Last update: Oct 2026

Cost of Living Comparison Between Panama City and Gilbert, AZ

For one person, living is cheaper in Panama City: $1,857 a month against $2,781 in Gilbert, AZ, rent and utilities included – about $11,100 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
133

Cost of Living Index in Gilbert, AZ
Learn more

Gilbert, AZ Living Index

Jump to prices

Panama City

🇵🇦 Panama

$1,857

/mo nomad

Gilbert, AZ

🇺🇸 United States

$2,781

/mo nomad

Monthly Cost of Living

How much you'll spend in Panama City and in Gilbert, 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 Gilbert, AZ actually costs, broken down by who's living it.

Monthly costs for one person with rent: $1,857 in Panama City versus $2,781 in Gilbert, AZ.

Panama City $1,857
Gilbert, AZ $2,781

Estimated couple costs with rent: $2,815 in Panama City versus $3,931 in Gilbert, AZ.

Panama City $2,815
Gilbert, AZ $3,931

Monthly costs for a family of three with rent: $3,773 in Panama City versus $5,082 in Gilbert, AZ.

Panama City $3,773
Gilbert, AZ $5,082

Living in Panama City costs roughly 33% less than in Gilbert, AZ, and outside of rent the biggest gap is in eating out.

Both cities are pricier than the global median: Panama City 37% above, Gilbert, AZ 105% above.

Meal at Budget Restaurant

$11.68 PAB 11.68

$19.72 $19.72

-40.77%

Three-Course Dinner for Two, Mid-Range

$47.76 PAB 47.76

$76.2 $76.2

-37.36%

Fast Food Meal (McDonalds, etc)

$8.12 PAB 8.12

$11.32 $11.32

-28.27%

Cappuccino

$4.23 PAB 4.23

$4.95 $4.95

-14.55%

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

$1.92 PAB 1.92

$2.66 $2.66

-27.82%

Water (0.33 liter bottle)

$1.58 PAB 1.58

$1.72 $1.72

-8.14%

Local Beer (0.5 liter draught)

$3.31 PAB 3.31

$6.36 $6.36

-47.96%

Imported Beer (0.33 liter bottle)

$3.98 PAB 3.98

$6.31 $6.31

-36.93%

Milk (1 liter)

$1.92 PAB 1.92

$1.01 $1.01

90.10%

White Bread (500g)

$2.63 PAB 2.63

$3.34 $3.34

-21.26%

Rice (white) (1kg)

$3.39 PAB 3.39

$5.23 $5.23

-35.18%

Eggs

$2.67 PAB 2.67

$3.76 $3.76

-28.99%

Local Cheese (1kg)

$12.21 PAB 12.21

$11.83 $11.83

3.21%

Chicken Fillets (1kg)

$6.91 PAB 6.91

$11.05 $11.05

-37.47%

Beef Round Steak (1kg)

$10.58 PAB 10.58

$13.38 $13.38

-20.93%

Apples (1kg)

$4.16 PAB 4.16

$4.49 $4.49

-7.35%

Banana (1kg)

$1.97 PAB 1.97

$1.97 $1.97

Oranges (1kg)

$4.06 PAB 4.06

$3.93 $3.93

3.31%

Tomato (1kg)

$4.18 PAB 4.18

$4.21 $4.21

-0.71%

Potato (1kg)

$3.47 PAB 3.47

$2.54 $2.54

36.61%

Onion (1kg)

$4.26 PAB 4.26

$1.84 $1.84

131.52%

Lettuce (1 head)

$2.44 PAB 2.44

$1.96 $1.96

24.49%

Water (1.5 liter bottle)

$1.69 PAB 1.69

$2.15 $2.15

-21.40%

Cigarettes 20 Pack (Marlboro, Camel)

$5.83 PAB 5.83

$10.37 $10.37

-43.78%

Wine (Bottle)

$11.43 PAB 11.43

$13.74 $13.74

-16.81%

Local Beer (0.5 liter bottle)

$1.38 PAB 1.38

$2.12 $2.12

-34.91%

Imported Beer (0.33 liter bottle)

$2.76 PAB 2.76

$3.32 $3.32

-16.87%

One-way Ticket (Public Transport)

$0.33 PAB 0.33

$0.98 $0.98

-66.33%

Public Transport Monthly Pass (Regular Price)

$20.63 PAB 20.63

$32.52 $32.52

-36.56%

Taxi Start (Normal Tariff)

$2.55 PAB 2.55

$2.72 $2.72

-6.25%

Taxi (Normal Tariff) (1km)

$1.78 PAB 1.78

$1.40 $1.40

27.14%

Taxi 1hour Waiting (Normal Tariff)

$22.17 PAB 22.17

$36.46 $36.46

-39.19%

Gasoline (1 liter)

$1.24 PAB 1.24

$0.98 $0.98

26.53%

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

$24.4K PAB 24.4K

$36.2K $36.2K

-32.66%

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

$21.3K PAB 21.3K

$26.7K $26.7K

-20.36%

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

$131 PAB 131

$183 $183

-28.36%

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

$27.83 PAB 27.83

$62.6 $62.6

-55.54%

Internet (50+ Mbps, Unlimited Data)

$49.32 PAB 49.32

$73.1 $73.1

-32.56%

Gym Membership (Monthly)

$45.69 PAB 45.69

$60.8 $60.8

-24.86%

Tennis Court (1 Hour on Weekend)

$34.10 PAB 34.10

Cinema Ticket

$8.47 PAB 8.47

$11.96 $11.96

-29.18%

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

$553 PAB 553

$708 $708

-21.82%

International Primary School, 1 Child (Yearly)

$9,719 PAB 9,719

$15.6K $15.6K

-37.85%

Jeans (Levis 501 Or Similar)

$66.4 PAB 66.4

$50.4 $50.4

31.83%

Summer Dress (H&M, Zara, etc)

$47.39 PAB 47.39

$44.03 $44.03

7.63%

Sport Shoes (Adidas, Nike)

$95.7 PAB 95.7

$89.0 $89.0

7.47%

Men's Leather Business Shoes

$113 PAB 113

$116 $116

-2.56%

1-bedroom Apartment, City Center (Monthly)

$1,322 PAB 1,322

$1,726 $1,726

-23.39%

1-bedroom Apartment, Outside City Center (Monthly)

$874 PAB 874

$1,512 $1,512

-42.18%

3-bedroom Apartment, City Center (Monthly)

$2,153 PAB 2,153

$2,827 $2,827

-23.84%

3-bedroom Apartment, Outside City Center (Monthly)

$1,580 PAB 1,580

$2,282 $2,282

-30.74%

Buy Apartment in City Center (m2)

$3,097 PAB 3,097

$5,296 $5,296

-41.51%

Buy Apartment Outside City Center (m2)

$1,698 PAB 1,698

$4,683 $4,683

-63.74%

Average Monthly Net Salary (After Tax)

$914 PAB 914

$5,336 $5,336

-82.87%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.39

6.44

-0.78%

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

Last update for Panama City: October 20, 2026

Last update for Gilbert, AZ: October 20, 2026

Monthly budget structure

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

Accommodation & Living

Panama City

$874 47.1%

Gilbert, AZ

$1.5K 54.4% 72.9% $638

Groceries & Markets

Panama City

$327 17.6%

Gilbert, AZ

$371 13.3% 13.6% $44

Monthly Utilities & Internet

Panama City

$208 11.2%

Gilbert, AZ

$319 11.5% 53% $111

Eating Out

Panama City

$207 11.2%

Gilbert, AZ

$313 11.3% 51.2% $106

Clothing & Footwear

Panama City

$145 7.8%

Gilbert, AZ

$135 4.8% 7.2% $10

Sport & Entertainment

Panama City

$63 3.4%

Gilbert, AZ

$85 3.1% 35.3% $22

Getting Around

Panama City

$33 1.8%

Gilbert, AZ

$46 1.7% 38.1% $13

Cost Breakdown

A one-bedroom apartment in the center runs $1,322 in Panama City and $1,726 in Gilbert, AZ. Housing cost is often the main lever when comparing two cities.

Gilbert, AZ pays 484% more on average. The extra income cushions the higher costs, though housing choices and lifestyle decide how much of the gap is truly closed.

Dining out: $48.00 in Panama City vs $76.0 in Gilbert, AZ for a mid-range dinner for two. Groceries echo the gap at $327 vs $371 per month, with Panama City cheaper across the board.

Good to know

🇵🇦 Panama City

🇺🇸 Gilbert, AZ

🕒 Local time

09:19 9:19 AM

07:19 7:19 AM

2 h behind Panama City

🌤 Weather

👥 Population

1,086,990 Capital

208,453

💱 Currency

Panamanian Balboa PAB B/.

United States Dollar USD $

📈 Exchange rate

1 PAB = 1 USD

1 PAB = 0.89 EUR

1 USD = 0.89 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 20, 2026: 1 USD = 1 PAB (1 PAB = 1 USD). 1 EUR = 1.12 PAB (1 PAB = 0.89 EUR).

United States Dollar exchange rates as of October 20, 2026: 1 EUR = 1.12 USD (1 USD = 0.89 EUR).

USD to PAB in detail →

On the map

Lowest

Highest

Between locations

Panama City Gilbert, AZ 4,270 km ≈ 6 h nonstop flight

From you

Panama City
Gilbert, 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 Gilbert, AZ: Cost of Living - Frequently Asked Questions

Panama City wins on cost – living expenses run 50% lower than in Gilbert, AZ. Housing and daily spending are where you'll feel the difference most, making Panama City the obvious pick if budget is a priority.

On paper, salaries run 484% lower in Gilbert, AZ. That's worth factoring in alongside costs, though remote workers earning in a stronger currency may not notice the difference at all.

Rent for a central apartment: $1,322 in Panama City versus $1,726 in Gilbert, AZ. Housing is usually the single largest factor when comparing overall living costs between the two.

Dining out is cheaper in Panama City – a meal for two runs $48.00 versus $76.0 in Gilbert, AZ. 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 $2,781 in Gilbert, AZ – a 50% gap that adds up to real savings over time for anyone picking the cheaper option.

At $1,857 in Panama City versus $2,781 in Gilbert, AZ, a $2,500 budget is realistic in Panama City but tight or insufficient in Gilbert, AZ. The gap between the two cities makes Panama City the clear choice for anyone on this budget.

Both work as nomad bases, but Panama City delivers better value – similar infrastructure at $1,857 monthly. If stretching your runway or maximizing savings is the goal, the price difference makes Panama City hard to pass up.

Expats usually find Panama City gentler on the wallet – expenses run 50% less than in Gilbert, AZ. Beyond cost, consider language, visa policies, and how big the international community is in each city.