Cost of living in Panama City (Panama) is 24% cheaper than in Traverse City, Michigan (United States)
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This comparison is lacking data. It provides a decent comparison, but it is not yet reliable. It is based on 742 prices entered by 81 different people.
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Currency:
| Food | - 17% | |||
|---|---|---|---|---|
| Food in Panama City (Panama) is 17% cheaper than in Traverse City, Michigan (United States) | ||||
| Update prices | Update prices | |||
| Panama City | Traverse City, Michigan | Diff | ||
| Basic lunchtime menu (including a drink) in the business district | 17 B/. ($17) | $17 | - 3% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 8 B/. ($8) | $8 | - 5% | |
| 500 gr (1 lb.) of boneless chicken breast | 4.42 B/. ($4.44) | $5.60 | - 21% | |
| 1 liter (1 qt.) of whole fat milk | 1.67 B/. ($1.68) | $0.65 | + 158% | |
| 12 eggs, large | 2.74 B/. ($2.75) | $2.40 | + 15% | |
| 1 kg (2 lb.) of tomatoes | 2.42 B/. ($2.43) | $3.94 | - 38% | |
| 500 gr (16 oz.) of local cheese | 8 B/. ($8) | $5.30 | + 56% | |
| 1 kg (2 lb.) of apples | 2.88 B/. ($2.90) | $3.30 | - 12% | |
| 1 kg (2 lb.) of potatoes | 2.05 B/. ($2.06) | $1.75 | + 17% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 1.57 B/. ($1.58) | $6 | - 75% | |
| 1 bottle of red table wine, good quality | 17 B/. ($17) | $15 | + 13% | |
| 2 liters of coca-cola | 2.52 B/. ($2.53) | $2.15 | + 18% | |
| Bread for 2 people for 1 day | 1.55 B/. ($1.56) | $2.40 | - 35% | |
| Housing | - 36% | |||
| Housing in Panama City (Panama) is 36% cheaper than in Traverse City, Michigan (United States) | ||||
| Update prices | Update prices | |||
| Panama City | Traverse City, Michigan | Diff | ||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 1,370 B/. ($1,377) | $2,116 | - 35% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 898 B/. ($902) | $1,352 | - 33% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 151 B/. ($152) | $221 | - 31% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 988 B/. ($993) | $1,465 | - 32% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 645 B/. ($648) | $960 | - 33% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 99 B/. ($100) | $152 | - 34% | |
| Internet 8 mbps (1 month) | 45 B/. ($46) | $60 | - 24% | |
| 40” flat screen tv | 329 B/. ($331) | $310 | + 7% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 103 B/. ($104) | $240 | - 57% | |
| Laundry detergent (3 l. ~ 100 oz.) | 8 B/. ($8) | $10 | - 22% | |
| Hourly rate for cleaning help | 5.12 B/. ($5.15) | $29 | - 82% | |
| Clothes | - 23% | |||
| Clothes in Panama City (Panama) is 23% cheaper than in Traverse City, Michigan (United States) | ||||
| Update prices | Update prices | |||
| Panama City | Traverse City, Michigan | Diff | ||
| 1 pair of jeans (levis 501 or similar) | 51 B/. ($51) | $53 | - 4% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 34 B/. ($34) | $49 | - 31% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 90 B/. ($90) | $91 | - 1% | |
| 1 pair of men’s leather business shoes | 92 B/. ($92) | $132 | - 30% | |
| Transportation | - 30% | |||
| Transportation in Panama City (Panama) is 30% cheaper than in Traverse City, Michigan (United States) | ||||
| Update prices | Update prices | |||
| Panama City | Traverse City, Michigan | Diff | ||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 22,565 B/. ($22,676) | $22,420 | + 1% | |
| 1 liter (1/4 gallon) of gas | 1.18 B/. ($1.19) | $0.80 | + 48% | |
| Monthly ticket public transport | 35 B/. ($36) | $69 | - 49% | |
| Taxi trip on a business day, basic tariff, 8 km. (5 miles) | 9 B/. ($9) | - | - | |
| Personal Care | + 33% | |||
| Personal Care in Panama City (Panama) is 33% more expensive than in Traverse City, Michigan (United States) | ||||
| Update prices | Update prices | |||
| Panama City | Traverse City, Michigan | Diff | ||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 9 B/. ($9) | $5.35 | + 61% | |
| 1 box of antibiotics (12 doses) | 25 B/. ($25) | $3.00 | + 748% | |
| Short visit to private doctor (15 minutes) | 41 B/. ($42) | $106 | - 61% | |
| 1 box of 32 tampons (tampax, ob, ...) | 7 B/. ($7) | $4.22 | + 76% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 4.29 B/. ($4.31) | $2.63 | + 64% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 8 B/. ($8) | $3.67 | + 108% | |
| 4 rolls of toilet paper | 3.99 B/. ($4.01) | $3.13 | + 28% | |
| Tube of toothpaste | 3.61 B/. ($3.62) | $1.64 | + 122% | |
| Standard men's haircut in expat area of the city | 17 B/. ($17) | $22 | - 22% | |
| Entertainment | - 17% | |||
| Entertainment in Panama City (Panama) is 17% cheaper than in Traverse City, Michigan (United States) | ||||
| Update prices | Update prices | |||
| Panama City | Traverse City, Michigan | Diff | ||
| Basic dinner out for two in neighborhood pub | 33 B/. ($33) | $47 | - 29% | |
| 2 tickets to the movies | 14 B/. ($14) | $19 | - 25% | |
| 2 tickets to the theater (best available seats) | 43 B/. ($43) | $30 | + 44% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 54 B/. ($54) | $100 | - 46% | |
| 1 cocktail drink in downtown club | 11 B/. ($11) | $9 | + 22% | |
| Cappuccino in expat area of the city | 5.90 B/. ($5.92) | $5.04 | + 18% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 2.75 B/. ($2.77) | $5.87 | - 53% | |
| Ipad wi-fi 128gb | 590 B/. ($593) | - | - | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 0.29 B/. ($0.29) | - | - | |
| 1 month of gym membership in business district | 53 B/. ($53) | $40 | + 33% | |
| 1 package of marlboro cigarettes | 5.98 B/. ($6) | $8 | - 24% | |
 |
TOTAL | - 24% | ||
This comparison is lacking data. It provides a decent comparison, but it is not yet reliable. It is based on 742 prices entered by 81 different people.
These prices were last updated on June 02, 2023.
Exchange rate:
1.005
USD
/
PAB
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For example, to keep the same standard of living that would require $6,400 in Traverse City, Michigan you would need to make just about $4,854 (4,830 B/.) in Panama City.
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