Is Panama City more expensive than Caracas?

Panama City is 0.6% more expensive than Caracas overall. Rent is 86.2% higher, groceries 3.9% cheaper, and restaurants 6.5% cheaper.

Which city has better purchasing power, Caracas or Panama City?

Caracas has a purchasing power index of 17.1 while Panama City has 43.3 (NYC = 100). Panama City offers better purchasing power.

Cost of Living Comparison · 2026

🇻🇪 Caracas vs 🇵🇦 Panama City

2026

Panama City is 0.6% more expensive

Category	🇻🇪 Caracas	🇵🇦 Panama City	Difference
Cost of Living	49.0	49.3	+0.6%
Rent	14.5	27.0	+86.2%
Groceries	61.2	58.8	-3.9%
Restaurants	47.7	44.6	-6.5%
Purchasing Power	17.1	43.3	+153.2%

Data verified Q1 2026 · Source: Numbeo cost-of-living indices (NYC = 100 baseline) · Indices reflect relative costs; absolute prices vary by neighbourhood.

Add your salary for a personalized comparison

See exact tax differences, net income, and savings potential.

30k Salary 50k Salary

Explore

🇻🇪 Cost of Living in Caracas

Explore

🇵🇦 Cost of Living in Panama City

Explore

🇻🇪 Should I Move to Caracas?

Explore

🇵🇦 Should I Move to Panama City?