Panama City vs Praia - Cost of Living Comparison

Updated: March 11, 2026

	Panama City	Praia
🚶 Cost of living one person	$1583	$979
👨‍👩‍👧‍👦 Cost of living Family	$3567	$2219
🏠 One person rent	$976	$473
🏘️ Family rent	$1633	$783
🍽️ Food expenses	$432	$384
🚐 Transport expenses	$69.1	$42.2
💳 Monthly salary after tax	$936	$215
😷 Air quality	Excellent	Moderate
✈️ Airport proximity	7 km	4 km
🎓 Higher education	42	19
😀 Quality of life	69	41
🏙️ Population	410K	159K

The cost of living in Panama City is 62% more expensive than in Praia. Cities ranked 3744th and 5816th ($1583 vs $979) 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 4400th and 7752nd among best cities to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

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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	$5.45
🥂 Dinner in a Restaurant, for 2	$45.3	$31.5
🥪 Fast food meal, equiv. McDonald's	$7.39	$6.41
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$2.97	$2.49
☕ Cappuccino	$3.94	$1.93
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$1.71	$3.29
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$1062	$439
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$794	$270
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$1911	$784
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$1347	$494
🔌 Utility Bill one person, electricity, heating, water, etc.	$82.5	$117
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$128	$179
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$45.4	$52.1
🏦 Mortgage Interest Rate for 20 Years	6.26%	9.08%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$3048	$1324
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$1725	$1040
Transportation
🚌 Local transport ticket	$0.35	$0.69
🎟️ Monthly ticket local transport	$22.2	$29.4
🚕 Taxi Ride, 8 km or 5 mi	$17.4	$12.3
⛽ Gas / Petrol, 1 L or 0.26 gal	$0.93	$1.53
Groceries
🥛 Milk, 1 L or 1 qt	$1.84	$1.4
🍞 Bread, 0.5 kg or 1.1 lb	$2.23	$1.75
🍚 Rice, 1 kg or 2.2 lb	$2.33	$2.93
🥚 Eggs, x12	$3.26	$2.44
🧀 Cheese, 1 kg or 2.2 lb	$11.2	$8.55
🐔 Chicken Breast, 1 kg or 2.2 lb	$6.57	$8.27
🥩 Round Steak, 1 kg or 2.2 lb	$9.64	$17.7
🍏 Apples, 1 kg or 2.2 lb	$3.53	$4.51
🍌 Banana, 1 kg or 2.2 lb	$1.62	$3.19
🍊 Oranges, 1 kg or 2.2 lb	$3.29	$3.92
🍅 Tomato, 1 kg or 2.2 lb	$3.03	$4.84
🥔 Potato, 1 kg or 2.2 lb	$2.46	$1.63
🧅 Onion, 1 kg or 2.2 lb	$3.74	$1.6
🌊 Water, 1 L or 1 qt	$1.16	$1.08
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$2.41	$2.12
🍾 Wine (mid-priced), 750 mL bottle	$11.6	$9.1
🍺 Beer, 0.5 L or 16 fl oz	$1.44	$1.89
🚬 Cigarette pack	$6.04	$4.23
💊 Cold medicince, 1 week	$8.16	$3.88
🧴 Hair Shampoo	$8.03	$6.93
🧻 Toilet paper, 4 rolls	$2.96	$1.3
👄 Toothpaste, 1 tube	$3.04	$1.43
Other
🏋️ Gym Membership, 1 month	$42.8	$29.4
🎫 Cinema Ticket, 1 person	$7.3	$6.22
👩‍⚕️ Doctor's visit	$50.2	$27
💇 Haircut, simple	$14.5	$2.7
👖 Brand Jeans	$53.6	$71.2
👟 Brand Sneakers	$91.3	$78.8
👶 Daycare or Preschool, 1 month	$503	$148
🏫 International Primary School, 1 year	$13402	$3260

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	$1425
16 km or 9.9 mi	Tocumen	$1403
26 km or 16 mi	Pacora	$1395
34 km or 21 mi	La Chorrera	$977
59 km or 37 mi	Colon	$1179
108 km or 67 mi	Penonome	$1153
154 km or 96 mi	Chitre	$1154
190 km or 118 mi	Santiago de Veraguas	$1122
321 km or 199 mi	Turbo	$764
329 km or 204 mi	David	$922
398 km or 247 mi	Monteria	$703
403 km or 250 mi	Limon	$1332
406 km or 252 mi	Santa Cruz de Lorica	$764
452 km or 281 mi	Sincelejo	$572
463 km or 288 mi	Cartagena	$1155
483 km or 300 mi	Quibdo	$757
494 km or 307 mi	Cartago	$1290
513 km or 319 mi	San Jose	$1454
518 km or 322 mi	Heredia	$1378
521 km or 324 mi	Magangue	$707
526 km or 327 mi	Bello	$915
529 km or 329 mi	Alajuela	$1323
530 km or 329 mi	Medellin	$1071
534 km or 332 mi	Envigado	$992
558 km or 347 mi	Soledad	$950
559 km or 348 mi	Barranquilla	$909
595 km or 370 mi	Puntarenas	$825
617 km or 383 mi	Cartago	$738
617 km or 383 mi	Cienaga	$874
623 km or 387 mi	Manizales	$717
627 km or 390 mi	Santa Teresa	$1273
627 km or 390 mi	Pereira	$789
631 km or 392 mi	Santa Marta	$971
632 km or 393 mi	Buenaventura	$825
636 km or 395 mi	Minca	$887
651 km or 404 mi	Salento	$709
652 km or 405 mi	Armenia	$719
657 km or 408 mi	Tulua	$537
658 km or 409 mi	Barrancabermeja	$1040
675 km or 419 mi	Liberia	$957

Cities near Praia

Distance	City	Cost of living
26 km or 16 mi	Assomada	$977
270 km or 168 mi	Mindelo	$1014
651 km or 404 mi	Dakar	$1320
671 km or 417 mi	Rufisque	$1229
709 km or 440 mi	Thies	$1236
760 km or 472 mi	Lamin	$537
761 km or 473 mi	Saint-Louis	$1147
762 km or 474 mi	Brikama	$605
765 km or 475 mi	Banjul	$518
766 km or 476 mi	Fatick	$1176
786 km or 488 mi	Louga	$1145
805 km or 500 mi	Kaolack	$1178
824 km or 512 mi	Ziguinchor	$1108
843 km or 524 mi	Rosso	$619
877 km or 545 mi	Nouakchott	$659
921 km or 572 mi	Bissau	$878
952 km or 591 mi	Kolda	$1127
1004 km or 624 mi	Bafata	$852
1156 km or 718 mi	Boffa	$990
1222 km or 760 mi	Conakry	$1058
1263 km or 785 mi	Forecariah	$993
1327 km or 825 mi	Freetown	$1323
1338 km or 831 mi	Mamou	$1016
1497 km or 930 mi	Bo	$1257
1554 km or 965 mi	Kenema	$1257
1618 km or 1005 mi	Gueckedou	$1004
1621 km or 1007 mi	Kankan	$1001
1646 km or 1023 mi	Tenerife	$1774
1660 km or 1031 mi	La Orotava	$1694
1662 km or 1033 mi	Santa Lucia de Tirajana	$1531
1663 km or 1034 mi	Puerto de la Cruz	$1750
1680 km or 1044 mi	San Cristobal de La Laguna	$1615
1682 km or 1045 mi	Santa Cruz de Tenerife	$1654
1685 km or 1047 mi	Monrovia	$535
1688 km or 1049 mi	Las Palmas	$1540
1694 km or 1053 mi	Bamako	$583
1712 km or 1064 mi	Kakata	$503
1729 km or 1074 mi	Laayoune	$635
1735 km or 1078 mi	Koulikoro	$508
1737 km or 1079 mi	Banamba	$507