Madrid vs Panama City - Cost of Living Comparison

Updated:

Livingcost

Madrid Panama City
🚶 Cost of living one person
$1889
$1384
👨‍👩‍👧‍👦 Cost of living Family
$4256
$3435
🏠 One person rent
$1111
$751
🏘️ Family rent
$1849
$1474
🍽️ Food expenses
$457
$444
🚐 Transport expenses
$177
$84.4
💳 Monthly salary after tax
$2391
$914
😷 Air quality
Excellent
Good
✈️ Airport proximity
10 km
7 km
🎓 Higher education
98
42
😀 Quality of life
90
66
🏙️ Population
3.33M
881K

The cost of living in Madrid is 36% more expensive than in Panama City. Cities ranked 2194th and 4139th ($1889 vs $1384) 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 0.7 months in Panama City. Madrid ranked 1st best city to live in Spain vs Panama City ranked 1st in Panama, while ranked 149th and 3919th 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
$15.3
$12.3
🥂 Dinner in a Restaurant, for 2
$58.7
$55.2
🥪 Fast food meal, equiv. McDonald's
$11
$7.6
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$4.18
$2.94
☕ Cappuccino
$2.93
$4.25
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$2.83
$1.9
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$1256
$827
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$911
$577
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$2211
$1757
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$1526
$1198
🔌 Utility Bill one person, electricity, heating, water, etc.
$98
$76.7
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$152
$118
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$33.1
$47.4
🏦 Mortgage Interest Rate for 20 Years
3.68%
6.12%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$6496
$2406
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$4015
$1535
Transportation
🚌 Local transport ticket
$1.65
$0.35
🎟️ Monthly ticket local transport
$45.3
$26.2
🚕 Taxi Ride, 8 km or 5 mi
$15.1
$13.9
⛽ Gas / Petrol, 1 L or 0.26 gal
$1.85
$1.02
Groceries
🥛 Milk, 1 L or 1 qt
$1.19
$1.78
🍞 Bread, 0.5 kg or 1.1 lb
$1.5
$2.12
🍚 Rice, 1 kg or 2.2 lb
$1.51
$2.08
🥚 Eggs, x12
$3.24
$2.67
🧀 Cheese, 1 kg or 2.2 lb
$15.1
$13.2
🐔 Chicken Breast, 1 kg or 2.2 lb
$8.47
$7.23
🥩 Round Steak, 1 kg or 2.2 lb
$15.4
$10.4
🍏 Apples, 1 kg or 2.2 lb
$2.61
$3.11
🍌 Banana, 1 kg or 2.2 lb
$2.01
$1.54
🍊 Oranges, 1 kg or 2.2 lb
$2.2
$3.09
🍅 Tomato, 1 kg or 2.2 lb
$2.45
$2.94
🥔 Potato, 1 kg or 2.2 lb
$1.85
$2.19
🧅 Onion, 1 kg or 2.2 lb
$1.82
$2.5
🌊 Water, 1 L or 1 qt
$0.62
$1
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.22
$2.51
🍾 Wine (mid-priced), 750 mL bottle
$7.49
$9.03
🍺 Beer, 0.5 L or 16 fl oz
$1.3
$1.14
🚬 Cigarette pack
$6.16
$5.89
💊 Cold medicince, 1 week
$9.3
$10.5
🧴 Hair Shampoo
$3.59
$6.97
🧻 Toilet paper, 4 rolls
$2.4
$3.12
👄 Toothpaste, 1 tube
$2.71
$3.06
Other
🏋️ Gym Membership, 1 month
$47.2
$43.8
🎫 Cinema Ticket, 1 person
$11.5
$6.71
👩‍⚕️ Doctor's visit
$67.3
$49.1
💇 Haircut, simple
$21.5
$13.7
👖 Brand Jeans
$89.1
$54.3
👟 Brand Sneakers
$96.9
$90.2
👶 Daycare or Preschool, 1 month
$585
$437
🏫 International Primary School, 1 year
$10462
$9531

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
$1776
11 km or 6.7 mi Coslada
$1567
14 km or 8.5 mi Alcobendas
$1526
18 km or 11 mi Mostoles
$1591
18 km or 11 mi Fuenlabrada
$1592
18 km or 11 mi Torrejon de Ardoz
$1471
21 km or 13 mi Tres Cantos
$1396
29 km or 18 mi Alcala de Henares
$1444
50 km or 31 mi Guadalajara
$1122
68 km or 42 mi Toledo
$1289
69 km or 43 mi Segovia
$1333
138 km or 86 mi Cuenca
$1162
155 km or 97 mi Laguna de Duero
$1259
158 km or 98 mi Villarrobledo
$1287
162 km or 101 mi Valladolid
$1262
177 km or 110 mi Salamanca
$1127
196 km or 122 mi Puertollano
$974
208 km or 129 mi Plasencia
$1169
211 km or 131 mi Zamora
$1260
215 km or 133 mi Burgos
$1220
223 km or 139 mi Albacete
$1037
242 km or 150 mi Villanueva de la Serena
$1217
244 km or 151 mi Requena
$1317
250 km or 156 mi Logrono
$1016
251 km or 156 mi Caceres
$1019
253 km or 157 mi Tudela
$1314
258 km or 160 mi Linares
$1316
269 km or 167 mi Ubeda
$1461
272 km or 169 mi Zaragoza
$1330
281 km or 175 mi Merida
$1186
283 km or 176 mi Vitoria-Gasteiz
$1600
288 km or 179 mi Leon
$1337
295 km or 183 mi Jaen
$1013
296 km or 184 mi Jumilla
$1258
297 km or 184 mi Cordoba
$1165
298 km or 185 mi Yecla
$1271
299 km or 186 mi Braganca
$863
301 km or 187 mi Martos
$1284
302 km or 187 mi Caravaca de la Cruz
$1260
302 km or 188 mi Valencia
$1581

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