Cost of living in Panama City (Panama) is 52% 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 432 prices entered by 38 different people.
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Currency:
| Food | + 96% | |||
|---|---|---|---|---|
| Food in Panama City (Panama) is 96% more expensive than in Ibarra (Ecuador) | ||||
| Update prices | Update prices | |||
| Panama City | Ibarra | Diff | ||
| Basic lunchtime menu (including a drink) in the business district | 15 B/. ($15) | $3.70 | + 311% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 8 B/. ($8) | $4.80 | + 63% | |
| 500 gr (1 lb.) of boneless chicken breast | 3.38 B/. ($3.39) | $2.30 | + 47% | |
| 1 liter (1 qt.) of whole fat milk | 1.79 B/. ($1.79) | $1.05 | + 71% | |
| 12 eggs, large | 3.15 B/. ($3.15) | $1.83 | + 72% | |
| 1 kg (2 lb.) of tomatoes | 2.62 B/. ($2.63) | $1.09 | + 140% | |
| 500 gr (16 oz.) of local cheese | 6 B/. ($6) | $3.56 | + 81% | |
| 1 kg (2 lb.) of apples | 2.80 B/. ($2.80) | $1.35 | + 107% | |
| 1 kg (2 lb.) of potatoes | 2.46 B/. ($2.46) | $0.76 | + 225% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 1.50 B/. ($1.50) | $1.23 | + 22% | |
| 1 bottle of red table wine, good quality | 12 B/. ($12) | $10 | + 18% | |
| 2 liters of coca-cola | 2.43 B/. ($2.43) | $1.64 | + 49% | |
| Bread for 2 people for 1 day | 1.55 B/. ($1.55) | $0.87 | + 77% | |
| Housing | + 109% | |||
| Housing in Panama City (Panama) is 109% 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 | 1,591 B/. ($1,592) | $546 | + 192% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 962 B/. ($962) | $363 | + 165% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 135 B/. ($135) | $40 | + 237% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 1,033 B/. ($1,034) | $386 | + 168% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 634 B/. ($634) | $227 | + 180% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 90 B/. ($90) | $44 | + 105% | |
| Internet 8 mbps (1 month) | 38 B/. ($38) | $33 | + 16% | |
| 40” flat screen tv | 299 B/. ($299) | $654 | - 54% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 107 B/. ($107) | $147 | - 28% | |
| Laundry detergent (3 l. ~ 100 oz.) | 9 B/. ($9) | $5.18 | + 83% | |
| Hourly rate for cleaning help | 12 B/. ($12) | $7 | + 66% | |
| Clothes | - 9% | |||
| Clothes in Panama City (Panama) is 9% cheaper than in Ibarra (Ecuador) | ||||
| Update prices | Update prices | |||
| Panama City | Ibarra | Diff | ||
| 1 pair of jeans (levis 501 or similar) | 57 B/. ($57) | $73 | - 22% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 43 B/. ($43) | $42 | + 3% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 93 B/. ($93) | $123 | - 25% | |
| 1 pair of men’s leather business shoes | 100 B/. ($100) | $75 | + 33% | |
| Transportation | + 4% | |||
| Transportation in Panama City (Panama) is about the same as in Ibarra (Ecuador) | ||||
| Update prices | Update prices | |||
| Panama City | Ibarra | Diff | ||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 22,225 B/. ($22,229) | $29,239 | - 24% | |
| 1 liter (1/4 gallon) of gas | 1.10 B/. ($1.10) | $0.85 | + 29% | |
| Monthly ticket public transport | 24 B/. ($24) | $19 | + 26% | |
| Taxi trip on a business day, basic tariff, 8 km. (5 miles) | 10 B/. ($10) | $12 | - 15% | |
| Personal Care | + 68% | |||
| Personal Care in Panama City (Panama) is 68% 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) | 9 B/. ($9) | $5.21 | + 69% | |
| 1 box of antibiotics (12 doses) | 23 B/. ($23) | $10 | + 142% | |
| Short visit to private doctor (15 minutes) | 55 B/. ($55) | $30 | + 83% | |
| 1 box of 32 tampons (tampax, ob, ...) | 8 B/. ($8) | $5.30 | + 48% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 4.26 B/. ($4.26) | $4.31 | - 1% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 8 B/. ($8) | $5.02 | + 51% | |
| 4 rolls of toilet paper | 2.95 B/. ($2.95) | $1.54 | + 92% | |
| Tube of toothpaste | 3.04 B/. ($3.04) | $1.43 | + 113% | |
| Standard men's haircut in expat area of the city | 18 B/. ($18) | $5.52 | + 232% | |
| Entertainment | + 36% | |||
| Entertainment in Panama City (Panama) is 36% more expensive than in Ibarra (Ecuador) | ||||
| Update prices | Update prices | |||
| Panama City | Ibarra | Diff | ||
| Basic dinner out for two in neighborhood pub | 36 B/. ($36) | $18 | + 105% | |
| 2 tickets to the movies | 11 B/. ($11) | $12 | - 11% | |
| 2 tickets to the theater (best available seats) | 34 B/. ($34) | - | - | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 64 B/. ($64) | $28 | + 132% | |
| 1 cocktail drink in downtown club | 11 B/. ($11) | $4.68 | + 127% | |
| Cappuccino in expat area of the city | 5.10 B/. ($5.10) | $3.00 | + 70% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 2.82 B/. ($2.82) | $1.90 | + 49% | |
| Ipad wi-fi 128gb | 689 B/. ($689) | $516 | + 33% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 0.34 B/. ($0.34) | $0.37 | - 7% | |
| 1 month of gym membership in business district | 52 B/. ($52) | $29 | + 80% | |
| 1 package of marlboro cigarettes | 6 B/. ($6) | $5.47 | + 11% | |
 |
TOTAL | + 52% | ||
WARNING! This comparison is based on only a few data points. At this point it is only a guess. It is based on 432 prices entered by 38 different people.
These prices were last updated on July 14, 2025.
Exchange rate:
1.000
USD
/
PAB
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For example, you would need at least $2,280 (2,280 B/.) in Panama City to maintain the same standard of living that you can have with $1,500 in Ibarra.
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