Panama City vs Quito - Cost of Living Comparison

Updated: October 14, 2025

	Panama City	Quito
🚶 Cost of living one person	$1560	$882
👨‍👩‍👧‍👦 Cost of living Family	$3547	$2247
🏠 One person rent	$943	$363
🏘️ Family rent	$1558	$633
🍽️ Food expenses	$429	$316
🚐 Transport expenses	$78.4	$98.6
💳 Monthly salary after tax	$982	$485
😷 Air quality	Excellent	Excellent
✈️ Airport proximity	7 km	20 km
🎓 Higher education	43	62
😀 Quality of life	71	57
🏙️ Population	410K	1.76M

The cost of living in Panama City is 77% more expensive than in Quito. Cities ranked 3737th and 6318th ($1560 vs $882) 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 0.5 months in Quito. Panama City ranked 1st best city to live in Panama vs Quito ranked 1st in Ecuador, while ranked 3765th and 6166th 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	$10.6	$4.97
🥂 Dinner in a Restaurant, for 2	$45.7	$35.2
🥪 Fast food meal, equiv. McDonald's	$8.08	$7.76
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$2.93	$2.23
☕ Cappuccino	$4.03	$3.01
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$1.69	$1.11
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$1015	$410
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$759	$292
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$1675	$744
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$1306	$533
🔌 Utility Bill one person, electricity, heating, water, etc.	$86.4	$19.2
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$133	$29.7
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$45.5	$27.8
🏦 Mortgage Interest Rate for 20 Years	6.41%	11.16%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$2662	$1599
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$1618	$888
Transportation
🚌 Local transport ticket	$0.35	$0.35
🎟️ Monthly ticket local transport	$23.2	$26.9
🚕 Taxi Ride, 8 km or 5 mi	$20.5	$13.4
⛽ Gas / Petrol, 1 L or 0.26 gal	$0.97	$0.7
Groceries
🥛 Milk, 1 L or 1 qt	$1.79	$1.07
🍞 Bread, 0.5 kg or 1.1 lb	$2.25	$1.59
🍚 Rice, 1 kg or 2.2 lb	$2.11	$1.78
🥚 Eggs, x12	$3.17	$2.4
🧀 Cheese, 1 kg or 2.2 lb	$11.7	$8.28
🐔 Chicken Breast, 1 kg or 2.2 lb	$6.81	$7.22
🥩 Round Steak, 1 kg or 2.2 lb	$9.86	$8.23
🍏 Apples, 1 kg or 2.2 lb	$3.27	$2.06
🍌 Banana, 1 kg or 2.2 lb	$1.52	$1.09
🍊 Oranges, 1 kg or 2.2 lb	$3.27	$1.04
🍅 Tomato, 1 kg or 2.2 lb	$3.05	$1.28
🥔 Potato, 1 kg or 2.2 lb	$2.34	$1.5
🧅 Onion, 1 kg or 2.2 lb	$3.26	$1.04
🌊 Water, 1 L or 1 qt	$1.05	$0.7
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$2.44	$2.31
🍾 Wine (mid-priced), 750 mL bottle	$11.2	$9.93
🍺 Beer, 0.5 L or 16 fl oz	$1.38	$1.6
🚬 Cigarette pack	$5.92	$6.06
💊 Cold medicince, 1 week	$8.17	$6.98
🧴 Hair Shampoo	$8.06	$7.02
🧻 Toilet paper, 4 rolls	$2.98	$2.61
👄 Toothpaste, 1 tube	$3.05	$2.75
Other
🏋️ Gym Membership, 1 month	$42.6	$38.9
🎫 Cinema Ticket, 1 person	$7.32	$7.01
👩‍⚕️ Doctor's visit	$58.4	$45.5
💇 Haircut, simple	$14.3	$11.3
👖 Brand Jeans	$54	$59.8
👟 Brand Sneakers	$91.3	$105
👶 Daycare or Preschool, 1 month	$477	$286
🏫 International Primary School, 1 year	$15637	$9282

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	$1400
16 km or 9.9 mi	Tocumen	$1377
26 km or 16 mi	Pacora	$1371
34 km or 21 mi	La Chorrera	$981
59 km or 37 mi	Colon	$1188
108 km or 67 mi	Penonome	$1150
154 km or 96 mi	Chitre	$1150
190 km or 118 mi	Santiago de Veraguas	$1122
321 km or 199 mi	Turbo	$721
329 km or 204 mi	David	$925
398 km or 247 mi	Monteria	$663
403 km or 250 mi	Limon	$1288
406 km or 252 mi	Santa Cruz de Lorica	$715
452 km or 281 mi	Sincelejo	$547
463 km or 288 mi	Cartagena	$1105
483 km or 300 mi	Quibdo	$708
494 km or 307 mi	Cartago	$1241
513 km or 319 mi	San Jose	$1398
518 km or 322 mi	Heredia	$1335
521 km or 324 mi	Magangue	$667
526 km or 327 mi	Bello	$881
529 km or 329 mi	Alajuela	$1303
530 km or 329 mi	Medellin	$1030
534 km or 332 mi	Envigado	$950
558 km or 347 mi	Soledad	$883
559 km or 348 mi	Barranquilla	$843
595 km or 370 mi	Puntarenas	$821
617 km or 383 mi	Cartago	$679
617 km or 383 mi	Cienaga	$831
623 km or 387 mi	Manizales	$678
627 km or 390 mi	Santa Teresa	$1236
627 km or 390 mi	Pereira	$730
631 km or 392 mi	Santa Marta	$929
632 km or 393 mi	Buenaventura	$782
636 km or 395 mi	Minca	$847
651 km or 404 mi	Salento	$655
652 km or 405 mi	Armenia	$667
657 km or 408 mi	Tulua	$511
658 km or 409 mi	Barrancabermeja	$1082
675 km or 419 mi	Liberia	$953

Cities near Quito

Distance	City	Cost of living
74 km or 46 mi	Santo Domingo	$598
77 km or 48 mi	Ibarra	$585
114 km or 71 mi	Ambato	$542
138 km or 86 mi	Quevedo	$649
151 km or 94 mi	Ipiales	$604
163 km or 101 mi	Riobamba	$509
183 km or 114 mi	Esmeraldas	$606
210 km or 130 mi	Pasto	$608
210 km or 130 mi	Babahoyo	$841
227 km or 141 mi	Tumaco	$622
235 km or 146 mi	Portoviejo	$776
244 km or 152 mi	Milagro	$745
258 km or 161 mi	Manta	$859
262 km or 163 mi	Duran	$869
267 km or 166 mi	Guayaquil	$1006
303 km or 188 mi	Cuenca	$780
307 km or 191 mi	Montanita	$728
348 km or 216 mi	La Libertad	$712
364 km or 226 mi	Popayan	$572
376 km or 233 mi	Machala	$587
381 km or 237 mi	Florencia	$489
426 km or 265 mi	Loja	$601
430 km or 267 mi	Tumbes	$582
463 km or 288 mi	Cali	$759
484 km or 301 mi	Buenaventura	$782
484 km or 301 mi	Palmira	$693
501 km or 311 mi	Neiva	$565
516 km or 321 mi	Mancora	$656
543 km or 337 mi	Tulua	$511
574 km or 357 mi	Talara	$704
575 km or 357 mi	Sullana	$596
602 km or 374 mi	Piura	$648
610 km or 379 mi	Jaen	$609
611 km or 380 mi	Paita	$638
616 km or 383 mi	Armenia	$667
623 km or 387 mi	Cartago	$679
631 km or 392 mi	Salento	$655
635 km or 395 mi	Ibague	$506
641 km or 398 mi	Pereira	$730
650 km or 404 mi	Girardot	$515