Last update: Oct 2026

Cost of Living Comparison Between Coronado and Panama City

For one person, living is cheaper in Coronado: $1,349 a month against $1,855 in Panama City, rent and utilities included – about $6,100 less a year. Rent and utilities account for about half of the difference.

67

Cost of Living Index in Coronado
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Coronado Living Index
90

Cost of Living Index in Panama City
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Panama City Living Index

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Coronado

🇵🇦 Panama

$1,349

/mo nomad

Panama City

🇵🇦 Panama

$1,855

/mo nomad

Monthly Cost of Living

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

Monthly costs for one person with rent: $1,349 in Coronado versus $1,855 in Panama City.

Coronado $1,349
Panama City $1,855

Estimated couple costs with rent: $2,172 in Coronado versus $2,804 in Panama City.

Coronado $2,172
Panama City $2,804

Monthly costs for a family of three with rent: $2,996 in Coronado versus $3,753 in Panama City.

Coronado $2,996
Panama City $3,753

Living in Coronado costs roughly 27% less than in Panama City, and outside of rent the biggest gap is in groceries.

Both cities are pricier than the global median: Coronado 0% above, Panama City 37% above.

Meal at Budget Restaurant

$12.23 PAB 12.23

$11.63 PAB 11.63

5.16%

Three-Course Dinner for Two, Mid-Range

$55.3 PAB 55.3

$47.92 PAB 47.92

15.40%

Fast Food Meal (McDonalds, etc)

$8.94 PAB 8.94

$7.96 PAB 7.96

12.31%

Cappuccino

$3.83 PAB 3.83

$4.22 PAB 4.22

-9.24%

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

$1.23 PAB 1.23

$2.01 PAB 2.01

-38.81%

Water (0.33 liter bottle)

$0.92 PAB 0.92

$1.56 PAB 1.56

-41.03%

Local Beer (0.5 liter draught)

$1.02 PAB 1.02

$3.39 PAB 3.39

-69.91%

Imported Beer (0.33 liter bottle)

$2.57 PAB 2.57

$3.94 PAB 3.94

-34.77%

Milk (1 liter)

$1.94 PAB 1.94

$1.85 PAB 1.85

4.86%

White Bread (500g)

$1.59 PAB 1.59

$2.56 PAB 2.56

-37.89%

Rice (white) (1kg)

$3.48 PAB 3.48

Eggs

$2.36 PAB 2.36

$2.69 PAB 2.69

-12.27%

Local Cheese (1kg)

$11.62 PAB 11.62

$12.57 PAB 12.57

-7.56%

Chicken Fillets (1kg)

$6.87 PAB 6.87

$6.83 PAB 6.83

0.59%

Beef Round Steak (1kg)

$9.34 PAB 9.34

$10.58 PAB 10.58

-11.72%

Apples (1kg)

$4.18 PAB 4.18

Banana (1kg)

$0.90 PAB 0.90

$1.83 PAB 1.83

-50.82%

Oranges (1kg)

$2.97 PAB 2.97

$4.20 PAB 4.20

-29.29%

Tomato (1kg)

$2.88 PAB 2.88

$4.03 PAB 4.03

-28.54%

Potato (1kg)

$1.83 PAB 1.83

$3.48 PAB 3.48

-47.41%

Onion (1kg)

$1.86 PAB 1.86

$4.22 PAB 4.22

-55.92%

Lettuce (1 head)

$2.54 PAB 2.54

$2.41 PAB 2.41

5.39%

Water (1.5 liter bottle)

$1.69 PAB 1.69

Cigarettes 20 Pack (Marlboro, Camel)

$6.14 PAB 6.14

Wine (Bottle)

$8.75 PAB 8.75

$11.30 PAB 11.30

-22.57%

Local Beer (0.5 liter bottle)

$0.73 PAB 0.73

$1.42 PAB 1.42

-48.59%

Imported Beer (0.33 liter bottle)

$0.70 PAB 0.70

$2.73 PAB 2.73

-74.36%

One-way Ticket (Public Transport)

$0.67 PAB 0.67

$0.33 PAB 0.33

103.03%

Public Transport Monthly Pass (Regular Price)

$21.23 PAB 21.23

Taxi Start (Normal Tariff)

$1.49 PAB 1.49

$2.52 PAB 2.52

-40.87%

Taxi (Normal Tariff) (1km)

$1.49 PAB 1.49

$1.86 PAB 1.86

-19.89%

Taxi 1hour Waiting (Normal Tariff)

$21.78 PAB 21.78

Gasoline (1 liter)

$0.94 PAB 0.94

$1.25 PAB 1.25

-24.80%

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

$21.2K PAB 21.2K

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

$33.3K PAB 33.3K

$21.0K PAB 21.0K

58.54%

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

$172 PAB 172

$130 PAB 130

32.39%

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

$21.06 PAB 21.06

$28.13 PAB 28.13

-25.13%

Internet (50+ Mbps, Unlimited Data)

$58.8 PAB 58.8

$48.21 PAB 48.21

22.03%

Gym Membership (Monthly)

$59.9 PAB 59.9

$45.78 PAB 45.78

30.82%

Tennis Court (1 Hour on Weekend)

$34.92 PAB 34.92

Cinema Ticket

$3.43 PAB 3.43

$8.67 PAB 8.67

-60.44%

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

$544 PAB 544

International Primary School, 1 Child (Yearly)

$9,697 PAB 9,697

Jeans (Levis 501 Or Similar)

$45.03 PAB 45.03

$66.8 PAB 66.8

-32.54%

Summer Dress (H&M, Zara, etc)

$49.14 PAB 49.14

Sport Shoes (Adidas, Nike)

$93.9 PAB 93.9

Men's Leather Business Shoes

$64.4 PAB 64.4

$112 PAB 112

-42.25%

1-bedroom Apartment, City Center (Monthly)

$773 PAB 773

$1,257 PAB 1,257

-38.51%

1-bedroom Apartment, Outside City Center (Monthly)

$565 PAB 565

$875 PAB 875

-35.45%

3-bedroom Apartment, City Center (Monthly)

$1,241 PAB 1,241

$2,155 PAB 2,155

-42.40%

3-bedroom Apartment, Outside City Center (Monthly)

$1,285 PAB 1,285

$1,564 PAB 1,564

-17.82%

Buy Apartment in City Center (m2)

$3,122 PAB 3,122

Buy Apartment Outside City Center (m2)

$1,970 PAB 1,970

$1,709 PAB 1,709

15.26%

Average Monthly Net Salary (After Tax)

$443 PAB 443

$916 PAB 916

-51.68%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.39

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

Last update for Coronado: October 11, 2026

Last update for Panama City: October 10, 2026

Monthly budget structure

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

Accommodation & Living

Coronado

$565 41.9%

Panama City

$875 47.2% 54.9% $310

Monthly Utilities & Internet

Coronado

$252 18.7%

Panama City

$206 11.1% 18.1% $46

Groceries & Markets

Coronado

$216 * 16%

Panama City

$325 17.5% 50.9% $110

Eating Out

Coronado

$189 14%

Panama City

$207 11.1% 9.1% $17

Sport & Entertainment

Coronado

$67 5%

Panama City

$63 3.4% 5.5% $3.7

Clothing & Footwear

Coronado

$49 * 3.7%

Panama City

$145 7.8% 194% $95

Getting Around

Coronado

$12 * 0.9%

Panama City

$34 1.9% 196% $23

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 $773 in Coronado and $1,257 in Panama City. Housing cost is often the main lever when comparing two cities.

Panama City pays 107% 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: $55.0 in Coronado vs $48.00 in Panama City. Groceries flip the comparison at $216 vs $325, with Coronado cheaper for home cooking.

Good to know

🇵🇦 Coronado

🇵🇦 Panama City

🕒 Local time

11:20 11:20 AM

Same time as Coronado

🌤 Weather

👥 Population

1,444

1,086,990 Capital

💱 Currency

Panamanian Balboa PAB B/.

📈 Exchange rate

1 PAB = 1 USD

1 PAB = 0.89 EUR

1 PAB = 1 USD

1 PAB = 0.89 EUR

Exchange rates and currency converter

On the map

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Highest

Between locations

Coronado Panama City 63 km

From you

Coronado
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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 Panama City: Cost of Living - Frequently Asked Questions

Coronado wins on cost – living expenses run 37% 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, salaries run 107% lower in Panama City. 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: $773 in Coronado versus $1,257 in Panama City. Housing is usually the single largest factor when comparing overall living costs between the two.

All in, you'll spend $1,349 per month in Coronado versus $1,855 in Panama City – a 37% gap that adds up to real savings over time for anyone picking the cheaper option.

Supermarket bills run roughly 51% higher in Panama City. For households that cook at home regularly, that difference adds up over a month.

At $1,349 in Coronado versus $1,855 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 $1,349 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 37% less than in Panama City. Beyond cost, consider language, visa policies, and how big the international community is in each city.