Last update: Nov 2026

Cost of Living Comparison Between Panama City and Spanish Fork, UT

For one person, living is cheaper in Panama City: $1,972 a month against $2,226 in Spanish Fork, UT, rent and utilities included – about $3,000 less a year. Rent and utilities account for most of the difference.

95

Cost of Living Index in Panama City
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Panama City Living Index
107

Cost of Living Index in Spanish Fork, UT
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Spanish Fork, UT Living Index

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Panama City

🇵🇦 Panama

$1,972

/mo nomad

Spanish Fork, UT

🇺🇸 United States

$2,226

/mo nomad

Monthly Cost of Living

How much you'll spend in Panama City and in Spanish Fork, 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 Spanish Fork, UT actually costs, broken down by who's living it.

A single person spends $1,972 per month in Panama City vs $2,226 in Spanish Fork, UT, rent included.

Panama City $1,972
Spanish Fork, UT $2,226

A couple spends around $2,930 per month in Panama City vs $3,139 in Spanish Fork, UT, rent included.

Panama City $2,930
Spanish Fork, UT $3,139

A family of three spends $3,888 per month in Panama City vs $4,052 in Spanish Fork, UT, rent included.

Panama City $3,888
Spanish Fork, UT $4,052

Panama City is about 11% cheaper than Spanish Fork, UT, and outside of rent the biggest gap is in eating out.

Both Panama City and Spanish Fork, UT sit above the global median – Panama City by 46%, Spanish Fork, UT by 65%.

Meal at Budget Restaurant

$11.37 PAB 11.37

$18.12 $18.12

-37.25%

Three-Course Dinner for Two, Mid-Range

$46.69 PAB 46.69

$72.3 $72.3

-35.43%

Fast Food Meal (McDonalds, etc)

$7.98 PAB 7.98

$9.85 $9.85

-18.98%

Cappuccino

$4.12 PAB 4.12

$5.03 $5.03

-18.09%

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

$2.01 PAB 2.01

$2.28 $2.28

-11.84%

Water (0.33 liter bottle)

$1.57 PAB 1.57

$1.73 $1.73

-9.25%

Local Beer (0.5 liter draught)

$3.28 PAB 3.28

$5.85 $5.85

-43.93%

Imported Beer (0.33 liter bottle)

$3.88 PAB 3.88

$5.13 $5.13

-24.37%

Milk (1 liter)

$1.82 PAB 1.82

$0.69 $0.69

163.77%

White Bread (500g)

$2.61 PAB 2.61

$2.16 $2.16

20.83%

Rice (white) (1kg)

$3.45 PAB 3.45

$2.53 $2.53

36.36%

Eggs

$2.68 PAB 2.68

$2.04 $2.04

31.37%

Local Cheese (1kg)

$12.42 PAB 12.42

$8.58 $8.58

44.76%

Chicken Fillets (1kg)

$6.73 PAB 6.73

$6.71 $6.71

0.30%

Beef Round Steak (1kg)

$10.44 PAB 10.44

$13.03 $13.03

-19.88%

Apples (1kg)

$4.21 PAB 4.21

$4.16 $4.16

1.20%

Banana (1kg)

$1.95 PAB 1.95

$1.24 $1.24

57.26%

Oranges (1kg)

$4.07 PAB 4.07

$2.22 $2.22

83.33%

Tomato (1kg)

$4.02 PAB 4.02

$2.55 $2.55

57.65%

Potato (1kg)

$3.46 PAB 3.46

$0.96 $0.96

260.42%

Onion (1kg)

$4.42 PAB 4.42

$1.98 $1.98

123.23%

Lettuce (1 head)

$2.43 PAB 2.43

$1.52 $1.52

59.87%

Water (1.5 liter bottle)

$1.72 PAB 1.72

$1.04 $1.04

65.38%

Cigarettes 20 Pack (Marlboro, Camel)

$6.04 PAB 6.04

$7.54 $7.54

-19.89%

Wine (Bottle)

$11.68 PAB 11.68

$14.98 $14.98

-22.03%

Local Beer (0.5 liter bottle)

$1.41 PAB 1.41

$1.51 $1.51

-6.62%

Imported Beer (0.33 liter bottle)

$2.74 PAB 2.74

$2.26 $2.26

21.24%

One-way Ticket (Public Transport)

$0.33 PAB 0.33

$1.95 $1.95

-83.08%

Public Transport Monthly Pass (Regular Price)

$20.65 PAB 20.65

$60.9 $60.9

-66.08%

Taxi Start (Normal Tariff)

$2.45 PAB 2.45

$2.54 $2.54

-3.54%

Taxi (Normal Tariff) (1km)

$1.76 PAB 1.76

$1.04 $1.04

69.23%

Taxi 1hour Waiting (Normal Tariff)

$21.86 PAB 21.86

$24.70 $24.70

-11.50%

Gasoline (1 liter)

$1.20 PAB 1.20

$1.15 $1.15

4.35%

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

$24.6K PAB 24.6K

$34.7K $34.7K

-29.27%

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

$20.9K PAB 20.9K

$25.8K $25.8K

-18.98%

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

$132 PAB 132

$194 $194

-32.00%

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

$27.89 PAB 27.89

$27.23 $27.23

2.42%

Internet (50+ Mbps, Unlimited Data)

$49.10 PAB 49.10

$48.02 $48.02

2.25%

Gym Membership (Monthly)

$44.53 PAB 44.53

$39.71 $39.71

12.14%

Tennis Court (1 Hour on Weekend)

$34.01 PAB 34.01

Cinema Ticket

$8.70 PAB 8.70

$8.76 $8.76

-0.68%

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

$537 PAB 537

$1,257 $1,257

-57.29%

International Primary School, 1 Child (Yearly)

$20.5K PAB 20.5K

$12.3K $12.3K

66.24%

Jeans (Levis 501 Or Similar)

$65.8 PAB 65.8

$41.78 $41.78

57.49%

Summer Dress (H&M, Zara, etc)

$48.45 PAB 48.45

$29.12 $29.12

66.38%

Sport Shoes (Adidas, Nike)

$95.4 PAB 95.4

$47.06 $47.06

102.74%

Men's Leather Business Shoes

$114 PAB 114

$79.4 $79.4

43.12%

1-bedroom Apartment, City Center (Monthly)

$1,405 PAB 1,405

$1,609 $1,609

-12.66%

1-bedroom Apartment, Outside City Center (Monthly)

$994 PAB 994

$1,181 $1,181

-15.86%

3-bedroom Apartment, City Center (Monthly)

$2,221 PAB 2,221

$1,880 $1,880

18.12%

3-bedroom Apartment, Outside City Center (Monthly)

$1,714 PAB 1,714

$1,742 $1,742

-1.63%

Buy Apartment in City Center (m2)

$3,139 PAB 3,139

$2,607 $2,607

20.39%

Buy Apartment Outside City Center (m2)

$1,724 PAB 1,724

$2,016 $2,016

-14.51%

Average Monthly Net Salary (After Tax)

$936 PAB 936

$3,480 $3,480

-73.11%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.39

5.64

13.30%

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

Last update for Panama City: November 3, 2026

Last update for Spanish Fork, UT: November 1, 2026

Monthly budget structure

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

Accommodation & Living

Panama City

$994 50.4%

Spanish Fork, UT

$1.2K 53.1% 18.8% $187

Groceries & Markets

Panama City

$326 16.5%

Spanish Fork, UT

$262 11.8% 19.4% $63

Monthly Utilities & Internet

Panama City

$209 10.6%

Spanish Fork, UT

$269 12.1% 28.9% $60

Eating Out

Panama City

$203 10.3%

Spanish Fork, UT

$290 13.1% 43.1% $88

Clothing & Footwear

Panama City

$145 7.4%

Spanish Fork, UT

$89 4% 39% $57

Sport & Entertainment

Panama City

$62 3.1%

Spanish Fork, UT

$57 2.6% 7.6% $4.7

Getting Around

Panama City

$33 1.7%

Spanish Fork, UT

$76 3.4% 130% $43

Cost Breakdown

A central one-bedroom costs $1,405 in Panama City versus $1,609 in Spanish Fork, UT. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

Salaries in Spanish Fork, UT are about 3.7 times higher. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $47 in Panama City versus $72 in Spanish Fork, UT. Groceries tell a different story – $326 in Panama City vs $262 in Spanish Fork, UT – so Spanish Fork, UT wins on supermarket bills even if dining out costs more.

Good to know

🇵🇦 Panama City

🇺🇸 Spanish Fork, UT

🕒 Local time

15:30 3:30 PM

13:30 1:30 PM

2 h behind Panama City

🌤 Weather

👥 Population

1,086,990 Capital

42,602

💱 Currency

Panamanian Balboa PAB B/.

United States Dollar USD $

📈 Exchange rate

1 PAB = 1 USD

1 PAB = 0.895 EUR

1 USD = 0.895 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 = 0.895 EUR).

United States Dollar exchange rates as of November 6, 2026: 1 EUR = 1.12 USD (1 USD = 0.895 EUR).

USD to PAB in detail →

On the map

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Highest

Between locations

Panama City Spanish Fork, UT 4,700 km ≈ 6 h nonstop flight

From you

Panama City
Spanish Fork, 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 Spanish Fork, UT: Cost of Living - Frequently Asked Questions

Yes – Spanish Fork, UT is pricier by about 13%, and outside of rent the gap shows up most in eating out.

For a comfortable life, plan on about $2,958 per month in Panama City and $3,339 in Spanish Fork, 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 $1,609 in Spanish Fork, UT.

Interestingly, groceries are about 19% cheaper in Spanish Fork, UT – one category where the pricier city actually offers better value.

A mid-range dinner for two costs $47 in Panama City and $72 in Spanish Fork, UT. That’s a good indicator of the overall restaurant and café pricing gap between the two cities.

$2,500 covers both cities comfortably – all-in costs are $1,972 in Panama City and $2,226 in Spanish Fork, UT, leaving budget for savings and extras in both cases.

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.

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