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.

LineFunchalPanama City
Monthly total (USD)$1,700$1,800
Rent$850$850
Food$430$460
Transport$40$50
Coworking$120$140
Safety (out of 10)9/107/10
Internet (Mbps)100100
Climatemediterraneantropical
City sizemidmetro
Settingislandcoast
Nomad score (out of 10)8/108/10

Funchal

Madeira's capital and home of the original Digital Nomad Village — safe, scenic, EU-based.

Panama City

Panama City, Panama.

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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. Check the city pages for the dates each was last verified.