Cost of living in Panama City (Panama) is 39% more expensive than in Quito (Ecuador)
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This comparison is based on abundant and consistent data. It is based on 1,545 prices entered by 143 different people.
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Currency:
| Food | + 46% | |||
|---|---|---|---|---|
| Food in Panama City (Panama) is 46% more expensive than in Quito (Ecuador) | ||||
| Update prices | Update prices | |||
| Panama City | Quito | Diff | ||
| Basic lunchtime menu (including a drink) in the business district | 20 B/. ($20) | $10 | + 101% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 8 B/. ($8) | $7 | + 8% | |
| 500 gr (1 lb.) of boneless chicken breast | 3.82 B/. ($3.83) | $2.73 | + 40% | |
| 1 liter (1 qt.) of whole fat milk | 1.70 B/. ($1.70) | $1.06 | + 61% | |
| 12 eggs, large | 2.69 B/. ($2.70) | $2.62 | + 3% | |
| 1 kg (2 lb.) of tomatoes | 2.39 B/. ($2.40) | $1.22 | + 96% | |
| 500 gr (16 oz.) of local cheese | 8 B/. ($8) | $4.83 | + 75% | |
| 1 kg (2 lb.) of apples | 2.75 B/. ($2.76) | $2.14 | + 29% | |
| 1 kg (2 lb.) of potatoes | 1.99 B/. ($2.00) | $1.38 | + 44% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 1.42 B/. ($1.43) | $1.46 | - 2% | |
| 1 bottle of red table wine, good quality | 14 B/. ($14) | $15 | - 2% | |
| 2 liters of coca-cola | 2.47 B/. ($2.48) | $2.27 | + 9% | |
| Bread for 2 people for 1 day | 1.77 B/. ($1.78) | $0.89 | + 101% | |
| Housing | + 98% | |||
| Housing in Panama City (Panama) is 98% more expensive than in Quito (Ecuador) | ||||
| Update prices | Update prices | |||
| Panama City | Quito | Diff | ||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 1,583 B/. ($1,590) | $667 | + 138% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 923 B/. ($927) | $383 | + 142% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 131 B/. ($131) | $47 | + 177% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 1,012 B/. ($1,017) | $436 | + 133% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 608 B/. ($611) | $279 | + 119% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 88 B/. ($88) | $25 | + 245% | |
| Internet 8 mbps (1 month) | 48 B/. ($48) | $25 | + 98% | |
| 40” flat screen tv | 337 B/. ($338) | $510 | - 34% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 110 B/. ($111) | $156 | - 29% | |
| Laundry detergent (3 l. ~ 100 oz.) | 9 B/. ($9) | $8 | + 17% | |
| Hourly rate for cleaning help | 5.54 B/. ($5.56) | $12 | - 53% | |
| Clothes | - 41% | |||
| Clothes in Panama City (Panama) is 41% cheaper than in Quito (Ecuador) | ||||
| Update prices | Update prices | |||
| Panama City | Quito | Diff | ||
| 1 pair of jeans (levis 501 or similar) | 49 B/. ($50) | $75 | - 34% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 34 B/. ($34) | $69 | - 50% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 92 B/. ($92) | $119 | - 22% | |
| 1 pair of men’s leather business shoes | 94 B/. ($94) | $106 | - 11% | |
| Transportation | + 40% | |||
| Transportation in Panama City (Panama) is 40% more expensive than in Quito (Ecuador) | ||||
| Update prices | Update prices | |||
| Panama City | Quito | Diff | ||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 22,776 B/. ($22,873) | $22,370 | + 2% | |
| 1 liter (1/4 gallon) of gas | 1.30 B/. ($1.30) | $0.88 | + 48% | |
| Monthly ticket public transport | 42 B/. ($42) | $25 | + 69% | |
| Taxi trip on a business day, basic tariff, 8 km. (5 miles) | 11 B/. ($11) | $8 | + 40% | |
| Personal Care | + 47% | |||
| Personal Care in Panama City (Panama) is 47% more expensive than in Quito (Ecuador) | ||||
| Update prices | Update prices | |||
| Panama City | Quito | Diff | ||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 7 B/. ($7) | $6 | + 18% | |
| 1 box of antibiotics (12 doses) | 29 B/. ($29) | $12 | + 149% | |
| Short visit to private doctor (15 minutes) | 51 B/. ($51) | $43 | + 19% | |
| 1 box of 32 tampons (tampax, ob, ...) | 7 B/. ($7) | $7 | + 4% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 5.17 B/. ($5.20) | $4.68 | + 11% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 8 B/. ($8) | $7 | + 11% | |
| 4 rolls of toilet paper | 4.20 B/. ($4.22) | $2.43 | + 74% | |
| Tube of toothpaste | 4.12 B/. ($4.14) | $1.77 | + 133% | |
| Standard men's haircut in expat area of the city | 17 B/. ($17) | $14 | + 22% | |
| Entertainment | + 12% | |||
| Entertainment in Panama City (Panama) is 12% more expensive than in Quito (Ecuador) | ||||
| Update prices | Update prices | |||
| Panama City | Quito | Diff | ||
| Basic dinner out for two in neighborhood pub | 32 B/. ($32) | $25 | + 25% | |
| 2 tickets to the movies | 13 B/. ($13) | $13 | + 3% | |
| 2 tickets to the theater (best available seats) | 43 B/. ($44) | $45 | - 4% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 53 B/. ($53) | $55 | - 4% | |
| 1 cocktail drink in downtown club | 10 B/. ($10) | $11 | - 14% | |
| Cappuccino in expat area of the city | 5.75 B/. ($5.78) | $3.50 | + 65% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 3.19 B/. ($3.20) | $2.45 | + 31% | |
| Ipad wi-fi 128gb | 699 B/. ($702) | $682 | + 3% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 0.33 B/. ($0.33) | $0.16 | + 108% | |
| 1 month of gym membership in business district | 53 B/. ($53) | $79 | - 33% | |
| 1 package of marlboro cigarettes | 5.97 B/. ($5.99) | $5.36 | + 12% | |
 |
TOTAL | + 39% | ||
These prices were last updated on March 20, 2023.
Exchange rate:
1.004
USD
/
PAB
This comparison is based on abundant and consistent data. It is based on 1,545 prices entered by 143 different people.
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