Cartagena vs Panama City
Home Price & Cost of Living Comparison
Live DataLast updated: March 31, 2026·Source: OECD, Numbeo & National Statistics
💡 Why it matters: Cartagena vs Panama City
Cartagena is 47% more affordable for homebuyers. Cartagena has a price-to-income ratio of 8.5x compared to 7.5x in Panama City.
| Metric | Cartagena | Panama City |
|---|---|---|
| Avg Home Price | $95,000 | $180,000 |
| Price / sqm | $1,800 | $2,500 |
| Rent (1BR) | $450/mo | $800/mo |
| Rent (3BR) | $800/mo | $1,400/mo |
| Price-to-Income | 8.5x | 7.5x |
| Mortgage Rate | 12.5% | 6.5% |
| 1yr Change | +5.5% | +2.5% |
| Median Income | $11,000/yr | $24,000/yr |
| Population | 1,000,000 | 880,000 |
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HomePricePeek Research TeamData Specialists
Our team analyzes data from OECD, Numbeo & National Statistics to deliver accurate, up-to-date information. All data is verified and cross-referenced with official sources.
✓ OECD, Numbeo & National Statistics✓ Updated 2025
Frequently Asked Questions
Is Cartagena or Panama City more expensive?
Cartagena is more affordable. Home prices differ by $85,000 (47%).
Which city has cheaper rent, Cartagena or Panama City?
Rent for a 1BR in Cartagena is $450/mo vs $800/mo in Panama City.
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