Last update: Oct 2026

Cost of Living Comparison Between Panama City and Thousand Oaks, CA

For one person, living is cheaper in Panama City: $1,837 a month against $3,845 in Thousand Oaks, CA, rent and utilities included – about $24,100 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
186

Cost of Living Index in Thousand Oaks, CA
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Thousand Oaks, CA Living Index

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Panama City

🇵🇦 Panama

$1,837

/mo nomad

Thousand Oaks, CA

🇺🇸 United States

$3,845

/mo nomad

Monthly Cost of Living

How much you'll spend in Panama City and in Thousand Oaks, CA

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 Thousand Oaks, CA actually costs, broken down by who's living it.

A single person spends $1,837 per month in Panama City vs $3,845 in Thousand Oaks, CA, rent included.

Panama City $1,837
Thousand Oaks, CA $3,845

A couple spends around $2,825 per month in Panama City vs $5,209 in Thousand Oaks, CA, rent included.

Panama City $2,825
Thousand Oaks, CA $5,209

A family of three spends $3,812 per month in Panama City vs $6,573 in Thousand Oaks, CA, rent included.

Panama City $3,812
Thousand Oaks, CA $6,573

Panama City is about 52% cheaper than Thousand Oaks, CA, and outside of rent the biggest gap is in eating out.

Both Panama City and Thousand Oaks, CA sit above the global median – Panama City by 37%, Thousand Oaks, CA by 187%.

Meal at Budget Restaurant

$11.34 PAB 11.34

$25.09 $25.09

-54.80%

Three-Course Dinner for Two, Mid-Range

$47.85 PAB 47.85

$98.3 $98.3

-51.31%

Fast Food Meal (McDonalds, etc)

$8.07 PAB 8.07

$9.00 $9.00

-10.33%

Cappuccino

$4.02 PAB 4.02

$5.63 $5.63

-28.60%

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

$1.94 PAB 1.94

$2.81 $2.81

-30.96%

Water (0.33 liter bottle)

$1.62 PAB 1.62

$2.03 $2.03

-20.20%

Local Beer (0.5 liter draught)

$3.26 PAB 3.26

$7.97 $7.97

-59.10%

Imported Beer (0.33 liter bottle)

$3.99 PAB 3.99

$9.38 $9.38

-57.46%

Milk (1 liter)

$1.83 PAB 1.83

$1.19 $1.19

53.78%

White Bread (500g)

$2.57 PAB 2.57

$3.98 $3.98

-35.43%

Rice (white) (1kg)

$3.33 PAB 3.33

$3.58 $3.58

-6.98%

Eggs

$2.69 PAB 2.69

$5.15 $5.15

-47.77%

Local Cheese (1kg)

$12.33 PAB 12.33

$12.54 $12.54

-1.67%

Chicken Fillets (1kg)

$6.69 PAB 6.69

$20.47 $20.47

-67.32%

Beef Round Steak (1kg)

$10.40 PAB 10.40

$22.65 $22.65

-54.08%

Apples (1kg)

$4.16 PAB 4.16

$5.37 $5.37

-22.53%

Banana (1kg)

$1.84 PAB 1.84

$1.79 $1.79

2.79%

Oranges (1kg)

$4.18 PAB 4.18

$4.80 $4.80

-12.92%

Tomato (1kg)

$4.08 PAB 4.08

$5.79 $5.79

-29.53%

Potato (1kg)

$3.50 PAB 3.50

$3.62 $3.62

-3.31%

Onion (1kg)

$4.37 PAB 4.37

$2.76 $2.76

58.33%

Lettuce (1 head)

$2.34 PAB 2.34

$1.62 $1.62

44.44%

Water (1.5 liter bottle)

$1.75 PAB 1.75

$2.27 $2.27

-22.91%

Cigarettes 20 Pack (Marlboro, Camel)

$6.06 PAB 6.06

$10.17 $10.17

-40.41%

Wine (Bottle)

$11.72 PAB 11.72

$15.18 $15.18

-22.79%

Local Beer (0.5 liter bottle)

$1.37 PAB 1.37

$1.68 $1.68

-18.45%

Imported Beer (0.33 liter bottle)

$2.84 PAB 2.84

$1.54 $1.54

84.42%

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

$4.43 $4.43

-43.12%

Taxi (Normal Tariff) (1km)

$1.79 PAB 1.79

$1.91 $1.91

-6.28%

Taxi 1hour Waiting (Normal Tariff)

$22.01 PAB 22.01

$36.32 $36.32

-39.40%

Gasoline (1 liter)

$1.25 PAB 1.25

$1.48 $1.48

-15.54%

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

$21.5K PAB 21.5K

$37.5K $37.5K

-42.51%

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

$21.2K PAB 21.2K

$25.7K $25.7K

-17.54%

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

$131 PAB 131

$161 $161

-18.73%

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

$27.68 PAB 27.68

$47.91 $47.91

-42.23%

Internet (50+ Mbps, Unlimited Data)

$48.59 PAB 48.59

$69.7 $69.7

-30.33%

Gym Membership (Monthly)

$46.11 PAB 46.11

$66.1 $66.1

-30.27%

Tennis Court (1 Hour on Weekend)

$35.01 PAB 35.01

$22.11 $22.11

58.34%

Cinema Ticket

$8.73 PAB 8.73

$12.12 $12.12

-27.97%

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

$551 PAB 551

$1,718 $1,718

-67.96%

International Primary School, 1 Child (Yearly)

$9,560 PAB 9,560

$42.2K $42.2K

-77.37%

Jeans (Levis 501 Or Similar)

$67.6 PAB 67.6

$49.05 $49.05

37.84%

Summer Dress (H&M, Zara, etc)

$48.03 PAB 48.03

$29.43 $29.43

63.20%

Sport Shoes (Adidas, Nike)

$94.9 PAB 94.9

$79.1 $79.1

19.99%

Men's Leather Business Shoes

$113 PAB 113

$121 $121

-6.30%

1-bedroom Apartment, City Center (Monthly)

$1,238 PAB 1,238

$2,625 $2,625

-52.85%

1-bedroom Apartment, Outside City Center (Monthly)

$873 PAB 873

$2,493 $2,493

-64.98%

3-bedroom Apartment, City Center (Monthly)

$2,197 PAB 2,197

$3,748 $3,748

-41.39%

3-bedroom Apartment, Outside City Center (Monthly)

$1,538 PAB 1,538

$3,457 $3,457

-55.50%

Buy Apartment in City Center (m2)

$3,116 PAB 3,116

$5,777 $5,777

-46.06%

Buy Apartment Outside City Center (m2)

$1,725 PAB 1,725

$5,858 $5,858

-70.56%

Average Monthly Net Salary (After Tax)

$934 PAB 934

$5,925 $5,925

-84.23%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.39

6.64

-3.77%

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

Last update for Panama City: October 3, 2026

Last update for Thousand Oaks, CA: October 3, 2026

Monthly budget structure

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

Accommodation & Living

Panama City

$873 47.2%

Thousand Oaks, CA

$2.5K 64.8% 186% $1.6K

Groceries & Markets

Panama City

$324 17.5%

Thousand Oaks, CA

$472 12.3% 45.6% $148

Monthly Utilities & Internet

Panama City

$207 11.2%

Thousand Oaks, CA

$279 7.3% 34.5% $72

Eating Out

Panama City

$202 10.9%

Thousand Oaks, CA

$373 9.7% 85% $172

Clothing & Footwear

Panama City

$146 7.9%

Thousand Oaks, CA

$125 3.3% 14% $20

Sport & Entertainment

Panama City

$64 3.4%

Thousand Oaks, CA

$90 2.4% 42.2% $27

Getting Around

Panama City

$34 1.8%

Thousand Oaks, CA

$14 * 0.4% 58.8% $20

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 $2,625 in Thousand Oaks, CA. 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 534% higher in Thousand Oaks, CA, 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 $98.0 in Thousand Oaks, CA. Monthly groceries follow the same trend: $324 vs $472 – making Panama City the more affordable choice for daily food spending.

Good to know

🇵🇦 Panama City

🇺🇸 Thousand Oaks, CA

🕒 Local time

07:17 7:17 AM

05:17 5:17 AM

2 h behind Panama City

🌤 Weather

👥 Population

1,086,990 Capital

124,207

💱 Currency

Panamanian Balboa PAB B/.

United States Dollar USD $

📈 Exchange rate

1 PAB = 1 USD

1 PAB = 0.892 EUR

1 USD = 0.892 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 October 12, 2026: 1 USD = 1 PAB (1 PAB = 1 USD). 1 EUR = 1.12 PAB (1 PAB = 0.892 EUR).

United States Dollar exchange rates as of October 12, 2026: 1 EUR = 1.12 USD (1 USD = 0.892 EUR).

USD to PAB in detail →

On the map

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Between locations

Panama City Thousand Oaks, CA 4,890 km ≈ 7 h nonstop flight

From you

Panama City
Thousand Oaks, CA

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 Thousand Oaks, CA: Cost of Living - Frequently Asked Questions

Yes – Thousand Oaks, CA is pricier by about 109%, 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 $5,768 in Thousand Oaks, CA. 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 $3,845 in Thousand Oaks, CA. That's a gap of about 109%.

Kindergarten costs $551 per month in Panama City and $1,718 in Thousand Oaks, CA. 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 Thousand Oaks, CA at $3,845. In Panama City it covers expenses comfortably, while in Thousand Oaks, CA 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, Thousand Oaks, CA makes more sense. Both are solid long-term options with distinct trade-offs.