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: $1,431 in Coronado versus $1,875 in Panama City.

Estimated couple costs with rent: $2,323 in Coronado versus $2,722 in Panama City.

Monthly costs for a family of three with rent: $3,216 in Coronado versus $3,569 in Panama City.

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

Both cities are pricier than the global median: Coronado 4% above, Panama City 36% above.

Meal at Budget Restaurant

$11.83 PAB 11.83

$10.05 PAB 10.05

17.71%

Three-Course Dinner for Two, Mid-Range

$55.6 PAB 55.6

$45.07 PAB 45.07

23.36%

Fast Food Meal (McDonalds, etc)

$8.99 PAB 8.99

$7.91 PAB 7.91

13.65%

Cappuccino

$4.56 PAB 4.56

$4.12 PAB 4.12

10.68%

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

$0.90 PAB 0.90

$1.93 PAB 1.93

-53.37%

Water (0.33 liter bottle)

$0.94 PAB 0.94

$1.56 PAB 1.56

-39.74%

Local Beer (0.5 liter draught)

$0.98 PAB 0.98

$2.95 PAB 2.95

-66.78%

Imported Beer (0.33 liter bottle)

$3.06 PAB 3.06

$4.07 PAB 4.07

-24.82%

Milk (1 liter)

$1.95 PAB 1.95

$1.91 PAB 1.91

2.09%

White Bread (500g)

$1.55 PAB 1.55

$2.44 PAB 2.44

-36.48%

Rice (white) (1kg)

$2.93 PAB 2.93

$3.12 PAB 3.12

-6.09%

Eggs

$2.35 PAB 2.35

$2.81 PAB 2.81

-16.37%

Local Cheese (1kg)

$11.86 PAB 11.86

$12.63 PAB 12.63

-6.10%

Chicken Fillets (1kg)

$6.72 PAB 6.72

$6.49 PAB 6.49

3.54%

Beef Round Steak (1kg)

$9.04 PAB 9.04

$10.25 PAB 10.25

-11.80%

Apples (1kg)

$4.49 PAB 4.49

Banana (1kg)

$0.98 PAB 0.98

$1.69 PAB 1.69

-42.01%

Oranges (1kg)

$3.03 PAB 3.03

$3.99 PAB 3.99

-24.06%

Tomato (1kg)

$2.91 PAB 2.91

$3.94 PAB 3.94

-26.14%

Potato (1kg)

$1.80 PAB 1.80

$3.24 PAB 3.24

-44.44%

Onion (1kg)

$1.86 PAB 1.86

$4.27 PAB 4.27

-56.44%

Lettuce (1 head)

$2.18 PAB 2.18

$2.17 PAB 2.17

0.46%

Water (1.5 liter bottle)

$1.69 PAB 1.69

Cigarettes 20 Pack (Marlboro, Camel)

$5.90 PAB 5.90

$5.98 PAB 5.98

-1.34%

Wine (Bottle)

$10.18 PAB 10.18

$10.78 PAB 10.78

-5.57%

Local Beer (0.5 liter bottle)

$0.73 PAB 0.73

$1.42 PAB 1.42

-48.59%

Imported Beer (0.33 liter bottle)

$0.68 PAB 0.68

$2.71 PAB 2.71

-74.91%

One-way Ticket (Public Transport)

$0.99 PAB 0.99

$0.37 PAB 0.37

167.57%

Public Transport Monthly Pass (Regular Price)

$20.77 PAB 20.77

Taxi Start (Normal Tariff)

$1.53 PAB 1.53

$2.53 PAB 2.53

-39.53%

Taxi (Normal Tariff) (1km)

$1.47 PAB 1.47

$1.85 PAB 1.85

-20.54%

Taxi 1hour Waiting (Normal Tariff)

$10.02 PAB 10.02

$21.85 PAB 21.85

-54.14%

Gasoline (1 liter)

$0.94 PAB 0.94

$1.16 PAB 1.16

-18.97%

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

$21.7K PAB 21.7K

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

$34.3K PAB 34.3K

$21.4K PAB 21.4K

60.36%

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

$141 PAB 141

$132 PAB 132

6.07%

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

$20.92 PAB 20.92

$28.93 PAB 28.93

-27.69%

Internet (50+ Mbps, Unlimited Data)

$58.8 PAB 58.8

$49.52 PAB 49.52

18.72%

Gym Membership (Monthly)

$58.8 PAB 58.8

$47.25 PAB 47.25

24.49%

Tennis Court (1 Hour on Weekend)

$33.24 PAB 33.24

Cinema Ticket

$3.34 PAB 3.34

$7.88 PAB 7.88

-57.61%

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

$546 PAB 546

International Primary School, 1 Child (Yearly)

$5,910 PAB 5,910

$9,732 PAB 9,732

-39.27%

Jeans (Levis 501 Or Similar)

$45.89 PAB 45.89

$59.5 PAB 59.5

-22.91%

Summer Dress (H&M, Zara, etc)

$30.06 PAB 30.06

$46.26 PAB 46.26

-35.02%

Sport Shoes (Adidas, Nike)

$99.1 PAB 99.1

$92.3 PAB 92.3

7.36%

Men's Leather Business Shoes

$130 PAB 130

$116 PAB 116

12.61%

1-bedroom Apartment, City Center (Monthly)

$772 PAB 772

$1,276 PAB 1,276

-39.54%

1-bedroom Apartment, Outside City Center (Monthly)

$561 PAB 561

$904 PAB 904

-37.88%

3-bedroom Apartment, City Center (Monthly)

$1,248 PAB 1,248

$2,126 PAB 2,126

-41.30%

3-bedroom Apartment, Outside City Center (Monthly)

$1,290 PAB 1,290

$1,469 PAB 1,469

-12.19%

Buy Apartment in City Center (m2)

$3,086 PAB 3,086

Buy Apartment Outside City Center (m2)

$2,024 PAB 2,024

$1,697 PAB 1,697

19.24%

Average Monthly Net Salary (After Tax)

$608 PAB 608

$925 PAB 925

-34.21%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.39

-6.10%

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

Last update for Coronado: August 30, 2026

Last update for Panama City: August 31, 2026

Cost Breakdown

A one-bedroom apartment in the center runs $772 in Coronado and $1,276 in Panama City. Housing cost is often the main lever when comparing two cities.

Panama City pays 52% 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 $45.00 in Panama City. Groceries flip the comparison at $228 vs $318, with Coronado cheaper for home cooking.

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, salaries run 52% 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: $772 in Coronado versus $1,276 in Panama City. Housing is usually the single largest factor when comparing overall living costs between the two.

All in, you'll spend $1,431 per month in Coronado versus $1,875 in Panama City – a 31% gap that adds up to real savings over time for anyone picking the cheaper option.

Supermarket bills run roughly 39% higher in Panama City. For households that cook at home regularly, that difference adds up over a month.

At $1,431 in Coronado versus $1,875 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 $1,431 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.