Last update: Oct 2026

Cost of Living Comparison Between Santiago and Panama

Name: Panama
Address: PA

For one person, living is cheaper in Santiago: $1,206 a month against $1,604 in Panama, rent and utilities included – about $4,800 less a year. Rent and utilities account for most of the difference.

58

Cost of Living Index in Santiago
Learn more

Santiago Living Index
77

Cost of Living Index in Panama
Learn more

Panama Living Index

Jump to prices

Santiago

🇨🇱 Chile

$1,206

/mo nomad

🇵🇦 Panama

$1,604

/mo nomad

🙂 Solo nomad: Santiago is 13.9% cheaper than Panama without rent, and 24.8% cheaper with rent.

🙂 Family of 3: Santiago is 13.2% cheaper than Panama without rent, and 22.4% cheaper with rent.

Meal at Budget Restaurant

$10.19 CLP 9,931

$7.86 PAB 7.86

29.64%

Three-Course Dinner for Two, Mid-Range

$52.2 CLP 50.9K

$44.75 PAB 44.75

16.67%

Fast Food Meal (McDonalds, etc)

$8.54 CLP 8,323

$7.89 PAB 7.89

8.24%

Cappuccino

$3.19 CLP 3,115

$3.84 PAB 3.84

-16.93%

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

$1.68 CLP 1,637

$1.59 PAB 1.59

5.66%

Water (0.33 liter bottle)

$1.22 CLP 1,191

$1.41 PAB 1.41

-13.48%

Local Beer (0.5 liter draught)

$4.21 CLP 4,101

$2.19 PAB 2.19

92.24%

Imported Beer (0.33 liter bottle)

$4.66 CLP 4,539

$4.04 PAB 4.04

15.35%

Milk (1 liter)

$1.32 CLP 1,283

$1.85 PAB 1.85

-28.65%

White Bread (500g)

$1.80 CLP 1,756

$2.32 PAB 2.32

-22.41%

Rice (white) (1kg)

$1.58 CLP 1,543

$2.99 PAB 2.99

-47.16%

Eggs

$4.25 CLP 4,141

$2.48 PAB 2.48

71.37%

Local Cheese (1kg)

$11.19 CLP 10.9K

$12.28 PAB 12.28

-8.88%

Chicken Fillets (1kg)

$6.75 CLP 6,580

$6.94 PAB 6.94

-2.74%

Beef Round Steak (1kg)

$10.67 CLP 10.4K

$10.11 PAB 10.11

5.54%

Apples (1kg)

$2.04 CLP 1,991

$4.18 PAB 4.18

-51.20%

Banana (1kg)

$1.53 CLP 1,497

$1.48 PAB 1.48

3.38%

Oranges (1kg)

$1.59 CLP 1,549

$3.65 PAB 3.65

-56.44%

Tomato (1kg)

$1.75 CLP 1,708

$3.73 PAB 3.73

-53.08%

Potato (1kg)

$1.08 CLP 1,051

$2.50 PAB 2.50

-56.80%

Onion (1kg)

$1.51 CLP 1,476

$3.29 PAB 3.29

-54.10%

Lettuce (1 head)

$1.17 CLP 1,145

$2.34 PAB 2.34

-50.00%

Water (1.5 liter bottle)

$1.07 CLP 1,041

$1.57 PAB 1.57

-31.85%

Cigarettes 20 Pack (Marlboro, Camel)

$5.14 CLP 5,015

$6.08 PAB 6.08

-15.46%

Wine (Bottle)

$5.88 CLP 5,732

$9.88 PAB 9.88

-40.49%

Local Beer (0.5 liter bottle)

$1.55 CLP 1,513

$1.39 PAB 1.39

11.51%

Imported Beer (0.33 liter bottle)

$2.27 CLP 2,218

$2.42 PAB 2.42

-6.20%

One-way Ticket (Public Transport)

$0.85 CLP 829

$0.43 PAB 0.43

97.67%

Public Transport Monthly Pass (Regular Price)

$41.50 CLP 40.5K

$20.96 PAB 20.96

98.00%

Taxi Start (Normal Tariff)

$0.39 CLP 383

$2.43 PAB 2.43

-83.95%

Taxi (Normal Tariff) (1km)

$0.84 CLP 820

$1.82 PAB 1.82

-53.85%

Taxi 1hour Waiting (Normal Tariff)

$11.94 CLP 11.6K

$21.79 PAB 21.79

-45.20%

Gasoline (1 liter)

$1.50 CLP 1,467

$1.18 PAB 1.18

27.12%

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

$18.1K CLP 17.7M

$21.5K PAB 21.5K

-15.76%

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

$21.6K CLP 21.1M

$22.2K PAB 22.2K

-2.64%

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

$151 CLP 147.3K

$119 PAB 119

26.97%

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

$12.04 CLP 11.7K

$27.03 PAB 27.03

-55.46%

Internet (50+ Mbps, Unlimited Data)

$18.93 CLP 18.5K

$47.70 PAB 47.70

-60.31%

Gym Membership (Monthly)

$33.81 CLP 33.0K

$48.94 PAB 48.94

-30.92%

Tennis Court (1 Hour on Weekend)

$11.72 CLP 11.4K

$30.16 PAB 30.16

-61.14%

Cinema Ticket

$7.37 CLP 7,185

$7.84 PAB 7.84

-5.99%

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

$434 CLP 423.3K

$536 PAB 536

-18.95%

International Primary School, 1 Child (Yearly)

$11.0K CLP 10.7M

$8,069 PAB 8,069

36.27%

Jeans (Levis 501 Or Similar)

$50.9 CLP 49.6K

$53.5 PAB 53.5

-4.90%

Summer Dress (H&M, Zara, etc)

$29.16 CLP 28.4K

$42.77 PAB 42.77

-31.82%

Sport Shoes (Adidas, Nike)

$67.4 CLP 65.7K

$87.4 PAB 87.4

-22.91%

Men's Leather Business Shoes

$80.3 CLP 78.2K

$103 PAB 103

-22.35%

1-bedroom Apartment, City Center (Monthly)

$555 CLP 540.8K

$944 PAB 944

-41.27%

1-bedroom Apartment, Outside City Center (Monthly)

$372 CLP 363.2K

$697 PAB 697

-46.53%

3-bedroom Apartment, City Center (Monthly)

$1,009 CLP 984.3K

$1,728 PAB 1,728

-41.57%

3-bedroom Apartment, Outside City Center (Monthly)

$779 CLP 759.1K

$1,262 PAB 1,262

-38.33%

Buy Apartment in City Center (m2)

$2,671 CLP 2.6M

$2,941 PAB 2,941

-9.19%

Buy Apartment Outside City Center (m2)

$2,622 CLP 2.6M

$1,673 PAB 1,673

56.71%

Average Monthly Net Salary (After Tax)

$791 CLP 771.7K

$826 PAB 826

-4.13%

20-Year Fixed Mortgage Interest Rate (Annual %)

5.39

6.37

-15.38%

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

Last update for Santiago: October 4, 2026

Last update for Panama: October 5, 2026

Monthly budget structure

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

Accommodation & Living

Santiago

$372 31.6%

Panama

$697 44% 87% $324

Groceries & Markets

Santiago

$236 20%

Panama

$302 19.1% 28% $66

Eating Out

Santiago

$187 15.9%

Panama

$164 10.3% 12.7% $24

Monthly Utilities & Internet

Santiago

$182 15.5%

Panama

$194 12.2% 6.4% $12

Clothing & Footwear

Santiago

$102 8.7%

Panama

$129 8.2% 26.1% $27

Getting Around

Santiago

$50 4.2%

Panama

$34 2.2% 30.8% $15

Sport & Entertainment

Santiago

$49 4.1%

Panama

$65 4.1% 33.1% $16

Good to know

🇨🇱 Santiago

🇵🇦 Panama

🕒 Local time

08:26 8:26 AM

06:26 6:26 AM

2 h behind Santiago

🌤 Weather

👥 Population

6,139,087 Capital

4,098,587

💱 Currency

Chilean Peso CLP $

Panamanian Balboa PAB B/.

📈 Exchange rate

10,000 CLP = 10.26 USD

10,000 CLP = 9.15 EUR

1 PAB = 1 USD

1 PAB = 0.892 EUR

Exchange rates and currency converter

PAB, USD, EUR to CLP – Chilean Peso Converter

🇺🇸 United States Dollar ($)

🇨🇱 Chilean Peso ($)

Chilean Peso exchange rates as of October 10, 2026: 1 USD = 975 CLP (1,000 CLP = 1.03 USD). 1 EUR = 1,093 CLP (10,000 CLP = 9.15 EUR).

Panamanian Balboa exchange rates as of October 10, 2026: 1 USD = 1 PAB (1 PAB = 1 USD). 1 EUR = 1.12 PAB (1 PAB = 0.892 EUR).

USD to CLP in detail →

On the map

Lowest

Highest

Between locations

Santiago Panama 4,810 km ≈ 7 h nonstop flight

From you

Santiago
Panama

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 other spots: cost of living compared

Similar cities

Phuket

🇹🇭 Thailand

Playa del Carmen

🇲🇽 Mexico

Bangkok

🇹🇭 Thailand

Sao Paulo

🇧🇷 Brazil

Kuta, Bali

🇮🇩 Indonesia

Cemagi, Bali

🇮🇩 Indonesia

Bali

🇮🇩 Indonesia

Izmir

🇹🇷 Turkey