Cost of living comparison
Caracas is 14.9% cheaper than Panama City.
If you lived in Caracas instead of Panama City, you would:
pay 12.6% more for restaurants
|
Panama City
|
Caracas
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$13.25
PAB13.25
|
$15.00
VEF149.62
|
|
|
Fast food combo meal
McDonalds, or similar
|
$8.00
PAB8.00
|
$12.00
VEF119.69
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$1.86
PAB1.86
|
$1.78
VEF17.78
|
|
| Bottle of water (11 fl. oz) |
$1.41
PAB1.41
|
$1.29
VEF12.84
|
|
pay 4.3% less for groceries
|
Panama City
|
Caracas
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.51
PAB2.51
|
$2.17
VEF21.64
|
|
| Local cheese (8 oz) |
$6.39
PAB6.39
|
$4.87
VEF48.61
|
|
| Milk (1 gallon) |
$6.80
PAB6.80
|
$7.73
VEF77.06
|
|
|
Eggs
1 dozen
|
$2.68
PAB2.68
|
$3.03
VEF30.26
|
|
| Boneless chicken breast (1 lb) |
$3.41
PAB3.41
|
$3.24
VEF32.36
|
|
| Apples (1 lb) |
$1.48
PAB1.48
|
$2.55
VEF25.43
|
|
| Bananas (1 lb) |
$0.72
PAB0.72
|
$0.66
VEF6.56
|
|
| Oranges (1 lb) |
$1.24
PAB1.24
|
$0.90
VEF8.97
|
|
| Tomatoes (1 lb) |
$1.40
PAB1.40
|
$0.75
VEF7.51
|
|
| Potatoes (1 lb) |
$0.98
PAB0.98
|
$1.01
VEF10.04
|
|
| Onions (1 lb) |
$1.15
PAB1.15
|
$0.87
VEF8.69
|
|
pay 18.9% more for transportation
|
Panama City
|
Caracas
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$3.69
PAB3.69
|
$1.89
VEF18.88
|
|
| Monthly public transit pass |
$25.00
PAB25.00
|
$30.00
VEF299.24
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$19,750.00
PAB19,750.00
|
$32,000.00
VEF319,184.03
|
|
| Taxi trip in downtown area (5 miles) |
$16.71
PAB16.71
|
$23.80
VEF237.39
|
|
pay 58.3% less for housing
|
Panama City
|
Caracas
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$52.10
PAB52.10
|
$37.22
VEF371.27
|
|
| 1-Bedroom apartment in downtown area |
$1,023.81
PAB1,023.81
|
$394.44
VEF3,934.39
|
|
| 1-Bedroom apartment outside city center |
$755.88
PAB755.88
|
$366.67
VEF3,657.32
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$94.84
PAB94.84
|
$7.90
VEF78.82
|
|
pay 65.3% less for childcare
|
Panama City
|
Caracas
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$439.17
PAB439.17
|
$98.67
VEF984.15
|
|
| Middle school for 1 child, two semesters |
$10,092.67
PAB10,092.67
|
$4,720.00
VEF47,079.64
|
|
pay 15.5% less for entertainment and sports
|
Panama City
|
Caracas
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$3.00
PAB3.00
|
$1.50
VEF14.96
|
|
| Cappuccino in mid-range area |
$3.59
PAB3.59
|
$2.72
VEF27.12
|
|
|
Pack of cigarettes
Marlboro or similar
|
$5.50
PAB5.50
|
$3.25
VEF32.42
|
|
| Monthly membership at local gym |
$47.27
PAB47.27
|
$71.88
VEF716.92
|
|
| Movie ticket to theater/cinema |
$7.00
PAB7.00
|
$6.00
VEF59.85
|
|
pay 7.9% more for clothing
|
Panama City
|
Caracas
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$53.91
PAB53.91
|
$60.00
VEF598.47
|
|
|
Regular dress
from H&M or similar store
|
$37.78
PAB37.78
|
$43.33
VEF432.23
|
|
|
Running shoes
Nike or Adidas
|
$87.62
PAB87.62
|
$113.12
VEF1,128.37
|
|
| Men's business shoes (leather) |
$108.75
PAB108.75
|
$83.33
VEF831.21
|
|
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