Cost of Living Comparison Between Montreal and Panama City 

Indices DifferenceInfo
Consumer Prices in Panama City are 19.18% lower than in Montreal (without rent)
Consumer Prices Including Rent in Panama City are 17.55% lower than in Montreal
Rent Prices in Panama City are 13.49% lower than in Montreal
Restaurant Prices in Panama City are 18.92% lower than in Montreal
Groceries Prices in Panama City are 22.91% lower than in Montreal
Local Purchasing Power in Panama City is 64.63% lower than in Montreal
Currency: Sticky Currency      Switch to metric measurement units
Restaurants
Montreal Edit Panama City Edit Difference
Meal, Inexpensive Restaurant 15.00 C$
(12.22 $)
12.27 C$
(10.00 $)
     -18.19 %
Meal for 2 People, Mid-range Restaurant, Three-course 74.37 C$
(60.60 $)
61.36 C$
(50.00 $)
     -17.49 %
McMeal at McDonalds (or Equivalent Combo Meal) 12.00 C$
(9.78 $)
9.20 C$
(7.50 $)
     -23.30 %
Domestic Beer (1 pint draught) 6.00 C$
(4.89 $)
3.07 C$
(2.50 $)
     -48.87 %
Imported Beer (12 oz small bottle) 7.00 C$
(5.70 $)
4.91 C$
(4.00 $)
     -29.88 %
Cappuccino (regular) 4.02 C$
(3.28 $)
3.87 C$
(3.15 $)
     -3.84 %
Coke/Pepsi (12 oz small bottle) 2.03 C$
(1.65 $)
1.73 C$
(1.41 $)
     -14.37 %
Water (12 oz small bottle) 1.67 C$
(1.36 $)
1.36 C$
(1.11 $)
     -18.33 %
Markets
Montreal Edit Panama City Edit
Milk (regular), (1 gallon) 9.79 C$
(7.98 $)
6.98 C$
(5.69 $)
     -28.73 %
Loaf of Fresh White Bread (1 lb) 3.14 C$
(2.56 $)
2.08 C$
(1.70 $)
     -33.68 %
Rice (white), (1 lb) 1.50 C$
(1.22 $)
1.30 C$
(1.06 $)
     -13.73 %
Eggs (regular) (12) 3.34 C$
(2.72 $)
2.64 C$
(2.15 $)
     -20.96 %
Local Cheese (1 lb) 7.50 C$
(6.11 $)
5.21 C$
(4.25 $)
     -30.54 %
Chicken Fillets (1 lb) 6.65 C$
(5.42 $)
4.40 C$
(3.58 $)
     -33.84 %
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 8.50 C$
(6.93 $)
6.10 C$
(4.97 $)
     -28.26 %
Apples (1 lb) 1.70 C$
(1.38 $)
1.98 C$
(1.62 $)
     +16.84 %
Banana (1 lb) 0.83 C$
(0.67 $)
1.05 C$
(0.86 $)
     +27.37 %
Oranges (1 lb) 1.90 C$
(1.55 $)
1.39 C$
(1.13 $)
     -26.87 %
Tomato (1 lb) 2.22 C$
(1.81 $)
1.50 C$
(1.22 $)
     -32.49 %
Potato (1 lb) 1.13 C$
(0.92 $)
1.29 C$
(1.05 $)
     +13.87 %
Onion (1 lb) 1.12 C$
(0.91 $)
1.29 C$
(1.05 $)
     +15.32 %
Lettuce (1 head) 2.29 C$
(1.87 $)
2.36 C$
(1.93 $)
     +3.06 %
Water (1.5 liter bottle) 1.81 C$
(1.48 $)
1.78 C$
(1.45 $)
     -1.62 %
Bottle of Wine (Mid-Range) 15.00 C$
(12.22 $)
12.27 C$
(10.00 $)
     -18.19 %
Domestic Beer (0.5 liter bottle) 3.04 C$
(2.48 $)
1.28 C$
(1.04 $)
     -57.92 %
Imported Beer (12 oz small bottle) 3.52 C$
(2.87 $)
2.38 C$
(1.94 $)
     -32.30 %
Cigarettes 20 Pack (Marlboro) 13.00 C$
(10.59 $)
7.36 C$
(6.00 $)
     -43.36 %
Transportation
Montreal Edit Panama City Edit
One-way Ticket (Local Transport) 3.50 C$
(2.85 $)
0.43 C$
(0.35 $)
     -87.73 %
Monthly Pass (Regular Price) 86.75 C$
(70.69 $)
24.54 C$
(20.00 $)
     -71.71 %
Taxi Start (Normal Tariff) 3.55 C$
(2.89 $)
3.07 C$
(2.50 $)
     -13.58 %
Taxi 1 mile (Normal Tariff) 2.86 C$
(2.33 $)
3.95 C$
(3.22 $)
     +38.18 %
Taxi 1hour Waiting (Normal Tariff) 39.00 C$
(31.78 $)
18.41 C$
(15.00 $)
     -52.80 %
Gasoline (1 gallon) 4.38 C$
(3.57 $)
3.48 C$
(2.83 $)
     -20.64 %
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 25,000.00 C$
(20,372.01 $)
24,543.48 C$
(20,000.00 $)
     -1.83 %
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 24,439.84 C$
(19,915.55 $)
25,217.20 C$
(20,549.00 $)
     +3.18 %
Utilities (Monthly)
Montreal Edit Panama City Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 94.16 C$
(76.73 $)
126.14 C$
(102.79 $)
     +33.96 %
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 0.34 C$
(0.28 $)
0.18 C$
(0.15 $)
     -45.77 %
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 62.84 C$
(51.21 $)
55.93 C$
(45.57 $)
     -11.00 %
Sports And Leisure
Montreal Edit Panama City Edit
Fitness Club, Monthly Fee for 1 Adult 37.30 C$
(30.40 $)
58.85 C$
(47.95 $)
     +57.76 %
Tennis Court Rent (1 Hour on Weekend) 19.41 C$
(15.82 $)
34.51 C$
(28.12 $)
     +77.83 %
Cinema, International Release, 1 Seat 13.00 C$
(10.59 $)
7.98 C$
(6.50 $)
     -38.64 %
Childcare
Montreal Edit Panama City Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 716.03 C$
(583.48 $)
411.54 C$
(335.36 $)
     -42.52 %
International Primary School, Yearly for 1 Child 8,900.00 C$
(7,252.44 $)
14,670.20 C$
(11,954.46 $)
     +64.83 %
Clothing And Shoes
Montreal Edit Panama City Edit
1 Pair of Jeans (Levis 501 Or Similar) 72.38 C$
(58.98 $)
64.06 C$
(52.20 $)
     -11.50 %
1 Summer Dress in a Chain Store (Zara, H&M, ...) 44.60 C$
(36.34 $)
47.92 C$
(39.05 $)
     +7.43 %
1 Pair of Nike Running Shoes (Mid-Range) 109.03 C$
(88.84 $)
92.04 C$
(75.00 $)
     -15.58 %
1 Pair of Men Leather Business Shoes 135.40 C$
(110.33 $)
114.63 C$
(93.41 $)
     -15.34 %
Rent Per Month
Montreal Edit Panama City Edit
Apartment (1 bedroom) in City Centre 1,287.46 C$
(1,049.13 $)
1,112.82 C$
(906.82 $)
     -13.56 %
Apartment (1 bedroom) Outside of Centre 883.80 C$
(720.19 $)
701.62 C$
(571.74 $)
     -20.61 %
Apartment (3 bedrooms) in City Centre 2,221.25 C$
(1,810.05 $)
1,980.00 C$
(1,613.46 $)
     -10.86 %
Apartment (3 bedrooms) Outside of Centre 1,538.57 C$
(1,253.75 $)
1,329.44 C$
(1,083.33 $)
     -13.59 %
Buy Apartment Price
Montreal Edit Panama City Edit
Price per Square Feet to Buy Apartment in City Centre 544.97 C$
(444.09 $)
253.05 C$
(206.20 $)
     -53.57 %
Price per Square Feet to Buy Apartment Outside of Centre 316.64 C$
(258.02 $)
171.37 C$
(139.64 $)
     -45.88 %
Salaries And Financing
Montreal Edit Panama City Edit
Average Monthly Net Salary (After Tax) 3,370.25 C$
(2,746.35 $)
982.77 C$
(800.84 $)
     -70.84 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 2.50 5.39      +115.60 %
Last update: May 2021April 2021
Contributors in the past 12 months:36784