Panama City vs Port of Spain

Cost of living comparison for 2026. Port of Spain is roughly 5% more affordable than Panama City (index 29 vs 31, New York = 100). Data sourced live via AI — updated regularly.

Port of Spain
More affordable overall
5% cheaper than Panama City · Cost index: 29 vs 31

Life Power at $3,000/mo

The same salary ranks differently depending on where you live — from Beggar to King.

Head-to-Head Stats

31Cost Index29✓
1,300✓Median Income /mo1,200
60✓Safety Index24
15✓Income Tax %25
75Internet (Mbps)75
200Coworking /mo180✓

Price Breakdown

Panama CityCategoryPort of Spain
$1,320/month
1-BR Apartment (Center)
39% ← cheaper
$810/month
$1/liter
Meal for One
52% cheaper →
$2.1/liter
$12/meal
Restaurant (Mid-range)
33% cheaper →
$18/meal
$21/month
Monthly Transit Pass
81% cheaper →
$109/month
$124/month
Utilities (Monthly)
10% ← cheaper
$112/month
$40/visit
Doctor Visit
67% cheaper →
$120/visit

Digital Nomad Profile

Panama City

Internet75 Mbps
Coworking$200/mo
Café WiFigood
Englishmoderate
Communitygrowing
Walkability55/100

Port of Spain

Internet75 Mbps
Coworking$180/mo
Café WiFifair
Englishhigh
Communitysmall
Walkability65/100

Frequently Asked Questions

Is Panama City cheaper than Port of Spain?

Port of Spain is cheaper than Panama City. Port of Spain has a cost of living index of 29/100 compared to 31/100 for Panama City (New York = 100), making it roughly 5% more affordable overall.

How much cheaper is Port of Spain than Panama City?

Port of Spain is approximately 5% cheaper than Panama City based on cost index scores (29 vs 31, where New York = 100). A person spending $3,000/month in Panama City could live a similar lifestyle for roughly $2,836/month in Port of Spain.

What is the rent comparison between Panama City and Port of Spain?

In Panama City, a 1-bedroom apartment in the city center costs approximately $1,320/month. In Port of Spain, the equivalent is around $810/month.

Which city is better for digital nomads — Panama City or Port of Spain?

Both cities have nomad infrastructure. Panama City offers 75 Mbps internet and coworking at ~$200/month. Port of Spain offers 75 Mbps and coworking at ~$180/month. Port of Spain has a cost advantage of 5%.

What is the average income in Panama City vs Port of Spain?

The median net monthly salary in Panama City is approximately $1,300 USD, compared to $1,200 USD in Port of Spain.

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