Cost of Living Comparison Between Miami, FL and Panama City 
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| Indices Difference |  |
|---|---|
| Cost of Living in Panama City is 38.8% lower than in Miami, FL (without rent) | |
| Cost of Living Including Rent in Panama City is 49.6% lower than in Miami, FL | |
| Rent Prices in Panama City are 64.2% lower than in Miami, FL | |
| Restaurant Prices in Panama City are 45.2% lower than in Miami, FL | |
| Groceries Prices in Panama City are 33.0% lower than in Miami, FL | |
| Local Purchasing Power in Panama City is 57.7% lower than in Miami, FL | |
Restaurants | Miami, FL Edit |
Panama City Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant | 28.09 $ | 12.00 $ | -57.3 % |
| Meal for 2 People, Mid-range Restaurant, Three-course | 100.00 $ | 62.50 $ | -37.5 % |
| McMeal at McDonalds (or Equivalent Combo Meal) | 12.00 $ | 8.00 $ | -33.3 % |
| Domestic Beer (1 pint draught) | 7.50 $ | 3.00 $ | -60.0 % |
| Imported Beer (12 oz small bottle) | 9.00 $ | 4.00 $ | -55.6 % |
| Cappuccino (regular) | 5.44 $ | 3.59 $ | -34.0 % |
| Coke/Pepsi (12 oz small bottle) | 3.23 $ | 1.86 $ | -42.5 % |
| Water (12 oz small bottle) | 2.61 $ | 1.41 $ | -45.9 % |
Markets | Miami, FL Edit |
Panama City Edit | |
| Milk (regular), (1 gallon) | 4.38 $ | 6.72 $ | +53.3 % |
| Loaf of Fresh White Bread (1 lb) | 3.42 $ | 2.30 $ | -32.7 % |
| Rice (white), (1 lb) | 1.95 $ | 1.13 $ | -42.3 % |
| Eggs (regular) (12) | 4.14 $ | 2.62 $ | -36.7 % |
| Local Cheese (1 lb) | 6.69 $ | 5.82 $ | -13.0 % |
| Chicken Fillets (1 lb) | 5.66 $ | 3.41 $ | -39.8 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) | 8.31 $ | 4.68 $ | -43.6 % |
| Apples (1 lb) | 2.76 $ | 1.52 $ | -44.7 % |
| Banana (1 lb) | 0.84 $ | 0.71 $ | -15.9 % |
| Oranges (1 lb) | 1.88 $ | 1.39 $ | -26.1 % |
| Tomato (1 lb) | 2.17 $ | 1.41 $ | -34.8 % |
| Potato (1 lb) | 1.15 $ | 0.98 $ | -14.3 % |
| Onion (1 lb) | 1.46 $ | 1.14 $ | -21.7 % |
| Lettuce (1 head) | 2.88 $ | 2.17 $ | -24.7 % |
| Water (1.5 liter bottle) | 2.21 $ | 1.50 $ | -32.0 % |
| Bottle of Wine (Mid-Range) | 15.00 $ | 9.00 $ | -40.0 % |
| Domestic Beer (0.5 liter bottle) | 2.38 $ | 1.19 $ | -50.2 % |
| Imported Beer (12 oz small bottle) | 3.00 $ | 2.08 $ | -30.8 % |
| Cigarettes 20 Pack (Marlboro) | 10.35 $ | 5.88 $ | -43.2 % |
Transportation | Miami, FL Edit |
Panama City Edit | |
| One-way Ticket (Local Transport) | 2.25 $ | 0.35 $ | -84.4 % |
| Monthly Pass (Regular Price) | 113.75 $ | 25.00 $ | -78.0 % |
| Taxi Start (Normal Tariff) | 4.00 $ | 2.25 $ | -43.8 % |
| Taxi 1 mile (Normal Tariff) | 2.10 $ | 2.91 $ | +38.5 % |
| Taxi 1hour Waiting (Normal Tariff) | 24.00 $ | 21.00 $ | -12.5 % |
| Gasoline (1 gallon) | 3.63 $ | 3.69 $ | +1.8 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) | 34,000.00 $ | 19,750.00 $ | -41.9 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) | 25,966.40 $ | 21,400.00 $ | -17.6 % |
Utilities (Monthly) | Miami, FL Edit |
Panama City Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment | 159.80 $ | 120.44 $ | -24.6 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data | 62.83 $ | 29.44 $ | -53.1 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | 66.35 $ | 51.09 $ | -23.0 % |
Sports And Leisure | Miami, FL Edit |
Panama City Edit | |
| Fitness Club, Monthly Fee for 1 Adult | 71.09 $ | 45.83 $ | -35.5 % |
| Tennis Court Rent (1 Hour on Weekend) | 23.38 $ | 24.17 $ | +3.4 % |
| Cinema, International Release, 1 Seat | 15.00 $ | 7.00 $ | -53.3 % |
Childcare | Miami, FL Edit |
Panama City Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child | 1,248.08 $ | 439.17 $ | -64.8 % |
| International Primary School, Yearly for 1 Child | 25,250.00 $ | 10,092.67 $ | -60.0 % |
Clothing And Shoes | Miami, FL Edit |
Panama City Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) | 49.44 $ | 53.91 $ | +9.0 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) | 52.50 $ | 37.78 $ | -28.0 % |
| 1 Pair of Nike Running Shoes (Mid-Range) | 85.53 $ | 87.62 $ | +2.4 % |
| 1 Pair of Men Leather Business Shoes | 119.38 $ | 105.56 $ | -11.6 % |
Rent Per Month | Miami, FL Edit |
Panama City Edit | |
| Apartment (1 bedroom) in City Centre | 2,843.62 $ | 971.43 $ | -65.8 % |
| Apartment (1 bedroom) Outside of Centre | 2,126.28 $ | 694.12 $ | -67.4 % |
| Apartment (3 bedrooms) in City Centre | 5,415.75 $ | 2,030.64 $ | -62.5 % |
| Apartment (3 bedrooms) Outside of Centre | 3,960.92 $ | 1,446.88 $ | -63.5 % |
Buy Apartment Price | Miami, FL Edit |
Panama City Edit | |
| Price per Square Feet to Buy Apartment in City Centre | 614.65 $ | 225.29 $ | -63.3 % |
| Price per Square Feet to Buy Apartment Outside of Centre | 373.83 $ | 142.45 $ | -61.9 % |
Salaries And Financing | Miami, FL Edit |
Panama City Edit | |
| Average Monthly Net Salary (After Tax) | 4,271.49 $ | 910.42 $ | -78.7 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.66 | 6.17 | -7.4 % |
| Last update: | October 2024 | October 2024 | |
| Contributors in the past 12 months: | 183 | 104 |
Moving to Miami, FL? Explore:
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| Cost of Living in West Palm Beach, Florida | 70.25 miles |
| Cost of Living in Port St Lucie, Florida | 111.85 miles |
| Cost of Living in Naples, Florida | 123.55 miles |
| Cost of Living in Fort Myers, Florida | 156.10 miles |
| Cost of Living in Venice, Florida | 213.33 miles |
| Cost of Living in Orlando, Florida | 234.00 miles |
Cities near Panama City: | Cost of Living in San Miguelito | 8.11 miles |
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| Cost of Living in Pacora | 19.85 miles |
| Cost of Living in El Coco | 33.93 miles |
| Cost of Living in Aguadulce | 127.78 miles |
| Cost of Living in Santiago | 161.98 miles |