Last update: Nov 2026

Cost of Living Comparison Between Panama City and Casper, WY

For one person, living is cheaper in Casper, WY: $1,527 a month against $1,972 in Panama City, rent and utilities included – about $5,300 less a year. Rent and utilities account for about half of the difference.

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Cost of Living Index in Panama City
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Panama City Living Index

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Panama City

🇵🇦 Panama

$1,972

/mo nomad

Casper, WY

🇺🇸 United States

$1,527

/mo nomad

Monthly Cost of Living

How much you'll spend in Panama City and in Casper, WY

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

Monthly costs for one person with rent: $1,972 in Panama City versus $1,527 in Casper, WY.

Panama City $1,972
Casper, WY $1,527

Estimated couple costs with rent: $2,930 in Panama City versus $2,417 in Casper, WY.

Panama City $2,930
Casper, WY $2,417

Monthly costs for a family of three with rent: $3,888 in Panama City versus $3,307 in Casper, WY.

Panama City $3,888
Casper, WY $3,307

Living in Panama City is roughly 29% more expensive than in Casper, WY, and outside of rent the biggest gap is in groceries.

Both cities are pricier than the global median: Panama City 46% above, Casper, WY 13% above.

Meal at Budget Restaurant

$11.37 PAB 11.37

$14.48 $14.48

-21.48%

Three-Course Dinner for Two, Mid-Range

$46.69 PAB 46.69

$47.46 $47.46

-1.62%

Fast Food Meal (McDonalds, etc)

$7.98 PAB 7.98

$9.28 $9.28

-14.01%

Cappuccino

$4.12 PAB 4.12

$4.29 $4.29

-3.96%

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

$2.01 PAB 2.01

$3.07 $3.07

-34.53%

Water (0.33 liter bottle)

$1.57 PAB 1.57

$2.50 $2.50

-37.20%

Local Beer (0.5 liter draught)

$3.28 PAB 3.28

$4.86 $4.86

-32.51%

Imported Beer (0.33 liter bottle)

$3.88 PAB 3.88

$5.88 $5.88

-34.01%

Milk (1 liter)

$1.82 PAB 1.82

$1.01 $1.01

80.20%

White Bread (500g)

$2.61 PAB 2.61

$1.61 $1.61

62.11%

Rice (white) (1kg)

$3.45 PAB 3.45

$2.17 $2.17

58.99%

Eggs

$2.68 PAB 2.68

$3.53 $3.53

-24.08%

Local Cheese (1kg)

$12.42 PAB 12.42

Chicken Fillets (1kg)

$6.73 PAB 6.73

Beef Round Steak (1kg)

$10.44 PAB 10.44

$15.21 $15.21

-31.36%

Apples (1kg)

$4.21 PAB 4.21

Banana (1kg)

$1.95 PAB 1.95

$1.28 $1.28

52.34%

Oranges (1kg)

$4.07 PAB 4.07

Tomato (1kg)

$4.02 PAB 4.02

Potato (1kg)

$3.46 PAB 3.46

Onion (1kg)

$4.42 PAB 4.42

Lettuce (1 head)

$2.43 PAB 2.43

Water (1.5 liter bottle)

$1.72 PAB 1.72

Cigarettes 20 Pack (Marlboro, Camel)

$6.04 PAB 6.04

$9.90 $9.90

-38.99%

Wine (Bottle)

$11.68 PAB 11.68

Local Beer (0.5 liter bottle)

$1.41 PAB 1.41

$1.75 $1.75

-19.43%

Imported Beer (0.33 liter bottle)

$2.74 PAB 2.74

One-way Ticket (Public Transport)

$0.33 PAB 0.33

$0.98 $0.98

-66.33%

Public Transport Monthly Pass (Regular Price)

$20.65 PAB 20.65

Taxi Start (Normal Tariff)

$2.45 PAB 2.45

Taxi (Normal Tariff) (1km)

$1.76 PAB 1.76

Taxi 1hour Waiting (Normal Tariff)

$21.86 PAB 21.86

Gasoline (1 liter)

$1.20 PAB 1.20

$0.88 $0.88

36.36%

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

$24.6K PAB 24.6K

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

$20.9K PAB 20.9K

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

$132 PAB 132

$106 $106

24.39%

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

$27.89 PAB 27.89

$53.5 $53.5

-47.87%

Internet (50+ Mbps, Unlimited Data)

$49.10 PAB 49.10

$117 $117

-57.93%

Gym Membership (Monthly)

$44.53 PAB 44.53

$54.3 $54.3

-17.99%

Tennis Court (1 Hour on Weekend)

$34.01 PAB 34.01

Cinema Ticket

$8.70 PAB 8.70

$10.46 $10.46

-16.83%

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

$537 PAB 537

International Primary School, 1 Child (Yearly)

$20.5K PAB 20.5K

Jeans (Levis 501 Or Similar)

$65.8 PAB 65.8

Summer Dress (H&M, Zara, etc)

$48.45 PAB 48.45

$38.73 $38.73

25.10%

Sport Shoes (Adidas, Nike)

$95.4 PAB 95.4

Men's Leather Business Shoes

$114 PAB 114

1-bedroom Apartment, City Center (Monthly)

$1,405 PAB 1,405

$1,211 $1,211

15.98%

1-bedroom Apartment, Outside City Center (Monthly)

$994 PAB 994

$790 $790

25.88%

3-bedroom Apartment, City Center (Monthly)

$2,221 PAB 2,221

$1,794 $1,794

23.78%

3-bedroom Apartment, Outside City Center (Monthly)

$1,714 PAB 1,714

$1,764 $1,764

-2.87%

Buy Apartment in City Center (m2)

$3,139 PAB 3,139

$1,901 $1,901

65.11%

Buy Apartment Outside City Center (m2)

$1,724 PAB 1,724

$1,888 $1,888

-8.70%

Average Monthly Net Salary (After Tax)

$936 PAB 936

$4,232 $4,232

-77.88%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.39

6.87

-6.99%

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

Last update for Panama City: November 3, 2026

Last update for Casper, WY: November 1, 2026

Monthly budget structure

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

Accommodation & Living

Panama City

$994 50.4%

Casper, WY

–

Groceries & Markets

Panama City

$326 16.5%

Casper, WY

–

Monthly Utilities & Internet

Panama City

$209 10.6%

Casper, WY

–

Eating Out

Panama City

$203 10.3%

Casper, WY

–

Clothing & Footwear

Panama City

$145 7.4%

Casper, WY

–

Sport & Entertainment

Panama City

$62 3.1%

Casper, WY

–

Getting Around

Panama City

$33 1.7%

Casper, WY

–

Cost Breakdown

A one-bedroom apartment in the center runs $1,405 in Panama City and $1,211 in Casper, WY. Housing cost is often the main lever when comparing two cities.

Casper, WY pays about 4.5 times more on average while also being the cheaper of the two. The combined effect is a noticeably stronger local purchasing power.

Dining out: $47 in Panama City vs $47 in Casper, WY. Groceries flip the comparison at $326 vs $111, with Casper, WY cheaper for home cooking.

Good to know

🇵🇦 Panama City

🇺🇸 Casper, WY

🕒 Local time

20:56 8:56 PM

18:56 6:56 PM

2 h behind Panama City

🌤 Weather

👥 Population

1,086,990 Capital

58,763

💱 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

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Between locations

Panama City Casper, WY 4,580 km ≈ 6 h nonstop flight

From you

Panama City
Casper, WY

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 Casper, WY: Cost of Living - Frequently Asked Questions

Casper, WY is about 23% cheaper overall, especially in groceries, clothing, and transport. That difference adds up to real monthly savings that compound significantly over time.

On paper, salaries run 78% 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 $1,211 in Casper, WY. Housing is usually the single largest factor when comparing overall living costs between the two.

Supermarket bills run roughly 193% higher in Panama City. For households that cook at home regularly, that difference adds up over a month.

All in, you’ll spend $1,972 per month in Panama City versus $1,527 in Casper, WY – Casper, WY is about 23% cheaper, which adds up to real savings over time.

Both cities are expensive relative to $1,500. Casper, WY is the more realistic option, but even there you’ll need to be disciplined with housing, food, and fun money.

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.