Last update: Nov 2026

Cost of Living Comparison Between Panama City and Price, UT

For one person, living is cheaper in Panama City: $1,972 a month against $2,540 in Price, UT, rent and utilities included – about $6,800 less a year. Rent and utilities account for most of the difference.

95

Cost of Living Index in Panama City
Learn more

Panama City Living Index
120

Cost of Living Index in Price, UT
Learn more

Price, UT Living Index

Jump to prices

Panama City

🇵🇦 Panama

$1,972

/mo nomad

Price, UT

🇺🇸 United States

$2,540

/mo nomad

Monthly Cost of Living

How much you'll spend in Panama City and in Price, UT

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

A single person spends $1,972 per month in Panama City vs $2,540 in Price, UT, rent included.

Panama City $1,972
Price, UT $2,540

A couple spends around $2,930 per month in Panama City vs $3,632 in Price, UT, rent included.

Panama City $2,930
Price, UT $3,632

A family of three spends $3,888 per month in Panama City vs $4,723 in Price, UT, rent included.

Panama City $3,888
Price, UT $4,723

Panama City is about 22% cheaper than Price, UT, and outside of rent the biggest gap is in groceries.

Both Panama City and Price, UT sit above the global median – Panama City by 46%, Price, UT by 88%.

Meal at Budget Restaurant

$11.37 PAB 11.37

$15.26 $15.26

-25.49%

Three-Course Dinner for Two, Mid-Range

$46.69 PAB 46.69

$44.43 $44.43

5.09%

Fast Food Meal (McDonalds, etc)

$7.98 PAB 7.98

$6.85 $6.85

16.50%

Cappuccino

$4.12 PAB 4.12

$3.90 $3.90

5.64%

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

$2.01 PAB 2.01

$2.55 $2.55

-21.18%

Water (0.33 liter bottle)

$1.57 PAB 1.57

$1.90 $1.90

-17.37%

Local Beer (0.5 liter draught)

$3.28 PAB 3.28

$4.05 $4.05

-19.01%

Imported Beer (0.33 liter bottle)

$3.88 PAB 3.88

$6.12 $6.12

-36.60%

Milk (1 liter)

$1.82 PAB 1.82

$0.96 $0.96

89.58%

White Bread (500g)

$2.61 PAB 2.61

$3.14 $3.14

-16.88%

Rice (white) (1kg)

$3.45 PAB 3.45

$6.48 $6.48

-46.76%

Eggs

$2.68 PAB 2.68

$4.42 $4.42

-39.37%

Local Cheese (1kg)

$12.42 PAB 12.42

$21.31 $21.31

-41.72%

Chicken Fillets (1kg)

$6.73 PAB 6.73

$9.74 $9.74

-30.90%

Beef Round Steak (1kg)

$10.44 PAB 10.44

$15.31 $15.31

-31.81%

Apples (1kg)

$4.21 PAB 4.21

$5.49 $5.49

-23.32%

Banana (1kg)

$1.95 PAB 1.95

$1.52 $1.52

28.29%

Oranges (1kg)

$4.07 PAB 4.07

$6.88 $6.88

-40.84%

Tomato (1kg)

$4.02 PAB 4.02

$3.77 $3.77

6.63%

Potato (1kg)

$3.46 PAB 3.46

$2.63 $2.63

31.56%

Onion (1kg)

$4.42 PAB 4.42

$2.13 $2.13

107.51%

Lettuce (1 head)

$2.43 PAB 2.43

$2.03 $2.03

19.70%

Water (1.5 liter bottle)

$1.72 PAB 1.72

$2.23 $2.23

-22.87%

Cigarettes 20 Pack (Marlboro, Camel)

$6.04 PAB 6.04

$11.11 $11.11

-45.63%

Wine (Bottle)

$11.68 PAB 11.68

$14.83 $14.83

-21.24%

Local Beer (0.5 liter bottle)

$1.41 PAB 1.41

$1.94 $1.94

-27.32%

Imported Beer (0.33 liter bottle)

$2.74 PAB 2.74

$4.05 $4.05

-32.35%

One-way Ticket (Public Transport)

$0.33 PAB 0.33

$1.87 $1.87

-82.35%

Public Transport Monthly Pass (Regular Price)

$20.65 PAB 20.65

$68.0 $68.0

-69.65%

Taxi Start (Normal Tariff)

$2.45 PAB 2.45

$3.19 $3.19

-23.20%

Taxi (Normal Tariff) (1km)

$1.76 PAB 1.76

$2.98 $2.98

-40.94%

Taxi 1hour Waiting (Normal Tariff)

$21.86 PAB 21.86

$33.02 $33.02

-33.80%

Gasoline (1 liter)

$1.20 PAB 1.20

$1.01 $1.01

18.81%

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

$24.6K PAB 24.6K

$41.2K $41.2K

-40.37%

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

$20.9K PAB 20.9K

$37.5K $37.5K

-44.32%

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

$132 PAB 132

$170 $170

-22.44%

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

$27.89 PAB 27.89

$57.9 $57.9

-51.84%

Internet (50+ Mbps, Unlimited Data)

$49.10 PAB 49.10

$73.7 $73.7

-33.37%

Gym Membership (Monthly)

$44.53 PAB 44.53

$45.24 $45.24

-1.57%

Tennis Court (1 Hour on Weekend)

$34.01 PAB 34.01

Cinema Ticket

$8.70 PAB 8.70

$15.08 $15.08

-42.31%

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

$537 PAB 537

$1,150 $1,150

-53.31%

International Primary School, 1 Child (Yearly)

$20.5K PAB 20.5K

$18.3K $18.3K

11.95%

Jeans (Levis 501 Or Similar)

$65.8 PAB 65.8

$50.6 $50.6

29.99%

Summer Dress (H&M, Zara, etc)

$48.45 PAB 48.45

$26.20 $26.20

84.92%

Sport Shoes (Adidas, Nike)

$95.4 PAB 95.4

$83.5 $83.5

14.29%

Men's Leather Business Shoes

$114 PAB 114

$99.3 $99.3

14.40%

1-bedroom Apartment, City Center (Monthly)

$1,405 PAB 1,405

$1,555 $1,555

-9.67%

1-bedroom Apartment, Outside City Center (Monthly)

$994 PAB 994

$1,293 $1,293

-23.11%

3-bedroom Apartment, City Center (Monthly)

$2,221 PAB 2,221

$2,522 $2,522

-11.93%

3-bedroom Apartment, Outside City Center (Monthly)

$1,714 PAB 1,714

$2,096 $2,096

-18.25%

Buy Apartment in City Center (m2)

$3,139 PAB 3,139

$2,524 $2,524

24.35%

Buy Apartment Outside City Center (m2)

$1,724 PAB 1,724

$2,345 $2,345

-26.49%

Average Monthly Net Salary (After Tax)

$936 PAB 936

20-Year Fixed Mortgage Interest Rate (Annual %)

6.39

6.91

-7.53%

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

Last update for Panama City: November 3, 2026

Last update for Price, UT: November 2, 2026

Monthly budget structure

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

Accommodation & Living

Panama City

$994 50.4%

Price, UT

$1.3K 50.9% 30% $299

Groceries & Markets

Panama City

$326 16.5%

Price, UT

$421 16.6% 29.1% $95

Monthly Utilities & Internet

Panama City

$209 10.6%

Price, UT

$302 11.9% 44.4% $93

Eating Out

Panama City

$203 10.3%

Price, UT

$240 9.4% 18.1% $37

Clothing & Footwear

Panama City

$145 7.4%

Price, UT

$117 4.6% 19.7% $29

Sport & Entertainment

Panama City

$62 3.1%

Price, UT

$75 3% 21.8% $13

Getting Around

Panama City

$33 1.7%

Price, UT

$94 3.7% 182% $60

Cost Breakdown

A central one-bedroom costs $1,405 in Panama City versus $1,555 in Price, UT. 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 $47 in Panama City versus $44 in Price, UT. Groceries tell a different story – $326 in Panama City vs $421 in Price, UT – so Panama City wins on supermarket bills even if dining out costs more.

Good to know

🇵🇦 Panama City

🇺🇸 Price, UT

🕒 Local time

12:20 12:20 PM

10:20 10:20 AM

2 h behind Panama City

🌤 Weather

👥 Population

1,086,990 Capital

8,400

💱 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 November 6, 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 November 6, 2026: 1 EUR = 1.12 USD (1 USD = 0.89 EUR).

USD to PAB in detail →

On the map

Lowest

Highest

Between locations

Panama City Price, UT 4,610 km ≈ 6 h nonstop flight

From you

Panama City
Price, UT

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 Price, UT: Cost of Living - Frequently Asked Questions

Yes – Price, UT is pricier by about 29%, and outside of rent the gap shows up most in groceries.

For a comfortable life, plan on about $2,958 per month in Panama City and $3,811 in Price, UT. 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: a one-bedroom in the center costs $1,405 there versus $1,555 in Price, UT.

Groceries cost about 29% more in Price, UT, though the gap depends on what you buy.

A mid-range dinner for two costs $47 in Panama City and $44 in Price, UT. That’s a good indicator of the overall restaurant and café pricing gap between the two cities.

A $2,500 monthly budget goes further in Panama City, where all-in costs run around $1,972, than in Price, UT at $2,540. In Panama City it covers expenses comfortably, while in Price, UT it requires careful planning or may not stretch far enough.

Families tend to lean toward Panama City – lower housing and cheaper childcare make a real difference, especially on a single income or when paying for private education.