Madrid vs Panama City - Cost of Living Comparison

Updated:

Livingcost

Madrid Panama City
🚶 Cost of living one person
$2089
$1583
👨‍👩‍👧‍👦 Cost of living Family
$4820
$3567
🏠 One person rent
$1219
$976
🏘️ Family rent
$2088
$1633
🍽️ Food expenses
$518
$432
🚐 Transport expenses
$197
$69.1
💳 Monthly salary after tax
$2681
$936
😷 Air quality
Excellent
Excellent
✈️ Airport proximity
10 km
7 km
🎓 Higher education
98
42
😀 Quality of life
90
69
🏙️ Population
3.51M
410K

The cost of living in Madrid is 32% more expensive than in Panama City. Cities ranked 1805th and 3744th ($2089 vs $1583) in the list of the most expensive cities in the world and ranked 5th and 1st in Spain and Panama, respectively. Check Spain vs Panama comparison.

The average after-tax salary is enough to cover living expenses for 1.3 months in Madrid compared to 0.6 months in Panama City. Madrid ranked 1st best city to live in Spain vs Panama City ranked 1st in Panama, while ranked 190th and 4400th among best cities to live in the world.

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the estimated difference in money purchasing power

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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
$16.8
$10.6
🥂 Dinner in a Restaurant, for 2
$64.4
$45.3
🥪 Fast food meal, equiv. McDonald's
$12.2
$7.39
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$4.79
$2.97
☕ Cappuccino
$3.61
$3.94
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$3.17
$1.71
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$1380
$1062
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$1000
$794
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$2540
$1911
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$1720
$1347
🔌 Utility Bill one person, electricity, heating, water, etc.
$111
$82.5
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$171
$128
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$32.8
$45.4
🏦 Mortgage Interest Rate for 20 Years
3.15%
6.26%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$8795
$3048
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$4558
$1725
Transportation
🚌 Local transport ticket
$1.77
$0.35
🎟️ Monthly ticket local transport
$43.6
$22.2
🚕 Taxi Ride, 8 km or 5 mi
$18.7
$17.4
⛽ Gas / Petrol, 1 L or 0.26 gal
$1.85
$0.93
Groceries
🥛 Milk, 1 L or 1 qt
$1.28
$1.84
🍞 Bread, 0.5 kg or 1.1 lb
$1.41
$2.23
🍚 Rice, 1 kg or 2.2 lb
$1.64
$2.33
🥚 Eggs, x12
$4.14
$3.26
🧀 Cheese, 1 kg or 2.2 lb
$18.4
$11.2
🐔 Chicken Breast, 1 kg or 2.2 lb
$9.28
$6.57
🥩 Round Steak, 1 kg or 2.2 lb
$19.2
$9.64
🍏 Apples, 1 kg or 2.2 lb
$2.98
$3.53
🍌 Banana, 1 kg or 2.2 lb
$2.39
$1.62
🍊 Oranges, 1 kg or 2.2 lb
$2.69
$3.29
🍅 Tomato, 1 kg or 2.2 lb
$2.9
$3.03
🥔 Potato, 1 kg or 2.2 lb
$2.3
$2.46
🧅 Onion, 1 kg or 2.2 lb
$2.24
$3.74
🌊 Water, 1 L or 1 qt
$0.6
$1.16
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.67
$2.41
🍾 Wine (mid-priced), 750 mL bottle
$10.2
$11.6
🍺 Beer, 0.5 L or 16 fl oz
$1.4
$1.44
🚬 Cigarette pack
$7.09
$6.04
💊 Cold medicince, 1 week
$11.5
$8.16
🧴 Hair Shampoo
$4.06
$8.03
🧻 Toilet paper, 4 rolls
$2.63
$2.96
👄 Toothpaste, 1 tube
$2.83
$3.04
Other
🏋️ Gym Membership, 1 month
$52.8
$42.8
🎫 Cinema Ticket, 1 person
$12.3
$7.3
👩‍⚕️ Doctor's visit
$71
$50.2
💇 Haircut, simple
$20.2
$14.5
👖 Brand Jeans
$103
$53.6
👟 Brand Sneakers
$108
$91.3
👶 Daycare or Preschool, 1 month
$702
$503
🏫 International Primary School, 1 year
$14237
$13402

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
$1936
11 km or 6.7 mi Coslada
$1751
14 km or 8.5 mi Alcobendas
$1731
18 km or 11 mi Mostoles
$1747
18 km or 11 mi Fuenlabrada
$1648
18 km or 11 mi Torrejon de Ardoz
$1671
21 km or 13 mi Tres Cantos
$1688
29 km or 18 mi Alcala de Henares
$1697
50 km or 31 mi Guadalajara
$1226
68 km or 42 mi Toledo
$1350
69 km or 43 mi Segovia
$1366
138 km or 86 mi Cuenca
$1251
155 km or 97 mi Laguna de Duero
$1384
158 km or 98 mi Villarrobledo
$1433
162 km or 101 mi Valladolid
$1408
177 km or 110 mi Salamanca
$1215
196 km or 122 mi Puertollano
$918
208 km or 129 mi Plasencia
$1260
211 km or 131 mi Zamora
$1387
215 km or 133 mi Burgos
$1343
223 km or 139 mi Albacete
$1451
242 km or 150 mi Villanueva de la Serena
$1349
244 km or 151 mi Requena
$1461
250 km or 156 mi Logrono
$1146
251 km or 156 mi Caceres
$1253
253 km or 157 mi Tudela
$1462
258 km or 160 mi Linares
$1356
269 km or 167 mi Ubeda
$1435
272 km or 169 mi Zaragoza
$1471
281 km or 175 mi Merida
$1300
283 km or 176 mi Vitoria-Gasteiz
$1734
288 km or 179 mi Leon
$1365
295 km or 183 mi Jaen
$1123
296 km or 184 mi Jumilla
$1388
297 km or 184 mi Cordoba
$1331
298 km or 185 mi Yecla
$1299
299 km or 186 mi Braganca
$957
301 km or 187 mi Martos
$1385
302 km or 187 mi Caravaca de la Cruz
$1366
302 km or 188 mi Valencia
$1797

Cities near Panama City

Distance City Cost of living
8.1 km or 5 mi Balboa
$1425
16 km or 9.9 mi Tocumen
$1403
26 km or 16 mi Pacora
$1395
34 km or 21 mi La Chorrera
$977
59 km or 37 mi Colon
$1179
108 km or 67 mi Penonome
$1153
154 km or 96 mi Chitre
$1154
190 km or 118 mi Santiago de Veraguas
$1122
321 km or 199 mi Turbo
$764
329 km or 204 mi David
$922
398 km or 247 mi Monteria
$703
403 km or 250 mi Limon
$1332
406 km or 252 mi Santa Cruz de Lorica
$764
452 km or 281 mi Sincelejo
$572
463 km or 288 mi Cartagena
$1155
483 km or 300 mi Quibdo
$757
494 km or 307 mi Cartago
$1290
513 km or 319 mi San Jose
$1454
518 km or 322 mi Heredia
$1378
521 km or 324 mi Magangue
$707
526 km or 327 mi Bello
$915
529 km or 329 mi Alajuela
$1323
530 km or 329 mi Medellin
$1071
534 km or 332 mi Envigado
$992
558 km or 347 mi Soledad
$950
559 km or 348 mi Barranquilla
$909
595 km or 370 mi Puntarenas
$825
617 km or 383 mi Cartago
$738
617 km or 383 mi Cienaga
$874
623 km or 387 mi Manizales
$717
627 km or 390 mi Santa Teresa
$1273
627 km or 390 mi Pereira
$789
631 km or 392 mi Santa Marta
$971
632 km or 393 mi Buenaventura
$825
636 km or 395 mi Minca
$887
651 km or 404 mi Salento
$709
652 km or 405 mi Armenia
$719
657 km or 408 mi Tulua
$537
658 km or 409 mi Barrancabermeja
$1040
675 km or 419 mi Liberia
$957