Last update: Oct 2026

Cost of Living Comparison Between Panama City and Saint George

For one person, living is cheaper in Panama City: $1,837 a month against $4,833 in Saint George, rent and utilities included – about $36,000 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 Saint George
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Saint George Living Index

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Panama City

🇵🇦 Panama

$1,837

/mo nomad

Saint George

🇧🇲 Bermuda

$4,833

/mo nomad

Monthly Cost of Living

How much you'll spend in Panama City and in Saint George

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 Saint George actually costs, broken down by who's living it.

A single person spends $1,837 per month in Panama City vs $4,833 in Saint George, rent included.

Panama City $1,837
Saint George $4,833

A couple spends around $2,825 per month in Panama City vs $6,839 in Saint George, rent included.

Panama City $2,825
Saint George $6,839

A family of three spends $3,812 per month in Panama City vs $8,846 in Saint George, rent included.

Panama City $3,812
Saint George $8,846

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

Both Panama City and Saint George sit above the global median – Panama City by 37%, Saint George by 261%.

Meal at Budget Restaurant

$11.34 PAB 11.34

$49.88 BMD 49.88

-77.27%

Three-Course Dinner for Two, Mid-Range

$47.85 PAB 47.85

$151 BMD 151

-68.24%

Fast Food Meal (McDonalds, etc)

$8.07 PAB 8.07

$16.63 BMD 16.63

-51.47%

Cappuccino

$4.02 PAB 4.02

$6.34 BMD 6.34

-36.59%

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

$1.94 PAB 1.94

$3.12 BMD 3.12

-37.82%

Water (0.33 liter bottle)

$1.62 PAB 1.62

$3.15 BMD 3.15

-48.57%

Local Beer (0.5 liter draught)

$3.26 PAB 3.26

$7.51 BMD 7.51

-56.59%

Imported Beer (0.33 liter bottle)

$3.99 PAB 3.99

$9.16 BMD 9.16

-56.44%

Milk (1 liter)

$1.83 PAB 1.83

$4.90 BMD 4.90

-62.65%

White Bread (500g)

$2.57 PAB 2.57

$7.82 BMD 7.82

-67.14%

Rice (white) (1kg)

$3.33 PAB 3.33

$3.98 BMD 3.98

-16.33%

Eggs

$2.69 PAB 2.69

$7.15 BMD 7.15

-62.38%

Local Cheese (1kg)

$12.33 PAB 12.33

$7.31 BMD 7.31

68.67%

Chicken Fillets (1kg)

$6.69 PAB 6.69

$21.48 BMD 21.48

-68.85%

Beef Round Steak (1kg)

$10.40 PAB 10.40

$19.33 BMD 19.33

-46.20%

Apples (1kg)

$4.16 PAB 4.16

$9.03 BMD 9.03

-53.93%

Banana (1kg)

$1.84 PAB 1.84

$6.46 BMD 6.46

-71.52%

Oranges (1kg)

$4.18 PAB 4.18

$9.02 BMD 9.02

-53.66%

Tomato (1kg)

$4.08 PAB 4.08

$9.59 BMD 9.59

-57.46%

Potato (1kg)

$3.50 PAB 3.50

$8.68 BMD 8.68

-59.68%

Onion (1kg)

$4.37 PAB 4.37

$4.07 BMD 4.07

7.37%

Lettuce (1 head)

$2.34 PAB 2.34

$6.09 BMD 6.09

-61.58%

Water (1.5 liter bottle)

$1.75 PAB 1.75

$3.40 BMD 3.40

-48.53%

Cigarettes 20 Pack (Marlboro, Camel)

$6.06 PAB 6.06

$17.70 BMD 17.70

-65.76%

Wine (Bottle)

$11.72 PAB 11.72

$24.37 BMD 24.37

-51.91%

Local Beer (0.5 liter bottle)

$1.37 PAB 1.37

$5.26 BMD 5.26

-73.95%

Imported Beer (0.33 liter bottle)

$2.84 PAB 2.84

$4.24 BMD 4.24

-33.02%

One-way Ticket (Public Transport)

$0.36 PAB 0.36

Public Transport Monthly Pass (Regular Price)

$20.96 PAB 20.96

Taxi Start (Normal Tariff)

$2.52 PAB 2.52

$6.38 BMD 6.38

-60.50%

Taxi (Normal Tariff) (1km)

$1.79 PAB 1.79

$3.06 BMD 3.06

-41.50%

Taxi 1hour Waiting (Normal Tariff)

$22.01 PAB 22.01

$70.3 BMD 70.3

-68.67%

Gasoline (1 liter)

$1.25 PAB 1.25

$2.45 BMD 2.45

-48.98%

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

$21.5K PAB 21.5K

$37.8K BMD 37.8K

-43.00%

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

$21.2K PAB 21.2K

$43.1K BMD 43.1K

-50.84%

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

$131 PAB 131

$285 BMD 285

-53.96%

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

$27.68 PAB 27.68

$148 BMD 148

-81.35%

Internet (50+ Mbps, Unlimited Data)

$48.59 PAB 48.59

$159 BMD 159

-69.40%

Gym Membership (Monthly)

$46.11 PAB 46.11

Tennis Court (1 Hour on Weekend)

$35.01 PAB 35.01

Cinema Ticket

$8.73 PAB 8.73

$13.70 BMD 13.70

-36.28%

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

$551 PAB 551

$1,308 BMD 1,308

-57.92%

International Primary School, 1 Child (Yearly)

$9,560 PAB 9,560

$25.4K BMD 25.4K

-62.39%

Jeans (Levis 501 Or Similar)

$67.6 PAB 67.6

$88.4 BMD 88.4

-23.49%

Summer Dress (H&M, Zara, etc)

$48.03 PAB 48.03

$71.0 BMD 71.0

-32.30%

Sport Shoes (Adidas, Nike)

$94.9 PAB 94.9

$141 BMD 141

-32.82%

Men's Leather Business Shoes

$113 PAB 113

$130 BMD 130

-13.28%

1-bedroom Apartment, City Center (Monthly)

$1,238 PAB 1,238

$3,049 BMD 3,049

-59.40%

1-bedroom Apartment, Outside City Center (Monthly)

$873 PAB 873

$2,744 BMD 2,744

-68.17%

3-bedroom Apartment, City Center (Monthly)

$2,197 PAB 2,197

$5,057 BMD 5,057

-56.56%

3-bedroom Apartment, Outside City Center (Monthly)

$1,538 PAB 1,538

$4,068 BMD 4,068

-62.19%

Buy Apartment in City Center (m2)

$3,116 PAB 3,116

Buy Apartment Outside City Center (m2)

$1,725 PAB 1,725

Average Monthly Net Salary (After Tax)

$934 PAB 934

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 Saint George: October 5, 2026

Monthly budget structure

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

Accommodation & Living

Panama City

$873 47.2%

Saint George

$2.7K 56.1% 214% $1.9K

Groceries & Markets

Panama City

$324 17.5%

Saint George

$710 14.5% 119% $385

Monthly Utilities & Internet

Panama City

$207 11.2%

Saint George

$592 12.1% 185% $385

Eating Out

Panama City

$202 10.9%

Saint George

$606 12.4% 201% $404

Clothing & Footwear

Panama City

$146 7.9%

Saint George

$194 4% 33.2% $48

Sport & Entertainment

Panama City

$64 3.4%

Saint George

$27 * 0.6% 56.9% $36

Getting Around

Panama City

$34 1.8%

Saint George

$22 * 0.4% 36% $12

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

Cost Breakdown

A central one-bedroom costs $1,238 in Panama City versus $3,049 in Saint George. 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 $151 in Saint George. Monthly groceries follow the same trend: $324 vs $710 – making Panama City the more affordable choice for daily food spending.

Good to know

🇵🇦 Panama City

🇧🇲 Saint George

🕒 Local time

05:47 5:47 AM

07:47 7:47 AM

2 h ahead of Panama City

🌤 Weather

👥 Population

1,086,990 Capital

2,000

💱 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 Saint George 3,020 km ≈ 4 h 15 min nonstop flight

From you

Panama City
Saint George

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 Saint George: Cost of Living - Frequently Asked Questions

Yes – Saint George is pricier by about 163%, and outside of rent the gap shows up most in eating out.

For a comfortable life, plan on about $2,756 per month in Panama City and $7,249 in Saint George. 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.

Monthly expenses with rent come to $1,837 in Panama City and $4,833 in Saint George. That's a gap of about 163%.

Kindergarten costs $551 per month in Panama City and $1,308 in Saint George. For families with young kids, this one expense can tip the scales when choosing between the two cities.

A $2,500 monthly budget goes further in Panama City, where all-in costs run around $1,837, than in Saint George at $4,833. In Panama City it covers expenses comfortably, while in Saint George 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.

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, Saint George makes more sense. Both are solid long-term options with distinct trade-offs.