Cost of Living Comparison Between Montreal and Panama City 
| Indices Difference |  |
|---|---|
| Consumer Prices in Panama City are 24.9% lower than in Montreal (without rent) | |
| Consumer Prices Including Rent in Panama City are 23.4% lower than in Montreal | |
| Rent Prices in Panama City are 19.9% lower than in Montreal | |
| Restaurant Prices in Panama City are 30.6% lower than in Montreal | |
| Groceries Prices in Panama City are 28.5% lower than in Montreal | |
| Local Purchasing Power in Panama City is 58.1% lower than in Montreal | |
Restaurants | Montreal Edit |
Panama City Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
25.00 C$ (18.27 $) |
16.42 C$ (12.00 $) |
-34.3 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
120.00 C$ (87.69 $) |
82.10 C$ (60.00 $) |
-31.6 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
15.00 C$ (10.96 $) |
11.29 C$ (8.25 $) |
-24.7 % |
| Domestic Beer (1 pint draught) |
8.25 C$ (6.03 $) |
3.42 C$ (2.50 $) |
-58.5 % |
| Imported Beer (12 oz small bottle) |
8.00 C$ (5.85 $) |
5.47 C$ (4.00 $) |
-31.6 % |
| Cappuccino (regular) |
5.26 C$ (3.85 $) |
5.07 C$ (3.70 $) |
-3.7 % |
| Coke/Pepsi (12 oz small bottle) |
2.84 C$ (2.07 $) |
2.40 C$ (1.76 $) |
-15.2 % |
| Water (12 oz small bottle) |
2.11 C$ (1.54 $) |
1.83 C$ (1.33 $) |
-13.6 % |
Markets | Montreal Edit |
Panama City Edit | |
| Milk (regular), (1 gallon) |
10.98 C$ (8.02 $) |
9.11 C$ (6.66 $) |
-17.0 % |
| Loaf of Fresh White Bread (1 lb) |
3.82 C$ (2.79 $) |
2.98 C$ (2.18 $) |
-22.0 % |
| Rice (white), (1 lb) |
2.04 C$ (1.49 $) |
1.30 C$ (0.95 $) |
-36.2 % |
| Eggs (regular) (12) |
4.58 C$ (3.35 $) |
3.48 C$ (2.54 $) |
-24.0 % |
| Local Cheese (1 lb) |
7.76 C$ (5.67 $) |
6.75 C$ (4.93 $) |
-13.0 % |
| Chicken Fillets (1 lb) |
7.67 C$ (5.61 $) |
4.64 C$ (3.39 $) |
-39.6 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
8.99 C$ (6.57 $) |
5.56 C$ (4.06 $) |
-38.1 % |
| Apples (1 lb) |
2.23 C$ (1.63 $) |
1.92 C$ (1.40 $) |
-14.2 % |
| Banana (1 lb) |
0.89 C$ (0.65 $) |
0.85 C$ (0.62 $) |
-4.5 % |
| Oranges (1 lb) |
2.45 C$ (1.79 $) |
1.77 C$ (1.30 $) |
-27.6 % |
| Tomato (1 lb) |
2.83 C$ (2.07 $) |
1.92 C$ (1.41 $) |
-32.1 % |
| Potato (1 lb) |
1.29 C$ (0.95 $) |
1.29 C$ (0.94 $) |
-0.6 % |
| Onion (1 lb) |
1.46 C$ (1.06 $) |
1.33 C$ (0.97 $) |
-8.3 % |
| Lettuce (1 head) |
3.43 C$ (2.51 $) |
2.98 C$ (2.18 $) |
-13.1 % |
| Water (1.5 liter bottle) |
2.37 C$ (1.73 $) |
1.96 C$ (1.44 $) |
-17.2 % |
| Bottle of Wine (Mid-Range) |
20.00 C$ (14.62 $) |
12.32 C$ (9.00 $) |
-38.4 % |
| Domestic Beer (0.5 liter bottle) |
4.52 C$ (3.30 $) |
1.64 C$ (1.20 $) |
-63.8 % |
| Imported Beer (12 oz small bottle) |
4.48 C$ (3.27 $) |
2.54 C$ (1.86 $) |
-43.3 % |
| Cigarettes 20 Pack (Marlboro) |
15.00 C$ (10.96 $) |
7.87 C$ (5.75 $) |
-47.5 % |
Transportation | Montreal Edit |
Panama City Edit | |
| One-way Ticket (Local Transport) |
3.75 C$ (2.74 $) |
0.48 C$ (0.35 $) |
-87.2 % |
| Monthly Pass (Regular Price) |
97.00 C$ (70.88 $) |
34.21 C$ (25.00 $) |
-64.7 % |
| Taxi Start (Normal Tariff) |
4.75 C$ (3.47 $) |
2.74 C$ (2.00 $) |
-42.4 % |
| Taxi 1 mile (Normal Tariff) |
3.22 C$ (2.35 $) |
3.30 C$ (2.41 $) |
+2.6 % |
| Taxi 1hour Waiting (Normal Tariff) |
60.00 C$ (43.85 $) |
27.37 C$ (20.00 $) |
-54.4 % |
| Gasoline (1 gallon) |
6.52 C$ (4.77 $) |
5.06 C$ (3.69 $) |
-22.5 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
33,978.00 C$ (24,830.19 $) |
30,447.23 C$ (22,250.00 $) |
-10.4 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
27,785.04 C$ (20,304.54 $) |
28,044.91 C$ (20,494.44 $) |
+0.9 % |
Utilities (Monthly) | Montreal Edit |
Panama City Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
111.69 C$ (81.62 $) |
154.15 C$ (112.65 $) |
+38.0 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
52.59 C$ (38.43 $) |
40.14 C$ (29.33 $) |
-23.7 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
60.22 C$ (44.01 $) |
70.91 C$ (51.82 $) |
+17.8 % |
Sports And Leisure | Montreal Edit |
Panama City Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
45.52 C$ (33.26 $) |
56.01 C$ (40.93 $) |
+23.1 % |
| Tennis Court Rent (1 Hour on Weekend) |
22.31 C$ (16.30 $) |
34.21 C$ (25.00 $) |
+53.4 % |
| Cinema, International Release, 1 Seat |
15.00 C$ (10.96 $) |
9.58 C$ (7.00 $) |
-36.1 % |
Childcare | Montreal Edit |
Panama City Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
898.67 C$ (656.72 $) |
558.48 C$ (408.12 $) |
-37.9 % |
| International Primary School, Yearly for 1 Child |
9,057.14 C$ (6,618.71 $) |
13,240.44 C$ (9,675.75 $) |
+46.2 % |
Clothing And Shoes | Montreal Edit |
Panama City Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
88.46 C$ (64.64 $) |
73.81 C$ (53.94 $) |
-16.6 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
66.83 C$ (48.84 $) |
55.81 C$ (40.79 $) |
-16.5 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
119.48 C$ (87.31 $) |
113.00 C$ (82.58 $) |
-5.4 % |
| 1 Pair of Men Leather Business Shoes |
147.61 C$ (107.87 $) |
127.07 C$ (92.86 $) |
-13.9 % |
Rent Per Month | Montreal Edit |
Panama City Edit | |
| Apartment (1 bedroom) in City Centre |
1,661.12 C$ (1,213.90 $) |
1,267.03 C$ (925.91 $) |
-23.7 % |
| Apartment (1 bedroom) Outside of Centre |
1,291.03 C$ (943.45 $) |
819.15 C$ (598.61 $) |
-36.6 % |
| Apartment (3 bedrooms) in City Centre |
3,021.05 C$ (2,207.70 $) |
2,802.51 C$ (2,048.00 $) |
-7.2 % |
| Apartment (3 bedrooms) Outside of Centre |
2,172.22 C$ (1,587.40 $) |
1,634.05 C$ (1,194.12 $) |
-24.8 % |
Buy Apartment Price | Montreal Edit |
Panama City Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
947.30 C$ (692.26 $) |
312.83 C$ (228.61 $) |
-67.0 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
530.53 C$ (387.70 $) |
185.24 C$ (135.37 $) |
-65.1 % |
Salaries And Financing | Montreal Edit |
Panama City Edit | |
| Average Monthly Net Salary (After Tax) |
3,677.40 C$ (2,687.34 $) |
1,179.36 C$ (861.84 $) |
-67.9 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.43 | 6.07 | -5.6 % |
| Last update: | May 2024 | April 2024 | |
| Contributors in the past 12 months: | 427 | 86 |
Moving to Montreal? Explore:
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