Caracas vs Panama City - Cost of Living Comparison

Updated:

Livingcost

Caracas Panama City
🚶 Cost of living one person
$1199
$1583
👨‍👩‍👧‍👦 Cost of living Family
$2897
$3567
🏠 One person rent
$458
$976
🏘️ Family rent
$782
$1633
🍽️ Food expenses
$466
$432
🚐 Transport expenses
$161
$69.1
💳 Monthly salary after tax
$302
$936
😷 Air quality
Excellent
Excellent
✈️ Airport proximity
10 km
7 km
🎓 Higher education
54
42
😀 Quality of life
52
69
🏙️ Population
2.25M
410K

The cost of living in Caracas is 24% less expensive than in Panama City. Cities ranked 4773rd and 3744th ($1199 vs $1583) 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 6562nd and 4400th among best cities to live in the world.

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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
$10.6
🥂 Dinner in a Restaurant, for 2
$51.6
$45.3
🥪 Fast food meal, equiv. McDonald's
$9.69
$7.39
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$1.57
$2.97
☕ Cappuccino
$3.71
$3.94
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$1.35
$1.71
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$544
$1062
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$371
$794
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$981
$1911
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$653
$1347
🔌 Utility Bill one person, electricity, heating, water, etc.
$19.1
$82.5
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$29.5
$128
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$33.9
$45.4
🏦 Mortgage Interest Rate for 20 Years
21.93%
6.26%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$1262
$3048
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$725
$1725
Transportation
🚌 Local transport ticket
$0.5
$0.35
🎟️ Monthly ticket local transport
$32.6
$22.2
🚕 Taxi Ride, 8 km or 5 mi
$24.2
$17.4
⛽ Gas / Petrol, 1 L or 0.26 gal
$0.59
$0.93
Groceries
🥛 Milk, 1 L or 1 qt
$2.33
$1.84
🍞 Bread, 0.5 kg or 1.1 lb
$2.34
$2.23
🍚 Rice, 1 kg or 2.2 lb
$1.52
$2.33
🥚 Eggs, x12
$3.73
$3.26
🧀 Cheese, 1 kg or 2.2 lb
$9.33
$11.2
🐔 Chicken Breast, 1 kg or 2.2 lb
$9.37
$6.57
🥩 Round Steak, 1 kg or 2.2 lb
$9.39
$9.64
🍏 Apples, 1 kg or 2.2 lb
$6.5
$3.53
🍌 Banana, 1 kg or 2.2 lb
$1.79
$1.62
🍊 Oranges, 1 kg or 2.2 lb
$2.43
$3.29
🍅 Tomato, 1 kg or 2.2 lb
$2.22
$3.03
🥔 Potato, 1 kg or 2.2 lb
$2.35
$2.46
🧅 Onion, 1 kg or 2.2 lb
$2.19
$3.74
🌊 Water, 1 L or 1 qt
$1.57
$1.16
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$1.86
$2.41
🍾 Wine (mid-priced), 750 mL bottle
$10.3
$11.6
🍺 Beer, 0.5 L or 16 fl oz
$1.47
$1.44
🚬 Cigarette pack
$4.51
$6.04
💊 Cold medicince, 1 week
$6.33
$8.16
🧴 Hair Shampoo
$5.99
$8.03
🧻 Toilet paper, 4 rolls
$3.53
$2.96
👄 Toothpaste, 1 tube
$2.81
$3.04
Other
🏋️ Gym Membership, 1 month
$80.8
$42.8
🎫 Cinema Ticket, 1 person
$5.49
$7.3
👩‍⚕️ Doctor's visit
$41.9
$50.2
💇 Haircut, simple
$16
$14.5
👖 Brand Jeans
$59.1
$53.6
👟 Brand Sneakers
$105
$91.3
👶 Daycare or Preschool, 1 month
$155
$503
🏫 International Primary School, 1 year
$4633
$13402

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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
$1015
12 km or 7.3 mi Maiquetia
$997
16 km or 9.7 mi Catia La Mar
$1044
21 km or 13 mi Los Teques
$994
30 km or 18 mi Charallave
$775
37 km or 23 mi Cua
$726
40 km or 25 mi Santa Lucia
$780
43 km or 27 mi Santa Teresa del Tuy
$805
43 km or 27 mi Guatire
$918
43 km or 27 mi Guarenas
$923
46 km or 29 mi Ocumare del Tuy
$605
53 km or 33 mi La Victoria
$818
67 km or 41 mi Turmero
$834
67 km or 41 mi Cagua
$793
75 km or 47 mi Santa Rita
$742
78 km or 48 mi Maracay
$754
78 km or 49 mi Palo Negro
$748
80 km or 50 mi El Limon
$715
82 km or 51 mi San Juan de los Morros
$781
93 km or 58 mi Altagracia de Orituco
$840
108 km or 67 mi Guacara
$817
115 km or 71 mi Los Guayos
$735
119 km or 74 mi Puerto Cabello
$806
122 km or 76 mi Valencia
$745
135 km or 84 mi Tocuyito
$728
163 km or 101 mi Tinaquillo
$756
176 km or 109 mi Valle de la Pascua
$811
184 km or 114 mi Calabozo
$868
199 km or 124 mi San Felipe
$762
204 km or 127 mi San Carlos
$807
219 km or 136 mi Zaraza
$827
235 km or 146 mi Kralendijk
$2002
245 km or 152 mi Yaritagua
$697
247 km or 154 mi Lecheria
$771
249 km or 155 mi Barcelona
$888
255 km or 159 mi Puerto la Cruz
$703
260 km or 162 mi Cabudare
$660
268 km or 167 mi Barquisimeto
$670
270 km or 167 mi Acarigua
$749
271 km or 168 mi Araure
$744

Cities near Panama City

Distance City Cost of living
8.1 km or 5 mi Balboa
$1425
16 km or 9.9 mi Tocumen
$1403
26 km or 16 mi Pacora
$1395
34 km or 21 mi La Chorrera
$977
59 km or 37 mi Colon
$1179
108 km or 67 mi Penonome
$1153
154 km or 96 mi Chitre
$1154
190 km or 118 mi Santiago de Veraguas
$1122
321 km or 199 mi Turbo
$764
329 km or 204 mi David
$922
398 km or 247 mi Monteria
$703
403 km or 250 mi Limon
$1332
406 km or 252 mi Santa Cruz de Lorica
$764
452 km or 281 mi Sincelejo
$572
463 km or 288 mi Cartagena
$1155
483 km or 300 mi Quibdo
$757
494 km or 307 mi Cartago
$1290
513 km or 319 mi San Jose
$1454
518 km or 322 mi Heredia
$1378
521 km or 324 mi Magangue
$707
526 km or 327 mi Bello
$915
529 km or 329 mi Alajuela
$1323
530 km or 329 mi Medellin
$1071
534 km or 332 mi Envigado
$992
558 km or 347 mi Soledad
$950
559 km or 348 mi Barranquilla
$909
595 km or 370 mi Puntarenas
$825
617 km or 383 mi Cartago
$738
617 km or 383 mi Cienaga
$874
623 km or 387 mi Manizales
$717
627 km or 390 mi Santa Teresa
$1273
627 km or 390 mi Pereira
$789
631 km or 392 mi Santa Marta
$971
632 km or 393 mi Buenaventura
$825
636 km or 395 mi Minca
$887
651 km or 404 mi Salento
$709
652 km or 405 mi Armenia
$719
657 km or 408 mi Tulua
$537
658 km or 409 mi Barrancabermeja
$1040
675 km or 419 mi Liberia
$957