Cost of Living Comparison Between Miami, FL and Panama City 

Sign up for free* to continue using Numbeo

Or please fill:
Your Email Address:
Your City:

 

* Only personal, academic, newspapers, TV and radio broadcasting use allowed.
For other commercial use please buy Commercial License, Insights or API

Indices DifferenceInfo
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
Currency: Sticky Currency      Switch to metric measurement units
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 2024October 2024
Contributors in the past 12 months:183104