Panama City vs Algarve
Cost of living comparison for expats considering Panama City or Algarve, Mexico.
Based on a typical expat lifestyle
Algarve is 19% cheaper than Panama City
Monthly savings
$511
Panama
Panama City
$2,715
$47,513
Portugal
Algarve
$2,204
$38,570
Cheaper option
Category Breakdown
Housing (Rent)
Utilities
Groceries
Dining Out
Transportation
Lifestyle & Entertainment
Healthcare
Phone & Subscriptions
Based on a typical expat lifestyle: 1BR furnished apartment in mid-range neighborhood, mix of cooking/eating out, rideshare transportation, moderate entertainment, basic health insurance.
City Insights
Panama City
Air conditioning is the major variable. Heavy AC usage in this tropical climate can push electricity to $200-300+/month. The Metro ($0.35/ride) makes car-free living possible in central areas. Pensionado discounts provide 25% off utilities for eligible retirees. Imported groceries cost 50%+ more than local products—shopping at Super 99 versus Riba Smith makes a significant difference.
Algarve
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These estimates use a typical expat profile. Adjust housing, dining, and lifestyle preferences to match your actual situation.
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