Last update: Oct 2026

Cost of Living Comparison Between Panama City and Ouro Preto, Minas Gerais

For one person, living is cheaper in Ouro Preto, Minas Gerais: $818 a month against $1,855 in Panama City, rent and utilities included – about $12,400 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
40

Cost of Living Index in Ouro Preto, Minas Gerais
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Ouro Preto, Minas Gerais Living Index

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Panama City

🇵🇦 Panama

$1,855

/mo nomad

Ouro Preto, Minas Gerais

🇧🇷 Brazil

$818

/mo nomad

Monthly Cost of Living

How much you'll spend in Panama City and in Ouro Preto, Minas Gerais

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 Ouro Preto, Minas Gerais actually costs, broken down by who's living it.

Monthly costs for one person with rent: $1,855 in Panama City versus $818 in Ouro Preto, Minas Gerais.

Panama City $1,855
Ouro Preto, Minas Gerais $818

Estimated couple costs with rent: $2,804 in Panama City versus $1,265 in Ouro Preto, Minas Gerais.

Panama City $2,804
Ouro Preto, Minas Gerais $1,265

Monthly costs for a family of three with rent: $3,753 in Panama City versus $1,712 in Ouro Preto, Minas Gerais.

Panama City $3,753
Ouro Preto, Minas Gerais $1,712

Living in Panama City is roughly 127% more expensive than in Ouro Preto, Minas Gerais, and outside of rent the biggest gap is in groceries.

The two cities straddle the global median: Panama City is 37% above, Ouro Preto, Minas Gerais is 39% below.

Meal at Budget Restaurant

$11.63 PAB 11.63

$4.41 R$22.13

163.72%

Three-Course Dinner for Two, Mid-Range

$47.92 PAB 47.92

$15.91 R$79.8

201.19%

Fast Food Meal (McDonalds, etc)

$7.96 PAB 7.96

$7.30 R$36.65

9.04%

Cappuccino

$4.22 PAB 4.22

$1.71 R$8.60

146.78%

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

$2.01 PAB 2.01

$1.43 R$7.18

40.56%

Water (0.33 liter bottle)

$1.56 PAB 1.56

$0.62 R$3.12

151.61%

Local Beer (0.5 liter draught)

$3.39 PAB 3.39

$1.22 R$6.11

177.87%

Imported Beer (0.33 liter bottle)

$3.94 PAB 3.94

$2.47 R$12.38

59.51%

Milk (1 liter)

$1.85 PAB 1.85

$0.94 R$4.69

96.81%

White Bread (500g)

$2.56 PAB 2.56

$1.57 R$7.89

63.06%

Rice (white) (1kg)

$3.48 PAB 3.48

$1.38 R$6.91

152.17%

Eggs

$2.69 PAB 2.69

$2.02 R$10.16

33.17%

Local Cheese (1kg)

$12.57 PAB 12.57

$9.22 R$46.26

36.33%

Chicken Fillets (1kg)

$6.83 PAB 6.83

$3.53 R$17.69

93.48%

Beef Round Steak (1kg)

$10.58 PAB 10.58

$10.05 R$50.5

5.27%

Apples (1kg)

$4.18 PAB 4.18

$1.94 R$9.75

115.46%

Banana (1kg)

$1.83 PAB 1.83

$1.16 R$5.82

57.76%

Oranges (1kg)

$4.20 PAB 4.20

$0.93 R$4.68

351.61%

Tomato (1kg)

$4.03 PAB 4.03

$1.23 R$6.20

227.64%

Potato (1kg)

$3.48 PAB 3.48

$0.71 R$3.54

390.14%

Onion (1kg)

$4.22 PAB 4.22

$0.86 R$4.32

390.70%

Lettuce (1 head)

$2.41 PAB 2.41

$0.54 R$2.69

346.30%

Water (1.5 liter bottle)

$1.69 PAB 1.69

$0.77 R$3.85

119.48%

Cigarettes 20 Pack (Marlboro, Camel)

$6.14 PAB 6.14

$1.57 R$7.86

291.08%

Wine (Bottle)

$11.30 PAB 11.30

$5.94 R$29.78

90.24%

Local Beer (0.5 liter bottle)

$1.42 PAB 1.42

$0.98 R$4.93

44.90%

Imported Beer (0.33 liter bottle)

$2.73 PAB 2.73

$1.37 R$6.90

99.27%

One-way Ticket (Public Transport)

$0.33 PAB 0.33

$1.04 R$5.22

-68.27%

Public Transport Monthly Pass (Regular Price)

$21.23 PAB 21.23

$43.37 R$218

-51.05%

Taxi Start (Normal Tariff)

$2.52 PAB 2.52

$1.38 R$6.91

82.61%

Taxi (Normal Tariff) (1km)

$1.86 PAB 1.86

$0.74 R$3.69

151.35%

Taxi 1hour Waiting (Normal Tariff)

$21.78 PAB 21.78

$3.97 R$19.89

448.61%

Gasoline (1 liter)

$1.25 PAB 1.25

$1.31 R$6.56

-4.58%

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

$21.2K PAB 21.2K

$11.9K R$59.9K

77.75%

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

$21.0K PAB 21.0K

$29.6K R$148.4K

-28.92%

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

$130 PAB 130

$60.4 R$303

114.82%

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

$28.13 PAB 28.13

$9.88 R$49.55

184.72%

Internet (50+ Mbps, Unlimited Data)

$48.21 PAB 48.21

$19.42 R$97.5

148.25%

Gym Membership (Monthly)

$45.78 PAB 45.78

$25.65 R$129

78.48%

Tennis Court (1 Hour on Weekend)

$34.92 PAB 34.92

$27.30 R$137

27.91%

Cinema Ticket

$8.67 PAB 8.67

$6.64 R$33.29

30.57%

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

$544 PAB 544

$146 R$731

273.42%

International Primary School, 1 Child (Yearly)

$9,697 PAB 9,697

$2,019 R$10.1K

380.38%

Jeans (Levis 501 Or Similar)

$66.8 PAB 66.8

$71.5 R$359

-6.63%

Summer Dress (H&M, Zara, etc)

$49.14 PAB 49.14

$84.3 R$423

-41.69%

Sport Shoes (Adidas, Nike)

$93.9 PAB 93.9

$67.2 R$337

39.76%

Men's Leather Business Shoes

$112 PAB 112

$48.89 R$245

128.17%

1-bedroom Apartment, City Center (Monthly)

$1,257 PAB 1,257

$359 R$1,799

250.52%

1-bedroom Apartment, Outside City Center (Monthly)

$875 PAB 875

$242 R$1,213

261.82%

3-bedroom Apartment, City Center (Monthly)

$2,155 PAB 2,155

$670 R$3,359

221.90%

3-bedroom Apartment, Outside City Center (Monthly)

$1,564 PAB 1,564

$451 R$2,264

246.54%

Buy Apartment in City Center (m2)

$3,122 PAB 3,122

$1,882 R$9,445

65.86%

Buy Apartment Outside City Center (m2)

$1,709 PAB 1,709

$1,339 R$6,718

27.67%

Average Monthly Net Salary (After Tax)

$916 PAB 916

20-Year Fixed Mortgage Interest Rate (Annual %)

6.39

10.67

-40.11%

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

Last update for Panama City: October 10, 2026

Last update for Ouro Preto, Minas Gerais: October 13, 2026

Monthly budget structure

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

Accommodation & Living

Panama City

$875 47.2%

Ouro Preto, Minas Gerais

$242 29.6% 72.4% $633

Groceries & Markets

Panama City

$325 17.5%

Ouro Preto, Minas Gerais

$175 21.5% 46% $150

Eating Out

Panama City

$207 11.1%

Ouro Preto, Minas Gerais

$97 11.9% 53.1% $110

Monthly Utilities & Internet

Panama City

$206 11.1%

Ouro Preto, Minas Gerais

$90 11% 56.5% $116

Clothing & Footwear

Panama City

$145 7.8%

Ouro Preto, Minas Gerais

$122 15% 15.4% $22

Sport & Entertainment

Panama City

$63 3.4%

Ouro Preto, Minas Gerais

$39 4.8% 38.3% $24

Getting Around

Panama City

$34 1.9%

Ouro Preto, Minas Gerais

$53 6.4% 52.9% $18

Cost Breakdown

A one-bedroom apartment in the center runs $1,257 in Panama City and $359 in Ouro Preto, Minas Gerais. Housing cost is often the main lever when comparing two cities.

Dining out: $48.00 in Panama City vs $16.00 in Ouro Preto, Minas Gerais for a mid-range dinner for two. Groceries echo the gap at $325 vs $175 per month, with Ouro Preto, Minas Gerais cheaper across the board.

Good to know

🇵🇦 Panama City

🇧🇷 Ouro Preto, Minas Gerais

🕒 Local time

14:27 2:27 PM

16:27 4:27 PM

2 h ahead of Panama City

🌤 Weather

👥 Population

1,086,990 Capital

74,821

💱 Currency

Panamanian Balboa PAB B/.

Brazilian Real BRL R$

📈 Exchange rate

1 PAB = 1 USD

1 PAB = 0.893 EUR

1 BRL = 0.199 USD

1 BRL = 0.178 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 14, 2026: 1 USD = 1 PAB (1 PAB = 1 USD). 1 EUR = 1.12 PAB (1 PAB = 0.893 EUR).

Brazilian Real exchange rates as of October 14, 2026: 1 USD = 5.02 BRL (1 BRL = 0.199 USD). 1 EUR = 5.62 BRL (1 BRL = 0.178 EUR).

USD to PAB in detail →

On the map

Lowest

Highest

Between locations

Panama City Ouro Preto, Minas Gerais 5,120 km ≈ 7 h nonstop flight

From you

Panama City
Ouro Preto, Minas Gerais

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 Ouro Preto, Minas Gerais: Cost of Living - Frequently Asked Questions

Ouro Preto, Minas Gerais is cheaper overall, especially in groceries, eating out, and clothing. The 127% gap adds up to real monthly savings that compound significantly over time.

You'd need roughly $2,783 in Panama City and $1,227 in Ouro Preto, Minas Gerais to live well. The gap comes down to housing and overall price levels. Both cities are liveable on less, but these numbers represent actual comfort.

Rent for a central apartment: $1,257 in Panama City versus $359 in Ouro Preto, Minas Gerais. Housing is usually the single largest factor when comparing overall living costs between the two.

A monthly transit pass in Ouro Preto, Minas Gerais runs roughly 104% less than in Panama City. Both cities have functional networks, but the price difference matters if you're watching your budget.

Childcare runs $544 in Panama City versus $146 in Ouro Preto, Minas Gerais. Over years of preschool, even a modest monthly gap compounds into a major financial factor for families.

At $818 in Ouro Preto, Minas Gerais versus $1,855 in Panama City, a $1,500 budget is realistic in Ouro Preto, Minas Gerais but tight or insufficient in Panama City. The gap between the two cities makes Ouro Preto, Minas Gerais the clear choice for anyone on this budget.

For families, Ouro Preto, Minas Gerais 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.

Safety-wise, Panama City and Ouro Preto, Minas Gerais are on par. Petty crime is typical for cities this size, and most residents feel comfortable going about their daily routines in either place.

Expats usually find Ouro Preto, Minas Gerais gentler on the wallet – expenses run 127% less than in Panama City. Beyond cost, consider language, visa policies, and how big the international community is in each city.