Panama City vs Praia - Cost of Living Comparison

Updated: March 02, 2025

	Panama City	Praia
🚶 Cost of living one person	$1479	$840
👨‍👩‍👧‍👦 Cost of living Family	$3609	$1956
🏠 One person rent	$846	$405
🏘️ Family rent	$1592	$721
🍽️ Food expenses	$440	$327
🚐 Transport expenses	$83	$47
💳 Monthly salary after tax	$967	$191
😷 Air quality	Good	Moderate
✈️ Airport proximity	7 km	4 km
🎓 Higher education	42	29
😀 Quality of life	67	36
🏙️ Population	881K	159K

The cost of living in Panama City is 76% more expensive than in Praia. Cities ranked 3517th and 6298th ($1479 vs $840) 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 0.7 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 3734th and 7365th 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	$10.4	$5.03
🥂 Dinner in a Restaurant, for 2	$48.5	$26.9
🥪 Fast food meal, equiv. McDonald's	$8.06	$5.65
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$2.97	$2.07
☕ Cappuccino	$3.99	$1.7
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$1.66	$1.47
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$891	$393
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$681	$236
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$1749	$821
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$1344	$460
🔌 Utility Bill one person, electricity, heating, water, etc.	$78	$92.1
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$121	$143
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$45.4	$45.6
🏦 Mortgage Interest Rate for 20 Years	6.28%	8.96%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$2551	$1102
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$1632	$879
Transportation
🚌 Local transport ticket	$0.42	$0.74
🎟️ Monthly ticket local transport	$23.2	$25.8
🚕 Taxi Ride, 8 km or 5 mi	$14.3	$16.1
⛽ Gas / Petrol, 1 L or 0.26 gal	$0.96	$1.45
Groceries
🥛 Milk, 1 L or 1 qt	$1.8	$1.23
🍞 Bread, 0.5 kg or 1.1 lb	$2.19	$1.54
🍚 Rice, 1 kg or 2.2 lb	$2.33	$2.3
🥚 Eggs, x12	$2.77	$2.15
🧀 Cheese, 1 kg or 2.2 lb	$12.4	$18.8
🐔 Chicken Breast, 1 kg or 2.2 lb	$7.09	$4.86
🥩 Round Steak, 1 kg or 2.2 lb	$9.99	$16.2
🍏 Apples, 1 kg or 2.2 lb	$3.44	$3.98
🍌 Banana, 1 kg or 2.2 lb	$1.58	$2.88
🍊 Oranges, 1 kg or 2.2 lb	$2.89	$3.42
🍅 Tomato, 1 kg or 2.2 lb	$2.94	$3.5
🥔 Potato, 1 kg or 2.2 lb	$2.23	$1.37
🧅 Onion, 1 kg or 2.2 lb	$2.8	$1.42
🌊 Water, 1 L or 1 qt	$1.07	$0.95
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$2.31	$1.89
🍾 Wine (mid-priced), 750 mL bottle	$10	$8.05
🍺 Beer, 0.5 L or 16 fl oz	$1.29	$1.66
🚬 Cigarette pack	$5.98	$3.73
💊 Cold medicince, 1 week	$11.7	$3.43
🧴 Hair Shampoo	$7.94	$7.02
🧻 Toilet paper, 4 rolls	$3.37	$1.15
👄 Toothpaste, 1 tube	$3.71	$1.26
Other
🏋️ Gym Membership, 1 month	$45.3	$25.9
🎫 Cinema Ticket, 1 person	$7.22	$5.2
👩‍⚕️ Doctor's visit	$54.5	$24.1
💇 Haircut, simple	$12.9	$2.36
👖 Brand Jeans	$56.8	$32.9
👟 Brand Sneakers	$93.2	$69.3
👶 Daycare or Preschool, 1 month	$477	$132
🏫 International Primary School, 1 year	$13616	$2887

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	$1328
16 km or 9.9 mi	Tocumen	$1310
26 km or 16 mi	Pacora	$1304
34 km or 21 mi	La Chorrera	$957
59 km or 37 mi	Colon	$1172
108 km or 67 mi	Penonome	$1116
154 km or 96 mi	Chitre	$1117
190 km or 118 mi	Santiago de Veraguas	$1089
321 km or 199 mi	Turbo	$664
329 km or 204 mi	David	$890
398 km or 247 mi	Monteria	$645
403 km or 250 mi	Limon	$1225
406 km or 252 mi	Santa Cruz de Lorica	$669
452 km or 281 mi	Sincelejo	$524
463 km or 288 mi	Cartagena	$760
483 km or 300 mi	Quibdo	$705
494 km or 307 mi	Cartago	$1024
513 km or 319 mi	San Jose	$1324
518 km or 322 mi	Heredia	$1296
521 km or 324 mi	Magangue	$604
526 km or 327 mi	Bello	$839
529 km or 329 mi	Alajuela	$1269
530 km or 329 mi	Medellin	$906
534 km or 332 mi	Envigado	$897
558 km or 347 mi	Soledad	$741
559 km or 348 mi	Barranquilla	$773
595 km or 370 mi	Puntarenas	$801
617 km or 383 mi	Cartago	$649
617 km or 383 mi	Cienaga	$742
623 km or 387 mi	Manizales	$653
627 km or 390 mi	Santa Teresa	$1213
627 km or 390 mi	Pereira	$680
631 km or 392 mi	Santa Marta	$837
632 km or 393 mi	Buenaventura	$742
636 km or 395 mi	Minca	$759
651 km or 404 mi	Salento	$605
652 km or 405 mi	Armenia	$598
657 km or 408 mi	Tulua	$513
658 km or 409 mi	Barrancabermeja	$1031
675 km or 419 mi	Liberia	$932

Cities near Praia

Distance	City	Cost of living
26 km or 16 mi	Assomada	$838
270 km or 168 mi	Mindelo	$865
651 km or 404 mi	Dakar	$1114
671 km or 417 mi	Rufisque	$1046
709 km or 440 mi	Thies	$1052
760 km or 472 mi	Lamin	$507
761 km or 473 mi	Saint-Louis	$960
762 km or 474 mi	Brikama	$552
765 km or 475 mi	Banjul	$477
766 km or 476 mi	Fatick	$998
786 km or 488 mi	Louga	$970
805 km or 500 mi	Kaolack	$1000
824 km or 512 mi	Ziguinchor	$953
843 km or 524 mi	Rosso	$647
877 km or 545 mi	Nouakchott	$675
921 km or 572 mi	Bissau	$827
952 km or 591 mi	Kolda	$964
1004 km or 624 mi	Bafata	$804
1156 km or 718 mi	Boffa	$998
1222 km or 760 mi	Conakry	$1061
1263 km or 785 mi	Forecariah	$998
1327 km or 825 mi	Freetown	$1346
1338 km or 831 mi	Mamou	$1019
1497 km or 930 mi	Bo	$1278
1554 km or 965 mi	Kenema	$1272
1618 km or 1005 mi	Gueckedou	$1009
1621 km or 1007 mi	Kankan	$1007
1646 km or 1023 mi	Tenerife	$1612
1660 km or 1031 mi	La Orotava	$1558
1662 km or 1033 mi	Santa Lucia de Tirajana	$1287
1663 km or 1034 mi	Puerto de la Cruz	$1665
1680 km or 1044 mi	San Cristobal de La Laguna	$1361
1682 km or 1045 mi	Santa Cruz de Tenerife	$1371
1685 km or 1047 mi	Monrovia	$523
1688 km or 1049 mi	Las Palmas	$1268
1694 km or 1053 mi	Bamako	$569
1712 km or 1064 mi	Kakata	$487
1729 km or 1074 mi	Laayoune	$559
1735 km or 1078 mi	Koulikoro	$490
1737 km or 1079 mi	Banamba	$491