Singapore vs Panama City

Cost of living comparison for 2026. Panama City is roughly 38% more affordable than Singapore (index 31 vs 49, New York = 100). Data sourced live via AI — updated regularly.

Panama City
More affordable overall
38% cheaper than Singapore · Cost index: 31 vs 49

Life Power at $3,000/mo

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

Head-to-Head Stats

49Cost Index31✓
4,300✓Median Income /mo1,300
78✓Safety Index60
8✓Income Tax %15
63Internet (Mbps)75✓
295Coworking /mo200✓

Price Breakdown

SingaporeCategoryPanama City
$2,900/month
1-BR Apartment (Center)
54% ← cheaper
$1,320/month
$3.08/liter
Meal for One
68% ← cheaper
$1/liter
$9/meal
Restaurant (Mid-range)
25% cheaper →
$12/meal
$94/month
Monthly Transit Pass
78% ← cheaper
$21/month
$175/month
Utilities (Monthly)
29% ← cheaper
$124/month
$40/visit
Doctor Visit
$40/visit

Digital Nomad Profile

Singapore

Internet63 Mbps
Coworking$295/mo
Café WiFiexcellent
Englishhigh
Communitylarge
Walkability75/100

Panama City

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

Frequently Asked Questions

Is Singapore cheaper than Panama City?

Panama City is cheaper than Singapore. Panama City has a cost of living index of 31/100 compared to 49/100 for Singapore (New York = 100), making it roughly 38% more affordable overall.

How much cheaper is Panama City than Singapore?

Panama City is approximately 38% cheaper than Singapore based on cost index scores (31 vs 49, where New York = 100). A person spending $3,000/month in Singapore could live a similar lifestyle for roughly $1,875/month in Panama City.

What is the rent comparison between Singapore and Panama City?

In Singapore, a 1-bedroom apartment in the city center costs approximately $2,900/month. In Panama City, the equivalent is around $1,320/month.

Which city is better for digital nomads — Singapore or Panama City?

Both cities have nomad infrastructure. Singapore offers 63 Mbps internet and coworking at ~$295/month. Panama City offers 75 Mbps and coworking at ~$200/month. Panama City has a cost advantage of 38%.

What is the average income in Singapore vs Panama City?

The median net monthly salary in Singapore is approximately $4,300 USD, compared to $1,300 USD in Panama City.

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