Panama City vs Praia - Cost of Living Comparison

Updated: October 14, 2025

	Panama City	Praia
🚶 Cost of living one person	$1560	$964
👨‍👩‍👧‍👦 Cost of living Family	$3547	$2177
🏠 One person rent	$943	$467
🏘️ Family rent	$1558	$763
🍽️ Food expenses	$429	$377
🚐 Transport expenses	$78.4	$42.9
💳 Monthly salary after tax	$982	$211
😷 Air quality	Excellent	Moderate
✈️ Airport proximity	7 km	4 km
🎓 Higher education	43	30
😀 Quality of life	71	43
🏙️ Population	410K	159K

The cost of living in Panama City is 62% more expensive than in Praia. Cities ranked 3737th and 5871st ($1560 vs $964) in the list of the most expensive cities in the world and ranked 1st and 2nd in Panama and Cape Verde, respectively. Check Panama vs Cape Verde comparison.

The average after-tax salary is enough to cover living expenses for 0.6 months in Panama City compared to 0.2 months in Praia. Panama City ranked 1st best city to live in Panama vs Praia ranked 1st in Cape Verde, while ranked 3765th and 7431st among best cities to live in the world.

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Cost of living in Panama City vs Praia infographic

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Prices in Panama City vs Praia

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

	Panama City	Praia
Eating Out
🍱 Lunch Menu	$10.6	$5.35
🥂 Dinner in a Restaurant, for 2	$45.7	$31.6
🥪 Fast food meal, equiv. McDonald's	$8.08	$6.32
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$2.93	$2.36
☕ Cappuccino	$4.03	$1.88
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$1.69	$3.79
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$1015	$436
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$759	$266
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$1675	$796
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$1306	$469
🔌 Utility Bill one person, electricity, heating, water, etc.	$86.4	$115
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$133	$178
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$45.5	$51.3
🏦 Mortgage Interest Rate for 20 Years	6.41%	8.97%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$2662	$1148
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$1618	$941
Transportation
🚌 Local transport ticket	$0.35	$0.82
🎟️ Monthly ticket local transport	$23.2	$28.6
🚕 Taxi Ride, 8 km or 5 mi	$20.5	$12.5
⛽ Gas / Petrol, 1 L or 0.26 gal	$0.97	$1.59
Groceries
🥛 Milk, 1 L or 1 qt	$1.79	$1.37
🍞 Bread, 0.5 kg or 1.1 lb	$2.25	$1.72
🍚 Rice, 1 kg or 2.2 lb	$2.11	$2.56
🥚 Eggs, x12	$3.17	$2.39
🧀 Cheese, 1 kg or 2.2 lb	$11.7	$8.38
🐔 Chicken Breast, 1 kg or 2.2 lb	$6.81	$8.12
🥩 Round Steak, 1 kg or 2.2 lb	$9.86	$17.3
🍏 Apples, 1 kg or 2.2 lb	$3.27	$4.48
🍌 Banana, 1 kg or 2.2 lb	$1.52	$3.13
🍊 Oranges, 1 kg or 2.2 lb	$3.27	$3.81
🍅 Tomato, 1 kg or 2.2 lb	$3.05	$4.74
🥔 Potato, 1 kg or 2.2 lb	$2.34	$1.52
🧅 Onion, 1 kg or 2.2 lb	$3.26	$1.58
🌊 Water, 1 L or 1 qt	$1.05	$1.05
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$2.44	$2.09
🍾 Wine (mid-priced), 750 mL bottle	$11.2	$9.05
🍺 Beer, 0.5 L or 16 fl oz	$1.38	$1.83
🚬 Cigarette pack	$5.92	$4.18
💊 Cold medicince, 1 week	$8.17	$3.83
🧴 Hair Shampoo	$8.06	$7.05
🧻 Toilet paper, 4 rolls	$2.98	$1.26
👄 Toothpaste, 1 tube	$3.05	$1.4
Other
🏋️ Gym Membership, 1 month	$42.6	$28.8
🎫 Cinema Ticket, 1 person	$7.32	$5.86
👩‍⚕️ Doctor's visit	$58.4	$26.1
💇 Haircut, simple	$14.3	$2.66
👖 Brand Jeans	$54	$70.8
👟 Brand Sneakers	$91.3	$77.1
👶 Daycare or Preschool, 1 month	$477	$146
🏫 International Primary School, 1 year	$15637	$3216

Cost of living in other countries

Cost of living

Cost of Living in the nearest cities

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

Cities near Praia

Distance	City	Cost of living
26 km or 16 mi	Assomada	$962
270 km or 168 mi	Mindelo	$997
651 km or 404 mi	Dakar	$1221
671 km or 417 mi	Rufisque	$1141
709 km or 440 mi	Thies	$1140
760 km or 472 mi	Lamin	$541
761 km or 473 mi	Saint-Louis	$1062
762 km or 474 mi	Brikama	$598
765 km or 475 mi	Banjul	$516
766 km or 476 mi	Fatick	$1084
786 km or 488 mi	Louga	$1060
805 km or 500 mi	Kaolack	$1088
824 km or 512 mi	Ziguinchor	$1031
843 km or 524 mi	Rosso	$630
877 km or 545 mi	Nouakchott	$662
921 km or 572 mi	Bissau	$895
952 km or 591 mi	Kolda	$1044
1004 km or 624 mi	Bafata	$872
1156 km or 718 mi	Boffa	$999
1222 km or 760 mi	Conakry	$1067
1263 km or 785 mi	Forecariah	$999
1327 km or 825 mi	Freetown	$1347
1338 km or 831 mi	Mamou	$1021
1497 km or 930 mi	Bo	$1283
1554 km or 965 mi	Kenema	$1281
1618 km or 1005 mi	Gueckedou	$1010
1621 km or 1007 mi	Kankan	$1007
1646 km or 1023 mi	Tenerife	$1705
1660 km or 1031 mi	La Orotava	$1633
1662 km or 1033 mi	Santa Lucia de Tirajana	$1455
1663 km or 1034 mi	Puerto de la Cruz	$1702
1680 km or 1044 mi	San Cristobal de La Laguna	$1539
1682 km or 1045 mi	Santa Cruz de Tenerife	$1567
1685 km or 1047 mi	Monrovia	$536
1688 km or 1049 mi	Las Palmas	$1484
1694 km or 1053 mi	Bamako	$583
1712 km or 1064 mi	Kakata	$502
1729 km or 1074 mi	Laayoune	$629
1735 km or 1078 mi	Koulikoro	$506
1737 km or 1079 mi	Banamba	$506