Cost of living in Panama City (Panama) is 56% more expensive than in Guayaquil (Ecuador)
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This comparison is based on abundant and consistent data. It is based on 1,565 prices entered by 137 different people.
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Currency:
| Food | + 53% | |||
|---|---|---|---|---|
| Food in Panama City (Panama) is 53% more expensive than in Guayaquil (Ecuador) | ||||
| Update prices | Update prices | |||
| Panama City | Guayaquil | Diff | ||
| Basic lunchtime menu (including a drink) in the business district | 20 B/. ($20) | $11 | + 73% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 8 B/. ($8) | $7 | + 13% | |
| 500 gr (1 lb.) of boneless chicken breast | 3.82 B/. ($3.82) | $2.48 | + 54% | |
| 1 liter (1 qt.) of whole fat milk | 1.70 B/. ($1.70) | $1.08 | + 57% | |
| 12 eggs, large | 2.69 B/. ($2.69) | $2.05 | + 31% | |
| 1 kg (2 lb.) of tomatoes | 2.39 B/. ($2.39) | $0.95 | + 151% | |
| 500 gr (16 oz.) of local cheese | 8 B/. ($8) | $3.49 | + 142% | |
| 1 kg (2 lb.) of apples | 2.75 B/. ($2.75) | $1.83 | + 51% | |
| 1 kg (2 lb.) of potatoes | 1.99 B/. ($1.99) | $0.86 | + 132% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 1.42 B/. ($1.42) | $1.24 | + 15% | |
| 1 bottle of red table wine, good quality | 14 B/. ($14) | $16 | - 9% | |
| 2 liters of coca-cola | 2.47 B/. ($2.47) | $1.81 | + 37% | |
| Bread for 2 people for 1 day | 1.77 B/. ($1.77) | $0.88 | + 101% | |
| Housing | + 90% | |||
| Housing in Panama City (Panama) is 90% more expensive than in Guayaquil (Ecuador) | ||||
| Update prices | Update prices | |||
| Panama City | Guayaquil | Diff | ||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 1,583 B/. ($1,584) | $702 | + 126% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 923 B/. ($924) | $417 | + 121% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 131 B/. ($131) | $57 | + 131% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 1,012 B/. ($1,013) | $541 | + 87% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 608 B/. ($609) | $299 | + 103% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 88 B/. ($88) | $42 | + 111% | |
| Internet 8 mbps (1 month) | 48 B/. ($48) | $24 | + 98% | |
| 40” flat screen tv | 337 B/. ($337) | $467 | - 28% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 110 B/. ($110) | $123 | - 10% | |
| Laundry detergent (3 l. ~ 100 oz.) | 9 B/. ($9) | $5.40 | + 66% | |
| Hourly rate for cleaning help | 5.54 B/. ($5.54) | $10 | - 43% | |
| Clothes | - 6% | |||
| Clothes in Panama City (Panama) is 6% cheaper than in Guayaquil (Ecuador) | ||||
| Update prices | Update prices | |||
| Panama City | Guayaquil | Diff | ||
| 1 pair of jeans (levis 501 or similar) | 49 B/. ($49) | $52 | - 5% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 34 B/. ($34) | $39 | - 13% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 92 B/. ($92) | $101 | - 9% | |
| 1 pair of men’s leather business shoes | 94 B/. ($94) | $63 | + 48% | |
| Transportation | + 51% | |||
| Transportation in Panama City (Panama) is 51% more expensive than in Guayaquil (Ecuador) | ||||
| Update prices | Update prices | |||
| Panama City | Guayaquil | Diff | ||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 22,776 B/. ($22,785) | $16,992 | + 34% | |
| 1 liter (1/4 gallon) of gas | 1.30 B/. ($1.30) | $0.85 | + 53% | |
| Monthly ticket public transport | 42 B/. ($42) | $23 | + 77% | |
| Taxi trip on a business day, basic tariff, 8 km. (5 miles) | 11 B/. ($11) | $13 | - 18% | |
| Personal Care | + 99% | |||
| Personal Care in Panama City (Panama) is 99% more expensive than in Guayaquil (Ecuador) | ||||
| Update prices | Update prices | |||
| Panama City | Guayaquil | Diff | ||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 7 B/. ($7) | $4.23 | + 71% | |
| 1 box of antibiotics (12 doses) | 29 B/. ($29) | $7 | + 338% | |
| Short visit to private doctor (15 minutes) | 51 B/. ($51) | $30 | + 69% | |
| 1 box of 32 tampons (tampax, ob, ...) | 7 B/. ($7) | $3.08 | + 119% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 5.17 B/. ($5.18) | $3.40 | + 52% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 8 B/. ($8) | $7 | + 18% | |
| 4 rolls of toilet paper | 4.20 B/. ($4.20) | $1.65 | + 155% | |
| Tube of toothpaste | 4.12 B/. ($4.12) | $1.36 | + 204% | |
| Standard men's haircut in expat area of the city | 17 B/. ($17) | $17 | - 1% | |
| Entertainment | + 32% | |||
| Entertainment in Panama City (Panama) is 32% more expensive than in Guayaquil (Ecuador) | ||||
| Update prices | Update prices | |||
| Panama City | Guayaquil | Diff | ||
| Basic dinner out for two in neighborhood pub | 32 B/. ($32) | $14 | + 127% | |
| 2 tickets to the movies | 13 B/. ($13) | $11 | + 17% | |
| 2 tickets to the theater (best available seats) | 43 B/. ($43) | $61 | - 29% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 53 B/. ($53) | $47 | + 11% | |
| 1 cocktail drink in downtown club | 10 B/. ($10) | $9 | + 7% | |
| Cappuccino in expat area of the city | 5.75 B/. ($5.76) | $3.19 | + 80% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 3.19 B/. ($3.19) | $1.25 | + 155% | |
| Ipad wi-fi 128gb | 700 B/. ($700) | $801 | - 13% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 0.33 B/. ($0.33) | $0.19 | + 75% | |
| 1 month of gym membership in business district | 53 B/. ($53) | $43 | + 22% | |
| 1 package of marlboro cigarettes | 5.90 B/. ($5.91) | $3.22 | + 83% | |
 |
TOTAL | + 56% | ||
These prices were last updated on March 28, 2023.
Exchange rate:
1.000
USD
/
PAB
This comparison is based on abundant and consistent data. It is based on 1,565 prices entered by 137 different people.
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