Incheon vs Panama City - Cost of Living Comparison

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Livingcost

Incheon Panama City
🚶 Cost of living one person
$1032
$1590
👨‍👩‍👧‍👦 Cost of living Family
$2545
$3556
🏠 One person rent
$446
$946
🏘️ Family rent
$755
$1545
🍽️ Food expenses
$409
$439
🚐 Transport expenses
$95.5
$100
💳 Monthly salary after tax
$2157
$973
😷 Air quality
Moderate
Excellent
✈️ Airport proximity
16 km
7 km
🎓 Higher education
91
42
😀 Quality of life
93
71
🏙️ Population
3.05M
1.54M

The cost of living in Incheon is 35% less expensive than in Panama City. Cities ranked 5322nd and 3634th ($1032 vs $1590) in the list of the most expensive cities in the world and ranked 24th 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 2nd best city to live in South Korea vs Panama City ranked 1st in Panama, while ranked 55th and 3213th among best cities to live in the world.

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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
$6.02
$9.69
🥂 Dinner in a Restaurant, for 2
$32.7
$45.4
🥪 Fast food meal, equiv. McDonald's
$5.89
$8.03
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$3.24
$2.93
☕ Cappuccino
$3.26
$4.3
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$1.38
$1.82
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$483
$1068
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$291
$747
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$884
$1913
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$511
$1223
🔌 Utility Bill one person, electricity, heating, water, etc.
$98.8
$90.4
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$151
$140
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$17.8
$44.6
🏦 Mortgage Interest Rate for 20 Years
4.02%
6.27%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$6068
$3111
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$4981
$1732
Transportation
🚌 Local transport ticket
$1
$0.35
🎟️ Monthly ticket local transport
$25.2
$22.5
🚕 Taxi Ride, 8 km or 5 mi
$7.6
$14.7
⛽ Gas / Petrol, 1 L or 0.26 gal
$1.19
$0.98
Groceries
🥛 Milk, 1 L or 1 qt
$1.96
$1.83
🍞 Bread, 0.5 kg or 1.1 lb
$2.76
$2.17
🍚 Rice, 1 kg or 2.2 lb
$2.21
$2.34
🥚 Eggs, x12
$2.76
$3.11
🧀 Cheese, 1 kg or 2.2 lb
$13.9
$12.1
🐔 Chicken Breast, 1 kg or 2.2 lb
$6.88
$7.11
🥩 Round Steak, 1 kg or 2.2 lb
$10.8
$10.6
🍏 Apples, 1 kg or 2.2 lb
$6.73
$3.56
🍌 Banana, 1 kg or 2.2 lb
$2.86
$1.54
🍊 Oranges, 1 kg or 2.2 lb
$5
$3.7
🍅 Tomato, 1 kg or 2.2 lb
$5.7
$3.36
🥔 Potato, 1 kg or 2.2 lb
$3.1
$2.62
🧅 Onion, 1 kg or 2.2 lb
$2.11
$3.19
🌊 Water, 1 L or 1 qt
$0.67
$1.24
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$3.78
$2.37
🍾 Wine (mid-priced), 750 mL bottle
$16.4
$12.1
🍺 Beer, 0.5 L or 16 fl oz
$1.99
$1.35
🚬 Cigarette pack
$2.98
$5.95
💊 Cold medicince, 1 week
$3.62
$8.08
🧴 Hair Shampoo
$5.16
$7.95
🧻 Toilet paper, 4 rolls
$2.67
$2.92
👄 Toothpaste, 1 tube
$1.71
$3.05
Other
🏋️ Gym Membership, 1 month
$30.4
$41.9
🎫 Cinema Ticket, 1 person
$9.82
$7.52
👩‍⚕️ Doctor's visit
$27.2
$42.9
💇 Haircut, simple
$6.78
$14.5
👖 Brand Jeans
$52.1
$58.4
👟 Brand Sneakers
$66.1
$90.7
👶 Daycare or Preschool, 1 month
$288
$505
🏫 International Primary School, 1 year
$14291
$11486

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
$1090
19 km or 12 mi Gimpo
$1040
19 km or 12 mi Gwangmyeong
$1029
22 km or 14 mi Ansan
$1001
26 km or 16 mi Anyang
$943
27 km or 17 mi Goyang
$1052
28 km or 18 mi Gunpo
$1053
30 km or 19 mi Gwacheon
$1031
31 km or 19 mi Hwaseong
$1045
31 km or 19 mi Uiwang
$1022
34 km or 21 mi Seoul
$1296
38 km or 23 mi Suwon
$985
42 km or 26 mi Siheung
$1313
43 km or 27 mi Seongnam
$1455
44 km or 27 mi Paju
$1010
46 km or 29 mi Guri
$1089
47 km or 29 mi Uijeongbu
$868
50 km or 31 mi Yangju
$894
51 km or 31 mi Hanam
$1152
51 km or 32 mi Osan
$1019
53 km or 33 mi Namyangju
$1094
54 km or 34 mi Gwangju
$1179
55 km or 34 mi Yongin
$1061
57 km or 35 mi Kaesong
$1557
62 km or 38 mi Dongducheon
$977
63 km or 39 mi Dangjin
$952
65 km or 40 mi Pyeongtaek
$1048
68 km or 42 mi Pocheon
$982
73 km or 45 mi Icheon
$1108
75 km or 47 mi Anseong
$1016
78 km or 48 mi Seosan
$917
86 km or 53 mi Cheonan
$1128
89 km or 56 mi Yeoju
$1033
104 km or 64 mi Haeju
$1562
106 km or 66 mi Chuncheon
$819
113 km or 70 mi Wonju
$1062
118 km or 74 mi Cheongju
$865
120 km or 74 mi Gongju
$1009
122 km or 76 mi Sejong
$971
126 km or 78 mi Boryeong
$1012

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