Last update: Oct 2026

Cost of Living Comparison Between Panama City and Itapevi

For one person, living is cheaper in Itapevi: $914 a month against $1,857 in Panama City, rent and utilities included – about $11,300 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 Itapevi
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Itapevi Living Index

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Panama City

🇵🇦 Panama

$1,857

/mo nomad

Itapevi

🇧🇷 Brazil

$914

/mo nomad

Monthly Cost of Living

How much you'll spend in Panama City and in Itapevi

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

A single person spends $1,857 per month in Panama City vs $914 in Itapevi, rent included.

Panama City $1,857
Itapevi $914

A couple spends around $2,815 per month in Panama City vs $1,497 in Itapevi, rent included.

Panama City $2,815
Itapevi $1,497

A family of three spends $3,773 per month in Panama City vs $2,080 in Itapevi, rent included.

Panama City $3,773
Itapevi $2,080

Panama City costs about 103% more than Itapevi, and outside of rent the biggest gap is in groceries.

Panama City sits 37% above the global median, while Itapevi is 33% below – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$11.68 PAB 11.68

$6.89 R$34.92

69.52%

Three-Course Dinner for Two, Mid-Range

$47.76 PAB 47.76

$40.55 R$206

17.78%

Fast Food Meal (McDonalds, etc)

$8.12 PAB 8.12

$9.13 R$46.30

-11.06%

Cappuccino

$4.23 PAB 4.23

$2.30 R$11.64

83.91%

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

$1.92 PAB 1.92

$1.67 R$8.48

14.97%

Water (0.33 liter bottle)

$1.58 PAB 1.58

$1.16 R$5.88

36.21%

Local Beer (0.5 liter draught)

$3.31 PAB 3.31

$2.75 R$13.94

20.36%

Imported Beer (0.33 liter bottle)

$3.98 PAB 3.98

$4.38 R$22.21

-9.13%

Milk (1 liter)

$1.92 PAB 1.92

$1.25 R$6.35

53.60%

White Bread (500g)

$2.63 PAB 2.63

$2.01 R$10.18

30.85%

Rice (white) (1kg)

$3.39 PAB 3.39

$1.20 R$6.07

182.50%

Eggs

$2.67 PAB 2.67

$2.81 R$14.26

-4.98%

Local Cheese (1kg)

$12.21 PAB 12.21

$8.75 R$44.35

39.54%

Chicken Fillets (1kg)

$6.91 PAB 6.91

$4.58 R$23.21

50.87%

Beef Round Steak (1kg)

$10.58 PAB 10.58

$10.75 R$54.5

-1.58%

Apples (1kg)

$4.16 PAB 4.16

$2.88 R$14.61

44.44%

Banana (1kg)

$1.97 PAB 1.97

$1.88 R$9.53

4.79%

Oranges (1kg)

$4.06 PAB 4.06

$1.83 R$9.29

121.86%

Tomato (1kg)

$4.18 PAB 4.18

$1.91 R$9.67

118.85%

Potato (1kg)

$3.47 PAB 3.47

$1.44 R$7.31

140.97%

Onion (1kg)

$4.26 PAB 4.26

$1.43 R$7.27

197.90%

Lettuce (1 head)

$2.44 PAB 2.44

$0.92 R$4.69

165.22%

Water (1.5 liter bottle)

$1.69 PAB 1.69

$0.79 R$4.02

113.92%

Cigarettes 20 Pack (Marlboro, Camel)

$5.83 PAB 5.83

$2.78 R$14.09

109.71%

Wine (Bottle)

$11.43 PAB 11.43

$9.07 R$46.00

26.02%

Local Beer (0.5 liter bottle)

$1.38 PAB 1.38

$1.73 R$8.76

-20.23%

Imported Beer (0.33 liter bottle)

$2.76 PAB 2.76

$2.11 R$10.71

30.81%

One-way Ticket (Public Transport)

$0.33 PAB 0.33

$1.05 R$5.30

-68.57%

Public Transport Monthly Pass (Regular Price)

$20.63 PAB 20.63

$44.08 R$223

-53.20%

Taxi Start (Normal Tariff)

$2.55 PAB 2.55

$1.33 R$6.76

91.73%

Taxi (Normal Tariff) (1km)

$1.78 PAB 1.78

$1.42 R$7.18

25.35%

Taxi 1hour Waiting (Normal Tariff)

$22.17 PAB 22.17

$9.48 R$48.05

133.86%

Gasoline (1 liter)

$1.24 PAB 1.24

$1.26 R$6.40

-1.59%

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

$24.4K PAB 24.4K

$24.1K R$122.0K

1.41%

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

$21.3K PAB 21.3K

$33.4K R$169.6K

-36.34%

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

$131 PAB 131

$43.36 R$220

202.79%

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

$27.83 PAB 27.83

$14.49 R$73.4

92.06%

Internet (50+ Mbps, Unlimited Data)

$49.32 PAB 49.32

$18.50 R$93.8

166.59%

Gym Membership (Monthly)

$45.69 PAB 45.69

$25.75 R$131

77.44%

Tennis Court (1 Hour on Weekend)

$34.10 PAB 34.10

$27.38 R$139

24.54%

Cinema Ticket

$8.47 PAB 8.47

$7.93 R$40.21

6.81%

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

$553 PAB 553

$433 R$2,197

27.74%

International Primary School, 1 Child (Yearly)

$9,719 PAB 9,719

$7,739 R$39.2K

25.58%

Jeans (Levis 501 Or Similar)

$66.4 PAB 66.4

$56.7 R$287

17.18%

Summer Dress (H&M, Zara, etc)

$47.39 PAB 47.39

$58.8 R$298

-19.40%

Sport Shoes (Adidas, Nike)

$95.7 PAB 95.7

$94.7 R$480

1.05%

Men's Leather Business Shoes

$113 PAB 113

$86.6 R$439

30.11%

1-bedroom Apartment, City Center (Monthly)

$1,322 PAB 1,322

$363 R$1,838

264.79%

1-bedroom Apartment, Outside City Center (Monthly)

$874 PAB 874

$238 R$1,209

266.71%

3-bedroom Apartment, City Center (Monthly)

$2,153 PAB 2,153

$683 R$3,463

215.13%

3-bedroom Apartment, Outside City Center (Monthly)

$1,580 PAB 1,580

$463 R$2,349

241.09%

Buy Apartment in City Center (m2)

$3,097 PAB 3,097

$1,723 R$8,735

79.75%

Buy Apartment Outside City Center (m2)

$1,698 PAB 1,698

$1,197 R$6,067

41.88%

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 Itapevi: October 18, 2026

Monthly budget structure

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

Accommodation & Living

Panama City

$874 47.1%

Itapevi

$238 26.1% 72.7% $636

Groceries & Markets

Panama City

$327 17.6%

Itapevi

$224 24.5% 31.4% $103

Monthly Utilities & Internet

Panama City

$208 11.2%

Itapevi

$76 8.4% 63.4% $132

Eating Out

Panama City

$207 11.2%

Itapevi

$144 15.7% 30.5% $63

Clothing & Footwear

Panama City

$145 7.8%

Itapevi

$134 14.6% 7.9% $11

Sport & Entertainment

Panama City

$63 3.4%

Itapevi

$42 4.6% 33.6% $21

Getting Around

Panama City

$33 1.8%

Itapevi

$57 6.2% 69.5% $23

Cost Breakdown

A central one-bedroom costs $1,322 in Panama City versus $363 in Itapevi. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

A mid-range dinner for two costs $48.00 in Panama City versus $41.00 in Itapevi. Monthly groceries follow the same trend: $327 vs $224 – making Itapevi the more affordable choice for daily food spending.

Good to know

🇵🇦 Panama City

🇧🇷 Itapevi

🕒 Local time

08:11 8:11 AM

10:11 10:11 AM

2 h ahead of Panama City

🌤 Weather

👥 Population

1,086,990 Capital

232,297

💱 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

Lowest

Highest

Between locations

Panama City Itapevi 5,060 km ≈ 7 h nonstop flight

From you

Panama City
Itapevi

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 Itapevi: Cost of Living - Frequently Asked Questions

Panama City costs about 103% more than Itapevi, and outside of rent the gap comes mainly from groceries. That's enough to noticeably affect everyday spending and lifestyle for anyone choosing between the two.

For a comfortable life, plan on about $2,786 per month in Panama City and $1,372 in Itapevi. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

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

Public transport costs about 114% less in Itapevi. For daily commuters, that gap adds up to noticeable savings over a year.

Kindergarten costs $553 per month in Panama City and $433 in Itapevi. For families with young kids, this one expense can tip the scales when choosing between the two cities.

A $1,000 monthly budget goes further in Itapevi, where all-in costs run around $914, than in Panama City at $1,857. In Itapevi it covers expenses comfortably, while in Panama City it requires careful planning or may not stretch far enough.

For digital nomads, it depends on budget. Itapevi costs $914 versus $1,857 in Panama City. Both have workable remote work infrastructure, but the cost gap matters when income varies month to month.

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