Cost of Living Comparison Between Panama and Ecuador 
| Indices Difference |  |
|---|---|
| Cost of Living in Ecuador is 33.0% lower than in Panama (excluding rent) | |
| Cost of Living Including Rent in Ecuador is 42.6% lower than in Panama | |
| Rent Prices in Ecuador are 65.7% lower than in Panama | |
| Restaurant Prices in Ecuador are 37.0% lower than in Panama | |
| Groceries Prices in Ecuador are 33.9% lower than in Panama | |
| Local Purchasing Power in Ecuador is 6.1% 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 $ | 31.00 $ | -38.0 % |
| 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 $ | 2.45 $ | -29.5 % |
| Coke/Pepsi (12 oz small bottle) | 1.48 $ | 0.97 $ | -34.1 % |
| Water (12 oz small bottle) | 1.22 $ | 0.68 $ | -44.8 % |
Markets | Panama Edit |
Ecuador Edit | |
| Milk (regular), (1 gallon) | 6.85 $ | 4.11 $ | -40.0 % |
| Loaf of Fresh White Bread (1 lb) | 2.21 $ | 1.46 $ | -33.9 % |
| Rice (white), (1 lb) | 1.04 $ | 0.68 $ | -35.3 % |
| Eggs (regular) (12) | 2.67 $ | 2.10 $ | -21.1 % |
| Local Cheese (1 lb) | 5.31 $ | 2.85 $ | -46.4 % |
| Chicken Fillets (1 lb) | 3.29 $ | 2.54 $ | -22.9 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) | 4.08 $ | 3.02 $ | -26.0 % |
| Apples (1 lb) | 1.83 $ | 0.92 $ | -49.9 % |
| Banana (1 lb) | 0.60 $ | 0.50 $ | -16.6 % |
| Oranges (1 lb) | 1.27 $ | 0.58 $ | -54.4 % |
| Tomato (1 lb) | 1.33 $ | 0.56 $ | -57.9 % |
| Potato (1 lb) | 0.95 $ | 0.55 $ | -42.8 % |
| Onion (1 lb) | 1.05 $ | 0.47 $ | -55.0 % |
| Lettuce (1 head) | 2.08 $ | 0.66 $ | -68.4 % |
| Water (1.5 liter bottle) | 1.56 $ | 1.12 $ | -28.4 % |
| Bottle of Wine (Mid-Range) | 10.00 $ | 10.00 $ | 0.0 % |
| Domestic Beer (0.5 liter bottle) | 1.20 $ | 1.72 $ | +42.7 % |
| Imported Beer (12 oz small bottle) | 2.15 $ | 2.74 $ | +27.8 % |
| 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) | 2.25 $ | 1.50 $ | -33.3 % |
| 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) | 3.51 $ | 2.52 $ | -28.2 % |
| 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 $ | 27,541.82 $ | +28.3 % |
Utilities (Monthly) | Panama Edit |
Ecuador Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment | 109.00 $ | 44.40 $ | -59.3 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data | 29.47 $ | 13.26 $ | -55.0 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | 48.80 $ | 31.16 $ | -36.1 % |
Sports And Leisure | Panama Edit |
Ecuador Edit | |
| Fitness Club, Monthly Fee for 1 Adult | 52.40 $ | 32.23 $ | -38.5 % |
| Tennis Court Rent (1 Hour on Weekend) | 37.50 $ | 14.76 $ | -60.6 % |
| 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 $ | 247.87 $ | -44.5 % |
| International Primary School, Yearly for 1 Child | 10,425.00 $ | 6,038.10 $ | -42.1 % |
Clothing And Shoes | Panama Edit |
Ecuador Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) | 48.27 $ | 55.41 $ | +14.8 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) | 41.15 $ | 47.00 $ | +14.2 % |
| 1 Pair of Nike Running Shoes (Mid-Range) | 83.67 $ | 98.69 $ | +18.0 % |
| 1 Pair of Men Leather Business Shoes | 110.45 $ | 79.38 $ | -28.1 % |
Rent Per Month | Panama Edit |
Ecuador Edit | |
| Apartment (1 bedroom) in City Centre | 920.45 $ | 337.22 $ | -63.4 % |
| Apartment (1 bedroom) Outside of Centre | 698.62 $ | 273.82 $ | -60.8 % |
| Apartment (3 bedrooms) in City Centre | 1,805.53 $ | 577.82 $ | -68.0 % |
| Apartment (3 bedrooms) Outside of Centre | 1,351.92 $ | 450.26 $ | -66.7 % |
Buy Apartment Price | Panama Edit |
Ecuador Edit | |
| Price per Square Feet to Buy Apartment in City Centre | 200.90 $ | 106.38 $ | -47.0 % |
| Price per Square Feet to Buy Apartment Outside of Centre | 143.56 $ | 105.07 $ | -26.8 % |
Salaries And Financing | Panama Edit |
Ecuador Edit | |
| Average Monthly Net Salary (After Tax) | 826.28 $ | 503.16 $ | -39.1 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.30 | 10.01 | +59.0 % |
| Last update: | March 2025 | April 2025 | |
| Contributors in the past 12 months: | 90 | 128 |
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