Madrid vs Panama City - Cost of Living Comparison

Updated:

Livingcost

Madrid Panama City
🚶 Cost of living one person
$2015
$1560
👨‍👩‍👧‍👦 Cost of living Family
$4668
$3547
🏠 One person rent
$1177
$943
🏘️ Family rent
$2051
$1558
🍽️ Food expenses
$499
$429
🚐 Transport expenses
$189
$78.4
💳 Monthly salary after tax
$2580
$982
😷 Air quality
Excellent
Excellent
✈️ Airport proximity
10 km
7 km
🎓 Higher education
98
43
😀 Quality of life
92
71
🏙️ Population
3.42M
410K

The cost of living in Madrid is 29% more expensive than in Panama City. Cities ranked 1962nd and 3737th ($2015 vs $1560) 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 142nd and 3765th 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
$16.4
$10.6
🥂 Dinner in a Restaurant, for 2
$62.3
$45.7
🥪 Fast food meal, equiv. McDonald's
$12
$8.08
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$4.96
$2.93
☕ Cappuccino
$3.72
$4.03
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$3.13
$1.69
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$1341
$1015
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$959
$759
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$2482
$1675
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$1691
$1306
🔌 Utility Bill one person, electricity, heating, water, etc.
$110
$86.4
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$169
$133
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$32.3
$45.5
🏦 Mortgage Interest Rate for 20 Years
3.1%
6.41%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$8353
$2662
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$4881
$1618
Transportation
🚌 Local transport ticket
$1.74
$0.35
🎟️ Monthly ticket local transport
$43.1
$23.2
🚕 Taxi Ride, 8 km or 5 mi
$17.7
$20.5
⛽ Gas / Petrol, 1 L or 0.26 gal
$1.8
$0.97
Groceries
🥛 Milk, 1 L or 1 qt
$1.21
$1.79
🍞 Bread, 0.5 kg or 1.1 lb
$1.46
$2.25
🍚 Rice, 1 kg or 2.2 lb
$1.46
$2.11
🥚 Eggs, x12
$3.62
$3.17
🧀 Cheese, 1 kg or 2.2 lb
$16.5
$11.7
🐔 Chicken Breast, 1 kg or 2.2 lb
$8.96
$6.81
🥩 Round Steak, 1 kg or 2.2 lb
$17.5
$9.86
🍏 Apples, 1 kg or 2.2 lb
$2.83
$3.27
🍌 Banana, 1 kg or 2.2 lb
$2.3
$1.52
🍊 Oranges, 1 kg or 2.2 lb
$2.65
$3.27
🍅 Tomato, 1 kg or 2.2 lb
$2.88
$3.05
🥔 Potato, 1 kg or 2.2 lb
$2.12
$2.34
🧅 Onion, 1 kg or 2.2 lb
$2.22
$3.26
🌊 Water, 1 L or 1 qt
$0.65
$1.05
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.51
$2.44
🍾 Wine (mid-priced), 750 mL bottle
$8.79
$11.2
🍺 Beer, 0.5 L or 16 fl oz
$1.39
$1.38
🚬 Cigarette pack
$6.94
$5.92
💊 Cold medicince, 1 week
$10.5
$8.17
🧴 Hair Shampoo
$3.97
$8.06
🧻 Toilet paper, 4 rolls
$2.6
$2.98
👄 Toothpaste, 1 tube
$2.8
$3.05
Other
🏋️ Gym Membership, 1 month
$52
$42.6
🎫 Cinema Ticket, 1 person
$11.8
$7.32
👩‍⚕️ Doctor's visit
$70.5
$58.4
💇 Haircut, simple
$17.4
$14.3
👖 Brand Jeans
$102
$54
👟 Brand Sneakers
$107
$91.3
👶 Daycare or Preschool, 1 month
$678
$477
🏫 International Primary School, 1 year
$12418
$15637

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
$1870
11 km or 6.7 mi Coslada
$1674
14 km or 8.5 mi Alcobendas
$1656
18 km or 11 mi Mostoles
$1703
18 km or 11 mi Fuenlabrada
$1592
18 km or 11 mi Torrejon de Ardoz
$1581
21 km or 13 mi Tres Cantos
$1627
29 km or 18 mi Alcala de Henares
$1573
50 km or 31 mi Guadalajara
$1194
68 km or 42 mi Toledo
$1325
69 km or 43 mi Segovia
$1385
138 km or 86 mi Cuenca
$1217
155 km or 97 mi Laguna de Duero
$1346
158 km or 98 mi Villarrobledo
$1400
162 km or 101 mi Valladolid
$1367
177 km or 110 mi Salamanca
$1189
196 km or 122 mi Puertollano
$893
208 km or 129 mi Plasencia
$1225
211 km or 131 mi Zamora
$1337
215 km or 133 mi Burgos
$1343
223 km or 139 mi Albacete
$1464
242 km or 150 mi Villanueva de la Serena
$1312
244 km or 151 mi Requena
$1407
250 km or 156 mi Logrono
$1118
251 km or 156 mi Caceres
$1225
253 km or 157 mi Tudela
$1414
258 km or 160 mi Linares
$1369
269 km or 167 mi Ubeda
$1490
272 km or 169 mi Zaragoza
$1457
281 km or 175 mi Merida
$1272
283 km or 176 mi Vitoria-Gasteiz
$1685
288 km or 179 mi Leon
$1303
295 km or 183 mi Jaen
$1133
296 km or 184 mi Jumilla
$1345
297 km or 184 mi Cordoba
$1233
298 km or 185 mi Yecla
$1320
299 km or 186 mi Braganca
$913
301 km or 187 mi Martos
$1382
302 km or 187 mi Caravaca de la Cruz
$1344
302 km or 188 mi Valencia
$1703

Cities near Panama City

Distance City Cost of living
8.1 km or 5 mi Balboa
$1400
16 km or 9.9 mi Tocumen
$1377
26 km or 16 mi Pacora
$1371
34 km or 21 mi La Chorrera
$981
59 km or 37 mi Colon
$1188
108 km or 67 mi Penonome
$1150
154 km or 96 mi Chitre
$1150
190 km or 118 mi Santiago de Veraguas
$1122
321 km or 199 mi Turbo
$721
329 km or 204 mi David
$925
398 km or 247 mi Monteria
$663
403 km or 250 mi Limon
$1288
406 km or 252 mi Santa Cruz de Lorica
$715
452 km or 281 mi Sincelejo
$547
463 km or 288 mi Cartagena
$1105
483 km or 300 mi Quibdo
$708
494 km or 307 mi Cartago
$1241
513 km or 319 mi San Jose
$1398
518 km or 322 mi Heredia
$1335
521 km or 324 mi Magangue
$667
526 km or 327 mi Bello
$881
529 km or 329 mi Alajuela
$1303
530 km or 329 mi Medellin
$1030
534 km or 332 mi Envigado
$950
558 km or 347 mi Soledad
$883
559 km or 348 mi Barranquilla
$843
595 km or 370 mi Puntarenas
$821
617 km or 383 mi Cartago
$679
617 km or 383 mi Cienaga
$831
623 km or 387 mi Manizales
$678
627 km or 390 mi Santa Teresa
$1236
627 km or 390 mi Pereira
$730
631 km or 392 mi Santa Marta
$929
632 km or 393 mi Buenaventura
$782
636 km or 395 mi Minca
$847
651 km or 404 mi Salento
$655
652 km or 405 mi Armenia
$667
657 km or 408 mi Tulua
$511
658 km or 409 mi Barrancabermeja
$1082
675 km or 419 mi Liberia
$953