Caracas vs Panama City - Cost of Living Comparison

Updated: March 01, 2024

	Caracas	Panama City
🚶 Cost of living one person	$975	$1316
👨‍👩‍👧‍👦 Cost of living Family	$2332	$3171
🏠 One person rent	$357	$709
🏘️ Family rent	$583	$1291
🍽️ Food expenses	$393	$426
🚐 Transport expenses	$129	$78
💳 Monthly salary after tax	$195	$901
😷 Air quality	Excellent	Moderate
✈️ Airport proximity	10 km	7 km
🎓 Higher education	54	42
😀 Quality of life	41	67
🏙️ Population	2.25M	881K

The cost of living in Caracas is 26% less expensive than in Panama City. Cities ranked 5499th and 4138th ($975 vs $1316) in the list of the most expensive cities in the world and ranked 2nd 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 7028th and 3926th 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	$12.5	$11.5
🥂 Dinner in a Restaurant, for 2	$48.1	$51.8
🥪 Fast food meal, equiv. McDonald's	$10.3	$7.97
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$1.51	$2.6
☕ Cappuccino	$3.02	$4.35
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$1.29	$1.75
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$334	$836
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$297	$520
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$616	$1703
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$500	$980
🔌 Utility Bill one person, electricity, heating, water, etc.	$14.1	$78.2
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$21.7	$119
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$38.1	$47.6
🏦 Mortgage Interest Rate for 20 Years	28.55%	5.97%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$844	$2399
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$1224	$1457
Transportation
🚌 Local transport ticket	$0.45	$0.35
🎟️ Monthly ticket local transport	$29.5	$25.9
🚕 Taxi Ride, 8 km or 5 mi	$18.4	$12
⛽ Gas / Petrol, 1 L or 0.26 gal	$0.5	$1.06
Groceries
🥛 Milk, 1 L or 1 qt	$1.98	$1.76
🍞 Bread, 0.5 kg or 1.1 lb	$1.9	$2.11
🍚 Rice, 1 kg or 2.2 lb	$1.23	$1.71
🥚 Eggs, x12	$2.59	$2.63
🧀 Cheese, 1 kg or 2.2 lb	$6.75	$11.9
🐔 Chicken Breast, 1 kg or 2.2 lb	$6.39	$7.45
🥩 Round Steak, 1 kg or 2.2 lb	$7.3	$8.87
🍏 Apples, 1 kg or 2.2 lb	$4.81	$2.91
🍌 Banana, 1 kg or 2.2 lb	$1.34	$1.37
🍊 Oranges, 1 kg or 2.2 lb	$2.04	$2.8
🍅 Tomato, 1 kg or 2.2 lb	$1.75	$2.81
🥔 Potato, 1 kg or 2.2 lb	$2.01	$2.1
🧅 Onion, 1 kg or 2.2 lb	$1.81	$2.02
🌊 Water, 1 L or 1 qt	$0.95	$0.98
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$2.23	$2.59
🍾 Wine (mid-priced), 750 mL bottle	$9.4	$9.98
🍺 Beer, 0.5 L or 16 fl oz	$1.54	$1.14
🚬 Cigarette pack	$3.13	$5.88
💊 Cold medicince, 1 week	$4.83	$9.43
🧴 Hair Shampoo	$4.76	$7.05
🧻 Toilet paper, 4 rolls	$2.27	$3.43
👄 Toothpaste, 1 tube	$2.57	$3.7
Other
🏋️ Gym Membership, 1 month	$60.3	$42
🎫 Cinema Ticket, 1 person	$4.81	$6.85
👩‍⚕️ Doctor's visit	$36.8	$48.6
💇 Haircut, simple	$12.1	$13.5
👖 Brand Jeans	$46.7	$54.3
👟 Brand Sneakers	$98	$86.9
👶 Daycare or Preschool, 1 month	$81.7	$408
🏫 International Primary School, 1 year	$3515	$9581

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	$854
12 km or 7.3 mi	Maiquetia	$839
16 km or 9.7 mi	Catia La Mar	$880
21 km or 13 mi	Los Teques	$846
30 km or 18 mi	Charallave	$812
37 km or 23 mi	Cua	$815
40 km or 25 mi	Santa Lucia	$805
43 km or 27 mi	Santa Teresa del Tuy	$844
43 km or 27 mi	Guatire	$823
43 km or 27 mi	Guarenas	$823
46 km or 29 mi	Ocumare del Tuy	$804
53 km or 33 mi	La Victoria	$720
67 km or 41 mi	Turmero	$723
67 km or 41 mi	Cagua	$696
75 km or 47 mi	Santa Rita	$640
78 km or 48 mi	Maracay	$581
78 km or 49 mi	Palo Negro	$648
80 km or 50 mi	El Limon	$612
82 km or 51 mi	San Juan de los Morros	$705
93 km or 58 mi	Altagracia de Orituco	$763
108 km or 67 mi	Guacara	$728
115 km or 71 mi	Los Guayos	$688
119 km or 74 mi	Puerto Cabello	$713
122 km or 76 mi	Valencia	$755
135 km or 84 mi	Tocuyito	$691
163 km or 101 mi	Tinaquillo	$685
176 km or 109 mi	Valle de la Pascua	$753
184 km or 114 mi	Calabozo	$712
199 km or 124 mi	San Felipe	$699
204 km or 127 mi	San Carlos	$684
219 km or 136 mi	Zaraza	$707
235 km or 146 mi	Kralendijk	$1783
245 km or 152 mi	Yaritagua	$663
247 km or 154 mi	Lecheria	$769
249 km or 155 mi	Barcelona	$719
255 km or 159 mi	Puerto la Cruz	$732
260 km or 162 mi	Cabudare	$653
268 km or 167 mi	Barquisimeto	$708
270 km or 167 mi	Acarigua	$687
271 km or 168 mi	Araure	$692

Cities near Panama City

Distance	City	Cost of living
8.1 km or 5 mi	Balboa	$1189
16 km or 9.9 mi	Tocumen	$1171
26 km or 16 mi	Pacora	$1182
34 km or 21 mi	La Chorrera	$917
59 km or 37 mi	Colon	$1157
108 km or 67 mi	Penonome	$940
154 km or 96 mi	Chitre	$980
190 km or 118 mi	Santiago de Veraguas	$961
321 km or 199 mi	Turbo	$624
329 km or 204 mi	David	$789
398 km or 247 mi	Monteria	$633
403 km or 250 mi	Limon	$1147
406 km or 252 mi	Santa Cruz de Lorica	$573
452 km or 281 mi	Sincelejo	$536
463 km or 288 mi	Cartagena	$877
483 km or 300 mi	Quibdo	$649
494 km or 307 mi	Cartago	$1009
513 km or 319 mi	San Jose	$1169
518 km or 322 mi	Heredia	$1040
521 km or 324 mi	Magangue	$582
526 km or 327 mi	Bello	$778
529 km or 329 mi	Alajuela	$1163
530 km or 329 mi	Medellin	$867
534 km or 332 mi	Envigado	$812
558 km or 347 mi	Soledad	$851
559 km or 348 mi	Barranquilla	$780
595 km or 370 mi	Puntarenas	$1024
617 km or 383 mi	Cartago	$639
617 km or 383 mi	Cienaga	$661
623 km or 387 mi	Manizales	$727
627 km or 390 mi	Santa Teresa	$1114
627 km or 390 mi	Pereira	$639
631 km or 392 mi	Santa Marta	$705
632 km or 393 mi	Buenaventura	$552
636 km or 395 mi	Minca	$655
651 km or 404 mi	Salento	$567
652 km or 405 mi	Armenia	$551
657 km or 408 mi	Tulua	$493
658 km or 409 mi	Barrancabermeja	$592
675 km or 419 mi	Liberia	$1220