Busan vs Panama City - Cost of Living Comparison

Updated:

Livingcost

Busan Panama City
🚶 Cost of living one person
$1114
$1583
👨‍👩‍👧‍👦 Cost of living Family
$2827
$3567
🏠 One person rent
$430
$976
🏘️ Family rent
$741
$1633
🍽️ Food expenses
$443
$432
🚐 Transport expenses
$144
$69.1
💳 Monthly salary after tax
$2595
$936
😷 Air quality
Moderate
Excellent
✈️ Airport proximity
13 km
7 km
🎓 Higher education
72
42
😀 Quality of life
92
69
🏙️ Population
3.45M
410K

The cost of living in Busan is 30% less expensive than in Panama City. Cities ranked 5007th and 3744th ($1114 vs $1583) 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 2.3 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 121st and 4400th 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
$5.89
$10.6
🥂 Dinner in a Restaurant, for 2
$32.2
$45.3
🥪 Fast food meal, equiv. McDonald's
$5.33
$7.39
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$3.24
$2.97
☕ Cappuccino
$3.77
$3.94
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$1.65
$1.71
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$478
$1062
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$269
$794
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$873
$1911
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$493
$1347
🔌 Utility Bill one person, electricity, heating, water, etc.
$95.3
$82.5
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$148
$128
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$24
$45.4
🏦 Mortgage Interest Rate for 20 Years
4.2%
6.26%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$8921
$3048
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$7114
$1725
Transportation
🚌 Local transport ticket
$1.03
$0.35
🎟️ Monthly ticket local transport
$49.9
$22.2
🚕 Taxi Ride, 8 km or 5 mi
$10.6
$17.4
⛽ Gas / Petrol, 1 L or 0.26 gal
$1.14
$0.93
Groceries
🥛 Milk, 1 L or 1 qt
$1.97
$1.84
🍞 Bread, 0.5 kg or 1.1 lb
$2.59
$2.23
🍚 Rice, 1 kg or 2.2 lb
$2.56
$2.33
🥚 Eggs, x12
$2.73
$3.26
🧀 Cheese, 1 kg or 2.2 lb
$12.8
$11.2
🐔 Chicken Breast, 1 kg or 2.2 lb
$9.37
$6.57
🥩 Round Steak, 1 kg or 2.2 lb
$23.1
$9.64
🍏 Apples, 1 kg or 2.2 lb
$5.87
$3.53
🍌 Banana, 1 kg or 2.2 lb
$3.4
$1.62
🍊 Oranges, 1 kg or 2.2 lb
$7.57
$3.29
🍅 Tomato, 1 kg or 2.2 lb
$4.95
$3.03
🥔 Potato, 1 kg or 2.2 lb
$3.64
$2.46
🧅 Onion, 1 kg or 2.2 lb
$3.08
$3.74
🌊 Water, 1 L or 1 qt
$0.81
$1.16
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$1.94
$2.41
🍾 Wine (mid-priced), 750 mL bottle
$14.9
$11.6
🍺 Beer, 0.5 L or 16 fl oz
$1.94
$1.44
🚬 Cigarette pack
$3.07
$6.04
💊 Cold medicince, 1 week
$4.27
$8.16
🧴 Hair Shampoo
$3.7
$8.03
🧻 Toilet paper, 4 rolls
$1.57
$2.96
👄 Toothpaste, 1 tube
$1.27
$3.04
Other
🏋️ Gym Membership, 1 month
$49.6
$42.8
🎫 Cinema Ticket, 1 person
$9.72
$7.3
👩‍⚕️ Doctor's visit
$23
$50.2
💇 Haircut, simple
$7.96
$14.5
👖 Brand Jeans
$83.9
$53.6
👟 Brand Sneakers
$78.8
$91.3
👶 Daycare or Preschool, 1 month
$465
$503
🏫 International Primary School, 1 year
$15370
$13402

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
$946
27 km or 16 mi Yangsan
$1005
40 km or 25 mi Changwon
$1032
46 km or 28 mi Masan
$994
50 km or 31 mi Geoje
$961
51 km or 32 mi Miryang
$991
56 km or 35 mi Ulsan
$1020
63 km or 39 mi Tongyeong
$981
64 km or 40 mi Sacheon
$993
81 km or 50 mi Tsushima Island
$945
84 km or 52 mi Gyeongsan
$976
85 km or 53 mi Gyeongju
$1012
87 km or 54 mi Jinju
$1111
94 km or 58 mi Daegu
$1043
98 km or 61 mi Yeongcheon
$997
102 km or 64 mi Tsushima
$944
108 km or 67 mi Pohang
$1030
123 km or 77 mi Gwangyang
$996
131 km or 82 mi Yeosu
$1008
138 km or 86 mi Gumi
$943
141 km or 88 mi Gimcheon
$916
142 km or 88 mi Suncheon
$1014
154 km or 96 mi Namwon
$970
162 km or 101 mi Iki
$944
165 km or 103 mi Andong
$916
166 km or 103 mi Sangju
$951
183 km or 113 mi Mungyeong
$954
189 km or 118 mi Jeonju
$823
193 km or 120 mi Gwangju
$1062
195 km or 121 mi Yeongju
$994
198 km or 123 mi Hirado
$932
199 km or 124 mi Munakata
$968
199 km or 124 mi Fukutsu
$965
200 km or 124 mi Okagaki
$977
201 km or 125 mi Koga
$955
201 km or 125 mi Shingu
$954
202 km or 125 mi Itoshima
$940
202 km or 126 mi Karatsu
$934
204 km or 127 mi Daejeon
$922
205 km or 127 mi Jeongeup
$963

Cities near Panama City

Distance City Cost of living
8.1 km or 5 mi Balboa
$1425
16 km or 9.9 mi Tocumen
$1403
26 km or 16 mi Pacora
$1395
34 km or 21 mi La Chorrera
$977
59 km or 37 mi Colon
$1179
108 km or 67 mi Penonome
$1153
154 km or 96 mi Chitre
$1154
190 km or 118 mi Santiago de Veraguas
$1122
321 km or 199 mi Turbo
$764
329 km or 204 mi David
$922
398 km or 247 mi Monteria
$703
403 km or 250 mi Limon
$1332
406 km or 252 mi Santa Cruz de Lorica
$764
452 km or 281 mi Sincelejo
$572
463 km or 288 mi Cartagena
$1155
483 km or 300 mi Quibdo
$757
494 km or 307 mi Cartago
$1290
513 km or 319 mi San Jose
$1454
518 km or 322 mi Heredia
$1378
521 km or 324 mi Magangue
$707
526 km or 327 mi Bello
$915
529 km or 329 mi Alajuela
$1323
530 km or 329 mi Medellin
$1071
534 km or 332 mi Envigado
$992
558 km or 347 mi Soledad
$950
559 km or 348 mi Barranquilla
$909
595 km or 370 mi Puntarenas
$825
617 km or 383 mi Cartago
$738
617 km or 383 mi Cienaga
$874
623 km or 387 mi Manizales
$717
627 km or 390 mi Santa Teresa
$1273
627 km or 390 mi Pereira
$789
631 km or 392 mi Santa Marta
$971
632 km or 393 mi Buenaventura
$825
636 km or 395 mi Minca
$887
651 km or 404 mi Salento
$709
652 km or 405 mi Armenia
$719
657 km or 408 mi Tulua
$537
658 km or 409 mi Barrancabermeja
$1040
675 km or 419 mi Liberia
$957