Cost of living comparison
Panama is 44.4% more expensive than Ecuador overall.
- Restaurants
-
pay 81.5% more in Panama
- Groceries
-
pay 73.6% more in Panama
- Transportation
-
pay 19.1% more in Panama
- Housing
-
pay 90.5% more in Panama
- Childcare
-
pay 34.6% more in Panama
- Entertainment and Sports
-
pay 16.6% more in Panama
- Clothing
-
pay 5.1% less in Panama
The cost of housing, restaurants, groceries, childcare, transportation, and entertainment and sports in Panama are more expensive than in Ecuador. Notably, housing and restaurants are significantly more expensive in Panama.
If you lived in Panama instead of Ecuador, you would:
pay 81.5% more for restaurants
|
Ecuador
|
Panama
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$3.39
|
$8.45
PAB8.45
|
|
|
Fast food combo meal
McDonalds, or similar
|
$6.83
|
$7.90
PAB7.90
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$0.90
|
$1.54
PAB1.54
|
|
| Bottle of water (11 fl. oz) |
$0.62
|
$1.17
PAB1.17
|
|
pay 73.6% more for groceries
|
Ecuador
|
Panama
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.64
|
$2.19
PAB2.19
|
|
| Local cheese (8 oz) |
$3.00
|
$5.66
PAB5.66
|
|
| Milk (1 gallon) |
$4.18
|
$6.43
PAB6.43
|
|
|
Eggs
1 dozen
|
$2.19
|
$2.53
PAB2.53
|
|
| Boneless chicken breast (1 lb) |
$2.60
|
$3.54
PAB3.54
|
|
| Apples (1 lb) |
$0.87
|
$2.12
PAB2.12
|
|
| Bananas (1 lb) |
$0.53
|
$0.61
PAB0.61
|
|
| Oranges (1 lb) |
$0.59
|
$1.29
PAB1.29
|
|
| Tomatoes (1 lb) |
$0.54
|
$1.16
PAB1.16
|
|
| Potatoes (1 lb) |
$0.53
|
$0.98
PAB0.98
|
|
| Onions (1 lb) |
$0.49
|
$1.01
PAB1.01
|
|
pay 19.1% more for transportation
|
Ecuador
|
Panama
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$2.46
|
$3.92
PAB3.92
|
|
| Monthly public transit pass |
$24.42
|
$25.00
PAB25.00
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$23,111.11
|
$18,916.67
PAB18,916.67
|
|
| Taxi trip in downtown area (5 miles) |
$12.51
|
$16.61
PAB16.61
|
|
pay 90.5% more for housing
|
Ecuador
|
Panama
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$30.71
|
$47.61
PAB47.61
|
|
| 1-Bedroom apartment in downtown area |
$344.59
|
$747.76
PAB747.76
|
|
| 1-Bedroom apartment outside city center |
$278.18
|
$567.84
PAB567.84
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$37.19
|
$69.20
PAB69.20
|
|
pay 34.6% more for childcare
|
Ecuador
|
Panama
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$227.49
|
$302.08
PAB302.08
|
|
| Middle school for 1 child, two semesters |
$4,800.83
|
$6,548.17
PAB6,548.17
|
|
pay 16.6% more for entertainment and sports
|
Ecuador
|
Panama
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$2.17
|
$1.95
PAB1.95
|
|
| Cappuccino in mid-range area |
$2.37
|
$3.39
PAB3.39
|
|
|
Pack of cigarettes
Marlboro or similar
|
$5.97
|
$5.38
PAB5.38
|
|
| Monthly membership at local gym |
$32.03
|
$57.20
PAB57.20
|
|
| Movie ticket to theater/cinema |
$6.55
|
$5.33
PAB5.33
|
|
pay 5.1% less for clothing
|
Ecuador
|
Panama
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$53.26
|
$47.41
PAB47.41
|
|
|
Regular dress
from H&M or similar store
|
$46.74
|
$34.81
PAB34.81
|
|
|
Running shoes
Nike or Adidas
|
$93.54
|
$81.21
PAB81.21
|
|
| Men's business shoes (leather) |
$77.58
|
$100.42
PAB100.42
|
|
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