Last update: Oct 2026

Cost of Living Comparison Between Panama City and Santos

For one person, living is cheaper in Santos: $1,132 a month against $1,837 in Panama City, rent and utilities included – about $8,500 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
56

Cost of Living Index in Santos
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Santos Living Index

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Panama City

🇵🇦 Panama

$1,837

/mo nomad

Santos

🇧🇷 Brazil

$1,132

/mo nomad

Monthly Cost of Living

How much you'll spend in Panama City and in Santos

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

A single person spends $1,837 per month in Panama City vs $1,132 in Santos, rent included.

Panama City $1,837
Santos $1,132

A couple spends around $2,825 per month in Panama City vs $1,745 in Santos, rent included.

Panama City $2,825
Santos $1,745

A family of three spends $3,812 per month in Panama City vs $2,359 in Santos, rent included.

Panama City $3,812
Santos $2,359

Panama City costs about 62% more than Santos, and outside of rent the biggest gap is in groceries.

Panama City sits 37% above the global median, while Santos is 16% below – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$11.34 PAB 11.34

$7.80 R$38.94

45.38%

Three-Course Dinner for Two, Mid-Range

$47.85 PAB 47.85

$32.51 R$162

47.19%

Fast Food Meal (McDonalds, etc)

$8.07 PAB 8.07

$6.91 R$34.48

16.79%

Cappuccino

$4.02 PAB 4.02

$2.78 R$13.86

44.60%

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

$1.94 PAB 1.94

$1.41 R$7.05

37.59%

Water (0.33 liter bottle)

$1.62 PAB 1.62

$1.01 R$5.03

60.40%

Local Beer (0.5 liter draught)

$3.26 PAB 3.26

$2.64 R$13.17

23.48%

Imported Beer (0.33 liter bottle)

$3.99 PAB 3.99

$2.96 R$14.80

34.80%

Milk (1 liter)

$1.83 PAB 1.83

$1.08 R$5.38

69.44%

White Bread (500g)

$2.57 PAB 2.57

$1.85 R$9.22

38.92%

Rice (white) (1kg)

$3.33 PAB 3.33

$1.38 R$6.91

141.30%

Eggs

$2.69 PAB 2.69

$2.52 R$12.56

6.75%

Local Cheese (1kg)

$12.33 PAB 12.33

$12.16 R$60.7

1.40%

Chicken Fillets (1kg)

$6.69 PAB 6.69

$4.91 R$24.49

36.25%

Beef Round Steak (1kg)

$10.40 PAB 10.40

$10.06 R$50.2

3.38%

Apples (1kg)

$4.16 PAB 4.16

$2.12 R$10.60

96.23%

Banana (1kg)

$1.84 PAB 1.84

$1.26 R$6.27

46.03%

Oranges (1kg)

$4.18 PAB 4.18

$1.98 R$9.89

111.11%

Tomato (1kg)

$4.08 PAB 4.08

$1.81 R$9.01

125.41%

Potato (1kg)

$3.50 PAB 3.50

$1.32 R$6.59

165.15%

Onion (1kg)

$4.37 PAB 4.37

$1.30 R$6.49

236.15%

Lettuce (1 head)

$2.34 PAB 2.34

$1.21 R$6.03

93.39%

Water (1.5 liter bottle)

$1.75 PAB 1.75

$0.91 R$4.55

92.31%

Cigarettes 20 Pack (Marlboro, Camel)

$6.06 PAB 6.06

$2.43 R$12.11

149.38%

Wine (Bottle)

$11.72 PAB 11.72

$8.18 R$40.85

43.28%

Local Beer (0.5 liter bottle)

$1.37 PAB 1.37

$1.39 R$6.95

-1.44%

Imported Beer (0.33 liter bottle)

$2.84 PAB 2.84

$1.90 R$9.49

49.47%

One-way Ticket (Public Transport)

$0.36 PAB 0.36

$1.12 R$5.59

-67.86%

Public Transport Monthly Pass (Regular Price)

$20.96 PAB 20.96

$50.4 R$252

-58.41%

Taxi Start (Normal Tariff)

$2.52 PAB 2.52

$1.51 R$7.56

66.89%

Taxi (Normal Tariff) (1km)

$1.79 PAB 1.79

$1.62 R$8.10

10.49%

Taxi 1hour Waiting (Normal Tariff)

$22.01 PAB 22.01

$18.35 R$91.6

19.95%

Gasoline (1 liter)

$1.25 PAB 1.25

$1.27 R$6.32

-1.57%

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

$21.5K PAB 21.5K

$23.9K R$119.1K

-9.76%

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

$21.2K PAB 21.2K

$33.1K R$165.2K

-35.94%

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

$131 PAB 131

$104 R$518

26.40%

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

$27.68 PAB 27.68

$12.45 R$62.1

122.33%

Internet (50+ Mbps, Unlimited Data)

$48.59 PAB 48.59

$22.68 R$113

114.24%

Gym Membership (Monthly)

$46.11 PAB 46.11

$29.14 R$145

58.24%

Tennis Court (1 Hour on Weekend)

$35.01 PAB 35.01

$56.9 R$284

-38.43%

Cinema Ticket

$8.73 PAB 8.73

$9.03 R$45.06

-3.32%

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

$551 PAB 551

$277 R$1,385

98.44%

International Primary School, 1 Child (Yearly)

$9,560 PAB 9,560

$10.4K R$51.9K

-8.02%

Jeans (Levis 501 Or Similar)

$67.6 PAB 67.6

$56.1 R$280

20.52%

Summer Dress (H&M, Zara, etc)

$48.03 PAB 48.03

$36.85 R$184

30.34%

Sport Shoes (Adidas, Nike)

$94.9 PAB 94.9

$97.5 R$486

-2.63%

Men's Leather Business Shoes

$113 PAB 113

$60.1 R$300

87.86%

1-bedroom Apartment, City Center (Monthly)

$1,238 PAB 1,238

$536 R$2,677

130.83%

1-bedroom Apartment, Outside City Center (Monthly)

$873 PAB 873

$422 R$2,106

106.95%

3-bedroom Apartment, City Center (Monthly)

$2,197 PAB 2,197

$988 R$4,933

122.34%

3-bedroom Apartment, Outside City Center (Monthly)

$1,538 PAB 1,538

$710 R$3,547

116.51%

Buy Apartment in City Center (m2)

$3,116 PAB 3,116

$2,477 R$12.4K

25.80%

Buy Apartment Outside City Center (m2)

$1,725 PAB 1,725

$1,794 R$8,955

-3.86%

Average Monthly Net Salary (After Tax)

$934 PAB 934

$585 R$2,922

59.63%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.39

12.79

-50.04%

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

Last update for Panama City: October 3, 2026

Last update for Santos: October 4, 2026

Monthly budget structure

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

Accommodation & Living

Panama City

$873 47.2%

Santos

$422 36.7% 51.7% $451

Groceries & Markets

Panama City

$324 17.5%

Santos

$221 19.2% 32% $104

Monthly Utilities & Internet

Panama City

$207 11.2%

Santos

$139 12.1% 33% $69

Eating Out

Panama City

$202 10.9%

Santos

$145 12.6% 28% $56

Clothing & Footwear

Panama City

$146 7.9%

Santos

$113 9.8% 22.5% $33

Sport & Entertainment

Panama City

$64 3.4%

Santos

$47 4.1% 25.8% $16

Getting Around

Panama City

$34 1.8%

Santos

$65 5.6% 90.4% $31

Cost Breakdown

A central one-bedroom costs $1,238 in Panama City versus $536 in Santos. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

Salaries run about 60% higher in Panama City, which partly offsets the higher cost of living there. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $48.00 in Panama City versus $33.00 in Santos. Monthly groceries follow the same trend: $324 vs $221 – making Santos the more affordable choice for daily food spending.

Good to know

🇵🇦 Panama City

🇧🇷 Santos

🕒 Local time

06:28 6:28 AM

08:28 8:28 AM

2 h ahead of Panama City

🌤 Weather

👥 Population

1,086,990 Capital

418,608

💱 Currency

Panamanian Balboa PAB B/.

Brazilian Real BRL R$

📈 Exchange rate

1 PAB = 1 USD

1 PAB = 0.892 EUR

1 BRL = 0.2 USD

1 BRL = 0.179 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 10, 2026: 1 USD = 1 PAB (1 PAB = 1 USD). 1 EUR = 1.12 PAB (1 PAB = 0.892 EUR).

Brazilian Real exchange rates as of October 10, 2026: 1 USD = 4.99 BRL (1 BRL = 0.2 USD). 1 EUR = 5.59 BRL (1 BRL = 0.179 EUR).

USD to PAB in detail →

On the map

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Between locations

Panama City Santos 5,140 km ≈ 7 h nonstop flight

From you

Panama City
Santos

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 Santos: Cost of Living - Frequently Asked Questions

Yes – Panama City is pricier by about 62%, and outside of rent the gap shows up most in groceries.

For a comfortable life, plan on about $2,756 per month in Panama City and $1,698 in Santos. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Santos, especially for central apartments. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

Groceries cost about 47% more in Panama City, though it depends on what you buy. Local produce may be comparable; imported and premium items show the biggest price gap.

A mid-range dinner for two costs $48.00 in Panama City and $33.00 in Santos. That's a good indicator of the overall restaurant and café pricing gap between the two cities.

A $1,000 monthly budget goes further in Santos, where all-in costs run around $1,132, than in Panama City at $1,837. In Santos it covers expenses comfortably, while in Panama City it requires careful planning or may not stretch far enough.

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

If budget matters most, go with Santos. If higher salaries, better infrastructure, or specific career opportunities are the priority, Panama City makes more sense. Both are solid long-term options with distinct trade-offs.