Cost of living comparison

 Panama City, Panama
compared to
 Santiago, Chile
Santiago vs. Panama City Cost of Living Summary
Santiago vs. Panama City Cost Breakdown

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

pay 2.7% less for restaurants

 
Panama City
Santiago
Basic meal with drink at inexpensive restaurant $13.25
PAB13.25
$12.36
CLF0.3000
Fast food combo meal
McDonalds, or similar
$8.00
PAB8.00
$8.24
CLF0.2000
Bottle of Coca-Cola (11 fl. oz) $1.86
PAB1.86
$1.78
CLF0.0400

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pay 20.0% less for groceries

 
Panama City
Santiago
Bread
1 loaf
$2.51
PAB2.51
$1.48
CLF0.0400
Local cheese (8 oz) $6.39
PAB6.39
$5.49
CLF0.1300
Milk (1 gallon) $6.80
PAB6.80
$4.59
CLF0.1100

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pay 18.1% more for transportation

 
Panama City
Santiago
Gasoline (1 gallon) $3.69
PAB3.69
$5.14
CLF0.1300
Monthly public transit pass $25.00
PAB25.00
$41.20
CLF1.0000
New Volkswagen Golf 1.4 (standard edition) $19,750.00
PAB19,750.00
$18,540.00
CLF451.4900

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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
1-Bedroom apartment in downtown area $1,023.81
PAB1,023.81
$513.58
CLF12.5100
1-Bedroom apartment outside city center $755.88
PAB755.88
$439.93
CLF10.7100

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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
CLF9.4400
Middle school for 1 child, two semesters $10,092.67
PAB10,092.67
$6,421.89
CLF156.3900

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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
Cappuccino in mid-range area $3.59
PAB3.59
$3.09
CLF0.0800
Pack of cigarettes
Marlboro or similar
$5.50
PAB5.50
$5.15
CLF0.1300

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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
Regular dress
from H&M or similar store
$37.78
PAB37.78
$31.11
CLF0.7600
Running shoes
Nike or Adidas
$87.62
PAB87.62
$73.37
CLF1.7900

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

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