Panama City vs Quito - Cost of Living Comparison

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Livingcost

Panama City Quito
🚶 Cost of living one person
$1590
$864
👨‍👩‍👧‍👦 Cost of living Family
$3556
$2221
🏠 One person rent
$946
$339
🏘️ Family rent
$1545
$572
🍽️ Food expenses
$439
$326
🚐 Transport expenses
$100
$89.5
💳 Monthly salary after tax
$973
$608
😷 Air quality
Excellent
Excellent
✈️ Airport proximity
7 km
20 km
🎓 Higher education
42
63
😀 Quality of life
71
60
🏙️ Population
1.54M
1.76M

The cost of living in Panama City is 84% more expensive than in Quito. Cities ranked 3634th and 6476th ($1590 vs $864) 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 0.6 months in Panama City compared to 0.7 months in Quito. Panama City ranked 1st best city to live in Panama vs Quito ranked 1st in Ecuador, while ranked 3213th and 5902nd 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
$9.69
$4.94
🥂 Dinner in a Restaurant, for 2
$45.4
$44.3
🥪 Fast food meal, equiv. McDonald's
$8.03
$7.47
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$2.93
$2.86
☕ Cappuccino
$4.3
$3.45
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$1.82
$1.13
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$1068
$415
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$747
$264
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$1913
$757
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$1223
$457
🔌 Utility Bill one person, electricity, heating, water, etc.
$90.4
$19.6
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$140
$29.9
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$44.6
$25.5
🏦 Mortgage Interest Rate for 20 Years
6.27%
10.04%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$3111
$1700
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$1732
$731
Transportation
🚌 Local transport ticket
$0.35
$0.35
🎟️ Monthly ticket local transport
$22.5
$24
🚕 Taxi Ride, 8 km or 5 mi
$14.7
$11.7
⛽ Gas / Petrol, 1 L or 0.26 gal
$0.98
$0.8
Groceries
🥛 Milk, 1 L or 1 qt
$1.83
$1.09
🍞 Bread, 0.5 kg or 1.1 lb
$2.17
$1.5
🍚 Rice, 1 kg or 2.2 lb
$2.34
$1.49
🥚 Eggs, x12
$3.11
$2.17
🧀 Cheese, 1 kg or 2.2 lb
$12.1
$8.36
🐔 Chicken Breast, 1 kg or 2.2 lb
$7.11
$7.22
🥩 Round Steak, 1 kg or 2.2 lb
$10.6
$7.67
🍏 Apples, 1 kg or 2.2 lb
$3.56
$2.04
🍌 Banana, 1 kg or 2.2 lb
$1.54
$1.2
🍊 Oranges, 1 kg or 2.2 lb
$3.7
$1.29
🍅 Tomato, 1 kg or 2.2 lb
$3.36
$1.18
🥔 Potato, 1 kg or 2.2 lb
$2.62
$1.21
🧅 Onion, 1 kg or 2.2 lb
$3.19
$1.01
🌊 Water, 1 L or 1 qt
$1.24
$0.73
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.37
$2.11
🍾 Wine (mid-priced), 750 mL bottle
$12.1
$10.7
🍺 Beer, 0.5 L or 16 fl oz
$1.35
$1.6
🚬 Cigarette pack
$5.95
$5.84
💊 Cold medicince, 1 week
$8.08
$8.11
🧴 Hair Shampoo
$7.95
$7.93
🧻 Toilet paper, 4 rolls
$2.92
$2.26
👄 Toothpaste, 1 tube
$3.05
$2.17
Other
🏋️ Gym Membership, 1 month
$41.9
$49.3
🎫 Cinema Ticket, 1 person
$7.52
$6.75
👩‍⚕️ Doctor's visit
$42.9
$38.2
💇 Haircut, simple
$14.5
$11.8
👖 Brand Jeans
$58.4
$69.3
👟 Brand Sneakers
$90.7
$114
👶 Daycare or Preschool, 1 month
$505
$385
🏫 International Primary School, 1 year
$11486
$8877

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Cost of Living in the nearest cities

Cities near Panama City

Distance City Cost of living
8.1 km or 5 mi Balboa
$1396
16 km or 9.9 mi Tocumen
$1373
26 km or 16 mi Pacora
$1361
34 km or 21 mi La Chorrera
$982
59 km or 37 mi Colon
$1185
108 km or 67 mi Penonome
$1147
154 km or 96 mi Chitre
$1144
190 km or 118 mi Santiago de Veraguas
$1112
321 km or 199 mi Turbo
$797
329 km or 204 mi David
$909
398 km or 247 mi Monteria
$733
403 km or 250 mi Limon
$1228
406 km or 252 mi Santa Cruz de Lorica
$789
452 km or 281 mi Sincelejo
$586
463 km or 288 mi Cartagena
$1186
483 km or 300 mi Quibdo
$802
494 km or 307 mi Cartago
$1361
513 km or 319 mi San Jose
$1574
518 km or 322 mi Heredia
$1471
521 km or 324 mi Magangue
$727
526 km or 327 mi Bello
$1012
529 km or 329 mi Alajuela
$1362
530 km or 329 mi Medellin
$1162
534 km or 332 mi Envigado
$1041
558 km or 347 mi Soledad
$967
559 km or 348 mi Barranquilla
$931
595 km or 370 mi Puntarenas
$872
617 km or 383 mi Cartago
$769
617 km or 383 mi Cienaga
$882
623 km or 387 mi Manizales
$737
627 km or 390 mi Santa Teresa
$1325
627 km or 390 mi Pereira
$862
631 km or 392 mi Santa Marta
$973
632 km or 393 mi Buenaventura
$856
636 km or 395 mi Minca
$891
651 km or 404 mi Salento
$749
652 km or 405 mi Armenia
$749
657 km or 408 mi Tulua
$563
658 km or 409 mi Barrancabermeja
$1001
675 km or 419 mi Liberia
$1024

Cities near Quito

Distance City Cost of living
74 km or 46 mi Santo Domingo
$592
77 km or 48 mi Ibarra
$557
114 km or 71 mi Ambato
$516
138 km or 86 mi Quevedo
$653
151 km or 94 mi Ipiales
$672
163 km or 101 mi Riobamba
$514
183 km or 114 mi Esmeraldas
$613
210 km or 130 mi Pasto
$675
210 km or 130 mi Babahoyo
$827
227 km or 141 mi Tumaco
$694
235 km or 146 mi Portoviejo
$780
244 km or 152 mi Milagro
$731
258 km or 161 mi Manta
$762
262 km or 163 mi Duran
$842
267 km or 166 mi Guayaquil
$953
303 km or 188 mi Cuenca
$829
307 km or 191 mi Montanita
$704
348 km or 216 mi La Libertad
$707
364 km or 226 mi Popayan
$631
376 km or 233 mi Machala
$584
381 km or 237 mi Florencia
$524
426 km or 265 mi Loja
$559
430 km or 267 mi Tumbes
$577
463 km or 288 mi Cali
$850
484 km or 301 mi Buenaventura
$856
484 km or 301 mi Palmira
$788
501 km or 311 mi Neiva
$606
516 km or 321 mi Mancora
$660
543 km or 337 mi Tulua
$563
574 km or 357 mi Talara
$705
575 km or 357 mi Sullana
$593
602 km or 374 mi Piura
$651
610 km or 379 mi Jaen
$617
611 km or 380 mi Paita
$638
616 km or 383 mi Armenia
$749
623 km or 387 mi Cartago
$769
631 km or 392 mi Salento
$749
635 km or 395 mi Ibague
$537
641 km or 398 mi Pereira
$862
650 km or 404 mi Girardot
$559