Cost of Living Comparison Between Montreal and Panama City 
| Indices Difference |  |
|---|---|
| Consumer Prices in Panama City are 7.95% lower than in Montreal | |
| Consumer Prices Including Rent in Panama City are 7.52% lower than in Montreal | |
| Rent Prices in Panama City are 6.45% lower than in Montreal | |
| Restaurant Prices in Panama City are 2.55% lower than in Montreal | |
| Groceries Prices in Panama City are 10.98% lower than in Montreal | |
| Local Purchasing Power in Panama City is 61.63% lower than in Montreal | |
| Restaurants | Montreal[ Edit ] | Panama City[ Edit ] | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
15.00 C$ (11.21 $) |
15.38 C$ (11.50 $) |
+2.57 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
65.00 C$ (48.59 $) |
66.89 C$ (50.00 $) |
+2.91 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
11.00 C$ (8.22 $) |
10.70 C$ (8.00 $) |
-2.70 % |
| Domestic Beer (1 pint draught) |
7.00 C$ (5.23 $) |
3.34 C$ (2.50 $) |
-52.22 % |
| Imported Beer (12 oz small bottle) |
8.00 C$ (5.98 $) |
5.35 C$ (4.00 $) |
-33.11 % |
| Cappuccino (regular) |
3.96 C$ (2.96 $) |
4.22 C$ (3.15 $) |
+6.48 % |
| Coke/Pepsi (12 oz small bottle) |
2.06 C$ (1.54 $) |
1.92 C$ (1.44 $) |
-6.89 % |
| Water (12 oz small bottle) |
1.59 C$ (1.19 $) |
1.58 C$ (1.18 $) |
-0.86 % |
| Markets | Montreal[ Edit ] | Panama City[ Edit ] | |
| Milk (regular), (1 gallon) |
8.89 C$ (6.65 $) |
7.77 C$ (5.81 $) |
-12.57 % |
| Loaf of Fresh White Bread (1 lb) |
3.12 C$ (2.34 $) |
2.47 C$ (1.85 $) |
-20.87 % |
| Rice (white), (1 lb) |
1.41 C$ (1.05 $) |
1.14 C$ (0.85 $) |
-19.40 % |
| Eggs (regular) (12) |
3.32 C$ (2.48 $) |
2.92 C$ (2.18 $) |
-12.01 % |
| Local Cheese (1 lb) |
7.58 C$ (5.67 $) |
6.29 C$ (4.71 $) |
-16.99 % |
| Chicken Fillets (1 lb) |
6.49 C$ (4.85 $) |
4.67 C$ (3.49 $) |
-28.07 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
7.85 C$ (5.86 $) |
7.38 C$ (5.51 $) |
-5.99 % |
| Apples (1 lb) |
1.73 C$ (1.29 $) |
2.29 C$ (1.71 $) |
+32.49 % |
| Banana (1 lb) |
0.89 C$ (0.67 $) |
1.05 C$ (0.78 $) |
+17.14 % |
| Oranges (1 lb) |
1.90 C$ (1.42 $) |
1.66 C$ (1.24 $) |
-12.70 % |
| Tomato (1 lb) |
2.05 C$ (1.53 $) |
1.77 C$ (1.32 $) |
-13.63 % |
| Potato (1 lb) |
1.06 C$ (0.80 $) |
1.38 C$ (1.03 $) |
+30.00 % |
| Onion (1 lb) |
1.14 C$ (0.86 $) |
1.44 C$ (1.08 $) |
+26.06 % |
| Lettuce (1 head) |
2.49 C$ (1.86 $) |
2.80 C$ (2.09 $) |
+12.62 % |
| Water (1.5 liter bottle) |
2.05 C$ (1.53 $) |
1.94 C$ (1.45 $) |
-5.40 % |
| Bottle of Wine (Mid-Range) |
15.00 C$ (11.21 $) |
12.04 C$ (9.00 $) |
-19.73 % |
| Domestic Beer (0.5 liter bottle) |
2.73 C$ (2.04 $) |
1.35 C$ (1.01 $) |
-50.65 % |
| Imported Beer (12 oz small bottle) |
3.32 C$ (2.48 $) |
3.07 C$ (2.29 $) |
-7.64 % |
| Cigarettes 20 Pack (Marlboro) |
12.32 C$ (9.21 $) |
8.03 C$ (6.00 $) |
-34.87 % |
| Transportation | Montreal[ Edit ] | Panama City[ Edit ] | |
| One-way Ticket (Local Transport) |
3.50 C$ (2.62 $) |
0.33 C$ (0.25 $) |
-90.44 % |
| Monthly Pass (Regular Price) |
86.50 C$ (64.66 $) |
26.76 C$ (20.00 $) |
-69.07 % |
| Taxi Start (Normal Tariff) |
3.50 C$ (2.62 $) |
2.68 C$ (2.00 $) |
-23.55 % |
| Taxi 1 mile (Normal Tariff) |
2.82 C$ (2.11 $) |
4.31 C$ (3.22 $) |
+52.89 % |
| Taxi 1hour Waiting (Normal Tariff) |
39.00 C$ (29.15 $) |
13.38 C$ (10.00 $) |
-65.70 % |
| Gasoline (1 gallon) |
4.60 C$ (3.44 $) |
4.01 C$ (3.00 $) |
-12.79 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
24,500.00 C$ (18,313.51 $) |
25,418.39 C$ (19,000.00 $) |
+3.75 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
24,970.59 C$ (18,665.27 $) |
26,047.16 C$ (19,470.00 $) |
+4.31 % |
| Utilities (Monthly) | Montreal[ Edit ] | Panama City[ Edit ] | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
99.02 C$ (74.02 $) |
137.66 C$ (102.90 $) |
+39.02 % |
| 1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) |
0.32 C$ (0.24 $) |
0.17 C$ (0.13 $) |
-46.99 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
62.66 C$ (46.84 $) |
65.21 C$ (48.75 $) |
+4.07 % |
| Sports And Leisure | Montreal[ Edit ] | Panama City[ Edit ] | |
| Fitness Club, Monthly Fee for 1 Adult |
32.17 C$ (24.05 $) |
68.01 C$ (50.84 $) |
+111.39 % |
| Tennis Court Rent (1 Hour on Weekend) |
18.20 C$ (13.60 $) |
34.78 C$ (26.00 $) |
+91.12 % |
| Cinema, International Release, 1 Seat |
14.00 C$ (10.46 $) |
8.70 C$ (6.50 $) |
-37.89 % |
| Childcare | Montreal[ Edit ] | Panama City[ Edit ] | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
675.44 C$ (504.88 $) |
383.90 C$ (286.96 $) |
-43.16 % |
| International Primary School, Yearly for 1 Child |
8,613.64 C$ (6,438.61 $) |
10,863.02 C$ (8,120.00 $) |
+26.11 % |
| Clothing And Shoes | Montreal[ Edit ] | Panama City[ Edit ] | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
67.47 C$ (50.43 $) |
68.64 C$ (51.30 $) |
+1.73 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
46.00 C$ (34.38 $) |
53.82 C$ (40.23 $) |
+16.99 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
104.12 C$ (77.83 $) |
87.95 C$ (65.74 $) |
-15.53 % |
| 1 Pair of Men Leather Business Shoes |
123.85 C$ (92.58 $) |
120.96 C$ (90.42 $) |
-2.33 % |
| Rent Per Month | Montreal[ Edit ] | Panama City[ Edit ] | |
| Apartment (1 bedroom) in City Centre |
1,288.31 C$ (963.00 $) |
1,210.95 C$ (905.17 $) |
-6.01 % |
| Apartment (1 bedroom) Outside of Centre |
830.91 C$ (621.10 $) |
810.40 C$ (605.77 $) |
-2.47 % |
| Apartment (3 bedrooms) in City Centre |
2,215.75 C$ (1,656.25 $) |
2,047.71 C$ (1,530.65 $) |
-7.58 % |
| Apartment (3 bedrooms) Outside of Centre |
1,433.03 C$ (1,071.18 $) |
1,327.11 C$ (992.00 $) |
-7.39 % |
| Buy Apartment Price | Montreal[ Edit ] | Panama City[ Edit ] | |
| Price per Square Feet to Buy Apartment in City Centre |
532.48 C$ (398.03 $) |
277.92 C$ (207.74 $) |
-47.81 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
321.73 C$ (240.49 $) |
212.24 C$ (158.65 $) |
-34.03 % |
| Salaries And Financing | Montreal[ Edit ] | Panama City[ Edit ] | |
| Average Monthly Net Salary (After Tax) |
3,129.21 C$ (2,339.05 $) |
1,110.30 C$ (829.94 $) |
-64.52 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 3.41 | 5.38 | +57.62 % |
| Last update: | August 2020 | August 2020 | |
| Contributors in the past 12 months: | 625 | 129 | |
| Currency: CAD |