Panama City, Panama
-15% vs Panama City avgCondado del Rey is a relatively affordable area in Panama City, with a cost of living index of 36.0 — that is -15% compared to the Panama City average. At #14 of 19, it is below the city average in cost. Estimated rent for a one-bedroom apartment here is around $850/month, compared to a range of $680 in San Miguelito to $1,300 in Punta Pacífica.
For a typical resident of Condado del Rey, housing takes up roughly 36% of monthly expenses. Food and groceries account for about 16%, while transportation costs around 9%. To live comfortably here — meaning rent stays at or below 30% of gross income — you would need an annual salary of approximately $34,000 before tax.
Salaries in Condado del Rey reflect the local cost of living. Based on the neighborhood COLI of 36.0:
After tax and deductions of 18.6% in Panama, take-home pay for someone earning $34,000 would be roughly $27,676/year. Use the salary converter to calculate an exact figure for your situation, including expat-specific tax adjustments.
Estimated annual deductions on a $27,000 salary in Condado del Rey, Panama City (local employee).
Rates shown are for a local employee. Use the salary converter for expat calculations.
What a $75,000 USD salary in Condado del Rey would need to be elsewhere:
| City | Currency | Equivalent |
|---|---|---|
| New York | USD | $27,000 |
| London | GBP | £23,236 |
| Dubai | AED | AED 135,102 |
| Neighborhood | COLI | Multiplier | vs Avg |
|---|---|---|---|
| Punta Pacífica | 55.0 | 1.30x | +30% |
| Costa del Este | 52.9 | 1.25x | +25% |
| Marbella | 48.6 | 1.15x | +15% |
| Casco Viejo | 47.4 | 1.12x | +12% |
| Obarrio | 46.5 | 1.10x | +10% |
See exactly what you need to earn in Condado del Rey, Panama City to maintain your lifestyle.
Open Salary ConverterNeighborhoods with a similar cost of living to Condado del Rey:
Condado del Rey is one of the more affordable neighborhoods in Panama City. It costs about -15% less than the city average, ranking #14 out of 19 neighborhoods.
The cost of living in Condado del Rey is below the Panama City average. With a multiplier of 0.85x, everyday expenses including rent, food, and transportation are -15% compared to the city baseline.