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 $2,737 per month in Panama City, FL vs $2,572 in Limassol, rent included.

A couple spends around $3,627 per month in Panama City, FL vs $3,751 in Limassol, rent included.

A family of three spends $4,517 per month in Panama City, FL vs $4,930 in Limassol, rent included.

Panama City, FL costs about 6% more than Limassol, driven mainly by Clothing & Footwear.

Both Panama City, FL and Limassol sit above the global median – Panama City, FL by 104%, Limassol by 92%.

Meal at Budget Restaurant

$18.49 $18.49

$23.08 €19.85

-19.89%

Three-Course Dinner for Two, Mid-Range

$54.2 $54.2

$84.3 €72.5

-35.78%

Fast Food Meal (McDonalds, etc)

$10.68 $10.68

$9.42 €8.10

13.38%

Cappuccino

$4.94 $4.94

$4.32 €3.71

14.35%

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

$2.70 $2.70

$2.28 €1.96

18.42%

Water (0.33 liter bottle)

$2.16 $2.16

$1.09 €0.94

98.17%

Local Beer (0.5 liter draught)

$4.87 $4.87

$4.60 €3.96

5.87%

Imported Beer (0.33 liter bottle)

$6.63 $6.63

$5.71 €4.91

16.11%

Milk (1 liter)

$0.94 $0.94

$1.93 €1.66

-51.30%

White Bread (500g)

$3.20 $3.20

$2.24 €1.92

42.86%

Rice (white) (1kg)

$2.49 $2.49

$3.19 €2.75

-21.94%

Eggs

$3.28 $3.28

$4.12 €3.55

-20.39%

Local Cheese (1kg)

$10.54 $10.54

$12.44 €10.70

-15.27%

Chicken Fillets (1kg)

$11.49 $11.49

$9.80 €8.43

17.24%

Beef Round Steak (1kg)

$15.28 $15.28

$14.22 €12.23

7.45%

Apples (1kg)

$3.44 $3.44

$3.36 €2.89

2.38%

Banana (1kg)

$1.57 $1.57

$2.43 €2.09

-35.39%

Oranges (1kg)

$2.96 $2.96

$2.66 €2.29

11.28%

Tomato (1kg)

$4.13 $4.13

$3.65 €3.14

13.15%

Potato (1kg)

$3.06 $3.06

$1.81 €1.56

69.06%

Onion (1kg)

$2.85 $2.85

$1.83 €1.57

55.74%

Lettuce (1 head)

$2.05 $2.05

$1.38 €1.18

48.55%

Water (1.5 liter bottle)

$1.99 $1.99

$1.22 €1.05

63.11%

Cigarettes 20 Pack (Marlboro, Camel)

$8.11 $8.11

$5.88 €5.06

37.93%

Wine (Bottle)

$13.63 $13.63

$9.22 €7.93

47.83%

Local Beer (0.5 liter bottle)

$1.75 $1.75

$1.87 €1.60

-6.42%

Imported Beer (0.33 liter bottle)

$3.09 $3.09

$2.93 €2.52

5.46%

One-way Ticket (Public Transport)

$1.53 $1.53

$2.27 €1.95

-32.60%

Public Transport Monthly Pass (Regular Price)

$136 $136

$45.57 €39.20

199.41%

Taxi Start (Normal Tariff)

$2.52 $2.52

$7.49 €6.44

-66.36%

Taxi (Normal Tariff) (1km)

$1.57 $1.57

$1.87 €1.61

-16.04%

Taxi 1hour Waiting (Normal Tariff)

$25.51 $25.51

$34.70 €29.85

-26.48%

Gasoline (1 liter)

$0.82 $0.82

$1.66 €1.43

-50.60%

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

$22.7K $22.7K

$28.3K €24.3K

-19.70%

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

$24.8K $24.8K

$30.8K €26.5K

-19.50%

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

$218 $218

$239 €205

-8.78%

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

$43.26 $43.26

$24.48 €21.05

76.72%

Internet (50+ Mbps, Unlimited Data)

$65.7 $65.7

$36.72 €31.59

78.87%

Gym Membership (Monthly)

$40.22 $40.22

$84.1 €72.3

-52.15%

Tennis Court (1 Hour on Weekend)

$30.71 €26.42

Cinema Ticket

$13.17 $13.17

$11.49 €9.88

14.62%

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

$516 $516

$572 €492

-9.94%

International Primary School, 1 Child (Yearly)

$8,028 $8,028

$9,569 €8,231

-16.10%

Jeans (Levis 501 Or Similar)

$39.63 $39.63

$104 €89.1

-61.73%

Summer Dress (H&M, Zara, etc)

$42.24 $42.24

$59.5 €51.2

-29.02%

Sport Shoes (Adidas, Nike)

$61.0 $61.0

$114 €97.7

-46.30%

Men's Leather Business Shoes

$73.6 $73.6

$140 €120

-47.42%

1-bedroom Apartment, City Center (Monthly)

$1,673 $1,673

$1,560 €1,342

7.25%

1-bedroom Apartment, Outside City Center (Monthly)

$1,512 $1,512

$1,230 €1,058

23.01%

3-bedroom Apartment, City Center (Monthly)

$2,335 $2,335

$2,668 €2,295

-12.50%

3-bedroom Apartment, Outside City Center (Monthly)

$1,761 $1,761

$2,008 €1,727

-12.31%

Buy Apartment in City Center (m2)

$3,702 $3,702

$5,371 €4,620

-31.07%

Buy Apartment Outside City Center (m2)

$3,630 $3,630

$4,039 €3,475

-10.12%

Average Monthly Net Salary (After Tax)

$4,085 $4,085

$2,808 €2,416

45.45%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.43

4.27

50.59%

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

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

Last update for Limassol: May 30, 2026

Cost Breakdown

A central one-bedroom costs $1,673 in Panama City, FL versus $1,560 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 45% higher in Panama City, FL, 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 $54.0 in Panama City, FL versus $84.0 in Limassol. Groceries tell a different story – $348 in Panama City, FL vs $323 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 – Panama City, FL is pricier by about 6%, and the gap shows up most in Clothing & Footwear. It's not just housing either; the difference applies across most spending categories.

For a comfortable life, plan on about $4,106 per month in Panama City, FL and $3,859 in Limassol. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

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

Kindergarten costs $516 per month in Panama City, FL and $572 in Limassol. For families with young kids, this one expense can tip the scales when choosing between the two cities.

Groceries cost about 8% more in Panama City, FL, though it depends on what you buy. Local produce may be comparable; imported and premium items show the biggest price gap.

$2,500 is a stretch for both – monthly costs hit $2,737 in Panama City, FL and $2,572 in Limassol. You'll need shared housing and careful budgeting no matter which city you pick.

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