Budget Direct Insurance Money Magazine's Insurer of the Year 2017, 2018, 2019, 2020, and 2021

Money magazine
Insurer of the
Year 2017-21

prices shown in
New York vs Panama City
Nyc vs Pan

Average net salary (After tax)

Panama City
New York

Housing

  • Rent apartment
  • Buy apartment

Rent 1 bedroom apartment

Cost per month

In city centre
Pan
Nyc
Outside city centre
Pan
Nyc

Rent 3 bedroom apartment

Cost per month

In city centre
Pan
Nyc
Outside city centre
Pan
Nyc

Buy apartment

Price per m2

In city centre
Pan
Nyc
Outside city centre
Pan
Nyc

Mortgage rates

Panama City
4.5%
New York
5.5%
Compare our
home insurance prices

Utilities

  • Basic Utilities
  • Internet & Phone

Basic utilities

Electricity, heating, water, Garbage for a 85m2 Apartment

Panama City
New York

Internet

60 Mbps or more, unlimited data, Cable/ADSL

Pan
Nyc

Mobile phone data

One-minute local prepaid call (no plan or discount)

Pan
Nyc

Transport

  • Public Transport
  • Car

One-way ticket

Local transport

Pan
Nyc

Monthly pass

Regular price

Pan
Nyc

Fuel prices

Per Litre

Panama City
New York

Buying a new car

Volkswagen Golf 1.4 90KW Trendline (Or equivalent)

Pan
Nyc
Compare our
car insurance prices

Groceries

  • Staples
  • Meat
  • Produce
  • Cigarettes

Staples

Milk 1L
Pan
Nyc
White bread 500g
Pan
Nyc
Eggs 12
Pan
Nyc
White rice 1kg
Pan
Nyc

Pack of cigarettes

(Marlboro)

Panama City
New York

Meat & cheese

Chicken breasts 1kg
Pan
Nyc
Beef round 1kg
Pan
Nyc
Local cheese 1kg
Pan
Nyc

Vegetables

Potatoes 1kg
Pan
Nyc
Lettuce 1 head
Pan
Nyc
Tomatoes 1kg
Pan
Nyc

Fruit

Apples 1kg
Pan
Nyc
Oranges 1 head
Pan
Nyc
Bananas 1kg
Pan
Nyc

Eating Out

  • Food
  • Drinks

Meal for two

Inexpensive restaurant 2 meals
Pan $4,070.74/mth
Nyc $4,070.74/mth
Mid-range restaurant Three-course meal for two people
Pan $4,070.74/mth
Nyc $4,070.74/mth

Mcdonalds McMeal

Or equivalent combo meal

Panama City
4.5%
New York
5.5%

Restaurant Prices in Panama City are 17.14% higher than in New York

Drinks

Coke/Pepsi 0.33L
bottle
Pan $4,070.74/mth
Nyc $4,070.74/mth
Water 0.33L
bottle
Pan $4,070.74/mth
Nyc $4,070.74/mth
Cappuccino regular
Pan $4,070.74/mth
Nyc $4,070.74/mth

Alcohol

  • Beer
  • Wine

Domestic beer

Restaurant 0.5L draught
Pan
Nyc
Market 0.5L bottle
Pan
Nyc

Imported beer

Restaurant 0.33L bottle
Pan
Nyc
Market 0.33L bottle
Pan
Nyc

Bottle of wine

Mid-range, from supermarket

Panama City
5
New York

Clothing

  • Clothing
  • Shoes

Pair of jeans

Levis 501 or similar

Pan
Nyc

Summer dress

From a chain store (e.g. Zara, H&M)

Pan
Nyc

Shoes

1 pair Nike shoes
Pan
Nyc
1 pair men's leather shoes
Pan
Nyc

Leisure

  • Cinema
  • Sports

Cinema

One ticket for an international release

Panama City
$15.33
New York
$11.43

Tennis court rental

One hour on weekend

Pan $4,070.74/mth
Nyc $4,070.74/mth

Fitness club

Monthly fee for one adult

Pan $4,070.74/mth
Nyc $4,070.74/mth