Guayaquil vs Panama City - Cost of Living Comparison

Updated:

Livingcost

Guayaquil Panama City
🚶 Cost of living one person
$903
$1316
👨‍👩‍👧‍👦 Cost of living Family
$2335
$3171
🏠 One person rent
$384
$709
🏘️ Family rent
$749
$1291
🍽️ Food expenses
$293
$426
🚐 Transport expenses
$127
$78
💳 Monthly salary after tax
$653
$901
😷 Air quality
Moderate
Moderate
✈️ Airport proximity
3 km
7 km
🎓 Higher education
47
42
😀 Quality of life
62
67
🏙️ Population
2.72M
881K

The cost of living in Guayaquil is 31% less expensive than in Panama City. Cities ranked 5949th and 4138th ($903 vs $1316) 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 0.7 months in Guayaquil compared to 0.7 months in Panama City. Guayaquil ranked 1st best city to live in Ecuador vs Panama City ranked 1st in Panama, while ranked 5176th and 3926th 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
$4.99
$11.5
🥂 Dinner in a Restaurant, for 2
$35
$51.8
🥪 Fast food meal, equiv. McDonald's
$7
$7.97
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$1.7
$2.6
☕ Cappuccino
$2.62
$4.35
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$1.07
$1.75
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$362
$836
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$289
$520
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$648
$1703
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$640
$980
🔌 Utility Bill one person, electricity, heating, water, etc.
$48.5
$78.2
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$74.9
$119
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$32.8
$47.6
🏦 Mortgage Interest Rate for 20 Years
7.8%
5.97%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$1124
$2399
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$1832
$1457
Transportation
🚌 Local transport ticket
$0.32
$0.35
🎟️ Monthly ticket local transport
$17.5
$25.9
🚕 Taxi Ride, 8 km or 5 mi
$19
$12
⛽ Gas / Petrol, 1 L or 0.26 gal
$0.7
$1.06
Groceries
🥛 Milk, 1 L or 1 qt
$1.18
$1.76
🍞 Bread, 0.5 kg or 1.1 lb
$1.51
$2.11
🍚 Rice, 1 kg or 2.2 lb
$1.27
$1.71
🥚 Eggs, x12
$2.6
$2.63
🧀 Cheese, 1 kg or 2.2 lb
$6.1
$11.9
🐔 Chicken Breast, 1 kg or 2.2 lb
$6.17
$7.45
🥩 Round Steak, 1 kg or 2.2 lb
$6.19
$8.87
🍏 Apples, 1 kg or 2.2 lb
$2.25
$2.91
🍌 Banana, 1 kg or 2.2 lb
$1.55
$1.37
🍊 Oranges, 1 kg or 2.2 lb
$1.48
$2.8
🍅 Tomato, 1 kg or 2.2 lb
$1.13
$2.81
🥔 Potato, 1 kg or 2.2 lb
$1.2
$2.1
🧅 Onion, 1 kg or 2.2 lb
$1.09
$2.02
🌊 Water, 1 L or 1 qt
$0.7
$0.98
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.01
$2.59
🍾 Wine (mid-priced), 750 mL bottle
$10.4
$9.98
🍺 Beer, 0.5 L or 16 fl oz
$1.6
$1.14
🚬 Cigarette pack
$4.71
$5.88
💊 Cold medicince, 1 week
$6.8
$9.43
🧴 Hair Shampoo
$5.48
$7.05
🧻 Toilet paper, 4 rolls
$1.7
$3.43
👄 Toothpaste, 1 tube
$1.64
$3.7
Other
🏋️ Gym Membership, 1 month
$41.3
$42
🎫 Cinema Ticket, 1 person
$8.22
$6.85
👩‍⚕️ Doctor's visit
$30.1
$48.6
💇 Haircut, simple
$9.67
$13.5
👖 Brand Jeans
$57.8
$54.3
👟 Brand Sneakers
$106
$86.9
👶 Daycare or Preschool, 1 month
$247
$408
🏫 International Primary School, 1 year
$6864
$9581

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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
$801
33 km or 21 mi Milagro
$731
58 km or 36 mi Babahoyo
$834
104 km or 65 mi Montanita
$754
113 km or 70 mi La Libertad
$814
121 km or 75 mi Machala
$603
126 km or 78 mi Cuenca
$790
137 km or 85 mi Quevedo
$638
141 km or 87 mi Portoviejo
$642
148 km or 92 mi Riobamba
$547
165 km or 103 mi Manta
$870
166 km or 103 mi Tumbes
$472
175 km or 109 mi Ambato
$570
215 km or 133 mi Loja
$637
229 km or 142 mi Santo Domingo
$775
250 km or 155 mi Mancora
$514
267 km or 166 mi Quito
$851
308 km or 191 mi Talara
$532
315 km or 196 mi Sullana
$543
344 km or 214 mi Ibarra
$536
345 km or 215 mi Piura
$592
348 km or 216 mi Paita
$551
349 km or 217 mi Esmeraldas
$612
409 km or 254 mi Jaen
$504
418 km or 259 mi Ipiales
$515
461 km or 286 mi Tumaco
$533
476 km or 296 mi Pasto
$511
502 km or 312 mi Chachapoyas
$499
509 km or 316 mi Chiclayo
$506
574 km or 357 mi Cajamarca
$476
617 km or 383 mi Tarapoto
$525
630 km or 392 mi Popayan
$455
635 km or 395 mi Florencia
$416
666 km or 414 mi Trujillo
$611
729 km or 453 mi Cali
$720
745 km or 463 mi Buenaventura
$552
751 km or 466 mi Palmira
$648
756 km or 470 mi Iquitos
$726
764 km or 475 mi Neiva
$507
779 km or 484 mi Chimbote
$491

Cities near Panama City

Distance City Cost of living
8.1 km or 5 mi Balboa
$1189
16 km or 9.9 mi Tocumen
$1171
26 km or 16 mi Pacora
$1182
34 km or 21 mi La Chorrera
$917
59 km or 37 mi Colon
$1157
108 km or 67 mi Penonome
$940
154 km or 96 mi Chitre
$980
190 km or 118 mi Santiago de Veraguas
$961
321 km or 199 mi Turbo
$624
329 km or 204 mi David
$789
398 km or 247 mi Monteria
$633
403 km or 250 mi Limon
$1147
406 km or 252 mi Santa Cruz de Lorica
$573
452 km or 281 mi Sincelejo
$536
463 km or 288 mi Cartagena
$877
483 km or 300 mi Quibdo
$649
494 km or 307 mi Cartago
$1009
513 km or 319 mi San Jose
$1169
518 km or 322 mi Heredia
$1040
521 km or 324 mi Magangue
$582
526 km or 327 mi Bello
$778
529 km or 329 mi Alajuela
$1163
530 km or 329 mi Medellin
$867
534 km or 332 mi Envigado
$812
558 km or 347 mi Soledad
$851
559 km or 348 mi Barranquilla
$780
595 km or 370 mi Puntarenas
$1024
617 km or 383 mi Cartago
$639
617 km or 383 mi Cienaga
$661
623 km or 387 mi Manizales
$727
627 km or 390 mi Santa Teresa
$1114
627 km or 390 mi Pereira
$639
631 km or 392 mi Santa Marta
$705
632 km or 393 mi Buenaventura
$552
636 km or 395 mi Minca
$655
651 km or 404 mi Salento
$567
652 km or 405 mi Armenia
$551
657 km or 408 mi Tulua
$493
658 km or 409 mi Barrancabermeja
$592
675 km or 419 mi Liberia
$1220