Graz vs Panama City: cost of living for digital nomads

Graz, Austria 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

  • Panama City is about 4% cheaper than Graz for a month of nomad living ($1,800 vs $1,870).
  • Rent is the biggest gap: $800 in Graz against $850 in Panama City.
  • Graz scores higher on safety (9/10 vs 7/10).
  • Internet is faster in Graz: 190 Mbps typical against 100 Mbps.
  • Graz is continental; Panama City is tropical.

Graz wins 3 of the measured lines; Panama City wins 3.

Frequently asked questions

Which city is cheaper, Graz or Panama City?

Panama City is cheaper: about $1,800/month against $1,870/month in Graz, roughly 4% less for a typical remote worker's budget.

Which city is safer, Graz or Panama City?

Graz scores higher on safety: 9/10 against 7/10 for Panama City.

Which has faster internet, Graz or Panama City?

Graz has faster typical internet: 190 Mbps against 100 Mbps in Panama City.

LineGrazPanama City
Monthly total (USD)$1,870$1,800
Rent$800$850
Food$470$460
Transport$50$50
Coworking$140$140
Safety (out of 10)9/107/10
Internet (Mbps)190100
Climatecontinentaltropical
City sizemidmetro
Settinginlandcoast
Nomad score (out of 10)7/108/10

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. Cost figures verified (Eastern Time): Graz September 11, 2026, Panama City November 1, 2026.