$4.22 PAB 4.22

-59.48%

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

$1.43 R$7.18

$2.01 PAB 2.01

-28.86%

Water (0.33 liter bottle)

$0.62 R$3.12

$1.56 PAB 1.56

-60.26%

Local Beer (0.5 liter draught)

$1.22 R$6.11

$3.39 PAB 3.39

-64.01%

Imported Beer (0.33 liter bottle)

$2.47 R$12.38

$3.94 PAB 3.94

-37.31%

Milk (1 liter)

$0.94 R$4.69

$1.85 PAB 1.85

-49.19%

White Bread (500g)

$1.57 R$7.89

$2.56 PAB 2.56

-38.67%

Rice (white) (1kg)

$1.38 R$6.91

$3.48 PAB 3.48

-60.34%

Eggs

$2.02 R$10.16

$2.69 PAB 2.69

-24.91%

Local Cheese (1kg)

$9.22 R$46.26

$12.57 PAB 12.57

-26.65%

Chicken Fillets (1kg)

$3.53 R$17.69

$6.83 PAB 6.83

-48.32%

Beef Round Steak (1kg)

$10.05 R$50.5

$10.58 PAB 10.58

-5.01%

Apples (1kg)

$1.94 R$9.75

$4.18 PAB 4.18

-53.59%

Banana (1kg)

$1.16 R$5.82

$1.83 PAB 1.83

-36.61%

Oranges (1kg)

$0.93 R$4.68

$4.20 PAB 4.20

-77.86%

Tomato (1kg)

$1.23 R$6.20

$4.03 PAB 4.03

-69.48%

Potato (1kg)

$0.71 R$3.54

$3.48 PAB 3.48

-79.60%

Onion (1kg)

$0.86 R$4.32

$4.22 PAB 4.22

-79.62%

Lettuce (1 head)

$0.54 R$2.69

$2.41 PAB 2.41

-77.59%

Water (1.5 liter bottle)

$0.77 R$3.85

$1.69 PAB 1.69

-54.44%

Cigarettes 20 Pack (Marlboro, Camel)

$1.57 R$7.86

$6.14 PAB 6.14

-74.43%

Wine (Bottle)

$5.94 R$29.78

$11.30 PAB 11.30

-47.43%

Local Beer (0.5 liter bottle)

$0.98 R$4.93

$1.42 PAB 1.42

-30.99%

Imported Beer (0.33 liter bottle)

$1.37 R$6.90

$2.73 PAB 2.73

-49.82%

One-way Ticket (Public Transport)

$1.04 R$5.22

$0.33 PAB 0.33

215.15%

Public Transport Monthly Pass (Regular Price)

$43.37 R$218

$21.23 PAB 21.23

104.29%

Taxi Start (Normal Tariff)

$1.38 R$6.91

$2.52 PAB 2.52

-45.24%

Taxi (Normal Tariff) (1km)

$0.74 R$3.69

$1.86 PAB 1.86

-60.22%

Taxi 1hour Waiting (Normal Tariff)

$3.97 R$19.89

$21.78 PAB 21.78

-81.77%

Gasoline (1 liter)

$1.31 R$6.56

$1.25 PAB 1.25

4.80%

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

$11.9K R$59.9K

$21.2K PAB 21.2K

-43.74%

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

$29.6K R$148.4K

$21.0K PAB 21.0K

40.68%

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

$60.4 R$303

$130 PAB 130

-53.45%

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

$9.88 R$49.55

$28.13 PAB 28.13

-64.88%

Internet (50+ Mbps, Unlimited Data)

$19.42 R$97.5

$48.21 PAB 48.21

-59.72%

Gym Membership (Monthly)

$25.65 R$129

$45.78 PAB 45.78

-43.97%

Tennis Court (1 Hour on Weekend)

$27.30 R$137

$34.92 PAB 34.92

-21.82%

Cinema Ticket

$6.64 R$33.29

$8.67 PAB 8.67

-23.41%

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

$146 R$731

$544 PAB 544

-73.22%

International Primary School, 1 Child (Yearly)

$2,019 R$10.1K

$9,697 PAB 9,697

-79.18%

Jeans (Levis 501 Or Similar)

$71.5 R$359

$66.8 PAB 66.8

7.10%

Summer Dress (H&M, Zara, etc)

$84.3 R$423

$49.14 PAB 49.14

71.51%

Sport Shoes (Adidas, Nike)

$67.2 R$337

$93.9 PAB 93.9

-28.45%

Men's Leather Business Shoes

$48.89 R$245

$112 PAB 112

-56.17%

1-bedroom Apartment, City Center (Monthly)

$359 R$1,799

$1,257 PAB 1,257

-71.47%

1-bedroom Apartment, Outside City Center (Monthly)

$242 R$1,213

$875 PAB 875

-72.36%

3-bedroom Apartment, City Center (Monthly)

$670 R$3,359

$2,155 PAB 2,155

-68.93%

3-bedroom Apartment, Outside City Center (Monthly)

$451 R$2,264

$1,564 PAB 1,564

-71.14%

Buy Apartment in City Center (m2)

$1,882 R$9,445

$3,122 PAB 3,122

-39.71%

Buy Apartment Outside City Center (m2)

$1,339 R$6,718

$1,709 PAB 1,709

-21.67%

Average Monthly Net Salary (After Tax)

$916 PAB 916

20-Year Fixed Mortgage Interest Rate (Annual %)

10.67

6.39

66.98%

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

Last update for Ouro Preto, Minas Gerais: October 13, 2026

Last update for Panama City: October 10, 2026

Monthly budget structure

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

Accommodation & Living

Ouro Preto, Minas Gerais

$242 29.6%

Panama City

$875 47.2% 262% $633

Groceries & Markets

Ouro Preto, Minas Gerais

$175 21.5%

Panama City

$325 17.5% 85.3% $150

Clothing & Footwear

Ouro Preto, Minas Gerais

$122 15%

Panama City

$145 7.8% 18.2% $22

Eating Out

Ouro Preto, Minas Gerais

$97 11.9%

Panama City

$207 11.1% 113% $110

Monthly Utilities & Internet

Ouro Preto, Minas Gerais

$90 11%

Panama City

$206 11.1% 130% $116

Getting Around

Ouro Preto, Minas Gerais

$53 6.4%

Panama City

$34 1.9% 34.6% $18

Sport & Entertainment

Ouro Preto, Minas Gerais

$39 4.8%

Panama City

$63 3.4% 62.2% $24

Cost Breakdown

A one-bedroom apartment in the center runs $359 in Ouro Preto, Minas Gerais and $1,257 in Panama City. Housing cost is often the main lever when comparing two cities.

Dining out: $16.00 in Ouro Preto, Minas Gerais vs $48.00 in Panama City for a mid-range dinner for two. Groceries echo the gap at $175 vs $325 per month, with Ouro Preto, Minas Gerais cheaper across the board.

Good to know

🇧🇷 Ouro Preto, Minas Gerais

🇵🇦 Panama City

🕒 Local time

11:17 11:17 AM

09:17 9:17 AM

2 h behind Ouro Preto, Minas Gerais

🌤 Weather

👥 Population

74,821

1,086,990 Capital

💱 Currency

Brazilian Real BRL R$

Panamanian Balboa PAB B/.

📈 Exchange rate

1 BRL = 0.199 USD

1 BRL = 0.178 EUR

1 PAB = 1 USD

1 PAB = 0.893 EUR

Exchange rates and currency converter

PAB, USD, EUR to BRL – Brazilian Real Converter

🇺🇸 United States Dollar ($)

🇧🇷 Brazilian Real (R$)

Brazilian Real exchange rates as of October 14, 2026: 1 USD = 5.02 BRL (1 BRL = 0.199 USD). 1 EUR = 5.62 BRL (1 BRL = 0.178 EUR).

Panamanian Balboa exchange rates as of October 14, 2026: 1 USD = 1 PAB (1 PAB = 1 USD). 1 EUR = 1.12 PAB (1 PAB = 0.893 EUR).

USD to BRL in detail →

On the map

Lowest

Highest

Between locations

Ouro Preto, Minas Gerais Panama City 5,120 km ≈ 7 h nonstop flight

From you

Ouro Preto, Minas Gerais
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

Ouro Preto, Minas Gerais vs Panama City: Cost of Living - Frequently Asked Questions

Ouro Preto, Minas Gerais is cheaper overall, especially in groceries, clothing, and eating out. The 127% gap adds up to real monthly savings that compound significantly over time.

You'd need roughly $1,227 in Ouro Preto, Minas Gerais and $2,783 in Panama City to live well. The gap comes down to housing and overall price levels. Both cities are liveable on less, but these numbers represent actual comfort.

Rent for a central apartment: $359 in Ouro Preto, Minas Gerais versus $1,257 in Panama City. Housing is usually the single largest factor when comparing overall living costs between the two.

A monthly transit pass in Ouro Preto, Minas Gerais runs roughly 104% less than in Panama City. Both cities have functional networks, but the price difference matters if you're watching your budget.

Childcare runs $146 in Ouro Preto, Minas Gerais versus $544 in Panama City. Over years of preschool, even a modest monthly gap compounds into a major financial factor for families.

At $818 in Ouro Preto, Minas Gerais versus $1,855 in Panama City, a $1,500 budget is realistic in Ouro Preto, Minas Gerais but tight or insufficient in Panama City. The gap between the two cities makes Ouro Preto, Minas Gerais the clear choice for anyone on this budget.

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

Safety-wise, Ouro Preto, Minas Gerais and Panama City are on par. Petty crime is typical for cities this size, and most residents feel comfortable going about their daily routines in either place.

Expats usually find Ouro Preto, Minas Gerais gentler on the wallet – expenses run 127% less than in Panama City. Beyond cost, consider language, visa policies, and how big the international community is in each city.