Last update: Nov 2026

Cost of Living Comparison Between Panama City and Gallup, NM

For one person, living is cheaper in Panama City: $1,972 a month against $2,283 in Gallup, NM, rent and utilities included – about $3,700 less a year. The total is higher in Gallup, NM despite lower rent and utilities.

95

Cost of Living Index in Panama City
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Panama City Living Index
110

Cost of Living Index in Gallup, NM
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Gallup, NM Living Index

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Panama City

🇵🇦 Panama

$1,972

/mo nomad

Gallup, NM

🇺🇸 United States

$2,283

/mo nomad

Monthly Cost of Living

How much you'll spend in Panama City and in Gallup, NM

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 Gallup, NM actually costs, broken down by who's living it.

Monthly costs for one person with rent: $1,972 in Panama City versus $2,283 in Gallup, NM.

Panama City $1,972
Gallup, NM $2,283

Estimated couple costs with rent: $2,930 in Panama City versus $3,314 in Gallup, NM.

Panama City $2,930
Gallup, NM $3,314

Monthly costs for a family of three with rent: $3,888 in Panama City versus $4,345 in Gallup, NM.

Panama City $3,888
Gallup, NM $4,345

Living in Panama City costs roughly 14% less than in Gallup, NM, and outside of rent the biggest gap is in groceries.

Both cities are pricier than the global median: Panama City 46% above, Gallup, NM 69% above.

Meal at Budget Restaurant

$11.37 PAB 11.37

$16.78 $16.78

-32.24%

Three-Course Dinner for Two, Mid-Range

$46.69 PAB 46.69

$77.8 $77.8

-40.00%

Fast Food Meal (McDonalds, etc)

$7.98 PAB 7.98

$12.09 $12.09

-34.00%

Cappuccino

$4.12 PAB 4.12

$5.49 $5.49

-24.95%

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

$2.01 PAB 2.01

$2.95 $2.95

-31.86%

Water (0.33 liter bottle)

$1.57 PAB 1.57

$2.43 $2.43

-35.39%

Local Beer (0.5 liter draught)

$3.28 PAB 3.28

$6.15 $6.15

-46.67%

Imported Beer (0.33 liter bottle)

$3.88 PAB 3.88

$7.04 $7.04

-44.89%

Milk (1 liter)

$1.82 PAB 1.82

$1.17 $1.17

55.56%

White Bread (500g)

$2.61 PAB 2.61

$4.31 $4.31

-39.44%

Rice (white) (1kg)

$3.45 PAB 3.45

$5.48 $5.48

-37.04%

Eggs

$2.68 PAB 2.68

$4.20 $4.20

-36.19%

Local Cheese (1kg)

$12.42 PAB 12.42

$16.70 $16.70

-25.63%

Chicken Fillets (1kg)

$6.73 PAB 6.73

$20.64 $20.64

-67.39%

Beef Round Steak (1kg)

$10.44 PAB 10.44

$17.02 $17.02

-38.66%

Apples (1kg)

$4.21 PAB 4.21

$5.85 $5.85

-28.03%

Banana (1kg)

$1.95 PAB 1.95

$1.75 $1.75

11.43%

Oranges (1kg)

$4.07 PAB 4.07

$3.75 $3.75

8.53%

Tomato (1kg)

$4.02 PAB 4.02

$4.42 $4.42

-9.05%

Potato (1kg)

$3.46 PAB 3.46

$2.81 $2.81

23.13%

Onion (1kg)

$4.42 PAB 4.42

$2.03 $2.03

117.73%

Lettuce (1 head)

$2.43 PAB 2.43

$2.54 $2.54

-4.33%

Water (1.5 liter bottle)

$1.72 PAB 1.72

$2.47 $2.47

-30.36%

Cigarettes 20 Pack (Marlboro, Camel)

$6.04 PAB 6.04

$10.77 $10.77

-43.92%

Wine (Bottle)

$11.68 PAB 11.68

$16.07 $16.07

-27.32%

Local Beer (0.5 liter bottle)

$1.41 PAB 1.41

$2.13 $2.13

-33.80%

Imported Beer (0.33 liter bottle)

$2.74 PAB 2.74

$4.28 $4.28

-35.98%

One-way Ticket (Public Transport)

$0.33 PAB 0.33

$1.92 $1.92

-82.81%

Public Transport Monthly Pass (Regular Price)

$20.65 PAB 20.65

$52.7 $52.7

-60.79%

Taxi Start (Normal Tariff)

$2.45 PAB 2.45

$3.57 $3.57

-31.37%

Taxi (Normal Tariff) (1km)

$1.76 PAB 1.76

$2.31 $2.31

-23.81%

Taxi 1hour Waiting (Normal Tariff)

$21.86 PAB 21.86

$34.66 $34.66

-36.93%

Gasoline (1 liter)

$1.20 PAB 1.20

$1.02 $1.02

17.65%

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

$24.6K PAB 24.6K

$26.3K $26.3K

-6.51%

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

$20.9K PAB 20.9K

$25.4K $25.4K

-17.67%

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

$132 PAB 132

$250 $250

-47.21%

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

$27.89 PAB 27.89

$44.45 $44.45

-37.26%

Internet (50+ Mbps, Unlimited Data)

$49.10 PAB 49.10

$92.7 $92.7

-47.02%

Gym Membership (Monthly)

$44.53 PAB 44.53

$39.23 $39.23

13.51%

Tennis Court (1 Hour on Weekend)

$34.01 PAB 34.01

Cinema Ticket

$8.70 PAB 8.70

$17.79 $17.79

-51.10%

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

$537 PAB 537

$1,363 $1,363

-60.63%

International Primary School, 1 Child (Yearly)

$20.5K PAB 20.5K

$23.1K $23.1K

-11.26%

Jeans (Levis 501 Or Similar)

$65.8 PAB 65.8

$60.5 $60.5

8.71%

Summer Dress (H&M, Zara, etc)

$48.45 PAB 48.45

$57.5 $57.5

-15.77%

Sport Shoes (Adidas, Nike)

$95.4 PAB 95.4

$80.0 $80.0

19.34%

Men's Leather Business Shoes

$114 PAB 114

$130 $130

-12.63%

1-bedroom Apartment, City Center (Monthly)

$1,405 PAB 1,405

$991 $991

41.74%

1-bedroom Apartment, Outside City Center (Monthly)

$994 PAB 994

$817 $817

21.69%

3-bedroom Apartment, City Center (Monthly)

$2,221 PAB 2,221

$1,504 $1,504

47.67%

3-bedroom Apartment, Outside City Center (Monthly)

$1,714 PAB 1,714

$1,196 $1,196

43.26%

Buy Apartment in City Center (m2)

$3,139 PAB 3,139

$3,090 $3,090

1.58%

Buy Apartment Outside City Center (m2)

$1,724 PAB 1,724

$2,405 $2,405

-28.32%

Average Monthly Net Salary (After Tax)

$936 PAB 936

20-Year Fixed Mortgage Interest Rate (Annual %)

6.39

6.64

-3.77%

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

Last update for Panama City: November 3, 2026

Last update for Gallup, NM: November 1, 2026

Monthly budget structure

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

Accommodation & Living

Panama City

$994 50.4%

Gallup, NM

$817 35.8% 17.8% $177

Groceries & Markets

Panama City

$326 16.5%

Gallup, NM

$478 21% 46.9% $153

Monthly Utilities & Internet

Panama City

$209 10.6%

Gallup, NM

$387 16.9% 85.3% $178

Eating Out

Panama City

$203 10.3%

Gallup, NM

$303 13.3% 49.2% $100

Clothing & Footwear

Panama City

$145 7.4%

Gallup, NM

$148 6.5% 1.5% $2.1

Sport & Entertainment

Panama City

$62 3.1%

Gallup, NM

$75 3.3% 20.8% $13

Getting Around

Panama City

$33 1.7%

Gallup, NM

$75 3.3% 127% $42

Cost Breakdown

A one-bedroom apartment in the center runs $1,405 in Panama City and $991 in Gallup, NM. Housing cost is often the main lever when comparing two cities.

Dining out: $47 in Panama City vs $78 in Gallup, NM for a mid-range dinner for two. Groceries echo the gap at $326 vs $478 per month, with Panama City cheaper across the board.

Good to know

🇵🇦 Panama City

🇺🇸 Gallup, NM

🕒 Local time

20:56 8:56 PM

18:56 6:56 PM

2 h behind Panama City

🌤 Weather

👥 Population

1,086,990 Capital

21,605

💱 Currency

Panamanian Balboa PAB B/.

United States Dollar USD $

📈 Exchange rate

1 PAB = 1 USD

1 PAB = 0.895 EUR

1 USD = 0.895 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 November 7, 2026: 1 USD = 1 PAB (1 PAB = 1 USD). 1 EUR = 1.12 PAB (1 PAB = 0.895 EUR).

United States Dollar exchange rates as of November 7, 2026: 1 EUR = 1.12 USD (1 USD = 0.895 EUR).

USD to PAB in detail →

On the map

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Between locations

Panama City Gallup, NM 4,180 km ≈ 6 h nonstop flight

From you

Panama City
Gallup, NM

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 Gallup, NM: Cost of Living - Frequently Asked Questions

Panama City is about 14% cheaper overall, especially in groceries, eating out, and utilities. That difference adds up to real monthly savings that compound significantly over time.

You’d need roughly $2,958 in Panama City and $3,424 in Gallup, NM 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: $1,405 in Panama City versus $991 in Gallup, NM. Housing is usually the single largest factor when comparing overall living costs between the two.

Supermarket bills run roughly 47% higher in Gallup, NM. 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 $78 in Gallup, NM. If you eat out regularly, this makes a real dent in your monthly spending.

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.