Cost of living comparison

Caracas, Venezuela

compared to

Panama City, Panama

Panama City vs. Caracas Cost of Living Summary

Panama City is 88.9% more expensive than Caracas.

Restaurants: pay 7.8% less in Panama City
Groceries: pay 13.5% more in Panama City
Transportation: pay 2.6% more in Panama City
Housing: pay 4.5 times more in Panama City
Childcare: pay 3.3 times more in Panama City
Entertainment and Sports: pay 36.7% more in Panama City
Clothing: pay 3.8% less in Panama City

The cost of housing, childcare, entertainment and sports, groceries, and transportation in Panama City are more expensive than in Caracas. Expenses including restaurants and clothing are lower in Panama City. Notably, housing and childcare are significantly more expensive in Panama City.

Panama City vs. Caracas Cost Breakdown

If you lived in Panama City instead of Caracas, you would:

Display currency: USD

pay 7.8% less for restaurants

	Caracas	Panama City
Basic meal with drink at inexpensive restaurant	$15.00 VEF149.62	$13.25 PAB13.25	-11.7%
Fast food combo meal McDonalds, or similar	$12.00 VEF119.69	$8.00 PAB8.00	-33.3%
Bottle of Coca-Cola (11 fl. oz)	$1.78 VEF17.78	$1.86 PAB1.86	+4.2%
Bottle of water (11 fl. oz)	$1.29 VEF12.84	$1.41 PAB1.41	+9.6%
Average			-7.8%

Caracas vs. Panama City - Cost of restaurants

Improve prices · Change currency (USD)

pay 13.5% more for groceries

	Caracas	Panama City
Bread 1 loaf	$2.17 VEF21.64	$2.51 PAB2.51	+15.5%
Local cheese (8 oz)	$4.87 VEF48.61	$6.39 PAB6.39	+31.1%
Milk (1 gallon)	$7.73 VEF77.06	$6.80 PAB6.80	-12.0%
Eggs 1 dozen	$3.03 VEF30.26	$2.68 PAB2.68	-11.8%
Boneless chicken breast (1 lb)	$3.24 VEF32.36	$3.41 PAB3.41	+5.0%
Apples (1 lb)	$2.55 VEF25.43	$1.48 PAB1.48	-41.9%
Bananas (1 lb)	$0.66 VEF6.56	$0.72 PAB0.72	+9.9%
Oranges (1 lb)	$0.90 VEF8.97	$1.24 PAB1.24	+37.9%
Tomatoes (1 lb)	$0.75 VEF7.51	$1.40 PAB1.40	+85.5%
Potatoes (1 lb)	$1.01 VEF10.04	$0.98 PAB0.98	-2.2%
Onions (1 lb)	$0.87 VEF8.69	$1.15 PAB1.15	+31.5%
Average			+13.5%

Caracas vs. Panama City - Cost of groceries

Improve prices · Change currency (USD)

pay 2.6% more for transportation

	Caracas	Panama City
Gasoline (1 gallon)	$1.89 VEF18.88	$3.69 PAB3.69	+95.0%
Monthly public transit pass	$30.00 VEF299.24	$25.00 PAB25.00	-16.7%
New Volkswagen Golf 1.4 (standard edition)	$32,000.00 VEF319,184.03	$19,750.00 PAB19,750.00	-38.3%
Taxi trip in downtown area (5 miles)	$23.80 VEF237.39	$16.71 PAB16.71	-29.8%
Average			+2.6%

Caracas vs. Panama City - Cost of transportation

Improve prices · Change currency (USD)

pay 4.5 times more for housing

	Caracas	Panama City
Internet connection 50 mbps or faster, cable/dsl	$37.22 VEF371.27	$52.10 PAB52.10	+40.0%
1-Bedroom apartment in downtown area	$394.44 VEF3,934.39	$1,023.81 PAB1,023.81	+159.6%
1-Bedroom apartment outside city center	$366.67 VEF3,657.32	$755.88 PAB755.88	+106.1%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$7.90 VEF78.82	$94.84 PAB94.84	+1100.2%
Average			+351.5%

Caracas vs. Panama City - Cost of housing

Improve prices · Change currency (USD)

pay 3.3 times more for childcare

	Caracas	Panama City
Private preschool for 1 child, monthly	$98.67 VEF984.15	$439.17 PAB439.17	+345.1%
Middle school for 1 child, two semesters	$4,720.00 VEF47,079.64	$10,092.67 PAB10,092.67	+113.8%
Average			+229.5%

Caracas vs. Panama City - Cost of childcare

Improve prices · Change currency (USD)

pay 36.7% more for entertainment and sports

	Caracas	Panama City
Domestic/local beer (1 pint)	$1.50 VEF14.96	$3.00 PAB3.00	+100.0%
Cappuccino in mid-range area	$2.72 VEF27.12	$3.59 PAB3.59	+32.0%
Pack of cigarettes Marlboro or similar	$3.25 VEF32.42	$5.50 PAB5.50	+69.2%
Monthly membership at local gym	$71.88 VEF716.92	$47.27 PAB47.27	-34.2%
Movie ticket to theater/cinema	$6.00 VEF59.85	$7.00 PAB7.00	+16.7%
Average			+36.7%

Caracas vs. Panama City - Cost of entertainment and sports

Improve prices · Change currency (USD)

pay 3.8% less for clothing

	Caracas	Panama City
Regular jeans Levi's brand	$60.00 VEF598.47	$53.91 PAB53.91	-10.2%
Regular dress from H&M or similar store	$43.33 VEF432.23	$37.78 PAB37.78	-12.8%
Running shoes Nike or Adidas	$113.12 VEF1,128.37	$87.62 PAB87.62	-22.5%
Men's business shoes (leather)	$83.33 VEF831.21	$108.75 PAB108.75	+30.5%
Average			-3.8%

Caracas vs. Panama City - Cost of clothing

Improve prices · Change currency (USD)

The statistics used to build this comparison are calculated using data from users just like you. We average the price of thousands of data points entered by users across the world. Learn more about our data sources. Page last updated: June 2025

More cost comparisons

Caracas vs.

Reykjavik

Caracas vs.

Paris

Caracas vs.

Ottawa

Caracas vs.

Wellington

Caracas vs.

Vienna

Caracas vs.

Manila

Caracas vs.

Ankara

Caracas vs.

Lima

Share this

Compare countries by overall cost of living

See the cost of living in Venezuela vs. Panama. This provides a comparison of the average cost of living from cities within Venezuela and Panama.

Help us improve these prices

MyLifeElsewhere is a collaborative project. Please enter price information for your location to help assist us in making these comparisons more accurate. Learn more

Add prices for Caracas

Add prices for Panama City

ASK THE ELSEWHERE COMMUNITY

Join the Elsewhere community and ask a question about Panama City or Caracas. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.

Ask a question about Caracas

Ask a question about Panama City