Last update: Nov 2026

Cost of Living Comparison Between Spanish Fork, UT and Panama City

For one person, living is cheaper in Panama City: $1,972 a month against $2,226 in Spanish Fork, UT, rent and utilities included – about $3,000 less a year. Rent and utilities account for most of the difference.

107

Cost of Living Index in Spanish Fork, UT
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Spanish Fork, UT Living Index
95

Cost of Living Index in Panama City
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Panama City Living Index

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Spanish Fork, UT

🇺🇸 United States

$2,226

/mo nomad

Panama City

🇵🇦 Panama

$1,972

/mo nomad

Monthly Cost of Living

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

A single person spends $2,226 per month in Spanish Fork, UT vs $1,972 in Panama City, rent included.

Spanish Fork, UT $2,226
Panama City $1,972

A couple spends around $3,139 per month in Spanish Fork, UT vs $2,930 in Panama City, rent included.

Spanish Fork, UT $3,139
Panama City $2,930

A family of three spends $4,052 per month in Spanish Fork, UT vs $3,888 in Panama City, rent included.

Spanish Fork, UT $4,052
Panama City $3,888

Spanish Fork, UT costs about 13% more than Panama City, and outside of rent the biggest gap is in eating out.

Both Spanish Fork, UT and Panama City sit above the global median – Spanish Fork, UT by 65%, Panama City by 46%.

Meal at Budget Restaurant

$18.12 $18.12

$11.37 PAB 11.37

59.37%

Three-Course Dinner for Two, Mid-Range

$72.3 $72.3

$46.69 PAB 46.69

54.87%

Fast Food Meal (McDonalds, etc)

$9.85 $9.85

$7.98 PAB 7.98

23.43%

Cappuccino

$5.03 $5.03

$4.12 PAB 4.12

22.09%

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

$2.28 $2.28

$2.01 PAB 2.01

13.43%

Water (0.33 liter bottle)

$1.73 $1.73

$1.57 PAB 1.57

10.19%

Local Beer (0.5 liter draught)

$5.85 $5.85

$3.28 PAB 3.28

78.35%

Imported Beer (0.33 liter bottle)

$5.13 $5.13

$3.88 PAB 3.88

32.22%

Milk (1 liter)

$0.69 $0.69

$1.82 PAB 1.82

-62.09%

White Bread (500g)

$2.16 $2.16

$2.61 PAB 2.61

-17.24%

Rice (white) (1kg)

$2.53 $2.53

$3.45 PAB 3.45

-26.67%

Eggs

$2.04 $2.04

$2.68 PAB 2.68

-23.88%

Local Cheese (1kg)

$8.58 $8.58

$12.42 PAB 12.42

-30.92%

Chicken Fillets (1kg)

$6.71 $6.71

$6.73 PAB 6.73

-0.30%

Beef Round Steak (1kg)

$13.03 $13.03

$10.44 PAB 10.44

24.81%

Apples (1kg)

$4.16 $4.16

$4.21 PAB 4.21

-1.19%

Banana (1kg)

$1.24 $1.24

$1.95 PAB 1.95

-36.41%

Oranges (1kg)

$2.22 $2.22

$4.07 PAB 4.07

-45.45%

Tomato (1kg)

$2.55 $2.55

$4.02 PAB 4.02

-36.57%

Potato (1kg)

$0.96 $0.96

$3.46 PAB 3.46

-72.25%

Onion (1kg)

$1.98 $1.98

$4.42 PAB 4.42

-55.20%

Lettuce (1 head)

$1.52 $1.52

$2.43 PAB 2.43

-37.45%

Water (1.5 liter bottle)

$1.04 $1.04

$1.72 PAB 1.72

-39.53%

Cigarettes 20 Pack (Marlboro, Camel)

$7.54 $7.54

$6.04 PAB 6.04

24.83%

Wine (Bottle)

$14.98 $14.98

$11.68 PAB 11.68

28.25%

Local Beer (0.5 liter bottle)

$1.51 $1.51

$1.41 PAB 1.41

7.09%

Imported Beer (0.33 liter bottle)

$2.26 $2.26

$2.74 PAB 2.74

-17.52%

One-way Ticket (Public Transport)

$1.95 $1.95

$0.33 PAB 0.33

490.91%

Public Transport Monthly Pass (Regular Price)

$60.9 $60.9

$20.65 PAB 20.65

194.82%

Taxi Start (Normal Tariff)

$2.54 $2.54

$2.45 PAB 2.45

3.67%

Taxi (Normal Tariff) (1km)

$1.04 $1.04

$1.76 PAB 1.76

-40.91%

Taxi 1hour Waiting (Normal Tariff)

$24.70 $24.70

$21.86 PAB 21.86

12.99%

Gasoline (1 liter)

$1.15 $1.15

$1.20 PAB 1.20

-4.17%

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

$34.7K $34.7K

$24.6K PAB 24.6K

41.39%

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

$25.8K $25.8K

$20.9K PAB 20.9K

23.43%

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

$194 $194

$132 PAB 132

47.06%

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

$27.23 $27.23

$27.89 PAB 27.89

-2.37%

Internet (50+ Mbps, Unlimited Data)

$48.02 $48.02

$49.10 PAB 49.10

-2.20%

Gym Membership (Monthly)

$39.71 $39.71

$44.53 PAB 44.53

-10.82%

Tennis Court (1 Hour on Weekend)

$34.01 PAB 34.01

Cinema Ticket

$8.76 $8.76

$8.70 PAB 8.70

0.69%

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

$1,257 $1,257

$537 PAB 537

134.16%

International Primary School, 1 Child (Yearly)

$12.3K $12.3K

$20.5K PAB 20.5K

-39.85%

Jeans (Levis 501 Or Similar)

$41.78 $41.78

$65.8 PAB 65.8

-36.50%

Summer Dress (H&M, Zara, etc)

$29.12 $29.12

$48.45 PAB 48.45

-39.90%

Sport Shoes (Adidas, Nike)

$47.06 $47.06

$95.4 PAB 95.4

-50.68%

Men's Leather Business Shoes

$79.4 $79.4

$114 PAB 114

-30.13%

1-bedroom Apartment, City Center (Monthly)

$1,609 $1,609

$1,405 PAB 1,405

14.50%

1-bedroom Apartment, Outside City Center (Monthly)

$1,181 $1,181

$994 PAB 994

18.85%

3-bedroom Apartment, City Center (Monthly)

$1,880 $1,880

$2,221 PAB 2,221

-15.34%

3-bedroom Apartment, Outside City Center (Monthly)

$1,742 $1,742

$1,714 PAB 1,714

1.66%

Buy Apartment in City Center (m2)

$2,607 $2,607

$3,139 PAB 3,139

-16.94%

Buy Apartment Outside City Center (m2)

$2,016 $2,016

$1,724 PAB 1,724

16.97%

Average Monthly Net Salary (After Tax)

$3,480 $3,480

$936 PAB 936

271.85%

20-Year Fixed Mortgage Interest Rate (Annual %)

5.64

6.39

-11.74%

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

Last update for Spanish Fork, 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.

Accommodation & Living

Spanish Fork, UT

$1.2K 53.1%

Panama City

$994 50.4% 15.9% $187

Eating Out

Spanish Fork, UT

$290 13.1%

Panama City

$203 10.3% 30.1% $88

Monthly Utilities & Internet

Spanish Fork, UT

$269 12.1%

Panama City

$209 10.6% 22.4% $60

Groceries & Markets

Spanish Fork, UT

$262 11.8%

Panama City

$326 16.5% 24.1% $63

Clothing & Footwear

Spanish Fork, UT

$89 4%

Panama City

$145 7.4% 63.8% $57

Getting Around

Spanish Fork, UT

$76 3.4%

Panama City

$33 1.7% 56.5% $43

Sport & Entertainment

Spanish Fork, UT

$57 2.6%

Panama City

$62 3.1% 8.2% $4.7

Cost Breakdown

A central one-bedroom costs $1,609 in Spanish Fork, UT 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 Spanish Fork, UT are about 3.7 times higher. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $72 in Spanish Fork, UT versus $47 in Panama City. Groceries tell a different story – $262 in Spanish Fork, UT vs $326 in Panama City – so Spanish Fork, UT wins on supermarket bills even if dining out costs more.

Good to know

🇺🇸 Spanish Fork, UT

🇵🇦 Panama City

🕒 Local time

01:10 1:10 AM

03:10 3:10 AM

2 h ahead of Spanish Fork, UT

🌤 Weather

👥 Population

42,602

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 November 6, 2026: 1 EUR = 1.12 USD (1 USD = 0.89 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 = 0.89 EUR).

PAB to USD in detail →

On the map

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Highest

Between locations

Spanish Fork, UT Panama City 4,700 km ≈ 6 h nonstop flight

From you

Spanish Fork, 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

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

Yes – Spanish Fork, UT is pricier by about 13%, and outside of rent the gap shows up most in eating out.

For a comfortable life, plan on about $3,339 per month in Spanish Fork, UT 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 Panama City, especially for central apartments: a one-bedroom in the center costs $1,405 there versus $1,609 in Spanish Fork, UT.

Interestingly, groceries are about 19% cheaper in Spanish Fork, UT – one category where the pricier city actually offers better value.

A mid-range dinner for two costs $72 in Spanish Fork, UT and $47 in Panama City. That’s a good indicator of the overall restaurant and café pricing gap between the two cities.

$2,500 covers both cities comfortably – all-in costs are $2,226 in Spanish Fork, UT and $1,972 in Panama City, leaving budget for savings and extras in both cases.

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.

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