Cost of Living Comparison Between Panama City and Chiang Mai Cost of Living Comparison Between Panama City and Chiang Mai

😐 Solo nomad: Panama City is 45.8% more expensive than Chiang Mai without rent, and 105.5% more expensive with rent.

😐 Family of 3: Panama City is 53.3% more expensive than Chiang Mai without rent, and 103.4% more expensive with rent.

Meal at Budget Restaurant

$10.13 PAB 10.13

$2.01 ฿64.4

403.98%

Three-Course Dinner for Two, Mid-Range

$50.2 PAB 50.2

$18.23 ฿583

175.32%

Fast Food Meal (McDonalds, etc)

$8.19 PAB 8.19

$7.65 ฿245

7.06%

Cappuccino

$3.63 PAB 3.63

$1.92 ฿61.4

89.06%

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

$1.68 PAB 1.68

$0.84 ฿26.91

100.00%

Water (0.33 liter bottle)

$1.39 PAB 1.39

$0.36 ฿11.39

286.11%

Local Beer (0.5 liter draught)

$2.99 PAB 2.99

$2.19 ฿70.0

36.53%

Imported Beer (0.33 liter bottle)

$3.89 PAB 3.89

$3.79 ฿121

2.64%

Milk (1 liter)

$1.82 PAB 1.82

$1.64 ฿52.4

10.98%

White Bread (500g)

$2.47 PAB 2.47

$1.62 ฿51.8

52.47%

Rice (white) (1kg)

$2.40 PAB 2.40

$1.15 ฿36.89

108.70%

Eggs

$2.82 PAB 2.82

$1.94 ฿62.0

45.36%

Local Cheese (1kg)

$11.46 PAB 11.46

$15.94 ฿510

-28.11%

Chicken Fillets (1kg)

$7.36 PAB 7.36

$3.10 ฿99.2

137.42%

Beef Round Steak (1kg)

$9.81 PAB 9.81

$11.07 ฿354

-11.38%

Apples (1kg)

$3.38 PAB 3.38

$2.71 ฿86.6

24.72%

Banana (1kg)

$1.47 PAB 1.47

$1.18 ฿37.70

24.58%

Oranges (1kg)

$2.83 PAB 2.83

$1.71 ฿54.5

65.50%

Tomato (1kg)

$3.09 PAB 3.09

$1.61 ฿51.3

91.93%

Potato (1kg)

$2.24 PAB 2.24

$1.39 ฿44.54

61.15%

Onion (1kg)

$2.77 PAB 2.77

$1.15 ฿36.72

140.87%

Lettuce (1 head)

$2.13 PAB 2.13

$0.71 ฿22.77

200.00%

Water (1.5 liter bottle)

$1.54 PAB 1.54

$0.55 ฿17.60

180.00%

Cigarettes 20 Pack (Marlboro, Camel)

$6.03 PAB 6.03

$4.57 ฿146

31.95%

Wine (Bottle)

$10.98 PAB 10.98

$18.87 ฿604

-41.81%

Local Beer (0.5 liter bottle)

$1.28 PAB 1.28

$1.82 ฿58.2

-29.67%

Imported Beer (0.33 liter bottle)

$2.40 PAB 2.40

$3.21 ฿103

-25.23%

One-way Ticket (Public Transport)

$0.41 PAB 0.41

$0.88 ฿28.17

-53.41%

Public Transport Monthly Pass (Regular Price)

$22.68 PAB 22.68

$18.89 ฿604

20.06%

Taxi Start (Normal Tariff)

$2.55 PAB 2.55

$1.41 ฿45.18

80.85%

Taxi (Normal Tariff) (1km)

$1.83 PAB 1.83

$1.30 ฿41.60

40.77%

Taxi 1hour Waiting (Normal Tariff)

$21.82 PAB 21.82

$8.20 ฿262

166.10%

Gasoline (1 liter)

$0.87 PAB 0.87

$1.23 ฿39.19

-29.27%

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

$19.7K PAB 19.7K

$21.2K ฿677.2K

-7.12%

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

$20.8K PAB 20.8K

$22.3K ฿713.5K

-6.56%

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

$121 PAB 121

$69.9 ฿2,234

72.72%

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

$30.37 PAB 30.37

$14.07 ฿450

115.85%

Internet (50+ Mbps, Unlimited Data)

$48.88 PAB 48.88

$17.70 ฿566

176.16%

Gym Membership (Monthly)

$45.39 PAB 45.39

$41.41 ฿1,324

9.61%

Tennis Court (1 Hour on Weekend)

$32.72 PAB 32.72

$6.69 ฿214

389.09%

Cinema Ticket

$8.08 PAB 8.08

$5.74 ฿184

40.77%

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

$470 PAB 470

$299 ฿9,569

57.14%

International Primary School, 1 Child (Yearly)

$15.8K PAB 15.8K

$15.0K ฿480.0K

5.09%

Jeans (Levis 501 Or Similar)

$51.7 PAB 51.7

$54.8 ฿1,753

-5.71%

Summer Dress (H&M, Zara, etc)

$46.93 PAB 46.93

$26.35 ฿843

78.10%

Sport Shoes (Adidas, Nike)

$89.0 PAB 89.0

$84.7 ฿2,707

5.14%

Men's Leather Business Shoes

$123 PAB 123

$69.7 ฿2,230

76.94%

1-bedroom Apartment, City Center (Monthly)

$1,149 PAB 1,149

$427 ฿13.7K

169.10%

1-bedroom Apartment, Outside City Center (Monthly)

$883 PAB 883

$241 ฿7,699

266.76%

3-bedroom Apartment, City Center (Monthly)

$2,063 PAB 2,063

$811 ฿25.9K

154.53%

3-bedroom Apartment, Outside City Center (Monthly)

$1,595 PAB 1,595

$498 ฿15.9K

220.10%

Buy Apartment in City Center (m2)

$3,067 PAB 3,067

$2,022 ฿64.7K

51.66%

Buy Apartment Outside City Center (m2)

$1,712 PAB 1,712

$1,524 ฿48.7K

12.37%

Average Monthly Net Salary (After Tax)

$947 PAB 947

$639 ฿20.4K

48.10%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.23

24.60%

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

Last update for Panama City: April 13, 2026

Last update for Chiang Mai: April 13, 2026

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

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