Busan vs Panama City - Cost of Living Comparison

Updated:

Livingcost

Busan Panama City
🚶 Cost of living one person
$1108
$1560
👨‍👩‍👧‍👦 Cost of living Family
$2784
$3547
🏠 One person rent
$427
$943
🏘️ Family rent
$724
$1558
🍽️ Food expenses
$440
$429
🚐 Transport expenses
$144
$78.4
💳 Monthly salary after tax
$2577
$982
😷 Air quality
Moderate
Excellent
✈️ Airport proximity
13 km
7 km
🎓 Higher education
72
43
😀 Quality of life
92
71
🏙️ Population
3.45M
410K

The cost of living in Busan is 29% less expensive than in Panama City. Cities ranked 4938th and 3737th ($1108 vs $1560) in the list of the most expensive cities in the world and ranked 15th 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 4th best city to live in South Korea vs Panama City ranked 1st in Panama, while ranked 150th and 3765th among best cities to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

Cost of living in Busan vs Panama City infographic

Share this infographic!

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
$6.02
$10.6
🥂 Dinner in a Restaurant, for 2
$28.2
$45.7
🥪 Fast food meal, equiv. McDonald's
$5.67
$8.08
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$3.25
$2.93
☕ Cappuccino
$3.89
$4.03
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$1.87
$1.69
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$414
$1015
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$278
$759
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$752
$1675
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$499
$1306
🔌 Utility Bill one person, electricity, heating, water, etc.
$97.5
$86.4
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$150
$133
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$24.7
$45.5
🏦 Mortgage Interest Rate for 20 Years
4.23%
6.41%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$8888
$2662
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$7037
$1618
Transportation
🚌 Local transport ticket
$1.09
$0.35
🎟️ Monthly ticket local transport
$49.9
$23.2
🚕 Taxi Ride, 8 km or 5 mi
$10.6
$20.5
⛽ Gas / Petrol, 1 L or 0.26 gal
$1.14
$0.97
Groceries
🥛 Milk, 1 L or 1 qt
$1.99
$1.79
🍞 Bread, 0.5 kg or 1.1 lb
$2.72
$2.25
🍚 Rice, 1 kg or 2.2 lb
$2.58
$2.11
🥚 Eggs, x12
$2.92
$3.17
🧀 Cheese, 1 kg or 2.2 lb
$12.7
$11.7
🐔 Chicken Breast, 1 kg or 2.2 lb
$8.15
$6.81
🥩 Round Steak, 1 kg or 2.2 lb
$26.1
$9.86
🍏 Apples, 1 kg or 2.2 lb
$6.92
$3.27
🍌 Banana, 1 kg or 2.2 lb
$3.17
$1.52
🍊 Oranges, 1 kg or 2.2 lb
$7.25
$3.27
🍅 Tomato, 1 kg or 2.2 lb
$4.68
$3.05
🥔 Potato, 1 kg or 2.2 lb
$4.28
$2.34
🧅 Onion, 1 kg or 2.2 lb
$3.19
$3.26
🌊 Water, 1 L or 1 qt
$0.79
$1.05
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$1.98
$2.44
🍾 Wine (mid-priced), 750 mL bottle
$12.9
$11.2
🍺 Beer, 0.5 L or 16 fl oz
$1.7
$1.38
🚬 Cigarette pack
$3.07
$5.92
💊 Cold medicince, 1 week
$4.34
$8.17
🧴 Hair Shampoo
$3.74
$8.06
🧻 Toilet paper, 4 rolls
$1.61
$2.98
👄 Toothpaste, 1 tube
$1.3
$3.05
Other
🏋️ Gym Membership, 1 month
$48.3
$42.6
🎫 Cinema Ticket, 1 person
$9.66
$7.32
👩‍⚕️ Doctor's visit
$23
$58.4
💇 Haircut, simple
$8.83
$14.3
👖 Brand Jeans
$85.9
$54
👟 Brand Sneakers
$71.6
$91.3
👶 Daycare or Preschool, 1 month
$470
$477
🏫 International Primary School, 1 year
$13429
$15637

Cost of living in other countries

Cost of living

More cities to compare

Cost of Living in the nearest cities

Cities near Busan

Distance City Cost of living
21 km or 13 mi Gimhae
$975
27 km or 16 mi Yangsan
$1039
40 km or 25 mi Changwon
$1084
46 km or 28 mi Masan
$1008
50 km or 31 mi Geoje
$913
51 km or 32 mi Miryang
$1038
56 km or 35 mi Ulsan
$1076
63 km or 39 mi Tongyeong
$934
64 km or 40 mi Sacheon
$984
81 km or 50 mi Tsushima Island
$937
84 km or 52 mi Gyeongsan
$1001
85 km or 53 mi Gyeongju
$1097
87 km or 54 mi Jinju
$1064
94 km or 58 mi Daegu
$1062
98 km or 61 mi Yeongcheon
$1008
102 km or 64 mi Tsushima
$933
108 km or 67 mi Pohang
$1024
123 km or 77 mi Gwangyang
$991
131 km or 82 mi Yeosu
$994
138 km or 86 mi Gumi
$949
141 km or 88 mi Gimcheon
$934
142 km or 88 mi Suncheon
$1016
154 km or 96 mi Namwon
$980
162 km or 101 mi Iki
$925
165 km or 103 mi Andong
$929
166 km or 103 mi Sangju
$957
183 km or 113 mi Mungyeong
$973
189 km or 118 mi Jeonju
$831
193 km or 120 mi Gwangju
$1081
195 km or 121 mi Yeongju
$1005
198 km or 123 mi Hirado
$908
199 km or 124 mi Munakata
$950
199 km or 124 mi Fukutsu
$942
200 km or 124 mi Okagaki
$955
201 km or 125 mi Koga
$939
201 km or 125 mi Shingu
$936
202 km or 125 mi Itoshima
$923
202 km or 126 mi Karatsu
$913
204 km or 127 mi Daejeon
$959
205 km or 127 mi Jeongeup
$981

Cities near Panama City

Distance City Cost of living
8.1 km or 5 mi Balboa
$1400
16 km or 9.9 mi Tocumen
$1377
26 km or 16 mi Pacora
$1371
34 km or 21 mi La Chorrera
$981
59 km or 37 mi Colon
$1188
108 km or 67 mi Penonome
$1150
154 km or 96 mi Chitre
$1150
190 km or 118 mi Santiago de Veraguas
$1122
321 km or 199 mi Turbo
$721
329 km or 204 mi David
$925
398 km or 247 mi Monteria
$663
403 km or 250 mi Limon
$1288
406 km or 252 mi Santa Cruz de Lorica
$715
452 km or 281 mi Sincelejo
$547
463 km or 288 mi Cartagena
$1105
483 km or 300 mi Quibdo
$708
494 km or 307 mi Cartago
$1241
513 km or 319 mi San Jose
$1398
518 km or 322 mi Heredia
$1335
521 km or 324 mi Magangue
$667
526 km or 327 mi Bello
$881
529 km or 329 mi Alajuela
$1303
530 km or 329 mi Medellin
$1030
534 km or 332 mi Envigado
$950
558 km or 347 mi Soledad
$883
559 km or 348 mi Barranquilla
$843
595 km or 370 mi Puntarenas
$821
617 km or 383 mi Cartago
$679
617 km or 383 mi Cienaga
$831
623 km or 387 mi Manizales
$678
627 km or 390 mi Santa Teresa
$1236
627 km or 390 mi Pereira
$730
631 km or 392 mi Santa Marta
$929
632 km or 393 mi Buenaventura
$782
636 km or 395 mi Minca
$847
651 km or 404 mi Salento
$655
652 km or 405 mi Armenia
$667
657 km or 408 mi Tulua
$511
658 km or 409 mi Barrancabermeja
$1082
675 km or 419 mi Liberia
$953