Last update: Oct 2026

Cost of Living Comparison Between Santiago, Panama and Lisbon

For one person, living is cheaper in Santiago: $1,442 a month against $2,210 in Lisbon, rent and utilities included – about $9,200 less a year. Rent and utilities account for most of the difference.

69

Cost of Living Index in Santiago
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Santiago Living Index
107

Cost of Living Index in Lisbon
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Lisbon Living Index

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Santiago

🇵🇦 Panama

$1,442

/mo nomad

Lisbon

🇵🇹 Portugal

$2,210

/mo nomad

Monthly Cost of Living

How much you'll spend in Santiago and in Lisbon

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Santiago and in Lisbon actually costs, broken down by who's living it.

Monthly costs for one person with rent: $1,442 in Santiago versus $2,210 in Lisbon.

Santiago $1,442
Lisbon $2,210

Estimated couple costs with rent: $2,119 in Santiago versus $3,275 in Lisbon.

Santiago $2,119
Lisbon $3,275

Monthly costs for a family of three with rent: $2,796 in Santiago versus $4,341 in Lisbon.

Santiago $2,796
Lisbon $4,341

Living in Santiago costs roughly 35% less than in Lisbon, and outside of rent the biggest gap is in eating out.

Both cities are pricier than the global median: Santiago 6% above, Lisbon 62% above.

Meal at Budget Restaurant

$4.44 PAB 4.44

$16.65 €14.96

-73.33%

Three-Course Dinner for Two, Mid-Range

$29.53 PAB 29.53

$61.7 €55.5

-52.17%

Fast Food Meal (McDonalds, etc)

$5.02 PAB 5.02

$11.36 €10.20

-55.81%

Cappuccino

$4.04 PAB 4.04

$2.97 €2.67

36.03%

Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)

$0.73 PAB 0.73

$2.29 €2.06

-68.12%

Water (0.33 liter bottle)

$0.77 PAB 0.77

$1.74 €1.56

-55.75%

Local Beer (0.5 liter draught)

$0.97 PAB 0.97

$3.40 €3.06

-71.47%

Imported Beer (0.33 liter bottle)

$2.03 PAB 2.03

$3.31 €2.97

-38.67%

Milk (1 liter)

$1.84 PAB 1.84

$1.16 €1.04

58.62%

White Bread (500g)

$2.58 PAB 2.58

$1.91 €1.72

35.08%

Rice (white) (1kg)

$3.38 PAB 3.38

$1.51 €1.36

123.84%

Eggs

$2.68 PAB 2.68

$4.02 €3.61

-33.33%

Local Cheese (1kg)

$12.25 PAB 12.25

$12.94 €11.62

-5.33%

Chicken Fillets (1kg)

$6.88 PAB 6.88

$7.77 €6.99

-11.45%

Beef Round Steak (1kg)

$10.59 PAB 10.59

$17.76 €15.96

-40.37%

Apples (1kg)

$4.13 PAB 4.13

$2.30 €2.07

79.57%

Banana (1kg)

$1.89 PAB 1.89

$1.73 €1.56

9.25%

Oranges (1kg)

$4.09 PAB 4.09

$1.86 €1.67

119.89%

Tomato (1kg)

$4.05 PAB 4.05

$2.59 €2.33

56.37%

Potato (1kg)

$3.36 PAB 3.36

$1.82 €1.64

84.62%

Onion (1kg)

$4.19 PAB 4.19

$1.97 €1.77

112.69%

Lettuce (1 head)

$2.39 PAB 2.39

$1.47 €1.32

62.59%

Water (1.5 liter bottle)

$1.78 PAB 1.78

$0.72 €0.65

147.22%

Cigarettes 20 Pack (Marlboro, Camel)

$6.17 PAB 6.17

$6.58 €5.92

-6.23%

Wine (Bottle)

$11.46 PAB 11.46

$5.61 €5.04

104.28%

Local Beer (0.5 liter bottle)

$1.43 PAB 1.43

$1.36 €1.22

5.15%

Imported Beer (0.33 liter bottle)

$2.83 PAB 2.83

$2.14 €1.92

32.24%

One-way Ticket (Public Transport)

$2.33 €2.10

Public Transport Monthly Pass (Regular Price)

$44.68 €40.14

Taxi Start (Normal Tariff)

$2.48 PAB 2.48

$3.85 €3.46

-35.58%

Taxi (Normal Tariff) (1km)

$1.86 PAB 1.86

$1.07 €0.96

73.83%

Taxi 1hour Waiting (Normal Tariff)

$22.36 PAB 22.36

$16.46 €14.79

35.84%

Gasoline (1 liter)

$1.18 PAB 1.18

$2.20 €1.98

-46.36%

Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)

$24.3K PAB 24.3K

$34.2K €30.7K

-28.95%

Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)

$21.5K PAB 21.5K

$38.7K €34.8K

-44.41%

Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)

$120 PAB 120

$161 €145

-25.66%

SIM Card Monthly Plan (Calls and 10GB+ Data)

$14.90 PAB 14.90

$18.41 €16.54

-19.07%

Internet (50+ Mbps, Unlimited Data)

$43.49 PAB 43.49

$32.74 €29.41

32.83%

Gym Membership (Monthly)

$44.55 €40.03

Tennis Court (1 Hour on Weekend)

$19.10 €17.16

Cinema Ticket

$8.26 PAB 8.26

$9.60 €8.62

-13.96%

Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)

$533 PAB 533

$668 €600

-20.16%

International Primary School, 1 Child (Yearly)

$9,758 PAB 9,758

$17.6K €15.8K

-44.61%

Jeans (Levis 501 Or Similar)

$67.9 PAB 67.9

$102 €91.7

-33.47%

Summer Dress (H&M, Zara, etc)

$47.51 PAB 47.51

$44.46 €39.95

6.86%

Sport Shoes (Adidas, Nike)

$93.7 PAB 93.7

$98.5 €88.5

-4.84%

Men's Leather Business Shoes

$110 PAB 110

$124 €111

-11.18%

1-bedroom Apartment, City Center (Monthly)

$451 PAB 451

$1,608 €1,445

-71.93%

1-bedroom Apartment, Outside City Center (Monthly)

$652 PAB 652

$1,190 €1,069

-45.17%

3-bedroom Apartment, City Center (Monthly)

$648 PAB 648

$2,812 €2,527

-76.97%

3-bedroom Apartment, Outside City Center (Monthly)

$1,105 PAB 1,105

$2,013 €1,809

-45.13%

Buy Apartment in City Center (m2)

$7,839 €7,043

Buy Apartment Outside City Center (m2)

$4,576 €4,111

Average Monthly Net Salary (After Tax)

$1,575 €1,415

20-Year Fixed Mortgage Interest Rate (Annual %)

6.39

3.85

65.97%

CityCost data is based on AI and user input – minor inaccuracies may occur.

Last update for Santiago: October 25, 2026

Last update for Lisbon: October 27, 2026

Monthly budget structure

Share of the monthly basket for one person, rent included.

Accommodation & Living

Santiago

$652 45.3%

Lisbon

$1.2K 53.8% 82.4% $538

Groceries & Markets

Santiago

$325 22.5%

Lisbon

$272 12.3% 16.2% $53

Monthly Utilities & Internet

Santiago

$178 12.4%

Lisbon

$212 9.6% 19.1% $34

Clothing & Footwear

Santiago

$144 10%

Lisbon

$166 7.5% 15.6% $22

Eating Out

Santiago

$114 7.9%

Lisbon

$243 11% 113% $129

Sport & Entertainment

Santiago

$17 * 1.2%

Lisbon

$64 2.9% 286% $47

Getting Around

Santiago

$12 * 0.8%

Lisbon

$63 2.9% 437% $51

Categories marked with * are only partly priced – their share counts the items that do have prices.

Cost Breakdown

A one-bedroom apartment in the center runs $451 in Santiago and $1,608 in Lisbon. Housing cost is often the main lever when comparing two cities.

Dining out: $30 in Santiago vs $62 in Lisbon. Groceries flip the comparison at $325 vs $272, with Lisbon cheaper for home cooking.

Good to know

🇵🇦 Santiago

🇵🇹 Lisbon

🕒 Local time

05:07 5:07 AM

10:07 10:07 AM

5 h ahead of Santiago

🌤 Weather

👥 Population

31,065

545,923 Capital

💱 Currency

Panamanian Balboa PAB B/.

Euro EUR €

📈 Exchange rate

1 PAB = 1 USD

1 PAB = 0.899 EUR

1 EUR = 1.11 USD

Exchange rates and currency converter

EUR, USD to PAB – Panamanian Balboa Converter

🇺🇸 United States Dollar ($)

🇵🇦 Panamanian Balboa (B/.)

Panamanian Balboa exchange rates as of October 28, 2026: 1 USD = 1 PAB (1 PAB = 1 USD). 1 EUR = 1.11 PAB (1 PAB = 0.899 EUR).

Euro exchange rates as of October 28, 2026: 1 USD = 0.898 EUR (1 EUR = 1.11 USD).

USD to PAB in detail →

On the map

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Between locations

Santiago Lisbon 7,870 km ≈ 10 h nonstop flight

From you

Santiago
Lisbon

Distances are measured in a straight line. Your location is detected approximately.

City Median Internet Speeds Comparison (Updated April 2026)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

Santiago vs Lisbon: Cost of Living - Frequently Asked Questions

Santiago and Lisbon differ by about 53% in total monthly costs ($1,442 vs $2,210 including rent). Santiago is meaningfully more affordable – a gap that matters a lot on a fixed or modest income.

You’d need roughly $2,162 in Santiago and $3,315 in Lisbon to live well. The gap comes down to housing and overall price levels. Both cities are liveable on less, but these numbers represent actual comfort.

Rent for a central apartment: $451 in Santiago versus $1,608 in Lisbon. Housing is usually the single largest factor when comparing overall living costs between the two.

Shoppers in Lisbon pay roughly 16% less for everyday groceries. It’s an unusual reversal that partly offsets higher costs elsewhere.

All in, you’ll spend $1,442 per month in Santiago versus $2,210 in Lisbon – a 53% gap that adds up to real savings over time for anyone picking the cheaper option.

Both cities offer a good standard of living with different trade-offs. Neither is objectively better – the right pick depends on what matters most: affordability, career, cultural scene, or climate.