Panama City vs Tenerife - Cost of Living Comparison

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Livingcost

Panama City Tenerife
🚶 Cost of living one person
$1316
$1659
👨‍👩‍👧‍👦 Cost of living Family
$3171
$3383
🏠 One person rent
$709
$1051
🏘️ Family rent
$1291
$1530
🍽️ Food expenses
$426
$369
🚐 Transport expenses
$78
$124
💳 Monthly salary after tax
$901
$1379
😷 Air quality
Moderate
Good
✈️ Airport proximity
7 km
25 km
🎓 Higher education
42
18
😀 Quality of life
67
62
🏙️ Population
881K
932K

The cost of living in Panama City is 21% less expensive than in Tenerife. Cities ranked 4138th and 2824th ($1316 vs $1659) 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 74th in Spain, while ranked 3926th and 5100th among best cities to live in the world.

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Cost of living in Panama City vs Tenerife infographic

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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
$11.5
$10.7
🥂 Dinner in a Restaurant, for 2
$51.8
$46.4
🥪 Fast food meal, equiv. McDonald's
$7.97
$8.75
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$2.6
$2.79
☕ Cappuccino
$4.35
$1.7
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$1.75
$1.6
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$836
$1057
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$520
$913
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$1703
$1541
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$980
$1345
🔌 Utility Bill one person, electricity, heating, water, etc.
$78.2
$69.2
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$119
$106
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$47.6
$39.9
🏦 Mortgage Interest Rate for 20 Years
5.97%
3.48%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$2399
$2349
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$1457
$2016
Transportation
🚌 Local transport ticket
$0.35
$1.54
🎟️ Monthly ticket local transport
$25.9
$38.7
🚕 Taxi Ride, 8 km or 5 mi
$12
$18.1
⛽ Gas / Petrol, 1 L or 0.26 gal
$1.06
$1.56
Groceries
🥛 Milk, 1 L or 1 qt
$1.76
$1.26
🍞 Bread, 0.5 kg or 1.1 lb
$2.11
$1.4
🍚 Rice, 1 kg or 2.2 lb
$1.71
$1.49
🥚 Eggs, x12
$2.63
$2.95
🧀 Cheese, 1 kg or 2.2 lb
$11.9
$15.6
🐔 Chicken Breast, 1 kg or 2.2 lb
$7.45
$7.38
🥩 Round Steak, 1 kg or 2.2 lb
$8.87
$12.5
🍏 Apples, 1 kg or 2.2 lb
$2.91
$1.92
🍌 Banana, 1 kg or 2.2 lb
$1.37
$1.99
🍊 Oranges, 1 kg or 2.2 lb
$2.8
$1.51
🍅 Tomato, 1 kg or 2.2 lb
$2.81
$2.38
🥔 Potato, 1 kg or 2.2 lb
$2.1
$1.32
🧅 Onion, 1 kg or 2.2 lb
$2.02
$1.66
🌊 Water, 1 L or 1 qt
$0.98
$0.46
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.59
$2.02
🍾 Wine (mid-priced), 750 mL bottle
$9.98
$4.41
🍺 Beer, 0.5 L or 16 fl oz
$1.14
$1.22
🚬 Cigarette pack
$5.88
$4.46
💊 Cold medicince, 1 week
$9.43
$8.96
🧴 Hair Shampoo
$7.05
$2.72
🧻 Toilet paper, 4 rolls
$3.43
$1.74
👄 Toothpaste, 1 tube
$3.7
$1.79
Other
🏋️ Gym Membership, 1 month
$42
$42.7
🎫 Cinema Ticket, 1 person
$6.85
$6.47
👩‍⚕️ Doctor's visit
$48.6
$70
💇 Haircut, simple
$13.5
$11.5
👖 Brand Jeans
$54.3
$74.1
👟 Brand Sneakers
$86.9
$83.1
👶 Daycare or Preschool, 1 month
$408
$327
🏫 International Primary School, 1 year
$9581
$6126

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Cities near Panama City

Distance City Cost of living
8.1 km or 5 mi Balboa
$1189
16 km or 9.9 mi Tocumen
$1171
26 km or 16 mi Pacora
$1182
34 km or 21 mi La Chorrera
$917
59 km or 37 mi Colon
$1157
108 km or 67 mi Penonome
$940
154 km or 96 mi Chitre
$980
190 km or 118 mi Santiago de Veraguas
$961
321 km or 199 mi Turbo
$624
329 km or 204 mi David
$789
398 km or 247 mi Monteria
$633
403 km or 250 mi Limon
$1147
406 km or 252 mi Santa Cruz de Lorica
$573
452 km or 281 mi Sincelejo
$536
463 km or 288 mi Cartagena
$877
483 km or 300 mi Quibdo
$649
494 km or 307 mi Cartago
$1009
513 km or 319 mi San Jose
$1169
518 km or 322 mi Heredia
$1040
521 km or 324 mi Magangue
$582
526 km or 327 mi Bello
$778
529 km or 329 mi Alajuela
$1163
530 km or 329 mi Medellin
$867
534 km or 332 mi Envigado
$812
558 km or 347 mi Soledad
$851
559 km or 348 mi Barranquilla
$780
595 km or 370 mi Puntarenas
$1024
617 km or 383 mi Cartago
$639
617 km or 383 mi Cienaga
$661
623 km or 387 mi Manizales
$727
627 km or 390 mi Santa Teresa
$1114
627 km or 390 mi Pereira
$639
631 km or 392 mi Santa Marta
$705
632 km or 393 mi Buenaventura
$552
636 km or 395 mi Minca
$655
651 km or 404 mi Salento
$567
652 km or 405 mi Armenia
$551
657 km or 408 mi Tulua
$493
658 km or 409 mi Barrancabermeja
$592
675 km or 419 mi Liberia
$1220

Cities near Tenerife

Distance City Cost of living
14 km or 8.7 mi La Orotava
$1624
17 km or 11 mi Puerto de la Cruz
$1759
37 km or 23 mi San Cristobal de La Laguna
$1214
41 km or 26 mi Santa Cruz de Tenerife
$1206
112 km or 69 mi Santa Lucia de Tirajana
$1175
116 km or 72 mi Las Palmas
$1191
269 km or 167 mi Puerto del Rosario
$1423
272 km or 169 mi Corralejo
$1499
308 km or 191 mi Arrecife
$1327
358 km or 222 mi Laayoune
$536
487 km or 302 mi Canico
$1044
488 km or 303 mi Funchal
$1009
488 km or 303 mi Camara de Lobos
$1047
490 km or 305 mi Santa Cruz
$1048
495 km or 307 mi Machico
$1046
715 km or 444 mi Taghazout
$516
721 km or 448 mi Agadir
$533
726 km or 451 mi Ait Melloul
$508
751 km or 467 mi Essaouira
$625
837 km or 520 mi Safi
$470
911 km or 566 mi Marrakesh
$609
951 km or 591 mi El Jadida
$503
1041 km or 647 mi Casablanca
$826
1061 km or 659 mi Khouribga
$437
1065 km or 662 mi Mohammedia
$627
1082 km or 672 mi Beni Mellal
$445
1116 km or 694 mi Temara
$574
1128 km or 701 mi Rabat
$717
1131 km or 703 mi Sale
$533
1135 km or 705 mi Nouakchott
$618
1161 km or 721 mi Kenitra
$520
1223 km or 760 mi Meknes
$424
1230 km or 764 mi Lagos
$1416
1241 km or 771 mi Portimao
$1251
1245 km or 774 mi Lagoa
$1332
1251 km or 777 mi Silves
$1392
1253 km or 779 mi Albufeira
$2218
1266 km or 787 mi Faro
$1318
1271 km or 790 mi Loule
$1494
1272 km or 791 mi Olhao
$1328