Panama City vs Valencia, Spain - Cost of Living Comparison

Updated: March 02, 2025

	Panama City	Valencia
🚶 Cost of living one person	$1479	$1522
👨‍👩‍👧‍👦 Cost of living Family	$3609	$3404
🏠 One person rent	$846	$885
🏘️ Family rent	$1592	$1392
🍽️ Food expenses	$440	$409
🚐 Transport expenses	$83	$102
💳 Monthly salary after tax	$967	$1964
😷 Air quality	Good	Excellent
✈️ Airport proximity	7 km	9 km
🎓 Higher education	42	75
😀 Quality of life	67	83
🏙️ Population	881K	826K

The cost of living in Panama City is 3% less expensive than in Valencia, Spain. Cities ranked 3517th and 3333rd ($1479 vs $1522) in the list of the most expensive cities in the world and ranked 1st and 17th 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 1.3 months in Valencia, Spain. Panama City ranked 1st best city to live in Panama vs Valencia, Spain ranked 7th in Spain, while ranked 3734th and 440th among best cities to live in the world.

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Cost of living in Panama City vs Valencia, Spain infographic

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Prices in Panama City vs Valencia, Spain

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

	Panama City	Valencia
Eating Out
🍱 Lunch Menu	$10.4	$15.3
🥂 Dinner in a Restaurant, for 2	$48.5	$47.6
🥪 Fast food meal, equiv. McDonald's	$8.06	$10.7
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$2.97	$3.59
☕ Cappuccino	$3.99	$2.53
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$1.66	$2.08
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$891	$990
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$681	$731
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$1749	$1635
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$1344	$1154
🔌 Utility Bill one person, electricity, heating, water, etc.	$78	$74.9
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$121	$115
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$45.4	$27
🏦 Mortgage Interest Rate for 20 Years	6.28%	3.53%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$2551	$3590
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$1632	$2541
Transportation
🚌 Local transport ticket	$0.42	$1.57
🎟️ Monthly ticket local transport	$23.2	$32
🚕 Taxi Ride, 8 km or 5 mi	$14.3	$14.7
⛽ Gas / Petrol, 1 L or 0.26 gal	$0.96	$1.59
Groceries
🥛 Milk, 1 L or 1 qt	$1.8	$1.1
🍞 Bread, 0.5 kg or 1.1 lb	$2.19	$1.07
🍚 Rice, 1 kg or 2.2 lb	$2.33	$1.33
🥚 Eggs, x12	$2.77	$2.8
🧀 Cheese, 1 kg or 2.2 lb	$12.4	$10.6
🐔 Chicken Breast, 1 kg or 2.2 lb	$7.09	$7.81
🥩 Round Steak, 1 kg or 2.2 lb	$9.99	$12.5
🍏 Apples, 1 kg or 2.2 lb	$3.44	$2.37
🍌 Banana, 1 kg or 2.2 lb	$1.58	$1.69
🍊 Oranges, 1 kg or 2.2 lb	$2.89	$1.74
🍅 Tomato, 1 kg or 2.2 lb	$2.94	$2.09
🥔 Potato, 1 kg or 2.2 lb	$2.23	$1.67
🧅 Onion, 1 kg or 2.2 lb	$2.8	$1.71
🌊 Water, 1 L or 1 qt	$1.07	$0.42
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$2.31	$2.26
🍾 Wine (mid-priced), 750 mL bottle	$10	$5.48
🍺 Beer, 0.5 L or 16 fl oz	$1.29	$1.21
🚬 Cigarette pack	$5.98	$5.81
💊 Cold medicince, 1 week	$11.7	$9.28
🧴 Hair Shampoo	$7.94	$4.08
🧻 Toilet paper, 4 rolls	$3.37	$1.81
👄 Toothpaste, 1 tube	$3.71	$2.44
Other
🏋️ Gym Membership, 1 month	$45.3	$40.5
🎫 Cinema Ticket, 1 person	$7.22	$8.72
👩‍⚕️ Doctor's visit	$54.5	$65.6
💇 Haircut, simple	$12.9	$13.7
👖 Brand Jeans	$56.8	$92.1
👟 Brand Sneakers	$93.2	$86.7
👶 Daycare or Preschool, 1 month	$477	$534
🏫 International Primary School, 1 year	$13616	$9798

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 Valencia, Spain

Distance	City	Cost of living
25 km or 15 mi	Sagunto	$1220
36 km or 22 mi	Alzira	$1250
53 km or 33 mi	Borriana	$1150
57 km or 36 mi	Villarreal	$1131
58 km or 36 mi	Gandia	$1030
62 km or 39 mi	Requena	$1261
62 km or 39 mi	Castellon de la Plana	$1100
74 km or 46 mi	Ontinyent	$1249
81 km or 50 mi	Denia	$1406
98 km or 61 mi	Calp	$1480
102 km or 63 mi	Villena	$1254
106 km or 66 mi	Benidorm	$1356
114 km or 71 mi	Yecla	$1324
116 km or 72 mi	Elda	$1214
125 km or 78 mi	Novelda	$1213
125 km or 78 mi	Alicante	$1300
132 km or 82 mi	Vinaros	$1275
136 km or 85 mi	Elche	$1154
137 km or 85 mi	Jumilla	$1241
138 km or 86 mi	Albacete	$1209
165 km or 102 mi	Cuenca	$1084
168 km or 104 mi	Ibiza	$2528
168 km or 104 mi	Torrevieja	$1017
177 km or 110 mi	Murcia	$1138
193 km or 120 mi	Villarrobledo	$1235
199 km or 123 mi	Caravaca de la Cruz	$1221
214 km or 133 mi	Cartagena	$1068
223 km or 139 mi	Mazarron	$1161
229 km or 142 mi	Lorca	$1223
229 km or 143 mi	Tarragona	$1217
247 km or 153 mi	Zaragoza	$1101
254 km or 158 mi	Lleida	$1235
260 km or 161 mi	Palma de Mallorca	$1696
264 km or 164 mi	Vilanova i la Geltru	$1269
271 km or 168 mi	Guadalajara	$1056
279 km or 173 mi	Alcala de Henares	$1293
287 km or 178 mi	Torrejon de Ardoz	$1387
292 km or 181 mi	Coslada	$1530
292 km or 182 mi	Sant Boi de Llobregat	$1389
295 km or 183 mi	Cornella de Llobregat	$1434