Lima vs Panama City - Cost of Living Comparison

Updated: March 02, 2025

	Lima	Panama City
🚶 Cost of living one person	$977	$1479
👨‍👩‍👧‍👦 Cost of living Family	$2440	$3609
🏠 One person rent	$407	$846
🏘️ Family rent	$726	$1592
🍽️ Food expenses	$278	$440
🚐 Transport expenses	$203	$83
💳 Monthly salary after tax	$498	$967
😷 Air quality	Moderate	Good
✈️ Airport proximity	9 km	7 km
🎓 Higher education	78	42
😀 Quality of life	65	67
🏙️ Population	9.94M	881K

The cost of living in Lima is 34% less expensive than in Panama City. Cities ranked 5647th and 3517th ($977 vs $1479) 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 4234th and 3734th among best cities to live in the world.

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the estimated difference in money purchasing power

Cost of living in Lima vs Panama City infographic

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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	$4.73	$10.4
🥂 Dinner in a Restaurant, for 2	$29	$48.5
🥪 Fast food meal, equiv. McDonald's	$6.33	$8.06
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$2.45	$2.97
☕ Cappuccino	$3.29	$3.99
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$0.88	$1.66
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$525	$891
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$305	$681
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$943	$1749
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$577	$1344
🔌 Utility Bill one person, electricity, heating, water, etc.	$34.3	$78
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$52.6	$121
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$23.8	$45.4
🏦 Mortgage Interest Rate for 20 Years	10%	6.28%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$1476	$2551
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$1418	$1632
Transportation
🚌 Local transport ticket	$0.68	$0.42
🎟️ Monthly ticket local transport	$33.7	$23.2
🚕 Taxi Ride, 8 km or 5 mi	$20.6	$14.3
⛽ Gas / Petrol, 1 L or 0.26 gal	$1.35	$0.96
Groceries
🥛 Milk, 1 L or 1 qt	$1.45	$1.8
🍞 Bread, 0.5 kg or 1.1 lb	$1.9	$2.19
🍚 Rice, 1 kg or 2.2 lb	$1.04	$2.33
🥚 Eggs, x12	$2.94	$2.77
🧀 Cheese, 1 kg or 2.2 lb	$7.74	$12.4
🐔 Chicken Breast, 1 kg or 2.2 lb	$5.28	$7.09
🥩 Round Steak, 1 kg or 2.2 lb	$10.7	$9.99
🍏 Apples, 1 kg or 2.2 lb	$2.02	$3.44
🍌 Banana, 1 kg or 2.2 lb	$1.08	$1.58
🍊 Oranges, 1 kg or 2.2 lb	$1.12	$2.89
🍅 Tomato, 1 kg or 2.2 lb	$1.17	$2.94
🥔 Potato, 1 kg or 2.2 lb	$1.06	$2.23
🧅 Onion, 1 kg or 2.2 lb	$1	$2.8
🌊 Water, 1 L or 1 qt	$0.59	$1.07
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$2.24	$2.31
🍾 Wine (mid-priced), 750 mL bottle	$9.11	$10
🍺 Beer, 0.5 L or 16 fl oz	$1.64	$1.29
🚬 Cigarette pack	$5.28	$5.98
💊 Cold medicince, 1 week	$5.54	$11.7
🧴 Hair Shampoo	$5.11	$7.94
🧻 Toilet paper, 4 rolls	$2.08	$3.37
👄 Toothpaste, 1 tube	$2.1	$3.71
Other
🏋️ Gym Membership, 1 month	$33.1	$45.3
🎫 Cinema Ticket, 1 person	$7.4	$7.22
👩‍⚕️ Doctor's visit	$32.9	$54.5
💇 Haircut, simple	$10.4	$12.9
👖 Brand Jeans	$47.9	$56.8
👟 Brand Sneakers	$88.1	$93.2
👶 Daycare or Preschool, 1 month	$201	$477
🏫 International Primary School, 1 year	$7764	$13616

Cost of living in other countries

Cost of living

Cost of Living in the nearest cities

Cities near Lima

Distance	City	Cost of living
11 km or 6.8 mi	Callao	$790
64 km or 40 mi	Huaral	$727
122 km or 76 mi	Huacho	$685
198 km or 123 mi	Huancayo	$562
205 km or 128 mi	Pisco	$614
251 km or 156 mi	Huanuco	$622
265 km or 165 mi	Ica	$656
285 km or 177 mi	Huaraz	$561
329 km or 204 mi	Ayacucho	$598
372 km or 231 mi	Chimbote	$504
483 km or 300 mi	Abancay	$591
489 km or 304 mi	Trujillo	$714
490 km or 304 mi	Pucallpa	$489
567 km or 352 mi	Cajamarca	$549
572 km or 355 mi	Cusco	$626
623 km or 387 mi	Tarapoto	$562
655 km or 407 mi	Chachapoyas	$549
663 km or 412 mi	Chiclayo	$598
685 km or 426 mi	Cruzeiro do Sul	$580
732 km or 455 mi	Jaen	$548
765 km or 475 mi	Arequipa	$588
838 km or 521 mi	Juliaca	$547
855 km or 531 mi	Puerto Maldonado	$560
858 km or 533 mi	Piura	$565
866 km or 538 mi	Puno	$520
891 km or 554 mi	Sullana	$505
896 km or 557 mi	Paita	$518
927 km or 576 mi	Loja	$600
952 km or 591 mi	Talara	$513
987 km or 614 mi	Mancora	$505
988 km or 614 mi	Tacna	$414
1014 km or 630 mi	Iquitos	$694
1014 km or 630 mi	Arica	$748
1015 km or 631 mi	Tumbes	$463
1029 km or 639 mi	Machala	$569
1032 km or 642 mi	Rio Branco	$735
1041 km or 647 mi	Cuenca	$758
1073 km or 666 mi	El Alto	$673
1077 km or 669 mi	La Paz	$688
1138 km or 707 mi	Milagro	$697

Cities near Panama City

Distance	City	Cost of living
8.1 km or 5 mi	Balboa	$1328
16 km or 9.9 mi	Tocumen	$1310
26 km or 16 mi	Pacora	$1304
34 km or 21 mi	La Chorrera	$957
59 km or 37 mi	Colon	$1172
108 km or 67 mi	Penonome	$1116
154 km or 96 mi	Chitre	$1117
190 km or 118 mi	Santiago de Veraguas	$1089
321 km or 199 mi	Turbo	$664
329 km or 204 mi	David	$890
398 km or 247 mi	Monteria	$645
403 km or 250 mi	Limon	$1225
406 km or 252 mi	Santa Cruz de Lorica	$669
452 km or 281 mi	Sincelejo	$524
463 km or 288 mi	Cartagena	$760
483 km or 300 mi	Quibdo	$705
494 km or 307 mi	Cartago	$1024
513 km or 319 mi	San Jose	$1324
518 km or 322 mi	Heredia	$1296
521 km or 324 mi	Magangue	$604
526 km or 327 mi	Bello	$839
529 km or 329 mi	Alajuela	$1269
530 km or 329 mi	Medellin	$906
534 km or 332 mi	Envigado	$897
558 km or 347 mi	Soledad	$741
559 km or 348 mi	Barranquilla	$773
595 km or 370 mi	Puntarenas	$801
617 km or 383 mi	Cartago	$649
617 km or 383 mi	Cienaga	$742
623 km or 387 mi	Manizales	$653
627 km or 390 mi	Santa Teresa	$1213
627 km or 390 mi	Pereira	$680
631 km or 392 mi	Santa Marta	$837
632 km or 393 mi	Buenaventura	$742
636 km or 395 mi	Minca	$759
651 km or 404 mi	Salento	$605
652 km or 405 mi	Armenia	$598
657 km or 408 mi	Tulua	$513
658 km or 409 mi	Barrancabermeja	$1031
675 km or 419 mi	Liberia	$932