Last update: Oct 2026

Cost of Living Comparison Between Silver City, NM and Panama City

For one person, living is cheaper in Panama City: $1,972 a month against $2,565 in Silver City, NM, rent and utilities included – about $7,100 less a year. Rent and utilities account for most of the difference.

124

Cost of Living Index in Silver City, NM
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Silver City, NM Living Index
95

Cost of Living Index in Panama City
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Panama City Living Index

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Silver City, NM

🇺🇸 United States

$2,565

/mo nomad

Panama City

🇵🇦 Panama

$1,972

/mo nomad

Monthly Cost of Living

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

A single person spends $2,565 per month in Silver City, NM vs $1,972 in Panama City, rent included.

Silver City, NM $2,565
Panama City $1,972

A couple spends around $3,793 per month in Silver City, NM vs $2,930 in Panama City, rent included.

Silver City, NM $3,793
Panama City $2,930

A family of three spends $5,022 per month in Silver City, NM vs $3,888 in Panama City, rent included.

Silver City, NM $5,022
Panama City $3,888

Silver City, NM costs about 30% more than Panama City, and outside of rent the biggest gap is in eating out.

Both Silver City, NM and Panama City sit above the global median – Silver City, NM by 90%, Panama City by 46%.

Meal at Budget Restaurant

$19.56 $19.56

$11.37 PAB 11.37

72.03%

Three-Course Dinner for Two, Mid-Range

$79.3 $79.3

$46.69 PAB 46.69

69.80%

Fast Food Meal (McDonalds, etc)

$13.19 $13.19

$7.98 PAB 7.98

65.29%

Cappuccino

$5.25 $5.25

$4.12 PAB 4.12

27.43%

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

$2.79 $2.79

$2.01 PAB 2.01

38.81%

Water (0.33 liter bottle)

$1.37 $1.37

$1.57 PAB 1.57

-12.74%

Local Beer (0.5 liter draught)

$6.99 $6.99

$3.28 PAB 3.28

113.11%

Imported Beer (0.33 liter bottle)

$7.06 $7.06

$3.88 PAB 3.88

81.96%

Milk (1 liter)

$0.80 $0.80

$1.82 PAB 1.82

-56.04%

White Bread (500g)

$3.39 $3.39

$2.61 PAB 2.61

29.89%

Rice (white) (1kg)

$2.59 $2.59

$3.45 PAB 3.45

-24.93%

Eggs

$4.55 $4.55

$2.68 PAB 2.68

69.78%

Local Cheese (1kg)

$13.26 $13.26

$12.42 PAB 12.42

6.76%

Chicken Fillets (1kg)

$11.06 $11.06

$6.73 PAB 6.73

64.34%

Beef Round Steak (1kg)

$16.98 $16.98

$10.44 PAB 10.44

62.64%

Apples (1kg)

$4.26 $4.26

$4.21 PAB 4.21

1.19%

Banana (1kg)

$1.70 $1.70

$1.95 PAB 1.95

-12.82%

Oranges (1kg)

$3.79 $3.79

$4.07 PAB 4.07

-6.88%

Tomato (1kg)

$4.18 $4.18

$4.02 PAB 4.02

3.98%

Potato (1kg)

$2.57 $2.57

$3.46 PAB 3.46

-25.72%

Onion (1kg)

$2.45 $2.45

$4.42 PAB 4.42

-44.57%

Lettuce (1 head)

$2.17 $2.17

$2.43 PAB 2.43

-10.70%

Water (1.5 liter bottle)

$1.51 $1.51

$1.72 PAB 1.72

-12.21%

Cigarettes 20 Pack (Marlboro, Camel)

$10.95 $10.95

$6.04 PAB 6.04

81.29%

Wine (Bottle)

$13.59 $13.59

$11.68 PAB 11.68

16.35%

Local Beer (0.5 liter bottle)

$2.51 $2.51

$1.41 PAB 1.41

78.01%

Imported Beer (0.33 liter bottle)

$3.72 $3.72

$2.74 PAB 2.74

35.77%

One-way Ticket (Public Transport)

$1.96 $1.96

$0.33 PAB 0.33

493.94%

Public Transport Monthly Pass (Regular Price)

$56.4 $56.4

$20.65 PAB 20.65

173.17%

Taxi Start (Normal Tariff)

$2.83 $2.83

$2.45 PAB 2.45

15.51%

Taxi (Normal Tariff) (1km)

$1.39 $1.39

$1.76 PAB 1.76

-21.02%

Taxi 1hour Waiting (Normal Tariff)

$36.38 $36.38

$21.86 PAB 21.86

66.42%

Gasoline (1 liter)

$0.91 $0.91

$1.20 PAB 1.20

-24.17%

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

$36.6K $36.6K

$24.6K PAB 24.6K

49.18%

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

$22.3K $22.3K

$20.9K PAB 20.9K

6.72%

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

$201 $201

$132 PAB 132

52.52%

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

$62.2 $62.2

$27.89 PAB 27.89

123.09%

Internet (50+ Mbps, Unlimited Data)

$73.7 $73.7

$49.10 PAB 49.10

50.10%

Gym Membership (Monthly)

$35.78 $35.78

$44.53 PAB 44.53

-19.65%

Tennis Court (1 Hour on Weekend)

$34.01 PAB 34.01

Cinema Ticket

$12.93 $12.93

$8.70 PAB 8.70

48.62%

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

$1,068 $1,068

$537 PAB 537

99.06%

International Primary School, 1 Child (Yearly)

$14.9K $14.9K

$20.5K PAB 20.5K

-27.35%

Jeans (Levis 501 Or Similar)

$55.7 $55.7

$65.8 PAB 65.8

-15.43%

Summer Dress (H&M, Zara, etc)

$43.23 $43.23

$48.45 PAB 48.45

-10.77%

Sport Shoes (Adidas, Nike)

$97.4 $97.4

$95.4 PAB 95.4

2.09%

Men's Leather Business Shoes

$115 $115

$114 PAB 114

1.65%

1-bedroom Apartment, City Center (Monthly)

$1,106 $1,106

$1,405 PAB 1,405

-21.30%

1-bedroom Apartment, Outside City Center (Monthly)

$1,257 $1,257

$994 PAB 994

26.44%

3-bedroom Apartment, City Center (Monthly)

$2,038 $2,038

$2,221 PAB 2,221

-8.25%

3-bedroom Apartment, Outside City Center (Monthly)

$2,132 $2,132

$1,714 PAB 1,714

24.43%

Buy Apartment in City Center (m2)

$1,938 $1,938

$3,139 PAB 3,139

-38.26%

Buy Apartment Outside City Center (m2)

$1,921 $1,921

$1,724 PAB 1,724

11.45%

Average Monthly Net Salary (After Tax)

$2,994 $2,994

$936 PAB 936

219.92%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.61

6.39

3.44%

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

Last update for Silver City, NM: October 31, 2026

Last update for Panama City: November 3, 2026

Monthly budget structure

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

Accommodation & Living

Silver City, NM

$1.3K 49%

Panama City

$994 50.4% 20.9% $263

Groceries & Markets

Silver City, NM

$371 14.5%

Panama City

$326 16.5% 12.1% $45

Monthly Utilities & Internet

Silver City, NM

$337 13.1%

Panama City

$209 10.6% 38% $128

Eating Out

Silver City, NM

$325 12.7%

Panama City

$203 10.3% 37.5% $122

Clothing & Footwear

Silver City, NM

$140 5.5%

Panama City

$145 7.4% 3.7% $5.2

Getting Around

Silver City, NM

$74 2.9%

Panama City

$33 1.7% 55.1% $41

Sport & Entertainment

Silver City, NM

$62 2.4%

Panama City

$62 3.1% 0.5% $0.3

Cost Breakdown

A central one-bedroom costs $1,106 in Silver City, NM versus $1,405 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 in Silver City, NM are about 3.2 times higher. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $79 in Silver City, NM versus $47 in Panama City. Monthly groceries follow the same trend: $371 vs $326 – making Panama City the more affordable choice for daily food spending.

Good to know

🇺🇸 Silver City, NM

🇵🇦 Panama City

🕒 Local time

12:23 12:23 PM

14:23 2:23 PM

2 h ahead of Silver City, NM

🌤 Weather

👥 Population

9,700

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

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Between locations

Silver City, NM Panama City 3,960 km ≈ 5 h nonstop flight

From you

Silver City, NM
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

Silver City, NM vs Panama City: Cost of Living - Frequently Asked Questions

Yes – Silver City, NM is pricier by about 30%, and outside of rent the gap shows up most in eating out.

For a comfortable life, plan on about $3,848 per month in Silver City, NM and $2,958 in Panama City. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Silver City, NM, especially for central apartments: a one-bedroom in the center costs $1,106 there versus $1,405 in Panama City.

Groceries cost about 14% more in Silver City, NM, though the gap depends on what you buy.

A mid-range dinner for two costs $79 in Silver City, NM and $47 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 $1,972, than in Silver City, NM at $2,565. In Panama City it covers expenses comfortably, while in Silver City, NM it requires careful planning or may not stretch far enough.

It depends on your priorities. Panama City has an edge in some lifestyle areas, with costs from $1,972 in Panama City to $2,565 in Silver City, NM. Climate, culture, job market, and personal taste all factor in.

If budget matters most, go with Panama City. If higher salaries or specific career opportunities are the priority, Silver City, NM makes more sense. Both are solid long-term options with distinct trade-offs.