Cost of Living Comparison Between Canada and Panama 
| Indices Difference |  |
|---|---|
| Cost of Living in Panama is 26.0% lower than in Canada (without rent) | |
| Cost of Living Including Rent in Panama is 25.5% lower than in Canada | |
| Rent Prices in Panama are 24.4% lower than in Canada | |
| Restaurant Prices in Panama are 31.5% lower than in Canada | |
| Groceries Prices in Panama are 25.4% lower than in Canada | |
| Local Purchasing Power in Panama is 59.5% lower than in Canada | |
Restaurants | Canada Edit |
Panama Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
25.00 C$ (17.46 $) |
14.32 C$ (10.00 $) |
-42.7 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
100.00 C$ (69.84 $) |
71.59 C$ (50.00 $) |
-28.4 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
15.00 C$ (10.48 $) |
10.72 C$ (7.49 $) |
-28.5 % |
| Domestic Beer (1 pint draught) |
8.00 C$ (5.59 $) |
2.86 C$ (2.00 $) |
-64.2 % |
| Imported Beer (12 oz small bottle) |
8.00 C$ (5.59 $) |
5.01 C$ (3.50 $) |
-37.4 % |
| Cappuccino (regular) |
5.19 C$ (3.62 $) |
4.97 C$ (3.47 $) |
-4.2 % |
| Coke/Pepsi (12 oz small bottle) |
2.89 C$ (2.02 $) |
2.12 C$ (1.48 $) |
-26.8 % |
| Water (12 oz small bottle) |
2.33 C$ (1.63 $) |
1.77 C$ (1.24 $) |
-24.1 % |
Markets | Canada Edit |
Panama Edit | |
| Milk (regular), (1 gallon) |
11.61 C$ (8.11 $) |
9.83 C$ (6.86 $) |
-15.4 % |
| Loaf of Fresh White Bread (1 lb) |
3.36 C$ (2.34 $) |
3.15 C$ (2.20 $) |
-6.2 % |
| Rice (white), (1 lb) |
2.30 C$ (1.60 $) |
1.54 C$ (1.08 $) |
-32.7 % |
| Eggs (regular) (12) |
4.83 C$ (3.37 $) |
3.84 C$ (2.68 $) |
-20.5 % |
| Local Cheese (1 lb) |
7.08 C$ (4.94 $) |
7.60 C$ (5.31 $) |
+7.4 % |
| Chicken Fillets (1 lb) |
7.61 C$ (5.32 $) |
4.66 C$ (3.26 $) |
-38.8 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
9.30 C$ (6.50 $) |
5.89 C$ (4.12 $) |
-36.7 % |
| Apples (1 lb) |
2.61 C$ (1.82 $) |
2.52 C$ (1.76 $) |
-3.3 % |
| Banana (1 lb) |
0.90 C$ (0.63 $) |
0.88 C$ (0.62 $) |
-2.0 % |
| Oranges (1 lb) |
2.40 C$ (1.68 $) |
1.78 C$ (1.24 $) |
-25.7 % |
| Tomato (1 lb) |
2.60 C$ (1.81 $) |
1.91 C$ (1.33 $) |
-26.5 % |
| Potato (1 lb) |
1.67 C$ (1.16 $) |
1.36 C$ (0.95 $) |
-18.4 % |
| Onion (1 lb) |
1.67 C$ (1.17 $) |
1.56 C$ (1.09 $) |
-6.3 % |
| Lettuce (1 head) |
3.53 C$ (2.46 $) |
2.97 C$ (2.07 $) |
-15.9 % |
| Water (1.5 liter bottle) |
2.49 C$ (1.74 $) |
2.29 C$ (1.60 $) |
-7.7 % |
| Bottle of Wine (Mid-Range) |
18.00 C$ (12.57 $) |
14.32 C$ (10.00 $) |
-20.5 % |
| Domestic Beer (0.5 liter bottle) |
4.10 C$ (2.86 $) |
1.72 C$ (1.20 $) |
-58.0 % |
| Imported Beer (12 oz small bottle) |
4.55 C$ (3.18 $) |
3.21 C$ (2.24 $) |
-29.6 % |
| Cigarettes 20 Pack (Marlboro) |
20.00 C$ (13.97 $) |
8.38 C$ (5.85 $) |
-58.1 % |
Transportation | Canada Edit |
Panama Edit | |
| One-way Ticket (Local Transport) |
3.50 C$ (2.44 $) |
0.86 C$ (0.60 $) |
-75.5 % |
| Monthly Pass (Regular Price) |
105.00 C$ (73.33 $) |
35.80 C$ (25.00 $) |
-65.9 % |
| Taxi Start (Normal Tariff) |
4.55 C$ (3.18 $) |
3.22 C$ (2.25 $) |
-29.2 % |
| Taxi 1 mile (Normal Tariff) |
3.51 C$ (2.45 $) |
4.61 C$ (3.22 $) |
+31.4 % |
| Taxi 1hour Waiting (Normal Tariff) |
38.93 C$ (27.19 $) |
30.07 C$ (21.00 $) |
-22.8 % |
| Gasoline (1 gallon) |
6.08 C$ (4.25 $) |
5.03 C$ (3.51 $) |
-17.3 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
33,978.00 C$ (23,730.97 $) |
28,636.00 C$ (20,000.00 $) |
-15.7 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
28,036.34 C$ (19,581.18 $) |
30,732.99 C$ (21,464.58 $) |
+9.6 % |
Utilities (Monthly) | Canada Edit |
Panama Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
206.62 C$ (144.31 $) |
156.07 C$ (109.00 $) |
-24.5 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
62.64 C$ (43.75 $) |
42.19 C$ (29.47 $) |
-32.6 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
84.75 C$ (59.19 $) |
69.94 C$ (48.85 $) |
-17.5 % |
Sports And Leisure | Canada Edit |
Panama Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
58.96 C$ (41.18 $) |
75.03 C$ (52.40 $) |
+27.3 % |
| Tennis Court Rent (1 Hour on Weekend) |
24.00 C$ (16.76 $) |
53.69 C$ (37.50 $) |
+123.7 % |
| Cinema, International Release, 1 Seat |
15.50 C$ (10.83 $) |
10.02 C$ (7.00 $) |
-35.3 % |
Childcare | Canada Edit |
Panama Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
1,114.00 C$ (778.04 $) |
639.54 C$ (446.67 $) |
-42.6 % |
| International Primary School, Yearly for 1 Child |
16,589.07 C$ (11,586.16 $) |
14,926.52 C$ (10,425.00 $) |
-10.0 % |
Clothing And Shoes | Canada Edit |
Panama Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
76.92 C$ (53.72 $) |
69.11 C$ (48.27 $) |
-10.2 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
56.79 C$ (39.66 $) |
58.92 C$ (41.15 $) |
+3.8 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
121.34 C$ (84.75 $) |
119.79 C$ (83.67 $) |
-1.3 % |
| 1 Pair of Men Leather Business Shoes |
147.72 C$ (103.17 $) |
158.15 C$ (110.45 $) |
+7.1 % |
Rent Per Month | Canada Edit |
Panama Edit | |
| Apartment (1 bedroom) in City Centre |
1,841.07 C$ (1,285.84 $) |
1,321.26 C$ (922.79 $) |
-28.2 % |
| Apartment (1 bedroom) Outside of Centre |
1,642.94 C$ (1,147.46 $) |
1,022.50 C$ (714.14 $) |
-37.8 % |
| Apartment (3 bedrooms) in City Centre |
2,950.78 C$ (2,060.89 $) |
2,511.01 C$ (1,753.74 $) |
-14.9 % |
| Apartment (3 bedrooms) Outside of Centre |
2,549.20 C$ (1,780.42 $) |
1,932.93 C$ (1,350.00 $) |
-24.2 % |
Buy Apartment Price | Canada Edit |
Panama Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
864.32 C$ (603.66 $) |
295.35 C$ (206.28 $) |
-65.8 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
608.76 C$ (425.17 $) |
205.55 C$ (143.56 $) |
-66.2 % |
Salaries And Financing | Canada Edit |
Panama Edit | |
| Average Monthly Net Salary (After Tax) |
3,918.23 C$ (2,736.58 $) |
1,183.07 C$ (826.28 $) |
-69.8 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.61 | 6.30 | -4.7 % |
| Last update: | March 2025 | March 2025 | |
| Contributors in the past 12 months: | 3751 | 90 |
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