Busan vs Panama City - Cost of Living Comparison

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Livingcost

Busan Panama City
🚶 Cost of living one person
$1122
$1384
👨‍👩‍👧‍👦 Cost of living Family
$3048
$3435
🏠 One person rent
$395
$751
🏘️ Family rent
$821
$1474
🍽️ Food expenses
$472
$444
🚐 Transport expenses
$148
$84.4
💳 Monthly salary after tax
$2421
$914
😷 Air quality
Moderate
Good
✈️ Airport proximity
13 km
7 km
🎓 Higher education
73
42
😀 Quality of life
89
66
🏙️ Population
3.45M
881K

The cost of living in Busan is 19% less expensive than in Panama City. Cities ranked 4837th and 4139th ($1122 vs $1384) in the list of the most expensive cities in the world and ranked 13th 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 0.7 months in Panama City. Busan ranked 4th best city to live in South Korea vs Panama City ranked 1st in Panama, while ranked 181st and 3919th 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
$5.92
$12.3
🥂 Dinner in a Restaurant, for 2
$34.7
$55.2
🥪 Fast food meal, equiv. McDonald's
$5.87
$7.6
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$3.56
$2.94
☕ Cappuccino
$4.09
$4.25
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$1.86
$1.9
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$423
$827
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$273
$577
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$902
$1757
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$636
$1198
🔌 Utility Bill one person, electricity, heating, water, etc.
$74.8
$76.7
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$114
$118
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$17.5
$47.4
🏦 Mortgage Interest Rate for 20 Years
4.21%
6.12%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$8000
$2406
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$7248
$1535
Transportation
🚌 Local transport ticket
$1.15
$0.35
🎟️ Monthly ticket local transport
$44.1
$26.2
🚕 Taxi Ride, 8 km or 5 mi
$12.3
$13.9
⛽ Gas / Petrol, 1 L or 0.26 gal
$1.22
$1.02
Groceries
🥛 Milk, 1 L or 1 qt
$2.17
$1.78
🍞 Bread, 0.5 kg or 1.1 lb
$3.21
$2.12
🍚 Rice, 1 kg or 2.2 lb
$2.99
$2.08
🥚 Eggs, x12
$3.36
$2.67
🧀 Cheese, 1 kg or 2.2 lb
$13.9
$13.2
🐔 Chicken Breast, 1 kg or 2.2 lb
$8.91
$7.23
🥩 Round Steak, 1 kg or 2.2 lb
$28.2
$10.4
🍏 Apples, 1 kg or 2.2 lb
$7.36
$3.11
🍌 Banana, 1 kg or 2.2 lb
$3.31
$1.54
🍊 Oranges, 1 kg or 2.2 lb
$7.55
$3.09
🍅 Tomato, 1 kg or 2.2 lb
$5.13
$2.94
🥔 Potato, 1 kg or 2.2 lb
$3.43
$2.19
🧅 Onion, 1 kg or 2.2 lb
$3.51
$2.5
🌊 Water, 1 L or 1 qt
$0.8
$1
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.14
$2.51
🍾 Wine (mid-priced), 750 mL bottle
$14.1
$9.03
🍺 Beer, 0.5 L or 16 fl oz
$1.85
$1.14
🚬 Cigarette pack
$3.38
$5.89
💊 Cold medicince, 1 week
$4.71
$10.5
🧴 Hair Shampoo
$4.08
$6.97
🧻 Toilet paper, 4 rolls
$1.72
$3.12
👄 Toothpaste, 1 tube
$1.4
$3.06
Other
🏋️ Gym Membership, 1 month
$47.1
$43.8
🎫 Cinema Ticket, 1 person
$10.4
$6.71
👩‍⚕️ Doctor's visit
$25.1
$49.1
💇 Haircut, simple
$9.6
$13.7
👖 Brand Jeans
$92.7
$54.3
👟 Brand Sneakers
$87.9
$90.2
👶 Daycare or Preschool, 1 month
$557
$437
🏫 International Primary School, 1 year
$14632
$9531

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
$901
27 km or 16 mi Yangsan
$973
40 km or 25 mi Changwon
$1083
46 km or 28 mi Masan
$1002
50 km or 31 mi Geoje
$893
51 km or 32 mi Miryang
$992
56 km or 35 mi Ulsan
$1099
63 km or 39 mi Tongyeong
$931
64 km or 40 mi Sacheon
$1008
81 km or 50 mi Tsushima Island
$981
84 km or 52 mi Gyeongsan
$1022
85 km or 53 mi Gyeongju
$1341
87 km or 54 mi Jinju
$1146
94 km or 58 mi Daegu
$1114
98 km or 61 mi Yeongcheon
$941
102 km or 64 mi Tsushima
$980
108 km or 67 mi Pohang
$1000
123 km or 77 mi Gwangyang
$999
131 km or 82 mi Yeosu
$981
138 km or 86 mi Gumi
$977
141 km or 88 mi Gimcheon
$995
142 km or 88 mi Suncheon
$1027
154 km or 96 mi Namwon
$1005
162 km or 101 mi Iki
$985
165 km or 103 mi Andong
$871
166 km or 103 mi Sangju
$981
183 km or 113 mi Mungyeong
$992
189 km or 118 mi Jeonju
$915
193 km or 120 mi Gwangju
$1178
195 km or 121 mi Yeongju
$978
198 km or 123 mi Hirado
$968
199 km or 124 mi Munakata
$996
199 km or 124 mi Fukutsu
$1006
200 km or 124 mi Okagaki
$985
201 km or 125 mi Koga
$1015
201 km or 125 mi Shingu
$1020
202 km or 125 mi Itoshima
$1016
202 km or 126 mi Karatsu
$994
204 km or 127 mi Daejeon
$975
205 km or 127 mi Jeongeup
$1000

Cities near Panama City

Distance City Cost of living
8.1 km or 5 mi Balboa
$1249
16 km or 9.9 mi Tocumen
$1231
26 km or 16 mi Pacora
$1249
34 km or 21 mi La Chorrera
$953
59 km or 37 mi Colon
$1182
108 km or 67 mi Penonome
$1098
154 km or 96 mi Chitre
$1091
190 km or 118 mi Santiago de Veraguas
$1056
321 km or 199 mi Turbo
$634
329 km or 204 mi David
$833
398 km or 247 mi Monteria
$620
403 km or 250 mi Limon
$1201
406 km or 252 mi Santa Cruz de Lorica
$638
452 km or 281 mi Sincelejo
$506
463 km or 288 mi Cartagena
$748
483 km or 300 mi Quibdo
$661
494 km or 307 mi Cartago
$961
513 km or 319 mi San Jose
$1239
518 km or 322 mi Heredia
$1246
521 km or 324 mi Magangue
$582
526 km or 327 mi Bello
$789
529 km or 329 mi Alajuela
$1233
530 km or 329 mi Medellin
$873
534 km or 332 mi Envigado
$871
558 km or 347 mi Soledad
$840
559 km or 348 mi Barranquilla
$789
595 km or 370 mi Puntarenas
$1277
617 km or 383 mi Cartago
$619
617 km or 383 mi Cienaga
$831
623 km or 387 mi Manizales
$653
627 km or 390 mi Santa Teresa
$1310
627 km or 390 mi Pereira
$641
631 km or 392 mi Santa Marta
$979
632 km or 393 mi Buenaventura
$718
636 km or 395 mi Minca
$863
651 km or 404 mi Salento
$562
652 km or 405 mi Armenia
$541
657 km or 408 mi Tulua
$477
658 km or 409 mi Barrancabermeja
$573
675 km or 419 mi Liberia
$898