Guayaquil vs Panama City - Cost of Living Comparison

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Livingcost

Guayaquil Panama City
🚶 Cost of living one person
$953
$1590
👨‍👩‍👧‍👦 Cost of living Family
$2350
$3556
🏠 One person rent
$426
$946
🏘️ Family rent
$724
$1545
🍽️ Food expenses
$300
$439
🚐 Transport expenses
$120
$100
💳 Monthly salary after tax
$594
$973
😷 Air quality
Good
Excellent
✈️ Airport proximity
3 km
7 km
🎓 Higher education
46
42
😀 Quality of life
59
71
🏙️ Population
2.65M
1.54M

The cost of living in Guayaquil is 40% less expensive than in Panama City. Cities ranked 5910th and 3634th ($953 vs $1590) 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 6017th and 3213th 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
$4.6
$9.69
🥂 Dinner in a Restaurant, for 2
$42.4
$45.4
🥪 Fast food meal, equiv. McDonald's
$8.6
$8.03
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$2.57
$2.93
☕ Cappuccino
$3.13
$4.3
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$0.9
$1.82
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$431
$1068
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$311
$747
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$795
$1913
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$550
$1223
🔌 Utility Bill one person, electricity, heating, water, etc.
$65.7
$90.4
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$100
$140
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$24.7
$44.6
🏦 Mortgage Interest Rate for 20 Years
10.03%
6.27%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$1626
$3111
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$1452
$1732
Transportation
🚌 Local transport ticket
$0.35
$0.35
🎟️ Monthly ticket local transport
$23.4
$22.5
🚕 Taxi Ride, 8 km or 5 mi
$15.7
$14.7
⛽ Gas / Petrol, 1 L or 0.26 gal
$0.85
$0.98
Groceries
🥛 Milk, 1 L or 1 qt
$1.16
$1.83
🍞 Bread, 0.5 kg or 1.1 lb
$1.61
$2.17
🍚 Rice, 1 kg or 2.2 lb
$1.27
$2.34
🥚 Eggs, x12
$2.25
$3.11
🧀 Cheese, 1 kg or 2.2 lb
$6.71
$12.1
🐔 Chicken Breast, 1 kg or 2.2 lb
$6.03
$7.11
🥩 Round Steak, 1 kg or 2.2 lb
$9.16
$10.6
🍏 Apples, 1 kg or 2.2 lb
$1.59
$3.56
🍌 Banana, 1 kg or 2.2 lb
$1.09
$1.54
🍊 Oranges, 1 kg or 2.2 lb
$1
$3.7
🍅 Tomato, 1 kg or 2.2 lb
$0.97
$3.36
🥔 Potato, 1 kg or 2.2 lb
$1.38
$2.62
🧅 Onion, 1 kg or 2.2 lb
$0.96
$3.19
🌊 Water, 1 L or 1 qt
$0.65
$1.24
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$1.96
$2.37
🍾 Wine (mid-priced), 750 mL bottle
$12
$12.1
🍺 Beer, 0.5 L or 16 fl oz
$1.54
$1.35
🚬 Cigarette pack
$5.88
$5.95
💊 Cold medicince, 1 week
$4.73
$8.08
🧴 Hair Shampoo
$6.01
$7.95
🧻 Toilet paper, 4 rolls
$1.95
$2.92
👄 Toothpaste, 1 tube
$1.94
$3.05
Other
🏋️ Gym Membership, 1 month
$42.2
$41.9
🎫 Cinema Ticket, 1 person
$6.84
$7.52
👩‍⚕️ Doctor's visit
$41
$42.9
💇 Haircut, simple
$12.9
$14.5
👖 Brand Jeans
$61.6
$58.4
👟 Brand Sneakers
$109
$90.7
👶 Daycare or Preschool, 1 month
$401
$505
🏫 International Primary School, 1 year
$6061
$11486

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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
$842
33 km or 21 mi Milagro
$731
58 km or 36 mi Babahoyo
$827
104 km or 65 mi Montanita
$704
113 km or 70 mi La Libertad
$707
121 km or 75 mi Machala
$584
126 km or 78 mi Cuenca
$829
137 km or 85 mi Quevedo
$653
141 km or 87 mi Portoviejo
$780
148 km or 92 mi Riobamba
$514
165 km or 103 mi Manta
$762
166 km or 103 mi Tumbes
$577
175 km or 109 mi Ambato
$516
215 km or 133 mi Loja
$559
229 km or 142 mi Santo Domingo
$592
250 km or 155 mi Mancora
$660
267 km or 166 mi Quito
$864
308 km or 191 mi Talara
$705
315 km or 196 mi Sullana
$593
344 km or 214 mi Ibarra
$557
345 km or 215 mi Piura
$651
348 km or 216 mi Paita
$638
349 km or 217 mi Esmeraldas
$613
409 km or 254 mi Jaen
$617
418 km or 259 mi Ipiales
$672
461 km or 286 mi Tumaco
$694
476 km or 296 mi Pasto
$675
502 km or 312 mi Chachapoyas
$611
509 km or 316 mi Chiclayo
$667
574 km or 357 mi Cajamarca
$583
617 km or 383 mi Tarapoto
$626
630 km or 392 mi Popayan
$631
635 km or 395 mi Florencia
$524
666 km or 414 mi Trujillo
$811
729 km or 453 mi Cali
$850
745 km or 463 mi Buenaventura
$856
751 km or 466 mi Palmira
$788
756 km or 470 mi Iquitos
$745
764 km or 475 mi Neiva
$606
779 km or 484 mi Chimbote
$527

Cities near Panama City

Distance City Cost of living
8.1 km or 5 mi Balboa
$1396
16 km or 9.9 mi Tocumen
$1373
26 km or 16 mi Pacora
$1361
34 km or 21 mi La Chorrera
$982
59 km or 37 mi Colon
$1185
108 km or 67 mi Penonome
$1147
154 km or 96 mi Chitre
$1144
190 km or 118 mi Santiago de Veraguas
$1112
321 km or 199 mi Turbo
$797
329 km or 204 mi David
$909
398 km or 247 mi Monteria
$733
403 km or 250 mi Limon
$1228
406 km or 252 mi Santa Cruz de Lorica
$789
452 km or 281 mi Sincelejo
$586
463 km or 288 mi Cartagena
$1186
483 km or 300 mi Quibdo
$802
494 km or 307 mi Cartago
$1361
513 km or 319 mi San Jose
$1574
518 km or 322 mi Heredia
$1471
521 km or 324 mi Magangue
$727
526 km or 327 mi Bello
$1012
529 km or 329 mi Alajuela
$1362
530 km or 329 mi Medellin
$1162
534 km or 332 mi Envigado
$1041
558 km or 347 mi Soledad
$967
559 km or 348 mi Barranquilla
$931
595 km or 370 mi Puntarenas
$872
617 km or 383 mi Cartago
$769
617 km or 383 mi Cienaga
$882
623 km or 387 mi Manizales
$737
627 km or 390 mi Santa Teresa
$1325
627 km or 390 mi Pereira
$862
631 km or 392 mi Santa Marta
$973
632 km or 393 mi Buenaventura
$856
636 km or 395 mi Minca
$891
651 km or 404 mi Salento
$749
652 km or 405 mi Armenia
$749
657 km or 408 mi Tulua
$563
658 km or 409 mi Barrancabermeja
$1001
675 km or 419 mi Liberia
$1024