Cost of Living Comparison Between Montreal and Panama City 
| Indices Difference |  |
|---|---|
| Consumer Prices in Panama City are 23.8% lower than in Montreal (without rent) | |
| Consumer Prices Including Rent in Panama City are 22.6% lower than in Montreal | |
| Rent Prices in Panama City are 19.9% lower than in Montreal | |
| Restaurant Prices in Panama City are 30.2% lower than in Montreal | |
| Groceries Prices in Panama City are 27.4% lower than in Montreal | |
| Local Purchasing Power in Panama City is 59.0% lower than in Montreal | |
Restaurants | Montreal Edit |
Panama City Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
25.00 C$ (18.17 $) |
16.17 C$ (11.75 $) |
-35.3 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
120.00 C$ (87.20 $) |
82.57 C$ (60.00 $) |
-31.2 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
15.00 C$ (10.90 $) |
11.35 C$ (8.25 $) |
-24.3 % |
| Domestic Beer (1 pint draught) |
8.00 C$ (5.81 $) |
4.13 C$ (3.00 $) |
-48.4 % |
| Imported Beer (12 oz small bottle) |
8.00 C$ (5.81 $) |
5.50 C$ (4.00 $) |
-31.2 % |
| Cappuccino (regular) |
5.23 C$ (3.80 $) |
5.11 C$ (3.72 $) |
-2.1 % |
| Coke/Pepsi (12 oz small bottle) |
2.81 C$ (2.04 $) |
2.48 C$ (1.81 $) |
-11.6 % |
| Water (12 oz small bottle) |
2.07 C$ (1.50 $) |
1.84 C$ (1.33 $) |
-11.1 % |
Markets | Montreal Edit |
Panama City Edit | |
| Milk (regular), (1 gallon) |
10.78 C$ (7.83 $) |
9.06 C$ (6.58 $) |
-16.0 % |
| Loaf of Fresh White Bread (1 lb) |
3.90 C$ (2.83 $) |
3.04 C$ (2.21 $) |
-22.0 % |
| Rice (white), (1 lb) |
2.06 C$ (1.50 $) |
1.27 C$ (0.93 $) |
-38.2 % |
| Eggs (regular) (12) |
4.55 C$ (3.30 $) |
3.46 C$ (2.52 $) |
-23.9 % |
| Local Cheese (1 lb) |
7.52 C$ (5.47 $) |
6.79 C$ (4.93 $) |
-9.8 % |
| Chicken Fillets (1 lb) |
7.52 C$ (5.46 $) |
4.66 C$ (3.39 $) |
-38.0 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
8.89 C$ (6.46 $) |
5.59 C$ (4.06 $) |
-37.1 % |
| Apples (1 lb) |
2.21 C$ (1.61 $) |
1.88 C$ (1.36 $) |
-15.3 % |
| Banana (1 lb) |
0.92 C$ (0.67 $) |
0.89 C$ (0.65 $) |
-3.5 % |
| Oranges (1 lb) |
2.41 C$ (1.75 $) |
1.78 C$ (1.30 $) |
-26.2 % |
| Tomato (1 lb) |
2.79 C$ (2.03 $) |
1.97 C$ (1.43 $) |
-29.5 % |
| Potato (1 lb) |
1.30 C$ (0.94 $) |
1.29 C$ (0.94 $) |
-0.3 % |
| Onion (1 lb) |
1.48 C$ (1.07 $) |
1.31 C$ (0.96 $) |
-11.0 % |
| Lettuce (1 head) |
3.39 C$ (2.46 $) |
3.00 C$ (2.18 $) |
-11.6 % |
| Water (1.5 liter bottle) |
2.35 C$ (1.71 $) |
1.98 C$ (1.44 $) |
-15.5 % |
| Bottle of Wine (Mid-Range) |
20.00 C$ (14.53 $) |
11.70 C$ (8.50 $) |
-41.5 % |
| Domestic Beer (0.5 liter bottle) |
4.54 C$ (3.30 $) |
1.69 C$ (1.23 $) |
-62.8 % |
| Imported Beer (12 oz small bottle) |
4.48 C$ (3.25 $) |
2.66 C$ (1.93 $) |
-40.7 % |
| Cigarettes 20 Pack (Marlboro) |
15.00 C$ (10.90 $) |
8.26 C$ (6.00 $) |
-45.0 % |
Transportation | Montreal Edit |
Panama City Edit | |
| One-way Ticket (Local Transport) |
3.75 C$ (2.72 $) |
0.48 C$ (0.35 $) |
-87.2 % |
| Monthly Pass (Regular Price) |
97.00 C$ (70.48 $) |
34.40 C$ (25.00 $) |
-64.5 % |
| Taxi Start (Normal Tariff) |
4.55 C$ (3.31 $) |
3.10 C$ (2.25 $) |
-31.9 % |
| Taxi 1 mile (Normal Tariff) |
3.22 C$ (2.34 $) |
3.32 C$ (2.41 $) |
+3.2 % |
| Taxi 1hour Waiting (Normal Tariff) |
53.10 C$ (38.59 $) |
27.52 C$ (20.00 $) |
-48.2 % |
| Gasoline (1 gallon) |
6.48 C$ (4.71 $) |
5.11 C$ (3.71 $) |
-21.1 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
33,978.00 C$ (24,690.08 $) |
30,620.00 C$ (22,250.00 $) |
-9.9 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
27,677.92 C$ (20,112.14 $) |
28,204.04 C$ (20,494.44 $) |
+1.9 % |
Utilities (Monthly) | Montreal Edit |
Panama City Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
108.70 C$ (78.99 $) |
156.60 C$ (113.79 $) |
+44.1 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
52.92 C$ (38.45 $) |
40.37 C$ (29.33 $) |
-23.7 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
61.51 C$ (44.70 $) |
70.31 C$ (51.09 $) |
+14.3 % |
Sports And Leisure | Montreal Edit |
Panama City Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
44.35 C$ (32.23 $) |
57.11 C$ (41.50 $) |
+28.8 % |
| Tennis Court Rent (1 Hour on Weekend) |
22.50 C$ (16.35 $) |
34.40 C$ (25.00 $) |
+52.9 % |
| Cinema, International Release, 1 Seat |
15.00 C$ (10.90 $) |
9.63 C$ (7.00 $) |
-35.8 % |
Childcare | Montreal Edit |
Panama City Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
930.71 C$ (676.30 $) |
561.65 C$ (408.12 $) |
-39.7 % |
| International Primary School, Yearly for 1 Child |
9,369.23 C$ (6,808.14 $) |
13,315.57 C$ (9,675.75 $) |
+42.1 % |
Clothing And Shoes | Montreal Edit |
Panama City Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
86.92 C$ (63.16 $) |
74.23 C$ (53.94 $) |
-14.6 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
64.67 C$ (46.99 $) |
56.13 C$ (40.79 $) |
-13.2 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
119.17 C$ (86.59 $) |
113.64 C$ (82.58 $) |
-4.6 % |
| 1 Pair of Men Leather Business Shoes |
143.07 C$ (103.96 $) |
127.79 C$ (92.86 $) |
-10.7 % |
Rent Per Month | Montreal Edit |
Panama City Edit | |
| Apartment (1 bedroom) in City Centre |
1,674.91 C$ (1,217.07 $) |
1,291.32 C$ (938.33 $) |
-22.9 % |
| Apartment (1 bedroom) Outside of Centre |
1,317.10 C$ (957.07 $) |
845.63 C$ (614.47 $) |
-35.8 % |
| Apartment (3 bedrooms) in City Centre |
2,950.00 C$ (2,143.61 $) |
2,688.84 C$ (1,953.85 $) |
-8.9 % |
| Apartment (3 bedrooms) Outside of Centre |
2,114.73 C$ (1,536.67 $) |
1,628.48 C$ (1,183.33 $) |
-23.0 % |
Buy Apartment Price | Montreal Edit |
Panama City Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
951.88 C$ (691.68 $) |
314.60 C$ (228.61 $) |
-66.9 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
543.74 C$ (395.11 $) |
186.30 C$ (135.37 $) |
-65.7 % |
Salaries And Financing | Montreal Edit |
Panama City Edit | |
| Average Monthly Net Salary (After Tax) |
3,738.21 C$ (2,716.37 $) |
1,186.05 C$ (861.84 $) |
-68.3 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.36 | 6.07 | -4.5 % |
| Last update: | April 2024 | April 2024 | |
| Contributors in the past 12 months: | 419 | 86 |
Moving to Montreal? Explore:
Cities near Montreal: | Cost of Living in Longueuil | 8.36 miles |
| Cost of Living in Sainte-Martine | 25.85 miles |
| Cost of Living in Sherbrooke | 99.30 miles |
| Cost of Living in Gatineau | 112.36 miles |
| Cost of Living in Ottawa | 119.48 miles |
| Cost of Living in Quebec City | 157.18 miles |
| Cost of Living in Kingston | 176.74 miles |
| Cost of Living in Belleville | 220.82 miles |
Cities near Panama City: | Cost of Living in San Miguelito | 8.11 miles |
| Cost of Living in Tocumen | 15.44 miles |
| Cost of Living in Pacora | 19.85 miles |
| Cost of Living in El Coco | 33.93 miles |
| Cost of Living in Aguadulce | 127.78 miles |
| Cost of Living in Santiago | 161.98 miles |