Last update: Nov 2026

Cost of Living Comparison Between Panama City and Steamboat Springs, CO

For one person, living is cheaper in Panama City: $1,972 a month against $2,702 in Steamboat Springs, CO, rent and utilities included – about $8,800 less a year. Rent and utilities account for about half of the difference.

95

Cost of Living Index in Panama City
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Panama City Living Index
129

Cost of Living Index in Steamboat Springs, CO
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Steamboat Springs, CO Living Index

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Panama City

🇵🇦 Panama

$1,972

/mo nomad

Steamboat Springs, CO

🇺🇸 United States

$2,702

/mo nomad

Monthly Cost of Living

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

A single person spends $1,972 per month in Panama City vs $2,702 in Steamboat Springs, CO, rent included.

Panama City $1,972
Steamboat Springs, CO $2,702

A couple spends around $2,930 per month in Panama City vs $4,084 in Steamboat Springs, CO, rent included.

Panama City $2,930
Steamboat Springs, CO $4,084

A family of three spends $3,888 per month in Panama City vs $5,465 in Steamboat Springs, CO, rent included.

Panama City $3,888
Steamboat Springs, CO $5,465

Panama City is about 27% cheaper than Steamboat Springs, CO, and outside of rent the biggest gap is in eating out.

Both Panama City and Steamboat Springs, CO sit above the global median – Panama City by 46%, Steamboat Springs, CO by 100%.

Meal at Budget Restaurant

$11.37 PAB 11.37

$24.15 $24.15

-52.92%

Three-Course Dinner for Two, Mid-Range

$46.69 PAB 46.69

$126 $126

-62.95%

Fast Food Meal (McDonalds, etc)

$7.98 PAB 7.98

$15.08 $15.08

-47.08%

Cappuccino

$4.12 PAB 4.12

$6.86 $6.86

-39.94%

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

$2.01 PAB 2.01

$4.48 $4.48

-55.13%

Water (0.33 liter bottle)

$1.57 PAB 1.57

$2.84 $2.84

-44.72%

Local Beer (0.5 liter draught)

$3.28 PAB 3.28

$7.33 $7.33

-55.25%

Imported Beer (0.33 liter bottle)

$3.88 PAB 3.88

$7.55 $7.55

-48.61%

Milk (1 liter)

$1.82 PAB 1.82

$1.04 $1.04

75.00%

White Bread (500g)

$2.61 PAB 2.61

$3.59 $3.59

-27.30%

Rice (white) (1kg)

$3.45 PAB 3.45

$4.38 $4.38

-21.23%

Eggs

$2.68 PAB 2.68

$4.08 $4.08

-34.31%

Local Cheese (1kg)

$12.42 PAB 12.42

$12.58 $12.58

-1.27%

Chicken Fillets (1kg)

$6.73 PAB 6.73

$11.81 $11.81

-43.01%

Beef Round Steak (1kg)

$10.44 PAB 10.44

$17.11 $17.11

-38.98%

Apples (1kg)

$4.21 PAB 4.21

$4.72 $4.72

-10.81%

Banana (1kg)

$1.95 PAB 1.95

$1.62 $1.62

20.37%

Oranges (1kg)

$4.07 PAB 4.07

$4.80 $4.80

-15.21%

Tomato (1kg)

$4.02 PAB 4.02

$5.18 $5.18

-22.39%

Potato (1kg)

$3.46 PAB 3.46

$2.94 $2.94

17.69%

Onion (1kg)

$4.42 PAB 4.42

$3.01 $3.01

46.84%

Lettuce (1 head)

$2.43 PAB 2.43

$1.99 $1.99

22.11%

Water (1.5 liter bottle)

$1.72 PAB 1.72

$2.29 $2.29

-24.89%

Cigarettes 20 Pack (Marlboro, Camel)

$6.04 PAB 6.04

$9.87 $9.87

-38.80%

Wine (Bottle)

$11.68 PAB 11.68

$20.76 $20.76

-43.74%

Local Beer (0.5 liter bottle)

$1.41 PAB 1.41

$2.10 $2.10

-32.86%

Imported Beer (0.33 liter bottle)

$2.74 PAB 2.74

$3.44 $3.44

-20.35%

One-way Ticket (Public Transport)

$0.33 PAB 0.33

$2.22 $2.22

-85.14%

Public Transport Monthly Pass (Regular Price)

$20.65 PAB 20.65

$56.0 $56.0

-63.15%

Taxi Start (Normal Tariff)

$2.45 PAB 2.45

$3.21 $3.21

-23.68%

Taxi (Normal Tariff) (1km)

$1.76 PAB 1.76

$1.93 $1.93

-8.81%

Taxi 1hour Waiting (Normal Tariff)

$21.86 PAB 21.86

$30.19 $30.19

-27.59%

Gasoline (1 liter)

$1.20 PAB 1.20

$1.08 $1.08

11.11%

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

$24.6K PAB 24.6K

$28.6K $28.6K

-14.08%

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

$20.9K PAB 20.9K

$26.1K $26.1K

-19.93%

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

$132 PAB 132

$201 $201

-34.57%

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

$27.89 PAB 27.89

$58.3 $58.3

-52.14%

Internet (50+ Mbps, Unlimited Data)

$49.10 PAB 49.10

$73.6 $73.6

-33.31%

Gym Membership (Monthly)

$44.53 PAB 44.53

$39.33 $39.33

13.22%

Tennis Court (1 Hour on Weekend)

$34.01 PAB 34.01

Cinema Ticket

$8.70 PAB 8.70

$13.92 $13.92

-37.50%

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

$537 PAB 537

$1,371 $1,371

-60.84%

International Primary School, 1 Child (Yearly)

$20.5K PAB 20.5K

$21.5K $21.5K

-4.43%

Jeans (Levis 501 Or Similar)

$65.8 PAB 65.8

$52.4 $52.4

25.60%

Summer Dress (H&M, Zara, etc)

$48.45 PAB 48.45

$41.60 $41.60

16.47%

Sport Shoes (Adidas, Nike)

$95.4 PAB 95.4

$89.3 $89.3

6.84%

Men's Leather Business Shoes

$114 PAB 114

$116 $116

-2.02%

1-bedroom Apartment, City Center (Monthly)

$1,405 PAB 1,405

$2,200 $2,200

-36.13%

1-bedroom Apartment, Outside City Center (Monthly)

$994 PAB 994

$1,272 $1,272

-21.82%

3-bedroom Apartment, City Center (Monthly)

$2,221 PAB 2,221

$5,223 $5,223

-57.47%

3-bedroom Apartment, Outside City Center (Monthly)

$1,714 PAB 1,714

$2,099 $2,099

-18.37%

Buy Apartment in City Center (m2)

$3,139 PAB 3,139

$2,857 $2,857

9.88%

Buy Apartment Outside City Center (m2)

$1,724 PAB 1,724

$2,350 $2,350

-26.64%

Average Monthly Net Salary (After Tax)

$936 PAB 936

20-Year Fixed Mortgage Interest Rate (Annual %)

6.39

6.59

-3.03%

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

Last update for Panama City: November 3, 2026

Last update for Steamboat Springs, CO: November 1, 2026

Monthly budget structure

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

Accommodation & Living

Panama City

$994 50.4%

Steamboat Springs, CO

$1.3K 47.1% 27.9% $277

Groceries & Markets

Panama City

$326 16.5%

Steamboat Springs, CO

$416 15.4% 27.7% $90

Monthly Utilities & Internet

Panama City

$209 10.6%

Steamboat Springs, CO

$333 12.3% 59.6% $125

Eating Out

Panama City

$203 10.3%

Steamboat Springs, CO

$402 14.9% 98% $199

Clothing & Footwear

Panama City

$145 7.4%

Steamboat Springs, CO

$135 5% 7.4% $11

Sport & Entertainment

Panama City

$62 3.1%

Steamboat Springs, CO

$67 2.5% 8.5% $5.3

Getting Around

Panama City

$33 1.7%

Steamboat Springs, CO

$78 2.9% 134% $45

Cost Breakdown

A central one-bedroom costs $1,405 in Panama City versus $2,200 in Steamboat Springs, CO. 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 $47 in Panama City versus $126 in Steamboat Springs, CO. Monthly groceries follow the same trend: $326 vs $416 – making Panama City the more affordable choice for daily food spending.

Good to know

🇵🇦 Panama City

🇺🇸 Steamboat Springs, CO

🕒 Local time

19:47 7:47 PM

17:47 5:47 PM

2 h behind Panama City

🌤 Weather

👥 Population

1,086,990 Capital

13,000

💱 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 7, 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 7, 2026: 1 EUR = 1.12 USD (1 USD = 0.895 EUR).

USD to PAB in detail →

On the map

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Between locations

Panama City Steamboat Springs, CO 4,420 km ≈ 6 h nonstop flight

From you

Panama City
Steamboat Springs, 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 Steamboat Springs, CO: Cost of Living - Frequently Asked Questions

Yes – Steamboat Springs, CO is pricier by about 37%, and outside of rent the gap shows up most in eating out.

For a comfortable life, plan on about $2,958 per month in Panama City and $4,053 in Steamboat Springs, CO. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Panama City, especially for central apartments: a one-bedroom in the center costs $1,405 there versus $2,200 in Steamboat Springs, CO.

Groceries cost about 28% more in Steamboat Springs, CO, though the gap depends on what you buy.

A mid-range dinner for two costs $47 in Panama City and $126 in Steamboat Springs, CO. That’s a good indicator of the overall restaurant and café pricing gap between the two cities.

A $2,500 monthly budget goes further in Panama City, where all-in costs run around $1,972, than in Steamboat Springs, CO at $2,702. In Panama City it covers expenses comfortably, while in Steamboat Springs, CO it requires careful planning or may not stretch far enough.

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

For expats, Panama City is the easier option financially – housing and daily costs are lower, and overall it costs about 27% less, which matters a lot on a fixed budget or early-career salary.