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

Monthly Cost of Living

Monthly costs for one person with rent: $2,601 in Panama City, FL versus $2,695 in Austin, TX.

Estimated couple costs with rent: $3,588 in Panama City, FL versus $4,184 in Austin, TX.

Monthly costs for a family of three with rent: $4,576 in Panama City, FL versus $5,674 in Austin, TX.

Living in Panama City, FL costs roughly 3% less than in Austin, TX, driven mainly by Groceries & Markets.

Both cities are pricier than the global median: Panama City, FL 89% above, Austin, TX 96% above.

Meal at Budget Restaurant

$17.62 $17.62

$19.82 $19.82

-11.10%

Three-Course Dinner for Two, Mid-Range

$78.4 $78.4

$83.9 $83.9

-6.52%

Fast Food Meal (McDonalds, etc)

$12.18 $12.18

$12.30 $12.30

-0.98%

Cappuccino

$5.03 $5.03

$5.48 $5.48

-8.21%

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

$2.66 $2.66

$3.72 $3.72

-28.49%

Water (0.33 liter bottle)

$1.97 $1.97

$2.36 $2.36

-16.53%

Local Beer (0.5 liter draught)

$5.12 $5.12

$7.76 $7.76

-34.02%

Imported Beer (0.33 liter bottle)

$6.79 $6.79

$9.14 $9.14

-25.71%

Milk (1 liter)

$1.00 $1.00

$1.13 $1.13

-11.50%

White Bread (500g)

$3.56 $3.56

$3.75 $3.75

-5.07%

Rice (white) (1kg)

$2.05 $2.05

$3.43 $3.43

-40.23%

Eggs

$2.90 $2.90

$4.35 $4.35

-33.33%

Local Cheese (1kg)

$11.49 $11.49

$13.14 $13.14

-12.56%

Chicken Fillets (1kg)

$10.35 $10.35

$14.39 $14.39

-28.08%

Beef Round Steak (1kg)

$14.05 $14.05

$17.20 $17.20

-18.31%

Apples (1kg)

$4.07 $4.07

$4.49 $4.49

-9.35%

Banana (1kg)

$1.57 $1.57

$1.44 $1.44

9.03%

Oranges (1kg)

$4.38 $4.38

$4.67 $4.67

-6.21%

Tomato (1kg)

$4.58 $4.58

$4.97 $4.97

-7.85%

Potato (1kg)

$3.70 $3.70

$3.00 $3.00

23.33%

Onion (1kg)

$3.64 $3.64

$2.69 $2.69

35.32%

Lettuce (1 head)

$1.74 $1.74

$1.85 $1.85

-5.95%

Water (1.5 liter bottle)

$2.25 $2.25

$2.18 $2.18

3.21%

Cigarettes 20 Pack (Marlboro, Camel)

$8.85 $8.85

$9.45 $9.45

-6.35%

Wine (Bottle)

$12.15 $12.15

$15.11 $15.11

-19.59%

Local Beer (0.5 liter bottle)

$1.76 $1.76

$2.89 $2.89

-39.10%

Imported Beer (0.33 liter bottle)

$2.04 $2.04

$3.49 $3.49

-41.55%

One-way Ticket (Public Transport)

$1.54 $1.54

$1.64 $1.64

-6.10%

Public Transport Monthly Pass (Regular Price)

$40.44 $40.44

Taxi Start (Normal Tariff)

$2.57 $2.57

$2.81 $2.81

-8.54%

Taxi (Normal Tariff) (1km)

$1.57 $1.57

$1.58 $1.58

-0.63%

Taxi 1hour Waiting (Normal Tariff)

$49.37 $49.37

$35.18 $35.18

40.34%

Gasoline (1 liter)

$0.93 $0.93

$0.90 $0.90

3.33%

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

$36.5K $36.5K

$35.9K $35.9K

1.63%

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

$25.8K $25.8K

$27.7K $27.7K

-6.57%

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

$174 $174

$222 $222

-21.79%

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

$43.22 $43.22

$58.3 $58.3

-25.82%

Internet (50+ Mbps, Unlimited Data)

$61.1 $61.1

$69.1 $69.1

-11.52%

Gym Membership (Monthly)

$40.67 $40.67

$66.2 $66.2

-38.53%

Tennis Court (1 Hour on Weekend)

$14.76 $14.76

Cinema Ticket

$14.55 $14.55

$13.78 $13.78

5.59%

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

$990 $990

$1,526 $1,526

-35.13%

International Primary School, 1 Child (Yearly)

$13.7K $13.7K

$21.2K $21.2K

-35.44%

Jeans (Levis 501 Or Similar)

$59.2 $59.2

$54.6 $54.6

8.60%

Summer Dress (H&M, Zara, etc)

$35.42 $35.42

$44.01 $44.01

-19.52%

Sport Shoes (Adidas, Nike)

$98.8 $98.8

$89.7 $89.7

10.12%

Men's Leather Business Shoes

$105 $105

$109 $109

-3.60%

1-bedroom Apartment, City Center (Monthly)

$1,707 $1,707

$1,942 $1,942

-12.08%

1-bedroom Apartment, Outside City Center (Monthly)

$1,502 $1,502

$1,258 $1,258

19.36%

3-bedroom Apartment, City Center (Monthly)

$2,672 $2,672

$3,762 $3,762

-28.97%

3-bedroom Apartment, Outside City Center (Monthly)

$1,928 $1,928

$2,592 $2,592

-25.62%

Buy Apartment in City Center (m2)

$3,698 $3,698

$7,403 $7,403

-50.05%

Buy Apartment Outside City Center (m2)

$3,704 $3,704

$3,203 $3,203

15.61%

Average Monthly Net Salary (After Tax)

$3,985 $3,985

$5,085 $5,085

-21.64%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.1

6.44

-5.28%

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

Last update for Panama City, FL: August 31, 2026

Last update for Austin, TX: August 31, 2026

Cost Breakdown

A one-bedroom apartment in the center runs $1,707 in Panama City, FL and $1,942 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: $78.0 in Panama City, FL vs $84.0 in Austin, TX for a mid-range dinner for two. Groceries echo the gap at $353 vs $417 per month, with Panama City, FL cheaper across the board.

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 4% 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: $1,707 in Panama City, FL versus $1,942 in Austin, TX. Housing is usually the single largest factor when comparing overall living costs between the two.

Childcare runs $990 in Panama City, FL versus $1,526 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 $78.0 versus $84.0 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 4% less than in Austin, TX. Beyond cost, consider language, visa policies, and how big the international community is in each city.