Last update: Oct 2026

Cost of Living Comparison Between Panama City and Medford, OR

For one person, living is cheaper in Panama City: $1,932 a month against $2,476 in Medford, OR, rent and utilities included – about $6,500 less a year. Rent and utilities account for about half of the difference.

94

Cost of Living Index in Panama City
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Panama City Living Index
119

Cost of Living Index in Medford, OR
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Medford, OR Living Index

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Panama City

🇵🇦 Panama

$1,932

/mo nomad

Medford, OR

🇺🇸 United States

$2,476

/mo nomad

Monthly Cost of Living

How much you'll spend in Panama City and in Medford, OR

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

Monthly costs for one person with rent: $1,932 in Panama City versus $2,476 in Medford, OR.

Panama City $1,932
Medford, OR $2,476

Estimated couple costs with rent: $2,887 in Panama City versus $3,565 in Medford, OR.

Panama City $2,887
Medford, OR $3,565

Monthly costs for a family of three with rent: $3,841 in Panama City versus $4,653 in Medford, OR.

Panama City $3,841
Medford, OR $4,653

Living in Panama City costs roughly 22% less than in Medford, OR, and outside of rent the biggest gap is in groceries.

Both cities are pricier than the global median: Panama City 42% above, Medford, OR 82% above.

Meal at Budget Restaurant

$11.72 PAB 11.72

$19.96 $19.96

-41.28%

Three-Course Dinner for Two, Mid-Range

$46.74 PAB 46.74

$62.8 $62.8

-25.59%

Fast Food Meal (McDonalds, etc)

$7.98 PAB 7.98

$10.41 $10.41

-23.34%

Cappuccino

$4.18 PAB 4.18

$4.73 $4.73

-11.63%

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

$1.95 PAB 1.95

$2.44 $2.44

-20.08%

Water (0.33 liter bottle)

$1.64 PAB 1.64

$1.50 $1.50

9.33%

Local Beer (0.5 liter draught)

$3.26 PAB 3.26

$5.92 $5.92

-44.93%

Imported Beer (0.33 liter bottle)

$3.90 PAB 3.90

$6.29 $6.29

-38.00%

Milk (1 liter)

$1.91 PAB 1.91

$1.17 $1.17

63.25%

White Bread (500g)

$2.54 PAB 2.54

$3.18 $3.18

-20.13%

Rice (white) (1kg)

$3.37 PAB 3.37

$8.27 $8.27

-59.25%

Eggs

$2.82 PAB 2.82

$4.19 $4.19

-32.70%

Local Cheese (1kg)

$12.60 PAB 12.60

$21.31 $21.31

-40.87%

Chicken Fillets (1kg)

$6.71 PAB 6.71

$10.17 $10.17

-34.02%

Beef Round Steak (1kg)

$10.53 PAB 10.53

$15.30 $15.30

-31.18%

Apples (1kg)

$4.04 PAB 4.04

$4.13 $4.13

-2.18%

Banana (1kg)

$1.94 PAB 1.94

$1.58 $1.58

22.78%

Oranges (1kg)

$4.25 PAB 4.25

$5.30 $5.30

-19.81%

Tomato (1kg)

$4.18 PAB 4.18

$5.11 $5.11

-18.20%

Potato (1kg)

$3.32 PAB 3.32

$2.85 $2.85

16.49%

Onion (1kg)

$4.34 PAB 4.34

$2.90 $2.90

49.66%

Lettuce (1 head)

$2.40 PAB 2.40

$2.65 $2.65

-9.43%

Water (1.5 liter bottle)

$1.71 PAB 1.71

$3.18 $3.18

-46.23%

Cigarettes 20 Pack (Marlboro, Camel)

$6.05 PAB 6.05

$11.08 $11.08

-45.40%

Wine (Bottle)

$11.38 PAB 11.38

$13.38 $13.38

-14.95%

Local Beer (0.5 liter bottle)

$1.36 PAB 1.36

$1.75 $1.75

-22.29%

Imported Beer (0.33 liter bottle)

$2.80 PAB 2.80

$3.40 $3.40

-17.65%

One-way Ticket (Public Transport)

$0.34 PAB 0.34

$1.98 $1.98

-82.83%

Public Transport Monthly Pass (Regular Price)

$21.28 PAB 21.28

$47.17 $47.17

-54.89%

Taxi Start (Normal Tariff)

$2.43 PAB 2.43

$2.86 $2.86

-15.03%

Taxi (Normal Tariff) (1km)

$1.85 PAB 1.85

$2.43 $2.43

-23.87%

Taxi 1hour Waiting (Normal Tariff)

$21.77 PAB 21.77

$44.52 $44.52

-51.10%

Gasoline (1 liter)

$1.20 PAB 1.20

$1.22 $1.22

-1.64%

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

$24.8K PAB 24.8K

$28.4K $28.4K

-12.70%

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

$21.2K PAB 21.2K

$23.8K $23.8K

-10.77%

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

$132 PAB 132

$203 $203

-34.63%

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

$28.34 PAB 28.34

$70.2 $70.2

-59.61%

Internet (50+ Mbps, Unlimited Data)

$48.88 PAB 48.88

$77.6 $77.6

-37.03%

Gym Membership (Monthly)

$43.02 PAB 43.02

$17.33 $17.33

148.24%

Tennis Court (1 Hour on Weekend)

$34.94 PAB 34.94

Cinema Ticket

$8.43 PAB 8.43

$11.60 $11.60

-27.33%

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

$545 PAB 545

$1,022 $1,022

-46.65%

International Primary School, 1 Child (Yearly)

$9,648 PAB 9,648

$8,159 $8,159

18.26%

Jeans (Levis 501 Or Similar)

$65.8 PAB 65.8

$57.9 $57.9

13.62%

Summer Dress (H&M, Zara, etc)

$47.25 PAB 47.25

$38.84 $38.84

21.65%

Sport Shoes (Adidas, Nike)

$94.6 PAB 94.6

$107 $107

-11.98%

Men's Leather Business Shoes

$110 PAB 110

$113 $113

-2.58%

1-bedroom Apartment, City Center (Monthly)

$1,407 PAB 1,407

$1,258 $1,258

11.79%

1-bedroom Apartment, Outside City Center (Monthly)

$954 PAB 954

$1,131 $1,131

-15.70%

3-bedroom Apartment, City Center (Monthly)

$2,272 PAB 2,272

$1,944 $1,944

16.86%

3-bedroom Apartment, Outside City Center (Monthly)

$1,662 PAB 1,662

$1,768 $1,768

-6.04%

Buy Apartment in City Center (m2)

$3,057 PAB 3,057

$3,305 $3,305

-7.51%

Buy Apartment Outside City Center (m2)

$1,729 PAB 1,729

$2,784 $2,784

-37.88%

Average Monthly Net Salary (After Tax)

$916 PAB 916

$3,592 $3,592

-74.50%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.39

6.54

-2.29%

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

Last update for Panama City: October 27, 2026

Last update for Medford, OR: October 26, 2026

Monthly budget structure

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

Accommodation & Living

Panama City

$954 49.3%

Medford, OR

$1.1K 45.7% 18.6% $178

Groceries & Markets

Panama City

$326 16.9%

Medford, OR

$436 17.6% 33.9% $110

Monthly Utilities & Internet

Panama City

$210 10.9%

Medford, OR

$350 14.2% 67.1% $141

Eating Out

Panama City

$206 10.7%

Medford, OR

$306 12.3% 48.1% $99

Clothing & Footwear

Panama City

$143 7.4%

Medford, OR

$143 5.8% 0.2% $0.2

Sport & Entertainment

Panama City

$60 3.1%

Medford, OR

$41 1.6% 32.3% $19

Getting Around

Panama City

$34 1.8%

Medford, OR

$70 2.8% 104% $36

Cost Breakdown

A one-bedroom apartment in the center runs $1,407 in Panama City and $1,258 in Medford, OR. Housing cost is often the main lever when comparing two cities.

Medford, OR pays about 3.9 times more on average. How far that income stretches comes down to housing choices and lifestyle.

Dining out: $47 in Panama City vs $63 in Medford, OR for a mid-range dinner for two. Groceries echo the gap at $326 vs $436 per month, with Panama City cheaper across the board.

Good to know

🇵🇦 Panama City

🇺🇸 Medford, OR

🕒 Local time

19:12 7:12 PM

17:12 5:12 PM

2 h behind Panama City

🌤 Weather

👥 Population

1,086,990 Capital

56,173

💱 Currency

Panamanian Balboa PAB B/.

United States Dollar USD $

📈 Exchange rate

1 PAB = 1 USD

1 PAB = 0.898 EUR

1 USD = 0.898 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 29, 2026: 1 USD = 1 PAB (1 PAB = 1 USD). 1 EUR = 1.11 PAB (1 PAB = 0.898 EUR).

United States Dollar exchange rates as of October 29, 2026: 1 EUR = 1.11 USD (1 USD = 0.898 EUR).

USD to PAB in detail →

On the map

Lowest

Highest

Between locations

Panama City Medford, OR 5,620 km ≈ 8 h nonstop flight

From you

Panama City
Medford, OR

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 Medford, OR: Cost of Living - Frequently Asked Questions

Panama City wins on cost – living expenses run 22% lower than in Medford, OR. 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 75% lower in Panama City. 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: $1,407 in Panama City versus $1,258 in Medford, OR. Housing is usually the single largest factor when comparing overall living costs between the two.

Supermarket bills run roughly 34% higher in Medford, OR. 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 $63 in Medford, OR. 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.

It comes down to priorities – Panama City wins on affordability, Medford, OR on earning potential. Factor in climate, language, visa rules, and proximity to places that matter to you before deciding.