Incheon vs Panama City - Cost of Living Comparison

Updated:

Livingcost

Incheon Panama City
🚶 Cost of living one person
$1067
$1384
👨‍👩‍👧‍👦 Cost of living Family
$3302
$3435
🏠 One person rent
$413
$751
🏘️ Family rent
$1202
$1474
🍽️ Food expenses
$467
$444
🚐 Transport expenses
$99.1
$84.4
💳 Monthly salary after tax
$2744
$914
😷 Air quality
Moderate
Good
✈️ Airport proximity
16 km
7 km
🎓 Higher education
91
42
😀 Quality of life
95
66
🏙️ Population
2.94M
881K

The cost of living in Incheon is 23% less expensive than in Panama City. Cities ranked 5138th and 4139th ($1067 vs $1384) in the list of the most expensive cities in the world and ranked 27th 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 2.6 months in Incheon compared to 0.7 months in Panama City. Incheon ranked 1st best city to live in South Korea vs Panama City ranked 1st in Panama, while ranked 29th and 3919th among best cities to live in the world.

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Cost of living in Incheon vs Panama City infographic

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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
$6.88
$12.3
🥂 Dinner in a Restaurant, for 2
$37.8
$55.2
🥪 Fast food meal, equiv. McDonald's
$6.06
$7.6
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$3.03
$2.94
 Cappuccino
$3.53
$4.25
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$1.43
$1.9
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$355
$827
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$256
$577
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$1331
$1757
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$920
$1198
🔌 Utility Bill one person, electricity, heating, water, etc.
$114
$76.7
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$177
$118
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$23.1
$47.4
🏦 Mortgage Interest Rate for 20 Years
3.77%
6.12%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$8666
$2406
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$6871
$1535
Transportation
🚌 Local transport ticket
$1.05
$0.35
🎟️ Monthly ticket local transport
$25.1
$26.2
🚕 Taxi Ride, 8 km or 5 mi
$8.29
$13.9
 Gas / Petrol, 1 L or 0.26 gal
$1.24
$1.02
Groceries
🥛 Milk, 1 L or 1 qt
$2.27
$1.78
🍞 Bread, 0.5 kg or 1.1 lb
$3.02
$2.12
🍚 Rice, 1 kg or 2.2 lb
$2.83
$2.08
🥚 Eggs, x12
$3.36
$2.67
🧀 Cheese, 1 kg or 2.2 lb
$12.9
$13.2
🐔 Chicken Breast, 1 kg or 2.2 lb
$8.28
$7.23
🥩 Round Steak, 1 kg or 2.2 lb
$18.3
$10.4
🍏 Apples, 1 kg or 2.2 lb
$7.79
$3.11
🍌 Banana, 1 kg or 2.2 lb
$3.75
$1.54
🍊 Oranges, 1 kg or 2.2 lb
$5.84
$3.09
🍅 Tomato, 1 kg or 2.2 lb
$6.11
$2.94
🥔 Potato, 1 kg or 2.2 lb
$2.83
$2.19
🧅 Onion, 1 kg or 2.2 lb
$1.71
$2.5
🌊 Water, 1 L or 1 qt
$0.9
$1
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$4.54
$2.51
🍾 Wine (mid-priced), 750 mL bottle
$17.2
$9.03
🍺 Beer, 0.5 L or 16 fl oz
$2.32
$1.14
🚬 Cigarette pack
$3.42
$5.89
💊 Cold medicince, 1 week
$4.31
$10.5
🧴 Hair Shampoo
$6.62
$6.97
🧻 Toilet paper, 4 rolls
$3.23
$3.12
👄 Toothpaste, 1 tube
$2.07
$3.06
Other
🏋️ Gym Membership, 1 month
$34.8
$43.8
🎫 Cinema Ticket, 1 person
$11.4
$6.71
👩‍⚕️ Doctor's visit
$19
$49.1
💇 Haircut, simple
$7.69
$13.7
👖 Brand Jeans
$62.4
$54.3
👟 Brand Sneakers
$74.3
$90.2
👶 Daycare or Preschool, 1 month
$295
$437
🏫 International Primary School, 1 year
$27144
$9531

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
$1068
19 km or 12 mi Gimpo
$966
19 km or 12 mi Gwangmyeong
$1038
22 km or 14 mi Ansan
$990
26 km or 16 mi Anyang
$1025
27 km or 17 mi Goyang
$1008
28 km or 18 mi Gunpo
$1003
30 km or 19 mi Gwacheon
$1005
31 km or 19 mi Hwaseong
$1049
31 km or 19 mi Uiwang
$988
34 km or 21 mi Seoul
$1461
38 km or 23 mi Suwon
$970
42 km or 26 mi Siheung
$1087
43 km or 27 mi Seongnam
$1127
44 km or 27 mi Paju
$1020
46 km or 29 mi Guri
$1085
47 km or 29 mi Uijeongbu
$936
50 km or 31 mi Yangju
$941
51 km or 31 mi Hanam
$1074
51 km or 32 mi Osan
$1025
53 km or 33 mi Namyangju
$1084
54 km or 34 mi Gwangju
$1057
55 km or 34 mi Yongin
$1142
57 km or 35 mi Kaesong
$1567
62 km or 38 mi Dongducheon
$968
63 km or 39 mi Dangjin
$1025
65 km or 40 mi Pyeongtaek
$1053
68 km or 42 mi Pocheon
$989
73 km or 45 mi Icheon
$1077
75 km or 47 mi Anseong
$1041
78 km or 48 mi Seosan
$1027
86 km or 53 mi Cheonan
$1222
89 km or 56 mi Yeoju
$1036
104 km or 64 mi Haeju
$1562
106 km or 66 mi Chuncheon
$839
113 km or 70 mi Wonju
$1140
118 km or 74 mi Cheongju
$997
120 km or 74 mi Gongju
$1098
122 km or 76 mi Sejong
$1043
126 km or 78 mi Boryeong
$1134

Cities near Panama City

Distance City Cost of living
8.1 km or 5 mi Balboa
$1249
16 km or 9.9 mi Tocumen
$1231
26 km or 16 mi Pacora
$1249
34 km or 21 mi La Chorrera
$953
59 km or 37 mi Colon
$1182
108 km or 67 mi Penonome
$1098
154 km or 96 mi Chitre
$1091
190 km or 118 mi Santiago de Veraguas
$1056
321 km or 199 mi Turbo
$634
329 km or 204 mi David
$833
398 km or 247 mi Monteria
$620
403 km or 250 mi Limon
$1201
406 km or 252 mi Santa Cruz de Lorica
$638
452 km or 281 mi Sincelejo
$506
463 km or 288 mi Cartagena
$748
483 km or 300 mi Quibdo
$661
494 km or 307 mi Cartago
$961
513 km or 319 mi San Jose
$1239
518 km or 322 mi Heredia
$1246
521 km or 324 mi Magangue
$582
526 km or 327 mi Bello
$789
529 km or 329 mi Alajuela
$1233
530 km or 329 mi Medellin
$873
534 km or 332 mi Envigado
$871
558 km or 347 mi Soledad
$840
559 km or 348 mi Barranquilla
$789
595 km or 370 mi Puntarenas
$1277
617 km or 383 mi Cartago
$619
617 km or 383 mi Cienaga
$831
623 km or 387 mi Manizales
$653
627 km or 390 mi Santa Teresa
$1310
627 km or 390 mi Pereira
$641
631 km or 392 mi Santa Marta
$979
632 km or 393 mi Buenaventura
$718
636 km or 395 mi Minca
$863
651 km or 404 mi Salento
$562
652 km or 405 mi Armenia
$541
657 km or 408 mi Tulua
$477
658 km or 409 mi Barrancabermeja
$573
675 km or 419 mi Liberia
$898