Last update: Oct 2026

Cost of Living Comparison Between Paget Parish and Panama City

For one person, living is cheaper in Panama City: $1,837 a month against $5,464 in Paget Parish, rent and utilities included – about $43,500 less a year. Rent and utilities account for most of the difference.

264

Cost of Living Index in Paget Parish
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Paget Parish Living Index
90

Cost of Living Index in Panama City
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Panama City Living Index

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Paget Parish

🇧🇲 Bermuda

$5,464

/mo nomad

Panama City

🇵🇦 Panama

$1,837

/mo nomad

Monthly Cost of Living

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

Monthly costs for one person with rent: $5,464 in Paget Parish versus $1,837 in Panama City.

Paget Parish $5,464
Panama City $1,837

Estimated couple costs with rent: $9,812 in Paget Parish versus $2,825 in Panama City.

Paget Parish $9,812
Panama City $2,825

Monthly costs for a family of three with rent: $14.2K in Paget Parish versus $3,812 in Panama City.

Paget Parish $14.2K
Panama City $3,812

Living in Paget Parish is roughly 197% more expensive than in Panama City, and outside of rent the biggest gap is in eating out.

Both cities are pricier than the global median: Paget Parish 308% above, Panama City 37% above.

Meal at Budget Restaurant

$50.3 BMD 50.3

$11.34 PAB 11.34

343.74%

Three-Course Dinner for Two, Mid-Range

$150 BMD 150

$47.85 PAB 47.85

213.27%

Fast Food Meal (McDonalds, etc)

$16.90 BMD 16.90

$8.07 PAB 8.07

109.42%

Cappuccino

$6.31 BMD 6.31

$4.02 PAB 4.02

56.97%

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

$3.09 BMD 3.09

$1.94 PAB 1.94

59.28%

Water (0.33 liter bottle)

$3.16 BMD 3.16

$1.62 PAB 1.62

95.06%

Local Beer (0.5 liter draught)

$7.57 BMD 7.57

$3.26 PAB 3.26

132.21%

Imported Beer (0.33 liter bottle)

$8.83 BMD 8.83

$3.99 PAB 3.99

121.30%

Milk (1 liter)

$5.01 BMD 5.01

$1.83 PAB 1.83

173.77%

White Bread (500g)

$8.07 BMD 8.07

$2.57 PAB 2.57

214.01%

Rice (white) (1kg)

$5.68 BMD 5.68

$3.33 PAB 3.33

70.57%

Eggs

$5.84 BMD 5.84

$2.69 PAB 2.69

117.10%

Local Cheese (1kg)

$21.96 BMD 21.96

$12.33 PAB 12.33

78.10%

Chicken Fillets (1kg)

$17.34 BMD 17.34

$6.69 PAB 6.69

159.19%

Beef Round Steak (1kg)

$19.87 BMD 19.87

$10.40 PAB 10.40

91.06%

Apples (1kg)

$8.81 BMD 8.81

$4.16 PAB 4.16

111.78%

Banana (1kg)

$6.48 BMD 6.48

$1.84 PAB 1.84

252.17%

Oranges (1kg)

$7.24 BMD 7.24

$4.18 PAB 4.18

73.21%

Tomato (1kg)

$8.36 BMD 8.36

$4.08 PAB 4.08

104.90%

Potato (1kg)

$5.53 BMD 5.53

$3.50 PAB 3.50

58.00%

Onion (1kg)

$4.09 BMD 4.09

$4.37 PAB 4.37

-6.41%

Lettuce (1 head)

$6.33 BMD 6.33

$2.34 PAB 2.34

170.51%

Water (1.5 liter bottle)

$3.45 BMD 3.45

$1.75 PAB 1.75

97.14%

Cigarettes 20 Pack (Marlboro, Camel)

$18.05 BMD 18.05

$6.06 PAB 6.06

197.85%

Wine (Bottle)

$23.81 BMD 23.81

$11.72 PAB 11.72

103.16%

Local Beer (0.5 liter bottle)

$5.35 BMD 5.35

$1.37 PAB 1.37

290.51%

Imported Beer (0.33 liter bottle)

$4.17 BMD 4.17

$2.84 PAB 2.84

46.83%

One-way Ticket (Public Transport)

$4.48 BMD 4.48

$0.36 PAB 0.36

1144.44%

Public Transport Monthly Pass (Regular Price)

$20.96 PAB 20.96

Taxi Start (Normal Tariff)

$6.37 BMD 6.37

$2.52 PAB 2.52

152.78%

Taxi (Normal Tariff) (1km)

$3.05 BMD 3.05

$1.79 PAB 1.79

70.39%

Taxi 1hour Waiting (Normal Tariff)

$68.7 BMD 68.7

$22.01 PAB 22.01

212.13%

Gasoline (1 liter)

$2.22 BMD 2.22

$1.25 PAB 1.25

77.60%

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

$20.4K BMD 20.4K

$21.5K PAB 21.5K

-5.48%

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

$35.7K BMD 35.7K

$21.2K PAB 21.2K

68.44%

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

$284 BMD 284

$131 PAB 131

116.37%

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

$149 BMD 149

$27.68 PAB 27.68

436.49%

Internet (50+ Mbps, Unlimited Data)

$122 BMD 122

$48.59 PAB 48.59

151.37%

Gym Membership (Monthly)

$201 BMD 201

$46.11 PAB 46.11

336.07%

Tennis Court (1 Hour on Weekend)

$35.01 PAB 35.01

Cinema Ticket

$13.48 BMD 13.48

$8.73 PAB 8.73

54.41%

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

$1,321 BMD 1,321

$551 PAB 551

139.99%

International Primary School, 1 Child (Yearly)

$25.3K BMD 25.3K

$9,560 PAB 9,560

164.20%

Jeans (Levis 501 Or Similar)

$90.3 BMD 90.3

$67.6 PAB 67.6

33.49%

Summer Dress (H&M, Zara, etc)

$70.8 BMD 70.8

$48.03 PAB 48.03

47.45%

Sport Shoes (Adidas, Nike)

$144 BMD 144

$94.9 PAB 94.9

51.49%

Men's Leather Business Shoes

$129 BMD 129

$113 PAB 113

14.46%

1-bedroom Apartment, City Center (Monthly)

$4,039 BMD 4,039

$1,238 PAB 1,238

226.35%

1-bedroom Apartment, Outside City Center (Monthly)

$3,082 BMD 3,082

$873 PAB 873

253.02%

3-bedroom Apartment, City Center (Monthly)

$8,371 BMD 8,371

$2,197 PAB 2,197

281.03%

3-bedroom Apartment, Outside City Center (Monthly)

$8,899 BMD 8,899

$1,538 PAB 1,538

478.50%

Buy Apartment in City Center (m2)

$3,116 PAB 3,116

Buy Apartment Outside City Center (m2)

$6,015 BMD 6,015

$1,725 PAB 1,725

248.77%

Average Monthly Net Salary (After Tax)

$4,028 BMD 4,028

$934 PAB 934

331.04%

20-Year Fixed Mortgage Interest Rate (Annual %)

8.63

6.39

35.05%

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

Last update for Paget Parish: October 4, 2026

Last update for Panama City: October 3, 2026

Monthly budget structure

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

Accommodation & Living

Paget Parish

$3.1K 56.8%

Panama City

$873 47.2% 71.7% $2.2K

Groceries & Markets

Paget Parish

$717 13.2%

Panama City

$324 17.5% 54.8% $393

Eating Out

Paget Parish

$610 11.2%

Panama City

$202 10.9% 66.9% $408

Monthly Utilities & Internet

Paget Parish

$554 10.2%

Panama City

$207 11.2% 62.6% $347

Sport & Entertainment

Paget Parish

$228 4.2%

Panama City

$64 3.4% 72.1% $164

Clothing & Footwear

Paget Parish

$195 3.6%

Panama City

$146 7.9% 25.5% $50

Getting Around

Paget Parish

$40 * 0.7%

Panama City

$34 1.8% 14.2% $5.6

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 $4,039 in Paget Parish and $1,238 in Panama City. Housing cost is often the main lever when comparing two cities.

Paget Parish pays 331% more on average. The extra income cushions the higher costs, though housing choices and lifestyle decide how much of the gap is truly closed.

Dining out: $150 in Paget Parish vs $48.00 in Panama City for a mid-range dinner for two. Groceries echo the gap at $717 vs $324 per month, with Panama City cheaper across the board.

Good to know

🇧🇲 Paget Parish

🇵🇦 Panama City

🕒 Local time

08:57 8:57 AM

06:57 6:57 AM

2 h behind Paget Parish

🌤 Weather

👥 Population

5,702

1,086,990 Capital

💱 Currency

Bermudian Dollar BMD $

Panamanian Balboa PAB B/.

📈 Exchange rate

1 BMD = 1 USD

1 BMD = 0.892 EUR

1 PAB = 1 USD

1 PAB = 0.892 EUR

Exchange rates and currency converter

PAB, USD, EUR to BMD – Bermudian Dollar Converter

🇺🇸 United States Dollar ($)

🇧🇲 Bermudian Dollar ($)

Bermudian Dollar exchange rates as of October 10, 2026: 1 USD = 1 BMD (1 BMD = 1 USD). 1 EUR = 1.12 BMD (1 BMD = 0.892 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 BMD in detail →

On the map

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Highest

Between locations

Paget Parish Panama City 3,000 km ≈ 4 h 15 min nonstop flight

From you

Paget Parish
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

Paget Parish vs Panama City: Cost of Living - Frequently Asked Questions

Paget Parish and Panama City differ by about 197% in total monthly costs ($5,464 vs $1,837 including rent). Panama City is meaningfully more affordable – a gap that matters a lot on a fixed or modest income.

Average pay runs 331% higher in Paget Parish, 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: $4,039 in Paget Parish versus $1,238 in Panama City. Housing is usually the single largest factor when comparing overall living costs between the two.

Childcare runs $1,321 in Paget Parish versus $551 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 $48.00 versus $150 in Paget Parish. If you eat out regularly, this makes a real dent in your monthly spending.

At $1,837 in Panama City versus $5,464 in Paget Parish, a $2,500 budget is realistic in Panama City but tight or insufficient in Paget Parish. The gap between the two cities makes Panama City the clear choice for anyone on this budget.

Both cities offer a good standard of living with different trade-offs. Neither is objectively better – the right pick depends on what matters most: affordability, career, cultural scene, or climate.

Safety-wise, Paget Parish 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 Panama City gentler on the wallet – expenses run 197% less than in Paget Parish. Beyond cost, consider language, visa policies, and how big the international community is in each city.