Guayaquil vs Panama City - Cost of Living Comparison

Updated:

Livingcost

Guayaquil Panama City
🚶 Cost of living one person
$1006
$1560
👨‍👩‍👧‍👦 Cost of living Family
$2484
$3547
🏠 One person rent
$452
$943
🏘️ Family rent
$770
$1558
🍽️ Food expenses
$300
$429
🚐 Transport expenses
$147
$78.4
💳 Monthly salary after tax
$582
$982
😷 Air quality
Good
Excellent
✈️ Airport proximity
3 km
7 km
🎓 Higher education
46
43
😀 Quality of life
56
71
🏙️ Population
2.65M
410K

The cost of living in Guayaquil is 36% less expensive than in Panama City. Cities ranked 5530th and 3737th ($1006 vs $1560) 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 0.6 months in Panama City. Guayaquil ranked 2nd best city to live in Ecuador vs Panama City ranked 1st in Panama, while ranked 6218th and 3765th 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
$3.51
$10.6
🥂 Dinner in a Restaurant, for 2
$50.1
$45.7
🥪 Fast food meal, equiv. McDonald's
$8.07
$8.08
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$2.99
$2.93
☕ Cappuccino
$2.54
$4.03
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$0.85
$1.69
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$373
$1015
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$353
$759
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$620
$1675
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$646
$1306
🔌 Utility Bill one person, electricity, heating, water, etc.
$67.2
$86.4
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$102
$133
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$27.2
$45.5
🏦 Mortgage Interest Rate for 20 Years
9.57%
6.41%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$1245
$2662
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$1673
$1618
Transportation
🚌 Local transport ticket
$0.35
$0.35
🎟️ Monthly ticket local transport
$20.8
$23.2
🚕 Taxi Ride, 8 km or 5 mi
$22.3
$20.5
⛽ Gas / Petrol, 1 L or 0.26 gal
$0.71
$0.97
Groceries
🥛 Milk, 1 L or 1 qt
$1.12
$1.79
🍞 Bread, 0.5 kg or 1.1 lb
$1.62
$2.25
🍚 Rice, 1 kg or 2.2 lb
$1.57
$2.11
🥚 Eggs, x12
$2.48
$3.17
🧀 Cheese, 1 kg or 2.2 lb
$6.17
$11.7
🐔 Chicken Breast, 1 kg or 2.2 lb
$4.75
$6.81
🥩 Round Steak, 1 kg or 2.2 lb
$8.15
$9.86
🍏 Apples, 1 kg or 2.2 lb
$1.9
$3.27
🍌 Banana, 1 kg or 2.2 lb
$1.39
$1.52
🍊 Oranges, 1 kg or 2.2 lb
$1.04
$3.27
🍅 Tomato, 1 kg or 2.2 lb
$1.15
$3.05
🥔 Potato, 1 kg or 2.2 lb
$1.49
$2.34
🧅 Onion, 1 kg or 2.2 lb
$1.1
$3.26
🌊 Water, 1 L or 1 qt
$0.65
$1.05
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$1.87
$2.44
🍾 Wine (mid-priced), 750 mL bottle
$10
$11.2
🍺 Beer, 0.5 L or 16 fl oz
$1.54
$1.38
🚬 Cigarette pack
$5.94
$5.92
💊 Cold medicince, 1 week
$6.49
$8.17
🧴 Hair Shampoo
$5.93
$8.06
🧻 Toilet paper, 4 rolls
$2.24
$2.98
👄 Toothpaste, 1 tube
$1.82
$3.05
Other
🏋️ Gym Membership, 1 month
$42.3
$42.6
🎫 Cinema Ticket, 1 person
$7.75
$7.32
👩‍⚕️ Doctor's visit
$46
$58.4
💇 Haircut, simple
$10.3
$14.3
👖 Brand Jeans
$50.2
$54
👟 Brand Sneakers
$114
$91.3
👶 Daycare or Preschool, 1 month
$340
$477
🏫 International Primary School, 1 year
$6540
$15637

Cost of living in other countries

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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
$869
33 km or 21 mi Milagro
$745
58 km or 36 mi Babahoyo
$841
104 km or 65 mi Montanita
$728
113 km or 70 mi La Libertad
$712
121 km or 75 mi Machala
$587
126 km or 78 mi Cuenca
$780
137 km or 85 mi Quevedo
$649
141 km or 87 mi Portoviejo
$776
148 km or 92 mi Riobamba
$509
165 km or 103 mi Manta
$859
166 km or 103 mi Tumbes
$582
175 km or 109 mi Ambato
$542
215 km or 133 mi Loja
$601
229 km or 142 mi Santo Domingo
$598
250 km or 155 mi Mancora
$656
267 km or 166 mi Quito
$882
308 km or 191 mi Talara
$704
315 km or 196 mi Sullana
$596
344 km or 214 mi Ibarra
$585
345 km or 215 mi Piura
$648
348 km or 216 mi Paita
$638
349 km or 217 mi Esmeraldas
$606
409 km or 254 mi Jaen
$609
418 km or 259 mi Ipiales
$604
461 km or 286 mi Tumaco
$622
476 km or 296 mi Pasto
$608
502 km or 312 mi Chachapoyas
$598
509 km or 316 mi Chiclayo
$667
574 km or 357 mi Cajamarca
$589
617 km or 383 mi Tarapoto
$607
630 km or 392 mi Popayan
$572
635 km or 395 mi Florencia
$489
666 km or 414 mi Trujillo
$730
729 km or 453 mi Cali
$759
745 km or 463 mi Buenaventura
$782
751 km or 466 mi Palmira
$693
756 km or 470 mi Iquitos
$748
764 km or 475 mi Neiva
$565
779 km or 484 mi Chimbote
$531

Cities near Panama City

Distance City Cost of living
8.1 km or 5 mi Balboa
$1400
16 km or 9.9 mi Tocumen
$1377
26 km or 16 mi Pacora
$1371
34 km or 21 mi La Chorrera
$981
59 km or 37 mi Colon
$1188
108 km or 67 mi Penonome
$1150
154 km or 96 mi Chitre
$1150
190 km or 118 mi Santiago de Veraguas
$1122
321 km or 199 mi Turbo
$721
329 km or 204 mi David
$925
398 km or 247 mi Monteria
$663
403 km or 250 mi Limon
$1288
406 km or 252 mi Santa Cruz de Lorica
$715
452 km or 281 mi Sincelejo
$547
463 km or 288 mi Cartagena
$1105
483 km or 300 mi Quibdo
$708
494 km or 307 mi Cartago
$1241
513 km or 319 mi San Jose
$1398
518 km or 322 mi Heredia
$1335
521 km or 324 mi Magangue
$667
526 km or 327 mi Bello
$881
529 km or 329 mi Alajuela
$1303
530 km or 329 mi Medellin
$1030
534 km or 332 mi Envigado
$950
558 km or 347 mi Soledad
$883
559 km or 348 mi Barranquilla
$843
595 km or 370 mi Puntarenas
$821
617 km or 383 mi Cartago
$679
617 km or 383 mi Cienaga
$831
623 km or 387 mi Manizales
$678
627 km or 390 mi Santa Teresa
$1236
627 km or 390 mi Pereira
$730
631 km or 392 mi Santa Marta
$929
632 km or 393 mi Buenaventura
$782
636 km or 395 mi Minca
$847
651 km or 404 mi Salento
$655
652 km or 405 mi Armenia
$667
657 km or 408 mi Tulua
$511
658 km or 409 mi Barrancabermeja
$1082
675 km or 419 mi Liberia
$953