Last update: Oct 2026

Cost of Living Comparison Between Osorno and Panama City

For one person, living is cheaper in Osorno: $1,025 a month against $1,855 in Panama City, rent and utilities included – about $10,000 less a year. Rent and utilities account for most of the difference.

50

Cost of Living Index in Osorno
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Osorno Living Index
90

Cost of Living Index in Panama City
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Panama City Living Index

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Osorno

🇨🇱 Chile

$1,025

/mo nomad

Panama City

🇵🇦 Panama

$1,855

/mo nomad

Monthly Cost of Living

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

A single person spends $1,025 per month in Osorno vs $1,855 in Panama City, rent included.

Osorno $1,025
Panama City $1,855

A couple spends around $1,505 per month in Osorno vs $2,804 in Panama City, rent included.

Osorno $1,505
Panama City $2,804

A family of three spends $1,985 per month in Osorno vs $3,753 in Panama City, rent included.

Osorno $1,985
Panama City $3,753

Osorno is about 45% cheaper than Panama City, and outside of rent the biggest gap is in groceries.

Osorno sits 24% below the global median, while Panama City is 37% above – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$7.50 CLP 7,388

$11.63 PAB 11.63

-35.51%

Three-Course Dinner for Two, Mid-Range

$30.85 CLP 30.4K

$47.92 PAB 47.92

-35.62%

Fast Food Meal (McDonalds, etc)

$6.45 CLP 6,350

$7.96 PAB 7.96

-18.97%

Cappuccino

$1.99 CLP 1,955

$4.22 PAB 4.22

-52.84%

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

$1.34 CLP 1,318

$2.01 PAB 2.01

-33.33%

Water (0.33 liter bottle)

$3.09 CLP 3,037

$1.56 PAB 1.56

98.08%

Local Beer (0.5 liter draught)

$1.76 CLP 1,737

$3.39 PAB 3.39

-48.08%

Imported Beer (0.33 liter bottle)

$2.48 CLP 2,444

$3.94 PAB 3.94

-37.06%

Milk (1 liter)

$1.24 CLP 1,222

$1.85 PAB 1.85

-32.97%

White Bread (500g)

$1.52 CLP 1,496

$2.56 PAB 2.56

-40.63%

Rice (white) (1kg)

$1.52 CLP 1,492

$3.48 PAB 3.48

-56.32%

Eggs

$3.78 CLP 3,717

$2.69 PAB 2.69

40.52%

Local Cheese (1kg)

$9.78 CLP 9,624

$12.57 PAB 12.57

-22.20%

Chicken Fillets (1kg)

$5.53 CLP 5,445

$6.83 PAB 6.83

-19.03%

Beef Round Steak (1kg)

$9.58 CLP 9,426

$10.58 PAB 10.58

-9.45%

Apples (1kg)

$2.01 CLP 1,981

$4.18 PAB 4.18

-51.91%

Banana (1kg)

$1.41 CLP 1,385

$1.83 PAB 1.83

-22.95%

Oranges (1kg)

$1.77 CLP 1,739

$4.20 PAB 4.20

-57.86%

Tomato (1kg)

$2.03 CLP 1,993

$4.03 PAB 4.03

-49.63%

Potato (1kg)

$1.92 CLP 1,888

$3.48 PAB 3.48

-44.83%

Onion (1kg)

$1.70 CLP 1,669

$4.22 PAB 4.22

-59.72%

Lettuce (1 head)

$1.13 CLP 1,110

$2.41 PAB 2.41

-53.11%

Water (1.5 liter bottle)

$0.91 CLP 897

$1.69 PAB 1.69

-46.15%

Cigarettes 20 Pack (Marlboro, Camel)

$5.13 CLP 5,053

$6.14 PAB 6.14

-16.45%

Wine (Bottle)

$4.47 CLP 4,398

$11.30 PAB 11.30

-60.44%

Local Beer (0.5 liter bottle)

$1.55 CLP 1,527

$1.42 PAB 1.42

9.15%

Imported Beer (0.33 liter bottle)

$3.08 CLP 3,031

$2.73 PAB 2.73

12.82%

One-way Ticket (Public Transport)

$0.53 CLP 523

$0.33 PAB 0.33

60.61%

Public Transport Monthly Pass (Regular Price)

$15.08 CLP 14.8K

$21.23 PAB 21.23

-28.97%

Taxi Start (Normal Tariff)

$2.73 CLP 2,690

$2.52 PAB 2.52

8.33%

Taxi (Normal Tariff) (1km)

$0.96 CLP 946

$1.86 PAB 1.86

-48.39%

Taxi 1hour Waiting (Normal Tariff)

$4.97 CLP 4,891

$21.78 PAB 21.78

-77.18%

Gasoline (1 liter)

$1.35 CLP 1,329

$1.25 PAB 1.25

8.00%

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

$14.6K CLP 14.3M

$21.2K PAB 21.2K

-31.44%

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

$14.3K CLP 14.1M

$21.0K PAB 21.0K

-31.82%

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

$102 CLP 100.5K

$130 PAB 130

-21.40%

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

$10.02 CLP 9,867

$28.13 PAB 28.13

-64.38%

Internet (50+ Mbps, Unlimited Data)

$29.19 CLP 28.7K

$48.21 PAB 48.21

-39.45%

Gym Membership (Monthly)

$59.5 CLP 58.6K

$45.78 PAB 45.78

29.99%

Tennis Court (1 Hour on Weekend)

$13.54 CLP 13.3K

$34.92 PAB 34.92

-61.23%

Cinema Ticket

$9.16 CLP 9,019

$8.67 PAB 8.67

5.65%

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

$354 CLP 348.8K

$544 PAB 544

-34.89%

International Primary School, 1 Child (Yearly)

$9,697 PAB 9,697

Jeans (Levis 501 Or Similar)

$40.48 CLP 39.8K

$66.8 PAB 66.8

-39.36%

Summer Dress (H&M, Zara, etc)

$49.14 PAB 49.14

Sport Shoes (Adidas, Nike)

$42.53 CLP 41.9K

$93.9 PAB 93.9

-54.68%

Men's Leather Business Shoes

$44.52 CLP 43.8K

$112 PAB 112

-60.09%

1-bedroom Apartment, City Center (Monthly)

$384 CLP 378.3K

$1,257 PAB 1,257

-69.43%

1-bedroom Apartment, Outside City Center (Monthly)

$371 CLP 365.3K

$875 PAB 875

-57.58%

3-bedroom Apartment, City Center (Monthly)

$512 CLP 503.8K

$2,155 PAB 2,155

-76.25%

3-bedroom Apartment, Outside City Center (Monthly)

$556 CLP 547.3K

$1,564 PAB 1,564

-64.45%

Buy Apartment in City Center (m2)

$1,027 CLP 1.0M

$3,122 PAB 3,122

-67.10%

Buy Apartment Outside City Center (m2)

$1,557 CLP 1.5M

$1,709 PAB 1,709

-8.92%

Average Monthly Net Salary (After Tax)

$615 CLP 605.4K

$916 PAB 916

-32.85%

20-Year Fixed Mortgage Interest Rate (Annual %)

4.72

6.39

-26.13%

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

Last update for Osorno: 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

Osorno

$371 36.2%

Panama City

$875 47.2% 136% $504

Groceries & Markets

Osorno

$218 21.2%

Panama City

$325 17.5% 49.4% $108

Monthly Utilities & Internet

Osorno

$141 13.8%

Panama City

$206 11.1% 45.9% $65

Eating Out

Osorno

$135 13.2%

Panama City

$207 11.1% 53.4% $72

Sport & Entertainment

Osorno

$78 7.6%

Panama City

$63 3.4% 18.9% $15

Clothing & Footwear

Osorno

$57 * 5.6%

Panama City

$145 7.8% 152% $87

Getting Around

Osorno

$25 2.4%

Panama City

$34 1.9% 39% $9.7

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

Cost Breakdown

A central one-bedroom costs $384 in Osorno versus $1,257 in Panama City. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

Salaries run about 49% higher in Panama City, which partly offsets the higher cost of living there. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $31.00 in Osorno versus $48.00 in Panama City. Monthly groceries follow the same trend: $218 vs $325 – making Osorno the more affordable choice for daily food spending.

Good to know

🇨🇱 Osorno

🇵🇦 Panama City

🕒 Local time

23:09 11:09 PM

21:09 9:09 PM

2 h behind Osorno

🌤 Weather

👥 Population

147,666

1,086,990 Capital

💱 Currency

Chilean Peso CLP $

Panamanian Balboa PAB B/.

📈 Exchange rate

10,000 CLP = 10.16 USD

10,000 CLP = 9.04 EUR

1 PAB = 1 USD

1 PAB = 0.89 EUR

Exchange rates and currency converter

PAB, USD, EUR to CLP – Chilean Peso Converter

🇺🇸 United States Dollar ($)

🇨🇱 Chilean Peso ($)

Chilean Peso exchange rates as of October 19, 2026: 1 USD = 984 CLP (1,000 CLP = 1.02 USD). 1 EUR = 1,107 CLP (10,000 CLP = 9.04 EUR).

Panamanian Balboa exchange rates as of October 19, 2026: 1 USD = 1 PAB (1 PAB = 1 USD). 1 EUR = 1.12 PAB (1 PAB = 0.89 EUR).

USD to CLP in detail →

On the map

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Between locations

Osorno Panama City 5,550 km ≈ 7 h nonstop flight

From you

Osorno
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

Osorno vs Panama City: Cost of Living - Frequently Asked Questions

Yes – Panama City is pricier by about 81%, and outside of rent the gap shows up most in groceries.

For a comfortable life, plan on about $1,537 per month in Osorno and $2,783 in Panama City. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Osorno, especially for central apartments. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

Kindergarten costs $354 per month in Osorno and $544 in Panama City. For families with young kids, this one expense can tip the scales when choosing between the two cities.

Groceries cost about 49% more in Panama City, though it depends on what you buy. Local produce may be comparable; imported and premium items show the biggest price gap.

A $1,500 monthly budget goes further in Osorno, where all-in costs run around $1,025, than in Panama City at $1,855. In Osorno it covers expenses comfortably, while in Panama City it requires careful planning or may not stretch far enough.

Families tend to lean toward Osorno – lower housing and cheaper childcare make a real difference, especially on a single income or when paying for private education.

If budget matters most, go with Osorno. If higher salaries, better infrastructure, or specific career opportunities are the priority, Panama City makes more sense. Both are solid long-term options with distinct trade-offs.