Last update: Nov 2026

Cost of Living Comparison Between Avon, CO and Panama City

For one person, living is cheaper in Panama City: $1,972 a month against $2,986 in Avon, CO, rent and utilities included – about $12,200 less a year. Rent and utilities account for most of the difference.

142

Cost of Living Index in Avon, CO
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Avon, CO Living Index
95

Cost of Living Index in Panama City
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Panama City Living Index

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Avon, CO

🇺🇸 United States

$2,986

/mo nomad

Panama City

🇵🇦 Panama

$1,972

/mo nomad

Monthly Cost of Living

How much you'll spend in Avon, CO 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 Avon, CO and in Panama City actually costs, broken down by who's living it.

Monthly costs for one person with rent: $2,986 in Avon, CO versus $1,972 in Panama City.

Avon, CO $2,986
Panama City $1,972

Estimated couple costs with rent: $4,980 in Avon, CO versus $2,930 in Panama City.

Avon, CO $4,980
Panama City $2,930

Monthly costs for a family of three with rent: $6,973 in Avon, CO versus $3,888 in Panama City.

Avon, CO $6,973
Panama City $3,888

Living in Avon, CO is roughly 51% more expensive than in Panama City, and outside of rent the biggest gap is in leisure.

Both cities are pricier than the global median: Avon, CO 121% above, Panama City 46% above.

Meal at Budget Restaurant

$20.12 $20.12

$11.37 PAB 11.37

76.96%

Three-Course Dinner for Two, Mid-Range

$86.0 $86.0

$46.69 PAB 46.69

84.28%

Fast Food Meal (McDonalds, etc)

$12.86 $12.86

$7.98 PAB 7.98

61.15%

Cappuccino

$5.44 $5.44

$4.12 PAB 4.12

32.04%

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

$2.52 $2.52

$2.01 PAB 2.01

25.37%

Water (0.33 liter bottle)

$1.95 $1.95

$1.57 PAB 1.57

24.20%

Local Beer (0.5 liter draught)

$6.07 $6.07

$3.28 PAB 3.28

85.06%

Imported Beer (0.33 liter bottle)

$7.14 $7.14

$3.88 PAB 3.88

84.02%

Milk (1 liter)

$1.00 $1.00

$1.82 PAB 1.82

-45.05%

White Bread (500g)

$2.46 $2.46

$2.61 PAB 2.61

-5.75%

Rice (white) (1kg)

$1.67 $1.67

$3.45 PAB 3.45

-51.59%

Eggs

$6.16 $6.16

$2.68 PAB 2.68

129.85%

Local Cheese (1kg)

$14.92 $14.92

$12.42 PAB 12.42

20.13%

Chicken Fillets (1kg)

$11.38 $11.38

$6.73 PAB 6.73

69.09%

Beef Round Steak (1kg)

$6.47 $6.47

$10.44 PAB 10.44

-38.03%

Apples (1kg)

$4.44 $4.44

$4.21 PAB 4.21

5.46%

Banana (1kg)

$1.02 $1.02

$1.95 PAB 1.95

-47.69%

Oranges (1kg)

$2.69 $2.69

$4.07 PAB 4.07

-33.91%

Tomato (1kg)

$4.40 $4.40

$4.02 PAB 4.02

9.45%

Potato (1kg)

$2.43 $2.43

$3.46 PAB 3.46

-29.77%

Onion (1kg)

$2.58 $2.58

$4.42 PAB 4.42

-41.63%

Lettuce (1 head)

$2.41 $2.41

$2.43 PAB 2.43

-0.82%

Water (1.5 liter bottle)

$2.01 $2.01

$1.72 PAB 1.72

16.86%

Cigarettes 20 Pack (Marlboro, Camel)

$10.09 $10.09

$6.04 PAB 6.04

67.05%

Wine (Bottle)

$18.97 $18.97

$11.68 PAB 11.68

62.41%

Local Beer (0.5 liter bottle)

$3.31 $3.31

$1.41 PAB 1.41

134.75%

Imported Beer (0.33 liter bottle)

$4.49 $4.49

$2.74 PAB 2.74

63.87%

One-way Ticket (Public Transport)

$3.98 $3.98

$0.33 PAB 0.33

1106.06%

Public Transport Monthly Pass (Regular Price)

$80.4 $80.4

$20.65 PAB 20.65

289.15%

Taxi Start (Normal Tariff)

$3.61 $3.61

$2.45 PAB 2.45

47.35%

Taxi (Normal Tariff) (1km)

$1.58 $1.58

$1.76 PAB 1.76

-10.23%

Taxi 1hour Waiting (Normal Tariff)

$25.45 $25.45

$21.86 PAB 21.86

16.42%

Gasoline (1 liter)

$1.05 $1.05

$1.20 PAB 1.20

-12.50%

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

$28.3K $28.3K

$24.6K PAB 24.6K

15.23%

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

$26.9K $26.9K

$20.9K PAB 20.9K

28.68%

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

$202 $202

$132 PAB 132

53.23%

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

$95.5 $95.5

$27.89 PAB 27.89

242.45%

Internet (50+ Mbps, Unlimited Data)

$65.8 $65.8

$49.10 PAB 49.10

34.03%

Gym Membership (Monthly)

$177 $177

$44.53 PAB 44.53

298.16%

Tennis Court (1 Hour on Weekend)

$34.01 PAB 34.01

Cinema Ticket

$12.79 $12.79

$8.70 PAB 8.70

47.01%

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

$1,574 $1,574

$537 PAB 537

193.20%

International Primary School, 1 Child (Yearly)

$20.9K $20.9K

$20.5K PAB 20.5K

1.89%

Jeans (Levis 501 Or Similar)

$58.6 $58.6

$65.8 PAB 65.8

-10.88%

Summer Dress (H&M, Zara, etc)

$34.34 $34.34

$48.45 PAB 48.45

-29.12%

Sport Shoes (Adidas, Nike)

$82.4 $82.4

$95.4 PAB 95.4

-13.60%

Men's Leather Business Shoes

$101 $101

$114 PAB 114

-10.72%

1-bedroom Apartment, City Center (Monthly)

$1,971 $1,971

$1,405 PAB 1,405

40.29%

1-bedroom Apartment, Outside City Center (Monthly)

$1,502 $1,502

$994 PAB 994

51.14%

3-bedroom Apartment, City Center (Monthly)

$4,318 $4,318

$2,221 PAB 2,221

94.41%

3-bedroom Apartment, Outside City Center (Monthly)

$3,715 $3,715

$1,714 PAB 1,714

116.81%

Buy Apartment in City Center (m2)

$3,139 PAB 3,139

Buy Apartment Outside City Center (m2)

$1,724 PAB 1,724

Average Monthly Net Salary (After Tax)

$936 PAB 936

20-Year Fixed Mortgage Interest Rate (Annual %)

6.67

6.39

4.38%

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

Last update for Avon, CO: November 3, 2026

Last update for Panama City: November 3, 2026

Monthly budget structure

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

Accommodation & Living

Avon, CO

$1.5K 50.3%

Panama City

$994 50.4% 33.8% $508

Monthly Utilities & Internet

Avon, CO

$363 12.2%

Panama City

$209 10.6% 42.5% $154

Groceries & Markets

Avon, CO

$358 12%

Panama City

$326 16.5% 9% $32

Eating Out

Avon, CO

$327 11%

Panama City

$203 10.3% 38% $124

Sport & Entertainment

Avon, CO

$203 6.8%

Panama City

$62 3.1% 69.5% $141

Clothing & Footwear

Avon, CO

$125 4.2%

Panama City

$145 7.4% 16.8% $21

Getting Around

Avon, CO

$108 3.6%

Panama City

$33 1.7% 69.2% $75

Cost Breakdown

A one-bedroom apartment in the center runs $1,971 in Avon, CO and $1,405 in Panama City. Housing cost is often the main lever when comparing two cities.

Dining out: $86 in Avon, CO vs $47 in Panama City for a mid-range dinner for two. Groceries echo the gap at $358 vs $326 per month, with Panama City cheaper across the board.

Good to know

🇺🇸 Avon, CO

🇵🇦 Panama City

🕒 Local time

14:15 2:15 PM

16:15 4:15 PM

2 h ahead of Avon, CO

🌤 Weather

👥 Population

22,544

1,086,990 Capital

💱 Currency

United States Dollar USD $

Panamanian Balboa PAB B/.

📈 Exchange rate

1 USD = 0.895 EUR

1 PAB = 1 USD

1 PAB = 0.895 EUR

Exchange rates and currency converter

PAB, EUR to USD – United States Dollar Converter

🇵🇦 Panamanian Balboa (B/.)

🇺🇸 United States Dollar ($)

United States Dollar exchange rates as of November 6, 2026: 1 EUR = 1.12 USD (1 USD = 0.895 EUR).

Panamanian Balboa exchange rates as of November 6, 2026: 1 USD = 1 PAB (1 PAB = 1 USD). 1 EUR = 1.12 PAB (1 PAB = 0.895 EUR).

PAB to USD in detail →

On the map

Lowest

Highest

Between locations

Avon, CO Panama City 4,330 km ≈ 6 h nonstop flight

From you

Avon, CO
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

Avon, CO vs Panama City: Cost of Living - Frequently Asked Questions

Total monthly costs including rent come to $2,986 in Avon, CO and $1,972 in Panama City, so Panama City is about 34% cheaper – a gap that matters a lot on a fixed or modest income.

You’d need roughly $4,479 in Avon, CO and $2,958 in Panama City 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: $1,971 in Avon, CO versus $1,405 in Panama City. Housing is usually the single largest factor when comparing overall living costs between the two.

All in, you’ll spend $2,986 per month in Avon, CO versus $1,972 in Panama City – Panama City is about 34% cheaper, which adds up to real savings over time.

A monthly transit pass in Panama City runs roughly 74% less than in Avon, CO. The price difference matters if you commute daily and watch your budget.

At $1,972 in Panama City versus $2,986 in Avon, CO, a $2,500 budget is realistic in Panama City but tight or insufficient in Avon, CO. The gap between the two cities makes Panama City the clear choice for anyone on this budget.

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.

Expats usually find Panama City gentler on the wallet – expenses run 34% less than in Avon, CO. Beyond cost, consider language, visa policies, and how big the international community is in each city.