Last update: Oct 2026

Cost of Living Comparison Between Panama City and Bermuda

Name: Bermuda
Address: BM

For one person, living is cheaper in Panama City: $1,837 a month against $5,272 in Bermuda, rent and utilities included – about $41,200 less a year. Rent and utilities account for most of the difference.

90

Cost of Living Index in Panama City
Learn more

Panama City Living Index
253

Cost of Living Index in Bermuda
Learn more

Bermuda Living Index

Jump to prices

Panama City

🇵🇦 Panama

$1,837

/mo nomad

🇧🇲 Bermuda

$5,272

/mo nomad

🙂 Solo nomad: Panama City is 63.3% cheaper than Bermuda without rent, and 65.1% cheaper with rent.

🙂 Family of 3: Panama City is 63.2% cheaper than Bermuda without rent, and 69.9% cheaper with rent.

Meal at Budget Restaurant

$11.34 PAB 11.34

$55.1 BMD 55.1

-79.43%

Three-Course Dinner for Two, Mid-Range

$47.85 PAB 47.85

$151 BMD 151

-68.41%

Fast Food Meal (McDonalds, etc)

$8.07 PAB 8.07

$17.67 BMD 17.67

-54.33%

Cappuccino

$4.02 PAB 4.02

$6.68 BMD 6.68

-39.82%

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

$1.94 PAB 1.94

$3.35 BMD 3.35

-42.09%

Water (0.33 liter bottle)

$1.62 PAB 1.62

$3.31 BMD 3.31

-51.06%

Local Beer (0.5 liter draught)

$3.26 PAB 3.26

$7.87 BMD 7.87

-58.58%

Imported Beer (0.33 liter bottle)

$3.99 PAB 3.99

$8.78 BMD 8.78

-54.56%

Milk (1 liter)

$1.83 PAB 1.83

$5.02 BMD 5.02

-63.55%

White Bread (500g)

$2.57 PAB 2.57

$8.24 BMD 8.24

-68.81%

Rice (white) (1kg)

$3.33 PAB 3.33

$5.27 BMD 5.27

-36.81%

Eggs

$2.69 PAB 2.69

$7.64 BMD 7.64

-64.79%

Local Cheese (1kg)

$12.33 PAB 12.33

$18.30 BMD 18.30

-32.62%

Chicken Fillets (1kg)

$6.69 PAB 6.69

$21.89 BMD 21.89

-69.44%

Beef Round Steak (1kg)

$10.40 PAB 10.40

$24.22 BMD 24.22

-57.06%

Apples (1kg)

$4.16 PAB 4.16

$12.33 BMD 12.33

-66.26%

Banana (1kg)

$1.84 PAB 1.84

$7.51 BMD 7.51

-75.50%

Oranges (1kg)

$4.18 PAB 4.18

$9.42 BMD 9.42

-55.63%

Tomato (1kg)

$4.08 PAB 4.08

$10.70 BMD 10.70

-61.87%

Potato (1kg)

$3.50 PAB 3.50

$7.68 BMD 7.68

-54.43%

Onion (1kg)

$4.37 PAB 4.37

$8.01 BMD 8.01

-45.44%

Lettuce (1 head)

$2.34 PAB 2.34

$6.28 BMD 6.28

-62.74%

Water (1.5 liter bottle)

$1.75 PAB 1.75

$4.53 BMD 4.53

-61.37%

Cigarettes 20 Pack (Marlboro, Camel)

$6.06 PAB 6.06

$18.95 BMD 18.95

-68.02%

Wine (Bottle)

$11.72 PAB 11.72

$24.92 BMD 24.92

-52.97%

Local Beer (0.5 liter bottle)

$1.37 PAB 1.37

$7.29 BMD 7.29

-81.21%

Imported Beer (0.33 liter bottle)

$2.84 PAB 2.84

$4.30 BMD 4.30

-33.95%

One-way Ticket (Public Transport)

$0.36 PAB 0.36

$5.14 BMD 5.14

-93.00%

Public Transport Monthly Pass (Regular Price)

$20.96 PAB 20.96

$70.1 BMD 70.1

-70.09%

Taxi Start (Normal Tariff)

$2.52 PAB 2.52

$6.66 BMD 6.66

-62.16%

Taxi (Normal Tariff) (1km)

$1.79 PAB 1.79

$2.52 BMD 2.52

-28.97%

Taxi 1hour Waiting (Normal Tariff)

$22.01 PAB 22.01

$70.1 BMD 70.1

-68.61%

Gasoline (1 liter)

$1.25 PAB 1.25

$2.16 BMD 2.16

-42.13%

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

$21.5K PAB 21.5K

$35.1K BMD 35.1K

-38.67%

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

$21.2K PAB 21.2K

$40.8K BMD 40.8K

-48.02%

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

$131 PAB 131

$289 BMD 289

-54.65%

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

$27.68 PAB 27.68

$157 BMD 157

-82.33%

Internet (50+ Mbps, Unlimited Data)

$48.59 PAB 48.59

$161 BMD 161

-69.74%

Gym Membership (Monthly)

$46.11 PAB 46.11

$189 BMD 189

-75.57%

Tennis Court (1 Hour on Weekend)

$35.01 PAB 35.01

$15.08 BMD 15.08

132.16%

Cinema Ticket

$8.73 PAB 8.73

$13.29 BMD 13.29

-34.31%

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

$551 PAB 551

$1,315 BMD 1,315

-58.13%

International Primary School, 1 Child (Yearly)

$9,560 PAB 9,560

$24.6K BMD 24.6K

-61.08%

Jeans (Levis 501 Or Similar)

$67.6 PAB 67.6

$89.0 BMD 89.0

-24.03%

Summer Dress (H&M, Zara, etc)

$48.03 PAB 48.03

$69.5 BMD 69.5

-30.89%

Sport Shoes (Adidas, Nike)

$94.9 PAB 94.9

$144 BMD 144

-33.94%

Men's Leather Business Shoes

$113 PAB 113

$128 BMD 128

-11.78%

1-bedroom Apartment, City Center (Monthly)

$1,238 PAB 1,238

$3,595 BMD 3,595

-65.57%

1-bedroom Apartment, Outside City Center (Monthly)

$873 PAB 873

$2,554 BMD 2,554

-65.82%

3-bedroom Apartment, City Center (Monthly)

$2,197 PAB 2,197

$8,175 BMD 8,175

-73.13%

3-bedroom Apartment, Outside City Center (Monthly)

$1,538 PAB 1,538

$7,064 BMD 7,064

-78.22%

Buy Apartment in City Center (m2)

$3,116 PAB 3,116

$14.9K BMD 14.9K

-79.07%

Buy Apartment Outside City Center (m2)

$1,725 PAB 1,725

$8,923 BMD 8,923

-80.67%

Average Monthly Net Salary (After Tax)

$934 PAB 934

$6,948 BMD 6,948

-86.55%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.39

8.63

-25.96%

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

Last update for Panama City: October 3, 2026

Last update for Bermuda: October 5, 2026

Monthly budget structure

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

Accommodation & Living

Panama City

$873 47.2%

Bermuda

$2.6K 49.4% 193% $1.7K

Groceries & Markets

Panama City

$324 17.5%

Bermuda

$832 16.1% 157% $508

Monthly Utilities & Internet

Panama City

$207 11.2%

Bermuda

$606 11.7% 192% $399

Eating Out

Panama City

$202 10.9%

Bermuda

$658 12.7% 226% $456

Clothing & Footwear

Panama City

$146 7.9%

Bermuda

$194 3.7% 33% $48

Sport & Entertainment

Panama City

$64 3.4%

Bermuda

$215 4.2% 239% $152

Getting Around

Panama City

$34 1.8%

Bermuda

$110 2.1% 224% $76

Good to know

🇵🇦 Panama City

🇧🇲 Bermuda

🕒 Local time

07:10 7:10 AM

09:10 9:10 AM

2 h ahead of Panama City

🌤 Weather

👥 Population

1,086,990 Capital

65,024

💱 Currency

Panamanian Balboa PAB B/.

Bermudian Dollar BMD $

📈 Exchange rate

1 PAB = 1 USD

1 PAB = 0.892 EUR

1 BMD = 1 USD

1 BMD = 0.892 EUR

Exchange rates and currency converter

BMD, USD, EUR to PAB – Panamanian Balboa Converter

🇺🇸 United States Dollar ($)

🇵🇦 Panamanian Balboa (B/.)

Panamanian Balboa exchange rates as of October 10, 2026: 1 USD = 1 PAB (1 PAB = 1 USD). 1 EUR = 1.12 PAB (1 PAB = 0.892 EUR).

Bermudian Dollar exchange rates as of October 10, 2026: 1 USD = 1 BMD (1 BMD = 1 USD). 1 EUR = 1.12 BMD (1 BMD = 0.892 EUR).

USD to PAB in detail →

On the map

Lowest

Highest

Between locations

Panama City Bermuda 3,010 km ≈ 4 h 15 min nonstop flight

From you

Panama City
Bermuda

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 other spots: cost of living compared

Similar cities

Nosara

🇨🇷 Costa Rica

Athens

🇬🇷 Greece

Tallinn

🇪🇪 Estonia

Krakow

🇵🇱 Poland

Seoul

🇰🇷 South Korea

Porto

🇵🇹 Portugal

Bratislava

🇸🇰 Slovakia

Turin

🇮🇹 Italy