Caracas vs Panama City - Cost of Living Comparison

Updated:

Livingcost

Caracas Panama City
🚶 Cost of living one person
$1176
$1560
👨‍👩‍👧‍👦 Cost of living Family
$2856
$3547
🏠 One person rent
$445
$943
🏘️ Family rent
$768
$1558
🍽️ Food expenses
$457
$429
🚐 Transport expenses
$167
$78.4
💳 Monthly salary after tax
$296
$982
😷 Air quality
Excellent
Excellent
✈️ Airport proximity
10 km
7 km
🎓 Higher education
54
43
😀 Quality of life
52
71
🏙️ Population
2.25M
410K

The cost of living in Caracas is 25% less expensive than in Panama City. Cities ranked 4759th and 3737th ($1176 vs $1560) 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 0.3 months in Caracas compared to 0.6 months in Panama City. Caracas ranked 1st best city to live in Venezuela vs Panama City ranked 1st in Panama, while ranked 6470th and 3765th 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
$12.3
$10.6
🥂 Dinner in a Restaurant, for 2
$56.1
$45.7
🥪 Fast food meal, equiv. McDonald's
$9.71
$8.08
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$1.58
$2.93
☕ Cappuccino
$3.46
$4.03
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$1.33
$1.69
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$524
$1015
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$359
$759
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$921
$1675
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$651
$1306
🔌 Utility Bill one person, electricity, heating, water, etc.
$19.3
$86.4
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$29.6
$133
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$33.9
$45.5
🏦 Mortgage Interest Rate for 20 Years
21.79%
6.41%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$1104
$2662
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$632
$1618
Transportation
🚌 Local transport ticket
$0.5
$0.35
🎟️ Monthly ticket local transport
$34.3
$23.2
🚕 Taxi Ride, 8 km or 5 mi
$25.1
$20.5
⛽ Gas / Petrol, 1 L or 0.26 gal
$0.51
$0.97
Groceries
🥛 Milk, 1 L or 1 qt
$2.14
$1.79
🍞 Bread, 0.5 kg or 1.1 lb
$2.04
$2.25
🍚 Rice, 1 kg or 2.2 lb
$1.4
$2.11
🥚 Eggs, x12
$3.41
$3.17
🧀 Cheese, 1 kg or 2.2 lb
$9.13
$11.7
🐔 Chicken Breast, 1 kg or 2.2 lb
$8.88
$6.81
🥩 Round Steak, 1 kg or 2.2 lb
$8.26
$9.86
🍏 Apples, 1 kg or 2.2 lb
$5.62
$3.27
🍌 Banana, 1 kg or 2.2 lb
$1.98
$1.52
🍊 Oranges, 1 kg or 2.2 lb
$2.57
$3.27
🍅 Tomato, 1 kg or 2.2 lb
$2.25
$3.05
🥔 Potato, 1 kg or 2.2 lb
$2.64
$2.34
🧅 Onion, 1 kg or 2.2 lb
$2.24
$3.26
🌊 Water, 1 L or 1 qt
$1.41
$1.05
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$1.94
$2.44
🍾 Wine (mid-priced), 750 mL bottle
$9.08
$11.2
🍺 Beer, 0.5 L or 16 fl oz
$1.43
$1.38
🚬 Cigarette pack
$4.49
$5.92
💊 Cold medicince, 1 week
$6.65
$8.17
🧴 Hair Shampoo
$5.97
$8.06
🧻 Toilet paper, 4 rolls
$3.57
$2.98
👄 Toothpaste, 1 tube
$3.31
$3.05
Other
🏋️ Gym Membership, 1 month
$78.9
$42.6
🎫 Cinema Ticket, 1 person
$5.48
$7.32
👩‍⚕️ Doctor's visit
$42.4
$58.4
💇 Haircut, simple
$15.8
$14.3
👖 Brand Jeans
$53.8
$54
👟 Brand Sneakers
$92
$91.3
👶 Daycare or Preschool, 1 month
$136
$477
🏫 International Primary School, 1 year
$4885
$15637

Cost of living in other countries

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Cost of Living in the nearest cities

Cities near Caracas

Distance City Cost of living
11 km or 6.9 mi La Guaira
$989
12 km or 7.3 mi Maiquetia
$969
16 km or 9.7 mi Catia La Mar
$1015
21 km or 13 mi Los Teques
$963
30 km or 18 mi Charallave
$757
37 km or 23 mi Cua
$712
40 km or 25 mi Santa Lucia
$759
43 km or 27 mi Santa Teresa del Tuy
$787
43 km or 27 mi Guatire
$890
43 km or 27 mi Guarenas
$894
46 km or 29 mi Ocumare del Tuy
$596
53 km or 33 mi La Victoria
$803
67 km or 41 mi Turmero
$813
67 km or 41 mi Cagua
$775
75 km or 47 mi Santa Rita
$742
78 km or 48 mi Maracay
$768
78 km or 49 mi Palo Negro
$743
80 km or 50 mi El Limon
$716
82 km or 51 mi San Juan de los Morros
$768
93 km or 58 mi Altagracia de Orituco
$811
108 km or 67 mi Guacara
$791
115 km or 71 mi Los Guayos
$719
119 km or 74 mi Puerto Cabello
$779
122 km or 76 mi Valencia
$739
135 km or 84 mi Tocuyito
$714
163 km or 101 mi Tinaquillo
$733
176 km or 109 mi Valle de la Pascua
$774
184 km or 114 mi Calabozo
$843
199 km or 124 mi San Felipe
$730
204 km or 127 mi San Carlos
$779
219 km or 136 mi Zaraza
$803
235 km or 146 mi Kralendijk
$2005
245 km or 152 mi Yaritagua
$650
247 km or 154 mi Lecheria
$760
249 km or 155 mi Barcelona
$908
255 km or 159 mi Puerto la Cruz
$696
260 km or 162 mi Cabudare
$618
268 km or 167 mi Barquisimeto
$627
270 km or 167 mi Acarigua
$723
271 km or 168 mi Araure
$719

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