Panama City vs Santiago - Cost of Living Comparison

Updated: October 14, 2025

	Panama City	Santiago
🚶 Cost of living one person	$1560	$1108
👨‍👩‍👧‍👦 Cost of living Family	$3547	$2721
🏠 One person rent	$943	$495
🏘️ Family rent	$1558	$858
🍽️ Food expenses	$429	$360
🚐 Transport expenses	$78.4	$154
💳 Monthly salary after tax	$982	$844
😷 Air quality	Excellent	Moderate
✈️ Airport proximity	7 km	13 km
🎓 Higher education	43	91
😀 Quality of life	71	81
🏙️ Population	410K	6.26M

The cost of living in Panama City is 41% more expensive than in Santiago. Cities ranked 3737th and 4939th ($1560 vs $1108) in the list of the most expensive cities in the world and ranked 1st and 1st in Panama and Chile, respectively. Check Panama vs Chile comparison.

The average after-tax salary is enough to cover living expenses for 0.6 months in Panama City compared to 0.8 months in Santiago. Panama City ranked 1st best city to live in Panama vs Santiago ranked 1st in Chile, while ranked 3765th and 672nd among best cities to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

Cost of living in Panama City vs Santiago infographic

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Prices in Panama City vs Santiago

Prices for goods and services in Panama City and Santiago are partly crowdsourced by our visitors, just like yourself. Please consider telling us about your city.

	Panama City	Santiago
Eating Out
🍱 Lunch Menu	$10.6	$10.7
🥂 Dinner in a Restaurant, for 2	$45.7	$47.7
🥪 Fast food meal, equiv. McDonald's	$8.08	$7.74
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$2.93	$3.49
☕ Cappuccino	$4.03	$3.52
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$1.69	$1.55
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$1015	$509
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$759	$369
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$1675	$896
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$1306	$675
🔌 Utility Bill one person, electricity, heating, water, etc.	$86.4	$77.6
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$133	$119
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$45.5	$20.2
🏦 Mortgage Interest Rate for 20 Years	6.41%	5.26%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$2662	$2583
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$1618	$3493
Transportation
🚌 Local transport ticket	$0.35	$0.85
🎟️ Monthly ticket local transport	$23.2	$41.4
🚕 Taxi Ride, 8 km or 5 mi	$20.5	$10.3
⛽ Gas / Petrol, 1 L or 0.26 gal	$0.97	$1.37
Groceries
🥛 Milk, 1 L or 1 qt	$1.79	$1.19
🍞 Bread, 0.5 kg or 1.1 lb	$2.25	$1.26
🍚 Rice, 1 kg or 2.2 lb	$2.11	$1.66
🥚 Eggs, x12	$3.17	$4.02
🧀 Cheese, 1 kg or 2.2 lb	$11.7	$10.8
🐔 Chicken Breast, 1 kg or 2.2 lb	$6.81	$6.5
🥩 Round Steak, 1 kg or 2.2 lb	$9.86	$10.8
🍏 Apples, 1 kg or 2.2 lb	$3.27	$1.96
🍌 Banana, 1 kg or 2.2 lb	$1.52	$1.52
🍊 Oranges, 1 kg or 2.2 lb	$3.27	$2.03
🍅 Tomato, 1 kg or 2.2 lb	$3.05	$1.77
🥔 Potato, 1 kg or 2.2 lb	$2.34	$1.62
🧅 Onion, 1 kg or 2.2 lb	$3.26	$1.63
🌊 Water, 1 L or 1 qt	$1.05	$0.78
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$2.44	$2.12
🍾 Wine (mid-priced), 750 mL bottle	$11.2	$6.13
🍺 Beer, 0.5 L or 16 fl oz	$1.38	$1.53
🚬 Cigarette pack	$5.92	$5.55
💊 Cold medicince, 1 week	$8.17	$4.06
🧴 Hair Shampoo	$8.06	$4.03
🧻 Toilet paper, 4 rolls	$2.98	$2.36
👄 Toothpaste, 1 tube	$3.05	$2.71
Other
🏋️ Gym Membership, 1 month	$42.6	$43.1
🎫 Cinema Ticket, 1 person	$7.32	$6.31
👩‍⚕️ Doctor's visit	$58.4	$40.7
💇 Haircut, simple	$14.3	$16.8
👖 Brand Jeans	$54	$56
👟 Brand Sneakers	$91.3	$79.2
👶 Daycare or Preschool, 1 month	$477	$425
🏫 International Primary School, 1 year	$15637	$9190

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 Santiago

Distance	City	Cost of living
17 km or 11 mi	San Bernardo	$768
20 km or 12 mi	Puente Alto	$874
69 km or 43 mi	Los Andes	$760
78 km or 48 mi	San Felipe	$714
80 km or 50 mi	Rancagua	$780
80 km or 50 mi	Villa Alemana	$839
83 km or 52 mi	Quillota	$849
85 km or 53 mi	Quilpue	$845
89 km or 55 mi	San Antonio	$1065
95 km or 59 mi	Vina del Mar	$885
99 km or 62 mi	Valparaiso	$908
130 km or 80 mi	San Fernando	$911
179 km or 111 mi	Curico	$752
181 km or 112 mi	Godoy Cruz	$877
182 km or 113 mi	Mendoza	$897
185 km or 115 mi	Las Heras	$877
208 km or 129 mi	San Martin	$838
238 km or 148 mi	Talca	$821
251 km or 156 mi	San Rafael	$639
264 km or 164 mi	Constitucion	$806
280 km or 174 mi	Linares	$848
292 km or 181 mi	San Juan	$578
321 km or 199 mi	Ovalle	$724
375 km or 233 mi	Chillan	$666
394 km or 245 mi	Coquimbo	$829
398 km or 247 mi	La Serena	$833
401 km or 249 mi	San Luis	$756
409 km or 254 mi	Tome	$746
426 km or 265 mi	Talcahuano	$657
434 km or 269 mi	Concepcion	$874
455 km or 283 mi	Coronel	$801
456 km or 284 mi	Lujan	$750
464 km or 288 mi	Lota	$800
472 km or 294 mi	Los Angeles	$840
482 km or 300 mi	Villa Mercedes	$752
508 km or 316 mi	Curanilahue	$800
518 km or 322 mi	Angol	$819
542 km or 337 mi	Vallenar	$798
576 km or 358 mi	La Rioja	$571
588 km or 366 mi	Rio Cuarto	$827