Cost of Living Comparison Between Panama and Ecuador 
| Indices Difference |  |
|---|---|
| Cost of Living in Ecuador is 32.6% lower than in Panama (excluding rent) | |
| Cost of Living Including Rent in Ecuador is 42.3% lower than in Panama | |
| Rent Prices in Ecuador are 65.4% lower than in Panama | |
| Restaurant Prices in Ecuador are 37.4% lower than in Panama | |
| Groceries Prices in Ecuador are 33.5% lower than in Panama | |
| Local Purchasing Power in Ecuador is 7.4% higher than in Panama | |
Restaurants | Panama Edit |
Ecuador Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant | 10.00 $ | 3.50 $ | -65.0 % |
| Meal for 2 People, Mid-range Restaurant, Three-course | 50.00 $ | 30.00 $ | -40.0 % |
| McMeal at McDonalds (or Equivalent Combo Meal) | 7.49 $ | 7.00 $ | -6.5 % |
| Domestic Beer (1 pint draught) | 2.00 $ | 2.00 $ | 0.0 % |
| Imported Beer (12 oz small bottle) | 3.50 $ | 3.50 $ | 0.0 % |
| Cappuccino (regular) | 3.47 $ | 2.48 $ | -28.6 % |
| Coke/Pepsi (12 oz small bottle) | 1.48 $ | 0.99 $ | -33.2 % |
| Water (12 oz small bottle) | 1.22 $ | 0.69 $ | -43.2 % |
Markets | Panama Edit |
Ecuador Edit | |
| Milk (regular), (1 gallon) | 6.85 $ | 4.13 $ | -39.7 % |
| Loaf of Fresh White Bread (1 lb) | 2.21 $ | 1.49 $ | -32.9 % |
| Rice (white), (1 lb) | 1.04 $ | 0.68 $ | -35.1 % |
| Eggs (regular) (12) | 2.67 $ | 2.11 $ | -20.9 % |
| Local Cheese (1 lb) | 5.31 $ | 2.79 $ | -47.5 % |
| Chicken Fillets (1 lb) | 3.29 $ | 2.56 $ | -22.2 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) | 4.08 $ | 3.08 $ | -24.4 % |
| Apples (1 lb) | 1.83 $ | 0.94 $ | -48.7 % |
| Banana (1 lb) | 0.60 $ | 0.50 $ | -16.0 % |
| Oranges (1 lb) | 1.27 $ | 0.58 $ | -54.7 % |
| Tomato (1 lb) | 1.33 $ | 0.56 $ | -58.2 % |
| Potato (1 lb) | 0.95 $ | 0.55 $ | -42.5 % |
| Onion (1 lb) | 1.05 $ | 0.47 $ | -54.8 % |
| Lettuce (1 head) | 2.08 $ | 0.67 $ | -67.6 % |
| Water (1.5 liter bottle) | 1.56 $ | 1.10 $ | -29.2 % |
| Bottle of Wine (Mid-Range) | 10.00 $ | 10.00 $ | 0.0 % |
| Domestic Beer (0.5 liter bottle) | 1.20 $ | 1.69 $ | +40.8 % |
| Imported Beer (12 oz small bottle) | 2.15 $ | 2.84 $ | +32.1 % |
| Cigarettes 20 Pack (Marlboro) | 5.92 $ | 6.00 $ | +1.3 % |
Transportation | Panama Edit |
Ecuador Edit | |
| One-way Ticket (Local Transport) | 0.55 $ | 0.35 $ | -36.4 % |
| Monthly Pass (Regular Price) | 25.00 $ | 25.00 $ | 0.0 % |
| Taxi Start (Normal Tariff) | 2.00 $ | 1.50 $ | -25.0 % |
| Taxi 1 mile (Normal Tariff) | 3.22 $ | 2.41 $ | -25.0 % |
| Taxi 1hour Waiting (Normal Tariff) | 21.00 $ | 10.00 $ | -52.4 % |
| Gasoline (1 gallon) | 3.50 $ | 2.52 $ | -28.0 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) | 20,000.00 $ | 21,000.00 $ | +5.0 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) | 21,464.58 $ | 27,653.56 $ | +28.8 % |
Utilities (Monthly) | Panama Edit |
Ecuador Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment | 109.00 $ | 43.97 $ | -59.7 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data | 29.47 $ | 13.31 $ | -54.8 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | 48.89 $ | 30.81 $ | -37.0 % |
Sports And Leisure | Panama Edit |
Ecuador Edit | |
| Fitness Club, Monthly Fee for 1 Adult | 52.30 $ | 33.27 $ | -36.4 % |
| Tennis Court Rent (1 Hour on Weekend) | 35.71 $ | 15.04 $ | -57.9 % |
| Cinema, International Release, 1 Seat | 7.00 $ | 7.00 $ | 0.0 % |
Childcare | Panama Edit |
Ecuador Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child | 446.67 $ | 240.20 $ | -46.2 % |
| International Primary School, Yearly for 1 Child | 10,425.00 $ | 6,200.00 $ | -40.5 % |
Clothing And Shoes | Panama Edit |
Ecuador Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) | 48.21 $ | 55.13 $ | +14.3 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) | 41.15 $ | 46.68 $ | +13.4 % |
| 1 Pair of Nike Running Shoes (Mid-Range) | 83.67 $ | 98.02 $ | +17.2 % |
| 1 Pair of Men Leather Business Shoes | 110.45 $ | 81.82 $ | -25.9 % |
Rent Per Month | Panama Edit |
Ecuador Edit | |
| Apartment (1 bedroom) in City Centre | 914.84 $ | 340.23 $ | -62.8 % |
| Apartment (1 bedroom) Outside of Centre | 698.62 $ | 273.10 $ | -60.9 % |
| Apartment (3 bedrooms) in City Centre | 1,778.87 $ | 580.20 $ | -67.4 % |
| Apartment (3 bedrooms) Outside of Centre | 1,355.77 $ | 449.92 $ | -66.8 % |
Buy Apartment Price | Panama Edit |
Ecuador Edit | |
| Price per Square Feet to Buy Apartment in City Centre | 193.28 $ | 110.34 $ | -42.9 % |
| Price per Square Feet to Buy Apartment Outside of Centre | 143.56 $ | 98.18 $ | -31.6 % |
Salaries And Financing | Panama Edit |
Ecuador Edit | |
| Average Monthly Net Salary (After Tax) | 826.28 $ | 512.23 $ | -38.0 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.30 | 10.51 | +66.8 % |
| Last update: | 22 May 2025 | 13 May 2025 | |
| Contributors in the past 12 months: | 94 | 144 |
Moving to Panama? Explore:
Moving to Ecuador? Explore: