Last update: Nov 2026

Cost of Living Comparison Between Panama City and Alamogordo, NM

For one person, living costs are similar in Panama City and in Alamogordo, NM: $1,972 and $1,992 a month, rent and utilities included.

95

Cost of Living Index in Panama City
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Panama City Living Index
95

Cost of Living Index in Alamogordo, NM
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Alamogordo, NM Living Index

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Panama City

🇵🇦 Panama

$1,972

/mo nomad

Alamogordo, NM

🇺🇸 United States

$1,992

/mo nomad

Monthly Cost of Living

How much you'll spend in Panama City and in Alamogordo, NM

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Panama City and in Alamogordo, NM actually costs, broken down by who's living it.

Monthly costs for one person with rent: $1,972 in Panama City versus $1,992 in Alamogordo, NM.

Panama City $1,972
Alamogordo, NM $1,992

Estimated couple costs with rent: $2,930 in Panama City versus $3,022 in Alamogordo, NM.

Panama City $2,930
Alamogordo, NM $3,022

Monthly costs for a family of three with rent: $3,888 in Panama City versus $4,051 in Alamogordo, NM.

Panama City $3,888
Alamogordo, NM $4,051

Monthly costs are close between Panama City and Alamogordo, NM; which city is cheaper depends on the spending category.

Both cities are pricier than the global median: Panama City 46% above, Alamogordo, NM 47% above.

Meal at Budget Restaurant

$11.37 PAB 11.37

$17.07 $17.07

-33.39%

Three-Course Dinner for Two, Mid-Range

$46.69 PAB 46.69

$73.6 $73.6

-36.54%

Fast Food Meal (McDonalds, etc)

$7.98 PAB 7.98

$8.85 $8.85

-9.83%

Cappuccino

$4.12 PAB 4.12

$5.52 $5.52

-25.36%

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

$2.01 PAB 2.01

$2.92 $2.92

-31.16%

Water (0.33 liter bottle)

$1.57 PAB 1.57

$1.95 $1.95

-19.49%

Local Beer (0.5 liter draught)

$3.28 PAB 3.28

$5.03 $5.03

-34.79%

Imported Beer (0.33 liter bottle)

$3.88 PAB 3.88

$4.89 $4.89

-20.65%

Milk (1 liter)

$1.82 PAB 1.82

$1.17 $1.17

55.56%

White Bread (500g)

$2.61 PAB 2.61

$4.26 $4.26

-38.73%

Rice (white) (1kg)

$3.45 PAB 3.45

$5.55 $5.55

-37.84%

Eggs

$2.68 PAB 2.68

$4.16 $4.16

-35.58%

Local Cheese (1kg)

$12.42 PAB 12.42

$16.29 $16.29

-23.76%

Chicken Fillets (1kg)

$6.73 PAB 6.73

$20.70 $20.70

-67.49%

Beef Round Steak (1kg)

$10.44 PAB 10.44

$16.55 $16.55

-36.92%

Apples (1kg)

$4.21 PAB 4.21

$6.02 $6.02

-30.07%

Banana (1kg)

$1.95 PAB 1.95

$1.76 $1.76

10.80%

Oranges (1kg)

$4.07 PAB 4.07

$3.76 $3.76

8.24%

Tomato (1kg)

$4.02 PAB 4.02

$4.28 $4.28

-6.07%

Potato (1kg)

$3.46 PAB 3.46

$8.87 $8.87

-60.99%

Onion (1kg)

$4.42 PAB 4.42

$2.05 $2.05

115.61%

Lettuce (1 head)

$2.43 PAB 2.43

$2.49 $2.49

-2.41%

Water (1.5 liter bottle)

$1.72 PAB 1.72

$2.43 $2.43

-29.22%

Cigarettes 20 Pack (Marlboro, Camel)

$6.04 PAB 6.04

$10.84 $10.84

-44.28%

Wine (Bottle)

$11.68 PAB 11.68

$16.15 $16.15

-27.68%

Local Beer (0.5 liter bottle)

$1.41 PAB 1.41

$2.05 $2.05

-31.22%

Imported Beer (0.33 liter bottle)

$2.74 PAB 2.74

$4.21 $4.21

-34.92%

One-way Ticket (Public Transport)

$0.33 PAB 0.33

$1.03 $1.03

-67.96%

Public Transport Monthly Pass (Regular Price)

$20.65 PAB 20.65

Taxi Start (Normal Tariff)

$2.45 PAB 2.45

$3.58 $3.58

-31.56%

Taxi (Normal Tariff) (1km)

$1.76 PAB 1.76

$2.40 $2.40

-26.67%

Taxi 1hour Waiting (Normal Tariff)

$21.86 PAB 21.86

$34.54 $34.54

-36.71%

Gasoline (1 liter)

$1.20 PAB 1.20

$1.04 $1.04

15.38%

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

$24.6K PAB 24.6K

$26.4K $26.4K

-6.85%

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

$20.9K PAB 20.9K

$25.9K $25.9K

-19.21%

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

$132 PAB 132

$134 $134

-1.80%

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

$27.89 PAB 27.89

$44.13 $44.13

-36.80%

Internet (50+ Mbps, Unlimited Data)

$49.10 PAB 49.10

$67.9 $67.9

-27.67%

Gym Membership (Monthly)

$44.53 PAB 44.53

Tennis Court (1 Hour on Weekend)

$34.01 PAB 34.01

$21.57 $21.57

57.67%

Cinema Ticket

$8.70 PAB 8.70

$11.15 $11.15

-21.97%

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

$537 PAB 537

$1,362 $1,362

-60.58%

International Primary School, 1 Child (Yearly)

$20.5K PAB 20.5K

$22.8K $22.8K

-10.17%

Jeans (Levis 501 Or Similar)

$65.8 PAB 65.8

$61.2 $61.2

7.46%

Summer Dress (H&M, Zara, etc)

$48.45 PAB 48.45

$56.6 $56.6

-14.35%

Sport Shoes (Adidas, Nike)

$95.4 PAB 95.4

$79.3 $79.3

20.32%

Men's Leather Business Shoes

$114 PAB 114

1-bedroom Apartment, City Center (Monthly)

$1,405 PAB 1,405

$1,030 $1,030

36.38%

1-bedroom Apartment, Outside City Center (Monthly)

$994 PAB 994

$839 $839

18.54%

3-bedroom Apartment, City Center (Monthly)

$2,221 PAB 2,221

$1,603 $1,603

38.59%

3-bedroom Apartment, Outside City Center (Monthly)

$1,714 PAB 1,714

$1,388 $1,388

23.45%

Buy Apartment in City Center (m2)

$3,139 PAB 3,139

$1,922 $1,922

63.31%

Buy Apartment Outside City Center (m2)

$1,724 PAB 1,724

$1,889 $1,889

-8.75%

Average Monthly Net Salary (After Tax)

$936 PAB 936

$2,769 $2,769

-66.20%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.39

6.50%

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

Last update for Panama City: November 3, 2026

Last update for Alamogordo, NM: November 2, 2026

Monthly budget structure

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

Accommodation & Living

Panama City

$994 50.4%

Alamogordo, NM

$839 42.1% 15.6% $155

Groceries & Markets

Panama City

$326 16.5%

Alamogordo, NM

$493 24.8% 51.4% $168

Monthly Utilities & Internet

Panama City

$209 10.6%

Alamogordo, NM

$246 12.4% 17.9% $37

Eating Out

Panama City

$203 10.3%

Alamogordo, NM

$284 14.2% 39.9% $81

Clothing & Footwear

Panama City

$145 7.4%

Alamogordo, NM

$89 * 4.5% 39% $57

Sport & Entertainment

Panama City

$62 3.1%

Alamogordo, NM

$22 * 1.1% 64% $40

Getting Around

Panama City

$33 1.7%

Alamogordo, NM

$20 * 1% 40.8% $14

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

Cost Breakdown

A one-bedroom apartment in the center runs $1,405 in Panama City and $1,030 in Alamogordo, NM. Housing cost is often the main lever when comparing two cities.

Alamogordo, NM pays about 3 times more on average. How far that income stretches comes down to housing choices and lifestyle.

Dining out: $47 in Panama City vs $74 in Alamogordo, NM for a mid-range dinner for two. Groceries echo the gap at $326 vs $493 per month, with Panama City cheaper across the board.

Good to know

🇵🇦 Panama City

🇺🇸 Alamogordo, NM

🕒 Local time

20:08 8:08 PM

18:08 6:08 PM

2 h behind Panama City

🌤 Weather

👥 Population

1,086,990 Capital

31,384

💱 Currency

Panamanian Balboa PAB B/.

United States Dollar USD $

📈 Exchange rate

1 PAB = 1 USD

1 PAB = 0.895 EUR

1 USD = 0.895 EUR

Exchange rates and currency converter

USD, EUR to PAB – Panamanian Balboa Converter

🇺🇸 United States Dollar ($)

🇵🇦 Panamanian Balboa (B/.)

Panamanian Balboa exchange rates as of November 7, 2026: 1 USD = 1 PAB (1 PAB = 1 USD). 1 EUR = 1.12 PAB (1 PAB = 0.895 EUR).

United States Dollar exchange rates as of November 7, 2026: 1 EUR = 1.12 USD (1 USD = 0.895 EUR).

USD to PAB in detail →

On the map

Lowest

Highest

Between locations

Panama City Alamogordo, NM 3,800 km ≈ 5 h nonstop flight

From you

Panama City
Alamogordo, NM

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 vs Alamogordo, NM: Cost of Living - Frequently Asked Questions

On paper, salaries run 66% lower in Panama City. 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: $1,405 in Panama City versus $1,030 in Alamogordo, NM. Housing is usually the single largest factor when comparing overall living costs between the two.

Childcare runs $537 in Panama City versus $1,362 in Alamogordo, NM. Over years of preschool, even a modest monthly gap compounds into a major financial factor for families.

Supermarket bills run roughly 51% higher in Alamogordo, NM. For households that cook at home regularly, that difference adds up over a month.

Either city works on $2,500 a month, though Panama City 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 – Panama City wins on affordability, Alamogordo, NM on earning potential. Factor in climate, language, visa rules, and proximity to places that matter to you before deciding.