Cost of Living in Anchorage vs Panama City

Cost of living in Anchorage is 57% higher than in Panama City (without rent).

Rent in Anchorage is 90% more expensive than in Panama City.

Cost of living including rent in Anchorage is 75% higher than in Panama City.

Food in Anchorage is 59% more expensive than in Panama City.

Transport in Anchorage is very similar to Panama City.

Anchorage vs. Panama City Comparision

Anchorage Panama City
Cost of Living, including rent
2,417 $
1,384 $
Without Rent
991 $
633 $
Rent & Utilities
1,427 $
751 $
Food
705 $
444 $
Transport
84 $
84 $
Monthly Salary, after tax
4,462 $
914 $
Quality of Life
83
66
Population
291.0K
881.0K

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Anchorage Panama City

Restaurants

Lunch menu,
inexpensive restaurant
21 $ 12.3 $
Dinner, for 2 88.1 $ 55.2 $
Fast food, McDonalds or KFC 11.6 $ 7.6 $
Beer, 0.5 L or 16 fl oz 7.52 $ 2.94 $
Capuccino 5.05 $ 4.25 $
Coke, 330ml 2.54 $ 1.9 $

Markets

Milk, 1 L or 1 qt 1.16 $ 1.78 $
Bread, 0.5 kg or 1 lb 4.23 $ 2.12 $
Rice, 1 kg or 2 lb 4.44 $ 2.08 $
Eggs, 12 pack 3.1 $ 2.67 $
Cheese, 1 kg or 2 lb 12.5 $ 13.2 $
Chicken Breast, 1 kg or 2 lb 12.7 $ 7.23 $
Round Steak, 1 kg or 2 lb 20.7 $ 10.4 $
Apples, 1 kg or 2 lb 7.29 $ 3.11 $
Banana, 1 kg or 2 lb 1.98 $ 1.54 $
Oranges, 1 kg or 2 lb 6.01 $ 3.09 $
Potatoes, 1 kg or 2 lb 2.12 $ 2.19 $
Onions, 1 kg or 2 lb 3.09 $ 2.5 $
Water, 1 L or 1 qt 1.73 $ 1 $
Coca-Cola / Pepsi, 2 L or 67.6 fl oz 3.36 $ 2.51 $
Wine, 750 mL bottle 16.1 $ 9.03 $
Beer, 0.5 L or 16 fl oz 1.72 $ 1.14 $
Cigarette pack 11 $ 5.89 $

Transport

Local transport ticket, One-way Ticket 1.99 $ 0.35 $
Monthly pass, Monthly Ticket 60.5 $ 26.2 $
Gas or petrol, 1 L or 0.26 gal 1.08 $ 1.02 $
Taxi, 8 km 16.5 $ 13.9 $

Personal Care

Doctor visit, private clinic 181 $ 49.1 $
Cold medicine, for 1 week 9.19 $ 10.5 $
Hair shampoo, 400 ml or 12 oz 4.68 $ 6.97 $
Toilet paper, 4 rolls 4.43 $ 3.12 $
Toothpaste, 1 tube 2.47 $ 3.06 $

Utilities per Month

Utility bill - 1 person,
electricity, heating, water & garbage
215 $ 76.7 $
Utility bill - family,
electricity, heating, water & garbage
329 $ 118 $
Internet plan,
+60 Mbps
136 $ 47.4 $

Rent per Month

1 Bedroom Apartment, outside of center, 40 sq.m 1,041 $ 577 $
3 Bedroom Apartment, outside of center, 85 sq.m 2,123 $ 1,198 $
1 Bedroom Apartment, in city center, 40 sq.m 1,217 $ 827 $
3 Bedroom Apartment, in city center, 85 sq.m 2,378 $ 1,757 $

Buy Apartment Price

Price per Square Meter to Buy Apartment, in city center 2,682 $ 2,406 $
Price per Square Meter to Buy House, in suburbs 2,496 $ 1,535 $

Salaries and Financing

Average Monthly Net Salary, after tax 4,462 $ 914 $
Mortgage Interest Rate, for 20 years fixed-rate 6.61 % 6.12 %

Sports and Leisure

Fitness Club, Monthly Fee for 1 Adult 86.2 $ 43.8 $
Cinema, 1 seat 15 $ 6.71 $
Haircut 23.8 $ 13.7 $

Clothing and Shoes

Brand Sneakers, mid-range, Nike or similar 88.9 $ 90.2 $
Brand Jeans, Levis 501 45.1 $ 54.3 $

Childcare

Preschool, full day, monthly for 1 child 953 $ 437 $
International Primary School, yearly for 1 child 10,276 $ 9,531 $