Madrid vs Panama City - Cost of Living Comparison

Updated:

Livingcost

Madrid Panama City
🚶 Cost of living one person
$2109
$1590
👨‍👩‍👧‍👦 Cost of living Family
$4833
$3556
🏠 One person rent
$1251
$946
🏘️ Family rent
$2104
$1545
🍽️ Food expenses
$517
$439
🚐 Transport expenses
$191
$100
💳 Monthly salary after tax
$2569
$973
😷 Air quality
Excellent
Excellent
✈️ Airport proximity
10 km
7 km
🎓 Higher education
98
42
😀 Quality of life
91
71
🏙️ Population
3.51M
1.54M

The cost of living in Madrid is 33% more expensive than in Panama City. Cities ranked 1723rd and 3634th ($2109 vs $1590) in the list of the most expensive cities in the world and ranked 4th and 1st in Spain and Panama, respectively. Check Spain vs Panama comparison.

The average after-tax salary is enough to cover living expenses for 1.2 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 160th and 3213th among best cities to live in the world.

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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
$17.6
$9.69
🥂 Dinner in a Restaurant, for 2
$60.1
$45.4
🥪 Fast food meal, equiv. McDonald's
$13.1
$8.03
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$4.64
$2.93
☕ Cappuccino
$3.76
$4.3
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$3.27
$1.82
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$1411
$1068
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$1035
$747
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$2589
$1913
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$1735
$1223
🔌 Utility Bill one person, electricity, heating, water, etc.
$108
$90.4
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$165
$140
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$33.4
$44.6
🏦 Mortgage Interest Rate for 20 Years
3.1%
6.27%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$9054
$3111
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$4487
$1732
Transportation
🚌 Local transport ticket
$1.75
$0.35
🎟️ Monthly ticket local transport
$42.5
$22.5
🚕 Taxi Ride, 8 km or 5 mi
$18.1
$14.7
⛽ Gas / Petrol, 1 L or 0.26 gal
$1.8
$0.98
Groceries
🥛 Milk, 1 L or 1 qt
$1.28
$1.83
🍞 Bread, 0.5 kg or 1.1 lb
$1.34
$2.17
🍚 Rice, 1 kg or 2.2 lb
$1.51
$2.34
🥚 Eggs, x12
$3.97
$3.11
🧀 Cheese, 1 kg or 2.2 lb
$17.3
$12.1
🐔 Chicken Breast, 1 kg or 2.2 lb
$8.98
$7.11
🥩 Round Steak, 1 kg or 2.2 lb
$17.7
$10.6
🍏 Apples, 1 kg or 2.2 lb
$3.06
$3.56
🍌 Banana, 1 kg or 2.2 lb
$2.39
$1.54
🍊 Oranges, 1 kg or 2.2 lb
$2.64
$3.7
🍅 Tomato, 1 kg or 2.2 lb
$2.88
$3.36
🥔 Potato, 1 kg or 2.2 lb
$2.22
$2.62
🧅 Onion, 1 kg or 2.2 lb
$2.27
$3.19
🌊 Water, 1 L or 1 qt
$0.67
$1.24
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.95
$2.37
🍾 Wine (mid-priced), 750 mL bottle
$8.81
$12.1
🍺 Beer, 0.5 L or 16 fl oz
$1.32
$1.35
🚬 Cigarette pack
$7.01
$5.95
💊 Cold medicince, 1 week
$11.7
$8.08
🧴 Hair Shampoo
$4.43
$7.95
🧻 Toilet paper, 4 rolls
$2.43
$2.92
👄 Toothpaste, 1 tube
$2.55
$3.05
Other
🏋️ Gym Membership, 1 month
$53.1
$41.9
🎫 Cinema Ticket, 1 person
$11.8
$7.52
👩‍⚕️ Doctor's visit
$68.9
$42.9
💇 Haircut, simple
$17.4
$14.5
👖 Brand Jeans
$99.3
$58.4
👟 Brand Sneakers
$114
$90.7
👶 Daycare or Preschool, 1 month
$729
$505
🏫 International Primary School, 1 year
$16324
$11486

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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
$1899
11 km or 6.7 mi Coslada
$1721
14 km or 8.5 mi Alcobendas
$1708
18 km or 11 mi Mostoles
$1716
18 km or 11 mi Fuenlabrada
$1603
18 km or 11 mi Torrejon de Ardoz
$1643
21 km or 13 mi Tres Cantos
$1667
29 km or 18 mi Alcala de Henares
$1678
50 km or 31 mi Guadalajara
$1200
68 km or 42 mi Toledo
$1320
69 km or 43 mi Segovia
$1360
138 km or 86 mi Cuenca
$1246
155 km or 97 mi Laguna de Duero
$1396
158 km or 98 mi Villarrobledo
$1397
162 km or 101 mi Valladolid
$1415
177 km or 110 mi Salamanca
$1191
196 km or 122 mi Puertollano
$896
208 km or 129 mi Plasencia
$1267
211 km or 131 mi Zamora
$1373
215 km or 133 mi Burgos
$1242
223 km or 139 mi Albacete
$1303
242 km or 150 mi Villanueva de la Serena
$1325
244 km or 151 mi Requena
$1421
250 km or 156 mi Logrono
$1115
251 km or 156 mi Caceres
$1187
253 km or 157 mi Tudela
$1424
258 km or 160 mi Linares
$1395
269 km or 167 mi Ubeda
$1499
272 km or 169 mi Zaragoza
$1436
281 km or 175 mi Merida
$1276
283 km or 176 mi Vitoria-Gasteiz
$1697
288 km or 179 mi Leon
$1265
295 km or 183 mi Jaen
$1125
296 km or 184 mi Jumilla
$1316
297 km or 184 mi Cordoba
$1291
298 km or 185 mi Yecla
$1203
299 km or 186 mi Braganca
$935
301 km or 187 mi Martos
$1390
302 km or 187 mi Caravaca de la Cruz
$1351
302 km or 188 mi Valencia
$1812

Cities near Panama City

Distance City Cost of living
8.1 km or 5 mi Balboa
$1396
16 km or 9.9 mi Tocumen
$1373
26 km or 16 mi Pacora
$1361
34 km or 21 mi La Chorrera
$982
59 km or 37 mi Colon
$1185
108 km or 67 mi Penonome
$1147
154 km or 96 mi Chitre
$1144
190 km or 118 mi Santiago de Veraguas
$1112
321 km or 199 mi Turbo
$797
329 km or 204 mi David
$909
398 km or 247 mi Monteria
$733
403 km or 250 mi Limon
$1228
406 km or 252 mi Santa Cruz de Lorica
$789
452 km or 281 mi Sincelejo
$586
463 km or 288 mi Cartagena
$1186
483 km or 300 mi Quibdo
$802
494 km or 307 mi Cartago
$1361
513 km or 319 mi San Jose
$1574
518 km or 322 mi Heredia
$1471
521 km or 324 mi Magangue
$727
526 km or 327 mi Bello
$1012
529 km or 329 mi Alajuela
$1362
530 km or 329 mi Medellin
$1162
534 km or 332 mi Envigado
$1041
558 km or 347 mi Soledad
$967
559 km or 348 mi Barranquilla
$931
595 km or 370 mi Puntarenas
$872
617 km or 383 mi Cartago
$769
617 km or 383 mi Cienaga
$882
623 km or 387 mi Manizales
$737
627 km or 390 mi Santa Teresa
$1325
627 km or 390 mi Pereira
$862
631 km or 392 mi Santa Marta
$973
632 km or 393 mi Buenaventura
$856
636 km or 395 mi Minca
$891
651 km or 404 mi Salento
$749
652 km or 405 mi Armenia
$749
657 km or 408 mi Tulua
$563
658 km or 409 mi Barrancabermeja
$1001
675 km or 419 mi Liberia
$1024