Cost of living comparison
compared to
Quito vs. Panama City Cost of Living Summary
Quito is 43.6% cheaper than Panama City.
Quito vs. Panama City Cost Breakdown
If you lived in Quito instead of Panama City, you would:
pay 31.4% less for restaurants
|
Panama City
|
Quito
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$11.50
PAB11.50
|
$6.00
|
|
|
Fast food combo meal
McDonalds, or similar
|
$8.00
PAB8.00
|
$7.67
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$1.97
PAB1.97
|
$1.40
|
|
| Bottle of water (11 fl. oz) |
$1.60
PAB1.60
|
$1.12
|
|
Panama City vs. Quito - Cost of restaurants
pay 51.7% less for groceries
|
Panama City
|
Quito
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.52
PAB2.52
|
$1.57
|
|
| Local cheese (8 oz) |
$6.18
PAB6.18
|
$3.21
|
|
| Milk (1 gallon) |
$7.09
PAB7.09
|
$4.29
|
|
|
Eggs
1 dozen
|
$2.75
PAB2.75
|
$2.14
|
|
| Boneless chicken breast (1 lb) |
$3.07
PAB3.07
|
$2.55
|
|
| Apples (1 lb) |
$1.87
PAB1.87
|
$1.03
|
|
| Bananas (1 lb) |
$0.82
PAB0.82
|
$0.55
|
|
| Oranges (1 lb) |
$1.92
PAB1.92
|
$0.59
|
|
| Tomatoes (1 lb) |
$1.86
PAB1.86
|
$0.50
|
|
| Potatoes (1 lb) |
$1.55
PAB1.55
|
$0.55
|
|
| Onions (1 lb) |
$1.96
PAB1.96
|
$0.47
|
|
Panama City vs. Quito - Cost of groceries
pay 14.7% less for transportation
|
Panama City
|
Quito
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$4.62
PAB4.62
|
$3.17
|
|
| Monthly public transit pass |
$21.00
PAB21.00
|
$21.00
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$21,262.00
PAB21,262.00
|
$21,000.00
|
|
| Taxi trip in downtown area (5 miles) |
$16.98
PAB16.98
|
$13.50
|
|
Panama City vs. Quito - Cost of transportation
pay 65.0% less for housing
|
Panama City
|
Quito
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$48.70
PAB48.70
|
$28.45
|
|
| 1-Bedroom apartment in downtown area |
$1,262.50
PAB1,262.50
|
$482.78
|
|
| 1-Bedroom apartment outside city center |
$874.18
PAB874.18
|
$313.44
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$100.29
PAB100.29
|
$21.90
|
|
Panama City vs. Quito - Cost of housing
pay 12.7% more for childcare
|
Panama City
|
Quito
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$543.33
PAB543.33
|
$743.00
|
|
| Middle school for 1 child, two semesters |
$9,641.50
PAB9,641.50
|
$8,951.43
|
|
Panama City vs. Quito - Cost of childcare
pay 9.4% less for entertainment and sports
|
Panama City
|
Quito
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$3.30
PAB3.30
|
$3.50
|
|
| Cappuccino in mid-range area |
$4.11
PAB4.11
|
$3.38
|
|
|
Pack of cigarettes
Marlboro or similar
|
$6.00
PAB6.00
|
$6.00
|
|
| Monthly membership at local gym |
$46.40
PAB46.40
|
$46.22
|
|
| Movie ticket to theater/cinema |
$8.50
PAB8.50
|
$6.40
|
|
Panama City vs. Quito - Cost of entertainment and sports
pay 6.2% more for clothing
|
Panama City
|
Quito
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$66.67
PAB66.67
|
$70.10
|
|
|
Regular dress
from H&M or similar store
|
$48.43
PAB48.43
|
$49.62
|
|
|
Running shoes
Nike or Adidas
|
$94.62
PAB94.62
|
$115.66
|
|
| Men's business shoes (leather) |
$111.67
PAB111.67
|
$107.92
|
|
Panama City vs. Quito - Cost of clothing
We average the price of thousands of data points entered by users across the world. Sources: MyLifeElsewhere's cost-of-living dataset (prices updated October 2026). How we calculate this
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Compare further: Panama City vs. Quito
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See the
cost of living in Panama vs. Ecuador.
This provides a comparison of the average cost of living from cities within Panama and Ecuador.
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