Cost of Living Comparison Between Coronado and Panama City Cost of Living Comparison Between Coronado and Panama City

Monthly Cost of Living

Monthly costs for one person with rent: $1,347 in Coronado versus $1,763 in Panama City.

Estimated couple costs with rent: $2,168 in Coronado versus $2,717 in Panama City.

Monthly costs for a family of three with rent: $2,989 in Coronado versus $3,671 in Panama City.

Living in Coronado costs roughly 24% less than in Panama City, driven mainly by Sport & Entertainment.

Both cities are pricier than the global median: Coronado 1% above, Panama City 32% above.

Meal at Budget Restaurant

$11.86 PAB 11.86

$10.08 PAB 10.08

17.66%

Three-Course Dinner for Two, Mid-Range

$35.29 PAB 35.29

$50.4 PAB 50.4

-29.92%

Fast Food Meal (McDonalds, etc)

$9.52 PAB 9.52

$7.80 PAB 7.80

22.05%

Cappuccino

$3.04 PAB 3.04

$3.69 PAB 3.69

-17.62%

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

$1.08 PAB 1.08

$1.70 PAB 1.70

-36.47%

Water (0.33 liter bottle)

$0.86 PAB 0.86

$1.35 PAB 1.35

-36.30%

Local Beer (0.5 liter draught)

$1.51 PAB 1.51

$3.06 PAB 3.06

-50.65%

Imported Beer (0.33 liter bottle)

$2.96 PAB 2.96

$3.91 PAB 3.91

-24.30%

Milk (1 liter)

$1.86 PAB 1.86

$1.82 PAB 1.82

2.20%

White Bread (500g)

$1.55 PAB 1.55

$2.56 PAB 2.56

-39.45%

Rice (white) (1kg)

$3.09 PAB 3.09

$2.49 PAB 2.49

24.10%

Eggs

$2.24 PAB 2.24

$2.96 PAB 2.96

-24.32%

Local Cheese (1kg)

$14.68 PAB 14.68

$11.25 PAB 11.25

30.49%

Chicken Fillets (1kg)

$6.31 PAB 6.31

$7.22 PAB 7.22

-12.60%

Beef Round Steak (1kg)

$9.31 PAB 9.31

$10.19 PAB 10.19

-8.64%

Apples (1kg)

$2.72 PAB 2.72

$3.43 PAB 3.43

-20.70%

Banana (1kg)

$0.95 PAB 0.95

$1.50 PAB 1.50

-36.67%

Oranges (1kg)

$3.07 PAB 3.07

$2.85 PAB 2.85

7.72%

Tomato (1kg)

$2.94 PAB 2.94

$3.19 PAB 3.19

-7.84%

Potato (1kg)

$2.08 PAB 2.08

$2.21 PAB 2.21

-5.88%

Onion (1kg)

$1.93 PAB 1.93

$2.77 PAB 2.77

-30.32%

Lettuce (1 head)

$2.11 PAB 2.11

$2.25 PAB 2.25

-6.22%

Water (1.5 liter bottle)

$1.58 PAB 1.58

Cigarettes 20 Pack (Marlboro, Camel)

$6.13 PAB 6.13

$5.91 PAB 5.91

3.72%

Wine (Bottle)

$10.17 PAB 10.17

$11.11 PAB 11.11

-8.46%

Local Beer (0.5 liter bottle)

$0.84 PAB 0.84

$1.28 PAB 1.28

-34.38%

Imported Beer (0.33 liter bottle)

$0.88 PAB 0.88

$2.32 PAB 2.32

-62.07%

One-way Ticket (Public Transport)

$1.03 PAB 1.03

$0.40 PAB 0.40

157.50%

Public Transport Monthly Pass (Regular Price)

$22.08 PAB 22.08

Taxi Start (Normal Tariff)

$1.54 PAB 1.54

$2.57 PAB 2.57

-40.08%

Taxi (Normal Tariff) (1km)

$1.49 PAB 1.49

$1.78 PAB 1.78

-16.29%

Taxi 1hour Waiting (Normal Tariff)

$10.18 PAB 10.18

$21.73 PAB 21.73

-53.15%

Gasoline (1 liter)

$0.92 PAB 0.92

$0.93 PAB 0.93

-1.08%

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

$19.7K PAB 19.7K

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

$34.4K PAB 34.4K

$20.9K PAB 20.9K

64.97%

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

$109 PAB 109

$121 PAB 121

-9.92%

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

$21.60 PAB 21.60

$29.44 PAB 29.44

-26.63%

Internet (50+ Mbps, Unlimited Data)

$59.0 PAB 59.0

$49.27 PAB 49.27

19.71%

Gym Membership (Monthly)

$45.92 PAB 45.92

Tennis Court (1 Hour on Weekend)

$32.32 PAB 32.32

Cinema Ticket

$3.34 PAB 3.34

$8.11 PAB 8.11

-58.82%

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

$484 PAB 484

International Primary School, 1 Child (Yearly)

$6,576 PAB 6,576

$15.8K PAB 15.8K

-58.36%

Jeans (Levis 501 Or Similar)

$44.60 PAB 44.60

$51.2 PAB 51.2

-12.86%

Summer Dress (H&M, Zara, etc)

$29.51 PAB 29.51

$45.98 PAB 45.98

-35.82%

Sport Shoes (Adidas, Nike)

$98.2 PAB 98.2

$89.0 PAB 89.0

10.31%

Men's Leather Business Shoes

$133 PAB 133

$122 PAB 122

9.16%

1-bedroom Apartment, City Center (Monthly)

$753 PAB 753

$1,157 PAB 1,157

-34.95%

1-bedroom Apartment, Outside City Center (Monthly)

$570 PAB 570

$893 PAB 893

-36.18%

3-bedroom Apartment, City Center (Monthly)

$1,236 PAB 1,236

$1,996 PAB 1,996

-38.09%

3-bedroom Apartment, Outside City Center (Monthly)

$1,309 PAB 1,309

$1,580 PAB 1,580

-17.16%

Buy Apartment in City Center (m2)

$3,069 PAB 3,069

Buy Apartment Outside City Center (m2)

$2,029 PAB 2,029

$1,730 PAB 1,730

17.29%

Average Monthly Net Salary (After Tax)

$595 PAB 595

$962 PAB 962

-38.18%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.23

-3.69%

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

Last update for Coronado: May 31, 2026

Last update for Panama City: May 30, 2026

Cost Breakdown

A one-bedroom apartment in the center runs $753 in Coronado and $1,157 in Panama City. Housing cost is often the main lever when comparing two cities.

Panama City pays 62% 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: $35.00 in Coronado vs $50.0 in Panama City for a mid-range dinner for two. Groceries echo the gap at $250 vs $293 per month, with Coronado cheaper across the board.

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 Panama City: Cost of Living - Frequently Asked Questions

Coronado wins on cost – living expenses run 31% lower than in Panama City. Housing and daily spending are where you'll feel the difference most, making Coronado the obvious pick if budget is a priority.

On paper, Panama City earns 62% less. 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: $753 in Coronado versus $1,157 in Panama City. Housing is usually the single largest factor when comparing overall living costs between the two.

All in, you'll spend $1,347 per month in Coronado versus $1,763 in Panama City – a 31% gap that adds up to real savings over time for anyone picking the cheaper option.

Supermarket bills run roughly 17% higher in Panama City. For households that cook at home regularly, that difference adds up over a month.

At $1,347 in Coronado versus $1,763 in Panama City, a $1,000 budget is realistic in Coronado but tight or insufficient in Panama City. 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 $1,347 monthly. If stretching your runway or maximizing savings is the goal, the price difference makes Coronado hard to pass up.

Safety-wise, Coronado 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 Coronado gentler on the wallet – expenses run 31% less than in Panama City. Beyond cost, consider language, visa policies, and how big the international community is in each city.