Last update: Oct 2026

Cost of Living Comparison Between Panama City and Francisco Morato

For one person, living is cheaper in Francisco Morato: $909 a month against $1,857 in Panama City, rent and utilities included – about $11,400 less a year. Rent and utilities account for most of the difference.

90

Cost of Living Index in Panama City
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Panama City Living Index
44

Cost of Living Index in Francisco Morato
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Francisco Morato Living Index

Jump to prices

Panama City

🇵🇦 Panama

$1,857

/mo nomad

Francisco Morato

🇧🇷 Brazil

$909

/mo nomad

Monthly Cost of Living

How much you'll spend in Panama City and in Francisco Morato

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 Francisco Morato actually costs, broken down by who's living it.

Monthly costs for one person with rent: $1,857 in Panama City versus $909 in Francisco Morato.

Panama City $1,857
Francisco Morato $909

Estimated couple costs with rent: $2,815 in Panama City versus $1,497 in Francisco Morato.

Panama City $2,815
Francisco Morato $1,497

Monthly costs for a family of three with rent: $3,773 in Panama City versus $2,084 in Francisco Morato.

Panama City $3,773
Francisco Morato $2,084

Living in Panama City is roughly 104% more expensive than in Francisco Morato, and outside of rent the biggest gap is in groceries.

The two cities straddle the global median: Panama City is 37% above, Francisco Morato is 33% below.

Meal at Budget Restaurant

$11.68 PAB 11.68

$7.11 R$36.02

64.28%

Three-Course Dinner for Two, Mid-Range

$47.76 PAB 47.76

$39.40 R$200

21.22%

Fast Food Meal (McDonalds, etc)

$8.12 PAB 8.12

$9.12 R$46.25

-10.96%

Cappuccino

$4.23 PAB 4.23

$2.17 R$10.98

94.93%

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

$1.92 PAB 1.92

$1.65 R$8.37

16.36%

Water (0.33 liter bottle)

$1.58 PAB 1.58

$1.15 R$5.83

37.39%

Local Beer (0.5 liter draught)

$3.31 PAB 3.31

$2.80 R$14.18

18.21%

Imported Beer (0.33 liter bottle)

$3.98 PAB 3.98

$4.32 R$21.89

-7.87%

Milk (1 liter)

$1.92 PAB 1.92

$1.20 R$6.10

60.00%

White Bread (500g)

$2.63 PAB 2.63

$2.02 R$10.26

30.20%

Rice (white) (1kg)

$3.39 PAB 3.39

$1.14 R$5.78

197.37%

Eggs

$2.67 PAB 2.67

$2.68 R$13.60

-0.37%

Local Cheese (1kg)

$12.21 PAB 12.21

$9.05 R$45.88

34.92%

Chicken Fillets (1kg)

$6.91 PAB 6.91

$4.32 R$21.90

59.95%

Beef Round Steak (1kg)

$10.58 PAB 10.58

$10.66 R$54.1

-0.75%

Apples (1kg)

$4.16 PAB 4.16

$2.85 R$14.45

45.96%

Banana (1kg)

$1.97 PAB 1.97

$1.82 R$9.25

8.24%

Oranges (1kg)

$4.06 PAB 4.06

$1.78 R$9.02

128.09%

Tomato (1kg)

$4.18 PAB 4.18

$1.82 R$9.22

129.67%

Potato (1kg)

$3.47 PAB 3.47

$1.42 R$7.22

144.37%

Onion (1kg)

$4.26 PAB 4.26

$1.37 R$6.92

210.95%

Lettuce (1 head)

$2.44 PAB 2.44

$0.97 R$4.93

151.55%

Water (1.5 liter bottle)

$1.69 PAB 1.69

$0.79 R$3.99

113.92%

Cigarettes 20 Pack (Marlboro, Camel)

$5.83 PAB 5.83

$2.79 R$14.15

108.96%

Wine (Bottle)

$11.43 PAB 11.43

$8.89 R$45.05

28.57%

Local Beer (0.5 liter bottle)

$1.38 PAB 1.38

$1.64 R$8.32

-15.85%

Imported Beer (0.33 liter bottle)

$2.76 PAB 2.76

$2.11 R$10.70

30.81%

One-way Ticket (Public Transport)

$0.33 PAB 0.33

$1.03 R$5.22

-67.96%

Public Transport Monthly Pass (Regular Price)

$20.63 PAB 20.63

$45.27 R$229

-54.43%

Taxi Start (Normal Tariff)

$2.55 PAB 2.55

$1.31 R$6.67

94.66%

Taxi (Normal Tariff) (1km)

$1.78 PAB 1.78

$1.42 R$7.19

25.35%

Taxi 1hour Waiting (Normal Tariff)

$22.17 PAB 22.17

$9.62 R$48.77

130.46%

Gasoline (1 liter)

$1.24 PAB 1.24

$1.29 R$6.56

-3.88%

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

$24.4K PAB 24.4K

$23.3K R$118.3K

4.55%

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

$21.3K PAB 21.3K

$34.5K R$174.9K

-38.27%

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

$131 PAB 131

$43.25 R$219

203.56%

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

$27.83 PAB 27.83

$14.17 R$71.8

96.40%

Internet (50+ Mbps, Unlimited Data)

$49.32 PAB 49.32

$17.99 R$91.2

174.15%

Gym Membership (Monthly)

$45.69 PAB 45.69

$28.56 R$145

59.98%

Tennis Court (1 Hour on Weekend)

$34.10 PAB 34.10

$29.94 R$152

13.89%

Cinema Ticket

$8.47 PAB 8.47

$8.02 R$40.68

5.61%

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

$553 PAB 553

$427 R$2,166

29.57%

International Primary School, 1 Child (Yearly)

$9,719 PAB 9,719

$7,460 R$37.8K

30.28%

Jeans (Levis 501 Or Similar)

$66.4 PAB 66.4

$55.5 R$282

19.63%

Summer Dress (H&M, Zara, etc)

$47.39 PAB 47.39

$58.0 R$294

-18.35%

Sport Shoes (Adidas, Nike)

$95.7 PAB 95.7

$94.1 R$477

1.60%

Men's Leather Business Shoes

$113 PAB 113

$84.5 R$428

33.30%

1-bedroom Apartment, City Center (Monthly)

$1,322 PAB 1,322

$363 R$1,841

264.13%

1-bedroom Apartment, Outside City Center (Monthly)

$874 PAB 874

$236 R$1,196

270.66%

3-bedroom Apartment, City Center (Monthly)

$2,153 PAB 2,153

$666 R$3,379

223.03%

3-bedroom Apartment, Outside City Center (Monthly)

$1,580 PAB 1,580

$476 R$2,414

231.85%

Buy Apartment in City Center (m2)

$3,097 PAB 3,097

$1,626 R$8,241

90.54%

Buy Apartment Outside City Center (m2)

$1,698 PAB 1,698

$1,235 R$6,259

37.53%

Average Monthly Net Salary (After Tax)

$914 PAB 914

20-Year Fixed Mortgage Interest Rate (Annual %)

6.39

11.12

-42.54%

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

Last update for Panama City: October 20, 2026

Last update for Francisco Morato: October 17, 2026

Monthly budget structure

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

Accommodation & Living

Panama City

$874 47.1%

Francisco Morato

$236 25.9% 73% $638

Groceries & Markets

Panama City

$327 17.6%

Francisco Morato

$220 24.2% 32.6% $106

Monthly Utilities & Internet

Panama City

$208 11.2%

Francisco Morato

$75 8.3% 63.8% $133

Eating Out

Panama City

$207 11.2%

Francisco Morato

$144 15.8% 30.4% $63

Clothing & Footwear

Panama City

$145 7.8%

Francisco Morato

$132 14.5% 9.3% $13

Sport & Entertainment

Panama City

$63 3.4%

Francisco Morato

$45 4.9% 28.8% $18

Getting Around

Panama City

$33 1.8%

Francisco Morato

$58 6.4% 72.9% $24

Cost Breakdown

A one-bedroom apartment in the center runs $1,322 in Panama City and $363 in Francisco Morato. Housing cost is often the main lever when comparing two cities.

Dining out: $48.00 in Panama City vs $39.00 in Francisco Morato for a mid-range dinner for two. Groceries echo the gap at $327 vs $220 per month, with Francisco Morato cheaper across the board.

Good to know

🇵🇦 Panama City

🇧🇷 Francisco Morato

🕒 Local time

06:42 6:42 AM

08:42 8:42 AM

2 h ahead of Panama City

🌤 Weather

👥 Population

1,086,990 Capital

165,139

💱 Currency

Panamanian Balboa PAB B/.

Brazilian Real BRL R$

📈 Exchange rate

1 PAB = 1 USD

1 PAB = 0.89 EUR

1 BRL = 0.197 USD

1 BRL = 0.175 EUR

Exchange rates and currency converter

BRL, USD, EUR to PAB – Panamanian Balboa Converter

🇺🇸 United States Dollar ($)

🇵🇦 Panamanian Balboa (B/.)

Panamanian Balboa exchange rates as of October 22, 2026: 1 USD = 1 PAB (1 PAB = 1 USD). 1 EUR = 1.12 PAB (1 PAB = 0.89 EUR).

Brazilian Real exchange rates as of October 22, 2026: 1 USD = 5.07 BRL (1 BRL = 0.197 USD). 1 EUR = 5.7 BRL (1 BRL = 0.175 EUR).

USD to PAB in detail →

On the map

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Between locations

Panama City Francisco Morato 5,060 km ≈ 7 h nonstop flight

From you

Panama City
Francisco Morato

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 Francisco Morato: Cost of Living - Frequently Asked Questions

Francisco Morato is cheaper overall, especially in groceries, eating out, and clothing. The 104% gap adds up to real monthly savings that compound significantly over time.

You'd need roughly $2,786 in Panama City and $1,364 in Francisco Morato 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: $1,322 in Panama City versus $363 in Francisco Morato. Housing is usually the single largest factor when comparing overall living costs between the two.

Dining out is cheaper in Francisco Morato – a meal for two runs $39.00 versus $48.00 in Panama City. If you eat out regularly, this makes a real dent in your monthly spending.

All in, you'll spend $1,857 per month in Panama City versus $909 in Francisco Morato – a 104% gap that adds up to real savings over time for anyone picking the cheaper option.

At $909 in Francisco Morato versus $1,857 in Panama City, a $1,500 budget is realistic in Francisco Morato but tight or insufficient in Panama City. The gap between the two cities makes Francisco Morato the clear choice for anyone on this budget.

For families, Francisco Morato is more practical. Housing and childcare are both notably cheaper than in Panama City, and the savings on those two alone free up budget for education, activities, and family trips.

Expats usually find Francisco Morato gentler on the wallet – expenses run 104% less than in Panama City. Beyond cost, consider language, visa policies, and how big the international community is in each city.