Caracas vs Panama City - Cost of Living Comparison

Updated:

Livingcost

Caracas Panama City
🚶 Cost of living one person
$1130
$1514
👨‍👩‍👧‍👦 Cost of living Family
$2754
$3565
🏠 One person rent
$424
$902
🏘️ Family rent
$720
$1584
🍽️ Food expenses
$426
$431
🚐 Transport expenses
$169
$72
💳 Monthly salary after tax
$328
$942
😷 Air quality
Excellent
Excellent
✈️ Airport proximity
10 km
7 km
🎓 Higher education
53
42
😀 Quality of life
50
69
🏙️ Population
2.25M
410K

The cost of living in Caracas is 25% less expensive than in Panama City. Cities ranked 4987th and 3946th ($1130 vs $1514) 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 6443rd and 3643rd 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
$12.7
$10.8
🥂 Dinner in a Restaurant, for 2
$45.7
$45.6
🥪 Fast food meal, equiv. McDonald's
$9.33
$7.94
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$1.45
$2.95
☕ Cappuccino
$3.37
$4.07
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$1.28
$1.71
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$476
$968
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$341
$728
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$848
$1756
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$605
$1330
🔌 Utility Bill one person, electricity, heating, water, etc.
$20.8
$80.3
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$32.1
$123
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$35.1
$45.5
🏦 Mortgage Interest Rate for 20 Years
21.16%
6.34%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$1121
$2582
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$794
$1626
Transportation
🚌 Local transport ticket
$0.75
$0.42
🎟️ Monthly ticket local transport
$32.7
$22.9
🚕 Taxi Ride, 8 km or 5 mi
$25.7
$18.1
⛽ Gas / Petrol, 1 L or 0.26 gal
$0.51
$0.97
Groceries
🥛 Milk, 1 L or 1 qt
$1.93
$1.83
🍞 Bread, 0.5 kg or 1.1 lb
$2.12
$2.18
🍚 Rice, 1 kg or 2.2 lb
$1.28
$2.16
🥚 Eggs, x12
$3.12
$2.97
🧀 Cheese, 1 kg or 2.2 lb
$9.7
$11.7
🐔 Chicken Breast, 1 kg or 2.2 lb
$8.02
$7
🥩 Round Steak, 1 kg or 2.2 lb
$7.49
$9.84
🍏 Apples, 1 kg or 2.2 lb
$4.68
$3.15
🍌 Banana, 1 kg or 2.2 lb
$1.69
$1.51
🍊 Oranges, 1 kg or 2.2 lb
$2.23
$2.79
🍅 Tomato, 1 kg or 2.2 lb
$2.1
$3
🥔 Potato, 1 kg or 2.2 lb
$2.5
$2.31
🧅 Onion, 1 kg or 2.2 lb
$2.12
$2.83
🌊 Water, 1 L or 1 qt
$1.28
$1.04
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.21
$2.43
🍾 Wine (mid-priced), 750 mL bottle
$9.72
$10.7
🍺 Beer, 0.5 L or 16 fl oz
$1.47
$1.34
🚬 Cigarette pack
$3.85
$5.96
💊 Cold medicince, 1 week
$6.93
$10.5
🧴 Hair Shampoo
$5.76
$7.97
🧻 Toilet paper, 4 rolls
$2.91
$2.93
👄 Toothpaste, 1 tube
$3.4
$3.06
Other
🏋️ Gym Membership, 1 month
$81.6
$45
🎫 Cinema Ticket, 1 person
$5.52
$7.14
👩‍⚕️ Doctor's visit
$40.3
$54.9
💇 Haircut, simple
$16.1
$14.3
👖 Brand Jeans
$58.5
$53.7
👟 Brand Sneakers
$101
$93.4
👶 Daycare or Preschool, 1 month
$131
$480
🏫 International Primary School, 1 year
$5507
$15702

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Cities near Caracas

Distance City Cost of living
11 km or 6.9 mi La Guaira
$972
12 km or 7.3 mi Maiquetia
$953
16 km or 9.7 mi Catia La Mar
$1010
21 km or 13 mi Los Teques
$993
30 km or 18 mi Charallave
$937
37 km or 23 mi Cua
$941
40 km or 25 mi Santa Lucia
$923
43 km or 27 mi Santa Teresa del Tuy
$972
43 km or 27 mi Guatire
$944
43 km or 27 mi Guarenas
$949
46 km or 29 mi Ocumare del Tuy
$927
53 km or 33 mi La Victoria
$878
67 km or 41 mi Turmero
$865
67 km or 41 mi Cagua
$831
75 km or 47 mi Santa Rita
$784
78 km or 48 mi Maracay
$823
78 km or 49 mi Palo Negro
$778
80 km or 50 mi El Limon
$750
82 km or 51 mi San Juan de los Morros
$814
93 km or 58 mi Altagracia de Orituco
$862
108 km or 67 mi Guacara
$783
115 km or 71 mi Los Guayos
$714
119 km or 74 mi Puerto Cabello
$778
122 km or 76 mi Valencia
$737
135 km or 84 mi Tocuyito
$712
163 km or 101 mi Tinaquillo
$735
176 km or 109 mi Valle de la Pascua
$793
184 km or 114 mi Calabozo
$852
199 km or 124 mi San Felipe
$742
204 km or 127 mi San Carlos
$777
219 km or 136 mi Zaraza
$805
235 km or 146 mi Kralendijk
$2004
245 km or 152 mi Yaritagua
$690
247 km or 154 mi Lecheria
$848
249 km or 155 mi Barcelona
$866
255 km or 159 mi Puerto la Cruz
$699
260 km or 162 mi Cabudare
$669
268 km or 167 mi Barquisimeto
$727
270 km or 167 mi Acarigua
$730
271 km or 168 mi Araure
$732

Cities near Panama City

Distance City Cost of living
8.1 km or 5 mi Balboa
$1361
16 km or 9.9 mi Tocumen
$1342
26 km or 16 mi Pacora
$1332
34 km or 21 mi La Chorrera
$965
59 km or 37 mi Colon
$1173
108 km or 67 mi Penonome
$1131
154 km or 96 mi Chitre
$1132
190 km or 118 mi Santiago de Veraguas
$1101
321 km or 199 mi Turbo
$688
329 km or 204 mi David
$921
398 km or 247 mi Monteria
$632
403 km or 250 mi Limon
$1242
406 km or 252 mi Santa Cruz de Lorica
$677
452 km or 281 mi Sincelejo
$524
463 km or 288 mi Cartagena
$924
483 km or 300 mi Quibdo
$721
494 km or 307 mi Cartago
$1062
513 km or 319 mi San Jose
$1367
518 km or 322 mi Heredia
$1323
521 km or 324 mi Magangue
$630
526 km or 327 mi Bello
$865
529 km or 329 mi Alajuela
$1294
530 km or 329 mi Medellin
$937
534 km or 332 mi Envigado
$909
558 km or 347 mi Soledad
$847
559 km or 348 mi Barranquilla
$807
595 km or 370 mi Puntarenas
$819
617 km or 383 mi Cartago
$674
617 km or 383 mi Cienaga
$808
623 km or 387 mi Manizales
$651
627 km or 390 mi Santa Teresa
$1233
627 km or 390 mi Pereira
$676
631 km or 392 mi Santa Marta
$908
632 km or 393 mi Buenaventura
$751
636 km or 395 mi Minca
$824
651 km or 404 mi Salento
$628
652 km or 405 mi Armenia
$650
657 km or 408 mi Tulua
$491
658 km or 409 mi Barrancabermeja
$1040
675 km or 419 mi Liberia
$951