Cost of Living in Panama vs Ecuador comparison
Panama
Explore Panama, a captivating country with a population of 4,098,587. Embrace a comfortable lifestyle with an average cost of living at $1897 and a median after-tax salary of $713.04. Enjoy dining at diverse restaurants for $72, shop for essentials at bustling markets with an average of $64, and entrust your childcare needs to facilities costing approximately $9887annually. Keep your wardrobe fresh with a clothing budget of $237and secure a lovely home for $3284per month. Panama also offers an attractive average salary of $713.04. Immerse yourself in the beauty of Panama, where rich culture meets affordability.
Ecuador
Discover Ecuador, a captivating country with a population of 18,000,062. Experience a comfortable way of life, where the average cost of living stands at $1244, and the median after-tax salary amounts to $492.53. Savor the culinary delights of Ecuador at various restaurants for an average of $48, explore bustling markets with essentials priced at around $48, and entrust your childcare needs to facilities costing approximately $7420annually. Keep your wardrobe stylish with a clothing budget of ${cloth_two}, and secure a beautiful home for $1643per month. Ecuador also boasts an appealing average salary of $492.53. Immerse yourself in the beauty of Ecuador, where affordability and cultural richness converge.
|
Restaurants |
Panama |
Ecuador |
Difference |
|---|---|---|---|
|
Meal, Inexpensive Restaurant |
7.0 $ | 3.0 $ | 133 % |
|
Meal for 2 People, Mid-range Restaurant, Three-course |
47.5 $ | 30.0 $ | 58 % |
|
McMeal at McDonalds (or Equivalent Combo Meal) |
7.0 $ | 6.5 $ | 7 % |
|
Domestic Beer (1 pint draught) |
2.0 $ | 2.0 $ | -- |
|
Imported Beer (12 oz small bottle) |
3.5 $ | 3.5 $ | -- |
|
Cappuccino (regular) |
3.05 $ | 2.34 $ | 30 % |
|
Coke/Pepsi (12 oz small bottle) |
1.5 $ | 0.8 $ | 87 % |
|
Water (12 oz small bottle) |
1.17 $ | 0.62 $ | 88 % |
|
Markets |
Panama |
Ecuador |
Difference |
|---|---|---|---|
|
Milk (regular), (1 gallon) |
1.57 $ | 1.0 $ | 57 % |
|
Loaf of Fresh White Bread (1 lb) |
2.05 $ | 1.57 $ | 30 % |
|
Rice (white), (1 lb) |
1.9 $ | 1.32 $ | 43 % |
|
Eggs (regular) (12) |
2.08 $ | 1.74 $ | 19 % |
|
Local Cheese (1 lb) |
8.81 $ | 4.93 $ | 78 % |
|
Chicken Fillets (1 lb) |
6.48 $ | 5.31 $ | 22 % |
|
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
7.66 $ | 6.04 $ | 26 % |
|
Apples (1 lb) |
2.79 $ | 1.9 $ | 46 % |
|
Banana (1 lb) |
1.26 $ | 0.96 $ | 31 % |
|
Oranges (1 lb) |
2.41 $ | 1.2 $ | 100 % |
|
Tomato (1 lb) |
2.76 $ | 1.11 $ | 148 % |
|
Potato (1 lb) |
1.89 $ | 1.01 $ | 87 % |
|
Onion (1 lb) |
1.92 $ | 1.04 $ | 84 % |
|
Lettuce (1 head) |
1.62 $ | 0.7 $ | 131 % |
|
Water (1.5 liter bottle) |
1.48 $ | 0.99 $ | 49 % |
|
Bottle of Wine (Mid-Range) |
9.0 $ | 8.0 $ | 12 % |
|
Domestic Beer (0.5 liter bottle) |
1.1 $ | 1.46 $ | -24 % |
|
Imported Beer (12 oz small bottle) |
1.79 $ | 2.44 $ | -26 % |
|
Cigarettes 20 Pack (Marlboro) |
5.75 $ | 5.5 $ | 4 % |
|
Transportation |
Panama |
Ecuador |
Difference |
|---|---|---|---|
|
One-way Ticket (Local Transport) |
0.35 $ | 0.35 $ | -- |
|
Monthly Pass (Regular Price) |
30.0 $ | 20.0 $ | 50 % |
|
Taxi Start (Normal Tariff) |
2.0 $ | 1.5 $ | 33 % |
|
Taxi 1 mile (Normal Tariff) |
2.0 $ | 1.5 $ | 33 % |
|
Taxi 1hour Waiting (Normal Tariff) |
15.0 $ | 10.0 $ | 50 % |
|
Gasoline (1 gallon) |
1.03 $ | 0.7 $ | 47 % |
|
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
24000.0 $ | 24000.0 $ | -- |
|
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
19163.33 $ | 27483.87 $ | -30 % |
|
Utilities (Monthly) |
Panama |
Ecuador |
Difference |
|---|---|---|---|
|
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
84.12 $ | 47.54 $ | 76 % |
|
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) |
0.17 $ | 0.12 $ | 41 % |
|
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
43.73 $ | 40.5 $ | 7 % |
|
Sports And Leisure |
Panama |
Ecuador |
Difference |
|---|---|---|---|
|
Fitness Club, Monthly Fee for 1 Adult |
36.03 $ | 36.05 $ | -- |
|
Tennis Court Rent (1 Hour on Weekend) |
29.55 $ | 16.05 $ | 84 % |
|
Cinema, International Release, 1 Seat |
5.5 $ | 6.25 $ | -12 % |
|
Childcare |
Panama |
Ecuador |
Difference |
|---|---|---|---|
|
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
332.27 $ | 239.1 $ | 38 % |
|
International Primary School, Yearly for 1 Child |
9555.56 $ | 7181.79 $ | 33 % |
|
Clothing And Shoes |
Panama |
Ecuador |
Difference |
|---|---|---|---|
|
1 Pair of Jeans (Levis 501 Or Similar) |
45.72 $ | 55.58 $ | -17 % |
|
1 Summer Dress in a Chain Store (Zara, H&M, ...) |
40.0 $ | 45.88 $ | -12 % |
|
1 Pair of Nike Running Shoes (Mid-Range) |
69.65 $ | 97.39 $ | -28 % |
|
1 Pair of Men Leather Business Shoes |
82.5 $ | 75.12 $ | 9 % |
|
Rent Per Month |
Panama |
Ecuador |
Difference |
|---|---|---|---|
|
Apartment (1 bedroom) in City Centre |
738.09 $ | 361.29 $ | 104 % |
|
Apartment (1 bedroom) Outside of Centre |
428.33 $ | 243.21 $ | 76 % |
|
Apartment (3 bedrooms) in City Centre |
1291.94 $ | 612.54 $ | 110 % |
|
Apartment (3 bedrooms) Outside of Centre |
825.79 $ | 426.17 $ | 93 % |
|
Buy Apartment Price |
Panama |
Ecuador |
Difference |
|---|---|---|---|
|
Price per Square Feet to Buy Apartment in City Centre |
1865.81 $ | 1226.79 $ | 52 % |
|
Price per Square Feet to Buy Apartment Outside of Centre |
1212.81 $ | 997.21 $ | 21 % |
|
Salaries And Financing |
Panama |
Ecuador |
Difference |
|---|---|---|---|
|
Average Monthly Net Salary (After Tax) |
713.04 $ | 492.53 $ | 44 % |
|
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate |
5.81 % | 9.85 % | -41 % |