Last update: Oct 2026

Cost of Living Comparison Between Panama City and Da Nang

For one person, living is cheaper in Da Nang: $863 a month against $1,855 in Panama City, rent and utilities included – about $11,900 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
42

Cost of Living Index in Da Nang
Learn more

Da Nang Living Index

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Panama City

🇵🇦 Panama

$1,855

/mo nomad

Da Nang

🇻🇳 Vietnam

$863

/mo nomad

Monthly Cost of Living

How much you'll spend in Panama City and in Da Nang

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 Da Nang actually costs, broken down by who's living it.

A single person spends $1,855 per month in Panama City vs $863 in Da Nang, rent included.

Panama City $1,855
Da Nang $863

A couple spends around $2,804 per month in Panama City vs $1,404 in Da Nang, rent included.

Panama City $2,804
Da Nang $1,404

A family of three spends $3,753 per month in Panama City vs $1,945 in Da Nang, rent included.

Panama City $3,753
Da Nang $1,945

Panama City costs about 115% more than Da Nang, and outside of rent the biggest gap is in eating out.

Panama City sits 37% above the global median, while Da Nang is 36% below – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$11.63 PAB 11.63

$2.30 ₫59.4K

405.65%

Three-Course Dinner for Two, Mid-Range

$47.92 PAB 47.92

$19.62 ₫508.0K

144.24%

Fast Food Meal (McDonalds, etc)

$7.96 PAB 7.96

$4.60 ₫119.1K

73.04%

Cappuccino

$4.22 PAB 4.22

$1.66 ₫43.0K

154.22%

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

$2.01 PAB 2.01

$0.61 ₫15.7K

229.51%

Water (0.33 liter bottle)

$1.56 PAB 1.56

$0.34 ₫8,877

358.82%

Local Beer (0.5 liter draught)

$3.39 PAB 3.39

$1.34 ₫34.6K

152.99%

Imported Beer (0.33 liter bottle)

$3.94 PAB 3.94

$2.36 ₫61.1K

66.95%

Milk (1 liter)

$1.85 PAB 1.85

$1.60 ₫41.5K

15.63%

White Bread (500g)

$2.56 PAB 2.56

$1.21 ₫31.3K

111.57%

Rice (white) (1kg)

$3.48 PAB 3.48

$1.00 ₫25.9K

248.00%

Eggs

$2.69 PAB 2.69

$1.51 ₫39.1K

78.15%

Local Cheese (1kg)

$12.57 PAB 12.57

$12.90 ₫333.9K

-2.56%

Chicken Fillets (1kg)

$6.83 PAB 6.83

$4.29 ₫111.1K

59.21%

Beef Round Steak (1kg)

$10.58 PAB 10.58

$9.06 ₫234.6K

16.78%

Apples (1kg)

$4.18 PAB 4.18

$2.73 ₫70.6K

53.11%

Banana (1kg)

$1.83 PAB 1.83

$1.19 ₫30.8K

53.78%

Oranges (1kg)

$4.20 PAB 4.20

$1.29 ₫33.4K

225.58%

Tomato (1kg)

$4.03 PAB 4.03

$1.60 ₫41.3K

151.88%

Potato (1kg)

$3.48 PAB 3.48

$1.18 ₫30.4K

194.92%

Onion (1kg)

$4.22 PAB 4.22

$1.33 ₫34.3K

217.29%

Lettuce (1 head)

$2.41 PAB 2.41

$1.01 ₫26.1K

138.61%

Water (1.5 liter bottle)

$1.69 PAB 1.69

$0.53 ₫13.7K

218.87%

Cigarettes 20 Pack (Marlboro, Camel)

$6.14 PAB 6.14

$1.56 ₫40.3K

293.59%

Wine (Bottle)

$11.30 PAB 11.30

$7.93 ₫205.2K

42.50%

Local Beer (0.5 liter bottle)

$1.42 PAB 1.42

$0.88 ₫22.9K

61.36%

Imported Beer (0.33 liter bottle)

$2.73 PAB 2.73

$2.12 ₫54.9K

28.77%

One-way Ticket (Public Transport)

$0.33 PAB 0.33

$0.32 ₫8,182

3.13%

Public Transport Monthly Pass (Regular Price)

$21.23 PAB 21.23

$4.99 ₫129.3K

325.45%

Taxi Start (Normal Tariff)

$2.52 PAB 2.52

$1.05 ₫27.1K

140.00%

Taxi (Normal Tariff) (1km)

$1.86 PAB 1.86

$0.55 ₫14.3K

238.18%

Taxi 1hour Waiting (Normal Tariff)

$21.78 PAB 21.78

$19.50 ₫504.8K

11.69%

Gasoline (1 liter)

$1.25 PAB 1.25

$0.95 ₫24.5K

31.58%

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

$21.2K PAB 21.2K

$30.9K ₫799.2M

-31.20%

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

$21.0K PAB 21.0K

$28.0K ₫724.6M

-24.89%

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

$130 PAB 130

$76.6 ₫2.0M

69.55%

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

$28.13 PAB 28.13

$6.47 ₫167.6K

334.78%

Internet (50+ Mbps, Unlimited Data)

$48.21 PAB 48.21

$8.08 ₫209.1K

496.66%

Gym Membership (Monthly)

$45.78 PAB 45.78

$24.98 ₫646.6K

83.27%

Tennis Court (1 Hour on Weekend)

$34.92 PAB 34.92

$5.35 ₫138.6K

552.71%

Cinema Ticket

$8.67 PAB 8.67

$3.07 ₫79.4K

182.41%

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

$544 PAB 544

$161 ₫4.2M

237.46%

International Primary School, 1 Child (Yearly)

$9,697 PAB 9,697

$15.2K ₫392.3M

-36.01%

Jeans (Levis 501 Or Similar)

$66.8 PAB 66.8

$45.38 ₫1.2M

47.09%

Summer Dress (H&M, Zara, etc)

$49.14 PAB 49.14

$27.22 ₫704.7K

80.53%

Sport Shoes (Adidas, Nike)

$93.9 PAB 93.9

$100 ₫2.6M

-6.23%

Men's Leather Business Shoes

$112 PAB 112

$80.9 ₫2.1M

37.94%

1-bedroom Apartment, City Center (Monthly)

$1,257 PAB 1,257

$529 ₫13.7M

137.63%

1-bedroom Apartment, Outside City Center (Monthly)

$875 PAB 875

$349 ₫9.0M

150.65%

3-bedroom Apartment, City Center (Monthly)

$2,155 PAB 2,155

$1,053 ₫27.3M

104.60%

3-bedroom Apartment, Outside City Center (Monthly)

$1,564 PAB 1,564

$811 ₫21.0M

92.92%

Buy Apartment in City Center (m2)

$3,122 PAB 3,122

$3,834 ₫99.3M

-18.58%

Buy Apartment Outside City Center (m2)

$1,709 PAB 1,709

$1,308 ₫33.9M

30.70%

Average Monthly Net Salary (After Tax)

$916 PAB 916

$363 ₫9.4M

152.08%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.39

10.72

-40.39%

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

Last update for Panama City: October 10, 2026

Last update for Da Nang: October 12, 2026

Monthly budget structure

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

Accommodation & Living

Panama City

$875 47.2%

Da Nang

$349 40.4% 60.1% $526

Groceries & Markets

Panama City

$325 17.5%

Da Nang

$201 23.2% 38.3% $125

Eating Out

Panama City

$207 11.1%

Da Nang

$67 7.8% 67.4% $139

Monthly Utilities & Internet

Panama City

$206 11.1%

Da Nang

$91 10.6% 55.8% $115

Clothing & Footwear

Panama City

$145 7.8%

Da Nang

$114 13.2% 21.1% $30

Sport & Entertainment

Panama City

$63 3.4%

Da Nang

$31 3.6% 50.7% $32

Getting Around

Panama City

$34 1.9%

Da Nang

$10 1.2% 70.7% $24

Cost Breakdown

A central one-bedroom costs $1,257 in Panama City versus $529 in Da Nang. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

Salaries run about 152% higher in Panama City, which partly offsets the higher cost of living there. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $48.00 in Panama City versus $20.00 in Da Nang. Monthly groceries follow the same trend: $325 vs $201 – making Da Nang the more affordable choice for daily food spending.

Good to know

🇵🇦 Panama City

🇻🇳 Da Nang

🕒 Local time

10:52 10:52 AM

22:52 10:52 PM

12 h ahead of Panama City

🌤 Weather

👥 Population

1,086,990 Capital

1,245,200

💱 Currency

Panamanian Balboa PAB B/.

Vietnamese Dong VND ₫

📈 Exchange rate

1 PAB = 1 USD

1 PAB = 0.89 EUR

100,000 VND = 3.86 USD

100,000 VND = 3.44 EUR

Exchange rates and currency converter

VND, USD, EUR to PAB – Panamanian Balboa Converter

🇺🇸 United States Dollar ($)

🇵🇦 Panamanian Balboa (B/.)

Panamanian Balboa exchange rates as of October 19, 2026: 1 USD = 1 PAB (1 PAB = 1 USD). 1 EUR = 1.12 PAB (1 PAB = 0.89 EUR).

Vietnamese Dong exchange rates as of October 19, 2026: 1 USD = 25,889 VND (100,000 VND = 3.86 USD). 1 EUR = 29,105 VND (100,000 VND = 3.44 EUR).

USD to PAB in detail →

On the map

Lowest

Highest

Between locations

Panama City Da Nang 17,100 km ≈ 22 h nonstop flight

From you

Panama City
Da Nang

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 Da Nang: Cost of Living - Frequently Asked Questions

Monthly costs with rent: $1,855 in Panama City, $863 in Da Nang – roughly 115% apart. Outside of rent, the biggest gap is in eating out.

For a comfortable life, plan on about $2,783 per month in Panama City and $1,295 in Da Nang. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Da Nang, especially for central apartments. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

Groceries cost about 62% more in Panama City, though it depends on what you buy. Local produce may be comparable; imported and premium items show the biggest price gap.

A mid-range dinner for two costs $48.00 in Panama City and $20.00 in Da Nang. That's a good indicator of the overall restaurant and café pricing gap between the two cities.

A $2,000 monthly budget goes further in Da Nang, where all-in costs run around $863, than in Panama City at $1,855. In Da Nang it covers expenses comfortably, while in Panama City it requires careful planning or may not stretch far enough.

It depends on your priorities. Panama City has an edge in some lifestyle areas, with costs from $863 in Da Nang to $1,855 in Panama City. Climate, culture, job market, and personal taste all factor in.

Both have safer and rougher neighborhoods, but overall safety is comparable to other large cities. Neighborhood choice matters more than the city-level comparison – central, well-trafficked areas feel secure in both.

If budget matters most, go with Da Nang. If higher salaries, better infrastructure, or specific career opportunities are the priority, Panama City makes more sense. Both are solid long-term options with distinct trade-offs.