Cost of Living Comparison Between Lima and Panama City 
| Indices Difference |  |
|---|---|
| Consumer Prices in Panama City are 39.7% higher than in Lima (without rent) | |
| Consumer Prices Including Rent in Panama City are 50.6% higher than in Lima | |
| Rent Prices in Panama City are 81.5% higher than in Lima | |
| Restaurant Prices in Panama City are 83.9% higher than in Lima | |
| Groceries Prices in Panama City are 38.8% higher than in Lima | |
| Local Purchasing Power in Panama City is 34.0% higher than in Lima | |
Restaurants | Lima Edit |
Panama City Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
15.00 S/. (4.03 $) |
44.67 S/. (12.00 $) |
+197.8 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
135.00 S/. (36.26 $) |
223.36 S/. (60.00 $) |
+65.5 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
22.00 S/. (5.91 $) |
30.71 S/. (8.25 $) |
+39.6 % |
| Domestic Beer (1 pint draught) |
8.00 S/. (2.15 $) |
9.31 S/. (2.50 $) |
+16.3 % |
| Imported Beer (12 oz small bottle) |
15.00 S/. (4.03 $) |
14.89 S/. (4.00 $) |
-0.7 % |
| Cappuccino (regular) |
9.89 S/. (2.66 $) |
13.79 S/. (3.70 $) |
+39.4 % |
| Coke/Pepsi (12 oz small bottle) |
3.22 S/. (0.86 $) |
6.54 S/. (1.76 $) |
+103.4 % |
| Water (12 oz small bottle) |
2.03 S/. (0.55 $) |
4.97 S/. (1.33 $) |
+144.5 % |
Markets | Lima Edit |
Panama City Edit | |
| Milk (regular), (1 gallon) |
18.35 S/. (4.93 $) |
24.80 S/. (6.66 $) |
+35.1 % |
| Loaf of Fresh White Bread (1 lb) |
7.88 S/. (2.12 $) |
8.11 S/. (2.18 $) |
+2.9 % |
| Rice (white), (1 lb) |
2.07 S/. (0.56 $) |
3.55 S/. (0.95 $) |
+71.1 % |
| Eggs (regular) (12) |
9.94 S/. (2.67 $) |
9.47 S/. (2.54 $) |
-4.7 % |
| Local Cheese (1 lb) |
12.16 S/. (3.27 $) |
18.36 S/. (4.93 $) |
+51.0 % |
| Chicken Fillets (1 lb) |
8.81 S/. (2.37 $) |
12.61 S/. (3.39 $) |
+43.2 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
16.36 S/. (4.39 $) |
15.13 S/. (4.06 $) |
-7.5 % |
| Apples (1 lb) |
2.96 S/. (0.80 $) |
5.21 S/. (1.40 $) |
+76.0 % |
| Banana (1 lb) |
1.83 S/. (0.49 $) |
2.32 S/. (0.62 $) |
+26.7 % |
| Oranges (1 lb) |
1.73 S/. (0.46 $) |
4.82 S/. (1.30 $) |
+178.8 % |
| Tomato (1 lb) |
1.81 S/. (0.48 $) |
5.23 S/. (1.41 $) |
+189.8 % |
| Potato (1 lb) |
1.77 S/. (0.48 $) |
3.50 S/. (0.94 $) |
+97.7 % |
| Onion (1 lb) |
1.80 S/. (0.48 $) |
3.63 S/. (0.97 $) |
+101.4 % |
| Lettuce (1 head) |
3.01 S/. (0.81 $) |
8.11 S/. (2.18 $) |
+169.2 % |
| Water (1.5 liter bottle) |
2.87 S/. (0.77 $) |
5.34 S/. (1.44 $) |
+86.0 % |
| Bottle of Wine (Mid-Range) |
36.00 S/. (9.67 $) |
33.50 S/. (9.00 $) |
-6.9 % |
| Domestic Beer (0.5 liter bottle) |
5.74 S/. (1.54 $) |
4.45 S/. (1.20 $) |
-22.4 % |
| Imported Beer (12 oz small bottle) |
9.36 S/. (2.51 $) |
6.91 S/. (1.86 $) |
-26.1 % |
| Cigarettes 20 Pack (Marlboro) |
20.00 S/. (5.37 $) |
21.41 S/. (5.75 $) |
+7.0 % |
Transportation | Lima Edit |
Panama City Edit | |
| One-way Ticket (Local Transport) |
2.00 S/. (0.54 $) |
1.30 S/. (0.35 $) |
-34.9 % |
| Monthly Pass (Regular Price) |
77.61 S/. (20.85 $) |
93.07 S/. (25.00 $) |
+19.9 % |
| Taxi Start (Normal Tariff) |
12.00 S/. (3.22 $) |
7.45 S/. (2.00 $) |
-38.0 % |
| Taxi 1 mile (Normal Tariff) |
12.87 S/. (3.46 $) |
8.99 S/. (2.41 $) |
-30.2 % |
| Taxi 1hour Waiting (Normal Tariff) |
32.50 S/. (8.73 $) |
74.45 S/. (20.00 $) |
+129.1 % |
| Gasoline (1 gallon) |
20.89 S/. (5.61 $) |
13.75 S/. (3.69 $) |
-34.2 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
80,000.00 S/. (21,490.05 $) |
82,829.03 S/. (22,250.00 $) |
+3.5 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
93,828.57 S/. (25,204.76 $) |
76,293.71 S/. (20,494.44 $) |
-18.7 % |
Utilities (Monthly) | Lima Edit |
Panama City Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
231.29 S/. (62.13 $) |
419.35 S/. (112.65 $) |
+81.3 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
40.48 S/. (10.88 $) |
109.20 S/. (29.33 $) |
+169.7 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
108.10 S/. (29.04 $) |
192.91 S/. (51.82 $) |
+78.4 % |
Sports And Leisure | Lima Edit |
Panama City Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
114.24 S/. (30.69 $) |
152.38 S/. (40.93 $) |
+33.4 % |
| Tennis Court Rent (1 Hour on Weekend) |
55.62 S/. (14.94 $) |
93.07 S/. (25.00 $) |
+67.3 % |
| Cinema, International Release, 1 Seat |
25.00 S/. (6.72 $) |
26.06 S/. (7.00 $) |
+4.2 % |
Childcare | Lima Edit |
Panama City Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
933.33 S/. (250.72 $) |
1,519.31 S/. (408.12 $) |
+62.8 % |
| International Primary School, Yearly for 1 Child |
27,511.11 S/. (7,390.19 $) |
36,019.46 S/. (9,675.75 $) |
+30.9 % |
Clothing And Shoes | Lima Edit |
Panama City Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
163.62 S/. (43.95 $) |
200.79 S/. (53.94 $) |
+22.7 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
118.74 S/. (31.90 $) |
151.83 S/. (40.79 $) |
+27.9 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
304.71 S/. (81.85 $) |
307.41 S/. (82.58 $) |
+0.9 % |
| 1 Pair of Men Leather Business Shoes |
340.62 S/. (91.50 $) |
345.67 S/. (92.86 $) |
+1.5 % |
Rent Per Month | Lima Edit |
Panama City Edit | |
| Apartment (1 bedroom) in City Centre |
2,078.38 S/. (558.30 $) |
3,446.84 S/. (925.91 $) |
+65.8 % |
| Apartment (1 bedroom) Outside of Centre |
1,352.76 S/. (363.39 $) |
2,228.42 S/. (598.61 $) |
+64.7 % |
| Apartment (3 bedrooms) in City Centre |
3,778.13 S/. (1,014.90 $) |
7,623.99 S/. (2,048.00 $) |
+101.8 % |
| Apartment (3 bedrooms) Outside of Centre |
2,651.30 S/. (712.21 $) |
4,445.29 S/. (1,194.12 $) |
+67.7 % |
Buy Apartment Price | Lima Edit |
Panama City Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
548.81 S/. (147.42 $) |
851.02 S/. (228.61 $) |
+55.1 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
438.25 S/. (117.72 $) |
503.94 S/. (135.37 $) |
+15.0 % |
Salaries And Financing | Lima Edit |
Panama City Edit | |
| Average Monthly Net Salary (After Tax) |
1,590.41 S/. (427.22 $) |
3,208.34 S/. (861.84 $) |
+101.7 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 9.58 | 6.07 | -36.6 % |
| Last update: | May 2024 | April 2024 | |
| Contributors in the past 12 months: | 110 | 86 |
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 |