Last update: Oct 2026

Cost of Living Comparison Between Panama City and Concon

For one person, living is cheaper in Concon: $673 a month against $1,855 in Panama City, rent and utilities included – about $14,200 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
33

Cost of Living Index in Concon
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Concon Living Index

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Panama City

🇵🇦 Panama

$1,855

/mo nomad

Concon

🇨🇱 Chile

$673

/mo nomad

Monthly Cost of Living

How much you'll spend in Panama City and in Concon

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 Concon actually costs, broken down by who's living it.

A single person spends $1,855 per month in Panama City vs $673 in Concon, rent included.

Panama City $1,855
Concon $673

A couple spends around $2,804 per month in Panama City vs $1,076 in Concon, rent included.

Panama City $2,804
Concon $1,076

A family of three spends $3,753 per month in Panama City vs $1,479 in Concon, rent included.

Panama City $3,753
Concon $1,479

Panama City costs about 176% more than Concon, and outside of rent the biggest gap is in groceries.

Panama City sits 37% above the global median, while Concon is 50% below – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$11.63 PAB 11.63

$10.19 CLP 10.0K

14.13%

Three-Course Dinner for Two, Mid-Range

$47.92 PAB 47.92

$38.45 CLP 37.9K

24.63%

Fast Food Meal (McDonalds, etc)

$7.96 PAB 7.96

$6.68 CLP 6,579

19.16%

Cappuccino

$4.22 PAB 4.22

$2.90 CLP 2,852

45.52%

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

$2.01 PAB 2.01

$1.05 CLP 1,033

91.43%

Water (0.33 liter bottle)

$1.56 PAB 1.56

$0.95 CLP 934

64.21%

Local Beer (0.5 liter draught)

$3.39 PAB 3.39

$3.61 CLP 3,556

-6.09%

Imported Beer (0.33 liter bottle)

$3.94 PAB 3.94

$4.63 CLP 4,555

-14.90%

Milk (1 liter)

$1.85 PAB 1.85

$1.04 CLP 1,020

77.88%

White Bread (500g)

$2.56 PAB 2.56

$1.50 CLP 1,477

70.67%

Rice (white) (1kg)

$3.48 PAB 3.48

$1.64 CLP 1,617

112.20%

Eggs

$2.69 PAB 2.69

$3.06 CLP 3,012

-12.09%

Local Cheese (1kg)

$12.57 PAB 12.57

$11.14 CLP 11.0K

12.84%

Chicken Fillets (1kg)

$6.83 PAB 6.83

$6.92 CLP 6,816

-1.30%

Beef Round Steak (1kg)

$10.58 PAB 10.58

$10.82 CLP 10.6K

-2.22%

Apples (1kg)

$4.18 PAB 4.18

$1.05 CLP 1,029

298.10%

Banana (1kg)

$1.83 PAB 1.83

$1.00 CLP 982

83.00%

Oranges (1kg)

$4.20 PAB 4.20

$1.03 CLP 1,017

307.77%

Tomato (1kg)

$4.03 PAB 4.03

$1.20 CLP 1,184

235.83%

Potato (1kg)

$3.48 PAB 3.48

$0.30 CLP 291

1060.00%

Onion (1kg)

$4.22 PAB 4.22

$1.00 CLP 981

322.00%

Lettuce (1 head)

$2.41 PAB 2.41

$0.53 CLP 523

354.72%

Water (1.5 liter bottle)

$1.69 PAB 1.69

$1.01 CLP 992

67.33%

Cigarettes 20 Pack (Marlboro, Camel)

$6.14 PAB 6.14

$5.24 CLP 5,153

17.18%

Wine (Bottle)

$11.30 PAB 11.30

$3.03 CLP 2,985

272.94%

Local Beer (0.5 liter bottle)

$1.42 PAB 1.42

$1.50 CLP 1,477

-5.33%

Imported Beer (0.33 liter bottle)

$2.73 PAB 2.73

$2.27 CLP 2,237

20.26%

One-way Ticket (Public Transport)

$0.33 PAB 0.33

Public Transport Monthly Pass (Regular Price)

$21.23 PAB 21.23

Taxi Start (Normal Tariff)

$2.52 PAB 2.52

$0.39 CLP 386

546.15%

Taxi (Normal Tariff) (1km)

$1.86 PAB 1.86

$0.84 CLP 825

121.43%

Taxi 1hour Waiting (Normal Tariff)

$21.78 PAB 21.78

$11.77 CLP 11.6K

85.05%

Gasoline (1 liter)

$1.25 PAB 1.25

$1.50 CLP 1,481

-16.67%

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

$21.2K PAB 21.2K

$18.0K CLP 17.7M

18.09%

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

$21.0K PAB 21.0K

$21.7K CLP 21.4M

-3.26%

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

$130 PAB 130

$148 CLP 145.9K

-12.40%

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

$28.13 PAB 28.13

$12.27 CLP 12.1K

129.26%

Internet (50+ Mbps, Unlimited Data)

$48.21 PAB 48.21

$18.88 CLP 18.6K

155.35%

Gym Membership (Monthly)

$45.78 PAB 45.78

Tennis Court (1 Hour on Weekend)

$34.92 PAB 34.92

$14.55 CLP 14.3K

140.00%

Cinema Ticket

$8.67 PAB 8.67

$7.30 CLP 7,186

18.77%

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

$544 PAB 544

$437 CLP 430.1K

24.56%

International Primary School, 1 Child (Yearly)

$9,697 PAB 9,697

$11.1K CLP 11.0M

-12.88%

Jeans (Levis 501 Or Similar)

$66.8 PAB 66.8

$50.0 CLP 49.2K

33.50%

Summer Dress (H&M, Zara, etc)

$49.14 PAB 49.14

$29.06 CLP 28.6K

69.10%

Sport Shoes (Adidas, Nike)

$93.9 PAB 93.9

$66.0 CLP 65.0K

42.11%

Men's Leather Business Shoes

$112 PAB 112

$79.7 CLP 78.5K

39.91%

1-bedroom Apartment, City Center (Monthly)

$1,257 PAB 1,257

$408 CLP 401.8K

207.94%

1-bedroom Apartment, Outside City Center (Monthly)

$875 PAB 875

3-bedroom Apartment, City Center (Monthly)

$2,155 PAB 2,155

$619 CLP 609.1K

248.30%

3-bedroom Apartment, Outside City Center (Monthly)

$1,564 PAB 1,564

Buy Apartment in City Center (m2)

$3,122 PAB 3,122

Buy Apartment Outside City Center (m2)

$1,709 PAB 1,709

Average Monthly Net Salary (After Tax)

$916 PAB 916

20-Year Fixed Mortgage Interest Rate (Annual %)

6.39

5.39

18.55%

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

Last update for Panama City: October 10, 2026

Last update for Concon: October 12, 2026

Monthly budget structure

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

Accommodation & Living

Panama City

$875 47.2%

Concon

- * 0% 100%

Groceries & Markets

Panama City

$325 17.5%

Concon

$201 29.9% 38.1% $124

Eating Out

Panama City

$207 11.1%

Concon

$172 25.5% 17% $35

Monthly Utilities & Internet

Panama City

$206 11.1%

Concon

$179 26.7% 13% $27

Clothing & Footwear

Panama City

$145 7.8%

Concon

$101 15% 30% $43

Sport & Entertainment

Panama City

$63 3.4%

Concon

$15 * 2.2% 76.9% $49

Getting Around

Panama City

$34 1.9%

Concon

$4.6 * 0.7% 86.7% $30

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

Cost Breakdown

A central one-bedroom costs $1,257 in Panama City versus $408 in Concon. 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 $48.00 in Panama City versus $38.00 in Concon. Monthly groceries follow the same trend: $325 vs $201 – making Concon the more affordable choice for daily food spending.

Good to know

🇵🇦 Panama City

🇨🇱 Concon

🕒 Local time

17:26 5:26 PM

19:26 7:26 PM

2 h ahead of Panama City

🌤 Weather

👥 Population

1,086,990 Capital

39,345

💱 Currency

Panamanian Balboa PAB B/.

Chilean Peso CLP $

📈 Exchange rate

1 PAB = 1 USD

1 PAB = 0.89 EUR

10,000 CLP = 10.16 USD

10,000 CLP = 9.04 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 17, 2026: 1 USD = 1 PAB (1 PAB = 1 USD). 1 EUR = 1.12 PAB (1 PAB = 0.89 EUR).

Chilean Peso exchange rates as of October 17, 2026: 1 USD = 984 CLP (1,000 CLP = 1.02 USD). 1 EUR = 1,107 CLP (10,000 CLP = 9.04 EUR).

USD to PAB in detail →

On the map

Lowest

Highest

Between locations

Panama City Concon 4,740 km ≈ 6 h nonstop flight

From you

Panama City
Concon

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 Concon: Cost of Living - Frequently Asked Questions

Panama City costs about 176% more than Concon, and outside of rent the gap comes mainly from groceries. That's enough to noticeably affect everyday spending and lifestyle for anyone choosing between the two.

For a comfortable life, plan on about $2,783 per month in Panama City and $1,009 in Concon. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

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

Monthly expenses with rent come to $1,855 in Panama City and $673 in Concon. That's a gap of about 176%.

Kindergarten costs $544 per month in Panama City and $437 in Concon. For families with young kids, this one expense can tip the scales when choosing between the two cities.

A $1,000 monthly budget goes further in Concon, where all-in costs run around $673, than in Panama City at $1,855. In Concon it covers expenses comfortably, while in Panama City it requires careful planning or may not stretch far enough.

For digital nomads, it depends on budget. Concon costs $673 versus $1,855 in Panama City. Both have workable remote work infrastructure, but the cost gap matters when income varies month to month.

If budget matters most, go with Concon. 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.