Guatemala City vs Panama City - Cost of Living Comparison

Updated: March 02, 2025

	Guatemala City	Panama City
🚶 Cost of living one person	$1070	$1479
👨‍👩‍👧‍👦 Cost of living Family	$2666	$3609
🏠 One person rent	$503	$846
🏘️ Family rent	$971	$1592
🍽️ Food expenses	$383	$440
🚐 Transport expenses	$67.1	$83
💳 Monthly salary after tax	$457	$967
😷 Air quality	Moderate	Good
✈️ Airport proximity	3 km	7 km
🎓 Higher education	55	42
😀 Quality of life	50	67
🏙️ Population	1.21M	881K

The cost of living in Guatemala City is 28% less expensive than in Panama City. Cities ranked 5029th and 3517th ($1070 vs $1479) in the list of the most expensive cities in the world and ranked 1st and 1st in Guatemala and Panama, respectively. Check Guatemala vs Panama comparison.

The average after-tax salary is enough to cover living expenses for 0.4 months in Guatemala City compared to 0.7 months in Panama City. Guatemala City ranked 1st best city to live in Guatemala vs Panama City ranked 1st in Panama, while ranked 6217th and 3734th among best cities to live in the world.

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Cost of living in Guatemala City vs Panama City infographic

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Prices in Guatemala City vs Panama City

Prices for goods and services in Guatemala City and Panama City are partly crowdsourced by our visitors, just like yourself. Please consider telling us about your city.

	Guatemala City	Panama City
Eating Out
🍱 Lunch Menu	$5.19	$10.4
🥂 Dinner in a Restaurant, for 2	$50	$48.5
🥪 Fast food meal, equiv. McDonald's	$6.46	$8.06
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$2.9	$2.97
☕ Cappuccino	$3.35	$3.99
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$1.23	$1.66
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$610	$891
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$362	$681
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$1350	$1749
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$730	$1344
🔌 Utility Bill one person, electricity, heating, water, etc.	$47.7	$78
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$73.2	$121
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$43.9	$45.4
🏦 Mortgage Interest Rate for 20 Years	9.34%	6.28%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$1636	$2551
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$1002	$1632
Transportation
🚌 Local transport ticket	$1.17	$0.42
🎟️ Monthly ticket local transport	$13.6	$23.2
🚕 Taxi Ride, 8 km or 5 mi	$8.77	$14.3
⛽ Gas / Petrol, 1 L or 0.26 gal	$1.08	$0.96
Groceries
🥛 Milk, 1 L or 1 qt	$2.04	$1.8
🍞 Bread, 0.5 kg or 1.1 lb	$3.29	$2.19
🍚 Rice, 1 kg or 2.2 lb	$2.01	$2.33
🥚 Eggs, x12	$2.55	$2.77
🧀 Cheese, 1 kg or 2.2 lb	$7.63	$12.4
🐔 Chicken Breast, 1 kg or 2.2 lb	$7.92	$7.09
🥩 Round Steak, 1 kg or 2.2 lb	$10.9	$9.99
🍏 Apples, 1 kg or 2.2 lb	$3.74	$3.44
🍌 Banana, 1 kg or 2.2 lb	$1.76	$1.58
🍊 Oranges, 1 kg or 2.2 lb	$3.41	$2.89
🍅 Tomato, 1 kg or 2.2 lb	$1.96	$2.94
🥔 Potato, 1 kg or 2.2 lb	$1.71	$2.23
🧅 Onion, 1 kg or 2.2 lb	$2.54	$2.8
🌊 Water, 1 L or 1 qt	$0.81	$1.07
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$2.54	$2.31
🍾 Wine (mid-priced), 750 mL bottle	$7.73	$10
🍺 Beer, 0.5 L or 16 fl oz	$1.85	$1.29
🚬 Cigarette pack	$3.62	$5.98
💊 Cold medicince, 1 week	$8.08	$11.7
🧴 Hair Shampoo	$5.97	$7.94
🧻 Toilet paper, 4 rolls	$2.66	$3.37
👄 Toothpaste, 1 tube	$2.93	$3.71
Other
🏋️ Gym Membership, 1 month	$49.5	$45.3
🎫 Cinema Ticket, 1 person	$7.73	$7.22
👩‍⚕️ Doctor's visit	$41.1	$54.5
💇 Haircut, simple	$20	$12.9
👖 Brand Jeans	$46.4	$56.8
👟 Brand Sneakers	$121	$93.2
👶 Daycare or Preschool, 1 month	$214	$477
🏫 International Primary School, 1 year	$5937	$13616

Cost of living in other countries

Cost of living

Cost of Living in the nearest cities

Cities near Guatemala City

Distance	City	Cost of living
10 km or 6.2 mi	Mixco	$653
13 km or 7.9 mi	San Miguel Petapa	$941
58 km or 36 mi	Jalapa	$936
69 km or 43 mi	Panajachel	$819
99 km or 61 mi	Coban	$916
105 km or 65 mi	Mazatenango	$886
106 km or 66 mi	Ahuachapan	$1449
107 km or 66 mi	Momostenango	$881
109 km or 68 mi	Quetzaltenango	$784
128 km or 79 mi	Santa Ana	$698
132 km or 82 mi	Sonsonate	$884
169 km or 105 mi	Santa Tecla	$1194
170 km or 106 mi	Apopa	$1160
171 km or 106 mi	Mejicanos	$1175
175 km or 109 mi	Soyapango	$1182
176 km or 109 mi	San Salvador	$1204
190 km or 118 mi	Tapachula	$632
264 km or 164 mi	Usulutan	$1083
267 km or 166 mi	Flores	$878
281 km or 174 mi	Villanueva	$897
282 km or 175 mi	San Miguel	$1088
285 km or 177 mi	San Pedro Sula	$1047
294 km or 183 mi	Choloma	$719
295 km or 183 mi	La Lima	$897
306 km or 190 mi	El Progreso	$903
310 km or 193 mi	Comayagua	$753
310 km or 193 mi	Puerto Cortes	$788
323 km or 201 mi	San Ignacio	$1034
327 km or 203 mi	San Cristobal de las Casas	$667
349 km or 217 mi	Belmopan	$973
362 km or 225 mi	Tegucigalpa	$863
366 km or 227 mi	Tuxtla Gutierrez	$619
369 km or 229 mi	Yoro	$755
371 km or 230 mi	Balancan	$728
407 km or 253 mi	Belize City	$883
422 km or 262 mi	La Ceiba	$626
428 km or 266 mi	Chinandega	$638
439 km or 273 mi	Caye Caulker	$1581
454 km or 282 mi	Villahermosa	$869
459 km or 285 mi	San Pedro Town	$1358

Cities near Panama City

Distance	City	Cost of living
8.1 km or 5 mi	Balboa	$1328
16 km or 9.9 mi	Tocumen	$1310
26 km or 16 mi	Pacora	$1304
34 km or 21 mi	La Chorrera	$957
59 km or 37 mi	Colon	$1172
108 km or 67 mi	Penonome	$1116
154 km or 96 mi	Chitre	$1117
190 km or 118 mi	Santiago de Veraguas	$1089
321 km or 199 mi	Turbo	$664
329 km or 204 mi	David	$890
398 km or 247 mi	Monteria	$645
403 km or 250 mi	Limon	$1225
406 km or 252 mi	Santa Cruz de Lorica	$669
452 km or 281 mi	Sincelejo	$524
463 km or 288 mi	Cartagena	$760
483 km or 300 mi	Quibdo	$705
494 km or 307 mi	Cartago	$1024
513 km or 319 mi	San Jose	$1324
518 km or 322 mi	Heredia	$1296
521 km or 324 mi	Magangue	$604
526 km or 327 mi	Bello	$839
529 km or 329 mi	Alajuela	$1269
530 km or 329 mi	Medellin	$906
534 km or 332 mi	Envigado	$897
558 km or 347 mi	Soledad	$741
559 km or 348 mi	Barranquilla	$773
595 km or 370 mi	Puntarenas	$801
617 km or 383 mi	Cartago	$649
617 km or 383 mi	Cienaga	$742
623 km or 387 mi	Manizales	$653
627 km or 390 mi	Santa Teresa	$1213
627 km or 390 mi	Pereira	$680
631 km or 392 mi	Santa Marta	$837
632 km or 393 mi	Buenaventura	$742
636 km or 395 mi	Minca	$759
651 km or 404 mi	Salento	$605
652 km or 405 mi	Armenia	$598
657 km or 408 mi	Tulua	$513
658 km or 409 mi	Barrancabermeja	$1031
675 km or 419 mi	Liberia	$932