Last update: Oct 2026

Cost of Living Comparison Between Panama City and Paget Parish

For one person, living is cheaper in Panama City: $1,837 a month against $5,464 in Paget Parish, rent and utilities included – about $43,500 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
264

Cost of Living Index in Paget Parish
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Paget Parish Living Index

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Panama City

🇵🇦 Panama

$1,837

/mo nomad

Paget Parish

🇧🇲 Bermuda

$5,464

/mo nomad

Monthly Cost of Living

How much you'll spend in Panama City and in Paget Parish

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

Monthly costs for one person with rent: $1,837 in Panama City versus $5,464 in Paget Parish.

Panama City $1,837
Paget Parish $5,464

Estimated couple costs with rent: $2,825 in Panama City versus $9,812 in Paget Parish.

Panama City $2,825
Paget Parish $9,812

Monthly costs for a family of three with rent: $3,812 in Panama City versus $14.2K in Paget Parish.

Panama City $3,812
Paget Parish $14.2K

Living in Panama City costs roughly 66% less than in Paget Parish, and outside of rent the biggest gap is in eating out.

Both cities are pricier than the global median: Panama City 37% above, Paget Parish 308% above.

Meal at Budget Restaurant

$11.34 PAB 11.34

$50.3 BMD 50.3

-77.46%

Three-Course Dinner for Two, Mid-Range

$47.85 PAB 47.85

$150 BMD 150

-68.08%

Fast Food Meal (McDonalds, etc)

$8.07 PAB 8.07

$16.90 BMD 16.90

-52.25%

Cappuccino

$4.02 PAB 4.02

$6.31 BMD 6.31

-36.29%

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

$1.94 PAB 1.94

$3.09 BMD 3.09

-37.22%

Water (0.33 liter bottle)

$1.62 PAB 1.62

$3.16 BMD 3.16

-48.73%

Local Beer (0.5 liter draught)

$3.26 PAB 3.26

$7.57 BMD 7.57

-56.94%

Imported Beer (0.33 liter bottle)

$3.99 PAB 3.99

$8.83 BMD 8.83

-54.81%

Milk (1 liter)

$1.83 PAB 1.83

$5.01 BMD 5.01

-63.47%

White Bread (500g)

$2.57 PAB 2.57

$8.07 BMD 8.07

-68.15%

Rice (white) (1kg)

$3.33 PAB 3.33

$5.68 BMD 5.68

-41.37%

Eggs

$2.69 PAB 2.69

$5.84 BMD 5.84

-53.94%

Local Cheese (1kg)

$12.33 PAB 12.33

$21.96 BMD 21.96

-43.85%

Chicken Fillets (1kg)

$6.69 PAB 6.69

$17.34 BMD 17.34

-61.42%

Beef Round Steak (1kg)

$10.40 PAB 10.40

$19.87 BMD 19.87

-47.66%

Apples (1kg)

$4.16 PAB 4.16

$8.81 BMD 8.81

-52.78%

Banana (1kg)

$1.84 PAB 1.84

$6.48 BMD 6.48

-71.60%

Oranges (1kg)

$4.18 PAB 4.18

$7.24 BMD 7.24

-42.27%

Tomato (1kg)

$4.08 PAB 4.08

$8.36 BMD 8.36

-51.20%

Potato (1kg)

$3.50 PAB 3.50

$5.53 BMD 5.53

-36.71%

Onion (1kg)

$4.37 PAB 4.37

$4.09 BMD 4.09

6.85%

Lettuce (1 head)

$2.34 PAB 2.34

$6.33 BMD 6.33

-63.03%

Water (1.5 liter bottle)

$1.75 PAB 1.75

$3.45 BMD 3.45

-49.28%

Cigarettes 20 Pack (Marlboro, Camel)

$6.06 PAB 6.06

$18.05 BMD 18.05

-66.43%

Wine (Bottle)

$11.72 PAB 11.72

$23.81 BMD 23.81

-50.78%

Local Beer (0.5 liter bottle)

$1.37 PAB 1.37

$5.35 BMD 5.35

-74.39%

Imported Beer (0.33 liter bottle)

$2.84 PAB 2.84

$4.17 BMD 4.17

-31.89%

One-way Ticket (Public Transport)

$0.36 PAB 0.36

$4.48 BMD 4.48

-91.96%

Public Transport Monthly Pass (Regular Price)

$20.96 PAB 20.96

Taxi Start (Normal Tariff)

$2.52 PAB 2.52

$6.37 BMD 6.37

-60.44%

Taxi (Normal Tariff) (1km)

$1.79 PAB 1.79

$3.05 BMD 3.05

-41.31%

Taxi 1hour Waiting (Normal Tariff)

$22.01 PAB 22.01

$68.7 BMD 68.7

-67.96%

Gasoline (1 liter)

$1.25 PAB 1.25

$2.22 BMD 2.22

-43.69%

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

$21.5K PAB 21.5K

$20.4K BMD 20.4K

5.79%

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

$21.2K PAB 21.2K

$35.7K BMD 35.7K

-40.63%

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

$131 PAB 131

$284 BMD 284

-53.78%

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

$27.68 PAB 27.68

$149 BMD 149

-81.36%

Internet (50+ Mbps, Unlimited Data)

$48.59 PAB 48.59

$122 BMD 122

-60.22%

Gym Membership (Monthly)

$46.11 PAB 46.11

$201 BMD 201

-77.07%

Tennis Court (1 Hour on Weekend)

$35.01 PAB 35.01

Cinema Ticket

$8.73 PAB 8.73

$13.48 BMD 13.48

-35.24%

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

$551 PAB 551

$1,321 BMD 1,321

-58.33%

International Primary School, 1 Child (Yearly)

$9,560 PAB 9,560

$25.3K BMD 25.3K

-62.15%

Jeans (Levis 501 Or Similar)

$67.6 PAB 67.6

$90.3 BMD 90.3

-25.09%

Summer Dress (H&M, Zara, etc)

$48.03 PAB 48.03

$70.8 BMD 70.8

-32.18%

Sport Shoes (Adidas, Nike)

$94.9 PAB 94.9

$144 BMD 144

-33.99%

Men's Leather Business Shoes

$113 PAB 113

$129 BMD 129

-12.63%

1-bedroom Apartment, City Center (Monthly)

$1,238 PAB 1,238

$4,039 BMD 4,039

-69.36%

1-bedroom Apartment, Outside City Center (Monthly)

$873 PAB 873

$3,082 BMD 3,082

-71.67%

3-bedroom Apartment, City Center (Monthly)

$2,197 PAB 2,197

$8,371 BMD 8,371

-73.76%

3-bedroom Apartment, Outside City Center (Monthly)

$1,538 PAB 1,538

$8,899 BMD 8,899

-82.71%

Buy Apartment in City Center (m2)

$3,116 PAB 3,116

Buy Apartment Outside City Center (m2)

$1,725 PAB 1,725

$6,015 BMD 6,015

-71.33%

Average Monthly Net Salary (After Tax)

$934 PAB 934

$4,028 BMD 4,028

-76.80%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.39

8.63

-25.96%

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

Last update for Panama City: October 3, 2026

Last update for Paget Parish: October 4, 2026

Monthly budget structure

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

Accommodation & Living

Panama City

$873 47.2%

Paget Parish

$3.1K 56.8% 253% $2.2K

Groceries & Markets

Panama City

$324 17.5%

Paget Parish

$717 13.2% 121% $393

Monthly Utilities & Internet

Panama City

$207 11.2%

Paget Parish

$554 10.2% 167% $347

Eating Out

Panama City

$202 10.9%

Paget Parish

$610 11.2% 202% $408

Clothing & Footwear

Panama City

$146 7.9%

Paget Parish

$195 3.6% 34.2% $50

Sport & Entertainment

Panama City

$64 3.4%

Paget Parish

$228 4.2% 259% $164

Getting Around

Panama City

$34 1.8%

Paget Parish

$40 * 0.7% 16.6% $5.6

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

Cost Breakdown

A one-bedroom apartment in the center runs $1,238 in Panama City and $4,039 in Paget Parish. Housing cost is often the main lever when comparing two cities.

Paget Parish pays 331% 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 $150 in Paget Parish for a mid-range dinner for two. Groceries echo the gap at $324 vs $717 per month, with Panama City cheaper across the board.

Good to know

🇵🇦 Panama City

🇧🇲 Paget Parish

🕒 Local time

06:55 6:55 AM

08:55 8:55 AM

2 h ahead of Panama City

🌤 Weather

👥 Population

1,086,990 Capital

5,702

💱 Currency

Panamanian Balboa PAB B/.

Bermudian Dollar BMD $

📈 Exchange rate

1 PAB = 1 USD

1 PAB = 0.892 EUR

1 BMD = 1 USD

1 BMD = 0.892 EUR

Exchange rates and currency converter

BMD, USD, EUR to PAB – Panamanian Balboa Converter

🇺🇸 United States Dollar ($)

🇵🇦 Panamanian Balboa (B/.)

Panamanian Balboa exchange rates as of October 10, 2026: 1 USD = 1 PAB (1 PAB = 1 USD). 1 EUR = 1.12 PAB (1 PAB = 0.892 EUR).

Bermudian Dollar exchange rates as of October 10, 2026: 1 USD = 1 BMD (1 BMD = 1 USD). 1 EUR = 1.12 BMD (1 BMD = 0.892 EUR).

USD to PAB in detail →

On the map

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Highest

Between locations

Panama City Paget Parish 3,000 km ≈ 4 h 15 min nonstop flight

From you

Panama City
Paget Parish

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 Paget Parish: Cost of Living - Frequently Asked Questions

Panama City and Paget Parish differ by about 197% in total monthly costs ($1,837 vs $5,464 including rent). Panama City is meaningfully more affordable – a gap that matters a lot on a fixed or modest income.

On paper, salaries run 331% lower in Paget Parish. 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: $1,238 in Panama City versus $4,039 in Paget Parish. Housing is usually the single largest factor when comparing overall living costs between the two.

Childcare runs $551 in Panama City versus $1,321 in Paget Parish. Over years of preschool, even a modest monthly gap compounds into a major financial factor for families.

Dining out is cheaper in Panama City – a meal for two runs $48.00 versus $150 in Paget Parish. If you eat out regularly, this makes a real dent in your monthly spending.

At $1,837 in Panama City versus $5,464 in Paget Parish, a $2,500 budget is realistic in Panama City but tight or insufficient in Paget Parish. The gap between the two cities makes Panama City the clear choice for anyone on this budget.

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.

Safety-wise, Panama City and Paget Parish 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 Panama City gentler on the wallet – expenses run 197% less than in Paget Parish. Beyond cost, consider language, visa policies, and how big the international community is in each city.