Last update: Nov 2026

Cost of Living Comparison Between Panama City and Cheyenne, WY

For one person, living costs are similar in Panama City and in Cheyenne, WY: $1,972 and $1,944 a month, rent and utilities included.

95

Cost of Living Index in Panama City
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Panama City Living Index
94

Cost of Living Index in Cheyenne, WY
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Cheyenne, WY Living Index

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Panama City

🇵🇦 Panama

$1,972

/mo nomad

Cheyenne, WY

🇺🇸 United States

$1,944

/mo nomad

Monthly Cost of Living

How much you'll spend in Panama City and in Cheyenne, 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 Cheyenne, WY actually costs, broken down by who's living it.

A single person spends $1,972 per month in Panama City vs $1,944 in Cheyenne, WY, rent included.

Panama City $1,972
Cheyenne, WY $1,944

A couple spends around $2,930 per month in Panama City vs $3,218 in Cheyenne, WY, rent included.

Panama City $2,930
Cheyenne, WY $3,218

A family of three spends $3,888 per month in Panama City vs $4,492 in Cheyenne, WY, rent included.

Panama City $3,888
Cheyenne, WY $4,492

Panama City and Cheyenne, WY have comparable living costs – the differences are in the details.

Both Panama City and Cheyenne, WY sit above the global median – Panama City by 46%, Cheyenne, WY by 44%.

Meal at Budget Restaurant

$11.37 PAB 11.37

$16.60 $16.60

-31.51%

Three-Course Dinner for Two, Mid-Range

$46.69 PAB 46.69

$51.8 $51.8

-9.92%

Fast Food Meal (McDonalds, etc)

$7.98 PAB 7.98

$7.70 $7.70

3.64%

Cappuccino

$4.12 PAB 4.12

$4.97 $4.97

-17.10%

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

$2.01 PAB 2.01

$1.02 $1.02

97.06%

Water (0.33 liter bottle)

$1.57 PAB 1.57

$1.02 $1.02

53.92%

Local Beer (0.5 liter draught)

$3.28 PAB 3.28

$3.94 $3.94

-16.75%

Imported Beer (0.33 liter bottle)

$3.88 PAB 3.88

$4.01 $4.01

-3.24%

Milk (1 liter)

$1.82 PAB 1.82

$0.88 $0.88

106.82%

White Bread (500g)

$2.61 PAB 2.61

$4.31 $4.31

-39.44%

Rice (white) (1kg)

$3.45 PAB 3.45

$1.85 $1.85

86.49%

Eggs

$2.68 PAB 2.68

$2.90 $2.90

-7.59%

Local Cheese (1kg)

$12.42 PAB 12.42

$8.59 $8.59

44.59%

Chicken Fillets (1kg)

$6.73 PAB 6.73

$6.46 $6.46

4.18%

Beef Round Steak (1kg)

$10.44 PAB 10.44

$13.22 $13.22

-21.03%

Apples (1kg)

$4.21 PAB 4.21

$2.91 $2.91

44.67%

Banana (1kg)

$1.95 PAB 1.95

$1.39 $1.39

40.29%

Oranges (1kg)

$4.07 PAB 4.07

$6.00 $6.00

-32.17%

Tomato (1kg)

$4.02 PAB 4.02

$6.14 $6.14

-34.53%

Potato (1kg)

$3.46 PAB 3.46

$3.95 $3.95

-12.41%

Onion (1kg)

$4.42 PAB 4.42

$3.84 $3.84

15.10%

Lettuce (1 head)

$2.43 PAB 2.43

$2.27 $2.27

7.05%

Water (1.5 liter bottle)

$1.72 PAB 1.72

$1.28 $1.28

34.37%

Cigarettes 20 Pack (Marlboro, Camel)

$6.04 PAB 6.04

$8.28 $8.28

-27.05%

Wine (Bottle)

$11.68 PAB 11.68

$17.03 $17.03

-31.42%

Local Beer (0.5 liter bottle)

$1.41 PAB 1.41

$1.77 $1.77

-20.34%

Imported Beer (0.33 liter bottle)

$2.74 PAB 2.74

$5.11 $5.11

-46.38%

One-way Ticket (Public Transport)

$0.33 PAB 0.33

Public Transport Monthly Pass (Regular Price)

$20.65 PAB 20.65

Taxi Start (Normal Tariff)

$2.45 PAB 2.45

$2.48 $2.48

-1.21%

Taxi (Normal Tariff) (1km)

$1.76 PAB 1.76

$1.37 $1.37

28.47%

Taxi 1hour Waiting (Normal Tariff)

$21.86 PAB 21.86

$23.66 $23.66

-7.61%

Gasoline (1 liter)

$1.20 PAB 1.20

$0.94 $0.94

27.66%

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

$24.6K PAB 24.6K

$28.5K $28.5K

-13.86%

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

$20.9K PAB 20.9K

$23.9K $23.9K

-12.75%

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

$132 PAB 132

$184 $184

-28.20%

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

$27.89 PAB 27.89

$43.60 $43.60

-36.03%

Internet (50+ Mbps, Unlimited Data)

$49.10 PAB 49.10

$72.7 $72.7

-32.42%

Gym Membership (Monthly)

$44.53 PAB 44.53

Tennis Court (1 Hour on Weekend)

$34.01 PAB 34.01

Cinema Ticket

$8.70 PAB 8.70

$7.89 $7.89

10.27%

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

$537 PAB 537

$1,935 $1,935

-72.26%

International Primary School, 1 Child (Yearly)

$20.5K PAB 20.5K

$32.3K $32.3K

-36.46%

Jeans (Levis 501 Or Similar)

$65.8 PAB 65.8

$65.4 $65.4

0.66%

Summer Dress (H&M, Zara, etc)

$48.45 PAB 48.45

$47.82 $47.82

1.32%

Sport Shoes (Adidas, Nike)

$95.4 PAB 95.4

$81.2 $81.2

17.44%

Men's Leather Business Shoes

$114 PAB 114

$111 $111

2.63%

1-bedroom Apartment, City Center (Monthly)

$1,405 PAB 1,405

$1,079 $1,079

30.18%

1-bedroom Apartment, Outside City Center (Monthly)

$994 PAB 994

$888 $888

12.01%

3-bedroom Apartment, City Center (Monthly)

$2,221 PAB 2,221

$2,502 $2,502

-11.23%

3-bedroom Apartment, Outside City Center (Monthly)

$1,714 PAB 1,714

$2,235 $2,235

-23.33%

Buy Apartment in City Center (m2)

$3,139 PAB 3,139

$2,125 $2,125

47.73%

Buy Apartment Outside City Center (m2)

$1,724 PAB 1,724

$2,097 $2,097

-17.81%

Average Monthly Net Salary (After Tax)

$936 PAB 936

$4,236 $4,236

-77.91%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.39

6.4

-0.16%

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

Last update for Panama City: November 3, 2026

Last update for Cheyenne, WY: November 2, 2026

Monthly budget structure

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

Accommodation & Living

Panama City

$994 50.4%

Cheyenne, WY

$888 45.7% 10.7% $107

Groceries & Markets

Panama City

$326 16.5%

Cheyenne, WY

$343 17.7% 5.4% $18

Monthly Utilities & Internet

Panama City

$209 10.6%

Cheyenne, WY

$300 15.4% 43.6% $91

Eating Out

Panama City

$203 10.3%

Cheyenne, WY

$251 12.9% 23.9% $49

Clothing & Footwear

Panama City

$145 7.4%

Cheyenne, WY

$137 7.1% 5.6% $8.2

Sport & Entertainment

Panama City

$62 3.1%

Cheyenne, WY

$16 * 0.8% 74.5% $46

Getting Around

Panama City

$33 1.7%

Cheyenne, WY

$9.3 * 0.5% 71.9% $24

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

Cost Breakdown

A central one-bedroom costs $1,405 in Panama City versus $1,079 in Cheyenne, WY. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

Salaries in Cheyenne, WY are about 4.5 times higher. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $47 in Panama City versus $52 in Cheyenne, WY. Monthly groceries follow the same trend: $326 vs $343 – making Panama City the more affordable choice for daily food spending.

Good to know

🇵🇦 Panama City

🇺🇸 Cheyenne, WY

🕒 Local time

16:31 4:31 PM

14:31 2:31 PM

2 h behind Panama City

🌤 Weather

👥 Population

1,086,990 Capital

65,035

💱 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 6, 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 6, 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 Cheyenne, WY 4,360 km ≈ 6 h nonstop flight

From you

Panama City
Cheyenne, 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 Cheyenne, WY: Cost of Living - Frequently Asked Questions

For a comfortable life, plan on about $2,958 per month in Panama City and $2,917 in Cheyenne, WY. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Cheyenne, WY, especially for central apartments: a one-bedroom in the center costs $1,079 there versus $1,405 in Panama City.

Kindergarten costs $537 per month in Panama City and $1,935 in Cheyenne, WY. For families with young kids, this one expense can tip the scales when choosing between the two cities.

Interestingly, groceries are about 5% cheaper in Panama City – one category where the pricier city actually offers better value.

$3,000 covers both cities comfortably – all-in costs are $1,972 in Panama City and $1,944 in Cheyenne, WY, leaving budget for savings and extras in both cases.

It depends on your priorities. Panama City has an edge in some lifestyle areas, with costs from $1,944 in Cheyenne, WY to $1,972 in Panama City. Climate, culture, job market, and personal taste all factor in.