Lagos vs Panama City - Cost of Living Comparison

Updated:

Livingcost

Lagos Panama City
🚶 Cost of living one person
$1133
$1384
👨‍👩‍👧‍👦 Cost of living Family
$2969
$3435
🏠 One person rent
$607
$751
🏘️ Family rent
$1499
$1474
🍽️ Food expenses
$285
$444
🚐 Transport expenses
$184
$84.4
💳 Monthly salary after tax
$180
$914
😷 Air quality
Moderate
Good
✈️ Airport proximity
17 km
7 km
🎓 Higher education
46
42
😀 Quality of life
41
66
🏙️ Population
15.1M
881K

The cost of living in Lagos is 18% less expensive than in Panama City. Cities ranked 4791st and 4139th ($1133 vs $1384) 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 6804th and 3919th 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
$2.98
$12.3
🥂 Dinner in a Restaurant, for 2
$45.7
$55.2
🥪 Fast food meal, equiv. McDonald's
$6.78
$7.6
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$0.96
$2.94
☕ Cappuccino
$2.55
$4.25
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$0.38
$1.9
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$810
$827
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$476
$577
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$2211
$1757
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$1225
$1198
🔌 Utility Bill one person, electricity, heating, water, etc.
$24.3
$76.7
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$37.4
$118
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$39.8
$47.4
🏦 Mortgage Interest Rate for 20 Years
16.26%
6.12%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$1328
$2406
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$253
$1535
Transportation
🚌 Local transport ticket
$0.68
$0.35
🎟️ Monthly ticket local transport
$36.5
$26.2
🚕 Taxi Ride, 8 km or 5 mi
$18.9
$13.9
⛽ Gas / Petrol, 1 L or 0.26 gal
$0.71
$1.02
Groceries
🥛 Milk, 1 L or 1 qt
$2.95
$1.78
🍞 Bread, 0.5 kg or 1.1 lb
$1.46
$2.12
🍚 Rice, 1 kg or 2.2 lb
$2.14
$2.08
🥚 Eggs, x12
$2.07
$2.67
🧀 Cheese, 1 kg or 2.2 lb
$5.65
$13.2
🐔 Chicken Breast, 1 kg or 2.2 lb
$4.98
$7.23
🥩 Round Steak, 1 kg or 2.2 lb
$6.29
$10.4
🍏 Apples, 1 kg or 2.2 lb
$3.7
$3.11
🍌 Banana, 1 kg or 2.2 lb
$2.59
$1.54
🍊 Oranges, 1 kg or 2.2 lb
$2.38
$3.09
🍅 Tomato, 1 kg or 2.2 lb
$2.93
$2.94
🥔 Potato, 1 kg or 2.2 lb
$2.46
$2.19
🧅 Onion, 1 kg or 2.2 lb
$1.89
$2.5
🌊 Water, 1 L or 1 qt
$0.3
$1
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$0.5
$2.51
🍾 Wine (mid-priced), 750 mL bottle
$6.01
$9.03
🍺 Beer, 0.5 L or 16 fl oz
$0.99
$1.14
🚬 Cigarette pack
$1.28
$5.89
💊 Cold medicince, 1 week
$1.31
$10.5
🧴 Hair Shampoo
$1.03
$6.97
🧻 Toilet paper, 4 rolls
$0.42
$3.12
👄 Toothpaste, 1 tube
$0.45
$3.06
Other
🏋️ Gym Membership, 1 month
$40.4
$43.8
🎫 Cinema Ticket, 1 person
$6.4
$6.71
👩‍⚕️ Doctor's visit
$9.95
$49.1
💇 Haircut, simple
$2.06
$13.7
👖 Brand Jeans
$21.6
$54.3
👟 Brand Sneakers
$77.5
$90.2
👶 Daycare or Preschool, 1 month
$82
$437
🏫 International Primary School, 1 year
$2307
$9531

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Cities near Lagos

Distance City Cost of living
78 km or 48 mi Abeokuta
$1019
87 km or 54 mi Porto-Novo
$710
109 km or 68 mi Cotonou
$755
120 km or 74 mi Ibadan
$759
165 km or 102 mi Oyo
$699
171 km or 106 mi Ife
$774
176 km or 109 mi Abomey
$617
195 km or 121 mi Osogbo
$704
203 km or 126 mi Save
$644
217 km or 135 mi Akure
$635
239 km or 148 mi Ado Ekiti
$681
243 km or 151 mi Lome
$711
245 km or 152 mi Benin
$537
254 km or 158 mi Owo
$658
261 km or 162 mi Ilorin
$526
278 km or 173 mi Atakpame
$655
280 km or 174 mi Warri
$886
310 km or 193 mi Kpalime
$656
324 km or 201 mi Ho
$345
332 km or 206 mi Hohoe
$570
355 km or 221 mi Sotouboua
$652
375 km or 233 mi Onitsha
$1036
376 km or 234 mi Sokode
$652
388 km or 241 mi Tema
$368
389 km or 242 mi Ashaiman
$546
406 km or 252 mi Awka
$846
407 km or 253 mi Koforidua
$585
408 km or 253 mi Accra
$747
416 km or 258 mi Owerri
$1686
422 km or 262 mi Kara
$656
441 km or 274 mi Port Harcourt
$651
452 km or 281 mi Enugu
$469
463 km or 288 mi Umuahia
$906
463 km or 288 mi Aba
$638
495 km or 307 mi Minna
$787
536 km or 333 mi Abuja
$1262
555 km or 345 mi Kumasi
$412
562 km or 350 mi Obuasi
$546
570 km or 354 mi Calabar
$374
572 km or 356 mi Tamale
$492

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