Cost of living
Madison compared to Panama City (United States)
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Overview comparison
MadisonPanama City (United States)
Consumer prices in Madison are roughly 46% higher than in Panama City (United States).
Cost of living
| Item | Madison | Panama City (United States) |
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| Total with rent one person | 2,257 | 1,324 |
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| Total with rent family | 5,483 | 3,902 |
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| Without rent one person | 881 | 729 |
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| Without rent one family | 2,777 | 2,063 |
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| Rent & Utilities person | 1,608.94 | 780.22 |
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| Rent & Utilities family | 2,274.91 | 1,575.96 |
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| Food person | 640 | 361 |
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| Food family | 1,894 | 1,230 |
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| Transport person | 84.44 | 97.02 |
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| Transport family | 233.7 | 243.5 |
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| Life expectancy | 78.22 years | 65.65 years |
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Eating Out
| Item | Madison | Panama City (United States) |
|---|
| Lunch Menu | 21.05 | 10.06 |
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| Dinner in a Restaurant, for 2 | 67.34 | 45.68 |
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| Fast food meal, equiv. McDonald's | 11.74 | 9.55 |
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| Beer in a Pub, 0.5 L or 16 fl oz | 6.72 | 3.4 |
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| Cappuccino | 4.43 | 4.24 |
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| Pepsi / Coke, 0.5 L or 16.9 fl oz | 2.67 | 2.25 |
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Rent & Utilities
| Item | Madison | Panama City (United States) |
|---|
| 1 bedroom apartment in city Center, 40 m2 or 430 ft2 | 1,757.05 | 1,019.09 |
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| Cheap 1 bedroom apartment, 40 m2 or 430 ft2 | 1,165.77 | 650.54 |
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| 3 bedroom apartment in city Center, 80 m2 or 860 ft2 | 2,494.75 | 1,619.61 |
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| Cheap 3 bedroom apartment, 80 m2 or 860 ft2 | 2,855.39 | 1,236.23 |
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| Utility Bill one person, electricity, heating, water, etc. | 109.34 | 60.78 |
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| Utility Bill for a Family, electricity, heating, water, etc. | 208 | 134.4 |
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| Internet plan, 25 Mbps+ 1 month unlimited | 57.94 | 40.78 |
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Transportation
| Item | Madison | Panama City (United States) |
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| Local transport ticket | 7.58 | 6.67 |
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| Monthly ticket local transport | 5,396 | 2,030 |
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| Taxi Ride, 8 km or 5 mi | 3,059 | 1,311 |
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| Gas / Petrol, 1 L or 0.26 gal | 2.69 | 0.33 |
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| Mortgage Interest Rate for 20 Years | 72.09% | 30.15% |
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| Apartment price to Buy in city Center, 1 m2 or 10 ft2 | 19.46 | 13.45 |
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| House price to Buy in Suburbs, 1 m2 or 10 ft2 | 1.17 | 0.85 |
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Groceries
| Item | Madison | Panama City (United States) |
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| Milk, 1 L or 1 qt | 0.93 | 1.58 |
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| Bread, 0.5 kg or 1.1 lb | 3.72 | 2.37 |
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| Eggs, x12 | 4 | 3.09 |
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| Cheese, 1 kg or 2.2 lb | 15.48 | 10.42 |
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| Chicken Breast, 1 kg or 2.2 lb | 11.46 | 7.68 |
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| Round Steak, 1 kg or 2.2 lb | 18.36 | 10.01 |
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| Banana, 1 kg or 2.2 lb | 1.48 | 1.7 |
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| Water, 1 L or 1 qt | 1.32 | 0.85 |
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Other
| Item | Madison | Panama City (United States) |
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| Gym Membership, 1 month | 44.6 | 45.37 |
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| Cinema Ticket, 1 person | 13.01 | 7.75 |
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| Doctors visit | 114.7 | 42.91 |
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| Haircut, simple | 21.38 | 15.36 |
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| Brand Jeans | 47.7 | 62.7 |
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| Brand Sneakers | 87.14 | 77.22 |
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| Daycare or Preschool, 1 month | 1,466.6 | 429.46 |
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| International Primary School, 1 year | 17,649 | 9,227 |
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