Last update: Oct 2026

Cost of Living Comparison Between Pembroke and Panama City

For one person, living is cheaper in Panama City: $1,837 a month against $2,355 in Pembroke, rent and utilities included – about $6,200 less a year. The total is higher in Pembroke despite lower rent and utilities.

115

Cost of Living Index in Pembroke
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Pembroke Living Index
90

Cost of Living Index in Panama City
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Panama City Living Index

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Pembroke

🇧🇲 Bermuda

$2,355

/mo nomad

Panama City

🇵🇦 Panama

$1,837

/mo nomad

Monthly Cost of Living

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

A single person spends $2,355 per month in Pembroke vs $1,837 in Panama City, rent included.

Pembroke $2,355
Panama City $1,837

A couple spends around $3,881 per month in Pembroke vs $2,825 in Panama City, rent included.

Pembroke $3,881
Panama City $2,825

A family of three spends $5,406 per month in Pembroke vs $3,812 in Panama City, rent included.

Pembroke $5,406
Panama City $3,812

Pembroke costs about 28% more than Panama City, and outside of rent the biggest gap is in groceries.

Both Pembroke and Panama City sit above the global median – Pembroke by 76%, Panama City by 37%.

Meal at Budget Restaurant

$50.6 BMD 50.6

$11.34 PAB 11.34

345.94%

Three-Course Dinner for Two, Mid-Range

$151 BMD 151

$47.85 PAB 47.85

215.72%

Fast Food Meal (McDonalds, etc)

$16.82 BMD 16.82

$8.07 PAB 8.07

108.43%

Cappuccino

$4.45 BMD 4.45

$4.02 PAB 4.02

10.70%

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

$2.98 BMD 2.98

$1.94 PAB 1.94

53.61%

Water (0.33 liter bottle)

$3.18 BMD 3.18

$1.62 PAB 1.62

96.30%

Local Beer (0.5 liter draught)

$7.66 BMD 7.66

$3.26 PAB 3.26

134.97%

Imported Beer (0.33 liter bottle)

$9.09 BMD 9.09

$3.99 PAB 3.99

127.82%

Milk (1 liter)

$4.82 BMD 4.82

$1.83 PAB 1.83

163.39%

White Bread (500g)

$7.95 BMD 7.95

$2.57 PAB 2.57

209.34%

Rice (white) (1kg)

$5.57 BMD 5.57

$3.33 PAB 3.33

67.27%

Eggs

$7.35 BMD 7.35

$2.69 PAB 2.69

173.23%

Local Cheese (1kg)

$23.15 BMD 23.15

$12.33 PAB 12.33

87.75%

Chicken Fillets (1kg)

$21.62 BMD 21.62

$6.69 PAB 6.69

223.17%

Beef Round Steak (1kg)

$19.72 BMD 19.72

$10.40 PAB 10.40

89.62%

Apples (1kg)

$8.94 BMD 8.94

$4.16 PAB 4.16

114.90%

Banana (1kg)

$6.69 BMD 6.69

$1.84 PAB 1.84

263.59%

Oranges (1kg)

$7.01 BMD 7.01

$4.18 PAB 4.18

67.70%

Tomato (1kg)

$8.56 BMD 8.56

$4.08 PAB 4.08

109.80%

Potato (1kg)

$5.81 BMD 5.81

$3.50 PAB 3.50

66.00%

Onion (1kg)

$4.12 BMD 4.12

$4.37 PAB 4.37

-5.72%

Lettuce (1 head)

$6.22 BMD 6.22

$2.34 PAB 2.34

165.81%

Water (1.5 liter bottle)

$3.56 BMD 3.56

$1.75 PAB 1.75

103.43%

Cigarettes 20 Pack (Marlboro, Camel)

$17.84 BMD 17.84

$6.06 PAB 6.06

194.39%

Wine (Bottle)

$24.41 BMD 24.41

$11.72 PAB 11.72

108.28%

Local Beer (0.5 liter bottle)

$5.32 BMD 5.32

$1.37 PAB 1.37

288.32%

Imported Beer (0.33 liter bottle)

$4.27 BMD 4.27

$2.84 PAB 2.84

50.35%

One-way Ticket (Public Transport)

$0.36 PAB 0.36

Public Transport Monthly Pass (Regular Price)

$129 BMD 129

$20.96 PAB 20.96

514.41%

Taxi Start (Normal Tariff)

$6.69 BMD 6.69

$2.52 PAB 2.52

165.48%

Taxi (Normal Tariff) (1km)

$2.43 BMD 2.43

$1.79 PAB 1.79

35.75%

Taxi 1hour Waiting (Normal Tariff)

$69.1 BMD 69.1

$22.01 PAB 22.01

213.99%

Gasoline (1 liter)

$2.42 BMD 2.42

$1.25 PAB 1.25

93.60%

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

$36.8K BMD 36.8K

$21.5K PAB 21.5K

70.86%

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

$43.5K BMD 43.5K

$21.2K PAB 21.2K

105.35%

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

$286 BMD 286

$131 PAB 131

117.75%

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

$151 BMD 151

$27.68 PAB 27.68

443.71%

Internet (50+ Mbps, Unlimited Data)

$161 BMD 161

$48.59 PAB 48.59

230.93%

Gym Membership (Monthly)

$80.2 BMD 80.2

$46.11 PAB 46.11

73.95%

Tennis Court (1 Hour on Weekend)

$35.01 PAB 35.01

Cinema Ticket

$13.32 BMD 13.32

$8.73 PAB 8.73

52.58%

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

$1,324 BMD 1,324

$551 PAB 551

140.54%

International Primary School, 1 Child (Yearly)

$24.7K BMD 24.7K

$9,560 PAB 9,560

158.10%

Jeans (Levis 501 Or Similar)

$90.5 BMD 90.5

$67.6 PAB 67.6

33.84%

Summer Dress (H&M, Zara, etc)

$71.2 BMD 71.2

$48.03 PAB 48.03

48.16%

Sport Shoes (Adidas, Nike)

$141 BMD 141

$94.9 PAB 94.9

48.20%

Men's Leather Business Shoes

$128 BMD 128

$113 PAB 113

13.28%

1-bedroom Apartment, City Center (Monthly)

$3,765 BMD 3,765

$1,238 PAB 1,238

204.19%

1-bedroom Apartment, Outside City Center (Monthly)

$873 PAB 873

3-bedroom Apartment, City Center (Monthly)

$2,197 PAB 2,197

3-bedroom Apartment, Outside City Center (Monthly)

$1,538 PAB 1,538

Buy Apartment in City Center (m2)

$3,116 PAB 3,116

Buy Apartment Outside City Center (m2)

$1,725 PAB 1,725

Average Monthly Net Salary (After Tax)

$7,935 BMD 7,935

$934 PAB 934

749.17%

20-Year Fixed Mortgage Interest Rate (Annual %)

8.63

6.39

35.05%

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

Last update for Pembroke: October 5, 2026

Last update for Panama City: October 3, 2026

Monthly budget structure

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

Groceries & Markets

Pembroke

$749 31.4%

Panama City

$324 17.5% 56.7% $425

Monthly Utilities & Internet

Pembroke

$597 25%

Panama City

$207 11.2% 65.2% $389

Eating Out

Pembroke

$590 24.7%

Panama City

$202 10.9% 65.8% $388

Clothing & Footwear

Pembroke

$194 8.1%

Panama City

$146 7.9% 24.8% $48

Getting Around

Pembroke

$148 * 6.2%

Panama City

$34 1.8% 77% $114

Sport & Entertainment

Pembroke

$107 4.5%

Panama City

$64 3.4% 40.5% $43

Accommodation & Living

Pembroke

- * 0%

Panama City

$873 47.2%

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

Cost Breakdown

A central one-bedroom costs $3,765 in Pembroke versus $1,238 in Panama City. 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 749% higher in Pembroke, 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 $151 in Pembroke versus $48.00 in Panama City. Monthly groceries follow the same trend: $749 vs $324 – making Panama City the more affordable choice for daily food spending.

Good to know

🇧🇲 Pembroke

🇵🇦 Panama City

🕒 Local time

03:42 3:42 AM

01:42 1:42 AM

2 h behind Pembroke

🌤 Weather

👥 Population

11,160

1,086,990 Capital

💱 Currency

Bermudian Dollar BMD $

Panamanian Balboa PAB B/.

📈 Exchange rate

1 BMD = 1 USD

1 BMD = 0.892 EUR

1 PAB = 1 USD

1 PAB = 0.892 EUR

Exchange rates and currency converter

PAB, USD, EUR to BMD – Bermudian Dollar Converter

🇺🇸 United States Dollar ($)

🇧🇲 Bermudian Dollar ($)

Bermudian Dollar exchange rates as of October 10, 2026: 1 USD = 1 BMD (1 BMD = 1 USD). 1 EUR = 1.12 BMD (1 BMD = 0.892 EUR).

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).

USD to BMD in detail →

On the map

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Highest

Between locations

Pembroke Panama City 3,010 km ≈ 4 h 15 min nonstop flight

From you

Pembroke
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

Pembroke vs Panama City: Cost of Living - Frequently Asked Questions

Yes – Pembroke is pricier by about 28%, and outside of rent the gap shows up most in groceries.

For a comfortable life, plan on about $3,533 per month in Pembroke and $2,756 in Panama City. 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 131% more in Pembroke, 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 $151 in Pembroke and $48.00 in Panama City. 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 $1,837, than in Pembroke at $2,355. In Panama City it covers expenses comfortably, while in Pembroke 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, Pembroke makes more sense. Both are solid long-term options with distinct trade-offs.