Cost of Living Comparison Between Vancouver and Panama City 
| Indices Difference |  |
|---|---|
| Consumer Prices in Panama City are 33.1% lower than in Vancouver (without rent) | |
| Consumer Prices Including Rent in Panama City are 41.2% lower than in Vancouver | |
| Rent Prices in Panama City are 53.5% lower than in Vancouver | |
| Restaurant Prices in Panama City are 31.2% lower than in Vancouver | |
| Groceries Prices in Panama City are 39.0% lower than in Vancouver | |
| Local Purchasing Power in Panama City is 54.5% lower than in Vancouver | |
Restaurants | Vancouver Edit |
Panama City Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
25.00 C$ (18.28 $) |
16.41 C$ (12.00 $) |
-34.4 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
120.00 C$ (87.74 $) |
82.06 C$ (60.00 $) |
-31.6 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
15.00 C$ (10.97 $) |
11.28 C$ (8.25 $) |
-24.8 % |
| Domestic Beer (1 pint draught) |
8.00 C$ (5.85 $) |
3.42 C$ (2.50 $) |
-57.3 % |
| Imported Beer (12 oz small bottle) |
9.00 C$ (6.58 $) |
5.47 C$ (4.00 $) |
-39.2 % |
| Cappuccino (regular) |
5.45 C$ (3.99 $) |
5.07 C$ (3.70 $) |
-7.1 % |
| Coke/Pepsi (12 oz small bottle) |
2.94 C$ (2.15 $) |
2.40 C$ (1.76 $) |
-18.2 % |
| Water (12 oz small bottle) |
2.64 C$ (1.93 $) |
1.82 C$ (1.33 $) |
-31.0 % |
Markets | Vancouver Edit |
Panama City Edit | |
| Milk (regular), (1 gallon) |
11.46 C$ (8.38 $) |
9.11 C$ (6.66 $) |
-20.5 % |
| Loaf of Fresh White Bread (1 lb) |
3.81 C$ (2.79 $) |
2.98 C$ (2.18 $) |
-21.8 % |
| Rice (white), (1 lb) |
2.80 C$ (2.05 $) |
1.30 C$ (0.95 $) |
-53.5 % |
| Eggs (regular) (12) |
5.68 C$ (4.15 $) |
3.48 C$ (2.54 $) |
-38.7 % |
| Local Cheese (1 lb) |
8.40 C$ (6.14 $) |
6.75 C$ (4.93 $) |
-19.6 % |
| Chicken Fillets (1 lb) |
9.74 C$ (7.12 $) |
4.63 C$ (3.39 $) |
-52.4 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
11.16 C$ (8.16 $) |
5.56 C$ (4.06 $) |
-50.2 % |
| Apples (1 lb) |
2.80 C$ (2.05 $) |
1.92 C$ (1.40 $) |
-31.5 % |
| Banana (1 lb) |
0.84 C$ (0.61 $) |
0.85 C$ (0.62 $) |
+1.8 % |
| Oranges (1 lb) |
2.39 C$ (1.75 $) |
1.77 C$ (1.30 $) |
-25.8 % |
| Tomato (1 lb) |
3.00 C$ (2.19 $) |
1.92 C$ (1.41 $) |
-36.0 % |
| Potato (1 lb) |
2.03 C$ (1.49 $) |
1.29 C$ (0.94 $) |
-36.8 % |
| Onion (1 lb) |
1.72 C$ (1.26 $) |
1.33 C$ (0.97 $) |
-22.6 % |
| Lettuce (1 head) |
3.57 C$ (2.61 $) |
2.98 C$ (2.18 $) |
-16.7 % |
| Water (1.5 liter bottle) |
2.70 C$ (1.97 $) |
1.96 C$ (1.44 $) |
-27.2 % |
| Bottle of Wine (Mid-Range) |
20.00 C$ (14.62 $) |
12.31 C$ (9.00 $) |
-38.5 % |
| Domestic Beer (0.5 liter bottle) |
4.63 C$ (3.39 $) |
1.63 C$ (1.20 $) |
-64.7 % |
| Imported Beer (12 oz small bottle) |
4.65 C$ (3.40 $) |
2.54 C$ (1.86 $) |
-45.4 % |
| Cigarettes 20 Pack (Marlboro) |
20.07 C$ (14.68 $) |
7.86 C$ (5.75 $) |
-60.8 % |
Transportation | Vancouver Edit |
Panama City Edit | |
| One-way Ticket (Local Transport) |
3.15 C$ (2.30 $) |
0.48 C$ (0.35 $) |
-84.8 % |
| Monthly Pass (Regular Price) |
140.00 C$ (102.37 $) |
34.19 C$ (25.00 $) |
-75.6 % |
| Taxi Start (Normal Tariff) |
3.88 C$ (2.83 $) |
2.74 C$ (2.00 $) |
-29.4 % |
| Taxi 1 mile (Normal Tariff) |
3.45 C$ (2.52 $) |
3.30 C$ (2.41 $) |
-4.4 % |
| Taxi 1hour Waiting (Normal Tariff) |
36.29 C$ (26.53 $) |
27.35 C$ (20.00 $) |
-24.6 % |
| Gasoline (1 gallon) |
7.44 C$ (5.44 $) |
5.05 C$ (3.69 $) |
-32.1 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
33,978.00 C$ (24,844.08 $) |
30,430.21 C$ (22,250.00 $) |
-10.4 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
28,345.04 C$ (20,725.36 $) |
28,029.23 C$ (20,494.44 $) |
-1.1 % |
Utilities (Monthly) | Vancouver Edit |
Panama City Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
149.51 C$ (109.32 $) |
154.06 C$ (112.65 $) |
+3.0 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
66.25 C$ (48.44 $) |
40.12 C$ (29.33 $) |
-39.4 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
79.69 C$ (58.27 $) |
70.87 C$ (51.82 $) |
-11.1 % |
Sports And Leisure | Vancouver Edit |
Panama City Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
56.25 C$ (41.13 $) |
55.98 C$ (40.93 $) |
-0.5 % |
| Tennis Court Rent (1 Hour on Weekend) |
15.84 C$ (11.58 $) |
34.19 C$ (25.00 $) |
+115.9 % |
| Cinema, International Release, 1 Seat |
18.00 C$ (13.16 $) |
9.57 C$ (7.00 $) |
-46.8 % |
Childcare | Vancouver Edit |
Panama City Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
1,550.00 C$ (1,133.33 $) |
558.17 C$ (408.12 $) |
-64.0 % |
| International Primary School, Yearly for 1 Child |
20,100.00 C$ (14,696.74 $) |
13,233.04 C$ (9,675.75 $) |
-34.2 % |
Clothing And Shoes | Vancouver Edit |
Panama City Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
84.16 C$ (61.54 $) |
73.77 C$ (53.94 $) |
-12.4 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
58.00 C$ (42.41 $) |
55.78 C$ (40.79 $) |
-3.8 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
136.08 C$ (99.50 $) |
112.94 C$ (82.58 $) |
-17.0 % |
| 1 Pair of Men Leather Business Shoes |
168.58 C$ (123.26 $) |
127.00 C$ (92.86 $) |
-24.7 % |
Rent Per Month | Vancouver Edit |
Panama City Edit | |
| Apartment (1 bedroom) in City Centre |
2,800.21 C$ (2,047.46 $) |
1,266.32 C$ (925.91 $) |
-54.8 % |
| Apartment (1 bedroom) Outside of Centre |
2,303.85 C$ (1,684.53 $) |
818.69 C$ (598.61 $) |
-64.5 % |
| Apartment (3 bedrooms) in City Centre |
5,060.45 C$ (3,700.11 $) |
2,800.95 C$ (2,048.00 $) |
-44.7 % |
| Apartment (3 bedrooms) Outside of Centre |
3,855.51 C$ (2,819.08 $) |
1,633.13 C$ (1,194.12 $) |
-57.6 % |
Buy Apartment Price | Vancouver Edit |
Panama City Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
1,455.23 C$ (1,064.04 $) |
312.65 C$ (228.61 $) |
-78.5 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
931.91 C$ (681.40 $) |
185.14 C$ (135.37 $) |
-80.1 % |
Salaries And Financing | Vancouver Edit |
Panama City Edit | |
| Average Monthly Net Salary (After Tax) |
4,406.20 C$ (3,221.73 $) |
1,178.70 C$ (861.84 $) |
-73.2 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.54 | 6.07 | -7.1 % |
| Last update: | May 2024 | April 2024 | |
| Contributors in the past 12 months: | 530 | 86 |
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