Melbourne vs Panama City
Home Price & Cost of Living Comparison
Live DataLast updated: March 31, 2026·Source: OECD, Numbeo & National Statistics
💡 Why it matters: Melbourne vs Panama City
Panama City is 74% more affordable for homebuyers. Melbourne has a price-to-income ratio of 9.2x compared to 7.5x in Panama City.
| Metric | Melbourne | Panama City |
|---|---|---|
| Avg Home Price | $680,000 | $180,000 |
| Price / sqm | $8,500 | $2,500 |
| Rent (1BR) | $2,200/mo | $800/mo |
| Rent (3BR) | $3,200/mo | $1,400/mo |
| Price-to-Income | 9.2x | 7.5x |
| Mortgage Rate | 6.2% | 6.5% |
| 1yr Change | +3.2% | +2.5% |
| Median Income | $74,000/yr | $24,000/yr |
| Population | 5,100,000 | 880,000 |
📊
HomePricePeek Research TeamData Specialists
Our team analyzes data from OECD, Numbeo & National Statistics to deliver accurate, up-to-date information. All data is verified and cross-referenced with official sources.
✓ OECD, Numbeo & National Statistics✓ Updated 2025
Frequently Asked Questions
Is Melbourne or Panama City more expensive?
Panama City is more affordable. Home prices differ by $500,000 (74%).
Which city has cheaper rent, Melbourne or Panama City?
Rent for a 1BR in Melbourne is $2,200/mo vs $800/mo in Panama City.
Explore the DataPeek Network