Panama City vs Quito - Cost of Living Comparison

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Livingcost

Panama City Quito
🚶 Cost of living one person
$1384
$902
👨‍👩‍👧‍👦 Cost of living Family
$3435
$2227
🏠 One person rent
$751
$387
🏘️ Family rent
$1474
$657
🍽️ Food expenses
$444
$324
🚐 Transport expenses
$84.4
$89.7
💳 Monthly salary after tax
$914
$561
😷 Air quality
Good
Excellent
✈️ Airport proximity
7 km
20 km
🎓 Higher education
42
63
😀 Quality of life
66
60
🏙️ Population
881K
1.76M

The cost of living in Panama City is 53% more expensive than in Quito. Cities ranked 4139th and 6126th ($1384 vs $902) in the list of the most expensive cities in the world and ranked 1st and 2nd in Panama and Ecuador, respectively. Check Panama vs Ecuador comparison.

The average after-tax salary is enough to cover living expenses for 0.7 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 3919th and 5262nd among best cities to live in the world.

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Cost of living in Panama City vs Quito infographic

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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
$12.3
$5.63
🥂 Dinner in a Restaurant, for 2
$55.2
$35.3
🥪 Fast food meal, equiv. McDonald's
$7.6
$8.06
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$2.94
$2.73
 Cappuccino
$4.25
$3.25
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$1.9
$1.03
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$827
$423
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$577
$305
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$1757
$780
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$1198
$534
🔌 Utility Bill one person, electricity, heating, water, etc.
$76.7
$28.6
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$118
$44.2
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$47.4
$29.6
🏦 Mortgage Interest Rate for 20 Years
6.12%
11.47%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$2406
$1507
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$1535
$1142
Transportation
🚌 Local transport ticket
$0.35
$0.35
🎟️ Monthly ticket local transport
$26.2
$22.6
🚕 Taxi Ride, 8 km or 5 mi
$13.9
$11.7
 Gas / Petrol, 1 L or 0.26 gal
$1.02
$0.89
Groceries
🥛 Milk, 1 L or 1 qt
$1.78
$1.15
🍞 Bread, 0.5 kg or 1.1 lb
$2.12
$1.46
🍚 Rice, 1 kg or 2.2 lb
$2.08
$1.47
🥚 Eggs, x12
$2.67
$2.37
🧀 Cheese, 1 kg or 2.2 lb
$13.2
$9.26
🐔 Chicken Breast, 1 kg or 2.2 lb
$7.23
$7.55
🥩 Round Steak, 1 kg or 2.2 lb
$10.4
$7.82
🍏 Apples, 1 kg or 2.2 lb
$3.11
$2.12
🍌 Banana, 1 kg or 2.2 lb
$1.54
$1.2
🍊 Oranges, 1 kg or 2.2 lb
$3.09
$1.18
🍅 Tomato, 1 kg or 2.2 lb
$2.94
$1.35
🥔 Potato, 1 kg or 2.2 lb
$2.19
$1.35
🧅 Onion, 1 kg or 2.2 lb
$2.5
$1.05
🌊 Water, 1 L or 1 qt
$1
$0.71
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.51
$2.38
🍾 Wine (mid-priced), 750 mL bottle
$9.03
$11.4
🍺 Beer, 0.5 L or 16 fl oz
$1.14
$1.69
🚬 Cigarette pack
$5.89
$6.54
💊 Cold medicince, 1 week
$10.5
$5.88
🧴 Hair Shampoo
$6.97
$7.06
🧻 Toilet paper, 4 rolls
$3.12
$3.04
👄 Toothpaste, 1 tube
$3.06
$2.57
Other
🏋️ Gym Membership, 1 month
$43.8
$42.1
🎫 Cinema Ticket, 1 person
$6.71
$6.99
👩‍⚕️ Doctor's visit
$49.1
$39.7
💇 Haircut, simple
$13.7
$12.1
👖 Brand Jeans
$54.3
$56.5
👟 Brand Sneakers
$90.2
$100
👶 Daycare or Preschool, 1 month
$437
$300
🏫 International Primary School, 1 year
$9531
$7183

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Cities near Panama City

Distance City Cost of living
8.1 km or 5 mi Balboa
$1249
16 km or 9.9 mi Tocumen
$1231
26 km or 16 mi Pacora
$1249
34 km or 21 mi La Chorrera
$953
59 km or 37 mi Colon
$1182
108 km or 67 mi Penonome
$1098
154 km or 96 mi Chitre
$1091
190 km or 118 mi Santiago de Veraguas
$1056
321 km or 199 mi Turbo
$634
329 km or 204 mi David
$833
398 km or 247 mi Monteria
$620
403 km or 250 mi Limon
$1201
406 km or 252 mi Santa Cruz de Lorica
$638
452 km or 281 mi Sincelejo
$506
463 km or 288 mi Cartagena
$748
483 km or 300 mi Quibdo
$661
494 km or 307 mi Cartago
$961
513 km or 319 mi San Jose
$1239
518 km or 322 mi Heredia
$1246
521 km or 324 mi Magangue
$582
526 km or 327 mi Bello
$789
529 km or 329 mi Alajuela
$1233
530 km or 329 mi Medellin
$873
534 km or 332 mi Envigado
$871
558 km or 347 mi Soledad
$840
559 km or 348 mi Barranquilla
$789
595 km or 370 mi Puntarenas
$1277
617 km or 383 mi Cartago
$619
617 km or 383 mi Cienaga
$831
623 km or 387 mi Manizales
$653
627 km or 390 mi Santa Teresa
$1310
627 km or 390 mi Pereira
$641
631 km or 392 mi Santa Marta
$979
632 km or 393 mi Buenaventura
$718
636 km or 395 mi Minca
$863
651 km or 404 mi Salento
$562
652 km or 405 mi Armenia
$541
657 km or 408 mi Tulua
$477
658 km or 409 mi Barrancabermeja
$573
675 km or 419 mi Liberia
$898

Cities near Quito

Distance City Cost of living
74 km or 46 mi Santo Domingo
$592
77 km or 48 mi Ibarra
$528
114 km or 71 mi Ambato
$574
138 km or 86 mi Quevedo
$651
151 km or 94 mi Ipiales
$504
163 km or 101 mi Riobamba
$545
183 km or 114 mi Esmeraldas
$618
210 km or 130 mi Pasto
$488
210 km or 130 mi Babahoyo
$827
227 km or 141 mi Tumaco
$544
235 km or 146 mi Portoviejo
$760
244 km or 152 mi Milagro
$722
258 km or 161 mi Manta
$870
262 km or 163 mi Duran
$808
267 km or 166 mi Guayaquil
$910
303 km or 188 mi Cuenca
$770
307 km or 191 mi Montanita
$761
348 km or 216 mi La Libertad
$813
364 km or 226 mi Popayan
$462
376 km or 233 mi Machala
$594
381 km or 237 mi Florencia
$398
426 km or 265 mi Loja
$617
430 km or 267 mi Tumbes
$454
463 km or 288 mi Cali
$733
484 km or 301 mi Buenaventura
$718
484 km or 301 mi Palmira
$652
501 km or 311 mi Neiva
$520
516 km or 321 mi Mancora
$495
543 km or 337 mi Tulua
$477
574 km or 357 mi Talara
$504
575 km or 357 mi Sullana
$498
602 km or 374 mi Piura
$564
610 km or 379 mi Jaen
$517
611 km or 380 mi Paita
$509
616 km or 383 mi Armenia
$541
623 km or 387 mi Cartago
$619
631 km or 392 mi Salento
$562
635 km or 395 mi Ibague
$501
641 km or 398 mi Pereira
$641
650 km or 404 mi Girardot
$483