Last update: Oct 2026

Cost of Living Comparison Between Antofagasta and Panama City

For one person, living is cheaper in Antofagasta: $888 a month against $1,855 in Panama City, rent and utilities included – about $11,600 less a year. Rent and utilities account for most of the difference.

43

Cost of Living Index in Antofagasta
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Antofagasta Living Index
90

Cost of Living Index in Panama City
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Panama City Living Index

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Antofagasta

🇨🇱 Chile

$888

/mo nomad

Panama City

🇵🇦 Panama

$1,855

/mo nomad

Monthly Cost of Living

How much you'll spend in Antofagasta and in Panama City

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

Monthly costs for one person with rent: $888 in Antofagasta versus $1,855 in Panama City.

Antofagasta $888
Panama City $1,855

Estimated couple costs with rent: $1,416 in Antofagasta versus $2,804 in Panama City.

Antofagasta $1,416
Panama City $2,804

Monthly costs for a family of three with rent: $1,944 in Antofagasta versus $3,753 in Panama City.

Antofagasta $1,944
Panama City $3,753

Living in Antofagasta costs roughly 52% less than in Panama City, and outside of rent the biggest gap is in groceries.

The two cities straddle the global median: Antofagasta is 34% below, Panama City is 37% above.

Meal at Budget Restaurant

$7.05 CLP 6,935

$11.63 PAB 11.63

-39.38%

Three-Course Dinner for Two, Mid-Range

$35.93 CLP 35.4K

$47.92 PAB 47.92

-25.02%

Fast Food Meal (McDonalds, etc)

$7.29 CLP 7,179

$7.96 PAB 7.96

-8.42%

Cappuccino

$2.57 CLP 2,528

$4.22 PAB 4.22

-39.10%

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

$1.28 CLP 1,264

$2.01 PAB 2.01

-36.32%

Water (0.33 liter bottle)

$0.88 CLP 862

$1.56 PAB 1.56

-43.59%

Local Beer (0.5 liter draught)

$1.51 CLP 1,488

$3.39 PAB 3.39

-55.46%

Imported Beer (0.33 liter bottle)

$1.79 CLP 1,765

$3.94 PAB 3.94

-54.57%

Milk (1 liter)

$1.07 CLP 1,054

$1.85 PAB 1.85

-42.16%

White Bread (500g)

$1.86 CLP 1,834

$2.56 PAB 2.56

-27.34%

Rice (white) (1kg)

$1.22 CLP 1,199

$3.48 PAB 3.48

-64.94%

Eggs

$2.59 CLP 2,553

$2.69 PAB 2.69

-3.72%

Local Cheese (1kg)

$9.02 CLP 8,878

$12.57 PAB 12.57

-28.24%

Chicken Fillets (1kg)

$3.31 CLP 3,260

$6.83 PAB 6.83

-51.54%

Beef Round Steak (1kg)

$7.72 CLP 7,599

$10.58 PAB 10.58

-27.03%

Apples (1kg)

$2.03 CLP 1,996

$4.18 PAB 4.18

-51.44%

Banana (1kg)

$2.26 CLP 2,223

$1.83 PAB 1.83

23.50%

Oranges (1kg)

$2.85 CLP 2,809

$4.20 PAB 4.20

-32.14%

Tomato (1kg)

$1.10 CLP 1,081

$4.03 PAB 4.03

-72.70%

Potato (1kg)

$0.88 CLP 864

$3.48 PAB 3.48

-74.71%

Onion (1kg)

$0.78 CLP 772

$4.22 PAB 4.22

-81.52%

Lettuce (1 head)

$1.30 CLP 1,283

$2.41 PAB 2.41

-46.06%

Water (1.5 liter bottle)

$1.12 CLP 1,102

$1.69 PAB 1.69

-33.73%

Cigarettes 20 Pack (Marlboro, Camel)

$5.29 CLP 5,209

$6.14 PAB 6.14

-13.84%

Wine (Bottle)

$5.13 CLP 5,048

$11.30 PAB 11.30

-54.60%

Local Beer (0.5 liter bottle)

$1.35 CLP 1,328

$1.42 PAB 1.42

-4.93%

Imported Beer (0.33 liter bottle)

$1.01 CLP 992

$2.73 PAB 2.73

-63.00%

One-way Ticket (Public Transport)

$0.62 CLP 613

$0.33 PAB 0.33

87.88%

Public Transport Monthly Pass (Regular Price)

$21.23 PAB 21.23

Taxi Start (Normal Tariff)

$2.63 CLP 2,584

$2.52 PAB 2.52

4.37%

Taxi (Normal Tariff) (1km)

$1.86 PAB 1.86

Taxi 1hour Waiting (Normal Tariff)

$21.78 PAB 21.78

Gasoline (1 liter)

$1.34 CLP 1,318

$1.25 PAB 1.25

7.20%

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

$21.2K PAB 21.2K

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

$17.5K CLP 17.2M

$21.0K PAB 21.0K

-16.74%

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

$46.23 CLP 45.5K

$130 PAB 130

-64.39%

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

$9.82 CLP 9,669

$28.13 PAB 28.13

-65.09%

Internet (50+ Mbps, Unlimited Data)

$12.54 CLP 12.3K

$48.21 PAB 48.21

-73.99%

Gym Membership (Monthly)

$41.34 CLP 40.7K

$45.78 PAB 45.78

-9.70%

Tennis Court (1 Hour on Weekend)

$25.15 CLP 24.8K

$34.92 PAB 34.92

-27.98%

Cinema Ticket

$5.17 CLP 5,086

$8.67 PAB 8.67

-40.37%

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

$255 CLP 250.6K

$544 PAB 544

-53.22%

International Primary School, 1 Child (Yearly)

$3,160 CLP 3.1M

$9,697 PAB 9,697

-67.42%

Jeans (Levis 501 Or Similar)

$39.01 CLP 38.4K

$66.8 PAB 66.8

-41.56%

Summer Dress (H&M, Zara, etc)

$15.18 CLP 14.9K

$49.14 PAB 49.14

-69.11%

Sport Shoes (Adidas, Nike)

$58.3 CLP 57.4K

$93.9 PAB 93.9

-37.91%

Men's Leather Business Shoes

$67.7 CLP 66.6K

$112 PAB 112

-39.31%

1-bedroom Apartment, City Center (Monthly)

$437 CLP 430.0K

$1,257 PAB 1,257

-65.25%

1-bedroom Apartment, Outside City Center (Monthly)

$359 CLP 352.9K

$875 PAB 875

-59.02%

3-bedroom Apartment, City Center (Monthly)

$811 CLP 798.7K

$2,155 PAB 2,155

-62.35%

3-bedroom Apartment, Outside City Center (Monthly)

$659 CLP 648.9K

$1,564 PAB 1,564

-57.84%

Buy Apartment in City Center (m2)

$3,122 PAB 3,122

Buy Apartment Outside City Center (m2)

$1,709 PAB 1,709

Average Monthly Net Salary (After Tax)

$711 CLP 700.2K

$916 PAB 916

-22.34%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.39

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

Last update for Antofagasta: October 12, 2026

Last update for Panama City: October 10, 2026

Monthly budget structure

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

Accommodation & Living

Antofagasta

$359 40.4%

Panama City

$875 47.2% 144% $516

Groceries & Markets

Antofagasta

$194 21.8%

Panama City

$325 17.5% 67.8% $131

Eating Out

Antofagasta

$129 14.5%

Panama City

$207 11.1% 60.4% $78

Clothing & Footwear

Antofagasta

$81 9.1%

Panama City

$145 7.8% 78.3% $64

Monthly Utilities & Internet

Antofagasta

$69 7.7%

Panama City

$206 11.1% 201% $138

Sport & Entertainment

Antofagasta

$52 5.8%

Panama City

$63 3.4% 22.1% $11

Getting Around

Antofagasta

$5.1 * 0.6%

Panama City

$34 1.9% 572% $29

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 $437 in Antofagasta and $1,257 in Panama City. Housing cost is often the main lever when comparing two cities.

Panama City pays 29% more on average. The extra income cushions the higher costs, though housing choices and lifestyle decide how much of the gap is truly closed.

Dining out: $36.00 in Antofagasta vs $48.00 in Panama City for a mid-range dinner for two. Groceries echo the gap at $194 vs $325 per month, with Antofagasta cheaper across the board.

Good to know

🇨🇱 Antofagasta

🇵🇦 Panama City

🕒 Local time

17:29 5:29 PM

15:29 3:29 PM

2 h behind Antofagasta

🌤 Weather

👥 Population

348,517

1,086,990 Capital

💱 Currency

Chilean Peso CLP $

Panamanian Balboa PAB B/.

📈 Exchange rate

10,000 CLP = 10.16 USD

10,000 CLP = 9.04 EUR

1 PAB = 1 USD

1 PAB = 0.89 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 18, 2026: 1 USD = 984 CLP (1,000 CLP = 1.02 USD). 1 EUR = 1,107 CLP (10,000 CLP = 9.04 EUR).

Panamanian Balboa exchange rates as of October 18, 2026: 1 USD = 1 PAB (1 PAB = 1 USD). 1 EUR = 1.12 PAB (1 PAB = 0.89 EUR).

USD to CLP in detail →

On the map

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Between locations

Antofagasta Panama City 3,760 km ≈ 5 h nonstop flight

From you

Antofagasta
Panama City

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

Antofagasta vs Panama City: Cost of Living - Frequently Asked Questions

Antofagasta wins on cost – living expenses run 109% lower than in Panama City. Housing and daily spending are where you'll feel the difference most, making Antofagasta the obvious pick if budget is a priority.

On paper, salaries run 29% lower in Panama City. That's worth factoring in alongside costs, though remote workers earning in a stronger currency may not notice the difference at all.

Rent for a central apartment: $437 in Antofagasta versus $1,257 in Panama City. Housing is usually the single largest factor when comparing overall living costs between the two.

Childcare runs $255 in Antofagasta versus $544 in Panama City. Over years of preschool, even a modest monthly gap compounds into a major financial factor for families.

Dining out is cheaper in Antofagasta – a meal for two runs $36.00 versus $48.00 in Panama City. If you eat out regularly, this makes a real dent in your monthly spending.

At $888 in Antofagasta versus $1,855 in Panama City, a $1,000 budget is realistic in Antofagasta but tight or insufficient in Panama City. The gap between the two cities makes Antofagasta the clear choice for anyone on this budget.

Both work as nomad bases, but Antofagasta delivers better value – similar infrastructure at $888 monthly. If stretching your runway or maximizing savings is the goal, the price difference makes Antofagasta hard to pass up.

Expats usually find Antofagasta gentler on the wallet – expenses run 109% less than in Panama City. Beyond cost, consider language, visa policies, and how big the international community is in each city.