Funchal vs Panama City: cost of living for digital nomads
Funchal, Portugal and Panama City, Panama, line by line from the catalogue: what a month costs, rent, food, coworking, safety and internet. Every figure links back to its source on the city page.
The short version
- Funchal is about 6% cheaper than Panama City for a month of nomad living ($1,700 vs $1,800).
- Funchal scores higher on safety (9/10 vs 7/10).
- Funchal is mediterranean; Panama City is tropical.
Funchal wins 5 of the measured lines; Panama City wins 0.
Frequently asked questions
Which city is cheaper, Funchal or Panama City?
Funchal is cheaper: about $1,700/month against $1,800/month in Panama City, roughly 6% less for a typical remote worker's budget.
Which city is safer, Funchal or Panama City?
Funchal scores higher on safety: 9/10 against 7/10 for Panama City.
Which has faster internet, Funchal or Panama City?
Funchal and Panama City have about the same typical internet speed, 100 Mbps.
| Line | Funchal | Panama City |
|---|---|---|
| Monthly total (USD) | $1,700 | $1,800 |
| Rent | $850 | $850 |
| Food | $430 | $460 |
| Transport | $40 | $50 |
| Coworking | $120 | $140 |
| Safety (out of 10) | 9/10 | 7/10 |
| Internet (Mbps) | 100 | 100 |
| Climate | mediterranean | tropical |
| City size | mid | metro |
| Setting | island | coast |
| Nomad score (out of 10) | 8/10 | 8/10 |
Funchal
Madeira's capital and home of the original Digital Nomad Village — safe, scenic, EU-based.
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Costs are typical monthly figures for one person in USD, from the sources named on each city page; safety and internet are the catalogue's own ratings. Cost figures verified (Eastern Time): Funchal November 9, 2026, Panama City November 1, 2026.