Cost of living in Coronado
Coronado, a picturesque coastal town in Panama, offers a unique blend of tropical charm and modern amenities. Understanding the cost of living here is crucial for anyone considering relocation or extended stays.
This guide provides a detailed breakdown of expenses, from dining and groceries to housing and transportation, helping you make informed financial decisions.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $12 on average, with a range between $8 and $12.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $45.5, with prices ranging from $35 to $56.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $9.25, with a range between $7.49 and $11.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $1 to $2, imported beer $2.5 to $4, cappuccino $3.5 to $4, and Coke/Pepsi $0.8 to $1.78.
Grocery Prices
- Milk - Milk is priced between $1.28 and $1.79 per liter, averaging $1.61.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $1.05 and $1.46, with an average price of $1.26.
- Eggs (Dozen) - A dozen eggs range from $2 to $2.45, averaging $2.23.
- Fruits (e.g., Apples, Oranges) - Apples cost $2.65 per kg, while oranges average $3 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $1.75 and $2.23 per kg, and lettuce costs $1.03 to $2.5 per head.
Transportation
- Public Transport (One-Way Ticket) - A one-way local transport ticket costs between $0.7 and $2.
- Fuel (Gasoline) - Gasoline is priced between $0.85 and $1.34 per liter.
- Taxi Fares - Taxi fares start at $1.5, with a cost of $1.24 to $5 per km.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre ranges from $380 to $1000, averaging $760.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $240 to $750, averaging $563.33.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre averages $1250.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $850 to $1500, averaging $1175.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment average $80.
- Internet - Internet services range from $50 to $59, with an average cost of $53.
Cost of Living Rankings
The cost of living indices for Panama are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in Panama, covering factors like consumer goods, rent, and purchasing power.
Cost of Living Data
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"Key Takeaways"
Coronado offers a relatively affordable cost of living compared to many Western cities, especially in terms of dining and housing.
While some imported goods and services may be pricier, local products and services remain budget-friendly.
Transportation costs are low, making it easy to navigate the city without a significant financial burden.
Conclusion
In conclusion, Coronado, Panama, presents a balanced cost of living with affordable housing and dining options.
Potential residents can enjoy a comfortable lifestyle without the high expenses associated with larger urban areas.
This makes Coronado an attractive destination for those seeking a tropical lifestyle with modern conveniences.