Lima vs Panama City - Cost of Living Comparison

Updated:

Livingcost

Lima Panama City
🚶 Cost of living one person
$986
$1384
👨‍👩‍👧‍👦 Cost of living Family
$2437
$3435
🏠 One person rent
$443
$751
🏘️ Family rent
$776
$1474
🍽️ Food expenses
$269
$444
🚐 Transport expenses
$188
$84.4
💳 Monthly salary after tax
$444
$914
😷 Air quality
Moderate
Good
✈️ Airport proximity
9 km
7 km
🎓 Higher education
77
42
😀 Quality of life
64
66
🏙️ Population
9.94M
881K

The cost of living in Lima is 29% less expensive than in Panama City. Cities ranked 5792nd and 4139th ($986 vs $1384) in the list of the most expensive cities in the world and ranked 1st and 1st in Peru and Panama, respectively. Check Peru vs Panama comparison.

The average after-tax salary is enough to cover living expenses for 0.5 months in Lima compared to 0.7 months in Panama City. Lima ranked 1st best city to live in Peru vs Panama City ranked 1st in Panama, while ranked 4404th and 3919th among best cities to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

Cost of living in Lima vs Panama City infographic

Share this infographic!

Prices in Lima vs Panama City

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

Lima Panama City
Eating Out
🍱 Lunch Menu
$4.48
$12.3
🥂 Dinner in a Restaurant, for 2
$27.8
$55.2
🥪 Fast food meal, equiv. McDonald's
$5.98
$7.6
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$2.55
$2.94
☕ Cappuccino
$3.29
$4.25
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$0.87
$1.9
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$527
$827
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$342
$577
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$948
$1757
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$625
$1198
🔌 Utility Bill one person, electricity, heating, water, etc.
$39.4
$76.7
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$61.1
$118
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$24.7
$47.4
🏦 Mortgage Interest Rate for 20 Years
10.59%
6.12%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$1773
$2406
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$1434
$1535
Transportation
🚌 Local transport ticket
$0.67
$0.35
🎟️ Monthly ticket local transport
$27.9
$26.2
🚕 Taxi Ride, 8 km or 5 mi
$19.3
$13.9
⛽ Gas / Petrol, 1 L or 0.26 gal
$1.39
$1.02
Groceries
🥛 Milk, 1 L or 1 qt
$1.35
$1.78
🍞 Bread, 0.5 kg or 1.1 lb
$1.71
$2.12
🍚 Rice, 1 kg or 2.2 lb
$1.02
$2.08
🥚 Eggs, x12
$2.8
$2.67
🧀 Cheese, 1 kg or 2.2 lb
$8.08
$13.2
🐔 Chicken Breast, 1 kg or 2.2 lb
$4.77
$7.23
🥩 Round Steak, 1 kg or 2.2 lb
$9.85
$10.4
🍏 Apples, 1 kg or 2.2 lb
$1.86
$3.11
🍌 Banana, 1 kg or 2.2 lb
$1.1
$1.54
🍊 Oranges, 1 kg or 2.2 lb
$1
$3.09
🍅 Tomato, 1 kg or 2.2 lb
$1.16
$2.94
🥔 Potato, 1 kg or 2.2 lb
$1.08
$2.19
🧅 Onion, 1 kg or 2.2 lb
$1.07
$2.5
🌊 Water, 1 L or 1 qt
$0.54
$1
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.3
$2.51
🍾 Wine (mid-priced), 750 mL bottle
$10.3
$9.03
🍺 Beer, 0.5 L or 16 fl oz
$1.54
$1.14
🚬 Cigarette pack
$5.02
$5.89
💊 Cold medicince, 1 week
$5.84
$10.5
🧴 Hair Shampoo
$5.57
$6.97
🧻 Toilet paper, 4 rolls
$2.28
$3.12
👄 Toothpaste, 1 tube
$1.6
$3.06
Other
🏋️ Gym Membership, 1 month
$34.2
$43.8
🎫 Cinema Ticket, 1 person
$7.2
$6.71
👩‍⚕️ Doctor's visit
$39.8
$49.1
💇 Haircut, simple
$9.57
$13.7
👖 Brand Jeans
$36.9
$54.3
👟 Brand Sneakers
$83.3
$90.2
👶 Daycare or Preschool, 1 month
$234
$437
🏫 International Primary School, 1 year
$8320
$9531

Cost of living in other countries

Cost of living

More cities to compare

Cost of Living in the nearest cities

Cities near Lima

Distance City Cost of living
11 km or 6.8 mi Callao
$779
64 km or 40 mi Huaral
$726
122 km or 76 mi Huacho
$687
198 km or 123 mi Huancayo
$591
205 km or 128 mi Pisco
$605
251 km or 156 mi Huanuco
$612
265 km or 165 mi Ica
$640
285 km or 177 mi Huaraz
$553
329 km or 204 mi Ayacucho
$588
372 km or 231 mi Chimbote
$496
483 km or 300 mi Abancay
$597
489 km or 304 mi Trujillo
$699
490 km or 304 mi Pucallpa
$548
567 km or 352 mi Cajamarca
$500
572 km or 355 mi Cusco
$643
623 km or 387 mi Tarapoto
$549
655 km or 407 mi Chachapoyas
$523
663 km or 412 mi Chiclayo
$515
685 km or 426 mi Cruzeiro do Sul
$603
732 km or 455 mi Jaen
$517
765 km or 475 mi Arequipa
$560
838 km or 521 mi Juliaca
$522
855 km or 531 mi Puerto Maldonado
$560
858 km or 533 mi Piura
$564
866 km or 538 mi Puno
$490
891 km or 554 mi Sullana
$498
896 km or 557 mi Paita
$509
927 km or 576 mi Loja
$617
952 km or 591 mi Talara
$504
987 km or 614 mi Mancora
$495
988 km or 614 mi Tacna
$406
1014 km or 630 mi Iquitos
$679
1014 km or 630 mi Arica
$781
1015 km or 631 mi Tumbes
$454
1029 km or 639 mi Machala
$594
1032 km or 642 mi Rio Branco
$780
1041 km or 647 mi Cuenca
$770
1073 km or 666 mi El Alto
$641
1077 km or 669 mi La Paz
$673
1138 km or 707 mi Milagro
$722

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