Cost of Living Comparison Between Panama City and Santiago 
| Indices Difference |  |
|---|---|
| Consumer Prices in Santiago are 11.1% lower than in Panama City (without rent) | |
| Consumer Prices Including Rent in Santiago are 21.6% lower than in Panama City | |
| Rent Prices in Santiago are 44.5% lower than in Panama City | |
| Restaurant Prices in Santiago are 11.4% lower than in Panama City | |
| Groceries Prices in Santiago are 11.8% lower than in Panama City | |
| Local Purchasing Power in Santiago is 3.5% higher than in Panama City | |
Restaurants | Panama City Edit |
Santiago Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
12.00 $ (11,371.80 CL$) |
10.55 $ (10,000.00 CL$) |
-12.1 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
60.00 $ (56,859.00 CL$) |
52.76 $ (50,000.00 CL$) |
-12.1 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
8.25 $ (7,818.11 CL$) |
8.44 $ (8,000.00 CL$) |
+2.3 % |
| Domestic Beer (1 pint draught) |
2.50 $ (2,369.12 CL$) |
3.17 $ (3,000.00 CL$) |
+26.6 % |
| Imported Beer (12 oz small bottle) |
4.00 $ (3,790.60 CL$) |
4.22 $ (4,000.00 CL$) |
+5.5 % |
| Cappuccino (regular) |
3.70 $ (3,510.97 CL$) |
2.89 $ (2,739.62 CL$) |
-22.0 % |
| Coke/Pepsi (12 oz small bottle) |
1.76 $ (1,665.29 CL$) |
1.57 $ (1,486.34 CL$) |
-10.7 % |
| Water (12 oz small bottle) |
1.33 $ (1,264.42 CL$) |
1.27 $ (1,207.19 CL$) |
-4.5 % |
Markets | Panama City Edit |
Santiago Edit | |
| Milk (regular), (1 gallon) |
6.66 $ (6,311.92 CL$) |
4.73 $ (4,485.41 CL$) |
-28.9 % |
| Loaf of Fresh White Bread (1 lb) |
2.18 $ (2,065.20 CL$) |
1.44 $ (1,360.98 CL$) |
-34.1 % |
| Rice (white), (1 lb) |
0.95 $ (902.68 CL$) |
0.78 $ (740.06 CL$) |
-18.0 % |
| Eggs (regular) (12) |
2.54 $ (2,410.91 CL$) |
3.77 $ (3,572.99 CL$) |
+48.2 % |
| Local Cheese (1 lb) |
4.93 $ (4,674.83 CL$) |
4.98 $ (4,716.04 CL$) |
+0.9 % |
| Chicken Fillets (1 lb) |
3.39 $ (3,210.96 CL$) |
3.02 $ (2,860.47 CL$) |
-10.9 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
4.06 $ (3,851.76 CL$) |
5.79 $ (5,484.91 CL$) |
+42.4 % |
| Apples (1 lb) |
1.40 $ (1,327.48 CL$) |
0.91 $ (866.60 CL$) |
-34.7 % |
| Banana (1 lb) |
0.62 $ (591.15 CL$) |
0.74 $ (698.32 CL$) |
+18.1 % |
| Oranges (1 lb) |
1.30 $ (1,227.29 CL$) |
0.80 $ (762.43 CL$) |
-37.9 % |
| Tomato (1 lb) |
1.41 $ (1,331.64 CL$) |
0.81 $ (771.58 CL$) |
-42.1 % |
| Potato (1 lb) |
0.94 $ (891.24 CL$) |
0.73 $ (691.23 CL$) |
-22.4 % |
| Onion (1 lb) |
0.97 $ (923.88 CL$) |
0.65 $ (615.49 CL$) |
-33.4 % |
| Lettuce (1 head) |
2.18 $ (2,063.65 CL$) |
1.11 $ (1,055.17 CL$) |
-48.9 % |
| Water (1.5 liter bottle) |
1.44 $ (1,360.16 CL$) |
1.20 $ (1,139.43 CL$) |
-16.2 % |
| Bottle of Wine (Mid-Range) |
9.00 $ (8,528.85 CL$) |
5.28 $ (5,000.00 CL$) |
-41.4 % |
| Domestic Beer (0.5 liter bottle) |
1.20 $ (1,132.80 CL$) |
1.40 $ (1,331.26 CL$) |
+17.5 % |
| Imported Beer (12 oz small bottle) |
1.86 $ (1,759.47 CL$) |
2.49 $ (2,364.29 CL$) |
+34.4 % |
| Cigarettes 20 Pack (Marlboro) |
5.75 $ (5,448.99 CL$) |
5.28 $ (5,000.00 CL$) |
-8.2 % |
Transportation | Panama City Edit |
Santiago Edit | |
| One-way Ticket (Local Transport) |
0.35 $ (331.68 CL$) |
0.84 $ (800.00 CL$) |
+141.2 % |
| Monthly Pass (Regular Price) |
25.00 $ (23,691.25 CL$) |
42.21 $ (40,000.00 CL$) |
+68.8 % |
| Taxi Start (Normal Tariff) |
2.00 $ (1,895.30 CL$) |
0.42 $ (400.00 CL$) |
-78.9 % |
| Taxi 1 mile (Normal Tariff) |
2.41 $ (2,287.64 CL$) |
2.34 $ (2,212.85 CL$) |
-3.3 % |
| Taxi 1hour Waiting (Normal Tariff) |
20.00 $ (18,953.00 CL$) |
9.50 $ (9,000.00 CL$) |
-52.5 % |
| Gasoline (1 gallon) |
3.69 $ (3,501.12 CL$) |
5.16 $ (4,893.84 CL$) |
+39.8 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
22,250.00 $ (21,085,212.50 CL$) |
16,883.87 $ (16,000,000.00 CL$) |
-24.1 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
20,494.44 $ (19,421,560.28 CL$) |
19,723.43 $ (18,690,909.09 CL$) |
-3.8 % |
Utilities (Monthly) | Panama City Edit |
Santiago Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
112.65 $ (106,749.86 CL$) |
151.87 $ (143,917.80 CL$) |
+34.8 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
29.33 $ (27,797.73 CL$) |
11.53 $ (10,924.29 CL$) |
-60.7 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
51.82 $ (49,107.22 CL$) |
21.55 $ (20,418.46 CL$) |
-58.4 % |
Sports And Leisure | Panama City Edit |
Santiago Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
40.93 $ (38,790.47 CL$) |
39.51 $ (37,438.46 CL$) |
-3.5 % |
| Tennis Court Rent (1 Hour on Weekend) |
25.00 $ (23,691.25 CL$) |
19.60 $ (18,572.40 CL$) |
-21.6 % |
| Cinema, International Release, 1 Seat |
7.00 $ (6,633.55 CL$) |
6.12 $ (5,800.00 CL$) |
-12.6 % |
Childcare | Panama City Edit |
Santiago Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
408.12 $ (386,759.66 CL$) |
394.89 $ (374,220.25 CL$) |
-3.2 % |
| International Primary School, Yearly for 1 Child |
9,675.75 $ (9,169,224.49 CL$) |
6,430.96 $ (6,094,297.58 CL$) |
-33.5 % |
Clothing And Shoes | Panama City Edit |
Santiago Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
53.94 $ (51,113.87 CL$) |
53.14 $ (50,354.49 CL$) |
-1.5 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
40.79 $ (38,650.58 CL$) |
31.35 $ (29,704.29 CL$) |
-23.1 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
82.58 $ (78,255.94 CL$) |
72.38 $ (68,595.60 CL$) |
-12.3 % |
| 1 Pair of Men Leather Business Shoes |
92.86 $ (87,996.07 CL$) |
77.96 $ (73,878.46 CL$) |
-16.0 % |
Rent Per Month | Panama City Edit |
Santiago Edit | |
| Apartment (1 bedroom) in City Centre |
925.91 $ (877,437.75 CL$) |
529.19 $ (501,486.73 CL$) |
-42.8 % |
| Apartment (1 bedroom) Outside of Centre |
598.61 $ (567,273.82 CL$) |
447.20 $ (423,793.10 CL$) |
-25.3 % |
| Apartment (3 bedrooms) in City Centre |
2,048.00 $ (1,940,787.20 CL$) |
902.44 $ (855,200.60 CL$) |
-55.9 % |
| Apartment (3 bedrooms) Outside of Centre |
1,194.12 $ (1,131,605.59 CL$) |
804.45 $ (762,333.33 CL$) |
-32.6 % |
Buy Apartment Price | Panama City Edit |
Santiago Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
228.61 $ (216,638.41 CL$) |
224.07 $ (212,336.96 CL$) |
-2.0 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
135.37 $ (128,285.16 CL$) |
239.87 $ (227,309.35 CL$) |
+77.2 % |
Salaries And Financing | Panama City Edit |
Santiago Edit | |
| Average Monthly Net Salary (After Tax) |
861.84 $ (816,724.67 CL$) |
699.54 $ (662,914.94 CL$) |
-18.8 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.07 | 5.28 | -13.0 % |
| Last update: | April 2024 | April 2024 | |
| Contributors in the past 12 months: | 86 | 179 |
Moving to Santiago? Explore:
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 |
Cities near Santiago: | Cost of Living in San Bernardo | 16.18 miles |
| Cost of Living in Valparaiso | 73.75 miles |
| Cost of Living in Vina del Mar | 86.99 miles |
| Cost of Living in Linares | 196.99 miles |