Madrid vs Panama City - Cost of Living Comparison

Updated:

Livingcost

Madrid Panama City
🚶 Cost of living one person
$1726
$1316
👨‍👩‍👧‍👦 Cost of living Family
$3985
$3171
🏠 One person rent
$986
$709
🏘️ Family rent
$1693
$1291
🍽️ Food expenses
$440
$426
🚐 Transport expenses
$168
$78
💳 Monthly salary after tax
$2362
$901
😷 Air quality
Excellent
Moderate
✈️ Airport proximity
10 km
7 km
🎓 Higher education
98
42
😀 Quality of life
90
67
🏙️ Population
3.28M
881K

The cost of living in Madrid is 31% more expensive than in Panama City. Cities ranked 2577th and 4138th ($1726 vs $1316) in the list of the most expensive cities in the world and ranked 7th and 1st in Spain and Panama, respectively. Check Spain vs Panama comparison.

The average after-tax salary is enough to cover living expenses for 1.4 months in Madrid compared to 0.7 months in Panama City. Madrid ranked 1st best city to live in Spain vs Panama City ranked 1st in Panama, while ranked 121st and 3926th among best cities to live in the world.

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Cost of living in Madrid vs Panama City infographic

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Prices in Madrid vs Panama City

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

Madrid Panama City
Eating Out
🍱 Lunch Menu
$14.1
$11.5
🥂 Dinner in a Restaurant, for 2
$58.9
$51.8
🥪 Fast food meal, equiv. McDonald's
$10
$7.97
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$4.01
$2.6
☕ Cappuccino
$2.55
$4.35
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$2.69
$1.75
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$1118
$836
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$805
$520
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$2068
$1703
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$1386
$980
🔌 Utility Bill one person, electricity, heating, water, etc.
$85.8
$78.2
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$138
$119
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$32.9
$47.6
🏦 Mortgage Interest Rate for 20 Years
2.58%
5.97%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$4611
$2399
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$2665
$1457
Transportation
🚌 Local transport ticket
$1.64
$0.35
🎟️ Monthly ticket local transport
$43.5
$25.9
🚕 Taxi Ride, 8 km or 5 mi
$14
$12
⛽ Gas / Petrol, 1 L or 0.26 gal
$1.81
$1.06
Groceries
🥛 Milk, 1 L or 1 qt
$1.15
$1.76
🍞 Bread, 0.5 kg or 1.1 lb
$1.5
$2.11
🍚 Rice, 1 kg or 2.2 lb
$1.44
$1.71
🥚 Eggs, x12
$3.16
$2.63
🧀 Cheese, 1 kg or 2.2 lb
$14.8
$11.9
🐔 Chicken Breast, 1 kg or 2.2 lb
$8.08
$7.45
🥩 Round Steak, 1 kg or 2.2 lb
$14.9
$8.87
🍏 Apples, 1 kg or 2.2 lb
$2.39
$2.91
🍌 Banana, 1 kg or 2.2 lb
$1.93
$1.37
🍊 Oranges, 1 kg or 2.2 lb
$1.79
$2.8
🍅 Tomato, 1 kg or 2.2 lb
$2.45
$2.81
🥔 Potato, 1 kg or 2.2 lb
$1.48
$2.1
🧅 Onion, 1 kg or 2.2 lb
$1.58
$2.02
🌊 Water, 1 L or 1 qt
$0.64
$0.98
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.24
$2.59
🍾 Wine (mid-priced), 750 mL bottle
$6.7
$9.98
🍺 Beer, 0.5 L or 16 fl oz
$1.33
$1.14
🚬 Cigarette pack
$5.86
$5.88
💊 Cold medicince, 1 week
$11.5
$9.43
🧴 Hair Shampoo
$3.45
$7.05
🧻 Toilet paper, 4 rolls
$2.12
$3.43
👄 Toothpaste, 1 tube
$2.44
$3.7
Other
🏋️ Gym Membership, 1 month
$45.2
$42
🎫 Cinema Ticket, 1 person
$10.5
$6.85
👩‍⚕️ Doctor's visit
$72.3
$48.6
💇 Haircut, simple
$19.1
$13.5
👖 Brand Jeans
$73.2
$54.3
👟 Brand Sneakers
$84.6
$86.9
👶 Daycare or Preschool, 1 month
$529
$408
🏫 International Primary School, 1 year
$9474
$9581

Cost of living in other countries

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Cost of Living in the nearest cities

Cities near Madrid

Distance City Cost of living
11 km or 6.6 mi Pozuelo de Alarcon
$1721
11 km or 6.7 mi Coslada
$1368
14 km or 8.5 mi Alcobendas
$1377
18 km or 11 mi Mostoles
$1572
18 km or 11 mi Fuenlabrada
$1492
18 km or 11 mi Torrejon de Ardoz
$1219
21 km or 13 mi Tres Cantos
$1298
29 km or 18 mi Alcala de Henares
$1156
50 km or 31 mi Guadalajara
$1138
68 km or 42 mi Toledo
$1282
69 km or 43 mi Segovia
$1303
138 km or 86 mi Cuenca
$1139
155 km or 97 mi Laguna de Duero
$1187
158 km or 98 mi Villarrobledo
$1203
162 km or 101 mi Valladolid
$1207
177 km or 110 mi Salamanca
$973
196 km or 122 mi Puertollano
$932
208 km or 129 mi Plasencia
$1127
211 km or 131 mi Zamora
$1140
215 km or 133 mi Burgos
$1109
223 km or 139 mi Albacete
$983
242 km or 150 mi Villanueva de la Serena
$1137
244 km or 151 mi Requena
$1241
250 km or 156 mi Logrono
$1142
251 km or 156 mi Caceres
$902
253 km or 157 mi Tudela
$1260
258 km or 160 mi Linares
$1206
269 km or 167 mi Ubeda
$1283
272 km or 169 mi Zaragoza
$1327
281 km or 175 mi Merida
$1096
283 km or 176 mi Vitoria-Gasteiz
$1382
288 km or 179 mi Leon
$987
295 km or 183 mi Jaen
$963
296 km or 184 mi Jumilla
$1191
297 km or 184 mi Cordoba
$1056
298 km or 185 mi Yecla
$1210
299 km or 186 mi Braganca
$807
301 km or 187 mi Martos
$1214
302 km or 187 mi Caravaca de la Cruz
$1176
302 km or 188 mi Valencia
$1437

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