New York vs Panama City
Home Price & Cost of Living Comparison
Live DataLast updated: March 31, 2026·Source: OECD, Numbeo & National Statistics
💡 Why it matters: New York vs Panama City
Panama City is 76% more affordable for homebuyers. New York has a price-to-income ratio of 9.2x compared to 7.5x in Panama City.
| Metric | New York | Panama City |
|---|---|---|
| Avg Home Price | $750,000 | $180,000 |
| Price / sqm | $12,500 | $2,500 |
| Rent (1BR) | $3,500/mo | $800/mo |
| Rent (3BR) | $5,500/mo | $1,400/mo |
| Price-to-Income | 9.2x | 7.5x |
| Mortgage Rate | 6.8% | 6.5% |
| 1yr Change | +2.1% | +2.5% |
| Median Income | $82,000/yr | $24,000/yr |
| Population | 8,300,000 | 880,000 |
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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 New York or Panama City more expensive?
Panama City is more affordable. Home prices differ by $570,000 (76%).
Which city has cheaper rent, New York or Panama City?
Rent for a 1BR in New York is $3,500/mo vs $800/mo in Panama City.
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