Last update: Oct 2026

Cost of Living Comparison Between Panama City, FL and Austin, TX

For one person, living costs are similar in Panama City, FL and in Austin, TX: $2,615 and $2,663 a month, rent and utilities included.

128

Cost of Living Index in Panama City, FL
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Panama City, FL Living Index
130

Cost of Living Index in Austin, TX
Learn more

Austin, TX Living Index

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Panama City, FL

🇺🇸 United States

$2,615

/mo nomad

Austin, TX

🇺🇸 United States

$2,663

/mo nomad

Monthly Cost of Living

How much you'll spend in Panama City, FL and in Austin, TX

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Panama City, FL and in Austin, TX actually costs, broken down by who's living it.

Monthly costs for one person with rent: $2,615 in Panama City, FL versus $2,663 in Austin, TX.

Panama City, FL $2,615
Austin, TX $2,663

Estimated couple costs with rent: $3,488 in Panama City, FL versus $4,133 in Austin, TX.

Panama City, FL $3,488
Austin, TX $4,133

Monthly costs for a family of three with rent: $4,361 in Panama City, FL versus $5,603 in Austin, TX.

Panama City, FL $4,361
Austin, TX $5,603

Living in Panama City, FL costs roughly 2% less than in Austin, TX, and outside of rent the biggest gap is in groceries.

Both cities are pricier than the global median: Panama City, FL 94% above, Austin, TX 97% above.

Meal at Budget Restaurant

$18.56 $18.56

$20.77 $20.77

-10.64%

Three-Course Dinner for Two, Mid-Range

$54.7 $54.7

$84.6 $84.6

-35.32%

Fast Food Meal (McDonalds, etc)

$11.88 $11.88

$12.32 $12.32

-3.57%

Cappuccino

$5.41 $5.41

$5.63 $5.63

-3.91%

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

$2.96 $2.96

$3.72 $3.72

-20.43%

Water (0.33 liter bottle)

$1.69 $1.69

$2.50 $2.50

-32.40%

Local Beer (0.5 liter draught)

$5.01 $5.01

$8.05 $8.05

-37.76%

Imported Beer (0.33 liter bottle)

$6.97 $6.97

$9.01 $9.01

-22.64%

Milk (1 liter)

$0.90 $0.90

$1.12 $1.12

-19.64%

White Bread (500g)

$3.52 $3.52

$3.75 $3.75

-6.13%

Rice (white) (1kg)

$2.62 $2.62

$3.26 $3.26

-19.63%

Eggs

$3.27 $3.27

$4.17 $4.17

-21.58%

Local Cheese (1kg)

$10.52 $10.52

$12.90 $12.90

-18.45%

Chicken Fillets (1kg)

$11.58 $11.58

$14.16 $14.16

-18.22%

Beef Round Steak (1kg)

$14.24 $14.24

$16.22 $16.22

-12.21%

Apples (1kg)

$3.92 $3.92

$4.33 $4.33

-9.47%

Banana (1kg)

$1.52 $1.52

$1.46 $1.46

4.11%

Oranges (1kg)

$2.65 $2.65

$4.51 $4.51

-41.24%

Tomato (1kg)

$4.15 $4.15

$4.34 $4.34

-4.38%

Potato (1kg)

$3.23 $3.23

$2.58 $2.58

25.19%

Onion (1kg)

$2.87 $2.87

$2.35 $2.35

22.13%

Lettuce (1 head)

$2.10 $2.10

$1.78 $1.78

17.98%

Water (1.5 liter bottle)

$2.11 $2.11

$2.22 $2.22

-4.95%

Cigarettes 20 Pack (Marlboro, Camel)

$9.03 $9.03

$9.88 $9.88

-8.60%

Wine (Bottle)

$12.09 $12.09

$15.08 $15.08

-19.83%

Local Beer (0.5 liter bottle)

$1.77 $1.77

$2.92 $2.92

-39.38%

Imported Beer (0.33 liter bottle)

$3.89 $3.89

$3.46 $3.46

12.43%

One-way Ticket (Public Transport)

$1.46 $1.46

$1.49 $1.49

-2.01%

Public Transport Monthly Pass (Regular Price)

$41.72 $41.72

Taxi Start (Normal Tariff)

$2.57 $2.57

$2.73 $2.73

-5.86%

Taxi (Normal Tariff) (1km)

$1.57 $1.57

$1.66 $1.66

-5.42%

Taxi 1hour Waiting (Normal Tariff)

$26.33 $26.33

$35.30 $35.30

-25.41%

Gasoline (1 liter)

$0.92 $0.92

$0.95 $0.95

-3.16%

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

$37.3K $37.3K

$36.0K $36.0K

3.47%

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

$26.4K $26.4K

$27.1K $27.1K

-2.42%

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

$173 $173

$229 $229

-24.43%

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

$43.39 $43.39

$59.4 $59.4

-26.94%

Internet (50+ Mbps, Unlimited Data)

$59.7 $59.7

$69.9 $69.9

-14.55%

Gym Membership (Monthly)

$39.65 $39.65

$57.2 $57.2

-30.73%

Tennis Court (1 Hour on Weekend)

$16.33 $16.33

Cinema Ticket

$13.11 $13.11

$14.28 $14.28

-8.19%

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

$610 $610

$1,506 $1,506

-59.48%

International Primary School, 1 Child (Yearly)

$13.8K $13.8K

$21.5K $21.5K

-35.77%

Jeans (Levis 501 Or Similar)

$48.39 $48.39

$52.8 $52.8

-8.37%

Summer Dress (H&M, Zara, etc)

$39.80 $39.80

$43.82 $43.82

-9.17%

Sport Shoes (Adidas, Nike)

$86.1 $86.1

$84.8 $84.8

1.57%

Men's Leather Business Shoes

$94.7 $94.7

$103 $103

-8.03%

1-bedroom Apartment, City Center (Monthly)

$1,703 $1,703

$1,907 $1,907

-10.72%

1-bedroom Apartment, Outside City Center (Monthly)

$1,479 $1,479

$1,274 $1,274

16.10%

3-bedroom Apartment, City Center (Monthly)

$2,754 $2,754

$3,664 $3,664

-24.85%

3-bedroom Apartment, Outside City Center (Monthly)

$1,911 $1,911

$2,538 $2,538

-24.72%

Buy Apartment in City Center (m2)

$3,611 $3,611

$7,614 $7,614

-52.57%

Buy Apartment Outside City Center (m2)

$3,677 $3,677

$3,157 $3,157

16.47%

Average Monthly Net Salary (After Tax)

$4,001 $4,001

$5,121 $5,121

-21.86%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.54

6.79

-3.68%

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

Last update for Panama City, FL: October 12, 2026

Last update for Austin, TX: October 12, 2026

Monthly budget structure

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

Accommodation & Living

Panama City, FL

$1.5K 56.6%

Austin, TX

$1.3K 47.8% 13.9% $205

Groceries & Markets

Panama City, FL

$350 13.4%

Austin, TX

$405 15.2% 15.6% $55

Eating Out

Panama City, FL

$307 11.7%

Austin, TX

$354 13.3% 15.4% $47

Monthly Utilities & Internet

Panama City, FL

$276 10.6%

Austin, TX

$358 13.5% 29.7% $82

Clothing & Footwear

Panama City, FL

$121 4.6%

Austin, TX

$128 4.8% 5.7% $6.9

Sport & Entertainment

Panama City, FL

$66 2.5%

Austin, TX

$86 3.2% 30.2% $20

Getting Around

Panama City, FL

$16 * 0.6%

Austin, TX

$59 2.2% 262% $42

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 $1,703 in Panama City, FL and $1,907 in Austin, TX. Housing cost is often the main lever when comparing two cities.

Austin, TX pays 28% 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: $55.0 in Panama City, FL vs $85.0 in Austin, TX for a mid-range dinner for two. Groceries echo the gap at $350 vs $405 per month, with Panama City, FL cheaper across the board.

Good to know

🇺🇸 Panama City, FL

🇺🇸 Austin, TX

🕒 Local time

08:09 8:09 AM

Same time as Panama City, FL

🌤 Weather

👥 Population

36,484

974,447

💱 Currency

United States Dollar USD $

📈 Exchange rate

1 USD = 0.89 EUR

Exchange rates and currency converter

On the map

Lowest

Highest

Between locations

Panama City, FL Austin, TX 1,160 km ≈ 2 h nonstop flight

From you

Panama City, FL
Austin, TX

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

Panama City, FL vs Austin, TX: Cost of Living - Frequently Asked Questions

Panama City, FL wins on cost – living expenses run 2% lower than in Austin, TX. Housing and daily spending are where you'll feel the difference most, making Panama City, FL the obvious pick if budget is a priority.

On paper, salaries run 28% lower in Austin, TX. That's worth factoring in alongside costs, though remote workers earning in a stronger currency may not notice the difference at all.

Rent for a central apartment: $1,703 in Panama City, FL versus $1,907 in Austin, TX. Housing is usually the single largest factor when comparing overall living costs between the two.

Childcare runs $610 in Panama City, FL versus $1,506 in Austin, TX. Over years of preschool, even a modest monthly gap compounds into a major financial factor for families.

Dining out is cheaper in Panama City, FL – a meal for two runs $55.0 versus $85.0 in Austin, TX. If you eat out regularly, this makes a real dent in your monthly spending.

Both cities are expensive relative to $2,000. Panama City, FL is the more realistic option, but even there you'll need to be disciplined with housing, food, and fun money.

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.

Expats usually find Panama City, FL gentler on the wallet – expenses run 2% less than in Austin, TX. Beyond cost, consider language, visa policies, and how big the international community is in each city.