Panama City vs Quito - Cost of Living Comparison

Updated: October 10, 2024

	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

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	$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