Cost of living comparison

Panama City, Panama

compared to

Santiago, Chile

Santiago vs. Panama City Cost of Living Summary

Santiago is 13.3% cheaper than Panama City.

Restaurants: pay 2.7% less in Santiago
Groceries: pay 20.0% less in Santiago
Transportation: pay 18.1% more in Santiago
Housing: pay 35.3% less in Santiago
Childcare: pay 24.0% less in Santiago
Entertainment and Sports: pay 14.1% less in Santiago
Clothing: pay 15.1% less in Santiago

Expenses including housing, childcare, groceries, clothing, entertainment and sports, and restaurants are lower in Santiago.

Santiago vs. Panama City Cost Breakdown

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

Display currency: USD

pay 2.7% less for restaurants

	Panama City	Santiago
Basic meal with drink at inexpensive restaurant	$13.25 PAB13.25	$12.36 CLF0.3000	-6.7%
Fast food combo meal McDonalds, or similar	$8.00 PAB8.00	$8.24 CLF0.2000	+3.0%
Bottle of Coca-Cola (11 fl. oz)	$1.86 PAB1.86	$1.78 CLF0.0400	-4.0%
Bottle of water (11 fl. oz)	$1.41 PAB1.41	$1.37 CLF0.0300	-3.2%
Average			-2.7%

Panama City vs. Santiago - Cost of restaurants

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pay 20.0% less for groceries

	Panama City	Santiago
Bread 1 loaf	$2.51 PAB2.51	$1.48 CLF0.0400	-40.8%
Local cheese (8 oz)	$6.39 PAB6.39	$5.49 CLF0.1300	-14.1%
Milk (1 gallon)	$6.80 PAB6.80	$4.59 CLF0.1100	-32.5%
Eggs 1 dozen	$2.68 PAB2.68	$3.97 CLF0.1000	+48.2%
Boneless chicken breast (1 lb)	$3.41 PAB3.41	$2.88 CLF0.0700	-15.5%
Apples (1 lb)	$1.48 PAB1.48	$0.96 CLF0.0200	-35.5%
Bananas (1 lb)	$0.72 PAB0.72	$0.71 CLF0.0200	-1.5%
Oranges (1 lb)	$1.24 PAB1.24	$0.91 CLF0.0200	-26.9%
Tomatoes (1 lb)	$1.40 PAB1.40	$0.84 CLF0.0200	-39.8%
Potatoes (1 lb)	$0.98 PAB0.98	$0.80 CLF0.0200	-18.5%
Onions (1 lb)	$1.15 PAB1.15	$0.66 CLF0.0200	-42.7%
Average			-20.0%

Panama City vs. Santiago - Cost of groceries

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pay 18.1% more for transportation

	Panama City	Santiago
Gasoline (1 gallon)	$3.69 PAB3.69	$5.14 CLF0.1300	+39.2%
Monthly public transit pass	$25.00 PAB25.00	$41.20 CLF1.0100	+64.8%
New Volkswagen Golf 1.4 (standard edition)	$19,750.00 PAB19,750.00	$18,540.00 CLF454.6700	-6.1%
Taxi trip in downtown area (5 miles)	$16.71 PAB16.71	$12.41 CLF0.3000	-25.7%
Average			+18.1%

Panama City vs. Santiago - Cost of transportation

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pay 35.3% less for housing

	Panama City	Santiago
Internet connection 50 mbps or faster, cable/dsl	$52.10 PAB52.10	$20.87 CLF0.5100	-59.9%
1-Bedroom apartment in downtown area	$1,023.81 PAB1,023.81	$513.58 CLF12.6000	-49.8%
1-Bedroom apartment outside city center	$755.88 PAB755.88	$439.93 CLF10.7900	-41.8%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$94.84 PAB94.84	$104.66 CLF2.5700	+10.4%
Average			-35.3%

Panama City vs. Santiago - Cost of housing

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pay 24.0% less for childcare

	Panama City	Santiago
Private preschool for 1 child, monthly	$439.17 PAB439.17	$387.71 CLF9.5100	-11.7%
Middle school for 1 child, two semesters	$10,092.67 PAB10,092.67	$6,421.89 CLF157.4900	-36.4%
Average			-24.0%

Panama City vs. Santiago - Cost of childcare

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pay 14.1% less for entertainment and sports

	Panama City	Santiago
Domestic/local beer (1 pint)	$3.00 PAB3.00	$2.83 CLF0.0700	-5.6%
Cappuccino in mid-range area	$3.59 PAB3.59	$3.09 CLF0.0800	-14.0%
Pack of cigarettes Marlboro or similar	$5.50 PAB5.50	$5.15 CLF0.1300	-6.4%
Monthly membership at local gym	$47.27 PAB47.27	$33.85 CLF0.8300	-28.4%
Movie ticket to theater/cinema	$7.00 PAB7.00	$5.87 CLF0.1400	-16.1%
Average			-14.1%

Panama City vs. Santiago - Cost of entertainment and sports

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pay 15.1% less for clothing

	Panama City	Santiago
Regular jeans Levi's brand	$53.91 PAB53.91	$52.80 CLF1.2900	-2.0%
Regular dress from H&M or similar store	$37.78 PAB37.78	$31.11 CLF0.7600	-17.6%
Running shoes Nike or Adidas	$87.62 PAB87.62	$73.37 CLF1.8000	-16.3%
Men's business shoes (leather)	$108.75 PAB108.75	$82.04 CLF2.0100	-24.6%
Average			-15.1%

Panama City vs. Santiago - Cost of clothing

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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

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