Last update: Nov 2026

Cost of Living Comparison Between Durango, CO and Panama City

For one person, living is cheaper in Panama City: $1,972 a month against $3,013 in Durango, CO, rent and utilities included – about $12,500 less a year. Rent and utilities account for most of the difference.

145

Cost of Living Index in Durango, CO
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Durango, CO Living Index
95

Cost of Living Index in Panama City
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Panama City Living Index

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Durango, CO

🇺🇸 United States

$3,013

/mo nomad

Panama City

🇵🇦 Panama

$1,972

/mo nomad

Monthly Cost of Living

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

Monthly costs for one person with rent: $3,013 in Durango, CO versus $1,972 in Panama City.

Durango, CO $3,013
Panama City $1,972

Estimated couple costs with rent: $4,117 in Durango, CO versus $2,930 in Panama City.

Durango, CO $4,117
Panama City $2,930

Monthly costs for a family of three with rent: $5,221 in Durango, CO versus $3,888 in Panama City.

Durango, CO $5,221
Panama City $3,888

Living in Durango, CO is roughly 53% 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: Durango, CO 123% above, Panama City 46% above.

Meal at Budget Restaurant

$14.85 $14.85

$11.37 PAB 11.37

30.61%

Three-Course Dinner for Two, Mid-Range

$59.7 $59.7

$46.69 PAB 46.69

27.76%

Fast Food Meal (McDonalds, etc)

$8.13 $8.13

$7.98 PAB 7.98

1.88%

Cappuccino

$4.79 $4.79

$4.12 PAB 4.12

16.26%

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

$2.94 $2.94

$2.01 PAB 2.01

46.27%

Water (0.33 liter bottle)

$2.44 $2.44

$1.57 PAB 1.57

55.41%

Local Beer (0.5 liter draught)

$5.84 $5.84

$3.28 PAB 3.28

78.05%

Imported Beer (0.33 liter bottle)

$6.83 $6.83

$3.88 PAB 3.88

76.03%

Milk (1 liter)

$0.92 $0.92

$1.82 PAB 1.82

-49.45%

White Bread (500g)

$3.29 $3.29

$2.61 PAB 2.61

26.05%

Rice (white) (1kg)

$3.24 $3.24

$3.45 PAB 3.45

-6.09%

Eggs

$4.83 $4.83

$2.68 PAB 2.68

80.22%

Local Cheese (1kg)

$11.93 $11.93

$12.42 PAB 12.42

-3.95%

Chicken Fillets (1kg)

$9.72 $9.72

$6.73 PAB 6.73

44.43%

Beef Round Steak (1kg)

$11.07 $11.07

$10.44 PAB 10.44

6.03%

Apples (1kg)

$4.35 $4.35

$4.21 PAB 4.21

3.33%

Banana (1kg)

$1.42 $1.42

$1.95 PAB 1.95

-27.18%

Oranges (1kg)

$4.22 $4.22

$4.07 PAB 4.07

3.69%

Tomato (1kg)

$5.15 $5.15

$4.02 PAB 4.02

28.11%

Potato (1kg)

$3.12 $3.12

$3.46 PAB 3.46

-9.83%

Onion (1kg)

$3.35 $3.35

$4.42 PAB 4.42

-24.21%

Lettuce (1 head)

$2.02 $2.02

$2.43 PAB 2.43

-16.87%

Water (1.5 liter bottle)

$2.89 $2.89

$1.72 PAB 1.72

68.02%

Cigarettes 20 Pack (Marlboro, Camel)

$10.88 $10.88

$6.04 PAB 6.04

80.13%

Wine (Bottle)

$4.08 $4.08

$11.68 PAB 11.68

-65.07%

Local Beer (0.5 liter bottle)

$2.40 $2.40

$1.41 PAB 1.41

70.21%

Imported Beer (0.33 liter bottle)

$3.53 $3.53

$2.74 PAB 2.74

28.83%

One-way Ticket (Public Transport)

$0.33 PAB 0.33

Public Transport Monthly Pass (Regular Price)

$29.92 $29.92

$20.65 PAB 20.65

44.89%

Taxi Start (Normal Tariff)

$3.91 $3.91

$2.45 PAB 2.45

59.59%

Taxi (Normal Tariff) (1km)

$2.15 $2.15

$1.76 PAB 1.76

22.16%

Taxi 1hour Waiting (Normal Tariff)

$35.08 $35.08

$21.86 PAB 21.86

60.48%

Gasoline (1 liter)

$0.84 $0.84

$1.20 PAB 1.20

-30.00%

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

$29.8K $29.8K

$24.6K PAB 24.6K

21.29%

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

$25.0K $25.0K

$20.9K PAB 20.9K

19.91%

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

$160 $160

$132 PAB 132

21.60%

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

$52.3 $52.3

$27.89 PAB 27.89

87.59%

Internet (50+ Mbps, Unlimited Data)

$68.3 $68.3

$49.10 PAB 49.10

39.10%

Gym Membership (Monthly)

$18.87 $18.87

$44.53 PAB 44.53

-57.62%

Tennis Court (1 Hour on Weekend)

$34.01 PAB 34.01

Cinema Ticket

$11.89 $11.89

$8.70 PAB 8.70

36.67%

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

$1,344 $1,344

$537 PAB 537

150.43%

International Primary School, 1 Child (Yearly)

$23.3K $23.3K

$20.5K PAB 20.5K

13.69%

Jeans (Levis 501 Or Similar)

$53.9 $53.9

$65.8 PAB 65.8

-18.13%

Summer Dress (H&M, Zara, etc)

$42.79 $42.79

$48.45 PAB 48.45

-11.68%

Sport Shoes (Adidas, Nike)

$104 $104

$95.4 PAB 95.4

8.69%

Men's Leather Business Shoes

$120 $120

$114 PAB 114

5.52%

1-bedroom Apartment, City Center (Monthly)

$2,355 $2,355

$1,405 PAB 1,405

67.64%

1-bedroom Apartment, Outside City Center (Monthly)

$1,885 $1,885

$994 PAB 994

89.62%

3-bedroom Apartment, City Center (Monthly)

$3,431 $3,431

$2,221 PAB 2,221

54.47%

3-bedroom Apartment, Outside City Center (Monthly)

$2,754 $2,754

$1,714 PAB 1,714

60.73%

Buy Apartment in City Center (m2)

$4,960 $4,960

$3,139 PAB 3,139

58.02%

Buy Apartment Outside City Center (m2)

$4,885 $4,885

$1,724 PAB 1,724

183.42%

Average Monthly Net Salary (After Tax)

$4,720 $4,720

$936 PAB 936

404.33%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.36

6.39

-0.47%

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

Last update for Durango, CO: November 3, 2026

Last update for Panama City: November 3, 2026

Monthly budget structure

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

Accommodation & Living

Durango, CO

$1.9K 62.6%

Panama City

$994 50.4% 47.3% $891

Groceries & Markets

Durango, CO

$351 11.6%

Panama City

$326 16.5% 7.2% $25

Monthly Utilities & Internet

Durango, CO

$281 9.3%

Panama City

$209 10.6% 25.7% $72

Eating Out

Durango, CO

$265 8.8%

Panama City

$203 10.3% 23.5% $62

Clothing & Footwear

Durango, CO

$144 4.8%

Panama City

$145 7.4% 1% $1.4

Getting Around

Durango, CO

$45 * 1.5%

Panama City

$33 1.7% 25.5% $11

Sport & Entertainment

Durango, CO

$43 1.4%

Panama City

$62 3.1% 45.2% $19

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 $2,355 in Durango, CO and $1,405 in Panama City. Housing cost is often the main lever when comparing two cities.

Durango, CO pays about 5 times more on average. How far that income stretches comes down to housing choices and lifestyle.

Dining out: $60 in Durango, CO vs $47 in Panama City for a mid-range dinner for two. Groceries echo the gap at $351 vs $326 per month, with Panama City cheaper across the board.

Good to know

🇺🇸 Durango, CO

🇵🇦 Panama City

🕒 Local time

02:12 2:12 AM

04:12 4:12 AM

2 h ahead of Durango, CO

🌤 Weather

👥 Population

19,071

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 November 6, 2026: 1 EUR = 1.12 USD (1 USD = 0.89 EUR).

Panamanian Balboa exchange rates as of November 6, 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

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Between locations

Durango, CO Panama City 4,240 km ≈ 6 h nonstop flight

From you

Durango, CO
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

Durango, CO vs Panama City: Cost of Living - Frequently Asked Questions

Panama City is about 35% cheaper overall, especially in eating out, utilities, and groceries. That difference adds up to real monthly savings that compound significantly over time.

Average pay in Durango, CO is about 5 times higher, 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: $2,355 in Durango, CO versus $1,405 in Panama City. Housing is usually the single largest factor when comparing overall living costs between the two.

A monthly transit pass in Panama City runs roughly 31% less than in Durango, CO. The price difference matters if you commute daily and watch your budget.

Childcare runs $1,344 in Durango, CO versus $537 in Panama City. Over years of preschool, even a modest monthly gap compounds into a major financial factor for families.

At $1,972 in Panama City versus $3,013 in Durango, CO, a $2,500 budget is realistic in Panama City but tight or insufficient in Durango, CO. 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.

Expats usually find Panama City gentler on the wallet – expenses run 35% less than in Durango, CO. Beyond cost, consider language, visa policies, and how big the international community is in each city.