Maracaibo vs Panama City - Cost of Living Comparison

Updated: March 01, 2024

	Maracaibo	Panama City
🚶 Cost of living one person	$716	$1316
👨‍👩‍👧‍👦 Cost of living Family	$2038	$3171
🏠 One person rent	$173	$709
🏘️ Family rent	$392	$1291
🍽️ Food expenses	$325	$426
🚐 Transport expenses	$147	$78
💳 Monthly salary after tax	$174	$901
😷 Air quality	Good	Moderate
✈️ Airport proximity	13 km	7 km
🎓 Higher education	31	42
😀 Quality of life	17	67
🏙️ Population	1.55M	881K

The cost of living in Maracaibo is 46% less expensive than in Panama City. Cities ranked 6715th and 4138th ($716 vs $1316) in the list of the most expensive cities in the world and ranked 31st and 1st in Venezuela and Panama, respectively. Check Venezuela vs Panama comparison.

The average after-tax salary is enough to cover living expenses for 0.2 months in Maracaibo compared to 0.7 months in Panama City. Maracaibo ranked 24th best city to live in Venezuela vs Panama City ranked 1st in Panama, while ranked 9053rd and 3926th among best cities to live in the world.

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Cost of living in Maracaibo vs Panama City infographic

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Prices in Maracaibo vs Panama City

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

	Maracaibo	Panama City
Eating Out
🍱 Lunch Menu	$7.05	$11.5
🥂 Dinner in a Restaurant, for 2	$32.7	$51.8
🥪 Fast food meal, equiv. McDonald's	$8.59	$7.97
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$2.35	$2.6
☕ Cappuccino	$3.1	$4.35
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$1	$1.75
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$248	$836
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$81.6	$520
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$460	$1703
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$279	$980
🔌 Utility Bill one person, electricity, heating, water, etc.	$34.7	$78.2
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$53.9	$119
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$23.2	$47.6
🏦 Mortgage Interest Rate for 20 Years	26.85%	5.97%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$2138	$2399
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$1081	$1457
Transportation
🚌 Local transport ticket	$0.5	$0.35
🎟️ Monthly ticket local transport	$45.6	$25.9
🚕 Taxi Ride, 8 km or 5 mi	$21.6	$12
⛽ Gas / Petrol, 1 L or 0.26 gal	$0.55	$1.06
Groceries
🥛 Milk, 1 L or 1 qt	$1.64	$1.76
🍞 Bread, 0.5 kg or 1.1 lb	$1.57	$2.11
🍚 Rice, 1 kg or 2.2 lb	$1.16	$1.71
🥚 Eggs, x12	$3.6	$2.63
🧀 Cheese, 1 kg or 2.2 lb	$6.08	$11.9
🐔 Chicken Breast, 1 kg or 2.2 lb	$6.08	$7.45
🥩 Round Steak, 1 kg or 2.2 lb	$5.95	$8.87
🍏 Apples, 1 kg or 2.2 lb	$3.64	$2.91
🍌 Banana, 1 kg or 2.2 lb	$1.4	$1.37
🍊 Oranges, 1 kg or 2.2 lb	$1.58	$2.8
🍅 Tomato, 1 kg or 2.2 lb	$1.57	$2.81
🥔 Potato, 1 kg or 2.2 lb	$1.79	$2.1
🧅 Onion, 1 kg or 2.2 lb	$2.02	$2.02
🌊 Water, 1 L or 1 qt	$1.01	$0.98
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$2.08	$2.59
🍾 Wine (mid-priced), 750 mL bottle	$9.07	$9.98
🍺 Beer, 0.5 L or 16 fl oz	$1.36	$1.14
🚬 Cigarette pack	$2.43	$5.88
💊 Cold medicince, 1 week	$3.34	$9.43
🧴 Hair Shampoo	$5.98	$7.05
🧻 Toilet paper, 4 rolls	$2.78	$3.43
👄 Toothpaste, 1 tube	$2.22	$3.7
Other
🏋️ Gym Membership, 1 month	$30.4	$42
🎫 Cinema Ticket, 1 person	$3.66	$6.85
👩‍⚕️ Doctor's visit	$31.9	$48.6
💇 Haircut, simple	$10.4	$13.5
👖 Brand Jeans	$51.6	$54.3
👟 Brand Sneakers	$53.3	$86.9
👶 Daycare or Preschool, 1 month	$100	$408
🏫 International Primary School, 1 year	$14120	$9581

Cost of living in other countries

Cost of living

Cost of Living in the nearest cities

Cities near Maracaibo

Distance	City	Cost of living
34 km or 21 mi	Cabimas	$1029
60 km or 38 mi	Ciudad Ojeda	$873
106 km or 66 mi	Maicao	$458
120 km or 75 mi	Machiques	$733
172 km or 107 mi	Riohacha	$552
178 km or 110 mi	Carora	$691
179 km or 111 mi	Valledupar	$519
184 km or 114 mi	San Carlos del Zulia	$680
185 km or 115 mi	Santa Barbara del Zulia	$681
193 km or 120 mi	Trujillo	$701
199 km or 124 mi	Punto Fijo	$627
211 km or 131 mi	Valera	$705
223 km or 138 mi	El Tocuyo	$679
229 km or 142 mi	Coro	$635
234 km or 146 mi	Merida	$664
238 km or 148 mi	Quibor	$663
258 km or 160 mi	Barquisimeto	$708
268 km or 166 mi	Cabudare	$653
271 km or 169 mi	Barinas	$743
272 km or 169 mi	Guanare	$700
272 km or 169 mi	Oranjestad	$1640
277 km or 172 mi	Minca	$655
281 km or 174 mi	La Grita	$617
281 km or 175 mi	Yaritagua	$663
281 km or 175 mi	Socopo	$662
288 km or 179 mi	Santa Marta	$705
288 km or 179 mi	Cienaga	$661
290 km or 180 mi	Araure	$692
292 km or 181 mi	Acarigua	$687
317 km or 197 mi	San Felipe	$699
318 km or 197 mi	Cucuta	$708
320 km or 199 mi	Tariba	$592
325 km or 202 mi	San Cristobal	$589
326 km or 202 mi	Ocana	$612
326 km or 202 mi	San Antonio del Tachira	$595
335 km or 208 mi	Barber	$1415
336 km or 208 mi	Rubio	$593
337 km or 210 mi	Willemstad	$1385
346 km or 215 mi	Soledad	$851
347 km or 216 mi	Barranquilla	$780

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