Last update: Oct 2026

Cost of Living Comparison Between Panama City and Chile

Name: Chile
Address: CL

For one person, living is cheaper in Chile: $1,044 a month against $1,837 in Panama City, rent and utilities included – about $9,500 less a year. Rent and utilities account for most of the difference.

90

Cost of Living Index in Panama City
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Panama City Living Index
51

Cost of Living Index in Chile
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Chile Living Index

Jump to prices

Panama City

🇵🇦 Panama

$1,837

/mo nomad

🇨🇱 Chile

$1,044

/mo nomad

😐 Solo nomad: Panama City is 44.4% more expensive than Chile without rent, and 76% more expensive with rent.

😐 Family of 3: Panama City is 36.7% more expensive than Chile without rent, and 74.7% more expensive with rent.

Meal at Budget Restaurant

$11.34 PAB 11.34

$8.01 CLP 7,815

41.57%

Three-Course Dinner for Two, Mid-Range

$47.85 PAB 47.85

$45.38 CLP 44.2K

5.44%

Fast Food Meal (McDonalds, etc)

$8.07 PAB 8.07

$7.08 CLP 6,903

13.98%

Cappuccino

$4.02 PAB 4.02

$2.96 CLP 2,888

35.81%

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

$1.94 PAB 1.94

$1.37 CLP 1,334

41.61%

Water (0.33 liter bottle)

$1.62 PAB 1.62

$0.99 CLP 967

63.64%

Local Beer (0.5 liter draught)

$3.26 PAB 3.26

$3.50 CLP 3,414

-6.86%

Imported Beer (0.33 liter bottle)

$3.99 PAB 3.99

$4.21 CLP 4,107

-5.23%

Milk (1 liter)

$1.83 PAB 1.83

$1.15 CLP 1,120

59.13%

White Bread (500g)

$2.57 PAB 2.57

$1.63 CLP 1,586

57.67%

Rice (white) (1kg)

$3.33 PAB 3.33

$1.56 CLP 1,525

113.46%

Eggs

$2.69 PAB 2.69

$3.56 CLP 3,472

-24.44%

Local Cheese (1kg)

$12.33 PAB 12.33

$10.33 CLP 10.1K

19.36%

Chicken Fillets (1kg)

$6.69 PAB 6.69

$5.86 CLP 5,715

14.16%

Beef Round Steak (1kg)

$10.40 PAB 10.40

$11.01 CLP 10.7K

-5.54%

Apples (1kg)

$4.16 PAB 4.16

$1.77 CLP 1,724

135.03%

Banana (1kg)

$1.84 PAB 1.84

$1.69 CLP 1,647

8.88%

Oranges (1kg)

$4.18 PAB 4.18

$1.60 CLP 1,560

161.25%

Tomato (1kg)

$4.08 PAB 4.08

$1.62 CLP 1,576

151.85%

Potato (1kg)

$3.50 PAB 3.50

$1.17 CLP 1,145

199.15%

Onion (1kg)

$4.37 PAB 4.37

$1.43 CLP 1,393

205.59%

Lettuce (1 head)

$2.34 PAB 2.34

$1.22 CLP 1,185

91.80%

Water (1.5 liter bottle)

$1.75 PAB 1.75

$1.15 CLP 1,119

52.17%

Cigarettes 20 Pack (Marlboro, Camel)

$6.06 PAB 6.06

$5.20 CLP 5,066

16.54%

Wine (Bottle)

$11.72 PAB 11.72

$5.27 CLP 5,138

122.39%

Local Beer (0.5 liter bottle)

$1.37 PAB 1.37

$1.29 CLP 1,260

6.20%

Imported Beer (0.33 liter bottle)

$2.84 PAB 2.84

$2.10 CLP 2,046

35.24%

One-way Ticket (Public Transport)

$0.36 PAB 0.36

$0.80 CLP 781

-55.00%

Public Transport Monthly Pass (Regular Price)

$20.96 PAB 20.96

$38.39 CLP 37.4K

-45.40%

Taxi Start (Normal Tariff)

$2.52 PAB 2.52

$0.80 CLP 775

215.00%

Taxi (Normal Tariff) (1km)

$1.79 PAB 1.79

$1.21 CLP 1,183

47.93%

Taxi 1hour Waiting (Normal Tariff)

$22.01 PAB 22.01

$11.55 CLP 11.3K

90.56%

Gasoline (1 liter)

$1.25 PAB 1.25

$1.44 CLP 1,408

-13.19%

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

$21.5K PAB 21.5K

$18.0K CLP 17.5M

19.77%

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

$21.2K PAB 21.2K

$19.6K CLP 19.2M

7.88%

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

$131 PAB 131

$113 CLP 110.6K

15.70%

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

$27.68 PAB 27.68

$11.94 CLP 11.6K

131.83%

Internet (50+ Mbps, Unlimited Data)

$48.59 PAB 48.59

$21.78 CLP 21.2K

123.09%

Gym Membership (Monthly)

$46.11 PAB 46.11

$35.05 CLP 34.2K

31.55%

Tennis Court (1 Hour on Weekend)

$35.01 PAB 35.01

$14.41 CLP 14.1K

142.96%

Cinema Ticket

$8.73 PAB 8.73

$6.21 CLP 6,058

40.58%

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

$551 PAB 551

$345 CLP 336.2K

59.66%

International Primary School, 1 Child (Yearly)

$9,560 PAB 9,560

$6,603 CLP 6.4M

44.79%

Jeans (Levis 501 Or Similar)

$67.6 PAB 67.6

$42.68 CLP 41.6K

58.41%

Summer Dress (H&M, Zara, etc)

$48.03 PAB 48.03

$26.52 CLP 25.9K

81.11%

Sport Shoes (Adidas, Nike)

$94.9 PAB 94.9

$60.0 CLP 58.5K

58.23%

Men's Leather Business Shoes

$113 PAB 113

$73.3 CLP 71.4K

54.12%

1-bedroom Apartment, City Center (Monthly)

$1,238 PAB 1,238

$439 CLP 427.7K

182.16%

1-bedroom Apartment, Outside City Center (Monthly)

$873 PAB 873

$338 CLP 329.2K

158.64%

3-bedroom Apartment, City Center (Monthly)

$2,197 PAB 2,197

$749 CLP 730.7K

193.16%

3-bedroom Apartment, Outside City Center (Monthly)

$1,538 PAB 1,538

$601 CLP 586.5K

155.75%

Buy Apartment in City Center (m2)

$3,116 PAB 3,116

$2,310 CLP 2.3M

34.86%

Buy Apartment Outside City Center (m2)

$1,725 PAB 1,725

$2,019 CLP 2.0M

-14.59%

Average Monthly Net Salary (After Tax)

$934 PAB 934

$673 CLP 655.8K

38.92%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.39

5.15

24.08%

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

Last update for Panama City: October 3, 2026

Last update for Chile: October 4, 2026

Monthly budget structure

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

Accommodation & Living

Panama City

$873 47.2%

Chile

$338 32.2% 61.3% $536

Groceries & Markets

Panama City

$324 17.5%

Chile

$221 21.1% 31.8% $103

Monthly Utilities & Internet

Panama City

$207 11.2%

Chile

$147 14% 29.1% $60

Eating Out

Panama City

$202 10.9%

Chile

$156 14.9% 22.5% $45

Clothing & Footwear

Panama City

$146 7.9%

Chile

$91 8.7% 37.4% $54

Sport & Entertainment

Panama City

$64 3.4%

Chile

$47 4.5% 25.3% $16

Getting Around

Panama City

$34 1.8%

Chile

$48 4.6% 43% $15

Good to know

🇵🇦 Panama City

🇨🇱 Chile

🕒 Local time

06:50 6:50 AM

08:50 8:50 AM

2 h ahead of Panama City

🌤 Weather

👥 Population

1,086,990 Capital

19,458,000

💱 Currency

Panamanian Balboa PAB B/.

Chilean Peso CLP $

📈 Exchange rate

1 PAB = 1 USD

1 PAB = 0.892 EUR

10,000 CLP = 10.26 USD

10,000 CLP = 9.15 EUR

Exchange rates and currency converter

CLP, USD, EUR to PAB – Panamanian Balboa Converter

🇺🇸 United States Dollar ($)

🇵🇦 Panamanian Balboa (B/.)

Panamanian Balboa exchange rates as of October 10, 2026: 1 USD = 1 PAB (1 PAB = 1 USD). 1 EUR = 1.12 PAB (1 PAB = 0.892 EUR).

Chilean Peso exchange rates as of October 10, 2026: 1 USD = 975 CLP (1,000 CLP = 1.03 USD). 1 EUR = 1,093 CLP (10,000 CLP = 9.15 EUR).

USD to PAB in detail →

On the map

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Between locations

Panama City Chile 4,810 km ≈ 7 h nonstop flight

From you

Panama City
Chile

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 other spots: cost of living compared

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