Guatemala vs Panama - Cost of Living Comparison

Updated:

Livingcost

Guatemala Panama
🚶 Cost of living one person
$922
$1323
👨‍👩‍👧‍👦 Cost of living Family
$2260
$3204
🏠 One person rent
$415
$721
🏘️ Family rent
$734
$1275
🍽️ Food expenses
$351
$435
🚐 Transport expenses
$49.1
$66.2
💳 Monthly salary after tax
$458
$894
💸 GDP per capita
$5763
$18686
😃 Human freedom index
7.21
8
❤️ Life expectancy
68.7
76.8
👮 Corruption perceptions index
25
33
🌐 English speaking %
1%
14%
🎓 Higher education
49
47
😀 Quality of life
31
55
🏙️ Population
17.3M
4.1M

The average cost of living in Guatemala ($922) is 30% less expensive than in Panama ($1323). Guatemala ranked 96th vs 44th for Panama in the list of the most expensive countries in the world.

The average after-tax salary is enough to cover living expenses for 0.5 months in Guatemala compared to 0.7 months in Panama. Ranked 144th and 69th best countries to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

Cost of living in Guatemala vs Panama infographic

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Prices in Guatemala vs Panama

We calculate prices for Guatemala and Panama as a population-weighted mean of 10 and 10 cities, respectively. Since large cities tend to have a higher cost of living, it's better to visit specific city pages below for more relevant information.

Guatemala Panama
Eating Out
🍱 Lunch Menu
$4.7
$9.43
🥂 Dinner in a Restaurant, for 2
$43.6
$47.5
🥪 Fast food meal, equiv. McDonald's
$6.27
$7.88
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$2.63
$2.86
 Cappuccino
$3.09
$3.78
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$1.07
$1.64
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$449
$748
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$304
$554
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$918
$1451
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$557
$1015
🔌 Utility Bill one person, electricity, heating, water, etc.
$42.6
$82
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$65.3
$127
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$39.5
$46
🏦 Mortgage Interest Rate for 20 Years
9.26%
6.34%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$1492
$2471
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$844
$1596
Transportation
🚌 Local transport ticket
$0.86
$0.46
🎟️ Monthly ticket local transport
$13
$28.1
🚕 Taxi Ride, 8 km or 5 mi
$8.79
$15.1
 Gas / Petrol, 1 L or 0.26 gal
$1.09
$1.01
Groceries
🥛 Milk, 1 L or 1 qt
$1.81
$1.79
🍞 Bread, 0.5 kg or 1.1 lb
$2.76
$2.28
🍚 Rice, 1 kg or 2.2 lb
$1.76
$2.48
🥚 Eggs, x12
$2.41
$2.77
🧀 Cheese, 1 kg or 2.2 lb
$6.6
$12
🐔 Chicken Breast, 1 kg or 2.2 lb
$7.51
$7.24
🥩 Round Steak, 1 kg or 2.2 lb
$9.52
$9.54
🍏 Apples, 1 kg or 2.2 lb
$3.1
$3.58
🍌 Banana, 1 kg or 2.2 lb
$1.6
$1.58
🍊 Oranges, 1 kg or 2.2 lb
$2.92
$2.89
🍅 Tomato, 1 kg or 2.2 lb
$1.91
$2.93
🥔 Potato, 1 kg or 2.2 lb
$1.62
$2.27
🧅 Onion, 1 kg or 2.2 lb
$2.3
$2.78
🌊 Water, 1 L or 1 qt
$0.72
$1.07
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.62
$2.3
🍾 Wine (mid-priced), 750 mL bottle
$7.09
$9.69
🍺 Beer, 0.5 L or 16 fl oz
$1.86
$1.22
🚬 Cigarette pack
$3.54
$5.98
💊 Cold medicince, 1 week
$7.85
$12.9
🧴 Hair Shampoo
$6.79
$6.69
🧻 Toilet paper, 4 rolls
$2.75
$3.06
👄 Toothpaste, 1 tube
$2.73
$3.1
Other
🏋️ Gym Membership, 1 month
$42.3
$39.8
🎫 Cinema Ticket, 1 person
$7.22
$7.1
👩‍⚕️ Doctor's visit
$38.8
$49.2
💇 Haircut, simple
$15.7
$10.9
👖 Brand Jeans
$47.4
$53.9
👟 Brand Sneakers
$116
$88.4
👶 Daycare or Preschool, 1 month
$183
$475
🏫 International Primary School, 1 year
$5931
$13168

Cost of living in other countries

Cost of living

Cities Comparison in Guatemala vs Panama

More countries to compare

Cost of Living in Popular cities

In Guatemala

City Cost of living Population
Guatemala City
$1070
1.21M
Mixco
$653
528K
Coban
$916
229K
Quetzaltenango
$784
208K
Jalapa
$936
193K
San Miguel Petapa
$941
151K
Momostenango
$881
140K
Mazatenango
$886
83.8K
Flores
$878
44.7K
Panajachel
$819
16.1K

In Panama

City Cost of living Population
Panama City
$1479
881K
Colon
$1172
242K
Tocumen
$1310
103K
Santiago de Veraguas
$1089
89K
La Chorrera
$957
68.9K
Balboa
$1328
62.9K
David
$890
82.9K
Chitre
$1117
60.5K
Pacora
$1304
52.5K
Penonome
$1116
21.7K