Last update: Oct 2026

Cost of Living Comparison Between Saint George and Panama City

For one person, living is cheaper in Panama City: $1,837 a month against $4,833 in Saint George, rent and utilities included – about $36,000 less a year. Rent and utilities account for most of the difference.

236

Cost of Living Index in Saint George
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Saint George Living Index
90

Cost of Living Index in Panama City
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Panama City Living Index

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Saint George

🇧🇲 Bermuda

$4,833

/mo nomad

Panama City

🇵🇦 Panama

$1,837

/mo nomad

Monthly Cost of Living

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

A single person spends $4,833 per month in Saint George vs $1,837 in Panama City, rent included.

Saint George $4,833
Panama City $1,837

A couple spends around $6,839 per month in Saint George vs $2,825 in Panama City, rent included.

Saint George $6,839
Panama City $2,825

A family of three spends $8,846 per month in Saint George vs $3,812 in Panama City, rent included.

Saint George $8,846
Panama City $3,812

Saint George costs about 163% more than Panama City, and outside of rent the biggest gap is in eating out.

Both Saint George and Panama City sit above the global median – Saint George by 261%, Panama City by 37%.

Meal at Budget Restaurant

$49.88 BMD 49.88

$11.34 PAB 11.34

339.86%

Three-Course Dinner for Two, Mid-Range

$151 BMD 151

$47.85 PAB 47.85

214.88%

Fast Food Meal (McDonalds, etc)

$16.63 BMD 16.63

$8.07 PAB 8.07

106.07%

Cappuccino

$6.34 BMD 6.34

$4.02 PAB 4.02

57.71%

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

$3.12 BMD 3.12

$1.94 PAB 1.94

60.82%

Water (0.33 liter bottle)

$3.15 BMD 3.15

$1.62 PAB 1.62

94.44%

Local Beer (0.5 liter draught)

$7.51 BMD 7.51

$3.26 PAB 3.26

130.37%

Imported Beer (0.33 liter bottle)

$9.16 BMD 9.16

$3.99 PAB 3.99

129.57%

Milk (1 liter)

$4.90 BMD 4.90

$1.83 PAB 1.83

167.76%

White Bread (500g)

$7.82 BMD 7.82

$2.57 PAB 2.57

204.28%

Rice (white) (1kg)

$3.98 BMD 3.98

$3.33 PAB 3.33

19.52%

Eggs

$7.15 BMD 7.15

$2.69 PAB 2.69

165.80%

Local Cheese (1kg)

$7.31 BMD 7.31

$12.33 PAB 12.33

-40.71%

Chicken Fillets (1kg)

$21.48 BMD 21.48

$6.69 PAB 6.69

221.08%

Beef Round Steak (1kg)

$19.33 BMD 19.33

$10.40 PAB 10.40

85.87%

Apples (1kg)

$9.03 BMD 9.03

$4.16 PAB 4.16

117.07%

Banana (1kg)

$6.46 BMD 6.46

$1.84 PAB 1.84

251.09%

Oranges (1kg)

$9.02 BMD 9.02

$4.18 PAB 4.18

115.79%

Tomato (1kg)

$9.59 BMD 9.59

$4.08 PAB 4.08

135.05%

Potato (1kg)

$8.68 BMD 8.68

$3.50 PAB 3.50

148.00%

Onion (1kg)

$4.07 BMD 4.07

$4.37 PAB 4.37

-6.86%

Lettuce (1 head)

$6.09 BMD 6.09

$2.34 PAB 2.34

160.26%

Water (1.5 liter bottle)

$3.40 BMD 3.40

$1.75 PAB 1.75

94.29%

Cigarettes 20 Pack (Marlboro, Camel)

$17.70 BMD 17.70

$6.06 PAB 6.06

192.08%

Wine (Bottle)

$24.37 BMD 24.37

$11.72 PAB 11.72

107.94%

Local Beer (0.5 liter bottle)

$5.26 BMD 5.26

$1.37 PAB 1.37

283.94%

Imported Beer (0.33 liter bottle)

$4.24 BMD 4.24

$2.84 PAB 2.84

49.30%

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)

$6.38 BMD 6.38

$2.52 PAB 2.52

153.17%

Taxi (Normal Tariff) (1km)

$3.06 BMD 3.06

$1.79 PAB 1.79

70.95%

Taxi 1hour Waiting (Normal Tariff)

$70.3 BMD 70.3

$22.01 PAB 22.01

219.22%

Gasoline (1 liter)

$2.45 BMD 2.45

$1.25 PAB 1.25

96.00%

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

$37.8K BMD 37.8K

$21.5K PAB 21.5K

75.45%

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

$43.1K BMD 43.1K

$21.2K PAB 21.2K

103.41%

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

$285 BMD 285

$131 PAB 131

117.21%

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

$148 BMD 148

$27.68 PAB 27.68

436.09%

Internet (50+ Mbps, Unlimited Data)

$159 BMD 159

$48.59 PAB 48.59

226.78%

Gym Membership (Monthly)

$46.11 PAB 46.11

Tennis Court (1 Hour on Weekend)

$35.01 PAB 35.01

Cinema Ticket

$13.70 BMD 13.70

$8.73 PAB 8.73

56.93%

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

$1,308 BMD 1,308

$551 PAB 551

137.65%

International Primary School, 1 Child (Yearly)

$25.4K BMD 25.4K

$9,560 PAB 9,560

165.86%

Jeans (Levis 501 Or Similar)

$88.4 BMD 88.4

$67.6 PAB 67.6

30.71%

Summer Dress (H&M, Zara, etc)

$71.0 BMD 71.0

$48.03 PAB 48.03

47.72%

Sport Shoes (Adidas, Nike)

$141 BMD 141

$94.9 PAB 94.9

48.86%

Men's Leather Business Shoes

$130 BMD 130

$113 PAB 113

15.32%

1-bedroom Apartment, City Center (Monthly)

$3,049 BMD 3,049

$1,238 PAB 1,238

146.32%

1-bedroom Apartment, Outside City Center (Monthly)

$2,744 BMD 2,744

$873 PAB 873

214.20%

3-bedroom Apartment, City Center (Monthly)

$5,057 BMD 5,057

$2,197 PAB 2,197

130.18%

3-bedroom Apartment, Outside City Center (Monthly)

$4,068 BMD 4,068

$1,538 PAB 1,538

164.46%

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)

$934 PAB 934

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 Saint George: October 5, 2026

Last update for Panama City: October 3, 2026

Monthly budget structure

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

Accommodation & Living

Saint George

$2.7K 56.1%

Panama City

$873 47.2% 68.2% $1.9K

Groceries & Markets

Saint George

$710 14.5%

Panama City

$324 17.5% 54.3% $385

Eating Out

Saint George

$606 12.4%

Panama City

$202 10.9% 66.7% $404

Monthly Utilities & Internet

Saint George

$592 12.1%

Panama City

$207 11.2% 65% $385

Clothing & Footwear

Saint George

$194 4%

Panama City

$146 7.9% 24.9% $48

Sport & Entertainment

Saint George

$27 * 0.6%

Panama City

$64 3.4% 132% $36

Getting Around

Saint George

$22 * 0.4%

Panama City

$34 1.8% 56.2% $12

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

Cost Breakdown

A central one-bedroom costs $3,049 in Saint George 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.

A mid-range dinner for two costs $151 in Saint George versus $48.00 in Panama City. Monthly groceries follow the same trend: $710 vs $324 – making Panama City the more affordable choice for daily food spending.

Good to know

🇧🇲 Saint George

🇵🇦 Panama City

🕒 Local time

05:46 5:46 AM

03:46 3:46 AM

2 h behind Saint George

🌤 Weather

👥 Population

2,000

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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Between locations

Saint George Panama City 3,020 km ≈ 4 h 15 min nonstop flight

From you

Saint George
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

Saint George vs Panama City: Cost of Living - Frequently Asked Questions

Yes – Saint George is pricier by about 163%, and outside of rent the gap shows up most in eating out.

For a comfortable life, plan on about $7,249 per month in Saint George 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.

Monthly expenses with rent come to $4,833 in Saint George and $1,837 in Panama City. That's a gap of about 163%.

Kindergarten costs $1,308 per month in Saint George and $551 in Panama City. 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 Saint George at $4,833. In Panama City it covers expenses comfortably, while in Saint George 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, Saint George makes more sense. Both are solid long-term options with distinct trade-offs.