Is Funchal more expensive than Panama City?

Funchal is 0.4% more expensive than Panama City overall. Rent is 17.8% higher, groceries 15.7% cheaper, and restaurants 11.6% more expensive.

Which city has better purchasing power, Panama City or Funchal?

Panama City has a purchasing power index of 48.5 while Funchal has 63.6 (NYC = 100). Funchal offers better purchasing power.

Cost of Living Comparison · 2026

🇵🇦 Panama City vs 🇵🇹 Funchal

2026

Funchal is 0.4% more expensive

Category	🇵🇦 Panama City	🇵🇹 Funchal	Difference
Cost of Living	47.2	47.4	+0.4%
Rent	28.7	33.8	+17.8%
Groceries	53.6	45.2	-15.7%
Restaurants	43.0	48.0	+11.6%
Purchasing Power	48.5	63.6	+31.1%

Data verified Q1 2026 · Source: Numbeo cost-of-living indices (NYC = 100 baseline) · Indices reflect relative costs; absolute prices vary by neighbourhood.

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🇵🇦 Cost of Living in Panama City

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