Last update: Oct 2026

Cost of Living Comparison Between Panama City and Flagstaff, AZ

For one person, living is cheaper in Panama City: $1,855 a month against $2,965 in Flagstaff, AZ, rent and utilities included – about $13,300 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
145

Cost of Living Index in Flagstaff, AZ
Learn more

Flagstaff, AZ Living Index

Jump to prices

Panama City

🇵🇦 Panama

$1,855

/mo nomad

Flagstaff, AZ

🇺🇸 United States

$2,965

/mo nomad

Monthly Cost of Living

How much you'll spend in Panama City and in Flagstaff, AZ

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 Flagstaff, AZ actually costs, broken down by who's living it.

A single person spends $1,855 per month in Panama City vs $2,965 in Flagstaff, AZ, rent included.

Panama City $1,855
Flagstaff, AZ $2,965

A couple spends around $2,804 per month in Panama City vs $4,337 in Flagstaff, AZ, rent included.

Panama City $2,804
Flagstaff, AZ $4,337

A family of three spends $3,753 per month in Panama City vs $5,710 in Flagstaff, AZ, rent included.

Panama City $3,753
Flagstaff, AZ $5,710

Panama City is about 37% cheaper than Flagstaff, AZ, and outside of rent the biggest gap is in eating out.

Both Panama City and Flagstaff, AZ sit above the global median – Panama City by 37%, Flagstaff, AZ by 120%.

Meal at Budget Restaurant

$11.63 PAB 11.63

$19.64 $19.64

-40.78%

Three-Course Dinner for Two, Mid-Range

$47.92 PAB 47.92

$81.2 $81.2

-40.96%

Fast Food Meal (McDonalds, etc)

$7.96 PAB 7.96

$14.61 $14.61

-45.52%

Cappuccino

$4.22 PAB 4.22

$6.23 $6.23

-32.26%

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

$2.01 PAB 2.01

$3.31 $3.31

-39.27%

Water (0.33 liter bottle)

$1.56 PAB 1.56

$2.44 $2.44

-36.07%

Local Beer (0.5 liter draught)

$3.39 PAB 3.39

$6.02 $6.02

-43.69%

Imported Beer (0.33 liter bottle)

$3.94 PAB 3.94

$6.89 $6.89

-42.82%

Milk (1 liter)

$1.85 PAB 1.85

$0.79 $0.79

134.18%

White Bread (500g)

$2.56 PAB 2.56

$2.59 $2.59

-1.16%

Rice (white) (1kg)

$3.48 PAB 3.48

$4.17 $4.17

-16.55%

Eggs

$2.69 PAB 2.69

$4.32 $4.32

-37.73%

Local Cheese (1kg)

$12.57 PAB 12.57

$14.39 $14.39

-12.65%

Chicken Fillets (1kg)

$6.83 PAB 6.83

$7.55 $7.55

-9.54%

Beef Round Steak (1kg)

$10.58 PAB 10.58

$11.08 $11.08

-4.51%

Apples (1kg)

$4.18 PAB 4.18

$3.84 $3.84

8.85%

Banana (1kg)

$1.83 PAB 1.83

$1.87 $1.87

-2.14%

Oranges (1kg)

$4.20 PAB 4.20

$3.61 $3.61

16.34%

Tomato (1kg)

$4.03 PAB 4.03

$3.74 $3.74

7.75%

Potato (1kg)

$3.48 PAB 3.48

$2.29 $2.29

51.97%

Onion (1kg)

$4.22 PAB 4.22

$2.21 $2.21

90.95%

Lettuce (1 head)

$2.41 PAB 2.41

$2.23 $2.23

8.07%

Water (1.5 liter bottle)

$1.69 PAB 1.69

$2.65 $2.65

-36.23%

Cigarettes 20 Pack (Marlboro, Camel)

$6.14 PAB 6.14

$10.38 $10.38

-40.85%

Wine (Bottle)

$11.30 PAB 11.30

$12.14 $12.14

-6.92%

Local Beer (0.5 liter bottle)

$1.42 PAB 1.42

$2.17 $2.17

-34.56%

Imported Beer (0.33 liter bottle)

$2.73 PAB 2.73

$2.32 $2.32

17.67%

One-way Ticket (Public Transport)

$0.33 PAB 0.33

$1.02 $1.02

-67.65%

Public Transport Monthly Pass (Regular Price)

$21.23 PAB 21.23

$31.46 $31.46

-32.52%

Taxi Start (Normal Tariff)

$2.52 PAB 2.52

$2.67 $2.67

-5.62%

Taxi (Normal Tariff) (1km)

$1.86 PAB 1.86

$1.34 $1.34

38.81%

Taxi 1hour Waiting (Normal Tariff)

$21.78 PAB 21.78

$36.63 $36.63

-40.54%

Gasoline (1 liter)

$1.25 PAB 1.25

$1.14 $1.14

9.65%

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

$21.2K PAB 21.2K

$36.0K $36.0K

-40.97%

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

$21.0K PAB 21.0K

$25.9K $25.9K

-18.97%

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

$130 PAB 130

$242 $242

-46.30%

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

$28.13 PAB 28.13

$52.2 $52.2

-46.10%

Internet (50+ Mbps, Unlimited Data)

$48.21 PAB 48.21

$76.5 $76.5

-36.94%

Gym Membership (Monthly)

$45.78 PAB 45.78

$68.9 $68.9

-33.54%

Tennis Court (1 Hour on Weekend)

$34.92 PAB 34.92

$20.14 $20.14

73.39%

Cinema Ticket

$8.67 PAB 8.67

$13.77 $13.77

-37.04%

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

$544 PAB 544

$1,845 $1,845

-70.50%

International Primary School, 1 Child (Yearly)

$9,697 PAB 9,697

$23.2K $23.2K

-58.27%

Jeans (Levis 501 Or Similar)

$66.8 PAB 66.8

$62.8 $62.8

6.27%

Summer Dress (H&M, Zara, etc)

$49.14 PAB 49.14

$35.23 $35.23

39.48%

Sport Shoes (Adidas, Nike)

$93.9 PAB 93.9

$110 $110

-14.89%

Men's Leather Business Shoes

$112 PAB 112

$133 $133

-16.42%

1-bedroom Apartment, City Center (Monthly)

$1,257 PAB 1,257

$2,008 $2,008

-37.40%

1-bedroom Apartment, Outside City Center (Monthly)

$875 PAB 875

$1,620 $1,620

-45.98%

3-bedroom Apartment, City Center (Monthly)

$2,155 PAB 2,155

$3,420 $3,420

-36.98%

3-bedroom Apartment, Outside City Center (Monthly)

$1,564 PAB 1,564

$2,785 $2,785

-43.86%

Buy Apartment in City Center (m2)

$3,122 PAB 3,122

$4,586 $4,586

-31.93%

Buy Apartment Outside City Center (m2)

$1,709 PAB 1,709

$4,299 $4,299

-60.23%

Average Monthly Net Salary (After Tax)

$916 PAB 916

$3,743 $3,743

-75.53%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.39

6.46

-1.08%

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

Last update for Panama City: October 10, 2026

Last update for Flagstaff, AZ: October 12, 2026

Monthly budget structure

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

Accommodation & Living

Panama City

$875 47.2%

Flagstaff, AZ

$1.6K 54.6% 85.1% $745

Groceries & Markets

Panama City

$325 17.5%

Flagstaff, AZ

$337 11.4% 3.7% $12

Eating Out

Panama City

$207 11.1%

Flagstaff, AZ

$343 11.6% 65.8% $136

Monthly Utilities & Internet

Panama City

$206 11.1%

Flagstaff, AZ

$370 12.5% 79.7% $164

Clothing & Footwear

Panama City

$145 7.8%

Flagstaff, AZ

$154 5.2% 6.4% $9.2

Sport & Entertainment

Panama City

$63 3.4%

Flagstaff, AZ

$96 3.3% 52.8% $33

Getting Around

Panama City

$34 1.9%

Flagstaff, AZ

$45 1.5% 30.6% $11

Cost Breakdown

A central one-bedroom costs $1,257 in Panama City versus $2,008 in Flagstaff, AZ. 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 309% higher in Flagstaff, AZ, 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 $81.0 in Flagstaff, AZ. Monthly groceries follow the same trend: $325 vs $337 – making Panama City the more affordable choice for daily food spending.

Good to know

🇵🇦 Panama City

🇺🇸 Flagstaff, AZ

🕒 Local time

13:22 1:22 PM

11:22 11:22 AM

2 h behind Panama City

🌤 Weather

👥 Population

1,086,990 Capital

76,831

💱 Currency

Panamanian Balboa PAB B/.

United States Dollar USD $

📈 Exchange rate

1 PAB = 1 USD

1 PAB = 0.889 EUR

1 USD = 0.889 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 17, 2026: 1 USD = 1 PAB (1 PAB = 1 USD). 1 EUR = 1.12 PAB (1 PAB = 0.889 EUR).

United States Dollar exchange rates as of October 17, 2026: 1 EUR = 1.12 USD (1 USD = 0.889 EUR).

USD to PAB in detail →

On the map

Lowest

Highest

Between locations

Panama City Flagstaff, AZ 4,370 km ≈ 6 h nonstop flight

From you

Panama City
Flagstaff, AZ

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 Flagstaff, AZ: Cost of Living - Frequently Asked Questions

Flagstaff, AZ costs about 60% more than Panama City, and outside of rent the gap comes mainly from eating out. That's enough to noticeably affect everyday spending and lifestyle for anyone choosing between the two.

For a comfortable life, plan on about $2,783 per month in Panama City and $4,448 in Flagstaff, AZ. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

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

Public transport costs about 48% less in Panama City. For daily commuters, that gap adds up to noticeable savings over a year.

Kindergarten costs $544 per month in Panama City and $1,845 in Flagstaff, AZ. For families with young kids, this one expense can tip the scales when choosing between the two cities.

A $2,500 monthly budget goes further in Panama City, where all-in costs run around $1,855, than in Flagstaff, AZ at $2,965. In Panama City it covers expenses comfortably, while in Flagstaff, AZ it requires careful planning or may not stretch far enough.

For digital nomads, it depends on budget. Panama City costs $1,855 versus $2,965 in Flagstaff, AZ. Both have workable remote work infrastructure, but the cost gap matters when income varies month to month.

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