Cost of Living in Corozal vs Panama City

Cost of living in Corozal is 25% higher than in Panama City (without rent).

Rent in Corozal is 25% more expensive than in Panama City.

Cost of living including rent in Corozal is 25% higher than in Panama City.

Food in Corozal is 37% more expensive than in Panama City.

Transport in Corozal is 29% cheaper than in Panama City.

Corozal vs. Panama City Comparision

Corozal Panama City
Cost of Living, including rent
1,729 $
1,384 $
Without Rent
790 $
633 $
Rent & Utilities
940 $
751 $
Food
609 $
444 $
Transport
60 $
84 $
Monthly Salary, after tax
3,089 $
914 $
Quality of Life
65
66
Population
34.6K
881.0K

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Corozal Panama City

Restaurants

Lunch menu,
inexpensive restaurant
19.8 $ 12.3 $
Dinner, for 2 85.3 $ 55.2 $
Fast food, McDonalds or KFC 10.5 $ 7.6 $
Beer, 0.5 L or 16 fl oz 3.01 $ 2.94 $
Capuccino 3.81 $ 4.25 $
Coke, 330ml 2.03 $ 1.9 $

Markets

Milk, 1 L or 1 qt 2.15 $ 1.78 $
Bread, 0.5 kg or 1 lb 3.5 $ 2.12 $
Rice, 1 kg or 2 lb 2.56 $ 2.08 $
Eggs, 12 pack 5.47 $ 2.67 $
Cheese, 1 kg or 2 lb 10.4 $ 13.2 $
Chicken Breast, 1 kg or 2 lb 8.67 $ 7.23 $
Round Steak, 1 kg or 2 lb 12.6 $ 10.4 $
Apples, 1 kg or 2 lb 4.74 $ 3.11 $
Banana, 1 kg or 2 lb 2.58 $ 1.54 $
Oranges, 1 kg or 2 lb 3.55 $ 3.09 $
Potatoes, 1 kg or 2 lb 3.81 $ 2.19 $
Onions, 1 kg or 2 lb 2.86 $ 2.5 $
Water, 1 L or 1 qt 1.26 $ 1 $
Coca-Cola / Pepsi, 2 L or 67.6 fl oz 1.87 $ 2.51 $
Wine, 750 mL bottle 17.8 $ 9.03 $
Beer, 0.5 L or 16 fl oz 2.53 $ 1.14 $
Cigarette pack 11.5 $ 5.89 $

Transport

Local transport ticket, One-way Ticket 1.82 $ 0.35 $
Monthly pass, Monthly Ticket 52.4 $ 26.2 $
Gas or petrol, 1 L or 0.26 gal 0.98 $ 1.02 $
Taxi, 8 km 22 $ 13.9 $

Personal Care

Doctor visit, private clinic 62.6 $ 49.1 $
Cold medicine, for 1 week 10 $ 10.5 $
Hair shampoo, 400 ml or 12 oz 6.96 $ 6.97 $
Toilet paper, 4 rolls 3.8 $ 3.12 $
Toothpaste, 1 tube 2.66 $ 3.06 $

Utilities per Month

Utility bill - 1 person,
electricity, heating, water & garbage
150 $ 76.7 $
Utility bill - family,
electricity, heating, water & garbage
231 $ 118 $
Internet plan,
+60 Mbps
70.8 $ 47.4 $

Rent per Month

1 Bedroom Apartment, outside of center, 40 sq.m 682 $ 577 $
3 Bedroom Apartment, outside of center, 85 sq.m 1,318 $ 1,198 $
1 Bedroom Apartment, in city center, 40 sq.m 866 $ 827 $
3 Bedroom Apartment, in city center, 85 sq.m 1,414 $ 1,757 $

Buy Apartment Price

Price per Square Meter to Buy Apartment, in city center 2,177 $ 2,406 $
Price per Square Meter to Buy House, in suburbs 1,850 $ 1,535 $

Salaries and Financing

Average Monthly Net Salary, after tax 3,089 $ 914 $
Mortgage Interest Rate, for 20 years fixed-rate 5.63 % 6.12 %

Sports and Leisure

Fitness Club, Monthly Fee for 1 Adult 32 $ 43.8 $
Cinema, 1 seat 12 $ 6.71 $
Haircut 17.4 $ 13.7 $

Clothing and Shoes

Brand Sneakers, mid-range, Nike or similar 91.7 $ 90.2 $
Brand Jeans, Levis 501 45.8 $ 54.3 $

Childcare

Preschool, full day, monthly for 1 child 460 $ 437 $
International Primary School, yearly for 1 child 10,412 $ 9,531 $