Cost of Living & Income: Shanghai vs Panama City

ℹ️ About the data: the figures for Shanghai and Panama City are averages compiled from millions of user-contributed income and living-cost entries worldwide over the last 12 months (updated July 2026), converted to Chinese yuan (CNY, ¥). Green 🟢 marks a higher income or a lower price. Source: NUMBEO, which is widely cited by international media; the Seapoe team compiled, translated and processed the data.

Income comparison

MetricShanghaiPanama CityShanghai vs Panama City
💰 Average monthly net salary¥11,735¥6,281Shanghai earns 1.9× the salary in Panama City

Daily expenses

MetricShanghaiPanama CityShanghai vs Panama City
🍜 Meal, inexpensive restaurant¥30¥68Panama City costs 2.25× the price in Shanghai
🍝 Meal for two, mid-range restaurant (3 courses)¥200¥304Panama City costs 1.52× the price in Shanghai
🍔 McMeal at McDonald's (or equivalent)¥35¥54Panama City costs 1.54× the price in Shanghai
💧 Utilities, 85 m² apartment (monthly)¥429.8¥866.3Panama City costs 2.02× the price in Shanghai
💻 Broadband internet, 60 Mbps+ (monthly)¥76.5¥320.1Panama City costs 4.19× the price in Shanghai
📱 Mobile plan, calls + 10 GB+ data (monthly)¥52.7¥202.2Panama City costs 3.84× the price in Shanghai
💪 Gym membership (monthly)¥462.0¥305.4Shanghai costs 1.51× the price in Panama City
🎬 Cinema ticket, international release¥60.0¥55.7Shanghai costs 1.08× the price in Panama City
⛽ Petrol (1 litre)¥8.6¥7.9Shanghai costs 1.08× the price in Panama City

Supermarket prices

MetricShanghaiPanama CityShanghai vs Panama City
🥩 Beef round (1 kg)¥88.8¥65.4Shanghai costs 1.36× the price in Panama City
🥚 Eggs (12)¥12.3¥17.9Panama City costs 1.45× the price in Shanghai
🥛 Milk (1 litre)¥13.6¥12.6Shanghai costs 1.08× the price in Panama City
🍞 Bread (500 g)¥13.0¥15.7Panama City costs 1.20× the price in Shanghai
🍏 Apples (1 kg)¥15.5¥28.0Panama City costs 1.80× the price in Shanghai
🥔 Potatoes (1 kg)¥5.6¥19.5Panama City costs 3.51× the price in Shanghai
🍅 Tomatoes (1 kg)¥12.0¥27.3Panama City costs 2.28× the price in Shanghai
🍺 Domestic beer (500 ml)¥6.1¥9.0Panama City costs 1.48× the price in Shanghai
🍷 Wine, mid-range bottle¥77.5¥74.3Shanghai costs 1.04× the price in Panama City

Rent & property prices

MetricShanghaiPanama CityShanghai vs Panama City
🛌 Rent, 1-bedroom in city centre (monthly)¥6,371¥8,505Panama City costs 1.33× the price in Shanghai
🛌 Rent, 1-bedroom outside centre (monthly)¥3,832¥6,086Panama City costs 1.59× the price in Shanghai
🚪 Rent, 3-bedroom in city centre (monthly)¥16,000¥13,756Shanghai costs 1.16× the price in Panama City
🚪 Rent, 3-bedroom outside centre (monthly)¥8,594¥10,137Panama City costs 1.18× the price in Shanghai
🏡 Apartment price per m², city centre¥93,933¥20,870Shanghai costs 4.50× the price in Panama City
🏡 Apartment price per m², outside centre¥44,760¥11,457Shanghai costs 3.91× the price in Panama City