Cost of living in Panama City (Panama) is 24% more expensive than in Guatemala City (Guatemala)
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This comparison is based on abundant and consistent data. It is based on 1,037 prices entered by 113 different people.
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Currency:
| Food | + 34% | |||
|---|---|---|---|---|
| Food in Panama City (Panama) is 34% more expensive than in Guatemala City (Guatemala) | ||||
| Update prices | Update prices | |||
| Panama City | Guatemala City | Diff | ||
| Basic lunchtime menu (including a drink) in the business district | 17 B/. (Q130) | Q83 | + 57% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 8 B/. (Q63) | Q47 | + 32% | |
| 500 gr (1 lb.) of boneless chicken breast | 3.46 B/. (Q27) | Q28 | - 4% | |
| 1 liter (1 qt.) of whole fat milk | 2.19 B/. (Q17) | Q14 | + 27% | |
| 12 eggs, large | 2.95 B/. (Q23) | Q19 | + 21% | |
| 1 kg (2 lb.) of tomatoes | 2.26 B/. (Q18) | Q11 | + 69% | |
| 500 gr (16 oz.) of local cheese | 7 B/. (Q57) | Q41 | + 39% | |
| 1 kg (2 lb.) of apples | 2.95 B/. (Q23) | Q24 | - 3% | |
| 1 kg (2 lb.) of potatoes | 2.08 B/. (Q16) | Q9 | + 75% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 1.34 B/. (Q11) | Q11 | - 1% | |
| 1 bottle of red table wine, good quality | 14 B/. (Q112) | Q80 | + 40% | |
| 2 liters of coca-cola | 2.54 B/. (Q20) | Q17 | + 20% | |
| Bread for 2 people for 1 day | 1.59 B/. (Q13) | Q8 | + 61% | |
| Housing | + 47% | |||
| Housing in Panama City (Panama) is 47% more expensive than in Guatemala City (Guatemala) | ||||
| Update prices | Update prices | |||
| Panama City | Guatemala City | Diff | ||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 1,500 B/. (Q11,804) | Q8,180 | + 44% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 925 B/. (Q7,281) | Q5,631 | + 29% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 165 B/. (Q1,298) | Q590 | + 120% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 1,040 B/. (Q8,182) | Q5,628 | + 45% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 600 B/. (Q4,719) | Q3,113 | + 52% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 88 B/. (Q690) | Q407 | + 69% | |
| Internet 8 mbps (1 month) | 43 B/. (Q338) | Q196 | + 72% | |
| 40” flat screen tv | 351 B/. (Q2,761) | Q3,192 | - 14% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 99 B/. (Q783) | Q765 | + 2% | |
| Laundry detergent (3 l. ~ 100 oz.) | 9 B/. (Q70) | Q92 | - 24% | |
| Hourly rate for cleaning help | 4.57 B/. (Q36) | Q30 | + 20% | |
| Clothes | - 11% | |||
| Clothes in Panama City (Panama) is 11% cheaper than in Guatemala City (Guatemala) | ||||
| Update prices | Update prices | |||
| Panama City | Guatemala City | Diff | ||
| 1 pair of jeans (levis 501 or similar) | 54 B/. (Q424) | Q479 | - 12% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 37 B/. (Q291) | Q341 | - 15% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 86 B/. (Q677) | Q741 | - 9% | |
| 1 pair of men’s leather business shoes | 86 B/. (Q680) | Q666 | + 2% | |
| Transportation | - 1% | |||
| Transportation in Panama City (Panama) is about the same as in Guatemala City (Guatemala) | ||||
| Update prices | Update prices | |||
| Panama City | Guatemala City | Diff | ||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 19,852 B/. (Q156,239) | Q170,947 | - 9% | |
| 1 liter (1/4 gallon) of gas | 1.21 B/. (Q10) | Q9 | + 3% | |
| Monthly ticket public transport | 32 B/. (Q248) | Q233 | + 6% | |
| Taxi trip on a business day, basic tariff, 8 km. (5 miles) | 8 B/. (Q61) | Q88 | - 30% | |
| Personal Care | + 16% | |||
| Personal Care in Panama City (Panama) is 16% more expensive than in Guatemala City (Guatemala) | ||||
| Update prices | Update prices | |||
| Panama City | Guatemala City | Diff | ||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 8 B/. (Q64) | Q35 | + 85% | |
| 1 box of antibiotics (12 doses) | 22 B/. (Q172) | Q187 | - 8% | |
| Short visit to private doctor (15 minutes) | 49 B/. (Q385) | Q264 | + 46% | |
| 1 box of 32 tampons (tampax, ob, ...) | 7 B/. (Q58) | Q50 | + 15% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 4.03 B/. (Q32) | Q38 | - 16% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 7 B/. (Q57) | Q50 | + 13% | |
| 4 rolls of toilet paper | 3.45 B/. (Q27) | Q18 | + 48% | |
| Tube of toothpaste | 3.63 B/. (Q29) | Q13 | + 114% | |
| Standard men's haircut in expat area of the city | 17 B/. (Q130) | Q85 | + 52% | |
| Entertainment | + 36% | |||
| Entertainment in Panama City (Panama) is 36% more expensive than in Guatemala City (Guatemala) | ||||
| Update prices | Update prices | |||
| Panama City | Guatemala City | Diff | ||
| Basic dinner out for two in neighborhood pub | 36 B/. (Q283) | Q139 | + 103% | |
| 2 tickets to the movies | 14 B/. (Q108) | Q87 | + 24% | |
| 2 tickets to the theater (best available seats) | 45 B/. (Q357) | Q220 | + 62% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 57 B/. (Q451) | Q330 | + 37% | |
| 1 cocktail drink in downtown club | 10 B/. (Q75) | Q55 | + 36% | |
| Cappuccino in expat area of the city | 5.71 B/. (Q45) | Q28 | + 63% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 2.84 B/. (Q22) | Q20 | + 12% | |
| Ipad wi-fi 128gb | 680 B/. (Q5,353) | Q5,283 | + 1% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 0.32 B/. (Q2.55) | Q1.55 | + 64% | |
| 1 month of gym membership in business district | 51 B/. (Q401) | Q440 | - 9% | |
| 1 package of marlboro cigarettes | 5.97 B/. (Q47) | Q24 | + 95% | |
 |
TOTAL | + 24% | ||
These prices were last updated on September 20, 2023.
Exchange rate:
7.870
GTQ
/
PAB
This comparison is based on abundant and consistent data. It is based on 1,037 prices entered by 113 different people.
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