Last update: Oct 2026

Cost of Living Comparison Between Santa Monica, CA and Panama City

For one person, living is cheaper in Panama City: $1,855 a month against $4,430 in Santa Monica, CA, rent and utilities included – about $30,900 less a year. Rent and utilities account for most of the difference.

214

Cost of Living Index in Santa Monica, CA
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Santa Monica, CA Living Index
90

Cost of Living Index in Panama City
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Panama City Living Index

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Santa Monica, CA

🇺🇸 United States

$4,430

/mo nomad

Panama City

🇵🇦 Panama

$1,855

/mo nomad

Monthly Cost of Living

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

A single person spends $4,430 per month in Santa Monica, CA vs $1,855 in Panama City, rent included.

Santa Monica, CA $4,430
Panama City $1,855

A couple spends around $6,581 per month in Santa Monica, CA vs $2,804 in Panama City, rent included.

Santa Monica, CA $6,581
Panama City $2,804

A family of three spends $8,732 per month in Santa Monica, CA vs $3,753 in Panama City, rent included.

Santa Monica, CA $8,732
Panama City $3,753

Santa Monica, CA costs about 139% more than Panama City, and outside of rent the biggest gap is in eating out.

Both Santa Monica, CA and Panama City sit above the global median – Santa Monica, CA by 228%, Panama City by 37%.

Meal at Budget Restaurant

$26.77 $26.77

$11.63 PAB 11.63

130.18%

Three-Course Dinner for Two, Mid-Range

$118 $118

$47.92 PAB 47.92

146.66%

Fast Food Meal (McDonalds, etc)

$14.88 $14.88

$7.96 PAB 7.96

86.93%

Cappuccino

$5.93 $5.93

$4.22 PAB 4.22

40.52%

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

$3.26 $3.26

$2.01 PAB 2.01

62.19%

Water (0.33 liter bottle)

$2.40 $2.40

$1.56 PAB 1.56

53.85%

Local Beer (0.5 liter draught)

$8.13 $8.13

$3.39 PAB 3.39

139.82%

Imported Beer (0.33 liter bottle)

$9.95 $9.95

$3.94 PAB 3.94

152.54%

Milk (1 liter)

$1.34 $1.34

$1.85 PAB 1.85

-27.57%

White Bread (500g)

$4.57 $4.57

$2.56 PAB 2.56

78.52%

Rice (white) (1kg)

$4.65 $4.65

$3.48 PAB 3.48

33.62%

Eggs

$5.73 $5.73

$2.69 PAB 2.69

113.01%

Local Cheese (1kg)

$15.77 $15.77

$12.57 PAB 12.57

25.46%

Chicken Fillets (1kg)

$14.21 $14.21

$6.83 PAB 6.83

108.05%

Beef Round Steak (1kg)

$19.80 $19.80

$10.58 PAB 10.58

87.15%

Apples (1kg)

$4.76 $4.76

$4.18 PAB 4.18

13.88%

Banana (1kg)

$2.29 $2.29

$1.83 PAB 1.83

25.14%

Oranges (1kg)

$3.95 $3.95

$4.20 PAB 4.20

-5.95%

Tomato (1kg)

$5.45 $5.45

$4.03 PAB 4.03

35.24%

Potato (1kg)

$3.31 $3.31

$3.48 PAB 3.48

-4.89%

Onion (1kg)

$2.83 $2.83

$4.22 PAB 4.22

-32.94%

Lettuce (1 head)

$2.14 $2.14

$2.41 PAB 2.41

-11.20%

Water (1.5 liter bottle)

$2.48 $2.48

$1.69 PAB 1.69

46.75%

Cigarettes 20 Pack (Marlboro, Camel)

$11.56 $11.56

$6.14 PAB 6.14

88.27%

Wine (Bottle)

$15.25 $15.25

$11.30 PAB 11.30

34.96%

Local Beer (0.5 liter bottle)

$2.43 $2.43

$1.42 PAB 1.42

71.13%

Imported Beer (0.33 liter bottle)

$3.06 $3.06

$2.73 PAB 2.73

12.09%

One-way Ticket (Public Transport)

$2.52 $2.52

$0.33 PAB 0.33

663.64%

Public Transport Monthly Pass (Regular Price)

$67.0 $67.0

$21.23 PAB 21.23

215.69%

Taxi Start (Normal Tariff)

$3.15 $3.15

$2.52 PAB 2.52

25.00%

Taxi (Normal Tariff) (1km)

$1.90 $1.90

$1.86 PAB 1.86

2.15%

Taxi 1hour Waiting (Normal Tariff)

$32.68 $32.68

$21.78 PAB 21.78

50.05%

Gasoline (1 liter)

$1.45 $1.45

$1.25 PAB 1.25

16.00%

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

$36.8K $36.8K

$21.2K PAB 21.2K

73.27%

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

$25.6K $25.6K

$21.0K PAB 21.0K

21.63%

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

$218 $218

$130 PAB 130

67.74%

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

$46.37 $46.37

$28.13 PAB 28.13

64.84%

Internet (50+ Mbps, Unlimited Data)

$65.1 $65.1

$48.21 PAB 48.21

35.01%

Gym Membership (Monthly)

$70.7 $70.7

$45.78 PAB 45.78

54.39%

Tennis Court (1 Hour on Weekend)

$44.11 $44.11

$34.92 PAB 34.92

26.32%

Cinema Ticket

$19.36 $19.36

$8.67 PAB 8.67

123.30%

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

$1,694 $1,694

$544 PAB 544

211.34%

International Primary School, 1 Child (Yearly)

$32.5K $32.5K

$9,697 PAB 9,697

234.68%

Jeans (Levis 501 Or Similar)

$88.9 $88.9

$66.8 PAB 66.8

33.23%

Summer Dress (H&M, Zara, etc)

$54.8 $54.8

$49.14 PAB 49.14

11.42%

Sport Shoes (Adidas, Nike)

$104 $104

$93.9 PAB 93.9

10.80%

Men's Leather Business Shoes

$121 $121

$112 PAB 112

8.89%

1-bedroom Apartment, City Center (Monthly)

$3,328 $3,328

$1,257 PAB 1,257

164.73%

1-bedroom Apartment, Outside City Center (Monthly)

$2,860 $2,860

$875 PAB 875

226.93%

3-bedroom Apartment, City Center (Monthly)

$5,804 $5,804

$2,155 PAB 2,155

169.30%

3-bedroom Apartment, Outside City Center (Monthly)

$5,048 $5,048

$1,564 PAB 1,564

222.83%

Buy Apartment in City Center (m2)

$10.9K $10.9K

$3,122 PAB 3,122

247.94%

Buy Apartment Outside City Center (m2)

$7,924 $7,924

$1,709 PAB 1,709

363.55%

Average Monthly Net Salary (After Tax)

$6,900 $6,900

$916 PAB 916

653.37%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.62

6.39

3.60%

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

Last update for Santa Monica, CA: October 10, 2026

Last update for Panama City: October 10, 2026

Monthly budget structure

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

Accommodation & Living

Santa Monica, CA

$2.9K 64.6%

Panama City

$875 47.2% 69.4% $2K

Groceries & Markets

Santa Monica, CA

$462 10.4%

Panama City

$325 17.5% 29.6% $137

Eating Out

Santa Monica, CA

$413 9.3%

Panama City

$207 11.1% 50% $206

Monthly Utilities & Internet

Santa Monica, CA

$329 7.4%

Panama City

$206 11.1% 37.4% $123

Clothing & Footwear

Santa Monica, CA

$166 3.8%

Panama City

$145 7.8% 13% $22

Sport & Entertainment

Santa Monica, CA

$109 2.5%

Panama City

$63 3.4% 42.3% $46

Getting Around

Santa Monica, CA

$90 2%

Panama City

$34 1.9% 61.7% $55

Cost Breakdown

A central one-bedroom costs $3,328 in Santa Monica, CA versus $1,257 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 653% higher in Santa Monica, 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 $118 in Santa Monica, CA versus $48.00 in Panama City. Monthly groceries follow the same trend: $462 vs $325 – making Panama City the more affordable choice for daily food spending.

Good to know

🇺🇸 Santa Monica, CA

🇵🇦 Panama City

🕒 Local time

17:54 5:54 PM

19:54 7:54 PM

2 h ahead of Santa Monica, CA

🌤 Weather

👥 Population

89,736

1,086,990 Capital

💱 Currency

United States Dollar USD $

Panamanian Balboa PAB B/.

📈 Exchange rate

1 USD = 0.89 EUR

1 PAB = 1 USD

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

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).

PAB to USD in detail →

On the map

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Between locations

Santa Monica, CA Panama City 4,850 km ≈ 7 h nonstop flight

From you

Santa Monica, CA
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

Santa Monica, CA vs Panama City: Cost of Living - Frequently Asked Questions

Yes – Santa Monica, CA is pricier by about 139%, and outside of rent the gap shows up most in eating out.

For a comfortable life, plan on about $6,645 per month in Santa Monica, CA and $2,783 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 42% more in Santa Monica, 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 $118 in Santa Monica, CA 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 $1,855, than in Santa Monica, CA at $4,430. In Panama City it covers expenses comfortably, while in Santa Monica, 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.

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, Santa Monica, CA makes more sense. Both are solid long-term options with distinct trade-offs.