Last update: Oct 2026

Cost of Living Comparison Between Concord, CA and Panama City

For one person, living is cheaper in Panama City: $1,855 a month against $3,079 in Concord, CA, rent and utilities included – about $14,700 less a year. Rent and utilities account for most of the difference.

151

Cost of Living Index in Concord, CA
Learn more

Concord, CA Living Index
90

Cost of Living Index in Panama City
Learn more

Panama City Living Index

Jump to prices

Concord, CA

🇺🇸 United States

$3,079

/mo nomad

Panama City

🇵🇦 Panama

$1,855

/mo nomad

Monthly Cost of Living

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

Monthly costs for one person with rent: $3,079 in Concord, CA versus $1,855 in Panama City.

Concord, CA $3,079
Panama City $1,855

Estimated couple costs with rent: $4,627 in Concord, CA versus $2,804 in Panama City.

Concord, CA $4,627
Panama City $2,804

Monthly costs for a family of three with rent: $6,175 in Concord, CA versus $3,753 in Panama City.

Concord, CA $6,175
Panama City $3,753

Living in Concord, CA is roughly 66% more expensive than in Panama City, and outside of rent the biggest gap is in eating out.

Both cities are pricier than the global median: Concord, CA 128% above, Panama City 37% above.

Meal at Budget Restaurant

$24.98 $24.98

$11.63 PAB 11.63

114.79%

Three-Course Dinner for Two, Mid-Range

$79.0 $79.0

$47.92 PAB 47.92

64.82%

Fast Food Meal (McDonalds, etc)

$15.14 $15.14

$7.96 PAB 7.96

90.20%

Cappuccino

$5.98 $5.98

$4.22 PAB 4.22

41.71%

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

$3.27 $3.27

$2.01 PAB 2.01

62.69%

Water (0.33 liter bottle)

$2.62 $2.62

$1.56 PAB 1.56

67.95%

Local Beer (0.5 liter draught)

$9.03 $9.03

$3.39 PAB 3.39

166.37%

Imported Beer (0.33 liter bottle)

$8.23 $8.23

$3.94 PAB 3.94

108.88%

Milk (1 liter)

$1.32 $1.32

$1.85 PAB 1.85

-28.65%

White Bread (500g)

$4.33 $4.33

$2.56 PAB 2.56

69.14%

Rice (white) (1kg)

$4.70 $4.70

$3.48 PAB 3.48

35.06%

Eggs

$5.53 $5.53

$2.69 PAB 2.69

105.58%

Local Cheese (1kg)

$24.74 $24.74

$12.57 PAB 12.57

96.82%

Chicken Fillets (1kg)

$11.65 $11.65

$6.83 PAB 6.83

70.57%

Beef Round Steak (1kg)

$13.28 $13.28

$10.58 PAB 10.58

25.52%

Apples (1kg)

$5.39 $5.39

$4.18 PAB 4.18

28.95%

Banana (1kg)

$2.54 $2.54

$1.83 PAB 1.83

38.80%

Oranges (1kg)

$4.76 $4.76

$4.20 PAB 4.20

13.33%

Tomato (1kg)

$5.88 $5.88

$4.03 PAB 4.03

45.91%

Potato (1kg)

$3.40 $3.40

$3.48 PAB 3.48

-2.30%

Onion (1kg)

$3.85 $3.85

$4.22 PAB 4.22

-8.77%

Lettuce (1 head)

$2.46 $2.46

$2.41 PAB 2.41

2.07%

Water (1.5 liter bottle)

$2.63 $2.63

$1.69 PAB 1.69

55.62%

Cigarettes 20 Pack (Marlboro, Camel)

$7.56 $7.56

$6.14 PAB 6.14

23.13%

Wine (Bottle)

$12.82 $12.82

$11.30 PAB 11.30

13.45%

Local Beer (0.5 liter bottle)

$1.98 $1.98

$1.42 PAB 1.42

39.44%

Imported Beer (0.33 liter bottle)

$2.47 $2.47

$2.73 PAB 2.73

-9.52%

One-way Ticket (Public Transport)

$2.49 $2.49

$0.33 PAB 0.33

654.55%

Public Transport Monthly Pass (Regular Price)

$59.4 $59.4

$21.23 PAB 21.23

179.56%

Taxi Start (Normal Tariff)

$3.47 $3.47

$2.52 PAB 2.52

37.70%

Taxi (Normal Tariff) (1km)

$1.91 $1.91

$1.86 PAB 1.86

2.69%

Taxi 1hour Waiting (Normal Tariff)

$39.88 $39.88

$21.78 PAB 21.78

83.10%

Gasoline (1 liter)

$1.47 $1.47

$1.25 PAB 1.25

17.60%

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

$30.2K $30.2K

$21.2K PAB 21.2K

41.99%

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

$26.5K $26.5K

$21.0K PAB 21.0K

26.27%

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

$139 $139

$130 PAB 130

7.12%

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

$43.06 $43.06

$28.13 PAB 28.13

53.08%

Internet (50+ Mbps, Unlimited Data)

$63.6 $63.6

$48.21 PAB 48.21

32.01%

Gym Membership (Monthly)

$98.4 $98.4

$45.78 PAB 45.78

115.03%

Tennis Court (1 Hour on Weekend)

$34.92 PAB 34.92

Cinema Ticket

$14.83 $14.83

$8.67 PAB 8.67

71.05%

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

$2,270 $2,270

$544 PAB 544

317.09%

International Primary School, 1 Child (Yearly)

$24.0K $24.0K

$9,697 PAB 9,697

147.39%

Jeans (Levis 501 Or Similar)

$51.5 $51.5

$66.8 PAB 66.8

-22.89%

Summer Dress (H&M, Zara, etc)

$40.78 $40.78

$49.14 PAB 49.14

-17.01%

Sport Shoes (Adidas, Nike)

$73.9 $73.9

$93.9 PAB 93.9

-21.25%

Men's Leather Business Shoes

$61.0 $61.0

$112 PAB 112

-45.32%

1-bedroom Apartment, City Center (Monthly)

$2,315 $2,315

$1,257 PAB 1,257

84.18%

1-bedroom Apartment, Outside City Center (Monthly)

$1,658 $1,658

$875 PAB 875

89.51%

3-bedroom Apartment, City Center (Monthly)

$3,534 $3,534

$2,155 PAB 2,155

63.97%

3-bedroom Apartment, Outside City Center (Monthly)

$2,968 $2,968

$1,564 PAB 1,564

89.78%

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)

$4,847 $4,847

$916 PAB 916

429.17%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.66

6.39

4.23%

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

Last update for Concord, CA: October 13, 2026

Last update for Panama City: October 10, 2026

Monthly budget structure

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

Accommodation & Living

Concord, CA

$1.7K 53.9%

Panama City

$875 47.2% 47.2% $783

Groceries & Markets

Concord, CA

$460 14.9%

Panama City

$325 17.5% 29.3% $135

Eating Out

Concord, CA

$402 13.1%

Panama City

$207 11.1% 48.6% $196

Monthly Utilities & Internet

Concord, CA

$246 8%

Panama City

$206 11.1% 16.1% $40

Sport & Entertainment

Concord, CA

$128 4.2%

Panama City

$63 3.4% 50.7% $65

Clothing & Footwear

Concord, CA

$102 3.3%

Panama City

$145 7.8% 41.4% $42

Getting Around

Concord, CA

$82 2.7%

Panama City

$34 1.9% 58.2% $48

Cost Breakdown

A one-bedroom apartment in the center runs $2,315 in Concord, CA and $1,257 in Panama City. Housing cost is often the main lever when comparing two cities.

Concord, CA pays 429% 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: $79.0 in Concord, CA vs $48.00 in Panama City for a mid-range dinner for two. Groceries echo the gap at $460 vs $325 per month, with Panama City cheaper across the board.

Good to know

🇺🇸 Concord, CA

🇵🇦 Panama City

🕒 Local time

02:42 2:42 AM

04:42 4:42 AM

2 h ahead of Concord, CA

🌤 Weather

👥 Population

42,695

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 October 18, 2026: 1 EUR = 1.12 USD (1 USD = 0.89 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).

PAB to USD in detail →

On the map

Lowest

Highest

Between locations

Concord, CA Panama City 5,330 km ≈ 7 h nonstop flight

From you

Concord, CA
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

Concord, CA vs Panama City: Cost of Living - Frequently Asked Questions

Concord, CA and Panama City differ by about 66% in total monthly costs ($3,079 vs $1,855 including rent). Panama City is meaningfully more affordable – a gap that matters a lot on a fixed or modest income.

Average pay runs 429% higher in Concord, CA, which matters when comparing affordability. Whether that higher income actually nets you more depends on your spending habits and housing choices.

Rent for a central apartment: $2,315 in Concord, CA versus $1,257 in Panama City. Housing is usually the single largest factor when comparing overall living costs between the two.

Dining out is cheaper in Panama City – a meal for two runs $48.00 versus $79.0 in Concord, CA. If you eat out regularly, this makes a real dent in your monthly spending.

All in, you'll spend $3,079 per month in Concord, CA versus $1,855 in Panama City – a 66% gap that adds up to real savings over time for anyone picking the cheaper option.

At $1,855 in Panama City versus $3,079 in Concord, CA, a $2,500 budget is realistic in Panama City but tight or insufficient in Concord, CA. 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.

Safety-wise, Concord, CA and Panama City are on par. Petty crime is typical for cities this size, and most residents feel comfortable going about their daily routines in either place.

Expats usually find Panama City gentler on the wallet – expenses run 66% less than in Concord, CA. Beyond cost, consider language, visa policies, and how big the international community is in each city.