Cost of living comparison
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.
If you lived in Panama City instead of Caracas, you would:
pay 7.8% less for restaurants
Caracas
|
Panama City
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$15.00
VEF149.62
|
$13.25
PAB13.25
|
|
Fast food combo meal
McDonalds, or similar
|
$12.00
VEF119.69
|
$8.00
PAB8.00
|
|
Bottle of Coca-Cola (11 fl. oz) |
$1.78
VEF17.78
|
$1.86
PAB1.86
|
|
Bottle of water (11 fl. oz) |
$1.29
VEF12.84
|
$1.41
PAB1.41
|
|
pay 13.5% more for groceries
Caracas
|
Panama City
|
||
---|---|---|---|
Bread
1 loaf
|
$2.17
VEF21.64
|
$2.51
PAB2.51
|
|
Local cheese (8 oz) |
$4.87
VEF48.61
|
$6.39
PAB6.39
|
|
Milk (1 gallon) |
$7.73
VEF77.06
|
$6.80
PAB6.80
|
|
Eggs
1 dozen
|
$3.03
VEF30.26
|
$2.68
PAB2.68
|
|
Boneless chicken breast (1 lb) |
$3.24
VEF32.36
|
$3.41
PAB3.41
|
|
Apples (1 lb) |
$2.55
VEF25.43
|
$1.48
PAB1.48
|
|
Bananas (1 lb) |
$0.66
VEF6.56
|
$0.72
PAB0.72
|
|
Oranges (1 lb) |
$0.90
VEF8.97
|
$1.24
PAB1.24
|
|
Tomatoes (1 lb) |
$0.75
VEF7.51
|
$1.40
PAB1.40
|
|
Potatoes (1 lb) |
$1.01
VEF10.04
|
$0.98
PAB0.98
|
|
Onions (1 lb) |
$0.87
VEF8.69
|
$1.15
PAB1.15
|
|
pay 2.6% more for transportation
Caracas
|
Panama City
|
||
---|---|---|---|
Gasoline (1 gallon) |
$1.89
VEF18.88
|
$3.69
PAB3.69
|
|
Monthly public transit pass |
$30.00
VEF299.24
|
$25.00
PAB25.00
|
|
New Volkswagen Golf 1.4 (standard edition) |
$32,000.00
VEF319,184.03
|
$19,750.00
PAB19,750.00
|
|
Taxi trip in downtown area (5 miles) |
$23.80
VEF237.39
|
$16.71
PAB16.71
|
|
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
|
|
1-Bedroom apartment in downtown area |
$394.44
VEF3,934.39
|
$1,023.81
PAB1,023.81
|
|
1-Bedroom apartment outside city center |
$366.67
VEF3,657.32
|
$755.88
PAB755.88
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$7.90
VEF78.82
|
$94.84
PAB94.84
|
|
pay 3.3 times more for childcare
Caracas
|
Panama City
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$98.67
VEF984.15
|
$439.17
PAB439.17
|
|
Middle school for 1 child, two semesters |
$4,720.00
VEF47,079.64
|
$10,092.67
PAB10,092.67
|
|
pay 36.7% more for entertainment and sports
Caracas
|
Panama City
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$1.50
VEF14.96
|
$3.00
PAB3.00
|
|
Cappuccino in mid-range area |
$2.72
VEF27.12
|
$3.59
PAB3.59
|
|
Pack of cigarettes
Marlboro or similar
|
$3.25
VEF32.42
|
$5.50
PAB5.50
|
|
Monthly membership at local gym |
$71.88
VEF716.92
|
$47.27
PAB47.27
|
|
Movie ticket to theater/cinema |
$6.00
VEF59.85
|
$7.00
PAB7.00
|
|
pay 3.8% less for clothing
Caracas
|
Panama City
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$60.00
VEF598.47
|
$53.91
PAB53.91
|
|
Regular dress
from H&M or similar store
|
$43.33
VEF432.23
|
$37.78
PAB37.78
|
|
Running shoes
Nike or Adidas
|
$113.12
VEF1,128.37
|
$87.62
PAB87.62
|
|
Men's business shoes (leather) |
$83.33
VEF831.21
|
$108.75
PAB108.75
|
|
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