Last update: Oct 2026

Cost of Living Comparison Between Panama City and Creswell, OR

For one person, living is cheaper in Panama City: $1,932 a month against $2,591 in Creswell, OR, rent and utilities included – about $7,900 less a year. Rent and utilities account for most of the difference.

94

Cost of Living Index in Panama City
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Panama City Living Index
126

Cost of Living Index in Creswell, OR
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Creswell, OR Living Index

Jump to prices

Panama City

🇵🇦 Panama

$1,932

/mo nomad

Creswell, OR

🇺🇸 United States

$2,591

/mo nomad

Monthly Cost of Living

How much you'll spend in Panama City and in Creswell, OR

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 Creswell, OR actually costs, broken down by who's living it.

Monthly costs for one person with rent: $1,932 in Panama City versus $2,591 in Creswell, OR.

Panama City $1,932
Creswell, OR $2,591

Estimated couple costs with rent: $2,887 in Panama City versus $3,759 in Creswell, OR.

Panama City $2,887
Creswell, OR $3,759

Monthly costs for a family of three with rent: $3,841 in Panama City versus $4,928 in Creswell, OR.

Panama City $3,841
Creswell, OR $4,928

Living in Panama City costs roughly 25% less than in Creswell, OR, and outside of rent the biggest gap is in eating out.

Both cities are pricier than the global median: Panama City 42% above, Creswell, OR 90% above.

Meal at Budget Restaurant

$11.72 PAB 11.72

$17.95 $17.95

-34.71%

Three-Course Dinner for Two, Mid-Range

$46.74 PAB 46.74

$64.1 $64.1

-27.03%

Fast Food Meal (McDonalds, etc)

$7.98 PAB 7.98

$13.11 $13.11

-39.13%

Cappuccino

$4.18 PAB 4.18

$4.59 $4.59

-8.93%

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

$1.95 PAB 1.95

$2.92 $2.92

-33.22%

Water (0.33 liter bottle)

$1.64 PAB 1.64

$1.73 $1.73

-5.20%

Local Beer (0.5 liter draught)

$3.26 PAB 3.26

$6.26 $6.26

-47.92%

Imported Beer (0.33 liter bottle)

$3.90 PAB 3.90

$7.49 $7.49

-47.93%

Milk (1 liter)

$1.91 PAB 1.91

$1.04 $1.04

83.65%

White Bread (500g)

$2.54 PAB 2.54

$3.61 $3.61

-29.64%

Rice (white) (1kg)

$3.37 PAB 3.37

$4.25 $4.25

-20.71%

Eggs

$2.82 PAB 2.82

$4.12 $4.12

-31.55%

Local Cheese (1kg)

$12.60 PAB 12.60

$12.09 $12.09

4.22%

Chicken Fillets (1kg)

$6.71 PAB 6.71

$11.62 $11.62

-42.25%

Beef Round Steak (1kg)

$10.53 PAB 10.53

$17.37 $17.37

-39.38%

Apples (1kg)

$4.04 PAB 4.04

$5.10 $5.10

-20.78%

Banana (1kg)

$1.94 PAB 1.94

$1.62 $1.62

19.75%

Oranges (1kg)

$4.25 PAB 4.25

$4.20 $4.20

1.19%

Tomato (1kg)

$4.18 PAB 4.18

$4.74 $4.74

-11.81%

Potato (1kg)

$3.32 PAB 3.32

$2.86 $2.86

16.08%

Onion (1kg)

$4.34 PAB 4.34

$3.13 $3.13

38.66%

Lettuce (1 head)

$2.40 PAB 2.40

$2.13 $2.13

12.68%

Water (1.5 liter bottle)

$1.71 PAB 1.71

$2.29 $2.29

-25.33%

Cigarettes 20 Pack (Marlboro, Camel)

$6.05 PAB 6.05

$10.00 $10.00

-39.50%

Wine (Bottle)

$11.38 PAB 11.38

$15.11 $15.11

-24.69%

Local Beer (0.5 liter bottle)

$1.36 PAB 1.36

$1.99 $1.99

-31.66%

Imported Beer (0.33 liter bottle)

$2.80 PAB 2.80

$3.26 $3.26

-14.11%

One-way Ticket (Public Transport)

$0.34 PAB 0.34

$1.71 $1.71

-80.12%

Public Transport Monthly Pass (Regular Price)

$21.28 PAB 21.28

$60.6 $60.6

-64.91%

Taxi Start (Normal Tariff)

$2.43 PAB 2.43

$2.65 $2.65

-8.30%

Taxi (Normal Tariff) (1km)

$1.85 PAB 1.85

$1.62 $1.62

14.20%

Taxi 1hour Waiting (Normal Tariff)

$21.77 PAB 21.77

$31.05 $31.05

-29.89%

Gasoline (1 liter)

$1.20 PAB 1.20

$1.30 $1.30

-7.69%

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

$24.8K PAB 24.8K

$29.4K $29.4K

-15.78%

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

$21.2K PAB 21.2K

$26.0K $26.0K

-18.49%

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

$132 PAB 132

$197 $197

-32.83%

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

$28.34 PAB 28.34

$58.1 $58.1

-51.18%

Internet (50+ Mbps, Unlimited Data)

$48.88 PAB 48.88

$71.0 $71.0

-31.18%

Gym Membership (Monthly)

$43.02 PAB 43.02

$39.80 $39.80

8.09%

Tennis Court (1 Hour on Weekend)

$34.94 PAB 34.94

Cinema Ticket

$8.43 PAB 8.43

$13.91 $13.91

-39.40%

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

$545 PAB 545

$1,269 $1,269

-57.03%

International Primary School, 1 Child (Yearly)

$9,648 PAB 9,648

$24.2K $24.2K

-60.12%

Jeans (Levis 501 Or Similar)

$65.8 PAB 65.8

$52.9 $52.9

24.48%

Summer Dress (H&M, Zara, etc)

$47.25 PAB 47.25

$40.61 $40.61

16.35%

Sport Shoes (Adidas, Nike)

$94.6 PAB 94.6

$88.6 $88.6

6.81%

Men's Leather Business Shoes

$110 PAB 110

$114 $114

-3.81%

1-bedroom Apartment, City Center (Monthly)

$1,407 PAB 1,407

$1,537 $1,537

-8.51%

1-bedroom Apartment, Outside City Center (Monthly)

$954 PAB 954

$1,283 $1,283

-25.68%

3-bedroom Apartment, City Center (Monthly)

$2,272 PAB 2,272

$2,586 $2,586

-12.15%

3-bedroom Apartment, Outside City Center (Monthly)

$1,662 PAB 1,662

$2,109 $2,109

-21.22%

Buy Apartment in City Center (m2)

$3,057 PAB 3,057

$2,499 $2,499

22.30%

Buy Apartment Outside City Center (m2)

$1,729 PAB 1,729

$2,117 $2,117

-18.32%

Average Monthly Net Salary (After Tax)

$916 PAB 916

20-Year Fixed Mortgage Interest Rate (Annual %)

6.39

6.57

-2.74%

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

Last update for Panama City: October 27, 2026

Last update for Creswell, OR: October 25, 2026

Monthly budget structure

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

Accommodation & Living

Panama City

$954 49.3%

Creswell, OR

$1.3K 49.5% 34.5% $329

Groceries & Markets

Panama City

$326 16.9%

Creswell, OR

$400 15.4% 22.6% $74

Monthly Utilities & Internet

Panama City

$210 10.9%

Creswell, OR

$326 12.6% 55.6% $117

Eating Out

Panama City

$206 10.7%

Creswell, OR

$303 11.7% 46.8% $97

Clothing & Footwear

Panama City

$143 7.4%

Creswell, OR

$133 5.1% 6.7% $9.6

Sport & Entertainment

Panama City

$60 3.1%

Creswell, OR

$68 2.6% 12.9% $7.7

Getting Around

Panama City

$34 1.8%

Creswell, OR

$78 3% 128% $44

Cost Breakdown

A one-bedroom apartment in the center runs $1,407 in Panama City and $1,537 in Creswell, OR. Housing cost is often the main lever when comparing two cities.

Dining out: $47 in Panama City vs $64 in Creswell, OR for a mid-range dinner for two. Groceries echo the gap at $326 vs $400 per month, with Panama City cheaper across the board.

Good to know

🇵🇦 Panama City

🇺🇸 Creswell, OR

🕒 Local time

14:57 2:57 PM

12:57 12:57 PM

2 h behind Panama City

🌤 Weather

👥 Population

1,086,990 Capital

5,600

💱 Currency

Panamanian Balboa PAB B/.

United States Dollar USD $

📈 Exchange rate

1 PAB = 1 USD

1 PAB = 0.898 EUR

1 USD = 0.898 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 October 28, 2026: 1 USD = 1 PAB (1 PAB = 1 USD). 1 EUR = 1.11 PAB (1 PAB = 0.898 EUR).

United States Dollar exchange rates as of October 28, 2026: 1 EUR = 1.11 USD (1 USD = 0.898 EUR).

USD to PAB in detail →

On the map

Lowest

Highest

Between locations

Panama City Creswell, OR 5,710 km ≈ 8 h nonstop flight

From you

Panama City
Creswell, OR

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 Creswell, OR: Cost of Living - Frequently Asked Questions

Total monthly costs including rent come to $1,932 in Panama City and $2,591 in Creswell, OR, so Panama City is about 25% cheaper – a gap that matters a lot on a fixed or modest income.

You’d need roughly $2,899 in Panama City and $3,886 in Creswell, OR to live well. The gap comes down to housing and overall price levels. Both cities are liveable on less, but these numbers represent actual comfort.

Rent for a central apartment: $1,407 in Panama City versus $1,537 in Creswell, OR. Housing is usually the single largest factor when comparing overall living costs between the two.

Supermarket bills run roughly 23% higher in Creswell, OR. For households that cook at home regularly, that difference adds up over a month.

Dining out is cheaper in Panama City – a meal for two runs $47 versus $64 in Creswell, OR. If you eat out regularly, this makes a real dent in your monthly spending.

At $1,932 in Panama City versus $2,591 in Creswell, OR, a $2,500 budget is realistic in Panama City but tight or insufficient in Creswell, OR. The gap between the two cities makes Panama City the clear choice for anyone on this budget.

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.

Expats usually find Panama City gentler on the wallet – expenses run 25% less than in Creswell, OR. Beyond cost, consider language, visa policies, and how big the international community is in each city.