Cost of Living Comparison Between Lima and Panama City 
| Indices Difference |  |
|---|---|
| Cost of Living in Panama City is 40.5% higher than in Lima (without rent) | |
| Cost of Living Including Rent in Panama City is 51.8% higher than in Lima | |
| Rent Prices in Panama City are 84.1% higher than in Lima | |
| Restaurant Prices in Panama City are 81.6% higher than in Lima | |
| Groceries Prices in Panama City are 42.0% higher than in Lima | |
| Local Purchasing Power in Panama City is 31.8% higher than in Lima | |
Restaurants | Lima Edit |
Panama City Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
15.00 S/. (3.95 $) |
44.66 S/. (11.75 $) |
+197.7 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
140.00 S/. (36.83 $) |
228.05 S/. (60.00 $) |
+62.9 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
23.00 S/. (6.05 $) |
30.41 S/. (8.00 $) |
+32.2 % |
| Domestic Beer (1 pint draught) |
8.00 S/. (2.10 $) |
11.40 S/. (3.00 $) |
+42.5 % |
| Imported Beer (12 oz small bottle) |
14.00 S/. (3.68 $) |
15.20 S/. (4.00 $) |
+8.6 % |
| Cappuccino (regular) |
9.87 S/. (2.60 $) |
14.01 S/. (3.68 $) |
+42.0 % |
| Coke/Pepsi (12 oz small bottle) |
3.09 S/. (0.81 $) |
6.71 S/. (1.77 $) |
+117.4 % |
| Water (12 oz small bottle) |
1.97 S/. (0.52 $) |
5.05 S/. (1.33 $) |
+156.7 % |
Markets | Lima Edit |
Panama City Edit | |
| Milk (regular), (1 gallon) |
18.35 S/. (4.83 $) |
25.64 S/. (6.75 $) |
+39.7 % |
| Loaf of Fresh White Bread (1 lb) |
7.80 S/. (2.05 $) |
8.59 S/. (2.26 $) |
+10.1 % |
| Rice (white), (1 lb) |
2.13 S/. (0.56 $) |
3.69 S/. (0.97 $) |
+73.0 % |
| Eggs (regular) (12) |
9.94 S/. (2.61 $) |
9.95 S/. (2.62 $) |
+0.1 % |
| Local Cheese (1 lb) |
12.66 S/. (3.33 $) |
20.02 S/. (5.27 $) |
+58.1 % |
| Chicken Fillets (1 lb) |
8.49 S/. (2.23 $) |
13.13 S/. (3.46 $) |
+54.8 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
16.30 S/. (4.29 $) |
16.05 S/. (4.22 $) |
-1.5 % |
| Apples (1 lb) |
3.03 S/. (0.80 $) |
5.26 S/. (1.38 $) |
+73.5 % |
| Banana (1 lb) |
1.86 S/. (0.49 $) |
2.57 S/. (0.68 $) |
+38.2 % |
| Oranges (1 lb) |
1.73 S/. (0.45 $) |
4.70 S/. (1.24 $) |
+171.8 % |
| Tomato (1 lb) |
1.88 S/. (0.49 $) |
5.30 S/. (1.39 $) |
+182.7 % |
| Potato (1 lb) |
1.89 S/. (0.50 $) |
3.59 S/. (0.94 $) |
+90.0 % |
| Onion (1 lb) |
1.77 S/. (0.47 $) |
3.76 S/. (0.99 $) |
+111.8 % |
| Lettuce (1 head) |
2.98 S/. (0.78 $) |
7.89 S/. (2.08 $) |
+164.6 % |
| Water (1.5 liter bottle) |
2.90 S/. (0.76 $) |
5.75 S/. (1.51 $) |
+97.9 % |
| Bottle of Wine (Mid-Range) |
35.00 S/. (9.21 $) |
34.21 S/. (9.00 $) |
-2.3 % |
| Domestic Beer (0.5 liter bottle) |
5.85 S/. (1.54 $) |
4.59 S/. (1.21 $) |
-21.7 % |
| Imported Beer (12 oz small bottle) |
9.62 S/. (2.53 $) |
7.40 S/. (1.95 $) |
-23.1 % |
| Cigarettes 20 Pack (Marlboro) |
20.00 S/. (5.26 $) |
22.33 S/. (5.88 $) |
+11.7 % |
Transportation | Lima Edit |
Panama City Edit | |
| One-way Ticket (Local Transport) |
2.00 S/. (0.53 $) |
1.33 S/. (0.35 $) |
-33.5 % |
| Monthly Pass (Regular Price) |
77.61 S/. (20.42 $) |
95.02 S/. (25.00 $) |
+22.4 % |
| Taxi Start (Normal Tariff) |
10.00 S/. (2.63 $) |
8.55 S/. (2.25 $) |
-14.5 % |
| Taxi 1 mile (Normal Tariff) |
12.87 S/. (3.39 $) |
9.94 S/. (2.62 $) |
-22.8 % |
| Taxi 1hour Waiting (Normal Tariff) |
35.00 S/. (9.21 $) |
79.82 S/. (21.00 $) |
+128.1 % |
| Gasoline (1 gallon) |
20.89 S/. (5.50 $) |
14.01 S/. (3.69 $) |
-32.9 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
80,000.00 S/. (21,047.64 $) |
84,570.05 S/. (22,250.00 $) |
+5.7 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
93,828.57 S/. (24,685.88 $) |
77,897.35 S/. (20,494.44 $) |
-17.0 % |
Utilities (Monthly) | Lima Edit |
Panama City Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
246.03 S/. (64.73 $) |
458.99 S/. (120.76 $) |
+86.6 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
40.48 S/. (10.65 $) |
111.65 S/. (29.38 $) |
+175.8 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
111.40 S/. (29.31 $) |
196.46 S/. (51.69 $) |
+76.4 % |
Sports And Leisure | Lima Edit |
Panama City Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
114.17 S/. (30.04 $) |
163.12 S/. (42.92 $) |
+42.9 % |
| Tennis Court Rent (1 Hour on Weekend) |
69.29 S/. (18.23 $) |
85.52 S/. (22.50 $) |
+23.4 % |
| Cinema, International Release, 1 Seat |
29.00 S/. (7.63 $) |
26.61 S/. (7.00 $) |
-8.3 % |
Childcare | Lima Edit |
Panama City Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
856.25 S/. (225.28 $) |
1,575.00 S/. (414.38 $) |
+83.9 % |
| International Primary School, Yearly for 1 Child |
27,511.11 S/. (7,238.05 $) |
34,428.56 S/. (9,058.00 $) |
+25.1 % |
Clothing And Shoes | Lima Edit |
Panama City Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
154.24 S/. (40.58 $) |
204.08 S/. (53.69 $) |
+32.3 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
121.15 S/. (31.87 $) |
153.62 S/. (40.42 $) |
+26.8 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
307.45 S/. (80.89 $) |
327.59 S/. (86.19 $) |
+6.6 % |
| 1 Pair of Men Leather Business Shoes |
346.67 S/. (91.21 $) |
402.55 S/. (105.91 $) |
+16.1 % |
Rent Per Month | Lima Edit |
Panama City Edit | |
| Apartment (1 bedroom) in City Centre |
2,112.96 S/. (555.91 $) |
3,569.23 S/. (939.05 $) |
+68.9 % |
| Apartment (1 bedroom) Outside of Centre |
1,322.29 S/. (347.89 $) |
2,359.73 S/. (620.83 $) |
+78.5 % |
| Apartment (3 bedrooms) in City Centre |
3,862.23 S/. (1,016.14 $) |
7,570.13 S/. (1,991.67 $) |
+96.0 % |
| Apartment (3 bedrooms) Outside of Centre |
2,678.11 S/. (704.60 $) |
4,953.05 S/. (1,303.12 $) |
+84.9 % |
Buy Apartment Price | Lima Edit |
Panama City Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
552.57 S/. (145.38 $) |
896.02 S/. (235.74 $) |
+62.2 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
439.15 S/. (115.54 $) |
541.44 S/. (142.45 $) |
+23.3 % |
Salaries And Financing | Lima Edit |
Panama City Edit | |
| Average Monthly Net Salary (After Tax) |
1,683.76 S/. (442.99 $) |
3,370.50 S/. (886.76 $) |
+100.2 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 10.08 | 6.02 | -40.3 % |
| Last update: | May 2024 | June 2024 | |
| Contributors in the past 12 months: | 114 | 91 |
Moving to Lima? Explore:
Cities near Lima: | Cost of Living in Ica | 190.11 miles |
| Cost of Living in Cerro de Pasco | 191.70 miles |
Cities near Panama City: | Cost of Living in San Miguelito | 8.11 miles |
| Cost of Living in Tocumen | 15.44 miles |
| Cost of Living in Pacora | 19.85 miles |
| Cost of Living in El Coco | 33.93 miles |
| Cost of Living in Aguadulce | 127.78 miles |
| Cost of Living in Santiago | 161.98 miles |