Cost of Living Comparison Between Vancouver and Panama City 
| Indices Difference |  |
|---|---|
| Cost of Living in Panama City is 32.5% lower than in Vancouver (without rent) | |
| Cost of Living Including Rent in Panama City is 40.7% lower than in Vancouver | |
| Rent Prices in Panama City are 53.3% lower than in Vancouver | |
| Restaurant Prices in Panama City are 31.5% lower than in Vancouver | |
| Groceries Prices in Panama City are 38.3% lower than in Vancouver | |
| Local Purchasing Power in Panama City is 54.6% lower than in Vancouver | |
Restaurants | Vancouver Edit |
Panama City Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
25.00 C$ (18.22 $) |
16.13 C$ (11.75 $) |
-35.5 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
120.00 C$ (87.43 $) |
82.35 C$ (60.00 $) |
-31.4 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
15.00 C$ (10.93 $) |
10.98 C$ (8.00 $) |
-26.8 % |
| Domestic Beer (1 pint draught) |
8.00 C$ (5.83 $) |
3.77 C$ (2.75 $) |
-52.8 % |
| Imported Beer (12 oz small bottle) |
9.00 C$ (6.56 $) |
5.49 C$ (4.00 $) |
-39.0 % |
| Cappuccino (regular) |
5.42 C$ (3.95 $) |
5.10 C$ (3.72 $) |
-6.0 % |
| Coke/Pepsi (12 oz small bottle) |
2.94 C$ (2.14 $) |
2.42 C$ (1.77 $) |
-17.5 % |
| Water (12 oz small bottle) |
2.61 C$ (1.90 $) |
1.82 C$ (1.33 $) |
-30.2 % |
Markets | Vancouver Edit |
Panama City Edit | |
| Milk (regular), (1 gallon) |
11.33 C$ (8.25 $) |
9.16 C$ (6.68 $) |
-19.1 % |
| Loaf of Fresh White Bread (1 lb) |
3.81 C$ (2.78 $) |
3.03 C$ (2.21 $) |
-20.5 % |
| Rice (white), (1 lb) |
2.73 C$ (1.99 $) |
1.31 C$ (0.95 $) |
-52.1 % |
| Eggs (regular) (12) |
5.61 C$ (4.09 $) |
3.49 C$ (2.54 $) |
-37.8 % |
| Local Cheese (1 lb) |
8.22 C$ (5.99 $) |
6.77 C$ (4.93 $) |
-17.7 % |
| Chicken Fillets (1 lb) |
9.61 C$ (7.00 $) |
4.69 C$ (3.42 $) |
-51.2 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
11.16 C$ (8.13 $) |
5.58 C$ (4.07 $) |
-50.0 % |
| Apples (1 lb) |
2.80 C$ (2.04 $) |
1.92 C$ (1.40 $) |
-31.3 % |
| Banana (1 lb) |
0.83 C$ (0.61 $) |
0.86 C$ (0.62 $) |
+2.7 % |
| Oranges (1 lb) |
2.39 C$ (1.74 $) |
1.78 C$ (1.30 $) |
-25.6 % |
| Tomato (1 lb) |
2.96 C$ (2.16 $) |
1.93 C$ (1.41 $) |
-34.9 % |
| Potato (1 lb) |
2.01 C$ (1.46 $) |
1.29 C$ (0.94 $) |
-35.6 % |
| Onion (1 lb) |
1.72 C$ (1.26 $) |
1.34 C$ (0.97 $) |
-22.4 % |
| Lettuce (1 head) |
3.57 C$ (2.60 $) |
2.99 C$ (2.18 $) |
-16.4 % |
| Water (1.5 liter bottle) |
2.70 C$ (1.96 $) |
1.97 C$ (1.44 $) |
-26.9 % |
| Bottle of Wine (Mid-Range) |
20.00 C$ (14.57 $) |
12.35 C$ (9.00 $) |
-38.2 % |
| Domestic Beer (0.5 liter bottle) |
4.61 C$ (3.36 $) |
1.64 C$ (1.20 $) |
-64.4 % |
| Imported Beer (12 oz small bottle) |
4.62 C$ (3.37 $) |
2.55 C$ (1.86 $) |
-44.9 % |
| Cigarettes 20 Pack (Marlboro) |
20.07 C$ (14.63 $) |
7.89 C$ (5.75 $) |
-60.7 % |
Transportation | Vancouver Edit |
Panama City Edit | |
| One-way Ticket (Local Transport) |
3.15 C$ (2.30 $) |
0.48 C$ (0.35 $) |
-84.8 % |
| Monthly Pass (Regular Price) |
140.00 C$ (102.01 $) |
34.31 C$ (25.00 $) |
-75.5 % |
| Taxi Start (Normal Tariff) |
3.88 C$ (2.82 $) |
2.74 C$ (2.00 $) |
-29.2 % |
| Taxi 1 mile (Normal Tariff) |
3.45 C$ (2.52 $) |
3.59 C$ (2.62 $) |
+4.0 % |
| Taxi 1hour Waiting (Normal Tariff) |
36.29 C$ (26.44 $) |
27.45 C$ (20.00 $) |
-24.4 % |
| Gasoline (1 gallon) |
7.44 C$ (5.42 $) |
5.10 C$ (3.71 $) |
-31.5 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
33,978.00 C$ (24,757.17 $) |
30,537.03 C$ (22,250.00 $) |
-10.1 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
28,345.04 C$ (20,652.86 $) |
28,127.62 C$ (20,494.44 $) |
-0.8 % |
Utilities (Monthly) | Vancouver Edit |
Panama City Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
147.45 C$ (107.43 $) |
154.31 C$ (112.43 $) |
+4.7 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
63.67 C$ (46.39 $) |
40.32 C$ (29.38 $) |
-36.7 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
78.79 C$ (57.41 $) |
70.50 C$ (51.37 $) |
-10.5 % |
Sports And Leisure | Vancouver Edit |
Panama City Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
54.88 C$ (39.98 $) |
56.18 C$ (40.93 $) |
+2.4 % |
| Tennis Court Rent (1 Hour on Weekend) |
15.84 C$ (11.54 $) |
34.31 C$ (25.00 $) |
+116.6 % |
| Cinema, International Release, 1 Seat |
18.00 C$ (13.12 $) |
9.61 C$ (7.00 $) |
-46.6 % |
Childcare | Vancouver Edit |
Panama City Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
1,550.00 C$ (1,129.37 $) |
531.82 C$ (387.50 $) |
-65.7 % |
| International Primary School, Yearly for 1 Child |
20,100.00 C$ (14,645.33 $) |
13,279.49 C$ (9,675.75 $) |
-33.9 % |
Clothing And Shoes | Vancouver Edit |
Panama City Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
85.54 C$ (62.33 $) |
74.03 C$ (53.94 $) |
-13.5 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
56.91 C$ (41.47 $) |
55.98 C$ (40.79 $) |
-1.6 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
135.46 C$ (98.70 $) |
113.34 C$ (82.58 $) |
-16.3 % |
| 1 Pair of Men Leather Business Shoes |
168.58 C$ (122.83 $) |
127.44 C$ (92.86 $) |
-24.4 % |
Rent Per Month | Vancouver Edit |
Panama City Edit | |
| Apartment (1 bedroom) in City Centre |
2,792.25 C$ (2,034.50 $) |
1,270.76 C$ (925.91 $) |
-54.5 % |
| Apartment (1 bedroom) Outside of Centre |
2,315.24 C$ (1,686.93 $) |
821.56 C$ (598.61 $) |
-64.5 % |
| Apartment (3 bedrooms) in City Centre |
5,023.61 C$ (3,660.32 $) |
2,810.78 C$ (2,048.00 $) |
-44.0 % |
| Apartment (3 bedrooms) Outside of Centre |
3,865.83 C$ (2,816.74 $) |
1,638.87 C$ (1,194.12 $) |
-57.6 % |
Buy Apartment Price | Vancouver Edit |
Panama City Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
1,455.23 C$ (1,060.32 $) |
313.75 C$ (228.61 $) |
-78.4 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
930.14 C$ (677.72 $) |
185.79 C$ (135.37 $) |
-80.0 % |
Salaries And Financing | Vancouver Edit |
Panama City Edit | |
| Average Monthly Net Salary (After Tax) |
4,396.75 C$ (3,203.58 $) |
1,182.84 C$ (861.84 $) |
-73.1 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.54 | 6.07 | -7.2 % |
| Last update: | May 2024 | May 2024 | |
| Contributors in the past 12 months: | 551 | 88 |
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