Last update: Nov 2026

Cost of Living Comparison Between Panama City and Fort Collins, CO

For one person, living is cheaper in Panama City: $1,972 a month against $2,815 in Fort Collins, CO, rent and utilities included – about $10,100 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
135

Cost of Living Index in Fort Collins, CO
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Fort Collins, CO Living Index

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Panama City

🇵🇦 Panama

$1,972

/mo nomad

Fort Collins, CO

🇺🇸 United States

$2,815

/mo nomad

Monthly Cost of Living

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

Monthly costs for one person with rent: $1,972 in Panama City versus $2,815 in Fort Collins, CO.

Panama City $1,972
Fort Collins, CO $2,815

Estimated couple costs with rent: $2,930 in Panama City versus $3,967 in Fort Collins, CO.

Panama City $2,930
Fort Collins, CO $3,967

Monthly costs for a family of three with rent: $3,888 in Panama City versus $5,119 in Fort Collins, CO.

Panama City $3,888
Fort Collins, CO $5,119

Living in Panama City costs roughly 30% less than in Fort Collins, CO, and outside of rent the biggest gap is in eating out.

Both cities are pricier than the global median: Panama City 46% above, Fort Collins, CO 108% above.

Meal at Budget Restaurant

$11.37 PAB 11.37

$22.17 $22.17

-48.71%

Three-Course Dinner for Two, Mid-Range

$46.69 PAB 46.69

$80.8 $80.8

-42.20%

Fast Food Meal (McDonalds, etc)

$7.98 PAB 7.98

$11.16 $11.16

-28.49%

Cappuccino

$4.12 PAB 4.12

$6.28 $6.28

-34.39%

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

$2.01 PAB 2.01

$2.43 $2.43

-17.28%

Water (0.33 liter bottle)

$1.57 PAB 1.57

$2.08 $2.08

-24.52%

Local Beer (0.5 liter draught)

$3.28 PAB 3.28

$7.05 $7.05

-53.48%

Imported Beer (0.33 liter bottle)

$3.88 PAB 3.88

$6.91 $6.91

-43.85%

Milk (1 liter)

$1.82 PAB 1.82

$1.04 $1.04

75.00%

White Bread (500g)

$2.61 PAB 2.61

$2.88 $2.88

-9.38%

Rice (white) (1kg)

$3.45 PAB 3.45

$2.79 $2.79

23.66%

Eggs

$2.68 PAB 2.68

$4.28 $4.28

-37.38%

Local Cheese (1kg)

$12.42 PAB 12.42

$10.91 $10.91

13.84%

Chicken Fillets (1kg)

$6.73 PAB 6.73

$9.09 $9.09

-25.96%

Beef Round Steak (1kg)

$10.44 PAB 10.44

$19.04 $19.04

-45.17%

Apples (1kg)

$4.21 PAB 4.21

$4.96 $4.96

-15.12%

Banana (1kg)

$1.95 PAB 1.95

$1.58 $1.58

23.42%

Oranges (1kg)

$4.07 PAB 4.07

$4.64 $4.64

-12.28%

Tomato (1kg)

$4.02 PAB 4.02

$5.29 $5.29

-24.01%

Potato (1kg)

$3.46 PAB 3.46

$3.44 $3.44

0.58%

Onion (1kg)

$4.42 PAB 4.42

$4.72 $4.72

-6.36%

Lettuce (1 head)

$2.43 PAB 2.43

$2.26 $2.26

7.52%

Water (1.5 liter bottle)

$1.72 PAB 1.72

$1.71 $1.71

0.58%

Cigarettes 20 Pack (Marlboro, Camel)

$6.04 PAB 6.04

$10.38 $10.38

-41.81%

Wine (Bottle)

$11.68 PAB 11.68

$16.63 $16.63

-29.77%

Local Beer (0.5 liter bottle)

$1.41 PAB 1.41

$2.48 $2.48

-43.15%

Imported Beer (0.33 liter bottle)

$2.74 PAB 2.74

$2.61 $2.61

4.98%

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

$2.52 $2.52

-2.78%

Taxi (Normal Tariff) (1km)

$1.76 PAB 1.76

$1.85 $1.85

-4.86%

Taxi 1hour Waiting (Normal Tariff)

$21.86 PAB 21.86

$24.65 $24.65

-11.32%

Gasoline (1 liter)

$1.20 PAB 1.20

$1.07 $1.07

12.15%

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

$24.6K PAB 24.6K

$28.2K $28.2K

-13.01%

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

$20.9K PAB 20.9K

$25.7K $25.7K

-18.67%

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

$132 PAB 132

$211 $211

-37.47%

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

$27.89 PAB 27.89

$56.0 $56.0

-50.19%

Internet (50+ Mbps, Unlimited Data)

$49.10 PAB 49.10

$70.4 $70.4

-30.22%

Gym Membership (Monthly)

$44.53 PAB 44.53

$50.3 $50.3

-11.54%

Tennis Court (1 Hour on Weekend)

$34.01 PAB 34.01

$30.35 $30.35

12.06%

Cinema Ticket

$8.70 PAB 8.70

$12.12 $12.12

-28.22%

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

$537 PAB 537

$1,294 $1,294

-58.53%

International Primary School, 1 Child (Yearly)

$20.5K PAB 20.5K

$11.5K $11.5K

77.71%

Jeans (Levis 501 Or Similar)

$65.8 PAB 65.8

$59.3 $59.3

11.04%

Summer Dress (H&M, Zara, etc)

$48.45 PAB 48.45

$68.1 $68.1

-28.81%

Sport Shoes (Adidas, Nike)

$95.4 PAB 95.4

$81.6 $81.6

16.97%

Men's Leather Business Shoes

$114 PAB 114

$116 $116

-2.31%

1-bedroom Apartment, City Center (Monthly)

$1,405 PAB 1,405

$1,876 $1,876

-25.11%

1-bedroom Apartment, Outside City Center (Monthly)

$994 PAB 994

$1,510 $1,510

-34.16%

3-bedroom Apartment, City Center (Monthly)

$2,221 PAB 2,221

$2,852 $2,852

-22.12%

3-bedroom Apartment, Outside City Center (Monthly)

$1,714 PAB 1,714

$2,194 $2,194

-21.90%

Buy Apartment in City Center (m2)

$3,139 PAB 3,139

$4,047 $4,047

-22.45%

Buy Apartment Outside City Center (m2)

$1,724 PAB 1,724

$2,856 $2,856

-39.65%

Average Monthly Net Salary (After Tax)

$936 PAB 936

$4,357 $4,357

-78.52%

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 Fort Collins, CO: November 1, 2026

Monthly budget structure

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

Accommodation & Living

Panama City

$994 50.4%

Fort Collins, CO

$1.5K 53.6% 51.9% $516

Groceries & Markets

Panama City

$326 16.5%

Fort Collins, CO

$382 13.6% 17.4% $57

Monthly Utilities & Internet

Panama City

$209 10.6%

Fort Collins, CO

$337 12% 61.5% $128

Eating Out

Panama City

$203 10.3%

Fort Collins, CO

$353 12.6% 74.1% $150

Clothing & Footwear

Panama City

$145 7.4%

Fort Collins, CO

$146 5.2% 0.6% $0.9

Sport & Entertainment

Panama City

$62 3.1%

Fort Collins, CO

$75 2.7% 20.4% $13

Getting Around

Panama City

$33 1.7%

Fort Collins, CO

$12 * 0.4% 64.6% $21

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

Cost Breakdown

A one-bedroom apartment in the center runs $1,405 in Panama City and $1,876 in Fort Collins, CO. Housing cost is often the main lever when comparing two cities.

Fort Collins, CO pays about 4.7 times more on average. How far that income stretches comes down to housing choices and lifestyle.

Dining out: $47 in Panama City vs $81 in Fort Collins, CO for a mid-range dinner for two. Groceries echo the gap at $326 vs $382 per month, with Panama City cheaper across the board.

Good to know

🇵🇦 Panama City

🇺🇸 Fort Collins, CO

🕒 Local time

17:24 5:24 PM

15:24 3:24 PM

2 h behind Panama City

🌤 Weather

👥 Population

1,086,990 Capital

148,612

💱 Currency

Panamanian Balboa PAB B/.

United States Dollar USD $

📈 Exchange rate

1 PAB = 1 USD

1 PAB = 0.895 EUR

1 USD = 0.895 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 = 0.895 EUR).

United States Dollar exchange rates as of November 6, 2026: 1 EUR = 1.12 USD (1 USD = 0.895 EUR).

USD to PAB in detail →

On the map

Lowest

Highest

Between locations

Panama City Fort Collins, CO 4,330 km ≈ 6 h nonstop flight

From you

Panama City
Fort Collins, 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 Fort Collins, CO: Cost of Living - Frequently Asked Questions

Panama City wins on cost – living expenses run 30% lower than in Fort Collins, CO. Housing and daily spending are where you’ll feel the difference most, making Panama City the obvious pick if budget is a priority.

On paper, salaries run 79% 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.

Rent for a central apartment: $1,405 in Panama City versus $1,876 in Fort Collins, CO. Housing is usually the single largest factor when comparing overall living costs between the two.

Supermarket bills run roughly 17% higher in Fort Collins, CO. For households that cook at home regularly, that difference adds up over a month.

All in, you’ll spend $1,972 per month in Panama City versus $2,815 in Fort Collins, CO – Panama City is about 30% cheaper, which adds up to real savings over time.

At $1,972 in Panama City versus $2,815 in Fort Collins, CO, a $2,500 budget is realistic in Panama City but tight or insufficient in Fort Collins, CO. The gap between the two cities makes Panama City the clear choice for anyone on this budget.

Both work as nomad bases, but Panama City delivers better value at $1,972 monthly. If stretching your runway or maximizing savings is the goal, the price difference makes Panama City hard to pass up.

It comes down to priorities – Panama City wins on affordability, Fort Collins, CO on earning potential. Factor in climate, language, visa rules, and proximity to places that matter to you before deciding.