Cost of living comparison

Santiago, Chile

compared to

Panama City vs. Santiago Cost of Living Summary

Panama City is 25.7% more expensive than Santiago.

Restaurants: pay 2.9% more in Panama City
Groceries: pay 34.2% more in Panama City
Transportation: pay 6.6% less in Panama City
Housing: pay 77.8% more in Panama City
Childcare: pay 35.2% more in Panama City
Entertainment and Sports: pay 17.6% more in Panama City
Clothing: pay 18.9% more in Panama City

The cost of housing, childcare, groceries, clothing, entertainment and sports, and restaurants in Panama City are more expensive than in Santiago. Notably, housing is significantly more expensive in Panama City.

Panama City vs. Santiago Cost Breakdown

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

Display currency: USD

pay 2.9% more for restaurants

	Santiago	Panama City
Basic meal with drink at inexpensive restaurant	$12.36 CLF0.3000	$13.25 PAB13.25	+7.2%
Fast food combo meal McDonalds, or similar	$8.24 CLF0.2000	$8.00 PAB8.00	-2.9%
Bottle of Coca-Cola (11 fl. oz)	$1.78 CLF0.0400	$1.86 PAB1.86	+4.1%
Bottle of water (11 fl. oz)	$1.37 CLF0.0300	$1.41 PAB1.41	+3.3%
Average			+2.9%

Santiago vs. Panama City - Cost of restaurants

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pay 34.2% more for groceries

	Santiago	Panama City
Bread 1 loaf	$1.48 CLF0.0400	$2.51 PAB2.51	+68.9%
Local cheese (8 oz)	$5.49 CLF0.1300	$6.39 PAB6.39	+16.4%
Milk (1 gallon)	$4.59 CLF0.1100	$6.80 PAB6.80	+48.2%
Eggs 1 dozen	$3.97 CLF0.1000	$2.68 PAB2.68	-32.5%
Boneless chicken breast (1 lb)	$2.88 CLF0.0700	$3.41 PAB3.41	+18.4%
Apples (1 lb)	$0.96 CLF0.0200	$1.48 PAB1.48	+55.0%
Bananas (1 lb)	$0.71 CLF0.0200	$0.72 PAB0.72	+1.5%
Oranges (1 lb)	$0.91 CLF0.0200	$1.24 PAB1.24	+36.8%
Tomatoes (1 lb)	$0.84 CLF0.0200	$1.40 PAB1.40	+66.2%
Potatoes (1 lb)	$0.80 CLF0.0200	$0.98 PAB0.98	+22.7%
Onions (1 lb)	$0.66 CLF0.0200	$1.15 PAB1.15	+74.5%
Average			+34.2%

Santiago vs. Panama City - Cost of groceries

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pay 6.6% less for transportation

	Santiago	Panama City
Gasoline (1 gallon)	$5.14 CLF0.1300	$3.69 PAB3.69	-28.2%
Monthly public transit pass	$41.20 CLF1.0000	$25.00 PAB25.00	-39.3%
New Volkswagen Golf 1.4 (standard edition)	$18,540.00 CLF451.1500	$19,750.00 PAB19,750.00	+6.5%
Taxi trip in downtown area (5 miles)	$12.41 CLF0.3000	$16.71 PAB16.71	+34.6%
Average			-6.6%

Santiago vs. Panama City - Cost of transportation

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pay 77.8% more for housing

	Santiago	Panama City
Internet connection 50 mbps or faster, cable/dsl	$20.87 CLF0.5100	$52.10 PAB52.10	+149.6%
1-Bedroom apartment in downtown area	$513.58 CLF12.5000	$1,023.81 PAB1,023.81	+99.3%
1-Bedroom apartment outside city center	$439.93 CLF10.7100	$755.88 PAB755.88	+71.8%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$104.66 CLF2.5500	$94.84 PAB94.84	-9.4%
Average			+77.8%

Santiago vs. Panama City - Cost of housing

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pay 35.2% more for childcare

	Santiago	Panama City
Private preschool for 1 child, monthly	$387.71 CLF9.4300	$439.17 PAB439.17	+13.3%
Middle school for 1 child, two semesters	$6,421.89 CLF156.2700	$10,092.67 PAB10,092.67	+57.2%
Average			+35.2%

Santiago vs. Panama City - Cost of childcare

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pay 17.6% more for entertainment and sports

	Santiago	Panama City
Domestic/local beer (1 pint)	$2.83 CLF0.0700	$3.00 PAB3.00	+5.9%
Cappuccino in mid-range area	$3.09 CLF0.0800	$3.59 PAB3.59	+16.3%
Pack of cigarettes Marlboro or similar	$5.15 CLF0.1300	$5.50 PAB5.50	+6.8%
Monthly membership at local gym	$33.85 CLF0.8200	$47.27 PAB47.27	+39.7%
Movie ticket to theater/cinema	$5.87 CLF0.1400	$7.00 PAB7.00	+19.2%
Average			+17.6%

Santiago vs. Panama City - Cost of entertainment and sports

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pay 18.9% more for clothing

	Santiago	Panama City
Regular jeans Levi's brand	$52.80 CLF1.2800	$53.91 PAB53.91	+2.1%
Regular dress from H&M or similar store	$31.11 CLF0.7600	$37.78 PAB37.78	+21.4%
Running shoes Nike or Adidas	$73.37 CLF1.7900	$87.62 PAB87.62	+19.4%
Men's business shoes (leather)	$82.04 CLF2.0000	$108.75 PAB108.75	+32.6%
Average			+18.9%

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

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