Lima vs Panama City - Cost of Living Comparison

Updated:

Livingcost

Lima Panama City
🚶 Cost of living one person
$932
$1316
👨‍👩‍👧‍👦 Cost of living Family
$2292
$3171
🏠 One person rent
$426
$709
🏘️ Family rent
$762
$1291
🍽️ Food expenses
$259
$426
🚐 Transport expenses
$169
$78
💳 Monthly salary after tax
$410
$901
😷 Air quality
Moderate
Moderate
✈️ Airport proximity
9 km
7 km
🎓 Higher education
77
42
😀 Quality of life
64
67
🏙️ Population
9.94M
881K

The cost of living in Lima is 29% less expensive than in Panama City. Cities ranked 5780th and 4138th ($932 vs $1316) 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 0.4 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 4655th and 3926th among best cities to live in the world.

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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
$4.3
$11.5
🥂 Dinner in a Restaurant, for 2
$26.4
$51.8
🥪 Fast food meal, equiv. McDonald's
$5.43
$7.97
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$2.3
$2.6
☕ Cappuccino
$3.22
$4.35
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$0.82
$1.75
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$492
$836
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$327
$520
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$916
$1703
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$614
$980
🔌 Utility Bill one person, electricity, heating, water, etc.
$39.7
$78.2
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$61.1
$119
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$26.4
$47.6
🏦 Mortgage Interest Rate for 20 Years
9.08%
5.97%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$1582
$2399
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$1234
$1457
Transportation
🚌 Local transport ticket
$0.53
$0.35
🎟️ Monthly ticket local transport
$30
$25.9
🚕 Taxi Ride, 8 km or 5 mi
$15.7
$12
⛽ Gas / Petrol, 1 L or 0.26 gal
$1.42
$1.06
Groceries
🥛 Milk, 1 L or 1 qt
$1.31
$1.76
🍞 Bread, 0.5 kg or 1.1 lb
$1.72
$2.11
🍚 Rice, 1 kg or 2.2 lb
$1
$1.71
🥚 Eggs, x12
$2.58
$2.63
🧀 Cheese, 1 kg or 2.2 lb
$7.7
$11.9
🐔 Chicken Breast, 1 kg or 2.2 lb
$5.03
$7.45
🥩 Round Steak, 1 kg or 2.2 lb
$9.56
$8.87
🍏 Apples, 1 kg or 2.2 lb
$1.61
$2.91
🍌 Banana, 1 kg or 2.2 lb
$1.19
$1.37
🍊 Oranges, 1 kg or 2.2 lb
$0.99
$2.8
🍅 Tomato, 1 kg or 2.2 lb
$1.15
$2.81
🥔 Potato, 1 kg or 2.2 lb
$1.03
$2.1
🧅 Onion, 1 kg or 2.2 lb
$1.06
$2.02
🌊 Water, 1 L or 1 qt
$0.5
$0.98
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.27
$2.59
🍾 Wine (mid-priced), 750 mL bottle
$9.54
$9.98
🍺 Beer, 0.5 L or 16 fl oz
$1.56
$1.14
🚬 Cigarette pack
$5.05
$5.88
💊 Cold medicince, 1 week
$6.02
$9.43
🧴 Hair Shampoo
$4.92
$7.05
🧻 Toilet paper, 4 rolls
$1.66
$3.43
👄 Toothpaste, 1 tube
$1.77
$3.7
Other
🏋️ Gym Membership, 1 month
$30.8
$42
🎫 Cinema Ticket, 1 person
$6.89
$6.85
👩‍⚕️ Doctor's visit
$28.1
$48.6
💇 Haircut, simple
$8.73
$13.5
👖 Brand Jeans
$41.6
$54.3
👟 Brand Sneakers
$77.2
$86.9
👶 Daycare or Preschool, 1 month
$216
$408
🏫 International Primary School, 1 year
$7186
$9581

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Cities near Lima

Distance City Cost of living
11 km or 6.8 mi Callao
$778
64 km or 40 mi Huaral
$694
122 km or 76 mi Huacho
$658
198 km or 123 mi Huancayo
$534
205 km or 128 mi Pisco
$593
251 km or 156 mi Huanuco
$538
265 km or 165 mi Ica
$626
285 km or 177 mi Huaraz
$522
329 km or 204 mi Ayacucho
$491
372 km or 231 mi Chimbote
$491
483 km or 300 mi Abancay
$583
489 km or 304 mi Trujillo
$611
490 km or 304 mi Pucallpa
$519
567 km or 352 mi Cajamarca
$476
572 km or 355 mi Cusco
$674
623 km or 387 mi Tarapoto
$525
655 km or 407 mi Chachapoyas
$499
663 km or 412 mi Chiclayo
$506
685 km or 426 mi Cruzeiro do Sul
$634
732 km or 455 mi Jaen
$504
765 km or 475 mi Arequipa
$562
838 km or 521 mi Juliaca
$511
855 km or 531 mi Puerto Maldonado
$562
858 km or 533 mi Piura
$592
866 km or 538 mi Puno
$475
891 km or 554 mi Sullana
$543
896 km or 557 mi Paita
$551
927 km or 576 mi Loja
$637
952 km or 591 mi Talara
$532
987 km or 614 mi Mancora
$514
988 km or 614 mi Tacna
$390
1014 km or 630 mi Iquitos
$726
1014 km or 630 mi Arica
$702
1015 km or 631 mi Tumbes
$472
1029 km or 639 mi Machala
$603
1032 km or 642 mi Rio Branco
$761
1041 km or 647 mi Cuenca
$790
1073 km or 666 mi El Alto
$662
1077 km or 669 mi La Paz
$705
1138 km or 707 mi Milagro
$731

Cities near Panama City

Distance City Cost of living
8.1 km or 5 mi Balboa
$1189
16 km or 9.9 mi Tocumen
$1171
26 km or 16 mi Pacora
$1182
34 km or 21 mi La Chorrera
$917
59 km or 37 mi Colon
$1157
108 km or 67 mi Penonome
$940
154 km or 96 mi Chitre
$980
190 km or 118 mi Santiago de Veraguas
$961
321 km or 199 mi Turbo
$624
329 km or 204 mi David
$789
398 km or 247 mi Monteria
$633
403 km or 250 mi Limon
$1147
406 km or 252 mi Santa Cruz de Lorica
$573
452 km or 281 mi Sincelejo
$536
463 km or 288 mi Cartagena
$877
483 km or 300 mi Quibdo
$649
494 km or 307 mi Cartago
$1009
513 km or 319 mi San Jose
$1169
518 km or 322 mi Heredia
$1040
521 km or 324 mi Magangue
$582
526 km or 327 mi Bello
$778
529 km or 329 mi Alajuela
$1163
530 km or 329 mi Medellin
$867
534 km or 332 mi Envigado
$812
558 km or 347 mi Soledad
$851
559 km or 348 mi Barranquilla
$780
595 km or 370 mi Puntarenas
$1024
617 km or 383 mi Cartago
$639
617 km or 383 mi Cienaga
$661
623 km or 387 mi Manizales
$727
627 km or 390 mi Santa Teresa
$1114
627 km or 390 mi Pereira
$639
631 km or 392 mi Santa Marta
$705
632 km or 393 mi Buenaventura
$552
636 km or 395 mi Minca
$655
651 km or 404 mi Salento
$567
652 km or 405 mi Armenia
$551
657 km or 408 mi Tulua
$493
658 km or 409 mi Barrancabermeja
$592
675 km or 419 mi Liberia
$1220