Busan vs Panama City - Cost of Living Comparison

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Livingcost

Busan Panama City
🚶 Cost of living one person
$1084
$1590
👨‍👩‍👧‍👦 Cost of living Family
$2785
$3556
🏠 One person rent
$427
$946
🏘️ Family rent
$736
$1545
🍽️ Food expenses
$428
$439
🚐 Transport expenses
$135
$100
💳 Monthly salary after tax
$2425
$973
😷 Air quality
Moderate
Excellent
✈️ Airport proximity
13 km
7 km
🎓 Higher education
72
42
😀 Quality of life
91
71
🏙️ Population
3.45M
1.54M

The cost of living in Busan is 32% less expensive than in Panama City. Cities ranked 5063rd and 3634th ($1084 vs $1590) in the list of the most expensive cities in the world and ranked 11th and 1st in South Korea and Panama, respectively. Check South Korea vs Panama comparison.

The average after-tax salary is enough to cover living expenses for 2.2 months in Busan compared to 0.6 months in Panama City. Busan ranked 3rd best city to live in South Korea vs Panama City ranked 1st in Panama, while ranked 120th and 3213th among best cities to live in the world.

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Prices in Busan vs Panama City

Prices for goods and services in Busan and Panama City are partly crowdsourced by our visitors, just like yourself. Please consider telling us about your city.

Busan Panama City
Eating Out
🍱 Lunch Menu
$5.61
$9.69
🥂 Dinner in a Restaurant, for 2
$33
$45.4
🥪 Fast food meal, equiv. McDonald's
$5.41
$8.03
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$3.03
$2.93
☕ Cappuccino
$3.37
$4.3
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$1.62
$1.82
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$489
$1068
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$270
$747
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$882
$1913
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$498
$1223
🔌 Utility Bill one person, electricity, heating, water, etc.
$91
$90.4
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$138
$140
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$22.8
$44.6
🏦 Mortgage Interest Rate for 20 Years
4.26%
6.27%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$9604
$3111
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$7017
$1732
Transportation
🚌 Local transport ticket
$0.99
$0.35
🎟️ Monthly ticket local transport
$46.9
$22.5
🚕 Taxi Ride, 8 km or 5 mi
$9.86
$14.7
⛽ Gas / Petrol, 1 L or 0.26 gal
$1.11
$0.98
Groceries
🥛 Milk, 1 L or 1 qt
$1.91
$1.83
🍞 Bread, 0.5 kg or 1.1 lb
$2.45
$2.17
🍚 Rice, 1 kg or 2.2 lb
$2.41
$2.34
🥚 Eggs, x12
$2.48
$3.11
🧀 Cheese, 1 kg or 2.2 lb
$11.9
$12.1
🐔 Chicken Breast, 1 kg or 2.2 lb
$8.89
$7.11
🥩 Round Steak, 1 kg or 2.2 lb
$22.1
$10.6
🍏 Apples, 1 kg or 2.2 lb
$6.76
$3.56
🍌 Banana, 1 kg or 2.2 lb
$3.2
$1.54
🍊 Oranges, 1 kg or 2.2 lb
$7.1
$3.7
🍅 Tomato, 1 kg or 2.2 lb
$4.74
$3.36
🥔 Potato, 1 kg or 2.2 lb
$3.1
$2.62
🧅 Onion, 1 kg or 2.2 lb
$2.93
$3.19
🌊 Water, 1 L or 1 qt
$0.77
$1.24
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$1.81
$2.37
🍾 Wine (mid-priced), 750 mL bottle
$14.2
$12.1
🍺 Beer, 0.5 L or 16 fl oz
$1.93
$1.35
🚬 Cigarette pack
$2.91
$5.95
💊 Cold medicince, 1 week
$3.99
$8.08
🧴 Hair Shampoo
$3.47
$7.95
🧻 Toilet paper, 4 rolls
$1.47
$2.92
👄 Toothpaste, 1 tube
$1.2
$3.05
Other
🏋️ Gym Membership, 1 month
$46.7
$41.9
🎫 Cinema Ticket, 1 person
$9.35
$7.52
👩‍⚕️ Doctor's visit
$20.9
$42.9
💇 Haircut, simple
$8.04
$14.5
👖 Brand Jeans
$79.6
$58.4
👟 Brand Sneakers
$74.9
$90.7
👶 Daycare or Preschool, 1 month
$529
$505
🏫 International Primary School, 1 year
$17592
$11486

Cost of living in other countries

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Cost of Living in the nearest cities

Cities near Busan

Distance City Cost of living
21 km or 13 mi Gimhae
$1014
27 km or 16 mi Yangsan
$1044
40 km or 25 mi Changwon
$1013
46 km or 28 mi Masan
$992
50 km or 31 mi Geoje
$946
51 km or 32 mi Miryang
$1023
56 km or 35 mi Ulsan
$957
63 km or 39 mi Tongyeong
$982
64 km or 40 mi Sacheon
$974
81 km or 50 mi Tsushima Island
$899
84 km or 52 mi Gyeongsan
$943
85 km or 53 mi Gyeongju
$924
87 km or 54 mi Jinju
$1051
94 km or 58 mi Daegu
$992
98 km or 61 mi Yeongcheon
$964
102 km or 64 mi Tsushima
$896
108 km or 67 mi Pohang
$989
123 km or 77 mi Gwangyang
$955
131 km or 82 mi Yeosu
$954
138 km or 86 mi Gumi
$914
141 km or 88 mi Gimcheon
$887
142 km or 88 mi Suncheon
$973
154 km or 96 mi Namwon
$930
162 km or 101 mi Iki
$892
165 km or 103 mi Andong
$883
166 km or 103 mi Sangju
$919
183 km or 113 mi Mungyeong
$931
189 km or 118 mi Jeonju
$771
193 km or 120 mi Gwangju
$957
195 km or 121 mi Yeongju
$961
198 km or 123 mi Hirado
$885
199 km or 124 mi Munakata
$914
199 km or 124 mi Fukutsu
$907
200 km or 124 mi Okagaki
$928
201 km or 125 mi Koga
$901
201 km or 125 mi Shingu
$898
202 km or 125 mi Itoshima
$890
202 km or 126 mi Karatsu
$881
204 km or 127 mi Daejeon
$905
205 km or 127 mi Jeongeup
$922

Cities near Panama City

Distance City Cost of living
8.1 km or 5 mi Balboa
$1396
16 km or 9.9 mi Tocumen
$1373
26 km or 16 mi Pacora
$1361
34 km or 21 mi La Chorrera
$982
59 km or 37 mi Colon
$1185
108 km or 67 mi Penonome
$1147
154 km or 96 mi Chitre
$1144
190 km or 118 mi Santiago de Veraguas
$1112
321 km or 199 mi Turbo
$797
329 km or 204 mi David
$909
398 km or 247 mi Monteria
$733
403 km or 250 mi Limon
$1228
406 km or 252 mi Santa Cruz de Lorica
$789
452 km or 281 mi Sincelejo
$586
463 km or 288 mi Cartagena
$1186
483 km or 300 mi Quibdo
$802
494 km or 307 mi Cartago
$1361
513 km or 319 mi San Jose
$1574
518 km or 322 mi Heredia
$1471
521 km or 324 mi Magangue
$727
526 km or 327 mi Bello
$1012
529 km or 329 mi Alajuela
$1362
530 km or 329 mi Medellin
$1162
534 km or 332 mi Envigado
$1041
558 km or 347 mi Soledad
$967
559 km or 348 mi Barranquilla
$931
595 km or 370 mi Puntarenas
$872
617 km or 383 mi Cartago
$769
617 km or 383 mi Cienaga
$882
623 km or 387 mi Manizales
$737
627 km or 390 mi Santa Teresa
$1325
627 km or 390 mi Pereira
$862
631 km or 392 mi Santa Marta
$973
632 km or 393 mi Buenaventura
$856
636 km or 395 mi Minca
$891
651 km or 404 mi Salento
$749
652 km or 405 mi Armenia
$749
657 km or 408 mi Tulua
$563
658 km or 409 mi Barrancabermeja
$1001
675 km or 419 mi Liberia
$1024