Cost of Living Comparison Between Panama and Ecuador 
| Indices Difference |  |
|---|---|
| Consumer Prices in Ecuador are 29.2% lower than in Panama (without rent) | |
| Consumer Prices Including Rent in Ecuador are 37.2% lower than in Panama | |
| Rent Prices in Ecuador are 57.3% lower than in Panama | |
| Restaurant Prices in Ecuador are 41.8% lower than in Panama | |
| Groceries Prices in Ecuador are 27.3% lower than in Panama | |
| Local Purchasing Power in Ecuador is 0.3% lower 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 | 60.00 $ | 36.00 $ | -40.0 % |
| McMeal at McDonalds (or Equivalent Combo Meal) | 8.00 $ | 7.00 $ | -12.5 % |
| Domestic Beer (1 pint draught) | 2.00 $ | 2.00 $ | 0.0 % |
| Imported Beer (12 oz small bottle) | 3.12 $ | 3.50 $ | +12.0 % |
| Cappuccino (regular) | 3.49 $ | 2.46 $ | -29.6 % |
| Coke/Pepsi (12 oz small bottle) | 1.57 $ | 0.99 $ | -36.9 % |
| Water (12 oz small bottle) | 1.22 $ | 0.68 $ | -44.3 % |
Markets | Panama Edit |
Ecuador Edit | |
| Milk (regular), (1 gallon) | 6.55 $ | 4.15 $ | -36.6 % |
| Loaf of Fresh White Bread (1 lb) | 2.11 $ | 1.53 $ | -27.3 % |
| Rice (white), (1 lb) | 0.95 $ | 0.65 $ | -31.4 % |
| Eggs (regular) (12) | 2.48 $ | 2.08 $ | -16.0 % |
| Local Cheese (1 lb) | 4.71 $ | 2.75 $ | -41.6 % |
| Chicken Fillets (1 lb) | 3.27 $ | 2.70 $ | -17.5 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) | 3.75 $ | 3.12 $ | -17.0 % |
| Apples (1 lb) | 1.46 $ | 1.00 $ | -31.6 % |
| Banana (1 lb) | 0.60 $ | 0.56 $ | -7.0 % |
| Oranges (1 lb) | 1.26 $ | 0.61 $ | -51.8 % |
| Tomato (1 lb) | 1.33 $ | 0.59 $ | -55.4 % |
| Potato (1 lb) | 0.95 $ | 0.53 $ | -43.8 % |
| Onion (1 lb) | 0.96 $ | 0.48 $ | -49.9 % |
| Lettuce (1 head) | 1.93 $ | 0.71 $ | -63.1 % |
| Water (1.5 liter bottle) | 1.51 $ | 1.12 $ | -26.0 % |
| Bottle of Wine (Mid-Range) | 9.00 $ | 10.00 $ | +11.1 % |
| Domestic Beer (0.5 liter bottle) | 1.15 $ | 1.61 $ | +39.9 % |
| Imported Beer (12 oz small bottle) | 1.88 $ | 2.62 $ | +39.3 % |
| Cigarettes 20 Pack (Marlboro) | 5.62 $ | 6.00 $ | +6.7 % |
Transportation | Panama Edit |
Ecuador Edit | |
| One-way Ticket (Local Transport) | 0.50 $ | 0.35 $ | -30.0 % |
| Monthly Pass (Regular Price) | 25.00 $ | 20.00 $ | -20.0 % |
| Taxi Start (Normal Tariff) | 2.00 $ | 1.50 $ | -25.0 % |
| Taxi 1 mile (Normal Tariff) | 2.82 $ | 2.41 $ | -14.3 % |
| Taxi 1hour Waiting (Normal Tariff) | 20.00 $ | 10.00 $ | -50.0 % |
| Gasoline (1 gallon) | 3.71 $ | 2.47 $ | -33.3 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) | 24,250.00 $ | 21,500.00 $ | -11.3 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) | 20,188.46 $ | 27,015.80 $ | +33.8 % |
Utilities (Monthly) | Panama Edit |
Ecuador Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment | 98.77 $ | 48.05 $ | -51.4 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data | 29.71 $ | 12.62 $ | -57.5 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | 49.07 $ | 35.58 $ | -27.5 % |
Sports And Leisure | Panama Edit |
Ecuador Edit | |
| Fitness Club, Monthly Fee for 1 Adult | 47.54 $ | 34.80 $ | -26.8 % |
| Tennis Court Rent (1 Hour on Weekend) | 31.50 $ | 16.39 $ | -48.0 % |
| 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 | 361.11 $ | 236.00 $ | -34.6 % |
| International Primary School, Yearly for 1 Child | 8,240.60 $ | 6,430.91 $ | -22.0 % |
Clothing And Shoes | Panama Edit |
Ecuador Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) | 48.95 $ | 53.33 $ | +8.9 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) | 39.26 $ | 48.47 $ | +23.5 % |
| 1 Pair of Nike Running Shoes (Mid-Range) | 78.78 $ | 100.80 $ | +27.9 % |
| 1 Pair of Men Leather Business Shoes | 85.26 $ | 84.32 $ | -1.1 % |
Rent Per Month | Panama Edit |
Ecuador Edit | |
| Apartment (1 bedroom) in City Centre | 795.57 $ | 360.82 $ | -54.6 % |
| Apartment (1 bedroom) Outside of Centre | 540.94 $ | 277.18 $ | -48.8 % |
| Apartment (3 bedrooms) in City Centre | 1,753.12 $ | 620.27 $ | -64.6 % |
| Apartment (3 bedrooms) Outside of Centre | 1,000.92 $ | 488.57 $ | -51.2 % |
Buy Apartment Price | Panama Edit |
Ecuador Edit | |
| Price per Square Feet to Buy Apartment in City Centre | 217.23 $ | 121.32 $ | -44.2 % |
| Price per Square Feet to Buy Apartment Outside of Centre | 130.06 $ | 106.95 $ | -17.8 % |
Salaries And Financing | Panama Edit |
Ecuador Edit | |
| Average Monthly Net Salary (After Tax) | 792.59 $ | 495.90 $ | -37.4 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.20 | 10.37 | +67.3 % |
| Last update: | April 2024 | May 2024 | |
| Contributors in the past 12 months: | 117 | 161 |
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