Last update: Oct 2026

Cost of Living Comparison Between Panama City, FL and Limassol

For one person, living costs are similar in Panama City, FL and in Limassol: $2,615 and $2,671 a month, rent and utilities included.

128

Cost of Living Index in Panama City, FL
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Panama City, FL Living Index
131

Cost of Living Index in Limassol
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Limassol Living Index

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Panama City, FL

🇺🇸 United States

$2,615

/mo nomad

Limassol

🇨🇾 Cyprus

$2,671

/mo nomad

Monthly Cost of Living

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

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 Limassol actually costs, broken down by who's living it.

A single person spends $2,615 per month in Panama City, FL vs $2,671 in Limassol, rent included.

Panama City, FL $2,615
Limassol $2,671

A couple spends around $3,488 per month in Panama City, FL vs $3,821 in Limassol, rent included.

Panama City, FL $3,488
Limassol $3,821

A family of three spends $4,361 per month in Panama City, FL vs $4,971 in Limassol, rent included.

Panama City, FL $4,361
Limassol $4,971

Panama City, FL is about 2% cheaper than Limassol, and outside of rent the biggest gap is in transport.

Both Panama City, FL and Limassol sit above the global median – Panama City, FL by 94%, Limassol by 98%.

Meal at Budget Restaurant

$18.56 $18.56

$22.06 €19.62

-15.87%

Three-Course Dinner for Two, Mid-Range

$54.7 $54.7

$77.3 €68.8

-29.23%

Fast Food Meal (McDonalds, etc)

$11.88 $11.88

$9.43 €8.38

25.98%

Cappuccino

$5.41 $5.41

$3.99 €3.55

35.59%

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

$2.96 $2.96

$1.97 €1.75

50.25%

Water (0.33 liter bottle)

$1.69 $1.69

$1.23 €1.09

37.40%

Local Beer (0.5 liter draught)

$5.01 $5.01

$5.36 €4.77

-6.53%

Imported Beer (0.33 liter bottle)

$6.97 $6.97

$5.69 €5.06

22.50%

Milk (1 liter)

$0.90 $0.90

$1.98 €1.76

-54.55%

White Bread (500g)

$3.52 $3.52

$2.52 €2.24

39.68%

Rice (white) (1kg)

$2.62 $2.62

$3.05 €2.71

-14.10%

Eggs

$3.27 $3.27

$4.62 €4.11

-29.22%

Local Cheese (1kg)

$10.52 $10.52

$13.39 €11.91

-21.43%

Chicken Fillets (1kg)

$11.58 $11.58

$9.62 €8.56

20.37%

Beef Round Steak (1kg)

$14.24 $14.24

$13.89 €12.36

2.52%

Apples (1kg)

$3.92 $3.92

$3.48 €3.09

12.64%

Banana (1kg)

$1.52 $1.52

$2.33 €2.07

-34.76%

Oranges (1kg)

$2.65 $2.65

$2.88 €2.56

-7.99%

Tomato (1kg)

$4.15 $4.15

$3.67 €3.26

13.08%

Potato (1kg)

$3.23 $3.23

$2.09 €1.86

54.55%

Onion (1kg)

$2.87 $2.87

$1.56 €1.39

83.97%

Lettuce (1 head)

$2.10 $2.10

$1.29 €1.15

62.79%

Water (1.5 liter bottle)

$2.11 $2.11

$1.11 €0.98

90.09%

Cigarettes 20 Pack (Marlboro, Camel)

$9.03 $9.03

$6.62 €5.89

36.40%

Wine (Bottle)

$12.09 $12.09

$9.17 €8.16

31.84%

Local Beer (0.5 liter bottle)

$1.77 $1.77

$1.82 €1.62

-2.75%

Imported Beer (0.33 liter bottle)

$3.89 $3.89

$2.78 €2.47

39.93%

One-way Ticket (Public Transport)

$1.46 $1.46

$2.20 €1.96

-33.64%

Public Transport Monthly Pass (Regular Price)

$51.2 €45.54

Taxi Start (Normal Tariff)

$2.57 $2.57

$10.19 €9.07

-74.78%

Taxi (Normal Tariff) (1km)

$1.57 $1.57

$2.21 €1.96

-28.96%

Taxi 1hour Waiting (Normal Tariff)

$26.33 $26.33

$68.2 €60.6

-61.36%

Gasoline (1 liter)

$0.92 $0.92

$1.79 €1.59

-48.60%

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

$37.3K $37.3K

$33.0K €29.3K

13.05%

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

$26.4K $26.4K

$31.4K €27.9K

-15.82%

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

$173 $173

$233 €208

-25.85%

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

$43.39 $43.39

$20.46 €18.20

112.07%

Internet (50+ Mbps, Unlimited Data)

$59.7 $59.7

$32.05 €28.51

86.40%

Gym Membership (Monthly)

$39.65 $39.65

$97.4 €86.6

-59.28%

Tennis Court (1 Hour on Weekend)

$34.67 €30.84

Cinema Ticket

$13.11 $13.11

$13.40 €11.92

-2.16%

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

$610 $610

$676 €601

-9.74%

International Primary School, 1 Child (Yearly)

$13.8K $13.8K

$10.6K €9,435

29.93%

Jeans (Levis 501 Or Similar)

$48.39 $48.39

$97.2 €86.4

-50.19%

Summer Dress (H&M, Zara, etc)

$39.80 $39.80

$51.9 €46.12

-23.24%

Sport Shoes (Adidas, Nike)

$86.1 $86.1

$111 €98.9

-22.58%

Men's Leather Business Shoes

$94.7 $94.7

$117 €104

-18.89%

1-bedroom Apartment, City Center (Monthly)

$1,703 $1,703

$1,620 €1,441

5.11%

1-bedroom Apartment, Outside City Center (Monthly)

$1,479 $1,479

$1,379 €1,227

7.27%

3-bedroom Apartment, City Center (Monthly)

$2,754 $2,754

$2,644 €2,352

4.16%

3-bedroom Apartment, Outside City Center (Monthly)

$1,911 $1,911

$2,061 €1,833

-7.27%

Buy Apartment in City Center (m2)

$3,611 $3,611

$5,516 €4,907

-34.54%

Buy Apartment Outside City Center (m2)

$3,677 $3,677

$4,242 €3,773

-13.31%

Average Monthly Net Salary (After Tax)

$4,001 $4,001

$2,537 €2,257

57.69%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.54

3.93

66.41%

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 Limassol: 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%

Limassol

$1.4K 51.6% 6.8% $100

Groceries & Markets

Panama City, FL

$350 13.4%

Limassol

$328 12.3% 6.4% $22

Eating Out

Panama City, FL

$307 11.7%

Limassol

$304 11.4% 1% $3

Monthly Utilities & Internet

Panama City, FL

$276 10.6%

Limassol

$286 10.7% 3.5% $9.7

Clothing & Footwear

Panama City, FL

$121 4.6%

Limassol

$170 6.4% 40.1% $49

Sport & Entertainment

Panama City, FL

$66 2.5%

Limassol

$124 4.7% 88.5% $58

Getting Around

Panama City, FL

$16 * 0.6%

Limassol

$81 3% 401% $65

Categories marked with * are only partly priced – their share counts the items that do have prices.

Cost Breakdown

A central one-bedroom costs $1,703 in Panama City, FL versus $1,620 in Limassol. 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 58% higher in Panama City, FL, which reinforces the cost advantage – you earn more and spend less. Purchasing power leans clearly in its favor.

A mid-range dinner for two costs $55.0 in Panama City, FL versus $77.0 in Limassol. Groceries tell a different story – $350 in Panama City, FL vs $328 in Limassol – so Limassol wins on supermarket bills even if dining out costs more.

Good to know

🇺🇸 Panama City, FL

🇨🇾 Limassol

🕒 Local time

08:09 8:09 AM

16:09 4:09 PM

8 h ahead of Panama City, FL

🌤 Weather

👥 Population

36,484

101,000

💱 Currency

United States Dollar USD $

Euro EUR €

📈 Exchange rate

1 USD = 0.89 EUR

1 EUR = 1.12 USD

Exchange rates and currency converter

On the map

Lowest

Highest

Between locations

Panama City, FL Limassol 10,360 km ≈ 13 h nonstop flight

From you

Panama City, FL
Limassol

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 Limassol: Cost of Living - Frequently Asked Questions

Yes – Limassol is pricier by about 2%, and outside of rent the gap shows up most in transport.

For a comfortable life, plan on about $3,923 per month in Panama City, FL and $4,007 in Limassol. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Panama City, FL, especially for central apartments. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

A mid-range dinner for two costs $55.0 in Panama City, FL and $77.0 in Limassol. That's a good indicator of the overall restaurant and café pricing gap between the two cities.

Interestingly, groceries are about 7% cheaper in Limassol – one category where the pricier city actually offers better value, probably thanks to stronger retail competition or local farming.

$2,000 is a stretch for both – monthly costs hit $2,615 in Panama City, FL and $2,671 in Limassol. You'll need shared housing and careful budgeting no matter which city you pick.

Families tend to lean toward Panama City, FL – 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, FL. If higher salaries, better infrastructure, or specific career opportunities are the priority, Limassol makes more sense. Both are solid long-term options with distinct trade-offs.