Last update: Oct 2026

Cost of Living Comparison Between Panama and Montevideo

For one person, living is cheaper in Panama: $1,604 a month against $1,813 in Montevideo, rent and utilities included – about $2,500 less a year. The total is higher in Montevideo despite lower rent and utilities.

77

Cost of Living Index in Panama
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Panama Living Index
86

Cost of Living Index in Montevideo
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Montevideo Living Index

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🇵🇦 Panama

$1,604

/mo nomad

Montevideo

🇺🇾 Uruguay

$1,813

/mo nomad

🙂 Solo nomad: Panama is 23.6% cheaper than Montevideo without rent, and 11.5% cheaper with rent.

🙂 Family of 3: Panama is 21.9% cheaper than Montevideo without rent, and 11.9% cheaper with rent.

Meal at Budget Restaurant

$7.86 PAB 7.86

$15.26 UYU 613

-48.49%

Three-Course Dinner for Two, Mid-Range

$44.75 PAB 44.75

$67.4 UYU 2,711

-33.63%

Fast Food Meal (McDonalds, etc)

$7.89 PAB 7.89

$14.37 UYU 578

-45.09%

Cappuccino

$3.84 PAB 3.84

$4.64 UYU 187

-17.24%

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

$1.59 PAB 1.59

$2.73 UYU 110

-41.76%

Water (0.33 liter bottle)

$1.41 PAB 1.41

$2.09 UYU 84.0

-32.54%

Local Beer (0.5 liter draught)

$2.19 PAB 2.19

$4.75 UYU 191

-53.89%

Imported Beer (0.33 liter bottle)

$4.04 PAB 4.04

$3.67 UYU 147

10.08%

Milk (1 liter)

$1.85 PAB 1.85

$1.38 UYU 55.5

34.06%

White Bread (500g)

$2.32 PAB 2.32

$2.77 UYU 112

-16.25%

Rice (white) (1kg)

$2.99 PAB 2.99

$1.69 UYU 67.8

76.92%

Eggs

$2.48 PAB 2.48

$4.52 UYU 182

-45.13%

Local Cheese (1kg)

$12.28 PAB 12.28

$14.17 UYU 570

-13.34%

Chicken Fillets (1kg)

$6.94 PAB 6.94

$12.07 UYU 485

-42.50%

Beef Round Steak (1kg)

$10.11 PAB 10.11

$12.16 UYU 489

-16.86%

Apples (1kg)

$4.18 PAB 4.18

$2.87 UYU 116

45.64%

Banana (1kg)

$1.48 PAB 1.48

$2.75 UYU 110

-46.18%

Oranges (1kg)

$3.65 PAB 3.65

$1.73 UYU 69.5

110.98%

Tomato (1kg)

$3.73 PAB 3.73

$3.24 UYU 130

15.12%

Potato (1kg)

$2.50 PAB 2.50

$2.07 UYU 83.1

20.77%

Onion (1kg)

$3.29 PAB 3.29

$2.07 UYU 83.1

58.94%

Lettuce (1 head)

$2.34 PAB 2.34

$1.38 UYU 55.4

69.57%

Water (1.5 liter bottle)

$1.57 PAB 1.57

$1.85 UYU 74.5

-15.14%

Cigarettes 20 Pack (Marlboro, Camel)

$6.08 PAB 6.08

$5.57 UYU 224

9.16%

Wine (Bottle)

$9.88 PAB 9.88

$8.89 UYU 357

11.14%

Local Beer (0.5 liter bottle)

$1.39 PAB 1.39

$2.29 UYU 92.2

-39.30%

Imported Beer (0.33 liter bottle)

$2.42 PAB 2.42

$2.70 UYU 109

-10.37%

One-way Ticket (Public Transport)

$0.43 PAB 0.43

$1.52 UYU 61.3

-71.71%

Public Transport Monthly Pass (Regular Price)

$20.96 PAB 20.96

$73.7 UYU 2,962

-71.54%

Taxi Start (Normal Tariff)

$2.43 PAB 2.43

$1.82 UYU 73.4

33.52%

Taxi (Normal Tariff) (1km)

$1.82 PAB 1.82

$0.40 UYU 16.05

355.00%

Taxi 1hour Waiting (Normal Tariff)

$21.79 PAB 21.79

$10.66 UYU 429

104.41%

Gasoline (1 liter)

$1.18 PAB 1.18

$2.22 UYU 89.2

-46.85%

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

$21.5K PAB 21.5K

$26.7K UYU 1.1M

-19.64%

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

$22.2K PAB 22.2K

$36.7K UYU 1.5M

-39.60%

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

$119 PAB 119

$191 UYU 7,674

-37.64%

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

$27.03 PAB 27.03

$20.40 UYU 820

32.50%

Internet (50+ Mbps, Unlimited Data)

$47.70 PAB 47.70

$44.14 UYU 1,775

8.07%

Gym Membership (Monthly)

$48.94 PAB 48.94

$54.1 UYU 2,177

-9.60%

Tennis Court (1 Hour on Weekend)

$30.16 PAB 30.16

$19.68 UYU 791

53.25%

Cinema Ticket

$7.84 PAB 7.84

$12.33 UYU 496

-36.42%

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

$536 PAB 536

$613 UYU 24.7K

-12.63%

International Primary School, 1 Child (Yearly)

$8,069 PAB 8,069

$11.0K UYU 444.3K

-26.97%

Jeans (Levis 501 Or Similar)

$53.5 PAB 53.5

$103 UYU 4,134

-47.97%

Summer Dress (H&M, Zara, etc)

$42.77 PAB 42.77

$56.1 UYU 2,255

-23.72%

Sport Shoes (Adidas, Nike)

$87.4 PAB 87.4

$124 UYU 5,000

-29.72%

Men's Leather Business Shoes

$103 PAB 103

$130 UYU 5,214

-20.30%

1-bedroom Apartment, City Center (Monthly)

$944 PAB 944

$705 UYU 28.4K

33.89%

1-bedroom Apartment, Outside City Center (Monthly)

$697 PAB 697

$575 UYU 23.1K

21.06%

3-bedroom Apartment, City Center (Monthly)

$1,728 PAB 1,728

$1,139 UYU 45.8K

51.74%

3-bedroom Apartment, Outside City Center (Monthly)

$1,262 PAB 1,262

$1,016 UYU 40.8K

24.30%

Buy Apartment in City Center (m2)

$2,941 PAB 2,941

$3,349 UYU 134.6K

-12.16%

Buy Apartment Outside City Center (m2)

$1,673 PAB 1,673

$1,942 UYU 78.1K

-13.84%

Average Monthly Net Salary (After Tax)

$826 PAB 826

$1,229 UYU 49.4K

-32.84%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.37

5.74

10.98%

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

Last update for Panama: October 5, 2026

Last update for Montevideo: October 5, 2026

Monthly budget structure

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

Accommodation & Living

Panama

$697 44%

Montevideo

$575 32.3% 17.4% $121

Groceries & Markets

Panama

$302 19.1%

Montevideo

$332 18.7% 10% $30

Monthly Utilities & Internet

Panama

$194 12.2%

Montevideo

$255 14.3% 31.8% $62

Eating Out

Panama

$164 10.3%

Montevideo

$271 15.2% 65.7% $108

Clothing & Footwear

Panama

$129 8.2%

Montevideo

$186 10.4% 43.9% $57

Sport & Entertainment

Panama

$65 4.1%

Montevideo

$79 4.4% 21.9% $14

Getting Around

Panama

$34 2.2%

Montevideo

$84 4.7% 144% $49

Good to know

🇵🇦 Panama

🇺🇾 Montevideo

🕒 Local time

22:57 10:57 PM

00:57 12:57 AM

2 h ahead of Panama

🌤 Weather

👥 Population

4,098,587

1,319,108 Capital

💱 Currency

Panamanian Balboa PAB B/.

Uruguayan Peso UYU $U

📈 Exchange rate

1 PAB = 1 USD

1 PAB = 0.892 EUR

100 UYU = 2.49 USD

100 UYU = 2.22 EUR

Exchange rates and currency converter

UYU, 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).

Uruguayan Peso exchange rates as of October 10, 2026: 1 USD = 40.21 UYU (100 UYU = 2.49 USD). 1 EUR = 45.1 UYU (100 UYU = 2.22 EUR).

USD to PAB in detail →

On the map

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Between locations

Panama Montevideo 5,460 km ≈ 7 h nonstop flight

From you

Panama
Montevideo

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 vs other spots: cost of living compared

Cost of Living Comparison Between Panama and Montevideo

UYU, USD, EUR to PAB – Panamanian Balboa Converter

City Median Internet Speeds Comparison (Updated April 2026)

Panama

Montevideo

Panama

Montevideo

Panama vs other spots: cost of living compared

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