Cost of living comparison

compared to

Malabo vs. Panama City Cost of Living Summary

Malabo is 21.3% cheaper than Panama City.

Restaurants
pay 23.2% less in Malabo
Groceries
pay 15.0% more in Malabo
Transportation
pay 4.7% more in Malabo
Housing
pay 75.9% less in Malabo
Childcare
pay 97.7% less in Malabo
Entertainment and Sports
pay 6.9% less in Malabo
Clothing
pay 34.9% more in Malabo

The cost of clothing, groceries, and transportation in Malabo are more expensive than in Panama City. Expenses including childcare, housing, restaurants, and entertainment and sports are lower in Malabo.

Malabo vs. Panama City Cost Breakdown

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

pay 23.2% less for restaurants

 
Panama City
Malabo
Basic meal with drink at inexpensive restaurant $10.00
PAB10.00
??
Fast food combo meal
McDonalds, or similar
$8.00
PAB8.00
$8.90
FCFA5,048
Bottle of Coca-Cola (11 fl. oz) $1.70
PAB1.70
$0.89
FCFA505

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pay 15.0% more for groceries

 
Panama City
Malabo
Bread
1 loaf
$2.56
PAB2.56
??
Local cheese (8 oz) $5.81
PAB5.81
$3.36
FCFA1,905
Milk (1 gallon) $6.82
PAB6.82
$10.78
FCFA6,114

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pay 4.7% more for transportation

 
Panama City
Malabo
Gasoline (1 gallon) $3.44
PAB3.44
??
Monthly public transit pass $22.50
PAB22.50
$26.33
FCFA14,928
New Volkswagen Golf 1.4 (standard edition) $19,750.00
PAB19,750.00
$32,972.23
FCFA19M

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pay 75.9% less for housing

 
Panama City
Malabo
Internet connection
50 mbps or faster, cable/dsl
$49.20
PAB49.20
$17.81
FCFA10,095
1-Bedroom apartment in downtown area $1,164.71
PAB1,164.71
$267.09
FCFA151K
1-Bedroom apartment outside city center $953.85
PAB953.85
$124.64
FCFA70,668

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pay 97.7% less for childcare

 
Panama City
Malabo
Private preschool for 1 child, monthly $476.00
PAB476.00
??
Middle school for 1 child, two semesters $15,733.33
PAB15,733.33
$356.12
FCFA202K

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pay 6.9% less for entertainment and sports

 
Panama City
Malabo
Domestic/local beer (1 pint) $3.00
PAB3.00
??
Cappuccino in mid-range area $3.61
PAB3.61
$5.34
FCFA3,029
Pack of cigarettes
Marlboro or similar
$5.92
PAB5.92
$4.51
FCFA2,557

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pay 34.9% more for clothing

 
Panama City
Malabo
Regular jeans
Levi's brand
$50.00
PAB50.00
$26.71
FCFA15,143
Regular dress
from H&M or similar store
$47.50
PAB47.50
$133.54
FCFA75,716
Running shoes
Nike or Adidas
$89.55
PAB89.55
??

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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 2026
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