Busan vs Panama City - Cost of Living Comparison

Updated:

Livingcost

Busan Panama City
🚶 Cost of living one person
$1060
$1479
👨‍👩‍👧‍👦 Cost of living Family
$2838
$3609
🏠 One person rent
$390
$846
🏘️ Family rent
$797
$1592
🍽️ Food expenses
$436
$440
🚐 Transport expenses
$135
$83
💳 Monthly salary after tax
$2181
$967
😷 Air quality
Moderate
Good
✈️ Airport proximity
13 km
7 km
🎓 Higher education
72
42
😀 Quality of life
89
67
🏙️ Population
3.45M
881K

The cost of living in Busan is 28% less expensive than in Panama City. Cities ranked 5092nd and 3517th ($1060 vs $1479) in the list of the most expensive cities in the world and ranked 30th 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 2.1 months in Busan compared to 0.7 months in Panama City. Busan ranked 4th best city to live in South Korea vs Panama City ranked 1st in Panama, while ranked 201st and 3734th among best cities to live in the world.

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Cost of living in Busan vs Panama City infographic

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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
$5.69
$10.4
🥂 Dinner in a Restaurant, for 2
$28
$48.5
🥪 Fast food meal, equiv. McDonald's
$5.51
$8.06
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$3.28
$2.97
☕ Cappuccino
$3.79
$3.99
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$1.8
$1.66
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$392
$891
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$248
$681
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$825
$1749
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$584
$1344
🔌 Utility Bill one person, electricity, heating, water, etc.
$92.3
$78
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$143
$121
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$20.7
$45.4
🏦 Mortgage Interest Rate for 20 Years
4.26%
6.28%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$7716
$2551
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$7051
$1632
Transportation
🚌 Local transport ticket
$1.09
$0.42
🎟️ Monthly ticket local transport
$40.2
$23.2
🚕 Taxi Ride, 8 km or 5 mi
$11.2
$14.3
⛽ Gas / Petrol, 1 L or 0.26 gal
$1.12
$0.96
Groceries
🥛 Milk, 1 L or 1 qt
$2.05
$1.8
🍞 Bread, 0.5 kg or 1.1 lb
$2.95
$2.19
🍚 Rice, 1 kg or 2.2 lb
$2.46
$2.33
🥚 Eggs, x12
$3.1
$2.77
🧀 Cheese, 1 kg or 2.2 lb
$12.6
$12.4
🐔 Chicken Breast, 1 kg or 2.2 lb
$8.19
$7.09
🥩 Round Steak, 1 kg or 2.2 lb
$26.4
$9.99
🍏 Apples, 1 kg or 2.2 lb
$6.81
$3.44
🍌 Banana, 1 kg or 2.2 lb
$3.06
$1.58
🍊 Oranges, 1 kg or 2.2 lb
$6.97
$2.89
🍅 Tomato, 1 kg or 2.2 lb
$4.64
$2.94
🥔 Potato, 1 kg or 2.2 lb
$4.35
$2.23
🧅 Onion, 1 kg or 2.2 lb
$3.2
$2.8
🌊 Water, 1 L or 1 qt
$0.75
$1.07
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$1.98
$2.31
🍾 Wine (mid-priced), 750 mL bottle
$13
$10
🍺 Beer, 0.5 L or 16 fl oz
$1.7
$1.29
🚬 Cigarette pack
$3.11
$5.98
💊 Cold medicince, 1 week
$4.4
$11.7
🧴 Hair Shampoo
$3.79
$7.94
🧻 Toilet paper, 4 rolls
$1.58
$3.37
👄 Toothpaste, 1 tube
$1.3
$3.71
Other
🏋️ Gym Membership, 1 month
$43.7
$45.3
🎫 Cinema Ticket, 1 person
$9.64
$7.22
👩‍⚕️ Doctor's visit
$23
$54.5
💇 Haircut, simple
$8.84
$12.9
👖 Brand Jeans
$85.9
$56.8
👟 Brand Sneakers
$80.7
$93.2
👶 Daycare or Preschool, 1 month
$470
$477
🏫 International Primary School, 1 year
$13395
$13616

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
$959
27 km or 16 mi Yangsan
$1027
40 km or 25 mi Changwon
$1075
46 km or 28 mi Masan
$998
50 km or 31 mi Geoje
$887
51 km or 32 mi Miryang
$1030
56 km or 35 mi Ulsan
$1059
63 km or 39 mi Tongyeong
$924
64 km or 40 mi Sacheon
$983
81 km or 50 mi Tsushima Island
$901
84 km or 52 mi Gyeongsan
$991
85 km or 53 mi Gyeongju
$1388
87 km or 54 mi Jinju
$1054
94 km or 58 mi Daegu
$995
98 km or 61 mi Yeongcheon
$1115
102 km or 64 mi Tsushima
$903
108 km or 67 mi Pohang
$988
123 km or 77 mi Gwangyang
$1002
131 km or 82 mi Yeosu
$989
138 km or 86 mi Gumi
$992
141 km or 88 mi Gimcheon
$977
142 km or 88 mi Suncheon
$1059
154 km or 96 mi Namwon
$987
162 km or 101 mi Iki
$902
165 km or 103 mi Andong
$880
166 km or 103 mi Sangju
$1000
183 km or 113 mi Mungyeong
$979
189 km or 118 mi Jeonju
$854
193 km or 120 mi Gwangju
$1101
195 km or 121 mi Yeongju
$964
198 km or 123 mi Hirado
$891
199 km or 124 mi Munakata
$916
199 km or 124 mi Fukutsu
$916
200 km or 124 mi Okagaki
$913
201 km or 125 mi Koga
$921
201 km or 125 mi Shingu
$919
202 km or 125 mi Itoshima
$910
202 km or 126 mi Karatsu
$895
204 km or 127 mi Daejeon
$992
205 km or 127 mi Jeongeup
$970

Cities near Panama City

Distance City Cost of living
8.1 km or 5 mi Balboa
$1328
16 km or 9.9 mi Tocumen
$1310
26 km or 16 mi Pacora
$1304
34 km or 21 mi La Chorrera
$957
59 km or 37 mi Colon
$1172
108 km or 67 mi Penonome
$1116
154 km or 96 mi Chitre
$1117
190 km or 118 mi Santiago de Veraguas
$1089
321 km or 199 mi Turbo
$664
329 km or 204 mi David
$890
398 km or 247 mi Monteria
$645
403 km or 250 mi Limon
$1225
406 km or 252 mi Santa Cruz de Lorica
$669
452 km or 281 mi Sincelejo
$524
463 km or 288 mi Cartagena
$760
483 km or 300 mi Quibdo
$705
494 km or 307 mi Cartago
$1024
513 km or 319 mi San Jose
$1324
518 km or 322 mi Heredia
$1296
521 km or 324 mi Magangue
$604
526 km or 327 mi Bello
$839
529 km or 329 mi Alajuela
$1269
530 km or 329 mi Medellin
$906
534 km or 332 mi Envigado
$897
558 km or 347 mi Soledad
$741
559 km or 348 mi Barranquilla
$773
595 km or 370 mi Puntarenas
$801
617 km or 383 mi Cartago
$649
617 km or 383 mi Cienaga
$742
623 km or 387 mi Manizales
$653
627 km or 390 mi Santa Teresa
$1213
627 km or 390 mi Pereira
$680
631 km or 392 mi Santa Marta
$837
632 km or 393 mi Buenaventura
$742
636 km or 395 mi Minca
$759
651 km or 404 mi Salento
$605
652 km or 405 mi Armenia
$598
657 km or 408 mi Tulua
$513
658 km or 409 mi Barrancabermeja
$1031
675 km or 419 mi Liberia
$932