Lagos vs Panama City - Cost of Living Comparison

Updated:

Livingcost

Lagos Panama City
🚶 Cost of living one person
$448
$1316
👨‍👩‍👧‍👦 Cost of living Family
$1226
$3171
🏠 One person rent
$245
$709
🏘️ Family rent
$654
$1291
🍽️ Food expenses
$114
$426
🚐 Transport expenses
$60.4
$78
💳 Monthly salary after tax
$74.4
$901
😷 Air quality
Moderate
Moderate
✈️ Airport proximity
17 km
7 km
🎓 Higher education
46
42
😀 Quality of life
38
67
🏙️ Population
15.1M
881K

The cost of living in Lagos is 66% less expensive than in Panama City. Cities ranked 8781st and 4138th ($448 vs $1316) in the list of the most expensive cities in the world and ranked 3rd and 1st in Nigeria and Panama, respectively. Check Nigeria vs Panama comparison.

The average after-tax salary is enough to cover living expenses for 0.2 months in Lagos compared to 0.7 months in Panama City. Lagos ranked 1st best city to live in Nigeria vs Panama City ranked 1st in Panama, while ranked 7384th and 3926th among best cities to live in the world.

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Cost of living in Lagos vs Panama City infographic

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Prices in Lagos vs Panama City

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

Lagos Panama City
Eating Out
🍱 Lunch Menu
$1.28
$11.5
🥂 Dinner in a Restaurant, for 2
$15.8
$51.8
🥪 Fast food meal, equiv. McDonald's
$2.23
$7.97
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$0.32
$2.6
☕ Cappuccino
$1.05
$4.35
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$0.18
$1.75
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$339
$836
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$193
$520
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$945
$1703
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$548
$980
🔌 Utility Bill one person, electricity, heating, water, etc.
$7.36
$78.2
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$11.3
$119
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$15.2
$47.6
🏦 Mortgage Interest Rate for 20 Years
18.4%
5.97%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$564
$2399
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$159
$1457
Transportation
🚌 Local transport ticket
$0.32
$0.35
🎟️ Monthly ticket local transport
$12.7
$25.9
🚕 Taxi Ride, 8 km or 5 mi
$5.58
$12
⛽ Gas / Petrol, 1 L or 0.26 gal
$0.33
$1.06
Groceries
🥛 Milk, 1 L or 1 qt
$1.14
$1.76
🍞 Bread, 0.5 kg or 1.1 lb
$0.58
$2.11
🍚 Rice, 1 kg or 2.2 lb
$0.83
$1.71
🥚 Eggs, x12
$0.84
$2.63
🧀 Cheese, 1 kg or 2.2 lb
$1.6
$11.9
🐔 Chicken Breast, 1 kg or 2.2 lb
$1.9
$7.45
🥩 Round Steak, 1 kg or 2.2 lb
$2.19
$8.87
🍏 Apples, 1 kg or 2.2 lb
$1.17
$2.91
🍌 Banana, 1 kg or 2.2 lb
$0.85
$1.37
🍊 Oranges, 1 kg or 2.2 lb
$0.79
$2.8
🍅 Tomato, 1 kg or 2.2 lb
$0.95
$2.81
🥔 Potato, 1 kg or 2.2 lb
$1.07
$2.1
🧅 Onion, 1 kg or 2.2 lb
$0.59
$2.02
🌊 Water, 1 L or 1 qt
$0.11
$0.98
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$0.63
$2.59
🍾 Wine (mid-priced), 750 mL bottle
$2.24
$9.98
🍺 Beer, 0.5 L or 16 fl oz
$2.14
$1.14
🚬 Cigarette pack
$0.86
$5.88
💊 Cold medicince, 1 week
$1.31
$9.43
🧴 Hair Shampoo
$1.03
$7.05
🧻 Toilet paper, 4 rolls
$0.4
$3.43
👄 Toothpaste, 1 tube
$0.38
$3.7
Other
🏋️ Gym Membership, 1 month
$12.3
$42
🎫 Cinema Ticket, 1 person
$3.19
$6.85
👩‍⚕️ Doctor's visit
$9.92
$48.6
💇 Haircut, simple
$2.08
$13.5
👖 Brand Jeans
$11.2
$54.3
👟 Brand Sneakers
$31.3
$86.9
👶 Daycare or Preschool, 1 month
$39.6
$408
🏫 International Primary School, 1 year
$718
$9581

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Cost of Living in the nearest cities

Cities near Lagos

Distance City Cost of living
78 km or 48 mi Abeokuta
$826
87 km or 54 mi Porto-Novo
$697
109 km or 68 mi Cotonou
$732
120 km or 74 mi Ibadan
$262
165 km or 102 mi Oyo
$407
171 km or 106 mi Ife
$250
176 km or 109 mi Abomey
$677
195 km or 121 mi Osogbo
$310
203 km or 126 mi Save
$676
217 km or 135 mi Akure
$243
239 km or 148 mi Ado Ekiti
$247
243 km or 151 mi Lome
$678
245 km or 152 mi Benin
$315
254 km or 158 mi Owo
$272
261 km or 162 mi Ilorin
$314
278 km or 173 mi Atakpame
$617
280 km or 174 mi Warri
$351
310 km or 193 mi Kpalime
$616
324 km or 201 mi Ho
$353
332 km or 206 mi Hohoe
$482
355 km or 221 mi Sotouboua
$616
375 km or 233 mi Onitsha
$354
376 km or 234 mi Sokode
$617
388 km or 241 mi Tema
$446
389 km or 242 mi Ashaiman
$512
406 km or 252 mi Awka
$325
407 km or 253 mi Koforidua
$497
408 km or 253 mi Accra
$582
416 km or 258 mi Owerri
$507
422 km or 262 mi Kara
$620
441 km or 274 mi Port Harcourt
$327
452 km or 281 mi Enugu
$290
463 km or 288 mi Umuahia
$330
463 km or 288 mi Aba
$233
495 km or 307 mi Minna
$313
536 km or 333 mi Abuja
$288
555 km or 345 mi Kumasi
$416
562 km or 350 mi Obuasi
$459
570 km or 354 mi Calabar
$237
572 km or 356 mi Tamale
$443

Cities near Panama City

Distance City Cost of living
8.1 km or 5 mi Balboa
$1189
16 km or 9.9 mi Tocumen
$1171
26 km or 16 mi Pacora
$1182
34 km or 21 mi La Chorrera
$917
59 km or 37 mi Colon
$1157
108 km or 67 mi Penonome
$940
154 km or 96 mi Chitre
$980
190 km or 118 mi Santiago de Veraguas
$961
321 km or 199 mi Turbo
$624
329 km or 204 mi David
$789
398 km or 247 mi Monteria
$633
403 km or 250 mi Limon
$1147
406 km or 252 mi Santa Cruz de Lorica
$573
452 km or 281 mi Sincelejo
$536
463 km or 288 mi Cartagena
$877
483 km or 300 mi Quibdo
$649
494 km or 307 mi Cartago
$1009
513 km or 319 mi San Jose
$1169
518 km or 322 mi Heredia
$1040
521 km or 324 mi Magangue
$582
526 km or 327 mi Bello
$778
529 km or 329 mi Alajuela
$1163
530 km or 329 mi Medellin
$867
534 km or 332 mi Envigado
$812
558 km or 347 mi Soledad
$851
559 km or 348 mi Barranquilla
$780
595 km or 370 mi Puntarenas
$1024
617 km or 383 mi Cartago
$639
617 km or 383 mi Cienaga
$661
623 km or 387 mi Manizales
$727
627 km or 390 mi Santa Teresa
$1114
627 km or 390 mi Pereira
$639
631 km or 392 mi Santa Marta
$705
632 km or 393 mi Buenaventura
$552
636 km or 395 mi Minca
$655
651 km or 404 mi Salento
$567
652 km or 405 mi Armenia
$551
657 km or 408 mi Tulua
$493
658 km or 409 mi Barrancabermeja
$592
675 km or 419 mi Liberia
$1220