Cost of living in Panama City (Panama) is 36% cheaper than in Tampa, Florida (United States)
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This comparison has some inconsistent or sparse data. It already provides a reliable comparison but it is not bullet-proof. It is based on 893 prices entered by 103 different people.
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Currency:
| Food | - 26% | |||
|---|---|---|---|---|
| Food in Panama City (Panama) is 26% cheaper than in Tampa, Florida (United States) | ||||
| Update prices | Update prices | |||
| Panama City | Tampa, Florida | Diff | ||
| Basic lunchtime menu (including a drink) in the business district | 17 B/. ($17) | $19 | - 13% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 8 B/. ($8) | $11 | - 26% | |
| 500 gr (1 lb.) of boneless chicken breast | 3.46 B/. ($3.47) | $7 | - 50% | |
| 1 liter (1 qt.) of whole fat milk | 2.19 B/. ($2.20) | $1.18 | + 87% | |
| 12 eggs, large | 2.95 B/. ($2.96) | $5.70 | - 48% | |
| 1 kg (2 lb.) of tomatoes | 2.26 B/. ($2.26) | $4.07 | - 44% | |
| 500 gr (16 oz.) of local cheese | 7 B/. ($7) | $7 | + 11% | |
| 1 kg (2 lb.) of apples | 2.95 B/. ($2.96) | $3.57 | - 17% | |
| 1 kg (2 lb.) of potatoes | 2.08 B/. ($2.09) | $2.23 | - 6% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 1.34 B/. ($1.35) | $2.36 | - 43% | |
| 1 bottle of red table wine, good quality | 14 B/. ($14) | $13 | + 11% | |
| 2 liters of coca-cola | 2.54 B/. ($2.55) | $2.59 | - 2% | |
| Bread for 2 people for 1 day | 1.59 B/. ($1.60) | $3.17 | - 50% | |
| Housing | - 54% | |||
| Housing in Panama City (Panama) is 54% cheaper than in Tampa, Florida (United States) | ||||
| Update prices | Update prices | |||
| Panama City | Tampa, Florida | Diff | ||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 1,500 B/. ($1,505) | $3,321 | - 55% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 925 B/. ($928) | $2,179 | - 57% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 165 B/. ($166) | $194 | - 15% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 1,040 B/. ($1,043) | $1,876 | - 44% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 600 B/. ($602) | $1,634 | - 63% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 88 B/. ($88) | $105 | - 16% | |
| Internet 8 mbps (1 month) | 43 B/. ($43) | $59 | - 27% | |
| 40” flat screen tv | 351 B/. ($352) | $410 | - 14% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 99 B/. ($100) | $148 | - 32% | |
| Laundry detergent (3 l. ~ 100 oz.) | 9 B/. ($9) | $12 | - 26% | |
| Hourly rate for cleaning help | 4.57 B/. ($4.59) | $73 | - 94% | |
| Clothes | + 2% | |||
| Clothes in Panama City (Panama) is about the same as in Tampa, Florida (United States) | ||||
| Update prices | Update prices | |||
| Panama City | Tampa, Florida | Diff | ||
| 1 pair of jeans (levis 501 or similar) | 54 B/. ($54) | $45 | + 20% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 37 B/. ($37) | $35 | + 7% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 86 B/. ($86) | $90 | - 4% | |
| 1 pair of men’s leather business shoes | 86 B/. ($87) | $121 | - 28% | |
| Transportation | - 38% | |||
| Transportation in Panama City (Panama) is 38% cheaper than in Tampa, Florida (United States) | ||||
| Update prices | Update prices | |||
| Panama City | Tampa, Florida | Diff | ||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 19,852 B/. ($19,922) | $26,721 | - 25% | |
| 1 liter (1/4 gallon) of gas | 1.21 B/. ($1.21) | $0.93 | + 30% | |
| Monthly ticket public transport | 32 B/. ($32) | $64 | - 51% | |
| Taxi trip on a business day, basic tariff, 8 km. (5 miles) | 8 B/. ($8) | $19 | - 59% | |
| Personal Care | - 8% | |||
| Personal Care in Panama City (Panama) is 8% cheaper than in Tampa, Florida (United States) | ||||
| Update prices | Update prices | |||
| Panama City | Tampa, Florida | Diff | ||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 8 B/. ($8) | $8 | + 0% | |
| 1 box of antibiotics (12 doses) | 22 B/. ($22) | $20 | + 9% | |
| Short visit to private doctor (15 minutes) | 49 B/. ($49) | $104 | - 53% | |
| 1 box of 32 tampons (tampax, ob, ...) | 7 B/. ($7) | $7 | - 1% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 4.03 B/. ($4.04) | $3.06 | + 32% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 7 B/. ($7) | $4.18 | + 74% | |
| 4 rolls of toilet paper | 3.45 B/. ($3.46) | $4.06 | - 15% | |
| Tube of toothpaste | 3.63 B/. ($3.65) | $1.85 | + 97% | |
| Standard men's haircut in expat area of the city | 17 B/. ($17) | $28 | - 40% | |
| Entertainment | - 11% | |||
| Entertainment in Panama City (Panama) is 11% cheaper than in Tampa, Florida (United States) | ||||
| Update prices | Update prices | |||
| Panama City | Tampa, Florida | Diff | ||
| Basic dinner out for two in neighborhood pub | 36 B/. ($36) | $43 | - 16% | |
| 2 tickets to the movies | 14 B/. ($14) | $26 | - 48% | |
| 2 tickets to the theater (best available seats) | 45 B/. ($45) | $306 | - 85% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 57 B/. ($58) | $81 | - 29% | |
| 1 cocktail drink in downtown club | 10 B/. ($10) | $13 | - 25% | |
| Cappuccino in expat area of the city | 5.71 B/. ($5.73) | $5.73 | + 0% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 2.84 B/. ($2.85) | $5.00 | - 43% | |
| Ipad wi-fi 128gb | 680 B/. ($683) | $459 | + 49% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 0.32 B/. ($0.33) | $0.28 | + 16% | |
| 1 month of gym membership in business district | 51 B/. ($51) | $24 | + 115% | |
| 1 package of marlboro cigarettes | 5.97 B/. ($5.99) | $8 | - 27% | |
 |
TOTAL | - 36% | ||
This comparison has some inconsistent or sparse data. It already provides a reliable comparison but it is not bullet-proof. It is based on 893 prices entered by 103 different people.
These prices were last updated on September 23, 2023.
Exchange rate:
1.004
USD
/
PAB
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For example, to keep the same standard of living that would require $9,600 in Tampa, Florida you would need to make just about $6,148 (6,126 B/.) in Panama City.
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