Last update: Nov 2026

Cost of Living Comparison Between Panama City and Castle Rock, CO

For one person, living is cheaper in Castle Rock, CO: $1,249 a month against $1,972 in Panama City, rent and utilities included – about $8,700 less a year. Higher rent and utilities in Panama City outweigh lower spending on other living expenses.

95

Cost of Living Index in Panama City
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Panama City Living Index
60

Cost of Living Index in Castle Rock, CO
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Castle Rock, CO Living Index

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Panama City

🇵🇦 Panama

$1,972

/mo nomad

Castle Rock, CO

🇺🇸 United States

$1,249

/mo nomad

Monthly Cost of Living

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

Monthly costs for one person with rent: $1,972 in Panama City versus $1,249 in Castle Rock, CO.

Panama City $1,972
Castle Rock, CO $1,249

Estimated couple costs with rent: $2,930 in Panama City versus $1,975 in Castle Rock, CO.

Panama City $2,930
Castle Rock, CO $1,975

Monthly costs for a family of three with rent: $3,888 in Panama City versus $2,702 in Castle Rock, CO.

Panama City $3,888
Castle Rock, CO $2,702

Living in Panama City is roughly 58% more expensive than in Castle Rock, CO, and outside of rent the biggest gap is in transport.

The two cities straddle the global median: Panama City is 46% above, Castle Rock, CO is 8% below.

Meal at Budget Restaurant

$11.37 PAB 11.37

$22.20 $22.20

-48.78%

Three-Course Dinner for Two, Mid-Range

$46.69 PAB 46.69

$64.5 $64.5

-27.65%

Fast Food Meal (McDonalds, etc)

$7.98 PAB 7.98

$9.21 $9.21

-13.36%

Cappuccino

$4.12 PAB 4.12

$5.64 $5.64

-26.95%

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

$2.01 PAB 2.01

$2.56 $2.56

-21.48%

Water (0.33 liter bottle)

$1.57 PAB 1.57

$1.97 $1.97

-20.30%

Local Beer (0.5 liter draught)

$3.28 PAB 3.28

$6.78 $6.78

-51.62%

Imported Beer (0.33 liter bottle)

$3.88 PAB 3.88

$5.98 $5.98

-35.12%

Milk (1 liter)

$1.82 PAB 1.82

$1.00 $1.00

82.00%

White Bread (500g)

$2.61 PAB 2.61

$2.98 $2.98

-12.42%

Rice (white) (1kg)

$3.45 PAB 3.45

$2.81 $2.81

22.78%

Eggs

$2.68 PAB 2.68

$4.38 $4.38

-38.81%

Local Cheese (1kg)

$12.42 PAB 12.42

$11.07 $11.07

12.20%

Chicken Fillets (1kg)

$6.73 PAB 6.73

$9.32 $9.32

-27.79%

Beef Round Steak (1kg)

$10.44 PAB 10.44

$19.29 $19.29

-45.88%

Apples (1kg)

$4.21 PAB 4.21

$4.95 $4.95

-14.95%

Banana (1kg)

$1.95 PAB 1.95

$1.39 $1.39

40.29%

Oranges (1kg)

$4.07 PAB 4.07

$3.62 $3.62

12.43%

Tomato (1kg)

$4.02 PAB 4.02

$5.37 $5.37

-25.14%

Potato (1kg)

$3.46 PAB 3.46

$2.88 $2.88

20.14%

Onion (1kg)

$4.42 PAB 4.42

$3.23 $3.23

36.84%

Lettuce (1 head)

$2.43 PAB 2.43

$1.31 $1.31

85.50%

Water (1.5 liter bottle)

$1.72 PAB 1.72

$1.76 $1.76

-2.27%

Cigarettes 20 Pack (Marlboro, Camel)

$6.04 PAB 6.04

$10.40 $10.40

-41.92%

Wine (Bottle)

$11.68 PAB 11.68

$12.06 $12.06

-3.15%

Local Beer (0.5 liter bottle)

$1.41 PAB 1.41

$2.56 $2.56

-44.92%

Imported Beer (0.33 liter bottle)

$2.74 PAB 2.74

$2.62 $2.62

4.58%

One-way Ticket (Public Transport)

$0.33 PAB 0.33

Public Transport Monthly Pass (Regular Price)

$20.65 PAB 20.65

Taxi Start (Normal Tariff)

$2.45 PAB 2.45

$2.54 $2.54

-3.54%

Taxi (Normal Tariff) (1km)

$1.76 PAB 1.76

$1.83 $1.83

-3.83%

Taxi 1hour Waiting (Normal Tariff)

$21.86 PAB 21.86

$24.86 $24.86

-12.07%

Gasoline (1 liter)

$1.20 PAB 1.20

$0.74 $0.74

62.16%

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

$24.6K PAB 24.6K

$28.4K $28.4K

-13.67%

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

$20.9K PAB 20.9K

$26.0K $26.0K

-19.51%

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

$132 PAB 132

$209 $209

-37.03%

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

$27.89 PAB 27.89

$39.22 $39.22

-28.89%

Internet (50+ Mbps, Unlimited Data)

$49.10 PAB 49.10

$70.7 $70.7

-30.55%

Gym Membership (Monthly)

$44.53 PAB 44.53

$60.1 $60.1

-25.92%

Tennis Court (1 Hour on Weekend)

$34.01 PAB 34.01

Cinema Ticket

$8.70 PAB 8.70

$11.90 $11.90

-26.89%

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

$537 PAB 537

$1,285 $1,285

-58.22%

International Primary School, 1 Child (Yearly)

$20.5K PAB 20.5K

$11.3K $11.3K

82.17%

Jeans (Levis 501 Or Similar)

$65.8 PAB 65.8

$54.2 $54.2

21.40%

Summer Dress (H&M, Zara, etc)

$48.45 PAB 48.45

$49.30 $49.30

-1.72%

Sport Shoes (Adidas, Nike)

$95.4 PAB 95.4

$79.4 $79.4

20.24%

Men's Leather Business Shoes

$114 PAB 114

$114 $114

-0.40%

1-bedroom Apartment, City Center (Monthly)

$1,405 PAB 1,405

1-bedroom Apartment, Outside City Center (Monthly)

$994 PAB 994

3-bedroom Apartment, City Center (Monthly)

$2,221 PAB 2,221

3-bedroom Apartment, Outside City Center (Monthly)

$1,714 PAB 1,714

Buy Apartment in City Center (m2)

$3,139 PAB 3,139

Buy Apartment Outside City Center (m2)

$1,724 PAB 1,724

Average Monthly Net Salary (After Tax)

$936 PAB 936

$5,943 $5,943

-84.25%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.39

6.77

-5.61%

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

Last update for Panama City: November 3, 2026

Last update for Castle Rock, CO: November 3, 2026

Monthly budget structure

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

Accommodation & Living

Panama City

$994 50.4%

Castle Rock, CO

- * 0% 100%

Groceries & Markets

Panama City

$326 16.5%

Castle Rock, CO

$364 29.1% 11.8% $39

Monthly Utilities & Internet

Panama City

$209 10.6%

Castle Rock, CO

$319 25.6% 52.9% $110

Eating Out

Panama City

$203 10.3%

Castle Rock, CO

$337 27% 66.1% $134

Clothing & Footwear

Panama City

$145 7.4%

Castle Rock, CO

$134 10.7% 8.2% $12

Sport & Entertainment

Panama City

$62 3.1%

Castle Rock, CO

$84 6.7% 35.5% $22

Getting Around

Panama City

$33 1.7%

Castle Rock, CO

$12 * 0.9% 64.9% $22

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

Cost Breakdown

Castle Rock, CO pays about 6.3 times more on average while also being the cheaper of the two. The combined effect is a noticeably stronger local purchasing power.

Dining out: $47 in Panama City vs $65 in Castle Rock, CO for a mid-range dinner for two. Groceries echo the gap at $326 vs $364 per month, with Panama City cheaper across the board.

Good to know

🇵🇦 Panama City

🇺🇸 Castle Rock, CO

🕒 Local time

14:17 2:17 PM

12:17 12:17 PM

2 h behind Panama City

🌤 Weather

👥 Population

1,086,990 Capital

73,158

💱 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

Lowest

Highest

Between locations

Panama City Castle Rock, CO 4,210 km ≈ 6 h nonstop flight

From you

Panama City
Castle Rock, 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 Castle Rock, CO: Cost of Living - Frequently Asked Questions

Total monthly costs including rent come to $1,972 in Panama City and $1,249 in Castle Rock, CO, so Castle Rock, CO is about 37% cheaper – a gap that matters a lot on a fixed or modest income.

On paper, salaries run 84% 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.

Shoppers in Panama City pay roughly 11% less for everyday groceries. It’s an unusual reversal that partly offsets higher costs elsewhere.

All in, you’ll spend $1,972 per month in Panama City versus $1,249 in Castle Rock, CO – Castle Rock, CO is about 37% cheaper, which adds up to real savings over time.

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.