Cost of Living Comparison Between Canada and Panama 
| Indices Difference |  |
|---|---|
| Cost of Living in Panama is 25.7% lower than in Canada (without rent) | |
| Cost of Living Including Rent in Panama is 25.8% lower than in Canada | |
| Rent Prices in Panama are 26.0% lower than in Canada | |
| Restaurant Prices in Panama are 30.1% lower than in Canada | |
| Groceries Prices in Panama are 25.0% lower than in Canada | |
| Local Purchasing Power in Panama is 58.3% lower than in Canada | |
Restaurants | Canada Edit |
Panama Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
25.00 C$ (17.39 $) |
14.38 C$ (10.00 $) |
-42.5 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
100.00 C$ (69.56 $) |
71.88 C$ (50.00 $) |
-28.1 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
15.00 C$ (10.43 $) |
11.50 C$ (8.00 $) |
-23.3 % |
| Domestic Beer (1 pint draught) |
8.00 C$ (5.57 $) |
2.88 C$ (2.00 $) |
-64.1 % |
| Imported Beer (12 oz small bottle) |
8.00 C$ (5.57 $) |
5.55 C$ (3.86 $) |
-30.6 % |
| Cappuccino (regular) |
5.20 C$ (3.61 $) |
5.05 C$ (3.52 $) |
-2.7 % |
| Coke/Pepsi (12 oz small bottle) |
2.90 C$ (2.02 $) |
2.22 C$ (1.54 $) |
-23.7 % |
| Water (12 oz small bottle) |
2.36 C$ (1.64 $) |
1.86 C$ (1.29 $) |
-21.4 % |
Markets | Canada Edit |
Panama Edit | |
| Milk (regular), (1 gallon) |
11.56 C$ (8.04 $) |
9.71 C$ (6.75 $) |
-16.0 % |
| Loaf of Fresh White Bread (1 lb) |
3.35 C$ (2.33 $) |
3.13 C$ (2.18 $) |
-6.6 % |
| Rice (white), (1 lb) |
2.27 C$ (1.58 $) |
1.54 C$ (1.07 $) |
-31.9 % |
| Eggs (regular) (12) |
4.81 C$ (3.34 $) |
3.72 C$ (2.59 $) |
-22.5 % |
| Local Cheese (1 lb) |
7.14 C$ (4.96 $) |
8.08 C$ (5.62 $) |
+13.1 % |
| Chicken Fillets (1 lb) |
7.62 C$ (5.30 $) |
4.75 C$ (3.30 $) |
-37.7 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
9.23 C$ (6.42 $) |
5.93 C$ (4.12 $) |
-35.8 % |
| Apples (1 lb) |
2.60 C$ (1.81 $) |
2.46 C$ (1.71 $) |
-5.1 % |
| Banana (1 lb) |
0.89 C$ (0.62 $) |
0.92 C$ (0.64 $) |
+3.4 % |
| Oranges (1 lb) |
2.38 C$ (1.66 $) |
1.84 C$ (1.28 $) |
-22.8 % |
| Tomato (1 lb) |
2.59 C$ (1.80 $) |
1.96 C$ (1.37 $) |
-24.1 % |
| Potato (1 lb) |
1.67 C$ (1.16 $) |
1.37 C$ (0.96 $) |
-17.8 % |
| Onion (1 lb) |
1.66 C$ (1.15 $) |
1.53 C$ (1.06 $) |
-7.9 % |
| Lettuce (1 head) |
3.51 C$ (2.44 $) |
3.03 C$ (2.11 $) |
-13.8 % |
| Water (1.5 liter bottle) |
2.48 C$ (1.72 $) |
2.20 C$ (1.53 $) |
-11.1 % |
| Bottle of Wine (Mid-Range) |
18.00 C$ (12.52 $) |
12.94 C$ (9.00 $) |
-28.1 % |
| Domestic Beer (0.5 liter bottle) |
4.05 C$ (2.82 $) |
1.69 C$ (1.18 $) |
-58.3 % |
| Imported Beer (12 oz small bottle) |
4.56 C$ (3.17 $) |
3.05 C$ (2.12 $) |
-33.0 % |
| Cigarettes 20 Pack (Marlboro) |
20.00 C$ (13.91 $) |
8.09 C$ (5.62 $) |
-59.6 % |
Transportation | Canada Edit |
Panama Edit | |
| One-way Ticket (Local Transport) |
3.50 C$ (2.43 $) |
0.72 C$ (0.50 $) |
-79.5 % |
| Monthly Pass (Regular Price) |
104.90 C$ (72.97 $) |
35.94 C$ (25.00 $) |
-65.7 % |
| Taxi Start (Normal Tariff) |
4.50 C$ (3.13 $) |
3.59 C$ (2.50 $) |
-20.1 % |
| Taxi 1 mile (Normal Tariff) |
3.54 C$ (2.46 $) |
4.63 C$ (3.22 $) |
+30.7 % |
| Taxi 1hour Waiting (Normal Tariff) |
39.00 C$ (27.13 $) |
30.19 C$ (21.00 $) |
-22.6 % |
| Gasoline (1 gallon) |
6.05 C$ (4.21 $) |
5.24 C$ (3.65 $) |
-13.4 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
33,978.00 C$ (23,636.38 $) |
28,570.91 C$ (19,875.00 $) |
-15.9 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
27,939.83 C$ (19,436.00 $) |
30,302.60 C$ (21,079.63 $) |
+8.5 % |
Utilities (Monthly) | Canada Edit |
Panama Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
203.17 C$ (141.33 $) |
151.67 C$ (105.51 $) |
-25.3 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
62.89 C$ (43.75 $) |
42.17 C$ (29.33 $) |
-32.9 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
85.02 C$ (59.14 $) |
70.13 C$ (48.79 $) |
-17.5 % |
Sports And Leisure | Canada Edit |
Panama Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
58.16 C$ (40.46 $) |
79.66 C$ (55.41 $) |
+37.0 % |
| Tennis Court Rent (1 Hour on Weekend) |
24.15 C$ (16.80 $) |
46.00 C$ (32.00 $) |
+90.5 % |
| Cinema, International Release, 1 Seat |
15.00 C$ (10.43 $) |
10.06 C$ (7.00 $) |
-32.9 % |
Childcare | Canada Edit |
Panama Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
1,129.44 C$ (785.68 $) |
671.15 C$ (466.88 $) |
-40.6 % |
| International Primary School, Yearly for 1 Child |
17,398.86 C$ (12,103.30 $) |
15,422.46 C$ (10,728.44 $) |
-11.4 % |
Clothing And Shoes | Canada Edit |
Panama Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
77.83 C$ (54.14 $) |
72.60 C$ (50.50 $) |
-6.7 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
56.30 C$ (39.16 $) |
54.42 C$ (37.86 $) |
-3.3 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
122.29 C$ (85.07 $) |
120.91 C$ (84.11 $) |
-1.1 % |
| 1 Pair of Men Leather Business Shoes |
149.61 C$ (104.07 $) |
151.54 C$ (105.42 $) |
+1.3 % |
Rent Per Month | Canada Edit |
Panama Edit | |
| Apartment (1 bedroom) in City Centre |
1,867.90 C$ (1,299.38 $) |
1,274.43 C$ (886.54 $) |
-31.8 % |
| Apartment (1 bedroom) Outside of Centre |
1,649.79 C$ (1,147.65 $) |
943.27 C$ (656.18 $) |
-42.8 % |
| Apartment (3 bedrooms) in City Centre |
2,983.60 C$ (2,075.51 $) |
2,637.50 C$ (1,834.74 $) |
-11.6 % |
| Apartment (3 bedrooms) Outside of Centre |
2,565.38 C$ (1,784.57 $) |
1,851.44 C$ (1,287.93 $) |
-27.8 % |
Buy Apartment Price | Canada Edit |
Panama Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
896.20 C$ (623.43 $) |
312.55 C$ (217.42 $) |
-65.1 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
619.80 C$ (431.16 $) |
206.38 C$ (143.56 $) |
-66.7 % |
Salaries And Financing | Canada Edit |
Panama Edit | |
| Average Monthly Net Salary (After Tax) |
3,971.25 C$ (2,762.55 $) |
1,229.77 C$ (855.48 $) |
-69.0 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.67 | 6.36 | -4.6 % |
| Last update: | December 2024 | December 2024 | |
| Contributors in the past 12 months: | 5485 | 161 |
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