Cost of Living Comparison Between Panama and Canada 
| Indices Difference |  |
|---|---|
| Cost of Living in Canada is 35.1% higher than in Panama (without rent) | |
| Cost of Living Including Rent in Canada is 34.3% higher than in Panama | |
| Rent Prices in Canada are 32.4% higher than in Panama | |
| Restaurant Prices in Canada are 46.0% higher than in Panama | |
| Groceries Prices in Canada are 34.1% higher than in Panama | |
| Local Purchasing Power in Canada is 146.7% higher than in Panama | |
Restaurants | Panama Edit |
Canada Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
10.00 $ (14.32 C$) |
17.46 $ (25.00 C$) |
+74.6 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
50.00 $ (71.59 C$) |
69.84 $ (100.00 C$) |
+39.7 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
7.49 $ (10.72 C$) |
10.48 $ (15.00 C$) |
+39.9 % |
| Domestic Beer (1 pint draught) |
2.00 $ (2.86 C$) |
5.59 $ (8.00 C$) |
+179.4 % |
| Imported Beer (12 oz small bottle) |
3.50 $ (5.01 C$) |
5.59 $ (8.00 C$) |
+59.6 % |
| Cappuccino (regular) |
3.47 $ (4.97 C$) |
3.62 $ (5.19 C$) |
+4.4 % |
| Coke/Pepsi (12 oz small bottle) |
1.48 $ (2.12 C$) |
2.02 $ (2.89 C$) |
+36.6 % |
| Water (12 oz small bottle) |
1.24 $ (1.77 C$) |
1.63 $ (2.33 C$) |
+31.7 % |
Markets | Panama Edit |
Canada Edit | |
| Milk (regular), (1 gallon) |
6.86 $ (9.83 C$) |
8.11 $ (11.61 C$) |
+18.2 % |
| Loaf of Fresh White Bread (1 lb) |
2.20 $ (3.15 C$) |
2.34 $ (3.36 C$) |
+6.6 % |
| Rice (white), (1 lb) |
1.08 $ (1.54 C$) |
1.60 $ (2.30 C$) |
+48.6 % |
| Eggs (regular) (12) |
2.68 $ (3.84 C$) |
3.37 $ (4.83 C$) |
+25.8 % |
| Local Cheese (1 lb) |
5.31 $ (7.60 C$) |
4.94 $ (7.08 C$) |
-6.9 % |
| Chicken Fillets (1 lb) |
3.26 $ (4.66 C$) |
5.32 $ (7.61 C$) |
+63.3 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
4.12 $ (5.89 C$) |
6.50 $ (9.30 C$) |
+57.9 % |
| Apples (1 lb) |
1.76 $ (2.52 C$) |
1.82 $ (2.61 C$) |
+3.4 % |
| Banana (1 lb) |
0.62 $ (0.88 C$) |
0.63 $ (0.90 C$) |
+2.0 % |
| Oranges (1 lb) |
1.24 $ (1.78 C$) |
1.68 $ (2.40 C$) |
+34.7 % |
| Tomato (1 lb) |
1.33 $ (1.91 C$) |
1.81 $ (2.60 C$) |
+36.1 % |
| Potato (1 lb) |
0.95 $ (1.36 C$) |
1.16 $ (1.67 C$) |
+22.5 % |
| Onion (1 lb) |
1.09 $ (1.56 C$) |
1.17 $ (1.67 C$) |
+6.7 % |
| Lettuce (1 head) |
2.07 $ (2.97 C$) |
2.46 $ (3.53 C$) |
+18.9 % |
| Water (1.5 liter bottle) |
1.60 $ (2.29 C$) |
1.74 $ (2.49 C$) |
+8.4 % |
| Bottle of Wine (Mid-Range) |
10.00 $ (14.32 C$) |
12.57 $ (18.00 C$) |
+25.7 % |
| Domestic Beer (0.5 liter bottle) |
1.20 $ (1.72 C$) |
2.86 $ (4.10 C$) |
+138.2 % |
| Imported Beer (12 oz small bottle) |
2.24 $ (3.21 C$) |
3.18 $ (4.55 C$) |
+42.0 % |
| Cigarettes 20 Pack (Marlboro) |
5.85 $ (8.38 C$) |
13.97 $ (20.00 C$) |
+138.8 % |
Transportation | Panama Edit |
Canada Edit | |
| One-way Ticket (Local Transport) |
0.60 $ (0.86 C$) |
2.44 $ (3.50 C$) |
+307.4 % |
| Monthly Pass (Regular Price) |
25.00 $ (35.80 C$) |
73.33 $ (105.00 C$) |
+193.3 % |
| Taxi Start (Normal Tariff) |
2.25 $ (3.22 C$) |
3.18 $ (4.55 C$) |
+41.2 % |
| Taxi 1 mile (Normal Tariff) |
3.22 $ (4.61 C$) |
2.45 $ (3.51 C$) |
-23.9 % |
| Taxi 1hour Waiting (Normal Tariff) |
21.00 $ (30.07 C$) |
27.19 $ (38.93 C$) |
+29.5 % |
| Gasoline (1 gallon) |
3.51 $ (5.03 C$) |
4.25 $ (6.08 C$) |
+20.9 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
20,000.00 $ (28,636.00 C$) |
23,730.97 $ (33,978.00 C$) |
+18.7 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
21,464.58 $ (30,732.99 C$) |
19,581.18 $ (28,036.34 C$) |
-8.8 % |
Utilities (Monthly) | Panama Edit |
Canada Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
109.00 $ (156.07 C$) |
144.31 $ (206.62 C$) |
+32.4 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
29.47 $ (42.19 C$) |
43.75 $ (62.64 C$) |
+48.5 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
48.85 $ (69.94 C$) |
59.19 $ (84.75 C$) |
+21.2 % |
Sports And Leisure | Panama Edit |
Canada Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
52.40 $ (75.03 C$) |
41.18 $ (58.96 C$) |
-21.4 % |
| Tennis Court Rent (1 Hour on Weekend) |
37.50 $ (53.69 C$) |
16.76 $ (24.00 C$) |
-55.3 % |
| Cinema, International Release, 1 Seat |
7.00 $ (10.02 C$) |
10.83 $ (15.50 C$) |
+54.7 % |
Childcare | Panama Edit |
Canada Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
446.67 $ (639.54 C$) |
778.04 $ (1,114.00 C$) |
+74.2 % |
| International Primary School, Yearly for 1 Child |
10,425.00 $ (14,926.52 C$) |
11,586.16 $ (16,589.07 C$) |
+11.1 % |
Clothing And Shoes | Panama Edit |
Canada Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
48.27 $ (69.11 C$) |
53.72 $ (76.92 C$) |
+11.3 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
41.15 $ (58.92 C$) |
39.66 $ (56.79 C$) |
-3.6 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
83.67 $ (119.79 C$) |
84.75 $ (121.34 C$) |
+1.3 % |
| 1 Pair of Men Leather Business Shoes |
110.45 $ (158.15 C$) |
103.17 $ (147.72 C$) |
-6.6 % |
Rent Per Month | Panama Edit |
Canada Edit | |
| Apartment (1 bedroom) in City Centre |
922.79 $ (1,321.26 C$) |
1,285.84 $ (1,841.07 C$) |
+39.3 % |
| Apartment (1 bedroom) Outside of Centre |
714.14 $ (1,022.50 C$) |
1,147.46 $ (1,642.94 C$) |
+60.7 % |
| Apartment (3 bedrooms) in City Centre |
1,753.74 $ (2,511.01 C$) |
2,060.89 $ (2,950.78 C$) |
+17.5 % |
| Apartment (3 bedrooms) Outside of Centre |
1,350.00 $ (1,932.93 C$) |
1,780.42 $ (2,549.20 C$) |
+31.9 % |
Buy Apartment Price | Panama Edit |
Canada Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
206.28 $ (295.35 C$) |
603.66 $ (864.32 C$) |
+192.6 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
143.56 $ (205.55 C$) |
425.17 $ (608.76 C$) |
+196.2 % |
Salaries And Financing | Panama Edit |
Canada Edit | |
| Average Monthly Net Salary (After Tax) |
826.28 $ (1,183.07 C$) |
2,736.58 $ (3,918.23 C$) |
+231.2 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.30 | 6.61 | +5.0 % |
| Last update: | March 2025 | March 2025 | |
| Contributors in the past 12 months: | 90 | 3751 |
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