Panama City vs Quito - Cost of Living Comparison

Updated:

Livingcost

Panama City Quito
🚶 Cost of living one person
$1583
$902
👨‍👩‍👧‍👦 Cost of living Family
$3567
$2281
🏠 One person rent
$976
$378
🏘️ Family rent
$1633
$647
🍽️ Food expenses
$432
$321
🚐 Transport expenses
$69.1
$96.2
💳 Monthly salary after tax
$936
$499
😷 Air quality
Excellent
Excellent
✈️ Airport proximity
7 km
20 km
🎓 Higher education
42
63
😀 Quality of life
69
57
🏙️ Population
410K
1.76M

The cost of living in Panama City is 75% more expensive than in Quito. Cities ranked 3744th and 6319th ($1583 vs $902) in the list of the most expensive cities in the world and ranked 1st and 3rd in Panama and Ecuador, respectively. Check Panama vs Ecuador comparison.

The average after-tax salary is enough to cover living expenses for 0.6 months in Panama City compared to 0.6 months in Quito. Panama City ranked 1st best city to live in Panama vs Quito ranked 1st in Ecuador, while ranked 4400th and 6235th among best cities to live in the world.

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Prices in Panama City vs Quito

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

Panama City Quito
Eating Out
🍱 Lunch Menu
$10.6
$5.03
🥂 Dinner in a Restaurant, for 2
$45.3
$40.8
🥪 Fast food meal, equiv. McDonald's
$7.39
$7.92
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$2.97
$2.5
☕ Cappuccino
$3.94
$3.02
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$1.71
$1.25
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$1062
$438
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$794
$304
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$1911
$783
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$1347
$541
🔌 Utility Bill one person, electricity, heating, water, etc.
$82.5
$19.7
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$128
$30.4
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$45.4
$27.4
🏦 Mortgage Interest Rate for 20 Years
6.26%
10.6%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$3048
$1744
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$1725
$745
Transportation
🚌 Local transport ticket
$0.35
$0.35
🎟️ Monthly ticket local transport
$22.2
$22.7
🚕 Taxi Ride, 8 km or 5 mi
$17.4
$13.6
⛽ Gas / Petrol, 1 L or 0.26 gal
$0.93
$0.78
Groceries
🥛 Milk, 1 L or 1 qt
$1.84
$1.11
🍞 Bread, 0.5 kg or 1.1 lb
$2.23
$1.74
🍚 Rice, 1 kg or 2.2 lb
$2.33
$1.74
🥚 Eggs, x12
$3.26
$2.23
🧀 Cheese, 1 kg or 2.2 lb
$11.2
$7.9
🐔 Chicken Breast, 1 kg or 2.2 lb
$6.57
$6.86
🥩 Round Steak, 1 kg or 2.2 lb
$9.64
$8.72
🍏 Apples, 1 kg or 2.2 lb
$3.53
$2.31
🍌 Banana, 1 kg or 2.2 lb
$1.62
$1.16
🍊 Oranges, 1 kg or 2.2 lb
$3.29
$1.12
🍅 Tomato, 1 kg or 2.2 lb
$3.03
$1.19
🥔 Potato, 1 kg or 2.2 lb
$2.46
$1.32
🧅 Onion, 1 kg or 2.2 lb
$3.74
$1.05
🌊 Water, 1 L or 1 qt
$1.16
$0.67
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.41
$2.08
🍾 Wine (mid-priced), 750 mL bottle
$11.6
$10.1
🍺 Beer, 0.5 L or 16 fl oz
$1.44
$1.58
🚬 Cigarette pack
$6.04
$5.95
💊 Cold medicince, 1 week
$8.16
$7
🧴 Hair Shampoo
$8.03
$6.94
🧻 Toilet paper, 4 rolls
$2.96
$2.65
👄 Toothpaste, 1 tube
$3.04
$2.32
Other
🏋️ Gym Membership, 1 month
$42.8
$42.9
🎫 Cinema Ticket, 1 person
$7.3
$6.95
👩‍⚕️ Doctor's visit
$50.2
$43.8
💇 Haircut, simple
$14.5
$10.3
👖 Brand Jeans
$53.6
$62.1
👟 Brand Sneakers
$91.3
$114
👶 Daycare or Preschool, 1 month
$503
$332
🏫 International Primary School, 1 year
$13402
$8496

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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 Quito

Distance City Cost of living
74 km or 46 mi Santo Domingo
$598
77 km or 48 mi Ibarra
$569
114 km or 71 mi Ambato
$538
138 km or 86 mi Quevedo
$656
151 km or 94 mi Ipiales
$640
163 km or 101 mi Riobamba
$510
183 km or 114 mi Esmeraldas
$613
210 km or 130 mi Pasto
$637
210 km or 130 mi Babahoyo
$847
227 km or 141 mi Tumaco
$663
235 km or 146 mi Portoviejo
$785
244 km or 152 mi Milagro
$755
258 km or 161 mi Manta
$814
262 km or 163 mi Duran
$905
267 km or 166 mi Guayaquil
$1029
303 km or 188 mi Cuenca
$822
307 km or 191 mi Montanita
$734
348 km or 216 mi La Libertad
$716
364 km or 226 mi Popayan
$606
376 km or 233 mi Machala
$584
381 km or 237 mi Florencia
$514
426 km or 265 mi Loja
$594
430 km or 267 mi Tumbes
$590
463 km or 288 mi Cali
$829
484 km or 301 mi Buenaventura
$825
484 km or 301 mi Palmira
$746
501 km or 311 mi Neiva
$592
516 km or 321 mi Mancora
$668
543 km or 337 mi Tulua
$537
574 km or 357 mi Talara
$714
575 km or 357 mi Sullana
$605
602 km or 374 mi Piura
$660
610 km or 379 mi Jaen
$619
611 km or 380 mi Paita
$650
616 km or 383 mi Armenia
$719
623 km or 387 mi Cartago
$738
631 km or 392 mi Salento
$709
635 km or 395 mi Ibague
$529
641 km or 398 mi Pereira
$789
650 km or 404 mi Girardot
$547