🇵🇦 Panama · #333 of 546 cities · 2026

Should I Move to Panama City?

50.7% cheaper to live here than in New York City.

Run the calculator below with your actual salary to get a personalised answer.

-50.7%
vs NYC
USD 806
Estimated rent in
43.3
Purchasing Power
Weak
Purchasing Power

Source: Numbeo · NYC = 100 baseline · Data verified Q1 2026

Personalised Answer

Compare your salary — move to Panama City?

The numbers

Cost breakdown — Panama City

Cost indices vs NYC = 100

Cost of Living
49.3 Affordable
Rent
27.0 Very affordable
Groceries
58.8 Moderate
Restaurants
44.6 Affordable
Purchasing Power
43.3 Weak

Estimated rent in Panama City

1-BR — City centre USD 806/mo
1-BR — Outside centre USD 605/mo
3-BR — City centre USD 1,404/mo
Save by going outside centre ~25% cheaper

Estimated from rent index. Actual prices vary.

Similar options

Considering alternatives?

Cities in the same country or region with a comparable cost of living.

🇲🇽 Mexico City
Mexico
CoL index 49.3
Compare Mexico City vs Panama City → →
🇲🇽 Cancun
Mexico
CoL index 49.5
Compare Cancun vs Panama City → →
🇲🇽 Queretaro
Mexico
CoL index 48.2
Compare Queretaro vs Panama City → →

Ready to run the numbers?

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Compare salaries → → Full cost of living data

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