Cost of Living Comparison Between Panama City, FL and Limassol Cost of Living Comparison Between Panama City, FL and Limassol

Monthly Cost of Living

A single person spends $2,601 per month in Panama City, FL vs $2,755 in Limassol, rent included.

A couple spends around $3,588 per month in Panama City, FL vs $3,942 in Limassol, rent included.

A family of three spends $4,576 per month in Panama City, FL vs $5,128 in Limassol, rent included.

Panama City, FL is about 6% cheaper than Limassol, driven mainly by Getting Around.

Both Panama City, FL and Limassol sit above the global median – Panama City, FL by 89%, Limassol by 101%.

Meal at Budget Restaurant

$17.62 $17.62

$23.04 €19.88

-23.52%

Three-Course Dinner for Two, Mid-Range

$78.4 $78.4

$81.1 €70.0

-3.30%

Fast Food Meal (McDonalds, etc)

$12.18 $12.18

$9.47 €8.17

28.62%

Cappuccino

$5.03 $5.03

$4.00 €3.45

25.75%

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

$2.66 $2.66

$2.03 €1.75

31.03%

Water (0.33 liter bottle)

$1.97 $1.97

$1.32 €1.14

49.24%

Local Beer (0.5 liter draught)

$5.12 $5.12

$5.35 €4.62

-4.30%

Imported Beer (0.33 liter bottle)

$6.79 $6.79

$5.75 €4.96

18.09%

Milk (1 liter)

$1.00 $1.00

$1.98 €1.71

-49.49%

White Bread (500g)

$3.56 $3.56

$2.55 €2.20

39.61%

Rice (white) (1kg)

$2.05 $2.05

$3.21 €2.77

-36.14%

Eggs

$2.90 $2.90

$4.86 €4.19

-40.33%

Local Cheese (1kg)

$11.49 $11.49

$13.47 €11.62

-14.70%

Chicken Fillets (1kg)

$10.35 $10.35

$9.64 €8.31

7.37%

Beef Round Steak (1kg)

$14.05 $14.05

$13.81 €11.92

1.74%

Apples (1kg)

$4.07 $4.07

$3.53 €3.04

15.30%

Banana (1kg)

$1.57 $1.57

$2.24 €1.94

-29.91%

Oranges (1kg)

$4.38 $4.38

$2.86 €2.47

53.15%

Tomato (1kg)

$4.58 $4.58

$3.69 €3.18

24.12%

Potato (1kg)

$3.70 $3.70

$2.13 €1.84

73.71%

Onion (1kg)

$3.64 $3.64

$1.63 €1.41

123.31%

Lettuce (1 head)

$1.74 $1.74

$1.21 €1.04

43.80%

Water (1.5 liter bottle)

$2.25 $2.25

$1.10 €0.95

104.55%

Cigarettes 20 Pack (Marlboro, Camel)

$8.85 $8.85

$6.74 €5.82

31.31%

Wine (Bottle)

$12.15 $12.15

$9.44 €8.14

28.71%

Local Beer (0.5 liter bottle)

$1.76 $1.76

$1.94 €1.67

-9.28%

Imported Beer (0.33 liter bottle)

$2.04 $2.04

$2.88 €2.49

-29.17%

One-way Ticket (Public Transport)

$1.54 $1.54

$2.38 €2.05

-35.29%

Public Transport Monthly Pass (Regular Price)

$52.5 €45.32

Taxi Start (Normal Tariff)

$2.57 $2.57

$9.93 €8.57

-74.12%

Taxi (Normal Tariff) (1km)

$1.57 $1.57

$2.20 €1.90

-28.64%

Taxi 1hour Waiting (Normal Tariff)

$49.37 $49.37

$34.79 €30.02

41.91%

Gasoline (1 liter)

$0.93 $0.93

$1.74 €1.50

-46.55%

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

$36.5K $36.5K

$31.3K €27.0K

16.51%

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

$25.8K $25.8K

$33.0K €28.5K

-21.68%

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

$174 $174

$229 €198

-24.25%

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

$43.22 $43.22

$21.75 €18.77

98.71%

Internet (50+ Mbps, Unlimited Data)

$61.1 $61.1

$33.36 €28.78

83.24%

Gym Membership (Monthly)

$40.67 $40.67

$97.9 €84.5

-58.45%

Tennis Court (1 Hour on Weekend)

$33.11 €28.57

Cinema Ticket

$14.55 $14.55

$12.54 €10.82

16.03%

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

$990 $990

$681 €588

45.31%

International Primary School, 1 Child (Yearly)

$13.7K $13.7K

$10.8K €9,307

26.87%

Jeans (Levis 501 Or Similar)

$59.2 $59.2

$97.5 €84.1

-39.24%

Summer Dress (H&M, Zara, etc)

$35.42 $35.42

$53.8 €46.42

-34.16%

Sport Shoes (Adidas, Nike)

$98.8 $98.8

$109 €94.3

-9.55%

Men's Leather Business Shoes

$105 $105

$119 €103

-12.05%

1-bedroom Apartment, City Center (Monthly)

$1,707 $1,707

$1,691 €1,459

0.96%

1-bedroom Apartment, Outside City Center (Monthly)

$1,502 $1,502

$1,405 €1,212

6.91%

3-bedroom Apartment, City Center (Monthly)

$2,672 $2,672

$2,713 €2,341

-1.52%

3-bedroom Apartment, Outside City Center (Monthly)

$1,928 $1,928

$2,173 €1,875

-11.25%

Buy Apartment in City Center (m2)

$3,698 $3,698

$5,647 €4,873

-34.51%

Buy Apartment Outside City Center (m2)

$3,704 $3,704

$4,166 €3,595

-11.11%

Average Monthly Net Salary (After Tax)

$3,985 $3,985

$2,736 €2,361

45.64%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.1

4.01

52.12%

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 Limassol: August 31, 2026

Cost Breakdown

A central one-bedroom costs $1,707 in Panama City, FL versus $1,691 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 46% 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 $78.0 in Panama City, FL versus $81.0 in Limassol. Groceries tell a different story – $353 in Panama City, FL vs $331 in Limassol – so Limassol wins on supermarket bills even if dining out costs more.

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 6%, and the gap shows up most in Getting Around. It's not just housing either; the difference applies across most spending categories.

For a comfortable life, plan on about $3,901 per month in Panama City, FL and $4,133 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 $78.0 in Panama City, FL and $81.0 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 $2,601 in Panama City, FL and $2,755 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.