Cost of Living Comparison Between Panama City and Coronado Cost of Living Comparison Between Panama City and Coronado

Monthly Cost of Living

Monthly costs for one person with rent: $1,814 in Panama City versus $1,336 in Coronado.

Estimated couple costs with rent: $2,728 in Panama City versus $2,139 in Coronado.

Monthly costs for a family of three with rent: $3,643 in Panama City versus $2,941 in Coronado.

Living in Panama City is roughly 36% more expensive than in Coronado, driven mainly by Sport & Entertainment.

Both cities are pricier than the global median: Panama City 36% above, Coronado 0% above.

Meal at Budget Restaurant

$10.13 PAB 10.13

$11.98 PAB 11.98

-15.44%

Three-Course Dinner for Two, Mid-Range

$49.65 PAB 49.65

$35.63 PAB 35.63

39.35%

Fast Food Meal (McDonalds, etc)

$8.06 PAB 8.06

$8.98 PAB 8.98

-10.24%

Cappuccino

$3.60 PAB 3.60

$2.88 PAB 2.88

25.00%

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

$1.72 PAB 1.72

$1.04 PAB 1.04

65.38%

Water (0.33 liter bottle)

$1.36 PAB 1.36

$0.83 PAB 0.83

63.86%

Local Beer (0.5 liter draught)

$2.95 PAB 2.95

$1.51 PAB 1.51

95.36%

Imported Beer (0.33 liter bottle)

$4.03 PAB 4.03

$2.97 PAB 2.97

35.69%

Milk (1 liter)

$1.81 PAB 1.81

$1.85 PAB 1.85

-2.16%

White Bread (500g)

$2.46 PAB 2.46

$1.52 PAB 1.52

61.84%

Rice (white) (1kg)

$2.41 PAB 2.41

$2.91 PAB 2.91

-17.18%

Eggs

$2.93 PAB 2.93

$2.21 PAB 2.21

32.58%

Local Cheese (1kg)

$11.38 PAB 11.38

$14.82 PAB 14.82

-23.21%

Chicken Fillets (1kg)

$7.06 PAB 7.06

$6.55 PAB 6.55

7.79%

Beef Round Steak (1kg)

$9.85 PAB 9.85

$9.43 PAB 9.43

4.45%

Apples (1kg)

$3.37 PAB 3.37

$2.63 PAB 2.63

28.14%

Banana (1kg)

$1.51 PAB 1.51

$1.02 PAB 1.02

48.04%

Oranges (1kg)

$2.86 PAB 2.86

$2.94 PAB 2.94

-2.72%

Tomato (1kg)

$3.12 PAB 3.12

$2.98 PAB 2.98

4.70%

Potato (1kg)

$2.23 PAB 2.23

$2.10 PAB 2.10

6.19%

Onion (1kg)

$2.76 PAB 2.76

$1.94 PAB 1.94

42.27%

Lettuce (1 head)

$2.18 PAB 2.18

$2.10 PAB 2.10

3.81%

Water (1.5 liter bottle)

$1.53 PAB 1.53

Cigarettes 20 Pack (Marlboro, Camel)

$6.09 PAB 6.09

$5.86 PAB 5.86

3.92%

Wine (Bottle)

$10.78 PAB 10.78

$9.93 PAB 9.93

8.56%

Local Beer (0.5 liter bottle)

$1.28 PAB 1.28

$0.78 PAB 0.78

64.10%

Imported Beer (0.33 liter bottle)

$2.36 PAB 2.36

$0.85 PAB 0.85

177.65%

One-way Ticket (Public Transport)

$0.44 PAB 0.44

$0.97 PAB 0.97

-54.64%

Public Transport Monthly Pass (Regular Price)

$22.10 PAB 22.10

Taxi Start (Normal Tariff)

$2.44 PAB 2.44

$1.49 PAB 1.49

63.76%

Taxi (Normal Tariff) (1km)

$1.77 PAB 1.77

$1.51 PAB 1.51

17.22%

Taxi 1hour Waiting (Normal Tariff)

$21.61 PAB 21.61

$10.20 PAB 10.20

111.86%

Gasoline (1 liter)

$0.95 PAB 0.95

$0.91 PAB 0.91

4.40%

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

$19.6K PAB 19.6K

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

$20.6K PAB 20.6K

$33.9K PAB 33.9K

-39.28%

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

$122 PAB 122

$111 PAB 111

9.79%

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

$29.88 PAB 29.88

$21.36 PAB 21.36

39.89%

Internet (50+ Mbps, Unlimited Data)

$49.49 PAB 49.49

$59.4 PAB 59.4

-16.64%

Gym Membership (Monthly)

$45.36 PAB 45.36

Tennis Court (1 Hour on Weekend)

$32.73 PAB 32.73

Cinema Ticket

$7.85 PAB 7.85

$3.36 PAB 3.36

133.63%

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

$484 PAB 484

International Primary School, 1 Child (Yearly)

$15.8K PAB 15.8K

$6,385 PAB 6,385

147.57%

Jeans (Levis 501 Or Similar)

$51.6 PAB 51.6

$44.80 PAB 44.80

15.20%

Summer Dress (H&M, Zara, etc)

$46.50 PAB 46.50

$30.26 PAB 30.26

53.67%

Sport Shoes (Adidas, Nike)

$88.6 PAB 88.6

$100 PAB 100

-11.47%

Men's Leather Business Shoes

$121 PAB 121

$130 PAB 130

-7.04%

1-bedroom Apartment, City Center (Monthly)

$1,158 PAB 1,158

$773 PAB 773

49.77%

1-bedroom Apartment, Outside City Center (Monthly)

$894 PAB 894

$566 PAB 566

58.07%

3-bedroom Apartment, City Center (Monthly)

$2,037 PAB 2,037

$1,253 PAB 1,253

62.47%

3-bedroom Apartment, Outside City Center (Monthly)

$1,578 PAB 1,578

$1,258 PAB 1,258

25.42%

Buy Apartment in City Center (m2)

$3,124 PAB 3,124

Buy Apartment Outside City Center (m2)

$1,693 PAB 1,693

$1,992 PAB 1,992

-15.03%

Average Monthly Net Salary (After Tax)

$926 PAB 926

$604 PAB 604

53.38%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.23

3.83%

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

Last update for Panama City: July 12, 2026

Last update for Coronado: July 13, 2026

Cost Breakdown

A one-bedroom apartment in the center runs $1,158 in Panama City and $773 in Coronado. Housing cost is often the main lever when comparing two cities.

Panama City pays 53% more on average. The extra income cushions the higher costs, though housing choices and lifestyle decide how much of the gap is truly closed.

Dining out: $50.0 in Panama City vs $36.00 in Coronado for a mid-range dinner for two. Groceries echo the gap at $288 vs $250 per month, with Coronado cheaper across the board.

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 Coronado: Cost of Living - Frequently Asked Questions

Coronado wins on cost – living expenses run 36% lower than in Panama City. Housing and daily spending are where you'll feel the difference most, making Coronado the obvious pick if budget is a priority.

Average pay runs 53% higher in Panama City, which matters when comparing affordability. Whether that higher income actually nets you more depends on your spending habits and housing choices.

Rent for a central apartment: $1,158 in Panama City versus $773 in Coronado. Housing is usually the single largest factor when comparing overall living costs between the two.

All in, you'll spend $1,814 per month in Panama City versus $1,336 in Coronado – a 36% gap that adds up to real savings over time for anyone picking the cheaper option.

Supermarket bills run roughly 15% higher in Panama City. For households that cook at home regularly, that difference adds up over a month.

At $1,336 in Coronado versus $1,814 in Panama City, a $1,000 budget is realistic in Coronado but tight or insufficient in Panama City. The gap between the two cities makes Coronado the clear choice for anyone on this budget.

Both work as nomad bases, but Coronado delivers better value – similar infrastructure at $1,336 monthly. If stretching your runway or maximizing savings is the goal, the price difference makes Coronado hard to pass up.

Safety-wise, Panama City and Coronado are on par. Petty crime is typical for cities this size, and most residents feel comfortable going about their daily routines in either place.

Expats usually find Coronado gentler on the wallet – expenses run 36% less than in Panama City. Beyond cost, consider language, visa policies, and how big the international community is in each city.