Last update: Oct 2026

Cost of Living Comparison Between Panama City and Los Gatos, CA

For one person, living is cheaper in Panama City: $1,855 a month against $4,903 in Los Gatos, CA, rent and utilities included – about $36,600 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
236

Cost of Living Index in Los Gatos, CA
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Los Gatos, CA Living Index

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Panama City

🇵🇦 Panama

$1,855

/mo nomad

Los Gatos, CA

🇺🇸 United States

$4,903

/mo nomad

Monthly Cost of Living

How much you'll spend in Panama City and in Los Gatos, CA

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 Los Gatos, CA actually costs, broken down by who's living it.

A single person spends $1,855 per month in Panama City vs $4,903 in Los Gatos, CA, rent included.

Panama City $1,855
Los Gatos, CA $4,903

A couple spends around $2,804 per month in Panama City vs $7,295 in Los Gatos, CA, rent included.

Panama City $2,804
Los Gatos, CA $7,295

A family of three spends $3,753 per month in Panama City vs $9,686 in Los Gatos, CA, rent included.

Panama City $3,753
Los Gatos, CA $9,686

Panama City is about 62% cheaper than Los Gatos, CA, and outside of rent the biggest gap is in eating out.

Both Panama City and Los Gatos, CA sit above the global median – Panama City by 37%, Los Gatos, CA by 263%.

Meal at Budget Restaurant

$11.63 PAB 11.63

$25.15 $25.15

-53.76%

Three-Course Dinner for Two, Mid-Range

$47.92 PAB 47.92

$98.6 $98.6

-51.38%

Fast Food Meal (McDonalds, etc)

$7.96 PAB 7.96

$14.88 $14.88

-46.51%

Cappuccino

$4.22 PAB 4.22

$6.50 $6.50

-35.08%

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

$2.01 PAB 2.01

$3.04 $3.04

-33.88%

Water (0.33 liter bottle)

$1.56 PAB 1.56

$2.45 $2.45

-36.33%

Local Beer (0.5 liter draught)

$3.39 PAB 3.39

$8.07 $8.07

-57.99%

Imported Beer (0.33 liter bottle)

$3.94 PAB 3.94

$8.20 $8.20

-51.95%

Milk (1 liter)

$1.85 PAB 1.85

$1.28 $1.28

44.53%

White Bread (500g)

$2.56 PAB 2.56

$4.41 $4.41

-41.95%

Rice (white) (1kg)

$3.48 PAB 3.48

$4.80 $4.80

-27.50%

Eggs

$2.69 PAB 2.69

$6.56 $6.56

-58.99%

Local Cheese (1kg)

$12.57 PAB 12.57

$24.81 $24.81

-49.33%

Chicken Fillets (1kg)

$6.83 PAB 6.83

$11.69 $11.69

-41.57%

Beef Round Steak (1kg)

$10.58 PAB 10.58

$13.00 $13.00

-18.62%

Apples (1kg)

$4.18 PAB 4.18

$5.58 $5.58

-25.09%

Banana (1kg)

$1.83 PAB 1.83

$3.10 $3.10

-40.97%

Oranges (1kg)

$4.20 PAB 4.20

$4.86 $4.86

-13.58%

Tomato (1kg)

$4.03 PAB 4.03

$5.70 $5.70

-29.30%

Potato (1kg)

$3.48 PAB 3.48

$3.39 $3.39

2.65%

Onion (1kg)

$4.22 PAB 4.22

$3.88 $3.88

8.76%

Lettuce (1 head)

$2.41 PAB 2.41

$3.06 $3.06

-21.24%

Water (1.5 liter bottle)

$1.69 PAB 1.69

$2.72 $2.72

-37.87%

Cigarettes 20 Pack (Marlboro, Camel)

$6.14 PAB 6.14

$7.36 $7.36

-16.58%

Wine (Bottle)

$11.30 PAB 11.30

$12.81 $12.81

-11.79%

Local Beer (0.5 liter bottle)

$1.42 PAB 1.42

$2.15 $2.15

-33.95%

Imported Beer (0.33 liter bottle)

$2.73 PAB 2.73

$2.55 $2.55

7.06%

One-way Ticket (Public Transport)

$0.33 PAB 0.33

Public Transport Monthly Pass (Regular Price)

$21.23 PAB 21.23

Taxi Start (Normal Tariff)

$2.52 PAB 2.52

$3.97 $3.97

-36.52%

Taxi (Normal Tariff) (1km)

$1.86 PAB 1.86

$4.98 $4.98

-62.65%

Taxi 1hour Waiting (Normal Tariff)

$21.78 PAB 21.78

Gasoline (1 liter)

$1.25 PAB 1.25

$1.57 $1.57

-20.38%

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

$21.2K PAB 21.2K

$30.2K $30.2K

-29.68%

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

$21.0K PAB 21.0K

$26.4K $26.4K

-20.39%

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

$130 PAB 130

$374 $374

-65.33%

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

$28.13 PAB 28.13

$58.0 $58.0

-51.48%

Internet (50+ Mbps, Unlimited Data)

$48.21 PAB 48.21

$61.8 $61.8

-21.94%

Gym Membership (Monthly)

$45.78 PAB 45.78

$147 $147

-68.82%

Tennis Court (1 Hour on Weekend)

$34.92 PAB 34.92

Cinema Ticket

$8.67 PAB 8.67

$17.05 $17.05

-49.15%

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

$544 PAB 544

$2,282 $2,282

-76.15%

International Primary School, 1 Child (Yearly)

$9,697 PAB 9,697

$24.0K $24.0K

-59.66%

Jeans (Levis 501 Or Similar)

$66.8 PAB 66.8

$52.0 $52.0

28.37%

Summer Dress (H&M, Zara, etc)

$49.14 PAB 49.14

$39.24 $39.24

25.23%

Sport Shoes (Adidas, Nike)

$93.9 PAB 93.9

$75.1 $75.1

24.95%

Men's Leather Business Shoes

$112 PAB 112

$60.3 $60.3

85.15%

1-bedroom Apartment, City Center (Monthly)

$1,257 PAB 1,257

$3,440 $3,440

-63.46%

1-bedroom Apartment, Outside City Center (Monthly)

$875 PAB 875

$3,222 $3,222

-72.84%

3-bedroom Apartment, City Center (Monthly)

$2,155 PAB 2,155

3-bedroom Apartment, Outside City Center (Monthly)

$1,564 PAB 1,564

$6,089 $6,089

-74.32%

Buy Apartment in City Center (m2)

$3,122 PAB 3,122

$3,511 $3,511

-11.06%

Buy Apartment Outside City Center (m2)

$1,709 PAB 1,709

Average Monthly Net Salary (After Tax)

$916 PAB 916

20-Year Fixed Mortgage Interest Rate (Annual %)

6.39

6.69

-4.48%

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

Last update for Panama City: October 10, 2026

Last update for Los Gatos, CA: October 11, 2026

Monthly budget structure

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

Accommodation & Living

Panama City

$875 47.2%

Los Gatos, CA

$3.2K 65.7% 268% $2.3K

Groceries & Markets

Panama City

$325 17.5%

Los Gatos, CA

$473 9.6% 45.4% $148

Eating Out

Panama City

$207 11.1%

Los Gatos, CA

$403 8.2% 94.8% $196

Monthly Utilities & Internet

Panama City

$206 11.1%

Los Gatos, CA

$494 10.1% 140% $288

Clothing & Footwear

Panama City

$145 7.8%

Los Gatos, CA

$102 2.1% 29.5% $43

Sport & Entertainment

Panama City

$63 3.4%

Los Gatos, CA

$181 3.7% 187% $118

Getting Around

Panama City

$34 1.9%

Los Gatos, CA

$29 * 0.6% 16% $5.5

Categories marked with * are only partly priced – their share counts the items that do have prices.

Cost Breakdown

A central one-bedroom costs $1,257 in Panama City versus $3,440 in Los Gatos, CA. 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 $99.0 in Los Gatos, CA. Monthly groceries follow the same trend: $325 vs $473 – making Panama City the more affordable choice for daily food spending.

Good to know

🇵🇦 Panama City

🇺🇸 Los Gatos, CA

🕒 Local time

19:27 7:27 PM

17:27 5:27 PM

2 h behind Panama City

🌤 Weather

👥 Population

1,086,990 Capital

30,222

💱 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 18, 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 18, 2026: 1 EUR = 1.12 USD (1 USD = 0.89 EUR).

USD to PAB in detail →

On the map

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Between locations

Panama City Los Gatos, CA 5,290 km ≈ 7 h nonstop flight

From you

Panama City
Los Gatos, CA

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 Los Gatos, CA: Cost of Living - Frequently Asked Questions

Los Gatos, CA costs about 164% more than Panama City, and outside of rent the gap comes mainly from eating out. That's enough to noticeably affect everyday spending and lifestyle for anyone choosing between the two.

For a comfortable life, plan on about $2,783 per month in Panama City and $7,355 in Los Gatos, CA. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

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

A mid-range dinner for two costs $48.00 in Panama City and $99.0 in Los Gatos, CA. That's a good indicator of the overall restaurant and café pricing gap between the two cities.

Groceries cost about 45% more in Los Gatos, CA, though it depends on what you buy. Local produce may be comparable; imported and premium items show the biggest price gap.

A $2,500 monthly budget goes further in Panama City, where all-in costs run around $1,855, than in Los Gatos, CA at $4,903. In Panama City it covers expenses comfortably, while in Los Gatos, CA it requires careful planning or may not stretch far enough.

For digital nomads, it depends on budget. Panama City costs $1,855 versus $4,903 in Los Gatos, CA. Both have workable remote work infrastructure, but the cost gap matters when income varies month to month.

Both have safer and rougher neighborhoods, but overall safety is comparable to other large cities. Neighborhood choice matters more than the city-level comparison – central, well-trafficked areas feel secure in both.

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