Panama City vs Valencia, Spain - Cost of Living Comparison

Updated: October 14, 2025

	Panama City	Valencia
🚶 Cost of living one person	$1560	$1703
👨‍👩‍👧‍👦 Cost of living Family	$3547	$3895
🏠 One person rent	$943	$962
🏘️ Family rent	$1558	$1528
🍽️ Food expenses	$429	$483
🚐 Transport expenses	$78.4	$117
💳 Monthly salary after tax	$982	$2415
😷 Air quality	Excellent	Excellent
✈️ Airport proximity	7 km	9 km
🎓 Higher education	43	75
😀 Quality of life	71	89
🏙️ Population	410K	826K

The cost of living in Panama City is 8% less expensive than in Valencia, Spain. Cities ranked 3737th and 3105th ($1560 vs $1703) in the list of the most expensive cities in the world and ranked 1st and 12th in Panama and Spain, respectively. Check Panama vs Spain comparison.

The average after-tax salary is enough to cover living expenses for 0.6 months in Panama City compared to 1.4 months in Valencia, Spain. Panama City ranked 1st best city to live in Panama vs Valencia, Spain ranked 3rd in Spain, while ranked 3765th and 262nd 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	$10.6	$15.4
🥂 Dinner in a Restaurant, for 2	$45.7	$55.3
🥪 Fast food meal, equiv. McDonald's	$8.08	$12.9
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$2.93	$4.23
☕ Cappuccino	$4.03	$2.97
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$1.69	$2.58
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$1015	$1057
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$759	$793
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$1675	$1871
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$1306	$1236
🔌 Utility Bill one person, electricity, heating, water, etc.	$86.4	$86.9
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$133	$136
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$45.5	$29.2
🏦 Mortgage Interest Rate for 20 Years	6.41%	3.45%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$2662	$4334
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$1618	$2953
Transportation
🚌 Local transport ticket	$0.35	$2.32
🎟️ Monthly ticket local transport	$23.2	$35.1
🚕 Taxi Ride, 8 km or 5 mi	$20.5	$16.7
⛽ Gas / Petrol, 1 L or 0.26 gal	$0.97	$1.78
Groceries
🥛 Milk, 1 L or 1 qt	$1.79	$1.24
🍞 Bread, 0.5 kg or 1.1 lb	$2.25	$1.26
🍚 Rice, 1 kg or 2.2 lb	$2.11	$1.47
🥚 Eggs, x12	$3.17	$3.27
🧀 Cheese, 1 kg or 2.2 lb	$11.7	$11.9
🐔 Chicken Breast, 1 kg or 2.2 lb	$6.81	$8.46
🥩 Round Steak, 1 kg or 2.2 lb	$9.86	$14.1
🍏 Apples, 1 kg or 2.2 lb	$3.27	$2.74
🍌 Banana, 1 kg or 2.2 lb	$1.52	$1.83
🍊 Oranges, 1 kg or 2.2 lb	$3.27	$1.95
🍅 Tomato, 1 kg or 2.2 lb	$3.05	$2.43
🥔 Potato, 1 kg or 2.2 lb	$2.34	$1.91
🧅 Onion, 1 kg or 2.2 lb	$3.26	$2.03
🌊 Water, 1 L or 1 qt	$1.05	$0.49
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$2.44	$2.76
🍾 Wine (mid-priced), 750 mL bottle	$11.2	$6.24
🍺 Beer, 0.5 L or 16 fl oz	$1.38	$1.42
🚬 Cigarette pack	$5.92	$7
💊 Cold medicince, 1 week	$8.17	$18.4
🧴 Hair Shampoo	$8.06	$4.48
🧻 Toilet paper, 4 rolls	$2.98	$2.01
👄 Toothpaste, 1 tube	$3.05	$2.65
Other
🏋️ Gym Membership, 1 month	$42.6	$50.1
🎫 Cinema Ticket, 1 person	$7.32	$9.81
👩‍⚕️ Doctor's visit	$58.4	$63.5
💇 Haircut, simple	$14.3	$15.3
👖 Brand Jeans	$54	$112
👟 Brand Sneakers	$91.3	$101
👶 Daycare or Preschool, 1 month	$477	$594
🏫 International Primary School, 1 year	$15637	$12255

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 Valencia, Spain

Distance	City	Cost of living
25 km or 15 mi	Sagunto	$1363
36 km or 22 mi	Alzira	$1342
53 km or 33 mi	Borriana	$1239
57 km or 36 mi	Villarreal	$1212
58 km or 36 mi	Gandia	$1148
62 km or 39 mi	Requena	$1407
62 km or 39 mi	Castellon de la Plana	$1158
74 km or 46 mi	Ontinyent	$1356
81 km or 50 mi	Denia	$1635
98 km or 61 mi	Calp	$1558
102 km or 63 mi	Villena	$1354
106 km or 66 mi	Benidorm	$1446
114 km or 71 mi	Yecla	$1320
116 km or 72 mi	Elda	$1341
125 km or 78 mi	Novelda	$1341
125 km or 78 mi	Alicante	$1461
132 km or 82 mi	Vinaros	$1468
136 km or 85 mi	Elche	$1277
137 km or 85 mi	Jumilla	$1345
138 km or 86 mi	Albacete	$1464
165 km or 102 mi	Cuenca	$1217
168 km or 104 mi	Ibiza	$2804
168 km or 104 mi	Torrevieja	$1188
177 km or 110 mi	Murcia	$1305
193 km or 120 mi	Villarrobledo	$1400
199 km or 123 mi	Caravaca de la Cruz	$1344
214 km or 133 mi	Cartagena	$1206
223 km or 139 mi	Mazarron	$1166
229 km or 142 mi	Lorca	$1306
229 km or 143 mi	Tarragona	$1445
247 km or 153 mi	Zaragoza	$1457
254 km or 158 mi	Lleida	$1229
260 km or 161 mi	Palma de Mallorca	$1930
264 km or 164 mi	Vilanova i la Geltru	$1408
271 km or 168 mi	Guadalajara	$1194
279 km or 173 mi	Alcala de Henares	$1573
287 km or 178 mi	Torrejon de Ardoz	$1581
292 km or 181 mi	Coslada	$1674
292 km or 182 mi	Sant Boi de Llobregat	$1557
295 km or 183 mi	Cornella de Llobregat	$1603