Caracas vs Panama City - Cost of Living Comparison

Updated: March 02, 2025

	Caracas	Panama City
🚶 Cost of living one person	$1075	$1479
👨‍👩‍👧‍👦 Cost of living Family	$2746	$3609
🏠 One person rent	$384	$846
🏘️ Family rent	$767	$1592
🍽️ Food expenses	$421	$440
🚐 Transport expenses	$154	$83
💳 Monthly salary after tax	$231	$967
😷 Air quality	Excellent	Good
✈️ Airport proximity	10 km	7 km
🎓 Higher education	53	42
😀 Quality of life	46	67
🏙️ Population	2.25M	881K

The cost of living in Caracas is 27% less expensive than in Panama City. Cities ranked 4987th and 3517th ($1075 vs $1479) in the list of the most expensive cities in the world and ranked 1st and 1st in Venezuela and Panama, respectively. Check Venezuela vs Panama comparison.

The average after-tax salary is enough to cover living expenses for 0.2 months in Caracas compared to 0.7 months in Panama City. Caracas ranked 1st best city to live in Venezuela vs Panama City ranked 1st in Panama, while ranked 6530th and 3734th among best cities to live in the world.

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Cost of living in Caracas vs Panama City infographic

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Prices in Caracas vs Panama City

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

	Caracas	Panama City
Eating Out
🍱 Lunch Menu	$12.4	$10.4
🥂 Dinner in a Restaurant, for 2	$48.6	$48.5
🥪 Fast food meal, equiv. McDonald's	$9.29	$8.06
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$1.54	$2.97
☕ Cappuccino	$3.39	$3.99
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$1.5	$1.66
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$427	$891
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$310	$681
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$849	$1749
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$670	$1344
🔌 Utility Bill one person, electricity, heating, water, etc.	$16.7	$78
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$26	$121
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$34.4	$45.4
🏦 Mortgage Interest Rate for 20 Years	21.79%	6.28%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$879	$2551
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$839	$1632
Transportation
🚌 Local transport ticket	$0.5	$0.42
🎟️ Monthly ticket local transport	$32.9	$23.2
🚕 Taxi Ride, 8 km or 5 mi	$22.7	$14.3
⛽ Gas / Petrol, 1 L or 0.26 gal	$0.5	$0.96
Groceries
🥛 Milk, 1 L or 1 qt	$2	$1.8
🍞 Bread, 0.5 kg or 1.1 lb	$2.01	$2.19
🍚 Rice, 1 kg or 2.2 lb	$1.36	$2.33
🥚 Eggs, x12	$3	$2.77
🧀 Cheese, 1 kg or 2.2 lb	$9.28	$12.4
🐔 Chicken Breast, 1 kg or 2.2 lb	$8.09	$7.09
🥩 Round Steak, 1 kg or 2.2 lb	$7.68	$9.99
🍏 Apples, 1 kg or 2.2 lb	$5.44	$3.44
🍌 Banana, 1 kg or 2.2 lb	$1.63	$1.58
🍊 Oranges, 1 kg or 2.2 lb	$2.1	$2.89
🍅 Tomato, 1 kg or 2.2 lb	$1.86	$2.94
🥔 Potato, 1 kg or 2.2 lb	$2.49	$2.23
🧅 Onion, 1 kg or 2.2 lb	$1.92	$2.8
🌊 Water, 1 L or 1 qt	$1.34	$1.07
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$2.38	$2.31
🍾 Wine (mid-priced), 750 mL bottle	$9.32	$10
🍺 Beer, 0.5 L or 16 fl oz	$1.49	$1.29
🚬 Cigarette pack	$3.46	$5.98
💊 Cold medicince, 1 week	$4.15	$11.7
🧴 Hair Shampoo	$5.57	$7.94
🧻 Toilet paper, 4 rolls	$3.08	$3.37
👄 Toothpaste, 1 tube	$2.91	$3.71
Other
🏋️ Gym Membership, 1 month	$84.2	$45.3
🎫 Cinema Ticket, 1 person	$5.84	$7.22
👩‍⚕️ Doctor's visit	$41.2	$54.5
💇 Haircut, simple	$17.4	$12.9
👖 Brand Jeans	$58.3	$56.8
👟 Brand Sneakers	$109	$93.2
👶 Daycare or Preschool, 1 month	$132	$477
🏫 International Primary School, 1 year	$5488	$13616

Cost of living in other countries

Cost of living

Cost of Living in the nearest cities

Cities near Caracas

Distance	City	Cost of living
11 km or 6.9 mi	La Guaira	$938
12 km or 7.3 mi	Maiquetia	$919
16 km or 9.7 mi	Catia La Mar	$974
21 km or 13 mi	Los Teques	$960
30 km or 18 mi	Charallave	$904
37 km or 23 mi	Cua	$910
40 km or 25 mi	Santa Lucia	$892
43 km or 27 mi	Santa Teresa del Tuy	$939
43 km or 27 mi	Guatire	$917
43 km or 27 mi	Guarenas	$918
46 km or 29 mi	Ocumare del Tuy	$901
53 km or 33 mi	La Victoria	$858
67 km or 41 mi	Turmero	$857
67 km or 41 mi	Cagua	$818
75 km or 47 mi	Santa Rita	$780
78 km or 48 mi	Maracay	$817
78 km or 49 mi	Palo Negro	$775
80 km or 50 mi	El Limon	$745
82 km or 51 mi	San Juan de los Morros	$807
93 km or 58 mi	Altagracia de Orituco	$847
108 km or 67 mi	Guacara	$795
115 km or 71 mi	Los Guayos	$728
119 km or 74 mi	Puerto Cabello	$781
122 km or 76 mi	Valencia	$769
135 km or 84 mi	Tocuyito	$724
163 km or 101 mi	Tinaquillo	$738
176 km or 109 mi	Valle de la Pascua	$782
184 km or 114 mi	Calabozo	$845
199 km or 124 mi	San Felipe	$739
204 km or 127 mi	San Carlos	$776
219 km or 136 mi	Zaraza	$804
235 km or 146 mi	Kralendijk	$1962
245 km or 152 mi	Yaritagua	$685
247 km or 154 mi	Lecheria	$837
249 km or 155 mi	Barcelona	$858
255 km or 159 mi	Puerto la Cruz	$791
260 km or 162 mi	Cabudare	$666
268 km or 167 mi	Barquisimeto	$722
270 km or 167 mi	Acarigua	$723
271 km or 168 mi	Araure	$723

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