Caracas vs Panama City - Cost of Living Comparison

Updated:

Livingcost

Caracas Panama City
🚶 Cost of living one person
$1253
$1590
👨‍👩‍👧‍👦 Cost of living Family
$3074
$3556
🏠 One person rent
$471
$946
🏘️ Family rent
$824
$1545
🍽️ Food expenses
$486
$439
🚐 Transport expenses
$169
$100
💳 Monthly salary after tax
$304
$973
😷 Air quality
Excellent
Excellent
✈️ Airport proximity
10 km
7 km
🎓 Higher education
54
42
😀 Quality of life
53
71
🏙️ Population
2.25M
1.54M

The cost of living in Caracas is 21% less expensive than in Panama City. Cities ranked 4637th and 3634th ($1253 vs $1590) 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 0.6 months in Panama City. Caracas ranked 1st best city to live in Venezuela vs Panama City ranked 1st in Panama, while ranked 6464th and 3213th 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
$13.1
$9.69
🥂 Dinner in a Restaurant, for 2
$52.4
$45.4
🥪 Fast food meal, equiv. McDonald's
$10.1
$8.03
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$1.82
$2.93
☕ Cappuccino
$4.23
$4.3
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$1.53
$1.82
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$579
$1068
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$374
$747
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$1061
$1913
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$680
$1223
🔌 Utility Bill one person, electricity, heating, water, etc.
$22.1
$90.4
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$33.7
$140
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$34.1
$44.6
🏦 Mortgage Interest Rate for 20 Years
21.92%
6.27%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$1442
$3111
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$681
$1732
Transportation
🚌 Local transport ticket
$0.5
$0.35
🎟️ Monthly ticket local transport
$27.5
$22.5
🚕 Taxi Ride, 8 km or 5 mi
$26.7
$14.7
⛽ Gas / Petrol, 1 L or 0.26 gal
$0.68
$0.98
Groceries
🥛 Milk, 1 L or 1 qt
$2.65
$1.83
🍞 Bread, 0.5 kg or 1.1 lb
$2.05
$2.17
🍚 Rice, 1 kg or 2.2 lb
$1.69
$2.34
🥚 Eggs, x12
$3.7
$3.11
🧀 Cheese, 1 kg or 2.2 lb
$10.5
$12.1
🐔 Chicken Breast, 1 kg or 2.2 lb
$9.3
$7.11
🥩 Round Steak, 1 kg or 2.2 lb
$10.7
$10.6
🍏 Apples, 1 kg or 2.2 lb
$6.84
$3.56
🍌 Banana, 1 kg or 2.2 lb
$1.9
$1.54
🍊 Oranges, 1 kg or 2.2 lb
$2.15
$3.7
🍅 Tomato, 1 kg or 2.2 lb
$2.32
$3.36
🥔 Potato, 1 kg or 2.2 lb
$2.54
$2.62
🧅 Onion, 1 kg or 2.2 lb
$2.16
$3.19
🌊 Water, 1 L or 1 qt
$1.58
$1.24
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$1.73
$2.37
🍾 Wine (mid-priced), 750 mL bottle
$11.3
$12.1
🍺 Beer, 0.5 L or 16 fl oz
$1.42
$1.35
🚬 Cigarette pack
$4.76
$5.95
💊 Cold medicince, 1 week
$7.25
$8.08
🧴 Hair Shampoo
$6.86
$7.95
🧻 Toilet paper, 4 rolls
$3.97
$2.92
👄 Toothpaste, 1 tube
$3.18
$3.05
Other
🏋️ Gym Membership, 1 month
$78.5
$41.9
🎫 Cinema Ticket, 1 person
$6.25
$7.52
👩‍⚕️ Doctor's visit
$48.1
$42.9
💇 Haircut, simple
$17.6
$14.5
👖 Brand Jeans
$68.2
$58.4
👟 Brand Sneakers
$120
$90.7
👶 Daycare or Preschool, 1 month
$160
$505
🏫 International Primary School, 1 year
$5363
$11486

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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
$1058
12 km or 7.3 mi Maiquetia
$1042
16 km or 9.7 mi Catia La Mar
$1080
21 km or 13 mi Los Teques
$1025
30 km or 18 mi Charallave
$801
37 km or 23 mi Cua
$748
40 km or 25 mi Santa Lucia
$805
43 km or 27 mi Santa Teresa del Tuy
$832
43 km or 27 mi Guatire
$947
43 km or 27 mi Guarenas
$954
46 km or 29 mi Ocumare del Tuy
$620
53 km or 33 mi La Victoria
$847
67 km or 41 mi Turmero
$863
67 km or 41 mi Cagua
$819
75 km or 47 mi Santa Rita
$758
78 km or 48 mi Maracay
$756
78 km or 49 mi Palo Negro
$763
80 km or 50 mi El Limon
$723
82 km or 51 mi San Juan de los Morros
$812
93 km or 58 mi Altagracia de Orituco
$865
108 km or 67 mi Guacara
$855
115 km or 71 mi Los Guayos
$774
119 km or 74 mi Puerto Cabello
$838
122 km or 76 mi Valencia
$787
135 km or 84 mi Tocuyito
$764
163 km or 101 mi Tinaquillo
$791
176 km or 109 mi Valle de la Pascua
$847
184 km or 114 mi Calabozo
$900
199 km or 124 mi San Felipe
$788
204 km or 127 mi San Carlos
$839
219 km or 136 mi Zaraza
$853
235 km or 146 mi Kralendijk
$2007
245 km or 152 mi Yaritagua
$734
247 km or 154 mi Lecheria
$773
249 km or 155 mi Barcelona
$873
255 km or 159 mi Puerto la Cruz
$716
260 km or 162 mi Cabudare
$704
268 km or 167 mi Barquisimeto
$724
270 km or 167 mi Acarigua
$771
271 km or 168 mi Araure
$765

Cities near Panama City

Distance City Cost of living
8.1 km or 5 mi Balboa
$1396
16 km or 9.9 mi Tocumen
$1373
26 km or 16 mi Pacora
$1361
34 km or 21 mi La Chorrera
$982
59 km or 37 mi Colon
$1185
108 km or 67 mi Penonome
$1147
154 km or 96 mi Chitre
$1144
190 km or 118 mi Santiago de Veraguas
$1112
321 km or 199 mi Turbo
$797
329 km or 204 mi David
$909
398 km or 247 mi Monteria
$733
403 km or 250 mi Limon
$1228
406 km or 252 mi Santa Cruz de Lorica
$789
452 km or 281 mi Sincelejo
$586
463 km or 288 mi Cartagena
$1186
483 km or 300 mi Quibdo
$802
494 km or 307 mi Cartago
$1361
513 km or 319 mi San Jose
$1574
518 km or 322 mi Heredia
$1471
521 km or 324 mi Magangue
$727
526 km or 327 mi Bello
$1012
529 km or 329 mi Alajuela
$1362
530 km or 329 mi Medellin
$1162
534 km or 332 mi Envigado
$1041
558 km or 347 mi Soledad
$967
559 km or 348 mi Barranquilla
$931
595 km or 370 mi Puntarenas
$872
617 km or 383 mi Cartago
$769
617 km or 383 mi Cienaga
$882
623 km or 387 mi Manizales
$737
627 km or 390 mi Santa Teresa
$1325
627 km or 390 mi Pereira
$862
631 km or 392 mi Santa Marta
$973
632 km or 393 mi Buenaventura
$856
636 km or 395 mi Minca
$891
651 km or 404 mi Salento
$749
652 km or 405 mi Armenia
$749
657 km or 408 mi Tulua
$563
658 km or 409 mi Barrancabermeja
$1001
675 km or 419 mi Liberia
$1024