Guayaquil vs Panama City - Cost of Living Comparison

Updated:

Livingcost

Guayaquil Panama City
🚶 Cost of living one person
$1029
$1583
👨‍👩‍👧‍👦 Cost of living Family
$2552
$3567
🏠 One person rent
$474
$976
🏘️ Family rent
$828
$1633
🍽️ Food expenses
$312
$432
🚐 Transport expenses
$130
$69.1
💳 Monthly salary after tax
$533
$936
😷 Air quality
Good
Excellent
✈️ Airport proximity
3 km
7 km
🎓 Higher education
45
42
😀 Quality of life
56
69
🏙️ Population
2.65M
410K

The cost of living in Guayaquil is 35% less expensive than in Panama City. Cities ranked 5445th and 3744th ($1029 vs $1583) 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 0.5 months in Guayaquil compared to 0.6 months in Panama City. Guayaquil ranked 2nd best city to live in Ecuador vs Panama City ranked 1st in Panama, while ranked 6296th and 4400th among best cities to live in the world.

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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
$4.01
$10.6
🥂 Dinner in a Restaurant, for 2
$50.1
$45.3
🥪 Fast food meal, equiv. McDonald's
$9.25
$7.39
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$3
$2.97
☕ Cappuccino
$2.71
$3.94
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$0.88
$1.71
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$393
$1062
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$366
$794
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$718
$1911
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$676
$1347
🔌 Utility Bill one person, electricity, heating, water, etc.
$77.4
$82.5
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$118
$128
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$25.3
$45.4
🏦 Mortgage Interest Rate for 20 Years
10.02%
6.26%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$1423
$3048
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$1428
$1725
Transportation
🚌 Local transport ticket
$0.35
$0.35
🎟️ Monthly ticket local transport
$20.2
$22.2
🚕 Taxi Ride, 8 km or 5 mi
$18.7
$17.4
⛽ Gas / Petrol, 1 L or 0.26 gal
$0.79
$0.93
Groceries
🥛 Milk, 1 L or 1 qt
$1.19
$1.84
🍞 Bread, 0.5 kg or 1.1 lb
$1.82
$2.23
🍚 Rice, 1 kg or 2.2 lb
$1.49
$2.33
🥚 Eggs, x12
$2.18
$3.26
🧀 Cheese, 1 kg or 2.2 lb
$7.1
$11.2
🐔 Chicken Breast, 1 kg or 2.2 lb
$5.34
$6.57
🥩 Round Steak, 1 kg or 2.2 lb
$8.71
$9.64
🍏 Apples, 1 kg or 2.2 lb
$1.86
$3.53
🍌 Banana, 1 kg or 2.2 lb
$1.27
$1.62
🍊 Oranges, 1 kg or 2.2 lb
$1.03
$3.29
🍅 Tomato, 1 kg or 2.2 lb
$1.13
$3.03
🥔 Potato, 1 kg or 2.2 lb
$1.62
$2.46
🧅 Onion, 1 kg or 2.2 lb
$1.09
$3.74
🌊 Water, 1 L or 1 qt
$0.62
$1.16
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.02
$2.41
🍾 Wine (mid-priced), 750 mL bottle
$11.5
$11.6
🍺 Beer, 0.5 L or 16 fl oz
$1.53
$1.44
🚬 Cigarette pack
$5.95
$6.04
💊 Cold medicince, 1 week
$5.54
$8.16
🧴 Hair Shampoo
$5.8
$8.03
🧻 Toilet paper, 4 rolls
$2.01
$2.96
👄 Toothpaste, 1 tube
$1.97
$3.04
Other
🏋️ Gym Membership, 1 month
$43
$42.8
🎫 Cinema Ticket, 1 person
$7.44
$7.3
👩‍⚕️ Doctor's visit
$48.8
$50.2
💇 Haircut, simple
$11.2
$14.5
👖 Brand Jeans
$57.1
$53.6
👟 Brand Sneakers
$124
$91.3
👶 Daycare or Preschool, 1 month
$394
$503
🏫 International Primary School, 1 year
$6500
$13402

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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
$905
33 km or 21 mi Milagro
$755
58 km or 36 mi Babahoyo
$847
104 km or 65 mi Montanita
$734
113 km or 70 mi La Libertad
$716
121 km or 75 mi Machala
$584
126 km or 78 mi Cuenca
$822
137 km or 85 mi Quevedo
$656
141 km or 87 mi Portoviejo
$785
148 km or 92 mi Riobamba
$510
165 km or 103 mi Manta
$814
166 km or 103 mi Tumbes
$590
175 km or 109 mi Ambato
$538
215 km or 133 mi Loja
$594
229 km or 142 mi Santo Domingo
$598
250 km or 155 mi Mancora
$668
267 km or 166 mi Quito
$902
308 km or 191 mi Talara
$714
315 km or 196 mi Sullana
$605
344 km or 214 mi Ibarra
$569
345 km or 215 mi Piura
$660
348 km or 216 mi Paita
$650
349 km or 217 mi Esmeraldas
$613
409 km or 254 mi Jaen
$619
418 km or 259 mi Ipiales
$640
461 km or 286 mi Tumaco
$663
476 km or 296 mi Pasto
$637
502 km or 312 mi Chachapoyas
$607
509 km or 316 mi Chiclayo
$676
574 km or 357 mi Cajamarca
$596
617 km or 383 mi Tarapoto
$617
630 km or 392 mi Popayan
$606
635 km or 395 mi Florencia
$514
666 km or 414 mi Trujillo
$746
729 km or 453 mi Cali
$829
745 km or 463 mi Buenaventura
$825
751 km or 466 mi Palmira
$746
756 km or 470 mi Iquitos
$760
764 km or 475 mi Neiva
$592
779 km or 484 mi Chimbote
$540

Cities near Panama City

Distance City Cost of living
8.1 km or 5 mi Balboa
$1425
16 km or 9.9 mi Tocumen
$1403
26 km or 16 mi Pacora
$1395
34 km or 21 mi La Chorrera
$977
59 km or 37 mi Colon
$1179
108 km or 67 mi Penonome
$1153
154 km or 96 mi Chitre
$1154
190 km or 118 mi Santiago de Veraguas
$1122
321 km or 199 mi Turbo
$764
329 km or 204 mi David
$922
398 km or 247 mi Monteria
$703
403 km or 250 mi Limon
$1332
406 km or 252 mi Santa Cruz de Lorica
$764
452 km or 281 mi Sincelejo
$572
463 km or 288 mi Cartagena
$1155
483 km or 300 mi Quibdo
$757
494 km or 307 mi Cartago
$1290
513 km or 319 mi San Jose
$1454
518 km or 322 mi Heredia
$1378
521 km or 324 mi Magangue
$707
526 km or 327 mi Bello
$915
529 km or 329 mi Alajuela
$1323
530 km or 329 mi Medellin
$1071
534 km or 332 mi Envigado
$992
558 km or 347 mi Soledad
$950
559 km or 348 mi Barranquilla
$909
595 km or 370 mi Puntarenas
$825
617 km or 383 mi Cartago
$738
617 km or 383 mi Cienaga
$874
623 km or 387 mi Manizales
$717
627 km or 390 mi Santa Teresa
$1273
627 km or 390 mi Pereira
$789
631 km or 392 mi Santa Marta
$971
632 km or 393 mi Buenaventura
$825
636 km or 395 mi Minca
$887
651 km or 404 mi Salento
$709
652 km or 405 mi Armenia
$719
657 km or 408 mi Tulua
$537
658 km or 409 mi Barrancabermeja
$1040
675 km or 419 mi Liberia
$957