Last update: Oct 2026

Cost of Living Comparison Between Canon City, CO and Panama City

For one person, living is cheaper in Panama City: $1,972 a month against $2,747 in Canon City, CO, rent and utilities included – about $9,300 less a year. Rent and utilities account for most of the difference.

125

Cost of Living Index in Canon City, CO
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Canon City, CO Living Index
95

Cost of Living Index in Panama City
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Panama City Living Index

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Canon City, CO

🇺🇸 United States

$2,747

/mo nomad

Panama City

🇵🇦 Panama

$1,972

/mo nomad

Monthly Cost of Living

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

A single person spends $2,747 per month in Canon City, CO vs $1,972 in Panama City, rent included.

Canon City, CO $2,747
Panama City $1,972

A couple spends around $4,002 per month in Canon City, CO vs $2,930 in Panama City, rent included.

Canon City, CO $4,002
Panama City $2,930

A family of three spends $5,256 per month in Canon City, CO vs $3,888 in Panama City, rent included.

Canon City, CO $5,256
Panama City $3,888

Canon City, CO costs about 39% more than Panama City, and outside of rent the biggest gap is in eating out.

Both Canon City, CO and Panama City sit above the global median – Canon City, CO by 103%, Panama City by 46%.

Meal at Budget Restaurant

$19.86 $19.86

$11.37 PAB 11.37

74.67%

Three-Course Dinner for Two, Mid-Range

$72.8 $72.8

$46.69 PAB 46.69

55.96%

Fast Food Meal (McDonalds, etc)

$11.59 $11.59

$7.98 PAB 7.98

45.24%

Cappuccino

$4.89 $4.89

$4.12 PAB 4.12

18.69%

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

$2.71 $2.71

$2.01 PAB 2.01

34.83%

Water (0.33 liter bottle)

$2.25 $2.25

$1.57 PAB 1.57

43.31%

Local Beer (0.5 liter draught)

$5.37 $5.37

$3.28 PAB 3.28

63.72%

Imported Beer (0.33 liter bottle)

$7.30 $7.30

$3.88 PAB 3.88

88.14%

Milk (1 liter)

$1.09 $1.09

$1.82 PAB 1.82

-40.11%

White Bread (500g)

$3.24 $3.24

$2.61 PAB 2.61

24.14%

Rice (white) (1kg)

$4.22 $4.22

$3.45 PAB 3.45

22.32%

Eggs

$5.64 $5.64

$2.68 PAB 2.68

110.45%

Local Cheese (1kg)

$12.99 $12.99

$12.42 PAB 12.42

4.59%

Chicken Fillets (1kg)

$11.05 $11.05

$6.73 PAB 6.73

64.19%

Beef Round Steak (1kg)

$17.03 $17.03

$10.44 PAB 10.44

63.12%

Apples (1kg)

$5.21 $5.21

$4.21 PAB 4.21

23.75%

Banana (1kg)

$1.60 $1.60

$1.95 PAB 1.95

-17.95%

Oranges (1kg)

$4.30 $4.30

$4.07 PAB 4.07

5.65%

Tomato (1kg)

$4.38 $4.38

$4.02 PAB 4.02

8.96%

Potato (1kg)

$3.14 $3.14

$3.46 PAB 3.46

-9.25%

Onion (1kg)

$3.00 $3.00

$4.42 PAB 4.42

-32.13%

Lettuce (1 head)

$2.18 $2.18

$2.43 PAB 2.43

-10.29%

Water (1.5 liter bottle)

$2.21 $2.21

$1.72 PAB 1.72

28.49%

Cigarettes 20 Pack (Marlboro, Camel)

$10.94 $10.94

$6.04 PAB 6.04

81.13%

Wine (Bottle)

$17.18 $17.18

$11.68 PAB 11.68

47.09%

Local Beer (0.5 liter bottle)

$1.93 $1.93

$1.41 PAB 1.41

36.88%

Imported Beer (0.33 liter bottle)

$3.53 $3.53

$2.74 PAB 2.74

28.83%

One-way Ticket (Public Transport)

$2.07 $2.07

$0.33 PAB 0.33

527.27%

Public Transport Monthly Pass (Regular Price)

$58.5 $58.5

$20.65 PAB 20.65

183.39%

Taxi Start (Normal Tariff)

$3.95 $3.95

$2.45 PAB 2.45

61.22%

Taxi (Normal Tariff) (1km)

$1.87 $1.87

$1.76 PAB 1.76

6.25%

Taxi 1hour Waiting (Normal Tariff)

$26.81 $26.81

$21.86 PAB 21.86

22.64%

Gasoline (1 liter)

$1.03 $1.03

$1.20 PAB 1.20

-14.17%

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

$25.8K $25.8K

$24.6K PAB 24.6K

5.22%

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

$23.5K $23.5K

$20.9K PAB 20.9K

12.55%

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

$198 $198

$132 PAB 132

50.47%

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

$59.2 $59.2

$27.89 PAB 27.89

112.26%

Internet (50+ Mbps, Unlimited Data)

$69.5 $69.5

$49.10 PAB 49.10

41.61%

Gym Membership (Monthly)

$41.33 $41.33

$44.53 PAB 44.53

-7.19%

Tennis Court (1 Hour on Weekend)

$34.01 PAB 34.01

Cinema Ticket

$15.45 $15.45

$8.70 PAB 8.70

77.59%

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

$1,354 $1,354

$537 PAB 537

152.29%

International Primary School, 1 Child (Yearly)

$22.8K $22.8K

$20.5K PAB 20.5K

11.22%

Jeans (Levis 501 Or Similar)

$49.22 $49.22

$65.8 PAB 65.8

-25.20%

Summer Dress (H&M, Zara, etc)

$38.19 $38.19

$48.45 PAB 48.45

-21.18%

Sport Shoes (Adidas, Nike)

$81.1 $81.1

$95.4 PAB 95.4

-14.97%

Men's Leather Business Shoes

$125 $125

$114 PAB 114

10.19%

1-bedroom Apartment, City Center (Monthly)

$1,532 $1,532

$1,405 PAB 1,405

9.03%

1-bedroom Apartment, Outside City Center (Monthly)

$1,418 $1,418

$994 PAB 994

42.63%

3-bedroom Apartment, City Center (Monthly)

$2,740 $2,740

$2,221 PAB 2,221

23.38%

3-bedroom Apartment, Outside City Center (Monthly)

$2,340 $2,340

$1,714 PAB 1,714

36.58%

Buy Apartment in City Center (m2)

$2,850 $2,850

$3,139 PAB 3,139

-9.21%

Buy Apartment Outside City Center (m2)

$2,329 $2,329

$1,724 PAB 1,724

35.11%

Average Monthly Net Salary (After Tax)

$936 PAB 936

20-Year Fixed Mortgage Interest Rate (Annual %)

6.59

6.39

3.13%

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

Last update for Canon City, CO: October 31, 2026

Last update for Panama City: November 3, 2026

Monthly budget structure

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

Accommodation & Living

Canon City, CO

$1.4K 51.6%

Panama City

$994 50.4% 29.9% $424

Groceries & Markets

Canon City, CO

$404 14.7%

Panama City

$326 16.5% 19.5% $79

Monthly Utilities & Internet

Canon City, CO

$327 11.9%

Panama City

$209 10.6% 36.2% $118

Eating Out

Canon City, CO

$314 11.4%

Panama City

$203 10.3% 35.3% $111

Clothing & Footwear

Canon City, CO

$132 4.8%

Panama City

$145 7.4% 10.1% $13

Getting Around

Canon City, CO

$80 2.9%

Panama City

$33 1.7% 58.5% $47

Sport & Entertainment

Canon City, CO

$72 2.6%

Panama City

$62 3.1% 14.2% $10

Cost Breakdown

A central one-bedroom costs $1,532 in Canon City, CO versus $1,405 in Panama City. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

A mid-range dinner for two costs $73 in Canon City, CO versus $47 in Panama City. Monthly groceries follow the same trend: $404 vs $326 – making Panama City the more affordable choice for daily food spending.

Good to know

🇺🇸 Canon City, CO

🇵🇦 Panama City

🕒 Local time

04:54 4:54 AM

06:54 6:54 AM

2 h ahead of Canon City, CO

🌤 Weather

👥 Population

17,141

1,086,990 Capital

💱 Currency

United States Dollar USD $

Panamanian Balboa PAB B/.

📈 Exchange rate

1 USD = 0.89 EUR

1 PAB = 1 USD

1 PAB = 0.89 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 = 0.89 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 = 0.89 EUR).

PAB to USD in detail →

On the map

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Highest

Between locations

Canon City, CO Panama City 4,160 km ≈ 6 h nonstop flight

From you

Canon City, 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

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

Canon City, CO costs about 39% more than Panama City, and outside of rent the gap comes mainly from eating out. That’s enough to noticeably affect everyday spending and lifestyle for anyone choosing between the two.

For a comfortable life, plan on about $4,121 per month in Canon City, CO and $2,958 in Panama City. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

A central 1-bedroom goes for about $1,532 in Canon City, CO and $1,405 in Panama City. The gap holds across neighborhoods – outer areas show a similar spread, just at lower price points.

A mid-range dinner for two costs $73 in Canon City, CO and $47 in Panama City. That’s a good indicator of the overall restaurant and café pricing gap between the two cities.

Monthly expenses with rent come to $2,747 in Canon City, CO and $1,972 in Panama City. That makes Panama City about 28% cheaper.

A $2,500 monthly budget goes further in Panama City, where all-in costs run around $1,972, than in Canon City, CO at $2,747. In Panama City it covers expenses comfortably, while in Canon City, CO it requires careful planning or may not stretch far enough.

Families tend to lean toward Panama City – lower housing and cheaper childcare make a real difference, especially on a single income or when paying for private education.

For expats, Panama City is the easier option financially – housing and daily costs are lower, and overall it costs about 28% less, which matters a lot on a fixed budget or early-career salary.