Question 1

How far does your money go in San Miguelito compared with the US?

Accepted Answer

Based on the current PPP estimate, the same home-country income goes about 2.5x further in San Miguelito. We are using the country-level cost index for Panama here because a defensible city-level aggregate index is not available yet.

Question 2

Is San Miguelito cheaper or more expensive overall than New York City?

Accepted Answer

Overall living costs are about 55% cheaper than New York City for San Miguelito. We are using the country-level cost index for Panama here because a defensible city-level aggregate index is not available yet.

Question 3

How does rent in San Miguelito compare with New York City?

Accepted Answer

Rent are about 77% cheaper than New York City in San Miguelito. We are using the country-level cost index for Panama here because a defensible city-level aggregate index is not available yet.

Question 4

How expensive are groceries and restaurants in San Miguelito?

Accepted Answer

Groceries are about 49% cheaper than New York City and restaurant prices are about 57% cheaper than New York City. We are using the country-level cost index for Panama here because a defensible city-level aggregate index is not available yet.

San Miguelito, Panama

Purchasing Power vs. United States

How Far Your Money Goes

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