Panama City vs Sofia
Home Price & Cost of Living Comparison
Live DataLast updated: March 31, 2026·Source: OECD, Numbeo & National Statistics
💡 Why it matters: Panama City vs Sofia
Sofia is 33% more affordable for homebuyers. Panama City has a price-to-income ratio of 7.5x compared to 6.2x in Sofia.
| Metric | Panama City | Sofia |
|---|---|---|
| Avg Home Price | $180,000 | $120,000 |
| Price / sqm | $2,500 | $2,200 |
| Rent (1BR) | $800/mo | $450/mo |
| Rent (3BR) | $1,400/mo | $750/mo |
| Price-to-Income | 7.5x | 6.2x |
| Mortgage Rate | 6.5% | 5.5% |
| 1yr Change | +2.5% | +8.5% |
| Median Income | $24,000/yr | $19,000/yr |
| Population | 880,000 | 1,300,000 |
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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 Panama City or Sofia more expensive?
Sofia is more affordable. Home prices differ by $60,000 (33%).
Which city has cheaper rent, Panama City or Sofia?
Rent for a 1BR in Panama City is $800/mo vs $450/mo in Sofia.
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