Panama City vs Tenerife - Cost of Living Comparison

Updated:

Livingcost

Panama City Tenerife
🚶 Cost of living one person
$1384
$1707
👨‍👩‍👧‍👦 Cost of living Family
$3435
$3550
🏠 One person rent
$751
$1065
🏘️ Family rent
$1474
$1571
🍽️ Food expenses
$444
$393
🚐 Transport expenses
$84.4
$128
💳 Monthly salary after tax
$914
$1400
😷 Air quality
Good
Good
✈️ Airport proximity
7 km
25 km
🎓 Higher education
42
18
😀 Quality of life
66
61
🏙️ Population
881K
932K

The cost of living in Panama City is 19% less expensive than in Tenerife. Cities ranked 4139th and 2853rd ($1384 vs $1707) in the list of the most expensive cities in the world and ranked 1st and 10th in Panama and Spain, respectively. Check Panama vs Spain 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 Tenerife. Panama City ranked 1st best city to live in Panama vs Tenerife ranked 80th in Spain, while ranked 3919th and 5147th 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 Tenerife infographic

Share this infographic!

Prices in Panama City vs Tenerife

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

Panama City Tenerife
Eating Out
🍱 Lunch Menu
$12.3
$11.4
🥂 Dinner in a Restaurant, for 2
$55.2
$48
🥪 Fast food meal, equiv. McDonald's
$7.6
$9.14
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$2.94
$2.87
☕ Cappuccino
$4.25
$1.75
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$1.9
$1.64
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$827
$1109
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$577
$946
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$1757
$1649
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$1198
$1406
🔌 Utility Bill one person, electricity, heating, water, etc.
$76.7
$55.7
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$118
$85.5
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$47.4
$30.6
🏦 Mortgage Interest Rate for 20 Years
6.12%
3.45%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$2406
$2914
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$1535
$2073
Transportation
🚌 Local transport ticket
$0.35
$1.55
🎟️ Monthly ticket local transport
$26.2
$39.3
🚕 Taxi Ride, 8 km or 5 mi
$13.9
$19
⛽ Gas / Petrol, 1 L or 0.26 gal
$1.02
$1.61
Groceries
🥛 Milk, 1 L or 1 qt
$1.78
$1.13
🍞 Bread, 0.5 kg or 1.1 lb
$2.12
$1.78
🍚 Rice, 1 kg or 2.2 lb
$2.08
$1.58
🥚 Eggs, x12
$2.67
$3.2
🧀 Cheese, 1 kg or 2.2 lb
$13.2
$12.9
🐔 Chicken Breast, 1 kg or 2.2 lb
$7.23
$8.04
🥩 Round Steak, 1 kg or 2.2 lb
$10.4
$13.3
🍏 Apples, 1 kg or 2.2 lb
$3.11
$1.87
🍌 Banana, 1 kg or 2.2 lb
$1.54
$1.74
🍊 Oranges, 1 kg or 2.2 lb
$3.09
$1.61
🍅 Tomato, 1 kg or 2.2 lb
$2.94
$2.46
🥔 Potato, 1 kg or 2.2 lb
$2.19
$2.65
🧅 Onion, 1 kg or 2.2 lb
$2.5
$2.45
🌊 Water, 1 L or 1 qt
$1
$0.54
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.51
$2.08
🍾 Wine (mid-priced), 750 mL bottle
$9.03
$4.63
🍺 Beer, 0.5 L or 16 fl oz
$1.14
$1.25
🚬 Cigarette pack
$5.89
$4.67
💊 Cold medicince, 1 week
$10.5
$8.98
🧴 Hair Shampoo
$6.97
$2.92
🧻 Toilet paper, 4 rolls
$3.12
$1.83
👄 Toothpaste, 1 tube
$3.06
$2.06
Other
🏋️ Gym Membership, 1 month
$43.8
$48.2
🎫 Cinema Ticket, 1 person
$6.71
$6.76
👩‍⚕️ Doctor's visit
$49.1
$72.4
💇 Haircut, simple
$13.7
$11.5
👖 Brand Jeans
$54.3
$80.4
👟 Brand Sneakers
$90.2
$87.3
👶 Daycare or Preschool, 1 month
$437
$467
🏫 International Primary School, 1 year
$9531
$6379

Cost of living in other countries

Cost of living

More cities to compare

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 Tenerife

Distance City Cost of living
14 km or 8.7 mi La Orotava
$1660
17 km or 11 mi Puerto de la Cruz
$1764
37 km or 23 mi San Cristobal de La Laguna
$1391
41 km or 26 mi Santa Cruz de Tenerife
$1394
112 km or 69 mi Santa Lucia de Tirajana
$1336
116 km or 72 mi Las Palmas
$1353
269 km or 167 mi Puerto del Rosario
$1266
272 km or 169 mi Corralejo
$1592
308 km or 191 mi Arrecife
$1251
358 km or 222 mi Laayoune
$559
487 km or 302 mi Canico
$1431
488 km or 303 mi Funchal
$1469
488 km or 303 mi Camara de Lobos
$1419
490 km or 305 mi Santa Cruz
$1431
495 km or 307 mi Machico
$1421
715 km or 444 mi Taghazout
$522
721 km or 448 mi Agadir
$534
726 km or 451 mi Ait Melloul
$524
751 km or 467 mi Essaouira
$605
837 km or 520 mi Safi
$502
911 km or 566 mi Marrakesh
$651
951 km or 591 mi El Jadida
$512
1041 km or 647 mi Casablanca
$898
1061 km or 659 mi Khouribga
$415
1065 km or 662 mi Mohammedia
$667
1082 km or 672 mi Beni Mellal
$457
1116 km or 694 mi Temara
$639
1128 km or 701 mi Rabat
$747
1131 km or 703 mi Sale
$531
1135 km or 705 mi Nouakchott
$678
1161 km or 721 mi Kenitra
$550
1223 km or 760 mi Meknes
$498
1230 km or 764 mi Lagos
$1556
1241 km or 771 mi Portimao
$1229
1245 km or 774 mi Lagoa
$1337
1251 km or 777 mi Silves
$1395
1253 km or 779 mi Albufeira
$2047
1266 km or 787 mi Faro
$1163
1271 km or 790 mi Loule
$1436
1272 km or 791 mi Olhao
$1252