Last update: Nov 2026

Cost of Living Comparison Between Castle Rock, CO and Panama City

For one person, living is cheaper in Castle Rock, CO: $1,249 a month against $1,972 in Panama City, rent and utilities included – about $8,700 less a year. Higher rent and utilities in Panama City outweigh lower spending on other living expenses.

60

Cost of Living Index in Castle Rock, CO
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Castle Rock, CO Living Index
95

Cost of Living Index in Panama City
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Panama City Living Index

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Castle Rock, CO

🇺🇸 United States

$1,249

/mo nomad

Panama City

🇵🇦 Panama

$1,972

/mo nomad

Monthly Cost of Living

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

Monthly costs for one person with rent: $1,249 in Castle Rock, CO versus $1,972 in Panama City.

Castle Rock, CO $1,249
Panama City $1,972

Estimated couple costs with rent: $1,975 in Castle Rock, CO versus $2,930 in Panama City.

Castle Rock, CO $1,975
Panama City $2,930

Monthly costs for a family of three with rent: $2,702 in Castle Rock, CO versus $3,888 in Panama City.

Castle Rock, CO $2,702
Panama City $3,888

Living in Castle Rock, CO costs roughly 37% less than in Panama City, and outside of rent the biggest gap is in transport.

The two cities straddle the global median: Castle Rock, CO is 8% below, Panama City is 46% above.

Meal at Budget Restaurant

$22.20 $22.20

$11.37 PAB 11.37

95.25%

Three-Course Dinner for Two, Mid-Range

$64.5 $64.5

$46.69 PAB 46.69

38.21%

Fast Food Meal (McDonalds, etc)

$9.21 $9.21

$7.98 PAB 7.98

15.41%

Cappuccino

$5.64 $5.64

$4.12 PAB 4.12

36.89%

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

$2.56 $2.56

$2.01 PAB 2.01

27.36%

Water (0.33 liter bottle)

$1.97 $1.97

$1.57 PAB 1.57

25.48%

Local Beer (0.5 liter draught)

$6.78 $6.78

$3.28 PAB 3.28

106.71%

Imported Beer (0.33 liter bottle)

$5.98 $5.98

$3.88 PAB 3.88

54.12%

Milk (1 liter)

$1.00 $1.00

$1.82 PAB 1.82

-45.05%

White Bread (500g)

$2.98 $2.98

$2.61 PAB 2.61

14.18%

Rice (white) (1kg)

$2.81 $2.81

$3.45 PAB 3.45

-18.55%

Eggs

$4.38 $4.38

$2.68 PAB 2.68

63.43%

Local Cheese (1kg)

$11.07 $11.07

$12.42 PAB 12.42

-10.87%

Chicken Fillets (1kg)

$9.32 $9.32

$6.73 PAB 6.73

38.48%

Beef Round Steak (1kg)

$19.29 $19.29

$10.44 PAB 10.44

84.77%

Apples (1kg)

$4.95 $4.95

$4.21 PAB 4.21

17.58%

Banana (1kg)

$1.39 $1.39

$1.95 PAB 1.95

-28.72%

Oranges (1kg)

$3.62 $3.62

$4.07 PAB 4.07

-11.06%

Tomato (1kg)

$5.37 $5.37

$4.02 PAB 4.02

33.58%

Potato (1kg)

$2.88 $2.88

$3.46 PAB 3.46

-16.76%

Onion (1kg)

$3.23 $3.23

$4.42 PAB 4.42

-26.92%

Lettuce (1 head)

$1.31 $1.31

$2.43 PAB 2.43

-46.09%

Water (1.5 liter bottle)

$1.76 $1.76

$1.72 PAB 1.72

2.33%

Cigarettes 20 Pack (Marlboro, Camel)

$10.40 $10.40

$6.04 PAB 6.04

72.19%

Wine (Bottle)

$12.06 $12.06

$11.68 PAB 11.68

3.25%

Local Beer (0.5 liter bottle)

$2.56 $2.56

$1.41 PAB 1.41

81.56%

Imported Beer (0.33 liter bottle)

$2.62 $2.62

$2.74 PAB 2.74

-4.38%

One-way Ticket (Public Transport)

$0.33 PAB 0.33

Public Transport Monthly Pass (Regular Price)

$20.65 PAB 20.65

Taxi Start (Normal Tariff)

$2.54 $2.54

$2.45 PAB 2.45

3.67%

Taxi (Normal Tariff) (1km)

$1.83 $1.83

$1.76 PAB 1.76

3.98%

Taxi 1hour Waiting (Normal Tariff)

$24.86 $24.86

$21.86 PAB 21.86

13.72%

Gasoline (1 liter)

$0.74 $0.74

$1.20 PAB 1.20

-38.33%

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

$28.4K $28.4K

$24.6K PAB 24.6K

15.83%

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

$26.0K $26.0K

$20.9K PAB 20.9K

24.24%

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

$209 $209

$132 PAB 132

58.80%

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

$39.22 $39.22

$27.89 PAB 27.89

40.62%

Internet (50+ Mbps, Unlimited Data)

$70.7 $70.7

$49.10 PAB 49.10

43.99%

Gym Membership (Monthly)

$60.1 $60.1

$44.53 PAB 44.53

34.99%

Tennis Court (1 Hour on Weekend)

$34.01 PAB 34.01

Cinema Ticket

$11.90 $11.90

$8.70 PAB 8.70

36.78%

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

$1,285 $1,285

$537 PAB 537

139.37%

International Primary School, 1 Child (Yearly)

$11.3K $11.3K

$20.5K PAB 20.5K

-45.11%

Jeans (Levis 501 Or Similar)

$54.2 $54.2

$65.8 PAB 65.8

-17.63%

Summer Dress (H&M, Zara, etc)

$49.30 $49.30

$48.45 PAB 48.45

1.75%

Sport Shoes (Adidas, Nike)

$79.4 $79.4

$95.4 PAB 95.4

-16.83%

Men's Leather Business Shoes

$114 $114

$114 PAB 114

0.41%

1-bedroom Apartment, City Center (Monthly)

$1,405 PAB 1,405

1-bedroom Apartment, Outside City Center (Monthly)

$994 PAB 994

3-bedroom Apartment, City Center (Monthly)

$2,221 PAB 2,221

3-bedroom Apartment, Outside City Center (Monthly)

$1,714 PAB 1,714

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)

$5,943 $5,943

$936 PAB 936

534.98%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.77

6.39

5.95%

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

Last update for Castle Rock, 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.

Groceries & Markets

Castle Rock, CO

$364 29.1%

Panama City

$326 16.5% 10.6% $39

Eating Out

Castle Rock, CO

$337 27%

Panama City

$203 10.3% 39.8% $134

Monthly Utilities & Internet

Castle Rock, CO

$319 25.6%

Panama City

$209 10.6% 34.6% $110

Clothing & Footwear

Castle Rock, CO

$134 10.7%

Panama City

$145 7.4% 8.9% $12

Sport & Entertainment

Castle Rock, CO

$84 6.7%

Panama City

$62 3.1% 26.2% $22

Getting Around

Castle Rock, CO

$12 * 0.9%

Panama City

$33 1.7% 185% $22

Accommodation & Living

Castle Rock, CO

- * 0%

Panama City

$994 50.4%

Categories marked with * are only partly priced – their share counts the items that do have prices.

Cost Breakdown

Castle Rock, CO pays about 6.3 times more on average while also being the cheaper of the two. The combined effect is a noticeably stronger local purchasing power.

Dining out: $65 in Castle Rock, CO vs $47 in Panama City for a mid-range dinner for two. Groceries echo the gap at $364 vs $326 per month, with Panama City cheaper across the board.

Good to know

🇺🇸 Castle Rock, CO

🇵🇦 Panama City

🕒 Local time

12:19 12:19 PM

14:19 2:19 PM

2 h ahead of Castle Rock, CO

🌤 Weather

👥 Population

73,158

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

Lowest

Highest

Between locations

Castle Rock, CO Panama City 4,210 km ≈ 6 h nonstop flight

From you

Castle Rock, 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

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

Total monthly costs including rent come to $1,249 in Castle Rock, CO and $1,972 in Panama City, so Castle Rock, CO is about 37% cheaper – a gap that matters a lot on a fixed or modest income.

Average pay in Castle Rock, CO is about 6.3 times higher, which matters when comparing affordability. Whether that higher income actually nets you more depends on your spending habits and housing choices.

Shoppers in Panama City pay roughly 11% less for everyday groceries. It’s an unusual reversal that partly offsets higher costs elsewhere.

All in, you’ll spend $1,249 per month in Castle Rock, CO versus $1,972 in Panama City – Castle Rock, CO is about 37% cheaper, which adds up to real savings over time.

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.