Guayaquil vs Panama City - Cost of Living Comparison

Updated:

Livingcost

Guayaquil Panama City
🚶 Cost of living one person
$910
$1384
👨‍👩‍👧‍👦 Cost of living Family
$2330
$3435
🏠 One person rent
$375
$751
🏘️ Family rent
$692
$1474
🍽️ Food expenses
$307
$444
🚐 Transport expenses
$131
$84.4
💳 Monthly salary after tax
$567
$914
😷 Air quality
Moderate
Good
✈️ Airport proximity
3 km
7 km
🎓 Higher education
47
42
😀 Quality of life
58
66
🏙️ Population
2.65M
881K

The cost of living in Guayaquil is 34% less expensive than in Panama City. Cities ranked 6095th and 4139th ($910 vs $1384) in the list of the most expensive cities in the world and ranked 1st and 1st in Ecuador and Panama, respectively. Check Ecuador vs Panama comparison.

The average after-tax salary is enough to cover living expenses for 0.6 months in Guayaquil compared to 0.7 months in Panama City. Guayaquil ranked 2nd best city to live in Ecuador vs Panama City ranked 1st in Panama, while ranked 5554th and 3919th among best cities to live in the world.

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Cost of living in Guayaquil vs Panama City infographic

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Prices in Guayaquil vs Panama City

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

Guayaquil Panama City
Eating Out
🍱 Lunch Menu
$4.82
$12.3
🥂 Dinner in a Restaurant, for 2
$37.6
$55.2
🥪 Fast food meal, equiv. McDonald's
$7.5
$7.6
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$1.77
$2.94
☕ Cappuccino
$2.73
$4.25
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$0.83
$1.9
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$359
$827
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$274
$577
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$608
$1757
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$571
$1198
🔌 Utility Bill one person, electricity, heating, water, etc.
$53.1
$76.7
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$82.5
$118
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$30.6
$47.4
🏦 Mortgage Interest Rate for 20 Years
8.29%
6.12%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$1130
$2406
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$1872
$1535
Transportation
🚌 Local transport ticket
$0.3
$0.35
🎟️ Monthly ticket local transport
$20.8
$26.2
🚕 Taxi Ride, 8 km or 5 mi
$18.9
$13.9
⛽ Gas / Petrol, 1 L or 0.26 gal
$0.78
$1.02
Groceries
🥛 Milk, 1 L or 1 qt
$1.18
$1.78
🍞 Bread, 0.5 kg or 1.1 lb
$1.44
$2.12
🍚 Rice, 1 kg or 2.2 lb
$1.26
$2.08
🥚 Eggs, x12
$2.35
$2.67
🧀 Cheese, 1 kg or 2.2 lb
$6.87
$13.2
🐔 Chicken Breast, 1 kg or 2.2 lb
$5.5
$7.23
🥩 Round Steak, 1 kg or 2.2 lb
$8.77
$10.4
🍏 Apples, 1 kg or 2.2 lb
$2.38
$3.11
🍌 Banana, 1 kg or 2.2 lb
$1.72
$1.54
🍊 Oranges, 1 kg or 2.2 lb
$1.53
$3.09
🍅 Tomato, 1 kg or 2.2 lb
$1.46
$2.94
🥔 Potato, 1 kg or 2.2 lb
$1.62
$2.19
🧅 Onion, 1 kg or 2.2 lb
$1.52
$2.5
🌊 Water, 1 L or 1 qt
$0.74
$1
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.25
$2.51
🍾 Wine (mid-priced), 750 mL bottle
$10.6
$9.03
🍺 Beer, 0.5 L or 16 fl oz
$1.65
$1.14
🚬 Cigarette pack
$5.55
$5.89
💊 Cold medicince, 1 week
$6.76
$10.5
🧴 Hair Shampoo
$5.64
$6.97
🧻 Toilet paper, 4 rolls
$2.22
$3.12
👄 Toothpaste, 1 tube
$2.13
$3.06
Other
🏋️ Gym Membership, 1 month
$35.2
$43.8
🎫 Cinema Ticket, 1 person
$7.15
$6.71
👩‍⚕️ Doctor's visit
$37.4
$49.1
💇 Haircut, simple
$8.01
$13.7
👖 Brand Jeans
$60.3
$54.3
👟 Brand Sneakers
$104
$90.2
👶 Daycare or Preschool, 1 month
$269
$437
🏫 International Primary School, 1 year
$6982
$9531

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Cost of Living in the nearest cities

Cities near Guayaquil

Distance City Cost of living
5.9 km or 3.7 mi Duran
$808
33 km or 21 mi Milagro
$722
58 km or 36 mi Babahoyo
$827
104 km or 65 mi Montanita
$761
113 km or 70 mi La Libertad
$813
121 km or 75 mi Machala
$594
126 km or 78 mi Cuenca
$770
137 km or 85 mi Quevedo
$651
141 km or 87 mi Portoviejo
$760
148 km or 92 mi Riobamba
$545
165 km or 103 mi Manta
$870
166 km or 103 mi Tumbes
$454
175 km or 109 mi Ambato
$574
215 km or 133 mi Loja
$617
229 km or 142 mi Santo Domingo
$592
250 km or 155 mi Mancora
$495
267 km or 166 mi Quito
$902
308 km or 191 mi Talara
$504
315 km or 196 mi Sullana
$498
344 km or 214 mi Ibarra
$528
345 km or 215 mi Piura
$564
348 km or 216 mi Paita
$509
349 km or 217 mi Esmeraldas
$618
409 km or 254 mi Jaen
$517
418 km or 259 mi Ipiales
$504
461 km or 286 mi Tumaco
$544
476 km or 296 mi Pasto
$488
502 km or 312 mi Chachapoyas
$523
509 km or 316 mi Chiclayo
$515
574 km or 357 mi Cajamarca
$500
617 km or 383 mi Tarapoto
$549
630 km or 392 mi Popayan
$462
635 km or 395 mi Florencia
$398
666 km or 414 mi Trujillo
$699
729 km or 453 mi Cali
$733
745 km or 463 mi Buenaventura
$718
751 km or 466 mi Palmira
$652
756 km or 470 mi Iquitos
$679
764 km or 475 mi Neiva
$520
779 km or 484 mi Chimbote
$496

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