Last update: Oct 2026

Cost of Living Comparison Between Panama City and Osorno

For one person, living is cheaper in Osorno: $1,025 a month against $1,855 in Panama City, rent and utilities included – about $10,000 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
50

Cost of Living Index in Osorno
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Osorno Living Index

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Panama City

🇵🇦 Panama

$1,855

/mo nomad

Osorno

🇨🇱 Chile

$1,025

/mo nomad

Monthly Cost of Living

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

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

A single person spends $1,855 per month in Panama City vs $1,025 in Osorno, rent included.

Panama City $1,855
Osorno $1,025

A couple spends around $2,804 per month in Panama City vs $1,505 in Osorno, rent included.

Panama City $2,804
Osorno $1,505

A family of three spends $3,753 per month in Panama City vs $1,985 in Osorno, rent included.

Panama City $3,753
Osorno $1,985

Panama City costs about 81% more than Osorno, and outside of rent the biggest gap is in groceries.

Panama City sits 37% above the global median, while Osorno is 24% below – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$11.63 PAB 11.63

$7.50 CLP 7,388

55.07%

Three-Course Dinner for Two, Mid-Range

$47.92 PAB 47.92

$30.85 CLP 30.4K

55.33%

Fast Food Meal (McDonalds, etc)

$7.96 PAB 7.96

$6.45 CLP 6,350

23.41%

Cappuccino

$4.22 PAB 4.22

$1.99 CLP 1,955

112.06%

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

$2.01 PAB 2.01

$1.34 CLP 1,318

50.00%

Water (0.33 liter bottle)

$1.56 PAB 1.56

$3.09 CLP 3,037

-49.51%

Local Beer (0.5 liter draught)

$3.39 PAB 3.39

$1.76 CLP 1,737

92.61%

Imported Beer (0.33 liter bottle)

$3.94 PAB 3.94

$2.48 CLP 2,444

58.87%

Milk (1 liter)

$1.85 PAB 1.85

$1.24 CLP 1,222

49.19%

White Bread (500g)

$2.56 PAB 2.56

$1.52 CLP 1,496

68.42%

Rice (white) (1kg)

$3.48 PAB 3.48

$1.52 CLP 1,492

128.95%

Eggs

$2.69 PAB 2.69

$3.78 CLP 3,717

-28.84%

Local Cheese (1kg)

$12.57 PAB 12.57

$9.78 CLP 9,624

28.53%

Chicken Fillets (1kg)

$6.83 PAB 6.83

$5.53 CLP 5,445

23.51%

Beef Round Steak (1kg)

$10.58 PAB 10.58

$9.58 CLP 9,426

10.44%

Apples (1kg)

$4.18 PAB 4.18

$2.01 CLP 1,981

107.96%

Banana (1kg)

$1.83 PAB 1.83

$1.41 CLP 1,385

29.79%

Oranges (1kg)

$4.20 PAB 4.20

$1.77 CLP 1,739

137.29%

Tomato (1kg)

$4.03 PAB 4.03

$2.03 CLP 1,993

98.52%

Potato (1kg)

$3.48 PAB 3.48

$1.92 CLP 1,888

81.25%

Onion (1kg)

$4.22 PAB 4.22

$1.70 CLP 1,669

148.24%

Lettuce (1 head)

$2.41 PAB 2.41

$1.13 CLP 1,110

113.27%

Water (1.5 liter bottle)

$1.69 PAB 1.69

$0.91 CLP 897

85.71%

Cigarettes 20 Pack (Marlboro, Camel)

$6.14 PAB 6.14

$5.13 CLP 5,053

19.69%

Wine (Bottle)

$11.30 PAB 11.30

$4.47 CLP 4,398

152.80%

Local Beer (0.5 liter bottle)

$1.42 PAB 1.42

$1.55 CLP 1,527

-8.39%

Imported Beer (0.33 liter bottle)

$2.73 PAB 2.73

$3.08 CLP 3,031

-11.36%

One-way Ticket (Public Transport)

$0.33 PAB 0.33

$0.53 CLP 523

-37.74%

Public Transport Monthly Pass (Regular Price)

$21.23 PAB 21.23

$15.08 CLP 14.8K

40.78%

Taxi Start (Normal Tariff)

$2.52 PAB 2.52

$2.73 CLP 2,690

-7.69%

Taxi (Normal Tariff) (1km)

$1.86 PAB 1.86

$0.96 CLP 946

93.75%

Taxi 1hour Waiting (Normal Tariff)

$21.78 PAB 21.78

$4.97 CLP 4,891

338.23%

Gasoline (1 liter)

$1.25 PAB 1.25

$1.35 CLP 1,329

-7.41%

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

$21.2K PAB 21.2K

$14.6K CLP 14.3M

45.87%

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

$21.0K PAB 21.0K

$14.3K CLP 14.1M

46.66%

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

$130 PAB 130

$102 CLP 100.5K

27.22%

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

$28.13 PAB 28.13

$10.02 CLP 9,867

180.74%

Internet (50+ Mbps, Unlimited Data)

$48.21 PAB 48.21

$29.19 CLP 28.7K

65.16%

Gym Membership (Monthly)

$45.78 PAB 45.78

$59.5 CLP 58.6K

-23.07%

Tennis Court (1 Hour on Weekend)

$34.92 PAB 34.92

$13.54 CLP 13.3K

157.90%

Cinema Ticket

$8.67 PAB 8.67

$9.16 CLP 9,019

-5.35%

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

$544 PAB 544

$354 CLP 348.8K

53.60%

International Primary School, 1 Child (Yearly)

$9,697 PAB 9,697

Jeans (Levis 501 Or Similar)

$66.8 PAB 66.8

$40.48 CLP 39.8K

64.90%

Summer Dress (H&M, Zara, etc)

$49.14 PAB 49.14

Sport Shoes (Adidas, Nike)

$93.9 PAB 93.9

$42.53 CLP 41.9K

120.67%

Men's Leather Business Shoes

$112 PAB 112

$44.52 CLP 43.8K

150.56%

1-bedroom Apartment, City Center (Monthly)

$1,257 PAB 1,257

$384 CLP 378.3K

227.10%

1-bedroom Apartment, Outside City Center (Monthly)

$875 PAB 875

$371 CLP 365.3K

135.75%

3-bedroom Apartment, City Center (Monthly)

$2,155 PAB 2,155

$512 CLP 503.8K

321.12%

3-bedroom Apartment, Outside City Center (Monthly)

$1,564 PAB 1,564

$556 CLP 547.3K

181.27%

Buy Apartment in City Center (m2)

$3,122 PAB 3,122

$1,027 CLP 1.0M

203.92%

Buy Apartment Outside City Center (m2)

$1,709 PAB 1,709

$1,557 CLP 1.5M

9.79%

Average Monthly Net Salary (After Tax)

$916 PAB 916

$615 CLP 605.4K

48.93%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.39

4.72

35.38%

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

Last update for Panama City: October 10, 2026

Last update for Osorno: October 11, 2026

Monthly budget structure

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

Accommodation & Living

Panama City

$875 47.2%

Osorno

$371 36.2% 57.6% $504

Groceries & Markets

Panama City

$325 17.5%

Osorno

$218 21.2% 33.1% $108

Eating Out

Panama City

$207 11.1%

Osorno

$135 13.2% 34.8% $72

Monthly Utilities & Internet

Panama City

$206 11.1%

Osorno

$141 13.8% 31.5% $65

Clothing & Footwear

Panama City

$145 7.8%

Osorno

$57 * 5.6% 60.3% $87

Sport & Entertainment

Panama City

$63 3.4%

Osorno

$78 7.6% 23.3% $15

Getting Around

Panama City

$34 1.9%

Osorno

$25 2.4% 28.1% $9.7

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 $384 in Osorno. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

Salaries run about 49% higher in Panama City, which partly offsets the higher cost of living there. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $48.00 in Panama City versus $31.00 in Osorno. Monthly groceries follow the same trend: $325 vs $218 – making Osorno the more affordable choice for daily food spending.

Good to know

🇵🇦 Panama City

🇨🇱 Osorno

🕒 Local time

22:41 10:41 PM

00:41 12:41 AM

2 h ahead of Panama City

🌤 Weather

👥 Population

1,086,990 Capital

147,666

💱 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 19, 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 19, 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

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Between locations

Panama City Osorno 5,550 km ≈ 7 h nonstop flight

From you

Panama City
Osorno

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 Osorno: Cost of Living - Frequently Asked Questions

Yes – Panama City is pricier by about 81%, and outside of rent the gap shows up most in groceries.

For a comfortable life, plan on about $2,783 per month in Panama City and $1,537 in Osorno. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

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

Kindergarten costs $544 per month in Panama City and $354 in Osorno. For families with young kids, this one expense can tip the scales when choosing between the two cities.

Groceries cost about 49% more in Panama City, though it depends on what you buy. Local produce may be comparable; imported and premium items show the biggest price gap.

A $1,500 monthly budget goes further in Osorno, where all-in costs run around $1,025, than in Panama City at $1,855. In Osorno it covers expenses comfortably, while in Panama City it requires careful planning or may not stretch far enough.

Families tend to lean toward Osorno – lower housing and cheaper childcare make a real difference, especially on a single income or when paying for private education.

If budget matters most, go with Osorno. 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.