Cost of Living Comparison Between Montreal and Panama City 

Indices DifferenceInfo
Consumer Prices in Panama City are 19.8% lower than in Montreal (without rent)
Consumer Prices Including Rent in Panama City are 18.6% lower than in Montreal
Rent Prices in Panama City are 15.5% lower than in Montreal
Restaurant Prices in Panama City are 22.2% lower than in Montreal
Groceries Prices in Panama City are 22.1% lower than in Montreal
Local Purchasing Power in Panama City is 63.8% lower than in Montreal
Currency: Sticky Currency      Switch to metric measurement units
Restaurants
Montreal Edit Panama City Edit Difference
Meal, Inexpensive Restaurant 20.00 C$
(14.61 $)
13.69 C$
(10.00 $)
     -31.6 %
Meal for 2 People, Mid-range Restaurant, Three-course 95.00 C$
(69.40 $)
82.13 C$
(60.00 $)
     -13.5 %
McMeal at McDonalds (or Equivalent Combo Meal) 14.00 C$
(10.23 $)
9.58 C$
(7.00 $)
     -31.6 %
Domestic Beer (1 pint draught) 7.00 C$
(5.11 $)
3.42 C$
(2.50 $)
     -51.1 %
Imported Beer (12 oz small bottle) 8.00 C$
(5.84 $)
5.48 C$
(4.00 $)
     -31.6 %
Cappuccino (regular) 4.77 C$
(3.48 $)
4.75 C$
(3.47 $)
     -0.5 %
Coke/Pepsi (12 oz small bottle) 2.45 C$
(1.79 $)
2.37 C$
(1.73 $)
     -3.3 %
Water (12 oz small bottle) 1.76 C$
(1.28 $)
1.86 C$
(1.36 $)
     +5.7 %
Markets
Montreal Edit Panama City Edit
Milk (regular), (1 gallon) 10.80 C$
(7.89 $)
8.44 C$
(6.17 $)
     -21.8 %
Loaf of Fresh White Bread (1 lb) 3.40 C$
(2.48 $)
2.91 C$
(2.13 $)
     -14.4 %
Rice (white), (1 lb) 1.83 C$
(1.34 $)
1.27 C$
(0.93 $)
     -30.6 %
Eggs (regular) (12) 4.01 C$
(2.93 $)
3.02 C$
(2.20 $)
     -24.7 %
Local Cheese (1 lb) 7.28 C$
(5.32 $)
5.66 C$
(4.14 $)
     -22.3 %
Chicken Fillets (1 lb) 7.09 C$
(5.18 $)
4.42 C$
(3.23 $)
     -37.6 %
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 7.84 C$
(5.73 $)
5.48 C$
(4.00 $)
     -30.2 %
Apples (1 lb) 1.92 C$
(1.41 $)
1.95 C$
(1.43 $)
     +1.4 %
Banana (1 lb) 0.95 C$
(0.70 $)
0.82 C$
(0.60 $)
     -13.9 %
Oranges (1 lb) 1.98 C$
(1.44 $)
1.86 C$
(1.36 $)
     -6.1 %
Tomato (1 lb) 2.29 C$
(1.67 $)
2.09 C$
(1.53 $)
     -8.8 %
Potato (1 lb) 1.15 C$
(0.84 $)
1.22 C$
(0.89 $)
     +6.4 %
Onion (1 lb) 1.37 C$
(1.00 $)
1.22 C$
(0.89 $)
     -11.2 %
Lettuce (1 head) 3.15 C$
(2.30 $)
3.20 C$
(2.34 $)
     +1.7 %
Water (1.5 liter bottle) 2.25 C$
(1.64 $)
2.14 C$
(1.56 $)
     -4.9 %
Bottle of Wine (Mid-Range) 16.00 C$
(11.69 $)
12.32 C$
(9.00 $)
     -23.0 %
Domestic Beer (0.5 liter bottle) 3.18 C$
(2.32 $)
1.72 C$
(1.26 $)
     -45.9 %
Imported Beer (12 oz small bottle) 3.62 C$
(2.65 $)
2.42 C$
(1.76 $)
     -33.4 %
Cigarettes 20 Pack (Marlboro) 15.00 C$
(10.96 $)
7.90 C$
(5.78 $)
     -47.3 %
Transportation
Montreal Edit Panama City Edit
One-way Ticket (Local Transport) 3.50 C$
(2.56 $)
0.48 C$
(0.35 $)
     -86.3 %
Monthly Pass (Regular Price) 94.00 C$
(68.67 $)
34.22 C$
(25.00 $)
     -63.6 %
Taxi Start (Normal Tariff) 4.10 C$
(3.00 $)
2.74 C$
(2.00 $)
     -33.2 %
Taxi 1 mile (Normal Tariff) 2.82 C$
(2.06 $)
4.08 C$
(2.98 $)
     +44.7 %
Taxi 1hour Waiting (Normal Tariff) 41.25 C$
(30.14 $)
27.38 C$
(20.00 $)
     -33.6 %
Gasoline (1 gallon) 6.74 C$
(4.92 $)
5.72 C$
(4.18 $)
     -15.1 %
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 30,000.00 C$
(21,916.70 $)
30,456.22 C$
(22,250.00 $)
     +1.5 %
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 26,296.04 C$
(19,210.75 $)
27,292.73 C$
(19,938.89 $)
     +3.8 %
Utilities (Monthly)
Montreal Edit Panama City Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 104.61 C$
(76.42 $)
147.37 C$
(107.66 $)
     +40.9 %
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 0.51 C$
(0.37 $)
0.19 C$
(0.14 $)
     -63.0 %
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 61.89 C$
(45.21 $)
68.41 C$
(49.98 $)
     +10.5 %
Sports And Leisure
Montreal Edit Panama City Edit
Fitness Club, Monthly Fee for 1 Adult 37.95 C$
(27.73 $)
58.57 C$
(42.79 $)
     +54.3 %
Tennis Court Rent (1 Hour on Weekend) 19.59 C$
(14.31 $)
29.94 C$
(21.88 $)
     +52.8 %
Cinema, International Release, 1 Seat 14.50 C$
(10.59 $)
8.21 C$
(6.00 $)
     -43.3 %
Childcare
Montreal Edit Panama City Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 915.50 C$
(668.82 $)
575.76 C$
(420.62 $)
     -37.1 %
International Primary School, Yearly for 1 Child 11,890.91 C$
(8,686.98 $)
12,789.85 C$
(9,343.71 $)
     +7.6 %
Clothing And Shoes
Montreal Edit Panama City Edit
1 Pair of Jeans (Levis 501 Or Similar) 81.55 C$
(59.58 $)
73.23 C$
(53.50 $)
     -10.2 %
1 Summer Dress in a Chain Store (Zara, H&M, ...) 50.46 C$
(36.87 $)
56.58 C$
(41.33 $)
     +12.1 %
1 Pair of Nike Running Shoes (Mid-Range) 122.83 C$
(89.73 $)
102.50 C$
(74.88 $)
     -16.6 %
1 Pair of Men Leather Business Shoes 154.60 C$
(112.95 $)
124.11 C$
(90.67 $)
     -19.7 %
Rent Per Month
Montreal Edit Panama City Edit
Apartment (1 bedroom) in City Centre 1,438.09 C$
(1,050.61 $)
1,233.18 C$
(900.91 $)
     -14.2 %
Apartment (1 bedroom) Outside of Centre 1,106.33 C$
(808.23 $)
705.59 C$
(515.48 $)
     -36.2 %
Apartment (3 bedrooms) in City Centre 2,520.09 C$
(1,841.07 $)
2,538.27 C$
(1,854.35 $)
     +0.7 %
Apartment (3 bedrooms) Outside of Centre 1,876.14 C$
(1,370.62 $)
1,372.24 C$
(1,002.50 $)
     -26.9 %
Buy Apartment Price
Montreal Edit Panama City Edit
Price per Square Feet to Buy Apartment in City Centre 778.15 C$
(568.48 $)
300.11 C$
(219.25 $)
     -61.4 %
Price per Square Feet to Buy Apartment Outside of Centre 441.12 C$
(322.26 $)
173.30 C$
(126.61 $)
     -60.7 %
Salaries And Financing
Montreal Edit Panama City Edit
Average Monthly Net Salary (After Tax) 3,838.15 C$
(2,803.98 $)
1,130.91 C$
(826.19 $)
     -70.5 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.31 5.99      +12.7 %
Last update: March 2023March 2023
Contributors in the past 12 months:49096