Last update: Oct 2026

Cost of Living Comparison Between Panama City, FL and Lisbon

For one person, living is cheaper in Lisbon: $2,210 a month against $2,409 in Panama City, FL, rent and utilities included – about $2,400 less a year. Other living expenses account for most of the difference.

115

Cost of Living Index in Panama City, FL
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Panama City, FL Living Index
107

Cost of Living Index in Lisbon
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Lisbon Living Index

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Panama City, FL

🇺🇸 United States

$2,409

/mo nomad

Lisbon

🇵🇹 Portugal

$2,210

/mo nomad

Monthly Cost of Living

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

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

Monthly costs for one person with rent: $2,409 in Panama City, FL versus $2,210 in Lisbon.

Panama City, FL $2,409
Lisbon $2,210

Estimated couple costs with rent: $3,287 in Panama City, FL versus $3,275 in Lisbon.

Panama City, FL $3,287
Lisbon $3,275

Monthly costs for a family of three with rent: $4,165 in Panama City, FL versus $4,341 in Lisbon.

Panama City, FL $4,165
Lisbon $4,341

Living in Panama City, FL is roughly 9% more expensive than in Lisbon, and outside of rent the biggest gap is in groceries.

Both cities are pricier than the global median: Panama City, FL 77% above, Lisbon 62% above.

Meal at Budget Restaurant

$18.74 $18.74

$16.65 €14.92

12.55%

Three-Course Dinner for Two, Mid-Range

$54.0 $54.0

$61.7 €55.3

-12.54%

Fast Food Meal (McDonalds, etc)

$12.11 $12.11

$11.36 €10.18

6.60%

Cappuccino

$5.60 $5.60

$2.97 €2.66

88.55%

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

$2.89 $2.89

$2.29 €2.05

26.20%

Water (0.33 liter bottle)

$1.70 $1.70

$1.74 €1.56

-2.30%

Local Beer (0.5 liter draught)

$5.10 $5.10

$3.40 €3.05

50.00%

Imported Beer (0.33 liter bottle)

$7.12 $7.12

$3.31 €2.97

115.11%

Milk (1 liter)

$0.90 $0.90

$1.16 €1.04

-22.41%

White Bread (500g)

$3.46 $3.46

$1.91 €1.71

81.15%

Rice (white) (1kg)

$2.66 $2.66

$1.51 €1.36

76.16%

Eggs

$3.30 $3.30

$4.02 €3.60

-17.91%

Local Cheese (1kg)

$10.78 $10.78

$12.94 €11.59

-16.69%

Chicken Fillets (1kg)

$11.61 $11.61

$7.77 €6.97

49.42%

Beef Round Steak (1kg)

$14.64 $14.64

$17.76 €15.92

-17.57%

Apples (1kg)

$4.10 $4.10

$2.30 €2.06

78.26%

Banana (1kg)

$1.49 $1.49

$1.73 €1.55

-13.87%

Oranges (1kg)

$2.73 $2.73

$1.86 €1.66

46.77%

Tomato (1kg)

$4.30 $4.30

$2.59 €2.32

66.02%

Potato (1kg)

$3.11 $3.11

$1.82 €1.63

70.88%

Onion (1kg)

$2.84 $2.84

$1.97 €1.76

44.16%

Lettuce (1 head)

$2.09 $2.09

$1.47 €1.32

42.18%

Water (1.5 liter bottle)

$2.22 $2.22

$0.72 €0.65

208.33%

Cigarettes 20 Pack (Marlboro, Camel)

$9.31 $9.31

$6.58 €5.90

41.49%

Wine (Bottle)

$12.15 $12.15

$5.61 €5.02

116.58%

Local Beer (0.5 liter bottle)

$1.70 $1.70

$1.36 €1.22

25.00%

Imported Beer (0.33 liter bottle)

$3.86 $3.86

$2.14 €1.91

80.37%

One-way Ticket (Public Transport)

$1.46 $1.46

$2.33 €2.09

-37.34%

Public Transport Monthly Pass (Regular Price)

$35.52 $35.52

$44.68 €40.04

-20.50%

Taxi Start (Normal Tariff)

$2.55 $2.55

$3.85 €3.45

-33.77%

Taxi (Normal Tariff) (1km)

$1.51 $1.51

$1.07 €0.96

41.12%

Taxi 1hour Waiting (Normal Tariff)

$26.17 $26.17

$16.46 €14.75

58.99%

Gasoline (1 liter)

$0.98 $0.98

$2.20 €1.97

-55.45%

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

$27.5K $27.5K

$34.2K €30.6K

-19.57%

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

$25.9K $25.9K

$38.7K €34.7K

-32.99%

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

$169 $169

$161 €144

5.04%

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

$44.38 $44.38

$18.41 €16.50

141.06%

Internet (50+ Mbps, Unlimited Data)

$59.5 $59.5

$32.74 €29.34

81.86%

Gym Membership (Monthly)

$24.35 $24.35

$44.55 €39.92

-45.34%

Tennis Court (1 Hour on Weekend)

$19.10 €17.11

Cinema Ticket

$12.87 $12.87

$9.60 €8.60

34.06%

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

$618 $618

$668 €598

-7.46%

International Primary School, 1 Child (Yearly)

$13.9K $13.9K

$17.6K €15.8K

-21.35%

Jeans (Levis 501 Or Similar)

$48.26 $48.26

$102 €91.4

-52.70%

Summer Dress (H&M, Zara, etc)

$40.43 $40.43

$44.46 €39.85

-9.06%

Sport Shoes (Adidas, Nike)

$84.5 $84.5

$98.5 €88.3

-14.26%

Men's Leather Business Shoes

$95.9 $95.9

$124 €111

-22.49%

1-bedroom Apartment, City Center (Monthly)

$921 $921

$1,608 €1,441

-42.73%

1-bedroom Apartment, Outside City Center (Monthly)

$1,248 $1,248

$1,190 €1,066

4.85%

3-bedroom Apartment, City Center (Monthly)

$1,673 $1,673

$2,812 €2,520

-40.52%

3-bedroom Apartment, Outside City Center (Monthly)

$1,662 $1,662

$2,013 €1,804

-17.46%

Buy Apartment in City Center (m2)

$3,269 $3,269

$7,839 €7,025

-58.30%

Buy Apartment Outside City Center (m2)

$2,694 $2,694

$4,576 €4,100

-41.11%

Average Monthly Net Salary (After Tax)

$3,980 $3,980

$1,575 €1,411

152.69%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.54

3.85

69.87%

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

Last update for Panama City, FL: October 27, 2026

Last update for Lisbon: October 27, 2026

Monthly budget structure

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

Accommodation & Living

Panama City, FL

$1.2K 51.8%

Lisbon

$1.2K 53.8% 4.6% $58

Groceries & Markets

Panama City, FL

$354 14.7%

Lisbon

$272 12.3% 23.1% $82

Eating Out

Panama City, FL

$312 12.9%

Lisbon

$243 11% 22.1% $69

Monthly Utilities & Internet

Panama City, FL

$273 11.3%

Lisbon

$212 9.6% 22.3% $61

Clothing & Footwear

Panama City, FL

$121 5%

Lisbon

$166 7.5% 37.1% $45

Getting Around

Panama City, FL

$51 2.1%

Lisbon

$63 2.9% 22.8% $12

Sport & Entertainment

Panama City, FL

$50 2.1%

Lisbon

$64 2.9% 27.3% $14

Cost Breakdown

A one-bedroom apartment in the center runs $921 in Panama City, FL and $1,608 in Lisbon. Housing cost is often the main lever when comparing two cities.

Panama City, FL pays about 2.5 times more on average. How far that income stretches comes down to housing choices and lifestyle.

Dining out: $54 in Panama City, FL vs $62 in Lisbon. Groceries flip the comparison at $354 vs $272, with Lisbon cheaper for home cooking.

Good to know

🇺🇸 Panama City, FL

🇵🇹 Lisbon

🕒 Local time

06:57 6:57 AM

11:57 11:57 AM

5 h ahead of Panama City, FL

🌤 Weather

👥 Population

36,484

545,923 Capital

💱 Currency

United States Dollar USD $

Euro EUR €

📈 Exchange rate

1 USD = 0.896 EUR

1 EUR = 1.12 USD

Exchange rates and currency converter

On the map

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Between locations

Panama City, FL Lisbon 6,880 km ≈ 9 h nonstop flight

From you

Panama City, FL
Lisbon

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 Lisbon: Cost of Living - Frequently Asked Questions

Total monthly costs including rent come to $2,409 in Panama City, FL and $2,210 in Lisbon, so Lisbon is about 8% cheaper – a gap that matters a lot on a fixed or modest income.

Average pay in Panama City, FL is about 2.5 times higher, which matters when comparing affordability. Whether that higher income actually nets you more depends on your spending habits and housing choices.

Rent for a central apartment: $921 in Panama City, FL versus $1,608 in Lisbon. Housing is usually the single largest factor when comparing overall living costs between the two.

Childcare runs $618 in Panama City, FL versus $668 in Lisbon. Over years of preschool, even a modest monthly gap compounds into a major financial factor for families.

Supermarket bills run roughly 30% higher in Panama City, FL. For households that cook at home regularly, that difference adds up over a month.

Either city works on $3,000 a month, though Lisbon gives you more room to save. At this income level, the choice is more about lifestyle than financial pressure.

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.

It comes down to priorities – Lisbon wins on affordability, Panama City, FL on earning potential. Factor in climate, language, visa rules, and proximity to places that matter to you before deciding.