Lagos vs Panama City - Cost of Living Comparison

Updated:

Livingcost

Lagos Panama City
🚶 Cost of living one person
$1022
$1583
👨‍👩‍👧‍👦 Cost of living Family
$2296
$3567
🏠 One person rent
$536
$976
🏘️ Family rent
$917
$1633
🍽️ Food expenses
$254
$432
🚐 Transport expenses
$182
$69.1
💳 Monthly salary after tax
$75
$936
😷 Air quality
Moderate
Excellent
✈️ Airport proximity
17 km
7 km
🎓 Higher education
48
42
😀 Quality of life
42
69
🏙️ Population
15.1M
410K

The cost of living in Lagos is 35% less expensive than in Panama City. Cities ranked 5500th and 3744th ($1022 vs $1583) 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 0.1 months in Lagos compared to 0.6 months in Panama City. Lagos ranked 1st best city to live in Nigeria vs Panama City ranked 1st in Panama, while ranked 7677th and 4400th among best cities to live in the world.

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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
$3.02
$10.6
🥂 Dinner in a Restaurant, for 2
$50.1
$45.3
🥪 Fast food meal, equiv. McDonald's
$5.71
$7.39
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$1
$2.97
☕ Cappuccino
$2.46
$3.94
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$0.5
$1.71
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$677
$1062
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$423
$794
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$1214
$1911
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$747
$1347
🔌 Utility Bill one person, electricity, heating, water, etc.
$29.8
$82.5
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$44.9
$128
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$31.6
$45.4
🏦 Mortgage Interest Rate for 20 Years
17.98%
6.26%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$2211
$3048
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$1788
$1725
Transportation
🚌 Local transport ticket
$0.72
$0.35
🎟️ Monthly ticket local transport
$36.1
$22.2
🚕 Taxi Ride, 8 km or 5 mi
$18.9
$17.4
⛽ Gas / Petrol, 1 L or 0.26 gal
$0.64
$0.93
Groceries
🥛 Milk, 1 L or 1 qt
$2.73
$1.84
🍞 Bread, 0.5 kg or 1.1 lb
$1.22
$2.23
🍚 Rice, 1 kg or 2.2 lb
$1.82
$2.33
🥚 Eggs, x12
$1.7
$3.26
🧀 Cheese, 1 kg or 2.2 lb
$6.21
$11.2
🐔 Chicken Breast, 1 kg or 2.2 lb
$4.08
$6.57
🥩 Round Steak, 1 kg or 2.2 lb
$4.32
$9.64
🍏 Apples, 1 kg or 2.2 lb
$2.62
$3.53
🍌 Banana, 1 kg or 2.2 lb
$2.04
$1.62
🍊 Oranges, 1 kg or 2.2 lb
$2.1
$3.29
🍅 Tomato, 1 kg or 2.2 lb
$1.99
$3.03
🥔 Potato, 1 kg or 2.2 lb
$2
$2.46
🧅 Onion, 1 kg or 2.2 lb
$1.9
$3.74
🌊 Water, 1 L or 1 qt
$0.26
$1.16
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$0.72
$2.41
🍾 Wine (mid-priced), 750 mL bottle
$3.09
$11.6
🍺 Beer, 0.5 L or 16 fl oz
$0.66
$1.44
🚬 Cigarette pack
$1.27
$6.04
💊 Cold medicince, 1 week
$1.61
$8.16
🧴 Hair Shampoo
$1.26
$8.03
🧻 Toilet paper, 4 rolls
$0.74
$2.96
👄 Toothpaste, 1 tube
$1.15
$3.04
Other
🏋️ Gym Membership, 1 month
$31.2
$42.8
🎫 Cinema Ticket, 1 person
$5.79
$7.3
👩‍⚕️ Doctor's visit
$12.1
$50.2
💇 Haircut, simple
$1.64
$14.5
👖 Brand Jeans
$18
$53.6
👟 Brand Sneakers
$64.8
$91.3
👶 Daycare or Preschool, 1 month
$90.8
$503
🏫 International Primary School, 1 year
$2622
$13402

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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
$1017
87 km or 54 mi Porto-Novo
$741
109 km or 68 mi Cotonou
$796
120 km or 74 mi Ibadan
$759
165 km or 102 mi Oyo
$665
171 km or 106 mi Ife
$775
176 km or 109 mi Abomey
$612
195 km or 121 mi Osogbo
$659
203 km or 126 mi Save
$650
217 km or 135 mi Akure
$578
239 km or 148 mi Ado Ekiti
$631
243 km or 151 mi Lome
$802
245 km or 152 mi Benin
$655
254 km or 158 mi Owo
$594
261 km or 162 mi Ilorin
$538
278 km or 173 mi Atakpame
$673
280 km or 174 mi Warri
$878
310 km or 193 mi Kpalime
$678
324 km or 201 mi Ho
$454
332 km or 206 mi Hohoe
$683
355 km or 221 mi Sotouboua
$673
375 km or 233 mi Onitsha
$922
376 km or 234 mi Sokode
$675
388 km or 241 mi Tema
$607
389 km or 242 mi Ashaiman
$654
406 km or 252 mi Awka
$785
407 km or 253 mi Koforidua
$703
408 km or 253 mi Accra
$861
416 km or 258 mi Owerri
$1555
422 km or 262 mi Kara
$682
441 km or 274 mi Port Harcourt
$618
452 km or 281 mi Enugu
$587
463 km or 288 mi Umuahia
$849
463 km or 288 mi Aba
$601
495 km or 307 mi Minna
$785
536 km or 333 mi Abuja
$1551
555 km or 345 mi Kumasi
$562
562 km or 350 mi Obuasi
$664
570 km or 354 mi Calabar
$386
572 km or 356 mi Tamale
$612

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