Panama City vs Shenzhen - Cost of Living Comparison

Updated: October 10, 2024

	Panama City	Shenzhen
🚶 Cost of living one person	$1384	$958
👨‍👩‍👧‍👦 Cost of living Family	$3435	$2895
🏠 One person rent	$751	$495
🏘️ Family rent	$1474	$1237
🍽️ Food expenses	$444	$274
🚐 Transport expenses	$84.4	$96.5
💳 Monthly salary after tax	$914	$1649
😷 Air quality	Good	Moderate
✈️ Airport proximity	7 km	11 km
🎓 Higher education	42	96
😀 Quality of life	66	79
🏙️ Population	881K	17.7M

The cost of living in Panama City is 45% more expensive than in Shenzhen. Cities ranked 4139th and 5948th ($1384 vs $958) in the list of the most expensive cities in the world and ranked 1st and 13th in Panama and China, respectively. Check Panama vs China comparison.

The average after-tax salary is enough to cover living expenses for 0.7 months in Panama City compared to 1.7 months in Shenzhen. Panama City ranked 1st best city to live in Panama vs Shenzhen ranked 3rd in China, while ranked 3919th and 556th among best cities to live in the world.

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Cost of living in Panama City vs Shenzhen infographic

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Prices in Panama City vs Shenzhen

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

	Panama City	Shenzhen
Eating Out
🍱 Lunch Menu	$12.3	$3.6
🥂 Dinner in a Restaurant, for 2	$55.2	$28.7
🥪 Fast food meal, equiv. McDonald's	$7.6	$5.73
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$2.94	$1.13
☕ Cappuccino	$4.25	$3.24
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$1.9	$0.49
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$827	$713
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$577	$370
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$1757	$1800
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$1198	$997
🔌 Utility Bill one person, electricity, heating, water, etc.	$76.7	$41.7
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$118	$63.6
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$47.4	$15
🏦 Mortgage Interest Rate for 20 Years	6.12%	4.47%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$2406	$13100
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$1535	$6892
Transportation
🚌 Local transport ticket	$0.35	$0.57
🎟️ Monthly ticket local transport	$26.2	$28.6
🚕 Taxi Ride, 8 km or 5 mi	$13.9	$4.62
⛽ Gas / Petrol, 1 L or 0.26 gal	$1.02	$1.21
Groceries
🥛 Milk, 1 L or 1 qt	$1.78	$2.01
🍞 Bread, 0.5 kg or 1.1 lb	$2.12	$2.14
🍚 Rice, 1 kg or 2.2 lb	$2.08	$1.16
🥚 Eggs, x12	$2.67	$2.02
🧀 Cheese, 1 kg or 2.2 lb	$13.2	$12.6
🐔 Chicken Breast, 1 kg or 2.2 lb	$7.23	$4.65
🥩 Round Steak, 1 kg or 2.2 lb	$10.4	$13.9
🍏 Apples, 1 kg or 2.2 lb	$3.11	$1.95
🍌 Banana, 1 kg or 2.2 lb	$1.54	$1.41
🍊 Oranges, 1 kg or 2.2 lb	$3.09	$1.71
🍅 Tomato, 1 kg or 2.2 lb	$2.94	$1.48
🥔 Potato, 1 kg or 2.2 lb	$2.19	$1.02
🧅 Onion, 1 kg or 2.2 lb	$2.5	$1.24
🌊 Water, 1 L or 1 qt	$1	$0.4
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$2.51	$1.08
🍾 Wine (mid-priced), 750 mL bottle	$9.03	$13.3
🍺 Beer, 0.5 L or 16 fl oz	$1.14	$0.92
🚬 Cigarette pack	$5.89	$3.95
💊 Cold medicince, 1 week	$10.5	$5.44
🧴 Hair Shampoo	$6.97	$5.98
🧻 Toilet paper, 4 rolls	$3.12	$1.69
👄 Toothpaste, 1 tube	$3.06	$1.96
Other
🏋️ Gym Membership, 1 month	$43.8	$43.7
🎫 Cinema Ticket, 1 person	$6.71	$7.07
👩‍⚕️ Doctor's visit	$49.1	$33.9
💇 Haircut, simple	$13.7	$10.4
👖 Brand Jeans	$54.3	$61.2
👟 Brand Sneakers	$90.2	$79.2
👶 Daycare or Preschool, 1 month	$437	$605
🏫 International Primary School, 1 year	$9531	$24117

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 Shenzhen

Distance	City	Cost of living
28 km or 17 mi	Kowloon	$2427
30 km or 19 mi	Hong Kong	$2753
58 km or 36 mi	Zhuhai	$641
65 km or 40 mi	Dongguan	$678
66 km or 41 mi	Macau	$1590
72 km or 45 mi	Zhongshan	$491
74 km or 46 mi	Huizhou	$629
100 km or 62 mi	Jiangmen	$830
105 km or 65 mi	Guangzhou	$763
112 km or 69 mi	Foshan	$602
134 km or 83 mi	Shanwei	$1014
142 km or 88 mi	Kaiping	$824
150 km or 93 mi	Heyuan	$801
164 km or 102 mi	Qingyuan	$808
174 km or 108 mi	Zhaoqing	$806
212 km or 131 mi	Yunfu	$839
228 km or 142 mi	Yangjiang	$895
233 km or 145 mi	Puning	$726
256 km or 159 mi	Shaoguan	$852
262 km or 163 mi	Jieyang	$691
286 km or 178 mi	Shantou	$605
288 km or 179 mi	Meizhou	$795
292 km or 182 mi	Chaozhou	$592
299 km or 186 mi	Wuzhou	$819
303 km or 188 mi	Lianzhou	$783
330 km or 205 mi	Hezhou	$780
337 km or 209 mi	Gaozhou	$774
337 km or 210 mi	Maoming	$774
377 km or 234 mi	Ganzhou	$813
378 km or 235 mi	Chenzhou	$746
401 km or 249 mi	Yulin	$794
405 km or 252 mi	Zhanjiang	$781
415 km or 258 mi	Longyan	$713
428 km or 266 mi	Zhangzhou	$731
460 km or 286 mi	Guigang	$725
464 km or 288 mi	Xiamen	$807
477 km or 297 mi	Haikou	$671
485 km or 301 mi	Kinmen	$821
489 km or 304 mi	Guilin	$538
502 km or 312 mi	Yongzhou	$618