Incheon vs Panama City - Cost of Living Comparison

Updated:

Livingcost

Incheon Panama City
🚶 Cost of living one person
$1057
$1583
👨‍👩‍👧‍👦 Cost of living Family
$2600
$3567
🏠 One person rent
$443
$976
🏘️ Family rent
$756
$1633
🍽️ Food expenses
$429
$432
🚐 Transport expenses
$97.3
$69.1
💳 Monthly salary after tax
$2266
$936
😷 Air quality
Moderate
Excellent
✈️ Airport proximity
16 km
7 km
🎓 Higher education
91
42
😀 Quality of life
93
69
🏙️ Population
3.05M
410K

The cost of living in Incheon is 33% less expensive than in Panama City. Cities ranked 5250th and 3744th ($1057 vs $1583) in the list of the most expensive cities in the world and ranked 28th and 1st in South Korea and Panama, respectively. Check South Korea vs Panama comparison.

The average after-tax salary is enough to cover living expenses for 2.1 months in Incheon compared to 0.6 months in Panama City. Incheon ranked 1st best city to live in South Korea vs Panama City ranked 1st in Panama, while ranked 54th and 4400th among best cities to live in the world.

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the estimated difference in money purchasing power

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Prices in Incheon vs Panama City

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

Incheon Panama City
Eating Out
🍱 Lunch Menu
$6.47
$10.6
🥂 Dinner in a Restaurant, for 2
$34.6
$45.3
🥪 Fast food meal, equiv. McDonald's
$6.21
$7.39
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$3.33
$2.97
☕ Cappuccino
$3.49
$3.94
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$1.44
$1.71
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$512
$1062
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$285
$794
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$927
$1911
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$510
$1347
🔌 Utility Bill one person, electricity, heating, water, etc.
$92.9
$82.5
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$143
$128
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$19.5
$45.4
🏦 Mortgage Interest Rate for 20 Years
4.01%
6.26%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$6391
$3048
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$5217
$1725
Transportation
🚌 Local transport ticket
$1.02
$0.35
🎟️ Monthly ticket local transport
$24.9
$22.2
🚕 Taxi Ride, 8 km or 5 mi
$8.1
$17.4
⛽ Gas / Petrol, 1 L or 0.26 gal
$1.16
$0.93
Groceries
🥛 Milk, 1 L or 1 qt
$2.03
$1.84
🍞 Bread, 0.5 kg or 1.1 lb
$2.88
$2.23
🍚 Rice, 1 kg or 2.2 lb
$2.61
$2.33
🥚 Eggs, x12
$3
$3.26
🧀 Cheese, 1 kg or 2.2 lb
$14
$11.2
🐔 Chicken Breast, 1 kg or 2.2 lb
$6.42
$6.57
🥩 Round Steak, 1 kg or 2.2 lb
$12.7
$9.64
🍏 Apples, 1 kg or 2.2 lb
$7.05
$3.53
🍌 Banana, 1 kg or 2.2 lb
$2.77
$1.62
🍊 Oranges, 1 kg or 2.2 lb
$5.56
$3.29
🍅 Tomato, 1 kg or 2.2 lb
$6.26
$3.03
🥔 Potato, 1 kg or 2.2 lb
$3.21
$2.46
🧅 Onion, 1 kg or 2.2 lb
$1.84
$3.74
🌊 Water, 1 L or 1 qt
$0.79
$1.16
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$3.97
$2.41
🍾 Wine (mid-priced), 750 mL bottle
$15.5
$11.6
🍺 Beer, 0.5 L or 16 fl oz
$1.92
$1.44
🚬 Cigarette pack
$3.1
$6.04
💊 Cold medicince, 1 week
$3.86
$8.16
🧴 Hair Shampoo
$5.89
$8.03
🧻 Toilet paper, 4 rolls
$2.97
$2.96
👄 Toothpaste, 1 tube
$1.83
$3.04
Other
🏋️ Gym Membership, 1 month
$31.8
$42.8
🎫 Cinema Ticket, 1 person
$10.4
$7.3
👩‍⚕️ Doctor's visit
$32.1
$50.2
💇 Haircut, simple
$7.62
$14.5
👖 Brand Jeans
$55
$53.6
👟 Brand Sneakers
$69
$91.3
👶 Daycare or Preschool, 1 month
$252
$503
🏫 International Primary School, 1 year
$12514
$13402

Cost of living in other countries

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Cost of Living in the nearest cities

Cities near Incheon

Distance City Cost of living
12 km or 7.8 mi Bucheon
$1167
19 km or 12 mi Gimpo
$1068
19 km or 12 mi Gwangmyeong
$1071
22 km or 14 mi Ansan
$1044
26 km or 16 mi Anyang
$988
27 km or 17 mi Goyang
$1092
28 km or 18 mi Gunpo
$1112
30 km or 19 mi Gwacheon
$1061
31 km or 19 mi Hwaseong
$1076
31 km or 19 mi Uiwang
$1063
34 km or 21 mi Seoul
$1363
38 km or 23 mi Suwon
$1030
42 km or 26 mi Siheung
$1292
43 km or 27 mi Seongnam
$1425
44 km or 27 mi Paju
$1049
46 km or 29 mi Guri
$1117
47 km or 29 mi Uijeongbu
$913
50 km or 31 mi Yangju
$937
51 km or 31 mi Hanam
$1162
51 km or 32 mi Osan
$1050
53 km or 33 mi Namyangju
$1120
54 km or 34 mi Gwangju
$1179
55 km or 34 mi Yongin
$1102
57 km or 35 mi Kaesong
$1563
62 km or 38 mi Dongducheon
$1007
63 km or 39 mi Dangjin
$984
65 km or 40 mi Pyeongtaek
$1095
68 km or 42 mi Pocheon
$1008
73 km or 45 mi Icheon
$1134
75 km or 47 mi Anseong
$1046
78 km or 48 mi Seosan
$986
86 km or 53 mi Cheonan
$1121
89 km or 56 mi Yeoju
$1053
104 km or 64 mi Haeju
$1568
106 km or 66 mi Chuncheon
$867
113 km or 70 mi Wonju
$1073
118 km or 74 mi Cheongju
$903
120 km or 74 mi Gongju
$1019
122 km or 76 mi Sejong
$986
126 km or 78 mi Boryeong
$1072

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