Last update: Oct 2026

Cost of Living Comparison Between Concon and Panama City

For one person, living is cheaper in Concon: $673 a month against $1,855 in Panama City, rent and utilities included – about $14,200 less a year. Rent and utilities account for most of the difference.

33

Cost of Living Index in Concon
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Concon Living Index
90

Cost of Living Index in Panama City
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Panama City Living Index

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Concon

🇨🇱 Chile

$673

/mo nomad

Panama City

🇵🇦 Panama

$1,855

/mo nomad

Monthly Cost of Living

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

A single person spends $673 per month in Concon vs $1,855 in Panama City, rent included.

Concon $673
Panama City $1,855

A couple spends around $1,076 per month in Concon vs $2,804 in Panama City, rent included.

Concon $1,076
Panama City $2,804

A family of three spends $1,479 per month in Concon vs $3,753 in Panama City, rent included.

Concon $1,479
Panama City $3,753

Concon is about 64% cheaper than Panama City, and outside of rent the biggest gap is in groceries.

Concon sits 50% below the global median, while Panama City is 37% above – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$10.19 CLP 10.0K

$11.63 PAB 11.63

-12.38%

Three-Course Dinner for Two, Mid-Range

$38.45 CLP 37.9K

$47.92 PAB 47.92

-19.76%

Fast Food Meal (McDonalds, etc)

$6.68 CLP 6,579

$7.96 PAB 7.96

-16.08%

Cappuccino

$2.90 CLP 2,852

$4.22 PAB 4.22

-31.28%

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

$1.05 CLP 1,033

$2.01 PAB 2.01

-47.76%

Water (0.33 liter bottle)

$0.95 CLP 934

$1.56 PAB 1.56

-39.10%

Local Beer (0.5 liter draught)

$3.61 CLP 3,556

$3.39 PAB 3.39

6.49%

Imported Beer (0.33 liter bottle)

$4.63 CLP 4,555

$3.94 PAB 3.94

17.51%

Milk (1 liter)

$1.04 CLP 1,020

$1.85 PAB 1.85

-43.78%

White Bread (500g)

$1.50 CLP 1,477

$2.56 PAB 2.56

-41.41%

Rice (white) (1kg)

$1.64 CLP 1,617

$3.48 PAB 3.48

-52.87%

Eggs

$3.06 CLP 3,012

$2.69 PAB 2.69

13.75%

Local Cheese (1kg)

$11.14 CLP 11.0K

$12.57 PAB 12.57

-11.38%

Chicken Fillets (1kg)

$6.92 CLP 6,816

$6.83 PAB 6.83

1.32%

Beef Round Steak (1kg)

$10.82 CLP 10.6K

$10.58 PAB 10.58

2.27%

Apples (1kg)

$1.05 CLP 1,029

$4.18 PAB 4.18

-74.88%

Banana (1kg)

$1.00 CLP 982

$1.83 PAB 1.83

-45.36%

Oranges (1kg)

$1.03 CLP 1,017

$4.20 PAB 4.20

-75.48%

Tomato (1kg)

$1.20 CLP 1,184

$4.03 PAB 4.03

-70.22%

Potato (1kg)

$0.30 CLP 291

$3.48 PAB 3.48

-91.38%

Onion (1kg)

$1.00 CLP 981

$4.22 PAB 4.22

-76.30%

Lettuce (1 head)

$0.53 CLP 523

$2.41 PAB 2.41

-78.01%

Water (1.5 liter bottle)

$1.01 CLP 992

$1.69 PAB 1.69

-40.24%

Cigarettes 20 Pack (Marlboro, Camel)

$5.24 CLP 5,153

$6.14 PAB 6.14

-14.66%

Wine (Bottle)

$3.03 CLP 2,985

$11.30 PAB 11.30

-73.19%

Local Beer (0.5 liter bottle)

$1.50 CLP 1,477

$1.42 PAB 1.42

5.63%

Imported Beer (0.33 liter bottle)

$2.27 CLP 2,237

$2.73 PAB 2.73

-16.85%

One-way Ticket (Public Transport)

$0.33 PAB 0.33

Public Transport Monthly Pass (Regular Price)

$21.23 PAB 21.23

Taxi Start (Normal Tariff)

$0.39 CLP 386

$2.52 PAB 2.52

-84.52%

Taxi (Normal Tariff) (1km)

$0.84 CLP 825

$1.86 PAB 1.86

-54.84%

Taxi 1hour Waiting (Normal Tariff)

$11.77 CLP 11.6K

$21.78 PAB 21.78

-45.96%

Gasoline (1 liter)

$1.50 CLP 1,481

$1.25 PAB 1.25

20.00%

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

$18.0K CLP 17.7M

$21.2K PAB 21.2K

-15.32%

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

$21.7K CLP 21.4M

$21.0K PAB 21.0K

3.37%

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

$148 CLP 145.9K

$130 PAB 130

14.16%

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

$12.27 CLP 12.1K

$28.13 PAB 28.13

-56.38%

Internet (50+ Mbps, Unlimited Data)

$18.88 CLP 18.6K

$48.21 PAB 48.21

-60.84%

Gym Membership (Monthly)

$45.78 PAB 45.78

Tennis Court (1 Hour on Weekend)

$14.55 CLP 14.3K

$34.92 PAB 34.92

-58.33%

Cinema Ticket

$7.30 CLP 7,186

$8.67 PAB 8.67

-15.80%

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

$437 CLP 430.1K

$544 PAB 544

-19.72%

International Primary School, 1 Child (Yearly)

$11.1K CLP 11.0M

$9,697 PAB 9,697

14.78%

Jeans (Levis 501 Or Similar)

$50.0 CLP 49.2K

$66.8 PAB 66.8

-25.09%

Summer Dress (H&M, Zara, etc)

$29.06 CLP 28.6K

$49.14 PAB 49.14

-40.86%

Sport Shoes (Adidas, Nike)

$66.0 CLP 65.0K

$93.9 PAB 93.9

-29.63%

Men's Leather Business Shoes

$79.7 CLP 78.5K

$112 PAB 112

-28.53%

1-bedroom Apartment, City Center (Monthly)

$408 CLP 401.8K

$1,257 PAB 1,257

-67.53%

1-bedroom Apartment, Outside City Center (Monthly)

$875 PAB 875

3-bedroom Apartment, City Center (Monthly)

$619 CLP 609.1K

$2,155 PAB 2,155

-71.29%

3-bedroom Apartment, Outside City Center (Monthly)

$1,564 PAB 1,564

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)

$916 PAB 916

20-Year Fixed Mortgage Interest Rate (Annual %)

5.39

6.39

-15.65%

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

Last update for Concon: October 12, 2026

Last update for Panama City: October 10, 2026

Monthly budget structure

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

Groceries & Markets

Concon

$201 29.9%

Panama City

$325 17.5% 61.6% $124

Monthly Utilities & Internet

Concon

$179 26.7%

Panama City

$206 11.1% 14.9% $27

Eating Out

Concon

$172 25.5%

Panama City

$207 11.1% 20.4% $35

Clothing & Footwear

Concon

$101 15%

Panama City

$145 7.8% 42.9% $43

Sport & Entertainment

Concon

$15 * 2.2%

Panama City

$63 3.4% 332% $49

Getting Around

Concon

$4.6 * 0.7%

Panama City

$34 1.9% 651% $30

Accommodation & Living

Concon

- * 0%

Panama City

$875 47.2%

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

Cost Breakdown

A central one-bedroom costs $408 in Concon versus $1,257 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 $38.00 in Concon versus $48.00 in Panama City. Monthly groceries follow the same trend: $201 vs $325 – making Concon the more affordable choice for daily food spending.

Good to know

🇨🇱 Concon

🇵🇦 Panama City

🕒 Local time

18:37 6:37 PM

16:37 4:37 PM

2 h behind Concon

🌤 Weather

👥 Population

39,345

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 17, 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 17, 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

Lowest

Highest

Between locations

Concon Panama City 4,740 km ≈ 6 h nonstop flight

From you

Concon
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

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

Panama City costs about 176% more than Concon, and outside of rent the gap comes mainly from groceries. That's enough to noticeably affect everyday spending and lifestyle for anyone choosing between the two.

For a comfortable life, plan on about $1,009 per month in Concon and $2,783 in Panama City. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Concon, especially for central apartments. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

Monthly expenses with rent come to $673 in Concon and $1,855 in Panama City. That's a gap of about 176%.

Kindergarten costs $437 per month in Concon and $544 in Panama City. For families with young kids, this one expense can tip the scales when choosing between the two cities.

A $1,000 monthly budget goes further in Concon, where all-in costs run around $673, than in Panama City at $1,855. In Concon it covers expenses comfortably, while in Panama City it requires careful planning or may not stretch far enough.

For digital nomads, it depends on budget. Concon costs $673 versus $1,855 in Panama City. Both have workable remote work infrastructure, but the cost gap matters when income varies month to month.

If budget matters most, go with Concon. If higher salaries, better infrastructure, or specific career opportunities are the priority, Panama City makes more sense. Both are solid long-term options with distinct trade-offs.