Cost of Living Comparison Between Canada and Panama 
| Indices Difference |  |
|---|---|
| Cost of Living in Panama is 25.6% lower than in Canada (without rent) | |
| Cost of Living Including Rent in Panama is 25.1% lower than in Canada | |
| Rent Prices in Panama are 24.0% lower than in Canada | |
| Restaurant Prices in Panama are 31.2% lower than in Canada | |
| Groceries Prices in Panama are 25.1% 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$ (17.38 $) |
14.38 C$ (10.00 $) |
-42.5 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
100.00 C$ (69.53 $) |
71.91 C$ (50.00 $) |
-28.1 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
15.00 C$ (10.43 $) |
10.77 C$ (7.49 $) |
-28.2 % |
| Domestic Beer (1 pint draught) |
8.00 C$ (5.56 $) |
2.88 C$ (2.00 $) |
-64.0 % |
| Imported Beer (12 oz small bottle) |
8.00 C$ (5.56 $) |
5.03 C$ (3.50 $) |
-37.1 % |
| Cappuccino (regular) |
5.19 C$ (3.61 $) |
4.99 C$ (3.47 $) |
-3.8 % |
| Coke/Pepsi (12 oz small bottle) |
2.90 C$ (2.01 $) |
2.13 C$ (1.48 $) |
-26.6 % |
| Water (12 oz small bottle) |
2.34 C$ (1.63 $) |
1.78 C$ (1.24 $) |
-23.9 % |
Markets | Canada Edit |
Panama Edit | |
| Milk (regular), (1 gallon) |
11.65 C$ (8.10 $) |
9.87 C$ (6.86 $) |
-15.3 % |
| Loaf of Fresh White Bread (1 lb) |
3.36 C$ (2.33 $) |
3.16 C$ (2.20 $) |
-5.8 % |
| Rice (white), (1 lb) |
2.29 C$ (1.59 $) |
1.55 C$ (1.08 $) |
-32.3 % |
| Eggs (regular) (12) |
4.83 C$ (3.36 $) |
3.86 C$ (2.68 $) |
-20.2 % |
| Local Cheese (1 lb) |
7.07 C$ (4.91 $) |
7.63 C$ (5.31 $) |
+8.1 % |
| Chicken Fillets (1 lb) |
7.61 C$ (5.29 $) |
4.68 C$ (3.26 $) |
-38.5 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
9.31 C$ (6.47 $) |
5.92 C$ (4.12 $) |
-36.4 % |
| Apples (1 lb) |
2.61 C$ (1.81 $) |
2.53 C$ (1.76 $) |
-2.8 % |
| Banana (1 lb) |
0.90 C$ (0.63 $) |
0.89 C$ (0.62 $) |
-1.6 % |
| Oranges (1 lb) |
2.40 C$ (1.67 $) |
1.79 C$ (1.24 $) |
-25.4 % |
| Tomato (1 lb) |
2.60 C$ (1.81 $) |
1.92 C$ (1.33 $) |
-26.3 % |
| Potato (1 lb) |
1.67 C$ (1.16 $) |
1.37 C$ (0.95 $) |
-18.1 % |
| Onion (1 lb) |
1.67 C$ (1.16 $) |
1.57 C$ (1.09 $) |
-6.0 % |
| Lettuce (1 head) |
3.53 C$ (2.45 $) |
2.98 C$ (2.07 $) |
-15.5 % |
| Water (1.5 liter bottle) |
2.49 C$ (1.73 $) |
2.30 C$ (1.60 $) |
-7.3 % |
| Bottle of Wine (Mid-Range) |
18.00 C$ (12.52 $) |
14.38 C$ (10.00 $) |
-20.1 % |
| Domestic Beer (0.5 liter bottle) |
4.10 C$ (2.85 $) |
1.73 C$ (1.20 $) |
-57.9 % |
| Imported Beer (12 oz small bottle) |
4.56 C$ (3.17 $) |
3.22 C$ (2.24 $) |
-29.4 % |
| Cigarettes 20 Pack (Marlboro) |
20.00 C$ (13.91 $) |
8.41 C$ (5.85 $) |
-57.9 % |
Transportation | Canada Edit |
Panama Edit | |
| One-way Ticket (Local Transport) |
3.50 C$ (2.43 $) |
0.86 C$ (0.60 $) |
-75.3 % |
| Monthly Pass (Regular Price) |
105.00 C$ (73.01 $) |
35.95 C$ (25.00 $) |
-65.8 % |
| Taxi Start (Normal Tariff) |
4.53 C$ (3.15 $) |
3.24 C$ (2.25 $) |
-28.5 % |
| Taxi 1 mile (Normal Tariff) |
3.51 C$ (2.44 $) |
4.63 C$ (3.22 $) |
+31.9 % |
| Taxi 1hour Waiting (Normal Tariff) |
38.93 C$ (27.07 $) |
30.20 C$ (21.00 $) |
-22.4 % |
| Gasoline (1 gallon) |
6.08 C$ (4.23 $) |
5.05 C$ (3.51 $) |
-16.9 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
33,978.00 C$ (23,626.19 $) |
28,763.00 C$ (20,000.00 $) |
-15.3 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
28,032.45 C$ (19,492.02 $) |
30,869.29 C$ (21,464.58 $) |
+10.1 % |
Utilities (Monthly) | Canada Edit |
Panama Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
206.02 C$ (143.25 $) |
156.76 C$ (109.00 $) |
-23.9 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
62.71 C$ (43.60 $) |
42.38 C$ (29.47 $) |
-32.4 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
84.82 C$ (58.98 $) |
70.25 C$ (48.85 $) |
-17.2 % |
Sports And Leisure | Canada Edit |
Panama Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
58.89 C$ (40.95 $) |
75.37 C$ (52.40 $) |
+28.0 % |
| Tennis Court Rent (1 Hour on Weekend) |
24.00 C$ (16.69 $) |
53.93 C$ (37.50 $) |
+124.7 % |
| Cinema, International Release, 1 Seat |
15.00 C$ (10.43 $) |
10.07 C$ (7.00 $) |
-32.9 % |
Childcare | Canada Edit |
Panama Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
1,112.55 C$ (773.60 $) |
642.37 C$ (446.67 $) |
-42.3 % |
| International Primary School, Yearly for 1 Child |
16,559.15 C$ (11,514.20 $) |
14,992.71 C$ (10,425.00 $) |
-9.5 % |
Clothing And Shoes | Canada Edit |
Panama Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
76.94 C$ (53.50 $) |
69.41 C$ (48.27 $) |
-9.8 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
56.72 C$ (39.44 $) |
59.19 C$ (41.15 $) |
+4.4 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
121.37 C$ (84.39 $) |
120.33 C$ (83.67 $) |
-0.9 % |
| 1 Pair of Men Leather Business Shoes |
147.60 C$ (102.63 $) |
158.85 C$ (110.45 $) |
+7.6 % |
Rent Per Month | Canada Edit |
Panama Edit | |
| Apartment (1 bedroom) in City Centre |
1,838.83 C$ (1,278.61 $) |
1,327.12 C$ (922.79 $) |
-27.8 % |
| Apartment (1 bedroom) Outside of Centre |
1,641.12 C$ (1,141.13 $) |
1,027.04 C$ (714.14 $) |
-37.4 % |
| Apartment (3 bedrooms) in City Centre |
2,947.23 C$ (2,049.32 $) |
2,522.14 C$ (1,753.74 $) |
-14.4 % |
| Apartment (3 bedrooms) Outside of Centre |
2,545.74 C$ (1,770.15 $) |
1,941.50 C$ (1,350.00 $) |
-23.7 % |
Buy Apartment Price | Canada Edit |
Panama Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
861.68 C$ (599.16 $) |
296.66 C$ (206.28 $) |
-65.6 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
607.33 C$ (422.30 $) |
206.47 C$ (143.56 $) |
-66.0 % |
Salaries And Financing | Canada Edit |
Panama Edit | |
| Average Monthly Net Salary (After Tax) |
3,915.95 C$ (2,722.91 $) |
1,188.32 C$ (826.28 $) |
-69.7 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.61 | 6.30 | -4.8 % |
| Last update: | March 2025 | March 2025 | |
| Contributors in the past 12 months: | 3727 | 90 |
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