Last update: Oct 2026

Cost of Living Comparison Between Coronado and New York, NY

For one person, living is cheaper in Coronado: $1,362 a month against $5,142 in New York, NY, rent and utilities included – about $45,400 less a year. Rent and utilities account for most of the difference.

67

Cost of Living Index in Coronado
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Coronado Living Index
245

Cost of Living Index in New York, NY
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New York, NY Living Index

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Coronado

🇵🇦 Panama

$1,362

/mo nomad

New York, NY

🇺🇸 United States

$5,142

/mo nomad

Monthly Cost of Living

How much you'll spend in Coronado and in New York, NY

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Coronado and in New York, NY actually costs, broken down by who's living it.

Monthly costs for one person with rent: $1,362 in Coronado versus $5,142 in New York, NY.

Coronado $1,362
New York, NY $5,142

Estimated couple costs with rent: $2,195 in Coronado versus $7,455 in New York, NY.

Coronado $2,195
New York, NY $7,455

Monthly costs for a family of three with rent: $3,029 in Coronado versus $9,767 in New York, NY.

Coronado $3,029
New York, NY $9,767

Living in Coronado costs roughly 74% less than in New York, NY, and outside of rent the biggest gap is in groceries.

Both cities are pricier than the global median: Coronado 2% above, New York, NY 284% above.

Meal at Budget Restaurant

$12.17 PAB 12.17

$26.46 $26.46

-54.01%

Three-Course Dinner for Two, Mid-Range

$56.0 PAB 56.0

$119 $119

-52.83%

Fast Food Meal (McDonalds, etc)

$8.50 PAB 8.50

$14.43 $14.43

-41.09%

Cappuccino

$3.75 PAB 3.75

$6.55 $6.55

-42.75%

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

$1.20 PAB 1.20

$3.84 $3.84

-68.75%

Water (0.33 liter bottle)

$0.90 PAB 0.90

$3.00 $3.00

-70.00%

Local Beer (0.5 liter draught)

$0.98 PAB 0.98

$8.27 $8.27

-88.15%

Imported Beer (0.33 liter bottle)

$2.55 PAB 2.55

$10.05 $10.05

-74.63%

Milk (1 liter)

$1.93 PAB 1.93

$1.31 $1.31

47.33%

White Bread (500g)

$1.59 PAB 1.59

$4.90 $4.90

-67.55%

Rice (white) (1kg)

$7.16 $7.16

Eggs

$2.36 PAB 2.36

$5.92 $5.92

-60.14%

Local Cheese (1kg)

$11.68 PAB 11.68

$19.06 $19.06

-38.72%

Chicken Fillets (1kg)

$6.58 PAB 6.58

$17.38 $17.38

-62.14%

Beef Round Steak (1kg)

$9.18 PAB 9.18

$18.94 $18.94

-51.53%

Apples (1kg)

$6.96 $6.96

Banana (1kg)

$0.96 PAB 0.96

$2.08 $2.08

-53.85%

Oranges (1kg)

$3.07 PAB 3.07

$6.10 $6.10

-49.67%

Tomato (1kg)

$2.87 PAB 2.87

$6.95 $6.95

-58.71%

Potato (1kg)

$1.84 PAB 1.84

$3.98 $3.98

-53.77%

Onion (1kg)

$1.93 PAB 1.93

$4.44 $4.44

-56.53%

Lettuce (1 head)

$2.46 PAB 2.46

$2.81 $2.81

-12.46%

Water (1.5 liter bottle)

$2.51 $2.51

Cigarettes 20 Pack (Marlboro, Camel)

$19.27 $19.27

Wine (Bottle)

$8.60 PAB 8.60

$19.67 $19.67

-56.28%

Local Beer (0.5 liter bottle)

$0.70 PAB 0.70

$3.08 $3.08

-77.27%

Imported Beer (0.33 liter bottle)

$0.71 PAB 0.71

$3.68 $3.68

-80.71%

One-way Ticket (Public Transport)

$0.68 PAB 0.68

$3.02 $3.02

-77.48%

Public Transport Monthly Pass (Regular Price)

$140 $140

Taxi Start (Normal Tariff)

$1.46 PAB 1.46

$3.07 $3.07

-52.44%

Taxi (Normal Tariff) (1km)

$1.54 PAB 1.54

$2.13 $2.13

-27.70%

Taxi 1hour Waiting (Normal Tariff)

$41.21 $41.21

Gasoline (1 liter)

$0.98 PAB 0.98

$1.11 $1.11

-11.71%

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

$35.0K $35.0K

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

$34.6K PAB 34.6K

$25.4K $25.4K

36.14%

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

$169 PAB 169

$217 $217

-22.07%

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

$21.63 PAB 21.63

$74.0 $74.0

-70.78%

Internet (50+ Mbps, Unlimited Data)

$59.1 PAB 59.1

$72.5 $72.5

-18.42%

Gym Membership (Monthly)

$59.4 PAB 59.4

$120 $120

-50.67%

Tennis Court (1 Hour on Weekend)

$66.9 $66.9

Cinema Ticket

$3.42 PAB 3.42

$22.32 $22.32

-84.68%

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

$3,425 $3,425

International Primary School, 1 Child (Yearly)

$61.2K $61.2K

Jeans (Levis 501 Or Similar)

$45.22 PAB 45.22

$76.3 $76.3

-40.73%

Summer Dress (H&M, Zara, etc)

$55.5 $55.5

Sport Shoes (Adidas, Nike)

$119 $119

Men's Leather Business Shoes

$64.0 PAB 64.0

$131 $131

-50.99%

1-bedroom Apartment, City Center (Monthly)

$750 PAB 750

$4,506 $4,506

-83.36%

1-bedroom Apartment, Outside City Center (Monthly)

$559 PAB 559

$3,155 $3,155

-82.27%

3-bedroom Apartment, City Center (Monthly)

$1,253 PAB 1,253

$8,817 $8,817

-85.78%

3-bedroom Apartment, Outside City Center (Monthly)

$1,262 PAB 1,262

$5,532 $5,532

-77.18%

Buy Apartment in City Center (m2)

$19.4K $19.4K

Buy Apartment Outside City Center (m2)

$2,019 PAB 2,019

$6,754 $6,754

-70.11%

Average Monthly Net Salary (After Tax)

$455 PAB 455

$5,290 $5,290

-91.40%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.82

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

Last update for Coronado: October 3, 2026

Last update for New York, NY: October 3, 2026

Monthly budget structure

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

Accommodation & Living

Coronado

$559 41.8%

New York, NY

$3.2K 63.2% 464% $2.6K

Monthly Utilities & Internet

Coronado

$250 18.7%

New York, NY

$364 7.3% 45.5% $114

Groceries & Markets

Coronado

$214 * 16%

New York, NY

$546 11% 155% $332

Eating Out

Coronado

$186 13.9%

New York, NY

$422 8.5% 127% $236

Sport & Entertainment

Coronado

$66 5%

New York, NY

$165 3.3% 149% $99

Clothing & Footwear

Coronado

$49 * 3.7%

New York, NY

$172 3.4% 249% $123

Getting Around

Coronado

$12 * 0.9%

New York, NY

$165 3.3% 1291% $153

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

Cost Breakdown

A one-bedroom apartment in the center runs $750 in Coronado and $4,506 in New York, NY. Housing cost is often the main lever when comparing two cities.

New York, NY pays 1063% 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: $56.0 in Coronado vs $119 in New York, NY for a mid-range dinner for two. Groceries echo the gap at $214 vs $546 per month, with Coronado cheaper across the board.

Good to know

🇵🇦 Coronado

🇺🇸 New York, NY

🕒 Local time

02:44 2:44 AM

03:44 3:44 AM

1 h ahead of Coronado

🌤 Weather

👥 Population

1,444

8,804,190

💱 Currency

Panamanian Balboa PAB B/.

United States Dollar USD $

📈 Exchange rate

1 PAB = 1 USD

1 PAB = 0.892 EUR

1 USD = 0.892 EUR

Exchange rates and currency converter

USD, EUR to PAB – Panamanian Balboa Converter

🇺🇸 United States Dollar ($)

🇵🇦 Panamanian Balboa (B/.)

Panamanian Balboa exchange rates as of October 10, 2026: 1 USD = 1 PAB (1 PAB = 1 USD). 1 EUR = 1.12 PAB (1 PAB = 0.892 EUR).

United States Dollar exchange rates as of October 10, 2026: 1 EUR = 1.12 USD (1 USD = 0.892 EUR).

USD to PAB in detail →

On the map

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Highest

Between locations

Coronado New York, NY 3,610 km ≈ 5 h nonstop flight

From you

Coronado
New York, NY

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

Coronado vs New York, NY: Cost of Living - Frequently Asked Questions

Coronado wins on cost – living expenses run 278% lower than in New York, NY. Housing and daily spending are where you'll feel the difference most, making Coronado the obvious pick if budget is a priority.

On paper, salaries run 1063% lower in New York, NY. That's worth factoring in alongside costs, though remote workers earning in a stronger currency may not notice the difference at all.

Rent for a central apartment: $750 in Coronado versus $4,506 in New York, NY. Housing is usually the single largest factor when comparing overall living costs between the two.

All in, you'll spend $1,362 per month in Coronado versus $5,142 in New York, NY – a 278% gap that adds up to real savings over time for anyone picking the cheaper option.

Supermarket bills run roughly 155% higher in New York, NY. For households that cook at home regularly, that difference adds up over a month.

At $1,362 in Coronado versus $5,142 in New York, NY, a $1,000 budget is realistic in Coronado but tight or insufficient in New York, NY. The gap between the two cities makes Coronado the clear choice for anyone on this budget.

Both work as nomad bases, but Coronado delivers better value – similar infrastructure at $1,362 monthly. If stretching your runway or maximizing savings is the goal, the price difference makes Coronado hard to pass up.

Safety-wise, Coronado and New York, NY 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 Coronado gentler on the wallet – expenses run 278% less than in New York, NY. Beyond cost, consider language, visa policies, and how big the international community is in each city.