Cost of living in Panama City (Panama) is 49% more expensive than in Ibarra (Ecuador)
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WARNING! This comparison is based on only a few data points. At this point it is only a guess. It is based on 640 prices entered by 74 different people.
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| Food | + 97% | |||
|---|---|---|---|---|
| Food in Panama City (Panama) is 97% more expensive than in Ibarra (Ecuador) | ||||
| Update prices | Update prices | |||
| Panama City | Ibarra | Diff | ||
| Basic lunchtime menu (including a drink) in the business district | 19 B/. ($19) | $3.39 | + 463% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 7 B/. ($7) | $4.77 | + 56% | |
| 500 gr (1 lb.) of boneless chicken breast | 3.14 B/. ($3.15) | $2.03 | + 55% | |
| 1 liter (1 qt.) of whole fat milk | 1.78 B/. ($1.78) | $1.11 | + 61% | |
| 12 eggs, large | 2.80 B/. ($2.80) | $1.86 | + 51% | |
| 1 kg (2 lb.) of tomatoes | 2.12 B/. ($2.12) | $1.14 | + 87% | |
| 500 gr (16 oz.) of local cheese | 7 B/. ($7) | $3.17 | + 130% | |
| 1 kg (2 lb.) of apples | 3.44 B/. ($3.45) | $1.64 | + 110% | |
| 1 kg (2 lb.) of potatoes | 1.85 B/. ($1.85) | - | - | |
| 0.5 l (16 oz) domestic beer in the supermarket | 1.92 B/. ($1.92) | $1.14 | + 68% | |
| 1 bottle of red table wine, good quality | 12 B/. ($12) | $14 | - 17% | |
| 2 liters of coca-cola | 2.47 B/. ($2.47) | $1.85 | + 34% | |
| Bread for 2 people for 1 day | 1.76 B/. ($1.76) | $0.94 | + 88% | |
| Housing | + 83% | |||
| Housing in Panama City (Panama) is 83% more expensive than in Ibarra (Ecuador) | ||||
| Update prices | Update prices | |||
| Panama City | Ibarra | Diff | ||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 1,358 B/. ($1,360) | $526 | + 159% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 853 B/. ($854) | $332 | + 157% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 109 B/. ($109) | $41 | + 169% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 925 B/. ($926) | $387 | + 139% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 585 B/. ($586) | $200 | + 193% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 83 B/. ($83) | $35 | + 140% | |
| Internet 8 mbps (1 month) | 41 B/. ($41) | $37 | + 10% | |
| 40” flat screen tv | 332 B/. ($333) | $981 | - 66% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 109 B/. ($109) | $202 | - 46% | |
| Laundry detergent (3 l. ~ 100 oz.) | 7 B/. ($7) | - | - | |
| Hourly rate for cleaning help | 15 B/. ($15) | $7 | + 96% | |
| Clothes | - 34% | |||
| Clothes in Panama City (Panama) is 34% cheaper than in Ibarra (Ecuador) | ||||
| Update prices | Update prices | |||
| Panama City | Ibarra | Diff | ||
| 1 pair of jeans (levis 501 or similar) | 44 B/. ($44) | $83 | - 46% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 33 B/. ($34) | $50 | - 33% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 81 B/. ($82) | $131 | - 38% | |
| 1 pair of men’s leather business shoes | 84 B/. ($84) | $85 | - 1% | |
| Transportation | + 40% | |||
| Transportation in Panama City (Panama) is 40% more expensive than in Ibarra (Ecuador) | ||||
| Update prices | Update prices | |||
| Panama City | Ibarra | Diff | ||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 22,346 B/. ($22,371) | - | - | |
| 1 liter (1/4 gallon) of gas | 1.28 B/. ($1.28) | - | - | |
| Monthly ticket public transport | 42 B/. ($42) | $16 | + 155% | |
| Taxi trip on a business day, basic tariff, 8 km. (5 miles) | 11 B/. ($11) | $11 | - 6% | |
| Personal Care | + 38% | |||
| Personal Care in Panama City (Panama) is 38% more expensive than in Ibarra (Ecuador) | ||||
| Update prices | Update prices | |||
| Panama City | Ibarra | Diff | ||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 8 B/. ($8) | - | - | |
| 1 box of antibiotics (12 doses) | 28 B/. ($28) | - | - | |
| Short visit to private doctor (15 minutes) | 69 B/. ($69) | $30 | + 130% | |
| 1 box of 32 tampons (tampax, ob, ...) | 8 B/. ($8) | $4.03 | + 110% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 5.05 B/. ($5.06) | - | - | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 7 B/. ($7) | - | - | |
| 4 rolls of toilet paper | 3.05 B/. ($3.06) | $1.70 | + 80% | |
| Tube of toothpaste | 3.71 B/. ($3.71) | - | - | |
| Standard men's haircut in expat area of the city | 18 B/. ($18) | $5.59 | + 214% | |
| Entertainment | + 13% | |||
| Entertainment in Panama City (Panama) is 13% more expensive than in Ibarra (Ecuador) | ||||
| Update prices | Update prices | |||
| Panama City | Ibarra | Diff | ||
| Basic dinner out for two in neighborhood pub | 26 B/. ($26) | - | - | |
| 2 tickets to the movies | 13 B/. ($13) | $13 | - 2% | |
| 2 tickets to the theater (best available seats) | 45 B/. ($45) | - | - | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 45 B/. ($45) | $27 | + 64% | |
| 1 cocktail drink in downtown club | 9 B/. ($9) | $5.26 | + 72% | |
| Cappuccino in expat area of the city | 5.46 B/. ($5.46) | $3.00 | + 82% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 3.32 B/. ($3.32) | $1.83 | + 81% | |
| Ipad wi-fi 128gb | 755 B/. ($756) | - | - | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 0.29 B/. ($0.29) | - | - | |
| 1 month of gym membership in business district | 53 B/. ($53) | - | - | |
| 1 package of marlboro cigarettes | 5.99 B/. ($6) | $5.66 | + 6% | |
 |
TOTAL | + 49% | ||
WARNING! This comparison is based on only a few data points. At this point it is only a guess. It is based on 640 prices entered by 74 different people.
These prices were last updated on December 08, 2022.
Exchange rate:
1.001
USD
/
PAB
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For example, you would need at least $2,531 (2,528 B/.) in Panama City to maintain the same standard of living that you can have with $1,700 in Ibarra.
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