Last update: Oct 2026

Cost of Living Comparison Between Palmer, AK and Panama City

For one person, living is cheaper in Panama City: $1,855 a month against $2,927 in Palmer, AK, rent and utilities included – about $12,900 less a year. Rent and utilities account for most of the difference.

143

Cost of Living Index in Palmer, AK
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Palmer, AK Living Index
90

Cost of Living Index in Panama City
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Panama City Living Index

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Palmer, AK

🇺🇸 United States

$2,927

/mo nomad

Panama City

🇵🇦 Panama

$1,855

/mo nomad

Monthly Cost of Living

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

A single person spends $2,927 per month in Palmer, AK vs $1,855 in Panama City, rent included.

Palmer, AK $2,927
Panama City $1,855

A couple spends around $4,129 per month in Palmer, AK vs $2,804 in Panama City, rent included.

Palmer, AK $4,129
Panama City $2,804

A family of three spends $5,330 per month in Palmer, AK vs $3,753 in Panama City, rent included.

Palmer, AK $5,330
Panama City $3,753

Palmer, AK costs about 58% more than Panama City, and outside of rent the biggest gap is in eating out.

Both Palmer, AK and Panama City sit above the global median – Palmer, AK by 117%, Panama City by 37%.

Meal at Budget Restaurant

$23.62 $23.62

$11.63 PAB 11.63

103.10%

Three-Course Dinner for Two, Mid-Range

$73.7 $73.7

$47.92 PAB 47.92

53.71%

Fast Food Meal (McDonalds, etc)

$13.40 $13.40

$7.96 PAB 7.96

68.34%

Cappuccino

$5.22 $5.22

$4.22 PAB 4.22

23.70%

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

$3.14 $3.14

$2.01 PAB 2.01

56.22%

Water (0.33 liter bottle)

$1.96 $1.96

$1.56 PAB 1.56

25.64%

Local Beer (0.5 liter draught)

$7.16 $7.16

$3.39 PAB 3.39

111.21%

Imported Beer (0.33 liter bottle)

$8.54 $8.54

$3.94 PAB 3.94

116.75%

Milk (1 liter)

$1.20 $1.20

$1.85 PAB 1.85

-35.14%

White Bread (500g)

$4.37 $4.37

$2.56 PAB 2.56

70.70%

Rice (white) (1kg)

$5.41 $5.41

$3.48 PAB 3.48

55.46%

Eggs

$4.41 $4.41

$2.69 PAB 2.69

63.94%

Local Cheese (1kg)

$13.87 $13.87

$12.57 PAB 12.57

10.34%

Chicken Fillets (1kg)

$12.33 $12.33

$6.83 PAB 6.83

80.53%

Beef Round Steak (1kg)

$21.02 $21.02

$10.58 PAB 10.58

98.68%

Apples (1kg)

$8.26 $8.26

$4.18 PAB 4.18

97.61%

Banana (1kg)

$2.07 $2.07

$1.83 PAB 1.83

13.11%

Oranges (1kg)

$5.35 $5.35

$4.20 PAB 4.20

27.38%

Tomato (1kg)

$6.27 $6.27

$4.03 PAB 4.03

55.58%

Potato (1kg)

$2.93 $2.93

$3.48 PAB 3.48

-15.80%

Onion (1kg)

$3.15 $3.15

$4.22 PAB 4.22

-25.36%

Lettuce (1 head)

$2.76 $2.76

$2.41 PAB 2.41

14.52%

Water (1.5 liter bottle)

$2.25 $2.25

$1.69 PAB 1.69

33.14%

Cigarettes 20 Pack (Marlboro, Camel)

$12.64 $12.64

$6.14 PAB 6.14

105.86%

Wine (Bottle)

$18.28 $18.28

$11.30 PAB 11.30

61.77%

Local Beer (0.5 liter bottle)

$1.70 $1.70

$1.42 PAB 1.42

19.72%

Imported Beer (0.33 liter bottle)

$3.33 $3.33

$2.73 PAB 2.73

21.98%

One-way Ticket (Public Transport)

$0.98 $0.98

$0.33 PAB 0.33

196.97%

Public Transport Monthly Pass (Regular Price)

$30.59 $30.59

$21.23 PAB 21.23

44.09%

Taxi Start (Normal Tariff)

$2.80 $2.80

$2.52 PAB 2.52

11.11%

Taxi (Normal Tariff) (1km)

$1.83 $1.83

$1.86 PAB 1.86

-1.61%

Taxi 1hour Waiting (Normal Tariff)

$40.07 $40.07

$21.78 PAB 21.78

83.98%

Gasoline (1 liter)

$1.06 $1.06

$1.25 PAB 1.25

-15.20%

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

$22.9K $22.9K

$21.2K PAB 21.2K

8.03%

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

$25.7K $25.7K

$21.0K PAB 21.0K

22.43%

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

$418 $418

$130 PAB 130

221.77%

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

$60.9 $60.9

$28.13 PAB 28.13

116.35%

Internet (50+ Mbps, Unlimited Data)

$137 $137

$48.21 PAB 48.21

183.88%

Gym Membership (Monthly)

$86.6 $86.6

$45.78 PAB 45.78

89.06%

Tennis Court (1 Hour on Weekend)

$10.17 $10.17

$34.92 PAB 34.92

-70.88%

Cinema Ticket

$9.94 $9.94

$8.67 PAB 8.67

14.65%

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

$1,218 $1,218

$544 PAB 544

123.76%

International Primary School, 1 Child (Yearly)

$10.2K $10.2K

$9,697 PAB 9,697

5.34%

Jeans (Levis 501 Or Similar)

$48.76 $48.76

$66.8 PAB 66.8

-26.95%

Summer Dress (H&M, Zara, etc)

$46.02 $46.02

$49.14 PAB 49.14

-6.35%

Sport Shoes (Adidas, Nike)

$109 $109

$93.9 PAB 93.9

16.29%

Men's Leather Business Shoes

$104 $104

$112 PAB 112

-6.47%

1-bedroom Apartment, City Center (Monthly)

$1,366 $1,366

$1,257 PAB 1,257

8.66%

1-bedroom Apartment, Outside City Center (Monthly)

$1,183 $1,183

$875 PAB 875

35.18%

3-bedroom Apartment, City Center (Monthly)

$2,209 $2,209

$2,155 PAB 2,155

2.49%

3-bedroom Apartment, Outside City Center (Monthly)

$1,831 $1,831

$1,564 PAB 1,564

17.09%

Buy Apartment in City Center (m2)

$2,122 $2,122

$3,122 PAB 3,122

-32.02%

Buy Apartment Outside City Center (m2)

$2,043 $2,043

$1,709 PAB 1,709

19.51%

Average Monthly Net Salary (After Tax)

$4,801 $4,801

$916 PAB 916

424.19%

20-Year Fixed Mortgage Interest Rate (Annual %)

5.49

6.39

-14.08%

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

Last update for Palmer, AK: October 12, 2026

Last update for Panama City: October 10, 2026

Monthly budget structure

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

Accommodation & Living

Palmer, AK

$1.2K 40.4%

Panama City

$875 47.2% 26% $308

Monthly Utilities & Internet

Palmer, AK

$616 21%

Panama City

$206 11.1% 66.5% $409

Groceries & Markets

Palmer, AK

$473 16.1%

Panama City

$325 17.5% 31.2% $147

Eating Out

Palmer, AK

$365 12.5%

Panama City

$207 11.1% 43.4% $158

Clothing & Footwear

Palmer, AK

$139 4.7%

Panama City

$145 7.8% 4.2% $5.9

Sport & Entertainment

Palmer, AK

$106 3.6%

Panama City

$63 3.4% 40.7% $43

Getting Around

Palmer, AK

$46 1.6%

Panama City

$34 1.9% 25.9% $12

Cost Breakdown

A central one-bedroom costs $1,366 in Palmer, AK 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 424% higher in Palmer, AK, 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 $74.0 in Palmer, AK versus $48.00 in Panama City. Monthly groceries follow the same trend: $473 vs $325 – making Panama City the more affordable choice for daily food spending.

Good to know

🇺🇸 Palmer, AK

🇵🇦 Panama City

🕒 Local time

09:46 9:46 AM

12:46 12:46 PM

3 h ahead of Palmer, AK

🌤 Weather

👥 Population

6,000

1,086,990 Capital

💱 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 18, 2026: 1 EUR = 1.12 USD (1 USD = 0.89 EUR).

Panamanian Balboa exchange rates as of October 18, 2026: 1 USD = 1 PAB (1 PAB = 1 USD). 1 EUR = 1.12 PAB (1 PAB = 0.89 EUR).

PAB to USD in detail →

On the map

Lowest

Highest

Between locations

Palmer, AK Panama City 8,060 km ≈ 11 h nonstop flight

From you

Palmer, AK
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

Palmer, AK vs Panama City: Cost of Living - Frequently Asked Questions

Yes – Palmer, AK is pricier by about 58%, and outside of rent the gap shows up most in eating out.

For a comfortable life, plan on about $4,391 per month in Palmer, AK 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 $2,927 in Palmer, AK and $1,855 in Panama City. That's a gap of about 58%.

Public transport costs about 44% less in Panama City. For daily commuters, that gap adds up to noticeable savings over a year.

A $2,500 monthly budget goes further in Panama City, where all-in costs run around $1,855, than in Palmer, AK at $2,927. In Panama City it covers expenses comfortably, while in Palmer, AK 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.

If budget matters most, go with Panama City. If higher salaries, better infrastructure, or specific career opportunities are the priority, Palmer, AK makes more sense. Both are solid long-term options with distinct trade-offs.