Caracas vs Panama City - Cost of Living Comparison

Updated:

Livingcost

Caracas Panama City
🚶 Cost of living one person
$1045
$1384
👨‍👩‍👧‍👦 Cost of living Family
$2594
$3435
🏠 One person rent
$366
$751
🏘️ Family rent
$663
$1474
🍽️ Food expenses
$428
$444
🚐 Transport expenses
$144
$84.4
💳 Monthly salary after tax
$218
$914
😷 Air quality
Excellent
Good
✈️ Airport proximity
10 km
7 km
🎓 Higher education
54
42
😀 Quality of life
45
66
🏙️ Population
2.25M
881K

The cost of living in Caracas is 25% less expensive than in Panama City. Cities ranked 5335th and 4139th ($1045 vs $1384) 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 6509th and 3919th 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
$13.2
$12.3
🥂 Dinner in a Restaurant, for 2
$48.1
$55.2
🥪 Fast food meal, equiv. McDonald's
$11
$7.6
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$1.54
$2.94
☕ Cappuccino
$3.25
$4.25
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$1.65
$1.9
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$394
$827
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$299
$577
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$711
$1757
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$583
$1198
🔌 Utility Bill one person, electricity, heating, water, etc.
$14.2
$76.7
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$21.6
$118
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$33.6
$47.4
🏦 Mortgage Interest Rate for 20 Years
22.16%
6.12%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$811
$2406
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$1170
$1535
Transportation
🚌 Local transport ticket
$0.53
$0.35
🎟️ Monthly ticket local transport
$32.3
$26.2
🚕 Taxi Ride, 8 km or 5 mi
$20.8
$13.9
⛽ Gas / Petrol, 1 L or 0.26 gal
$0.5
$1.02
Groceries
🥛 Milk, 1 L or 1 qt
$2
$1.78
🍞 Bread, 0.5 kg or 1.1 lb
$1.77
$2.12
🍚 Rice, 1 kg or 2.2 lb
$1.29
$2.08
🥚 Eggs, x12
$2.7
$2.67
🧀 Cheese, 1 kg or 2.2 lb
$8.85
$13.2
🐔 Chicken Breast, 1 kg or 2.2 lb
$7.66
$7.23
🥩 Round Steak, 1 kg or 2.2 lb
$7.44
$10.4
🍏 Apples, 1 kg or 2.2 lb
$5.76
$3.11
🍌 Banana, 1 kg or 2.2 lb
$1.45
$1.54
🍊 Oranges, 1 kg or 2.2 lb
$1.98
$3.09
🍅 Tomato, 1 kg or 2.2 lb
$1.92
$2.94
🥔 Potato, 1 kg or 2.2 lb
$2.2
$2.19
🧅 Onion, 1 kg or 2.2 lb
$2.18
$2.5
🌊 Water, 1 L or 1 qt
$1.26
$1
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.41
$2.51
🍾 Wine (mid-priced), 750 mL bottle
$7.98
$9.03
🍺 Beer, 0.5 L or 16 fl oz
$1.63
$1.14
🚬 Cigarette pack
$3.2
$5.89
💊 Cold medicince, 1 week
$5.27
$10.5
🧴 Hair Shampoo
$5.43
$6.97
🧻 Toilet paper, 4 rolls
$2.85
$3.12
👄 Toothpaste, 1 tube
$2.45
$3.06
Other
🏋️ Gym Membership, 1 month
$72.8
$43.8
🎫 Cinema Ticket, 1 person
$5.48
$6.71
👩‍⚕️ Doctor's visit
$38
$49.1
💇 Haircut, simple
$11.3
$13.7
👖 Brand Jeans
$57.7
$54.3
👟 Brand Sneakers
$111
$90.2
👶 Daycare or Preschool, 1 month
$97.4
$437
🏫 International Primary School, 1 year
$4719
$9531

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
$915
12 km or 7.3 mi Maiquetia
$900
16 km or 9.7 mi Catia La Mar
$947
21 km or 13 mi Los Teques
$922
30 km or 18 mi Charallave
$877
37 km or 23 mi Cua
$877
40 km or 25 mi Santa Lucia
$865
43 km or 27 mi Santa Teresa del Tuy
$910
43 km or 27 mi Guatire
$892
43 km or 27 mi Guarenas
$896
46 km or 29 mi Ocumare del Tuy
$871
53 km or 33 mi La Victoria
$776
67 km or 41 mi Turmero
$781
67 km or 41 mi Cagua
$744
75 km or 47 mi Santa Rita
$707
78 km or 48 mi Maracay
$726
78 km or 49 mi Palo Negro
$711
80 km or 50 mi El Limon
$683
82 km or 51 mi San Juan de los Morros
$755
93 km or 58 mi Altagracia de Orituco
$787
108 km or 67 mi Guacara
$785
115 km or 71 mi Los Guayos
$726
119 km or 74 mi Puerto Cabello
$759
122 km or 76 mi Valencia
$783
135 km or 84 mi Tocuyito
$726
163 km or 101 mi Tinaquillo
$730
176 km or 109 mi Valle de la Pascua
$752
184 km or 114 mi Calabozo
$827
199 km or 124 mi San Felipe
$736
204 km or 127 mi San Carlos
$772
219 km or 136 mi Zaraza
$783
235 km or 146 mi Kralendijk
$1792
245 km or 152 mi Yaritagua
$682
247 km or 154 mi Lecheria
$821
249 km or 155 mi Barcelona
$704
255 km or 159 mi Puerto la Cruz
$771
260 km or 162 mi Cabudare
$663
268 km or 167 mi Barquisimeto
$715
270 km or 167 mi Acarigua
$724
271 km or 168 mi Araure
$724

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