Cost of Living Comparison Between Panama City and Da Nang Cost of Living Comparison Between Panama City and Da Nang

Monthly Cost of Living

A single person spends $1,814 per month in Panama City vs $704 in Da Nang, rent included.

A couple spends around $2,728 per month in Panama City vs $1,081 in Da Nang, rent included.

A family of three spends $3,643 per month in Panama City vs $1,458 in Da Nang, rent included.

Panama City costs about 158% more than Da Nang, driven mainly by Eating Out.

Panama City sits 36% above the global median, while Da Nang is 47% below – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$10.13 PAB 10.13

$1.93 ₫50.8K

424.87%

Three-Course Dinner for Two, Mid-Range

$49.65 PAB 49.65

$19.46 ₫511.5K

155.14%

Fast Food Meal (McDonalds, etc)

$8.06 PAB 8.06

$4.65 ₫122.2K

73.33%

Cappuccino

$3.60 PAB 3.60

$1.61 ₫42.3K

123.60%

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

$1.72 PAB 1.72

$0.51 ₫13.4K

237.25%

Water (0.33 liter bottle)

$1.36 PAB 1.36

$0.29 ₫7,592

368.97%

Local Beer (0.5 liter draught)

$2.95 PAB 2.95

$1.07 ₫28.2K

175.70%

Imported Beer (0.33 liter bottle)

$4.03 PAB 4.03

$1.59 ₫41.7K

153.46%

Milk (1 liter)

$1.81 PAB 1.81

$1.38 ₫36.3K

31.16%

White Bread (500g)

$2.46 PAB 2.46

$0.95 ₫24.9K

158.95%

Rice (white) (1kg)

$2.41 PAB 2.41

$1.17 ₫30.7K

105.98%

Eggs

$2.93 PAB 2.93

$1.43 ₫37.5K

104.90%

Local Cheese (1kg)

$11.38 PAB 11.38

$12.59 ₫331.0K

-9.61%

Chicken Fillets (1kg)

$7.06 PAB 7.06

$3.64 ₫95.8K

93.96%

Beef Round Steak (1kg)

$9.85 PAB 9.85

$9.79 ₫257.3K

0.61%

Apples (1kg)

$3.37 PAB 3.37

$2.76 ₫72.4K

22.10%

Banana (1kg)

$1.51 PAB 1.51

$0.94 ₫24.8K

60.64%

Oranges (1kg)

$2.86 PAB 2.86

$1.12 ₫29.4K

155.36%

Tomato (1kg)

$3.12 PAB 3.12

$1.05 ₫27.6K

197.14%

Potato (1kg)

$2.23 PAB 2.23

$1.10 ₫28.9K

102.73%

Onion (1kg)

$2.76 PAB 2.76

$1.19 ₫31.4K

131.93%

Lettuce (1 head)

$2.18 PAB 2.18

$1.00 ₫26.3K

118.00%

Water (1.5 liter bottle)

$1.53 PAB 1.53

$0.48 ₫12.7K

218.75%

Cigarettes 20 Pack (Marlboro, Camel)

$6.09 PAB 6.09

$1.38 ₫36.3K

341.30%

Wine (Bottle)

$10.78 PAB 10.78

$7.52 ₫197.7K

43.35%

Local Beer (0.5 liter bottle)

$1.28 PAB 1.28

$0.81 ₫21.4K

58.02%

Imported Beer (0.33 liter bottle)

$2.36 PAB 2.36

$1.60 ₫42.1K

47.50%

One-way Ticket (Public Transport)

$0.44 PAB 0.44

$0.32 ₫8,321

37.50%

Public Transport Monthly Pass (Regular Price)

$22.10 PAB 22.10

$3.73 ₫98.2K

492.49%

Taxi Start (Normal Tariff)

$2.44 PAB 2.44

$0.82 ₫21.5K

197.56%

Taxi (Normal Tariff) (1km)

$1.77 PAB 1.77

$0.69 ₫18.3K

156.52%

Taxi 1hour Waiting (Normal Tariff)

$21.61 PAB 21.61

$12.03 ₫316.4K

79.63%

Gasoline (1 liter)

$0.95 PAB 0.95

$0.91 ₫24.0K

4.40%

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

$19.6K PAB 19.6K

$27.2K ₫715.1M

-27.92%

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

$20.6K PAB 20.6K

$28.1K ₫739.2M

-26.85%

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

$122 PAB 122

$74.1 ₫1.9M

64.81%

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

$29.88 PAB 29.88

$5.97 ₫157.0K

400.50%

Internet (50+ Mbps, Unlimited Data)

$49.49 PAB 49.49

$8.07 ₫212.3K

513.26%

Gym Membership (Monthly)

$45.36 PAB 45.36

$20.06 ₫527.5K

126.12%

Tennis Court (1 Hour on Weekend)

$32.73 PAB 32.73

$7.52 ₫197.6K

335.24%

Cinema Ticket

$7.85 PAB 7.85

$3.00 ₫78.9K

161.67%

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

$484 PAB 484

$153 ₫4.0M

216.07%

International Primary School, 1 Child (Yearly)

$15.8K PAB 15.8K

$12.8K ₫336.9M

23.36%

Jeans (Levis 501 Or Similar)

$51.6 PAB 51.6

$39.61 ₫1.0M

30.30%

Summer Dress (H&M, Zara, etc)

$46.50 PAB 46.50

$25.60 ₫673.1K

81.64%

Sport Shoes (Adidas, Nike)

$88.6 PAB 88.6

$52.7 ₫1.4M

68.06%

Men's Leather Business Shoes

$121 PAB 121

$76.9 ₫2.0M

57.67%

1-bedroom Apartment, City Center (Monthly)

$1,158 PAB 1,158

$365 ₫9.6M

217.38%

1-bedroom Apartment, Outside City Center (Monthly)

$894 PAB 894

$244 ₫6.4M

266.36%

3-bedroom Apartment, City Center (Monthly)

$2,037 PAB 2,037

$732 ₫19.2M

178.27%

3-bedroom Apartment, Outside City Center (Monthly)

$1,578 PAB 1,578

$458 ₫12.0M

244.67%

Buy Apartment in City Center (m2)

$3,124 PAB 3,124

$3,767 ₫99.0M

-17.05%

Buy Apartment Outside City Center (m2)

$1,693 PAB 1,693

$1,304 ₫34.3M

29.76%

Average Monthly Net Salary (After Tax)

$926 PAB 926

$359 ₫9.4M

157.99%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.23

10.67

-41.61%

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

Last update for Panama City: July 12, 2026

Last update for Da Nang: July 14, 2026

Cost Breakdown

A central one-bedroom costs $1,158 in Panama City versus $365 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 158% 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 $50.0 in Panama City versus $19.00 in Da Nang. Monthly groceries follow the same trend: $288 vs $186 – making Da Nang the more affordable choice for daily food spending.

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: $1,814 in Panama City, $704 in Da Nang – roughly 158% apart. Panama City costs more across the board, with Eating Out showing the biggest gap.

For a comfortable life, plan on about $2,720 per month in Panama City and $1,056 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 55% 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 $50.0 in Panama City and $19.00 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 $704, than in Panama City at $1,814. 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 $704 in Da Nang to $1,814 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.