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
Panama City vs New York
Pan vs Nyc

Average net salary (After tax)

New York
Panama City

Housing

  • Rent apartment
  • Buy apartment

Rent 1 bedroom apartment

Cost per month

In city centre
Nyc
Pan
Outside city centre
Nyc
Pan

Rent 3 bedroom apartment

Cost per month

In city centre
Nyc
Pan
Outside city centre
Nyc
Pan

Buy apartment

Price per m2

In city centre
Nyc
Pan
Outside city centre
Nyc
Pan

Mortgage rates

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

Utilities

  • Basic Utilities
  • Internet & Phone

Basic utilities

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

New York
Panama City

Internet

60 Mbps or more, unlimited data, Cable/ADSL

Nyc
Pan

Mobile phone data

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

Nyc
Pan

Transport

  • Public Transport
  • Car

One-way ticket

Local transport

Nyc
Pan

Monthly pass

Regular price

Nyc
Pan

Fuel prices

Per Litre

New York
Panama City

Buying a new car

Volkswagen Golf 1.4 90KW Trendline (Or equivalent)

Nyc
Pan
Compare our
car insurance prices

Groceries

  • Staples
  • Meat
  • Produce
  • Cigarettes

Staples

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

Pack of cigarettes

(Marlboro)

New York
Panama City

Meat & cheese

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

Vegetables

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

Fruit

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

Eating Out

  • Food
  • Drinks

Meal for two

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

Mcdonalds McMeal

Or equivalent combo meal

New York
4.5%
Panama City
5.5%

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

Drinks

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

Alcohol

  • Beer
  • Wine

Domestic beer

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

Imported beer

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

Bottle of wine

Mid-range, from supermarket

New York
5
Panama City

Clothing

  • Clothing
  • Shoes

Pair of jeans

Levis 501 or similar

Nyc
Pan

Summer dress

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

Nyc
Pan

Shoes

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

Leisure

  • Cinema
  • Sports

Cinema

One ticket for an international release

New York
$15.33
Panama City
$11.43

Tennis court rental

One hour on weekend

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

Fitness club

Monthly fee for one adult

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