Last update: Oct 2026

Cost of Living Comparison Between Panama City and Tracy, CA

For one person, living is cheaper in Panama City: $1,855 a month against $2,327 in Tracy, CA, rent and utilities included – about $5,700 less a year. Other living expenses account for most of the difference.

90

Cost of Living Index in Panama City
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Panama City Living Index
114

Cost of Living Index in Tracy, CA
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Tracy, CA Living Index

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Panama City

🇵🇦 Panama

$1,855

/mo nomad

Tracy, CA

🇺🇸 United States

$2,327

/mo nomad

Monthly Cost of Living

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

A single person spends $1,855 per month in Panama City vs $2,327 in Tracy, CA, rent included.

Panama City $1,855
Tracy, CA $2,327

A couple spends around $2,804 per month in Panama City vs $2,585 in Tracy, CA, rent included.

Panama City $2,804
Tracy, CA $2,585

A family of three spends $3,753 per month in Panama City vs $2,843 in Tracy, CA, rent included.

Panama City $3,753
Tracy, CA $2,843

Panama City is about 20% cheaper than Tracy, CA, and outside of rent the biggest gap is in eating out.

Both Panama City and Tracy, CA sit above the global median – Panama City by 37%, Tracy, CA by 72%.

Meal at Budget Restaurant

$11.63 PAB 11.63

$19.75 $19.75

-41.11%

Three-Course Dinner for Two, Mid-Range

$47.92 PAB 47.92

$50.9 $50.9

-5.84%

Fast Food Meal (McDonalds, etc)

$7.96 PAB 7.96

$10.10 $10.10

-21.19%

Cappuccino

$4.22 PAB 4.22

$4.52 $4.52

-6.64%

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

$2.01 PAB 2.01

$3.12 $3.12

-35.58%

Water (0.33 liter bottle)

$1.56 PAB 1.56

$1.81 $1.81

-13.81%

Local Beer (0.5 liter draught)

$3.39 PAB 3.39

$6.10 $6.10

-44.43%

Imported Beer (0.33 liter bottle)

$3.94 PAB 3.94

$7.44 $7.44

-47.04%

Milk (1 liter)

$1.85 PAB 1.85

$1.34 $1.34

38.06%

White Bread (500g)

$2.56 PAB 2.56

$4.19 $4.19

-38.90%

Rice (white) (1kg)

$3.48 PAB 3.48

$5.50 $5.50

-36.73%

Eggs

$2.69 PAB 2.69

$3.42 $3.42

-21.35%

Local Cheese (1kg)

$12.57 PAB 12.57

$16.30 $16.30

-22.88%

Chicken Fillets (1kg)

$6.83 PAB 6.83

$11.11 $11.11

-38.52%

Beef Round Steak (1kg)

$10.58 PAB 10.58

$15.47 $15.47

-31.61%

Apples (1kg)

$4.18 PAB 4.18

$4.45 $4.45

-6.07%

Banana (1kg)

$1.83 PAB 1.83

$2.26 $2.26

-19.03%

Oranges (1kg)

$4.20 PAB 4.20

$4.36 $4.36

-3.67%

Tomato (1kg)

$4.03 PAB 4.03

$4.36 $4.36

-7.57%

Potato (1kg)

$3.48 PAB 3.48

$2.21 $2.21

57.47%

Onion (1kg)

$4.22 PAB 4.22

$3.23 $3.23

30.65%

Lettuce (1 head)

$2.41 PAB 2.41

$2.04 $2.04

18.14%

Water (1.5 liter bottle)

$1.69 PAB 1.69

$2.01 $2.01

-15.92%

Cigarettes 20 Pack (Marlboro, Camel)

$6.14 PAB 6.14

$11.91 $11.91

-48.45%

Wine (Bottle)

$11.30 PAB 11.30

$13.06 $13.06

-13.48%

Local Beer (0.5 liter bottle)

$1.42 PAB 1.42

$2.10 $2.10

-32.38%

Imported Beer (0.33 liter bottle)

$2.73 PAB 2.73

$2.75 $2.75

-0.73%

One-way Ticket (Public Transport)

$0.33 PAB 0.33

Public Transport Monthly Pass (Regular Price)

$21.23 PAB 21.23

$64.6 $64.6

-67.15%

Taxi Start (Normal Tariff)

$2.52 PAB 2.52

$2.44 $2.44

3.28%

Taxi (Normal Tariff) (1km)

$1.86 PAB 1.86

$1.85 $1.85

0.54%

Taxi 1hour Waiting (Normal Tariff)

$21.78 PAB 21.78

$29.48 $29.48

-26.12%

Gasoline (1 liter)

$1.25 PAB 1.25

$1.45 $1.45

-13.79%

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

$21.2K PAB 21.2K

$37.3K $37.3K

-43.05%

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

$21.0K PAB 21.0K

$25.8K $25.8K

-18.61%

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

$130 PAB 130

$179 $179

-27.39%

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

$28.13 PAB 28.13

$50.6 $50.6

-44.35%

Internet (50+ Mbps, Unlimited Data)

$48.21 PAB 48.21

$75.7 $75.7

-36.34%

Gym Membership (Monthly)

$45.78 PAB 45.78

Tennis Court (1 Hour on Weekend)

$34.92 PAB 34.92

Cinema Ticket

$8.67 PAB 8.67

$14.93 $14.93

-41.93%

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

$544 PAB 544

$2,471 $2,471

-77.98%

International Primary School, 1 Child (Yearly)

$9,697 PAB 9,697

$35.4K $35.4K

-72.62%

Jeans (Levis 501 Or Similar)

$66.8 PAB 66.8

$71.4 $71.4

-6.51%

Summer Dress (H&M, Zara, etc)

$49.14 PAB 49.14

$72.0 $72.0

-31.72%

Sport Shoes (Adidas, Nike)

$93.9 PAB 93.9

$95.8 $95.8

-2.04%

Men's Leather Business Shoes

$112 PAB 112

$233 $233

-52.11%

1-bedroom Apartment, City Center (Monthly)

$1,257 PAB 1,257

$1,775 $1,775

-29.17%

1-bedroom Apartment, Outside City Center (Monthly)

$875 PAB 875

$991 $991

-11.73%

3-bedroom Apartment, City Center (Monthly)

$2,155 PAB 2,155

3-bedroom Apartment, Outside City Center (Monthly)

$1,564 PAB 1,564

Buy Apartment in City Center (m2)

$3,122 PAB 3,122

$3,758 $3,758

-16.91%

Buy Apartment Outside City Center (m2)

$1,709 PAB 1,709

Average Monthly Net Salary (After Tax)

$916 PAB 916

$5,739 $5,739

-84.04%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.39

6.62

-3.47%

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

Last update for Panama City: October 10, 2026

Last update for Tracy, CA: October 12, 2026

Monthly budget structure

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

Accommodation & Living

Panama City

$875 47.2%

Tracy, CA

$991 42.6% 13.3% $116

Groceries & Markets

Panama City

$325 17.5%

Tracy, CA

$404 17.4% 24.4% $79

Eating Out

Panama City

$207 11.1%

Tracy, CA

$308 13.2% 48.9% $101

Monthly Utilities & Internet

Panama City

$206 11.1%

Tracy, CA

$305 13.1% 48% $99

Clothing & Footwear

Panama City

$145 7.8%

Tracy, CA

$212 9.1% 46.9% $68

Sport & Entertainment

Panama City

$63 3.4%

Tracy, CA

$30 * 1.3% 52.7% $33

Getting Around

Panama City

$34 1.9%

Tracy, CA

$76 * 3.3% 122% $42

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

Cost Breakdown

A central one-bedroom costs $1,257 in Panama City versus $1,775 in Tracy, 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 527% higher in Tracy, 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 $51.0 in Tracy, CA. Monthly groceries follow the same trend: $325 vs $404 – making Panama City the more affordable choice for daily food spending.

Good to know

🇵🇦 Panama City

🇺🇸 Tracy, CA

🕒 Local time

10:12 10:12 AM

08:12 8:12 AM

2 h behind Panama City

🌤 Weather

👥 Population

1,086,990 Capital

98,337

💱 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 October 19, 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 October 19, 2026: 1 EUR = 1.12 USD (1 USD = 0.89 EUR).

USD to PAB in detail →

On the map

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Between locations

Panama City Tracy, CA 5,270 km ≈ 7 h nonstop flight

From you

Panama City
Tracy, 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 Tracy, CA: Cost of Living - Frequently Asked Questions

Yes – Tracy, CA is pricier by about 25%, and outside of rent the gap shows up most in eating out.

For a comfortable life, plan on about $2,783 per month in Panama City and $3,490 in Tracy, 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.

Groceries cost about 24% more in Tracy, CA, 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 $51.0 in Tracy, CA. 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 $1,855, than in Tracy, CA at $2,327. In Panama City it covers expenses comfortably, while in Tracy, 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.

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