Panama City vs Quito - Cost of Living Comparison

Updated: March 02, 2025

	Panama City	Quito
🚶 Cost of living one person	$1479	$884
👨‍👩‍👧‍👦 Cost of living Family	$3609	$2179
🏠 One person rent	$846	$367
🏘️ Family rent	$1592	$595
🍽️ Food expenses	$440	$329
🚐 Transport expenses	$83	$88.8
💳 Monthly salary after tax	$967	$683
😷 Air quality	Good	Excellent
✈️ Airport proximity	7 km	20 km
🎓 Higher education	42	64
😀 Quality of life	67	55
🏙️ Population	881K	1.76M

The cost of living in Panama City is 67% more expensive than in Quito. Cities ranked 3517th and 6124th ($1479 vs $884) 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 0.7 months in Panama City compared to 0.8 months in Quito. Panama City ranked 1st best city to live in Panama vs Quito ranked 1st in Ecuador, while ranked 3734th and 5845th 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	$10.4	$5.31
🥂 Dinner in a Restaurant, for 2	$48.5	$32.1
🥪 Fast food meal, equiv. McDonald's	$8.06	$7.96
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$2.97	$2.79
☕ Cappuccino	$3.99	$3.14
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$1.66	$1.14
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$891	$410
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$681	$291
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$1749	$719
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$1344	$482
🔌 Utility Bill one person, electricity, heating, water, etc.	$78	$24.8
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$121	$38.2
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$45.4	$27.3
🏦 Mortgage Interest Rate for 20 Years	6.28%	11.11%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$2551	$1517
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$1632	$971
Transportation
🚌 Local transport ticket	$0.42	$0.35
🎟️ Monthly ticket local transport	$23.2	$24.1
🚕 Taxi Ride, 8 km or 5 mi	$14.3	$11.3
⛽ Gas / Petrol, 1 L or 0.26 gal	$0.96	$0.85
Groceries
🥛 Milk, 1 L or 1 qt	$1.8	$1.13
🍞 Bread, 0.5 kg or 1.1 lb	$2.19	$1.49
🍚 Rice, 1 kg or 2.2 lb	$2.33	$1.64
🥚 Eggs, x12	$2.77	$2.42
🧀 Cheese, 1 kg or 2.2 lb	$12.4	$9.58
🐔 Chicken Breast, 1 kg or 2.2 lb	$7.09	$8.26
🥩 Round Steak, 1 kg or 2.2 lb	$9.99	$8.21
🍏 Apples, 1 kg or 2.2 lb	$3.44	$1.88
🍌 Banana, 1 kg or 2.2 lb	$1.58	$1.12
🍊 Oranges, 1 kg or 2.2 lb	$2.89	$1.17
🍅 Tomato, 1 kg or 2.2 lb	$2.94	$1.4
🥔 Potato, 1 kg or 2.2 lb	$2.23	$1.34
🧅 Onion, 1 kg or 2.2 lb	$2.8	$1.05
🌊 Water, 1 L or 1 qt	$1.07	$0.65
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$2.31	$2.3
🍾 Wine (mid-priced), 750 mL bottle	$10	$11.3
🍺 Beer, 0.5 L or 16 fl oz	$1.29	$1.77
🚬 Cigarette pack	$5.98	$7.31
💊 Cold medicince, 1 week	$11.7	$8.17
🧴 Hair Shampoo	$7.94	$8.08
🧻 Toilet paper, 4 rolls	$3.37	$2.62
👄 Toothpaste, 1 tube	$3.71	$2.12
Other
🏋️ Gym Membership, 1 month	$45.3	$39.9
🎫 Cinema Ticket, 1 person	$7.22	$6.82
👩‍⚕️ Doctor's visit	$54.5	$41.9
💇 Haircut, simple	$12.9	$10.5
👖 Brand Jeans	$56.8	$51.6
👟 Brand Sneakers	$93.2	$101
👶 Daycare or Preschool, 1 month	$477	$276
🏫 International Primary School, 1 year	$13616	$8036

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	$1328
16 km or 9.9 mi	Tocumen	$1310
26 km or 16 mi	Pacora	$1304
34 km or 21 mi	La Chorrera	$957
59 km or 37 mi	Colon	$1172
108 km or 67 mi	Penonome	$1116
154 km or 96 mi	Chitre	$1117
190 km or 118 mi	Santiago de Veraguas	$1089
321 km or 199 mi	Turbo	$664
329 km or 204 mi	David	$890
398 km or 247 mi	Monteria	$645
403 km or 250 mi	Limon	$1225
406 km or 252 mi	Santa Cruz de Lorica	$669
452 km or 281 mi	Sincelejo	$524
463 km or 288 mi	Cartagena	$760
483 km or 300 mi	Quibdo	$705
494 km or 307 mi	Cartago	$1024
513 km or 319 mi	San Jose	$1324
518 km or 322 mi	Heredia	$1296
521 km or 324 mi	Magangue	$604
526 km or 327 mi	Bello	$839
529 km or 329 mi	Alajuela	$1269
530 km or 329 mi	Medellin	$906
534 km or 332 mi	Envigado	$897
558 km or 347 mi	Soledad	$741
559 km or 348 mi	Barranquilla	$773
595 km or 370 mi	Puntarenas	$801
617 km or 383 mi	Cartago	$649
617 km or 383 mi	Cienaga	$742
623 km or 387 mi	Manizales	$653
627 km or 390 mi	Santa Teresa	$1213
627 km or 390 mi	Pereira	$680
631 km or 392 mi	Santa Marta	$837
632 km or 393 mi	Buenaventura	$742
636 km or 395 mi	Minca	$759
651 km or 404 mi	Salento	$605
652 km or 405 mi	Armenia	$598
657 km or 408 mi	Tulua	$513
658 km or 409 mi	Barrancabermeja	$1031
675 km or 419 mi	Liberia	$932

Cities near Quito

Distance	City	Cost of living
74 km or 46 mi	Santo Domingo	$532
77 km or 48 mi	Ibarra	$519
114 km or 71 mi	Ambato	$573
138 km or 86 mi	Quevedo	$651
151 km or 94 mi	Ipiales	$531
163 km or 101 mi	Riobamba	$538
183 km or 114 mi	Esmeraldas	$610
210 km or 130 mi	Pasto	$514
210 km or 130 mi	Babahoyo	$823
227 km or 141 mi	Tumaco	$571
235 km or 146 mi	Portoviejo	$716
244 km or 152 mi	Milagro	$697
258 km or 161 mi	Manta	$990
262 km or 163 mi	Duran	$806
267 km or 166 mi	Guayaquil	$925
303 km or 188 mi	Cuenca	$758
307 km or 191 mi	Montanita	$766
348 km or 216 mi	La Libertad	$816
364 km or 226 mi	Popayan	$477
376 km or 233 mi	Machala	$569
381 km or 237 mi	Florencia	$410
426 km or 265 mi	Loja	$600
430 km or 267 mi	Tumbes	$463
463 km or 288 mi	Cali	$748
484 km or 301 mi	Buenaventura	$742
484 km or 301 mi	Palmira	$666
501 km or 311 mi	Neiva	$557
516 km or 321 mi	Mancora	$505
543 km or 337 mi	Tulua	$513
574 km or 357 mi	Talara	$513
575 km or 357 mi	Sullana	$505
602 km or 374 mi	Piura	$565
610 km or 379 mi	Jaen	$548
611 km or 380 mi	Paita	$518
616 km or 383 mi	Armenia	$598
623 km or 387 mi	Cartago	$649
631 km or 392 mi	Salento	$605
635 km or 395 mi	Ibague	$529
641 km or 398 mi	Pereira	$680
650 km or 404 mi	Girardot	$493