Last update: Nov 2026

Cost of Living Comparison Between Park City, UT and Panama City

For one person, living is cheaper in Park City, UT: $1,231 a month against $1,972 in Panama City, rent and utilities included – about $8,900 less a year. Higher rent and utilities in Panama City outweigh lower spending on other living expenses.

59

Cost of Living Index in Park City, UT
Learn more

Park City, UT Living Index
95

Cost of Living Index in Panama City
Learn more

Panama City Living Index

Jump to prices

Park City, UT

🇺🇸 United States

$1,231

/mo nomad

Panama City

🇵🇦 Panama

$1,972

/mo nomad

Monthly Cost of Living

How much you'll spend in Park City, UT and in Panama City

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Park City, UT and in Panama City actually costs, broken down by who's living it.

A single person spends $1,231 per month in Park City, UT vs $1,972 in Panama City, rent included.

Park City, UT $1,231
Panama City $1,972

A couple spends around $3,238 per month in Park City, UT vs $2,930 in Panama City, rent included.

Park City, UT $3,238
Panama City $2,930

A family of three spends $5,245 per month in Park City, UT vs $3,888 in Panama City, rent included.

Park City, UT $5,245
Panama City $3,888

Park City, UT is about 38% cheaper than Panama City, and outside of rent the biggest gap is in transport.

Park City, UT sits 9% below the global median, while Panama City is 46% above – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$17.66 $17.66

$11.37 PAB 11.37

55.32%

Three-Course Dinner for Two, Mid-Range

$73.7 $73.7

$46.69 PAB 46.69

57.94%

Fast Food Meal (McDonalds, etc)

$9.86 $9.86

$7.98 PAB 7.98

23.56%

Cappuccino

$4.90 $4.90

$4.12 PAB 4.12

18.93%

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

$2.26 $2.26

$2.01 PAB 2.01

12.44%

Water (0.33 liter bottle)

$1.73 $1.73

$1.57 PAB 1.57

10.19%

Local Beer (0.5 liter draught)

$5.98 $5.98

$3.28 PAB 3.28

82.32%

Imported Beer (0.33 liter bottle)

$6.93 $6.93

$3.88 PAB 3.88

78.61%

Milk (1 liter)

$0.94 $0.94

$1.82 PAB 1.82

-48.35%

White Bread (500g)

$3.92 $3.92

$2.61 PAB 2.61

50.19%

Rice (white) (1kg)

$4.06 $4.06

$3.45 PAB 3.45

17.68%

Eggs

$3.58 $3.58

$2.68 PAB 2.68

33.58%

Local Cheese (1kg)

$6.07 $6.07

$12.42 PAB 12.42

-51.13%

Chicken Fillets (1kg)

$12.23 $12.23

$6.73 PAB 6.73

81.72%

Beef Round Steak (1kg)

$17.21 $17.21

$10.44 PAB 10.44

64.85%

Apples (1kg)

$4.16 $4.16

$4.21 PAB 4.21

-1.19%

Banana (1kg)

$1.44 $1.44

$1.95 PAB 1.95

-26.15%

Oranges (1kg)

$3.63 $3.63

$4.07 PAB 4.07

-10.81%

Tomato (1kg)

$3.94 $3.94

$4.02 PAB 4.02

-1.99%

Potato (1kg)

$2.25 $2.25

$3.46 PAB 3.46

-34.97%

Onion (1kg)

$2.42 $2.42

$4.42 PAB 4.42

-45.25%

Lettuce (1 head)

$1.85 $1.85

$2.43 PAB 2.43

-23.87%

Water (1.5 liter bottle)

$1.96 $1.96

$1.72 PAB 1.72

13.95%

Cigarettes 20 Pack (Marlboro, Camel)

$8.70 $8.70

$6.04 PAB 6.04

44.04%

Wine (Bottle)

$15.07 $15.07

$11.68 PAB 11.68

29.02%

Local Beer (0.5 liter bottle)

$2.62 $2.62

$1.41 PAB 1.41

85.82%

Imported Beer (0.33 liter bottle)

$3.29 $3.29

$2.74 PAB 2.74

20.07%

One-way Ticket (Public Transport)

$0.33 PAB 0.33

Public Transport Monthly Pass (Regular Price)

$20.65 PAB 20.65

Taxi Start (Normal Tariff)

$2.48 $2.48

$2.45 PAB 2.45

1.22%

Taxi (Normal Tariff) (1km)

$2.27 $2.27

$1.76 PAB 1.76

28.98%

Taxi 1hour Waiting (Normal Tariff)

$24.60 $24.60

$21.86 PAB 21.86

12.53%

Gasoline (1 liter)

$1.11 $1.11

$1.20 PAB 1.20

-7.50%

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

$35.2K $35.2K

$24.6K PAB 24.6K

43.19%

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

$25.8K $25.8K

$20.9K PAB 20.9K

23.55%

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

$170 $170

$132 PAB 132

29.09%

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

$51.8 $51.8

$27.89 PAB 27.89

85.69%

Internet (50+ Mbps, Unlimited Data)

$83.4 $83.4

$49.10 PAB 49.10

69.94%

Gym Membership (Monthly)

$75.6 $75.6

$44.53 PAB 44.53

69.71%

Tennis Court (1 Hour on Weekend)

$34.01 PAB 34.01

Cinema Ticket

$15.15 $15.15

$8.70 PAB 8.70

74.14%

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

$1,336 $1,336

$537 PAB 537

148.91%

International Primary School, 1 Child (Yearly)

$26.6K $26.6K

$20.5K PAB 20.5K

29.59%

Jeans (Levis 501 Or Similar)

$71.5 $71.5

$65.8 PAB 65.8

8.69%

Summer Dress (H&M, Zara, etc)

$45.99 $45.99

$48.45 PAB 48.45

-5.08%

Sport Shoes (Adidas, Nike)

$109 $109

$95.4 PAB 95.4

13.94%

Men's Leather Business Shoes

$109 $109

$114 PAB 114

-3.92%

1-bedroom Apartment, City Center (Monthly)

$1,405 PAB 1,405

1-bedroom Apartment, Outside City Center (Monthly)

$994 PAB 994

3-bedroom Apartment, City Center (Monthly)

$3,040 $3,040

$2,221 PAB 2,221

36.86%

3-bedroom Apartment, Outside City Center (Monthly)

$2,529 $2,529

$1,714 PAB 1,714

47.58%

Buy Apartment in City Center (m2)

$6,348 $6,348

$3,139 PAB 3,139

102.23%

Buy Apartment Outside City Center (m2)

$6,185 $6,185

$1,724 PAB 1,724

258.80%

Average Monthly Net Salary (After Tax)

$7,915 $7,915

$936 PAB 936

745.68%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.46

6.39

1.10%

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

Last update for Park City, UT: November 1, 2026

Last update for Panama City: November 3, 2026

Monthly budget structure

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

Groceries & Markets

Park City, UT

$366 29.7%

Panama City

$326 16.5% 11% $40

Monthly Utilities & Internet

Park City, UT

$305 24.8%

Panama City

$209 10.6% 31.6% $97

Eating Out

Park City, UT

$289 23.5%

Panama City

$203 10.3% 29.9% $86

Clothing & Footwear

Park City, UT

$151 12.3%

Panama City

$145 7.4% 3.6% $5.4

Sport & Entertainment

Park City, UT

$106 8.6%

Panama City

$62 3.1% 41.5% $44

Getting Around

Park City, UT

$14 * 1.1%

Panama City

$33 1.7% 141% $19

Accommodation & Living

Park City, UT

- * 0%

Panama City

$994 50.4%

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

Cost Breakdown

Salaries in Park City, UT are about 8.5 times higher, which reinforces the cost advantage – you earn more and spend less. Purchasing power leans clearly in its favor.

A mid-range dinner for two costs $74 in Park City, UT versus $47 in Panama City. Monthly groceries follow the same trend: $366 vs $326 – making Panama City the more affordable choice for daily food spending.

Good to know

🇺🇸 Park City, UT

🇵🇦 Panama City

🕒 Local time

12:55 12:55 PM

14:55 2:55 PM

2 h ahead of Park City, UT

🌤 Weather

👥 Population

8,500

1,086,990 Capital

💱 Currency

United States Dollar USD $

Panamanian Balboa PAB B/.

📈 Exchange rate

1 USD = 0.895 EUR

1 PAB = 1 USD

1 PAB = 0.895 EUR

Exchange rates and currency converter

PAB, EUR to USD – United States Dollar Converter

🇵🇦 Panamanian Balboa (B/.)

🇺🇸 United States Dollar ($)

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

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).

PAB to USD in detail →

On the map

Lowest

Highest

Between locations

Park City, UT Panama City 4,720 km ≈ 6 h nonstop flight

From you

Park City, UT
Panama City

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

Park City, UT vs Panama City: Cost of Living - Frequently Asked Questions

Yes – Panama City is pricier by about 60%, and outside of rent the gap shows up most in transport.

For a comfortable life, plan on about $1,847 per month in Park City, UT and $2,958 in Panama City. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Monthly expenses with rent come to $1,231 in Park City, UT and $1,972 in Panama City. That makes Park City, UT about 38% cheaper.

Kindergarten costs $1,336 per month in Park City, UT and $537 in Panama City. For families with young kids, this one expense can tip the scales when choosing between the two cities.

It depends on your priorities. Panama City has an edge in some lifestyle areas, with costs from $1,231 in Park City, UT to $1,972 in Panama City. Climate, culture, job market, and personal taste all factor in.