London
Panama City

London vs Panama City — Cost of Living Comparison

London
United Kingdom
VS
Panama City
Panama
Estimated average living costs are ~65% lower in Panama City

London

$3,850

avg. monthly cost

Population

8,982,000

Safety

55/100

Quality

70/100

Cost
92
Safety
55
Life
70

Panama City

$1,350

avg. monthly cost

Population

880,691

Safety

50/100

Quality

58/100

Cost
45
Safety
50
Life
58

Data last updated:

Compare Two Cities

Estimated average living costs are ~65% lower in Panama City

Overall Monthly Cost Comparison

London

$3,850

estimated per month

Panama City

$1,350

estimated per month

Difference

-64.9%

Monthly savings

$2,500

Yearly savings

$30,000

Figures shown are estimated averages for general comparison purposes only and may not reflect individual spending patterns.

Cost Comparison by Category

Monthly averages side by side

Estimated Salary Equivalency (Informational)

What you'd need to earn for the same lifestyle

This calculation provides an estimated comparison based on average living costs and does not represent financial or employment advice.

$/year (USD)

$26,299

-$48,701/year (USD)

Salary equivalency figures are illustrative estimates only and should not be used for employment, negotiation, or financial planning decisions.

Detailed Category Breakdown

Item-by-item price comparison across 7 categories

ItemLondonPanama CityDiff
1-Bedroom Apartment (City Center)(per month)
$2,200.00$900.00
-59.1%
1-Bedroom Apartment (Outside Center)(per month)
$1,550.00$580.00
-62.6%
3-Bedroom Apartment (City Center)(per month)
$3,900.00$1,650.00
-57.7%
3-Bedroom Apartment (Outside Center)(per month)
$2,600.00$1,050.00
-59.6%
ItemLondonPanama CityDiff
Meal at Inexpensive Restaurant(per meal)
$18.00$7.00
-61.1%
Meal for 2 at Mid-Range Restaurant(per meal)
$80.00$35.00
-56.2%
McMeal at McDonald's(per meal)
$9.00$7.00
-22.2%
Milk (1 liter)(per liter)
$1.30$1.40
+7.7%
Bread (500g loaf)(per loaf)
$1.40$1.80
+28.6%
Rice (1 kg)(per kg)
$1.80$1.10
-38.9%
Eggs (12)(per dozen)
$3.20$2.40
-25.0%
Chicken Breast (1 kg)(per kg)
$8.50$5.20
-38.8%
Apples (1 kg)(per kg)
$2.50$2.80
+12.0%
Banana (1 kg)(per kg)
$1.40$1.00
-28.6%
ItemLondonPanama CityDiff
Monthly Public Transit Pass(per month)
$185.00$25.00
-86.5%
One-Way Ticket (Local Transport)(per trip)
$3.50$0.35
-90.0%
Taxi Start (Normal Tariff)(base fare)
$4.50$1.50
-66.7%
Taxi 1km (Normal Tariff)(per km)
$2.20$0.75
-65.9%
Gasoline (1 liter)(per liter)
$1.85$0.95
-48.6%
ItemLondonPanama CityDiff
Basic Utilities (85m² Apt)(per month)
$250.00$100.00
-60.0%
Mobile Phone Plan(per month)
$25.00$20.00
-20.0%
Internet (60 Mbps+)(per month)
$38.00$35.00
-7.9%
ItemLondonPanama CityDiff
Doctor Visit(per visit)
$75.00$35.00
-53.3%
Dentist Visit(per visit)
$95.00$45.00
-52.6%
Prescription Medicine (avg)(per prescription)
$12.00$10.00
-16.7%
ItemLondonPanama CityDiff
Fitness Club Monthly(per month)
$55.00$40.00
-27.3%
Cinema Ticket(per ticket)
$16.00$5.50
-65.6%
Cappuccino(per cup)
$4.50$3.50
-22.2%
Beer (0.5l) at Restaurant(per glass)
$7.50$3.50
-53.3%
ItemLondonPanama CityDiff
Pair of Jeans (Levi's)(per pair)
$78.00$50.00
-35.9%
Summer Dress (Chain Store)(per item)
$42.00$35.00
-16.7%
Running Shoes (Nike, Adidas)(per pair)
$95.00$75.00
-21.1%

Category values are aggregated estimates and may vary by neighborhood, lifestyle, and market conditions.

Frequently asked questions: London vs Panama City

Is London or Panama City more expensive?
London is more expensive, with a cost of living index of 92 compared with 45 for Panama City.
How much cheaper is Panama City than London?
Living in Panama City is around 51% cheaper than London, based on their overall cost of living indices.
What is the cost of living difference between London and Panama City?
London scores 92 out of 100 on our cost of living index, while Panama City scores 45 — where New York City equals 100.