Last update: Oct 2026

Cost of Living Comparison Between Panama City and Governador Valadares

For one person, living is cheaper in Governador Valadares: $762 a month against $1,857 in Panama City, rent and utilities included – about $13,100 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
37

Cost of Living Index in Governador Valadares
Learn more

Governador Valadares Living Index

Jump to prices

Panama City

🇵🇦 Panama

$1,857

/mo nomad

Governador Valadares

🇧🇷 Brazil

$762

/mo nomad

Monthly Cost of Living

How much you'll spend in Panama City and in Governador Valadares

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 Governador Valadares actually costs, broken down by who's living it.

Monthly costs for one person with rent: $1,857 in Panama City versus $762 in Governador Valadares.

Panama City $1,857
Governador Valadares $762

Estimated couple costs with rent: $2,815 in Panama City versus $1,274 in Governador Valadares.

Panama City $2,815
Governador Valadares $1,274

Monthly costs for a family of three with rent: $3,773 in Panama City versus $1,786 in Governador Valadares.

Panama City $3,773
Governador Valadares $1,786

Living in Panama City is roughly 144% more expensive than in Governador Valadares, and outside of rent the biggest gap is in groceries.

The two cities straddle the global median: Panama City is 37% above, Governador Valadares is 44% below.

Meal at Budget Restaurant

$11.68 PAB 11.68

$5.11 R$25.91

128.57%

Three-Course Dinner for Two, Mid-Range

$47.76 PAB 47.76

$26.15 R$133

82.64%

Fast Food Meal (McDonalds, etc)

$8.12 PAB 8.12

$9.35 R$47.37

-13.16%

Cappuccino

$4.23 PAB 4.23

$2.00 R$10.13

111.50%

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

$1.92 PAB 1.92

$1.04 R$5.26

84.62%

Water (0.33 liter bottle)

$1.58 PAB 1.58

$0.39 R$1.97

305.13%

Local Beer (0.5 liter draught)

$3.31 PAB 3.31

$1.62 R$8.21

104.32%

Imported Beer (0.33 liter bottle)

$3.98 PAB 3.98

$2.26 R$11.45

76.11%

Milk (1 liter)

$1.92 PAB 1.92

$0.85 R$4.32

125.88%

White Bread (500g)

$2.63 PAB 2.63

$1.45 R$7.36

81.38%

Rice (white) (1kg)

$3.39 PAB 3.39

$1.26 R$6.41

169.05%

Eggs

$2.67 PAB 2.67

$2.12 R$10.74

25.94%

Local Cheese (1kg)

$12.21 PAB 12.21

$7.14 R$36.17

71.01%

Chicken Fillets (1kg)

$6.91 PAB 6.91

$3.84 R$19.46

79.95%

Beef Round Steak (1kg)

$10.58 PAB 10.58

$6.05 R$30.69

74.88%

Apples (1kg)

$4.16 PAB 4.16

$2.64 R$13.40

57.58%

Banana (1kg)

$1.97 PAB 1.97

$1.28 R$6.49

53.91%

Oranges (1kg)

$4.06 PAB 4.06

$1.33 R$6.74

205.26%

Tomato (1kg)

$4.18 PAB 4.18

$2.10 R$10.64

99.05%

Potato (1kg)

$3.47 PAB 3.47

$1.33 R$6.75

160.90%

Onion (1kg)

$4.26 PAB 4.26

$1.06 R$5.36

301.89%

Lettuce (1 head)

$2.44 PAB 2.44

$0.72 R$3.65

238.89%

Water (1.5 liter bottle)

$1.69 PAB 1.69

$0.83 R$4.20

103.61%

Cigarettes 20 Pack (Marlboro, Camel)

$5.83 PAB 5.83

$2.55 R$12.91

128.63%

Wine (Bottle)

$11.43 PAB 11.43

$6.21 R$31.50

84.06%

Local Beer (0.5 liter bottle)

$1.38 PAB 1.38

$1.24 R$6.29

11.29%

Imported Beer (0.33 liter bottle)

$2.76 PAB 2.76

$2.66 R$13.51

3.76%

One-way Ticket (Public Transport)

$0.33 PAB 0.33

$0.90 R$4.55

-63.33%

Public Transport Monthly Pass (Regular Price)

$20.63 PAB 20.63

$44.23 R$224

-53.36%

Taxi Start (Normal Tariff)

$2.55 PAB 2.55

$1.10 R$5.59

131.82%

Taxi (Normal Tariff) (1km)

$1.78 PAB 1.78

$0.95 R$4.83

87.37%

Taxi 1hour Waiting (Normal Tariff)

$22.17 PAB 22.17

$8.12 R$41.18

173.03%

Gasoline (1 liter)

$1.24 PAB 1.24

$1.12 R$5.69

10.71%

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

$24.4K PAB 24.4K

$23.8K R$120.5K

2.69%

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

$21.3K PAB 21.3K

$25.2K R$127.7K

-15.44%

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

$131 PAB 131

$76.7 R$389

71.13%

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

$27.83 PAB 27.83

$12.29 R$62.3

126.44%

Internet (50+ Mbps, Unlimited Data)

$49.32 PAB 49.32

$21.29 R$108

131.66%

Gym Membership (Monthly)

$45.69 PAB 45.69

$24.27 R$123

88.26%

Tennis Court (1 Hour on Weekend)

$34.10 PAB 34.10

$27.98 R$142

21.87%

Cinema Ticket

$8.47 PAB 8.47

$8.40 R$42.58

0.83%

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

$553 PAB 553

$282 R$1,431

96.06%

International Primary School, 1 Child (Yearly)

$9,719 PAB 9,719

$7,642 R$38.7K

27.18%

Jeans (Levis 501 Or Similar)

$66.4 PAB 66.4

$21.74 R$110

205.61%

Summer Dress (H&M, Zara, etc)

$47.39 PAB 47.39

$50.3 R$255

-5.86%

Sport Shoes (Adidas, Nike)

$95.7 PAB 95.7

$87.8 R$445

8.98%

Men's Leather Business Shoes

$113 PAB 113

$68.8 R$349

63.82%

1-bedroom Apartment, City Center (Monthly)

$1,322 PAB 1,322

$240 R$1,218

450.50%

1-bedroom Apartment, Outside City Center (Monthly)

$874 PAB 874

$168 R$851

420.54%

3-bedroom Apartment, City Center (Monthly)

$2,153 PAB 2,153

$657 R$3,333

227.45%

3-bedroom Apartment, Outside City Center (Monthly)

$1,580 PAB 1,580

$465 R$2,358

239.70%

Buy Apartment in City Center (m2)

$3,097 PAB 3,097

$1,352 R$6,856

129.04%

Buy Apartment Outside City Center (m2)

$1,698 PAB 1,698

$1,419 R$7,195

19.63%

Average Monthly Net Salary (After Tax)

$914 PAB 914

$327 R$1,658

179.35%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.39

-41.91%

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

Last update for Panama City: October 20, 2026

Last update for Governador Valadares: October 18, 2026

Monthly budget structure

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

Accommodation & Living

Panama City

$874 47.1%

Governador Valadares

$168 22% 80.8% $706

Groceries & Markets

Panama City

$327 17.6%

Governador Valadares

$175 23% 46.4% $152

Monthly Utilities & Internet

Panama City

$208 11.2%

Governador Valadares

$110 14.5% 47.1% $98

Eating Out

Panama City

$207 11.2%

Governador Valadares

$111 14.6% 46.3% $96

Clothing & Footwear

Panama City

$145 7.8%

Governador Valadares

$103 13.5% 29% $42

Sport & Entertainment

Panama City

$63 3.4%

Governador Valadares

$41 5.4% 34.4% $22

Getting Around

Panama City

$33 1.8%

Governador Valadares

$54 7.1% 60.6% $20

Cost Breakdown

A one-bedroom apartment in the center runs $1,322 in Panama City and $240 in Governador Valadares. Housing cost is often the main lever when comparing two cities.

Panama City pays 179% 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 $26.00 in Governador Valadares for a mid-range dinner for two. Groceries echo the gap at $327 vs $175 per month, with Governador Valadares cheaper across the board.

Good to know

🇵🇦 Panama City

🇧🇷 Governador Valadares

🕒 Local time

12:15 12:15 PM

14:15 2:15 PM

2 h ahead of Panama City

🌤 Weather

👥 Population

1,086,990 Capital

257,171

💱 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 20, 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 20, 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 Governador Valadares 5,150 km ≈ 7 h nonstop flight

From you

Panama City
Governador Valadares

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 Governador Valadares: Cost of Living - Frequently Asked Questions

Governador Valadares is cheaper overall, especially in groceries, eating out, and clothing. The 144% gap adds up to real monthly savings that compound significantly over time.

Average pay runs 179% higher in Panama City, which matters when comparing affordability. Whether that higher income actually nets you more depends on your spending habits and housing choices.

Rent for a central apartment: $1,322 in Panama City versus $240 in Governador Valadares. Housing is usually the single largest factor when comparing overall living costs between the two.

Supermarket bills run roughly 87% higher in Panama City. For households that cook at home regularly, that difference adds up over a month.

Dining out is cheaper in Governador Valadares – a meal for two runs $26.00 versus $48.00 in Panama City. If you eat out regularly, this makes a real dent in your monthly spending.

At $762 in Governador Valadares versus $1,857 in Panama City, a $1,500 budget is realistic in Governador Valadares but tight or insufficient in Panama City. The gap between the two cities makes Governador Valadares the clear choice for anyone on this budget.

For families, Governador Valadares 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 Governador Valadares gentler on the wallet – expenses run 144% less than in Panama City. Beyond cost, consider language, visa policies, and how big the international community is in each city.