Last update: Nov 2026

Cost of Living Comparison Between Panama City and Canon City, CO

For one person, living is cheaper in Panama City: $1,972 a month against $2,747 in Canon City, CO, rent and utilities included – about $9,300 less a year. Rent and utilities account for most of the difference.

95

Cost of Living Index in Panama City
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Panama City Living Index
125

Cost of Living Index in Canon City, CO
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Canon City, CO Living Index

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Panama City

🇵🇦 Panama

$1,972

/mo nomad

Canon City, CO

🇺🇸 United States

$2,747

/mo nomad

Monthly Cost of Living

How much you'll spend in Panama City and in Canon City, CO

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Panama City and in Canon City, CO actually costs, broken down by who's living it.

A single person spends $1,972 per month in Panama City vs $2,747 in Canon City, CO, rent included.

Panama City $1,972
Canon City, CO $2,747

A couple spends around $2,930 per month in Panama City vs $4,002 in Canon City, CO, rent included.

Panama City $2,930
Canon City, CO $4,002

A family of three spends $3,888 per month in Panama City vs $5,256 in Canon City, CO, rent included.

Panama City $3,888
Canon City, CO $5,256

Panama City is about 28% cheaper than Canon City, CO, and outside of rent the biggest gap is in eating out.

Both Panama City and Canon City, CO sit above the global median – Panama City by 46%, Canon City, CO by 103%.

Meal at Budget Restaurant

$11.37 PAB 11.37

$19.86 $19.86

-42.75%

Three-Course Dinner for Two, Mid-Range

$46.69 PAB 46.69

$72.8 $72.8

-35.88%

Fast Food Meal (McDonalds, etc)

$7.98 PAB 7.98

$11.59 $11.59

-31.15%

Cappuccino

$4.12 PAB 4.12

$4.89 $4.89

-15.75%

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

$2.01 PAB 2.01

$2.71 $2.71

-25.83%

Water (0.33 liter bottle)

$1.57 PAB 1.57

$2.25 $2.25

-30.22%

Local Beer (0.5 liter draught)

$3.28 PAB 3.28

$5.37 $5.37

-38.92%

Imported Beer (0.33 liter bottle)

$3.88 PAB 3.88

$7.30 $7.30

-46.85%

Milk (1 liter)

$1.82 PAB 1.82

$1.09 $1.09

66.97%

White Bread (500g)

$2.61 PAB 2.61

$3.24 $3.24

-19.44%

Rice (white) (1kg)

$3.45 PAB 3.45

$4.22 $4.22

-18.25%

Eggs

$2.68 PAB 2.68

$5.64 $5.64

-52.48%

Local Cheese (1kg)

$12.42 PAB 12.42

$12.99 $12.99

-4.39%

Chicken Fillets (1kg)

$6.73 PAB 6.73

$11.05 $11.05

-39.10%

Beef Round Steak (1kg)

$10.44 PAB 10.44

$17.03 $17.03

-38.70%

Apples (1kg)

$4.21 PAB 4.21

$5.21 $5.21

-19.19%

Banana (1kg)

$1.95 PAB 1.95

$1.60 $1.60

21.87%

Oranges (1kg)

$4.07 PAB 4.07

$4.30 $4.30

-5.35%

Tomato (1kg)

$4.02 PAB 4.02

$4.38 $4.38

-8.22%

Potato (1kg)

$3.46 PAB 3.46

$3.14 $3.14

10.19%

Onion (1kg)

$4.42 PAB 4.42

$3.00 $3.00

47.33%

Lettuce (1 head)

$2.43 PAB 2.43

$2.18 $2.18

11.47%

Water (1.5 liter bottle)

$1.72 PAB 1.72

$2.21 $2.21

-22.17%

Cigarettes 20 Pack (Marlboro, Camel)

$6.04 PAB 6.04

$10.94 $10.94

-44.79%

Wine (Bottle)

$11.68 PAB 11.68

$17.18 $17.18

-32.01%

Local Beer (0.5 liter bottle)

$1.41 PAB 1.41

$1.93 $1.93

-26.94%

Imported Beer (0.33 liter bottle)

$2.74 PAB 2.74

$3.53 $3.53

-22.38%

One-way Ticket (Public Transport)

$0.33 PAB 0.33

$2.07 $2.07

-84.06%

Public Transport Monthly Pass (Regular Price)

$20.65 PAB 20.65

$58.5 $58.5

-64.71%

Taxi Start (Normal Tariff)

$2.45 PAB 2.45

$3.95 $3.95

-37.97%

Taxi (Normal Tariff) (1km)

$1.76 PAB 1.76

$1.87 $1.87

-5.88%

Taxi 1hour Waiting (Normal Tariff)

$21.86 PAB 21.86

$26.81 $26.81

-18.46%

Gasoline (1 liter)

$1.20 PAB 1.20

$1.03 $1.03

16.50%

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

$24.6K PAB 24.6K

$25.8K $25.8K

-4.96%

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

$20.9K PAB 20.9K

$23.5K $23.5K

-11.15%

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

$132 PAB 132

$198 $198

-33.54%

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

$27.89 PAB 27.89

$59.2 $59.2

-52.89%

Internet (50+ Mbps, Unlimited Data)

$49.10 PAB 49.10

$69.5 $69.5

-29.38%

Gym Membership (Monthly)

$44.53 PAB 44.53

$41.33 $41.33

7.74%

Tennis Court (1 Hour on Weekend)

$34.01 PAB 34.01

Cinema Ticket

$8.70 PAB 8.70

$15.45 $15.45

-43.69%

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

$537 PAB 537

$1,354 $1,354

-60.36%

International Primary School, 1 Child (Yearly)

$20.5K PAB 20.5K

$22.8K $22.8K

-10.09%

Jeans (Levis 501 Or Similar)

$65.8 PAB 65.8

$49.22 $49.22

33.69%

Summer Dress (H&M, Zara, etc)

$48.45 PAB 48.45

$38.19 $38.19

26.87%

Sport Shoes (Adidas, Nike)

$95.4 PAB 95.4

$81.1 $81.1

17.60%

Men's Leather Business Shoes

$114 PAB 114

$125 $125

-9.24%

1-bedroom Apartment, City Center (Monthly)

$1,405 PAB 1,405

$1,532 $1,532

-8.28%

1-bedroom Apartment, Outside City Center (Monthly)

$994 PAB 994

$1,418 $1,418

-29.89%

3-bedroom Apartment, City Center (Monthly)

$2,221 PAB 2,221

$2,740 $2,740

-18.95%

3-bedroom Apartment, Outside City Center (Monthly)

$1,714 PAB 1,714

$2,340 $2,340

-26.78%

Buy Apartment in City Center (m2)

$3,139 PAB 3,139

$2,850 $2,850

10.14%

Buy Apartment Outside City Center (m2)

$1,724 PAB 1,724

$2,329 $2,329

-25.99%

Average Monthly Net Salary (After Tax)

$936 PAB 936

20-Year Fixed Mortgage Interest Rate (Annual %)

6.39

6.59

-3.03%

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

Last update for Panama City: November 3, 2026

Last update for Canon City, CO: October 31, 2026

Monthly budget structure

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

Accommodation & Living

Panama City

$994 50.4%

Canon City, CO

$1.4K 51.6% 42.6% $424

Groceries & Markets

Panama City

$326 16.5%

Canon City, CO

$404 14.7% 24.2% $79

Monthly Utilities & Internet

Panama City

$209 10.6%

Canon City, CO

$327 11.9% 56.6% $118

Eating Out

Panama City

$203 10.3%

Canon City, CO

$314 11.4% 54.5% $111

Clothing & Footwear

Panama City

$145 7.4%

Canon City, CO

$132 4.8% 9.1% $13

Sport & Entertainment

Panama City

$62 3.1%

Canon City, CO

$72 2.6% 16.6% $10

Getting Around

Panama City

$33 1.7%

Canon City, CO

$80 2.9% 141% $47

Cost Breakdown

A central one-bedroom costs $1,405 in Panama City versus $1,532 in Canon City, CO. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

A mid-range dinner for two costs $47 in Panama City versus $73 in Canon City, CO. Monthly groceries follow the same trend: $326 vs $404 – making Panama City the more affordable choice for daily food spending.

Good to know

🇵🇦 Panama City

🇺🇸 Canon City, CO

🕒 Local time

06:54 6:54 AM

04:54 4:54 AM

2 h behind Panama City

🌤 Weather

👥 Population

1,086,990 Capital

17,141

💱 Currency

Panamanian Balboa PAB B/.

United States Dollar USD $

📈 Exchange rate

1 PAB = 1 USD

1 PAB = 0.89 EUR

1 USD = 0.89 EUR

Exchange rates and currency converter

USD, EUR to PAB – Panamanian Balboa Converter

🇺🇸 United States Dollar ($)

🇵🇦 Panamanian Balboa (B/.)

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).

United States Dollar exchange rates as of November 6, 2026: 1 EUR = 1.12 USD (1 USD = 0.89 EUR).

USD to PAB in detail →

On the map

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Between locations

Panama City Canon City, CO 4,160 km ≈ 6 h nonstop flight

From you

Panama City
Canon City, CO

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

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

Canon City, CO costs about 39% more than Panama City, and outside of rent the gap comes mainly from eating out. That’s enough to noticeably affect everyday spending and lifestyle for anyone choosing between the two.

For a comfortable life, plan on about $2,958 per month in Panama City and $4,121 in Canon City, CO. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

A central 1-bedroom goes for about $1,405 in Panama City and $1,532 in Canon City, CO. The gap holds across neighborhoods – outer areas show a similar spread, just at lower price points.

A mid-range dinner for two costs $47 in Panama City and $73 in Canon City, CO. That’s a good indicator of the overall restaurant and café pricing gap between the two cities.

Monthly expenses with rent come to $1,972 in Panama City and $2,747 in Canon City, CO. That makes Panama City about 28% cheaper.

A $2,500 monthly budget goes further in Panama City, where all-in costs run around $1,972, than in Canon City, CO at $2,747. In Panama City it covers expenses comfortably, while in Canon City, CO it requires careful planning or may not stretch far enough.

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

For expats, Panama City is the easier option financially – housing and daily costs are lower, and overall it costs about 28% less, which matters a lot on a fixed budget or early-career salary.