Lagos vs Panama City - Cost of Living Comparison

Updated:

Livingcost

Lagos Panama City
🚶 Cost of living one person
$946
$1590
👨‍👩‍👧‍👦 Cost of living Family
$2140
$3556
🏠 One person rent
$490
$946
🏘️ Family rent
$834
$1545
🍽️ Food expenses
$251
$439
🚐 Transport expenses
$159
$100
💳 Monthly salary after tax
$59
$973
😷 Air quality
Moderate
Excellent
✈️ Airport proximity
17 km
7 km
🎓 Higher education
48
42
😀 Quality of life
43
71
🏙️ Population
15.1M
1.54M

The cost of living in Lagos is 40% less expensive than in Panama City. Cities ranked 5960th and 3634th ($946 vs $1590) in the list of the most expensive cities in the world and ranked 4th 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 7444th and 3213th 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
$3.44
$9.69
🥂 Dinner in a Restaurant, for 2
$50
$45.4
🥪 Fast food meal, equiv. McDonald's
$6.53
$8.03
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$1.01
$2.93
☕ Cappuccino
$2.82
$4.3
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$0.46
$1.82
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$648
$1068
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$374
$747
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$1145
$1913
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$657
$1223
🔌 Utility Bill one person, electricity, heating, water, etc.
$34.6
$90.4
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$51.7
$140
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$27
$44.6
🏦 Mortgage Interest Rate for 20 Years
18.16%
6.27%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$2563
$3111
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$1609
$1732
Transportation
🚌 Local transport ticket
$0.62
$0.35
🎟️ Monthly ticket local transport
$30.6
$22.5
🚕 Taxi Ride, 8 km or 5 mi
$16.2
$14.7
⛽ Gas / Petrol, 1 L or 0.26 gal
$0.74
$0.98
Groceries
🥛 Milk, 1 L or 1 qt
$3.1
$1.83
🍞 Bread, 0.5 kg or 1.1 lb
$1.41
$2.17
🍚 Rice, 1 kg or 2.2 lb
$1.55
$2.34
🥚 Eggs, x12
$1.95
$3.11
🧀 Cheese, 1 kg or 2.2 lb
$5.3
$12.1
🐔 Chicken Breast, 1 kg or 2.2 lb
$3.81
$7.11
🥩 Round Steak, 1 kg or 2.2 lb
$3.93
$10.6
🍏 Apples, 1 kg or 2.2 lb
$2.23
$3.56
🍌 Banana, 1 kg or 2.2 lb
$1.74
$1.54
🍊 Oranges, 1 kg or 2.2 lb
$1.77
$3.7
🍅 Tomato, 1 kg or 2.2 lb
$1.68
$3.36
🥔 Potato, 1 kg or 2.2 lb
$1.71
$2.62
🧅 Onion, 1 kg or 2.2 lb
$1.62
$3.19
🌊 Water, 1 L or 1 qt
$0.25
$1.24
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$0.82
$2.37
🍾 Wine (mid-priced), 750 mL bottle
$2.6
$12.1
🍺 Beer, 0.5 L or 16 fl oz
$0.57
$1.35
🚬 Cigarette pack
$1.47
$5.95
💊 Cold medicince, 1 week
$1.85
$8.08
🧴 Hair Shampoo
$1.46
$7.95
🧻 Toilet paper, 4 rolls
$0.85
$2.92
👄 Toothpaste, 1 tube
$1.24
$3.05
Other
🏋️ Gym Membership, 1 month
$26.5
$41.9
🎫 Cinema Ticket, 1 person
$4.97
$7.52
👩‍⚕️ Doctor's visit
$14
$42.9
💇 Haircut, simple
$1.9
$14.5
👖 Brand Jeans
$15.5
$58.4
👟 Brand Sneakers
$54.8
$90.7
👶 Daycare or Preschool, 1 month
$104
$505
🏫 International Primary School, 1 year
$2984
$11486

Cost of living in other countries

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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
$995
87 km or 54 mi Porto-Novo
$768
109 km or 68 mi Cotonou
$830
120 km or 74 mi Ibadan
$658
165 km or 102 mi Oyo
$639
171 km or 106 mi Ife
$670
176 km or 109 mi Abomey
$596
195 km or 121 mi Osogbo
$575
203 km or 126 mi Save
$654
217 km or 135 mi Akure
$488
239 km or 148 mi Ado Ekiti
$597
243 km or 151 mi Lome
$759
245 km or 152 mi Benin
$627
254 km or 158 mi Owo
$531
261 km or 162 mi Ilorin
$518
278 km or 173 mi Atakpame
$657
280 km or 174 mi Warri
$786
310 km or 193 mi Kpalime
$665
324 km or 201 mi Ho
$500
332 km or 206 mi Hohoe
$727
355 km or 221 mi Sotouboua
$656
375 km or 233 mi Onitsha
$795
376 km or 234 mi Sokode
$656
388 km or 241 mi Tema
$583
389 km or 242 mi Ashaiman
$697
406 km or 252 mi Awka
$693
407 km or 253 mi Koforidua
$762
408 km or 253 mi Accra
$927
416 km or 258 mi Owerri
$1364
422 km or 262 mi Kara
$661
441 km or 274 mi Port Harcourt
$559
452 km or 281 mi Enugu
$564
463 km or 288 mi Umuahia
$773
463 km or 288 mi Aba
$591
495 km or 307 mi Minna
$692
536 km or 333 mi Abuja
$1375
555 km or 345 mi Kumasi
$606
562 km or 350 mi Obuasi
$714
570 km or 354 mi Calabar
$373
572 km or 356 mi Tamale
$666

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