Cost of Living Comparison Between Montreal and Panama City 

Indices DifferenceInfo
Consumer Prices in Panama City are 28.07% lower than in Montreal (without rent)
Consumer Prices Including Rent in Panama City are 25.51% lower than in Montreal
Rent Prices in Panama City are 19.21% lower than in Montreal
Restaurant Prices in Panama City are 35.64% lower than in Montreal
Groceries Prices in Panama City are 29.54% lower than in Montreal
Local Purchasing Power in Panama City is 62.34% 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$
(15.43 $)
10.37 C$
(8.00 $)
     -48.15 %
Meal for 2 People, Mid-range Restaurant, Three-course 90.00 C$
(69.44 $)
64.81 C$
(50.00 $)
     -27.99 %
McMeal at McDonalds (or Equivalent Combo Meal) 13.00 C$
(10.03 $)
8.42 C$
(6.50 $)
     -35.19 %
Domestic Beer (1 pint draught) 7.00 C$
(5.40 $)
3.24 C$
(2.50 $)
     -53.71 %
Imported Beer (12 oz small bottle) 8.00 C$
(6.17 $)
5.18 C$
(4.00 $)
     -35.19 %
Cappuccino (regular) 4.77 C$
(3.68 $)
4.21 C$
(3.25 $)
     -11.73 %
Coke/Pepsi (12 oz small bottle) 2.37 C$
(1.83 $)
2.14 C$
(1.65 $)
     -9.90 %
Water (12 oz small bottle) 1.95 C$
(1.51 $)
1.71 C$
(1.32 $)
     -12.70 %
Markets
Montreal Edit Panama City Edit
Milk (regular), (1 gallon) 11.44 C$
(8.83 $)
7.70 C$
(5.94 $)
     -32.73 %
Loaf of Fresh White Bread (1 lb) 3.43 C$
(2.64 $)
2.35 C$
(1.81 $)
     -31.37 %
Rice (white), (1 lb) 1.74 C$
(1.34 $)
1.16 C$
(0.89 $)
     -33.43 %
Eggs (regular) (12) 3.88 C$
(2.99 $)
2.72 C$
(2.10 $)
     -29.77 %
Local Cheese (1 lb) 7.06 C$
(5.44 $)
4.51 C$
(3.48 $)
     -36.04 %
Chicken Fillets (1 lb) 6.72 C$
(5.19 $)
4.17 C$
(3.21 $)
     -38.04 %
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 7.80 C$
(6.02 $)
4.77 C$
(3.68 $)
     -38.86 %
Apples (1 lb) 2.02 C$
(1.56 $)
1.67 C$
(1.29 $)
     -17.17 %
Banana (1 lb) 0.88 C$
(0.68 $)
0.79 C$
(0.61 $)
     -10.32 %
Oranges (1 lb) 1.92 C$
(1.48 $)
1.45 C$
(1.12 $)
     -24.17 %
Tomato (1 lb) 2.16 C$
(1.66 $)
1.93 C$
(1.49 $)
     -10.39 %
Potato (1 lb) 1.21 C$
(0.94 $)
1.11 C$
(0.86 $)
     -8.27 %
Onion (1 lb) 1.20 C$
(0.92 $)
1.14 C$
(0.88 $)
     -4.53 %
Lettuce (1 head) 2.40 C$
(1.85 $)
3.03 C$
(2.34 $)
     +26.36 %
Water (1.5 liter bottle) 2.21 C$
(1.70 $)
1.92 C$
(1.48 $)
     -12.86 %
Bottle of Wine (Mid-Range) 15.00 C$
(11.57 $)
12.96 C$
(10.00 $)
     -13.59 %
Domestic Beer (0.5 liter bottle) 3.40 C$
(2.62 $)
1.61 C$
(1.24 $)
     -52.69 %
Imported Beer (12 oz small bottle) 3.59 C$
(2.77 $)
2.23 C$
(1.72 $)
     -38.00 %
Cigarettes 20 Pack (Marlboro) 15.00 C$
(11.57 $)
7.52 C$
(5.80 $)
     -49.88 %
Transportation
Montreal Edit Panama City Edit
One-way Ticket (Local Transport) 3.50 C$
(2.70 $)
0.45 C$
(0.35 $)
     -87.04 %
Monthly Pass (Regular Price) 90.50 C$
(69.82 $)
35.64 C$
(27.50 $)
     -60.61 %
Taxi Start (Normal Tariff) 4.00 C$
(3.09 $)
2.92 C$
(2.25 $)
     -27.09 %
Taxi 1 mile (Normal Tariff) 2.82 C$
(2.17 $)
3.13 C$
(2.41 $)
     +11.10 %
Taxi 1hour Waiting (Normal Tariff) 39.00 C$
(30.09 $)
25.92 C$
(20.00 $)
     -33.53 %
Gasoline (1 gallon) 7.78 C$
(6.00 $)
5.22 C$
(4.03 $)
     -32.81 %
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 30,000.00 C$
(23,145.83 $)
31,755.19 C$
(24,500.00 $)
     +5.85 %
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 25,850.57 C$
(19,944.43 $)
26,888.22 C$
(20,745.00 $)
     +4.01 %
Utilities (Monthly)
Montreal Edit Panama City Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 104.71 C$
(80.79 $)
134.89 C$
(104.07 $)
     +28.82 %
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 0.49 C$
(0.38 $)
0.17 C$
(0.13 $)
     -64.47 %
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 61.40 C$
(47.37 $)
59.25 C$
(45.71 $)
     -3.50 %
Sports And Leisure
Montreal Edit Panama City Edit
Fitness Club, Monthly Fee for 1 Adult 43.46 C$
(33.53 $)
53.03 C$
(40.92 $)
     +22.02 %
Tennis Court Rent (1 Hour on Weekend) 20.62 C$
(15.91 $)
31.32 C$
(24.17 $)
     +51.92 %
Cinema, International Release, 1 Seat 15.00 C$
(11.57 $)
7.78 C$
(6.00 $)
     -48.15 %
Childcare
Montreal Edit Panama City Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 900.71 C$
(694.93 $)
474.71 C$
(366.25 $)
     -47.30 %
International Primary School, Yearly for 1 Child 11,000.00 C$
(8,486.80 $)
18,517.62 C$
(14,286.86 $)
     +68.34 %
Clothing And Shoes
Montreal Edit Panama City Edit
1 Pair of Jeans (Levis 501 Or Similar) 88.17 C$
(68.02 $)
67.30 C$
(51.92 $)
     -23.67 %
1 Summer Dress in a Chain Store (Zara, H&M, ...) 48.51 C$
(37.43 $)
54.91 C$
(42.36 $)
     +13.19 %
1 Pair of Nike Running Shoes (Mid-Range) 128.96 C$
(99.49 $)
97.53 C$
(75.25 $)
     -24.37 %
1 Pair of Men Leather Business Shoes 154.12 C$
(118.91 $)
116.65 C$
(90.00 $)
     -24.31 %
Rent Per Month
Montreal Edit Panama City Edit
Apartment (1 bedroom) in City Centre 1,386.04 C$
(1,069.36 $)
1,190.91 C$
(918.82 $)
     -14.08 %
Apartment (1 bedroom) Outside of Centre 1,045.00 C$
(806.25 $)
670.34 C$
(517.19 $)
     -35.85 %
Apartment (3 bedrooms) in City Centre 2,494.14 C$
(1,924.30 $)
2,272.04 C$
(1,752.94 $)
     -8.90 %
Apartment (3 bedrooms) Outside of Centre 1,784.44 C$
(1,376.75 $)
1,303.75 C$
(1,005.88 $)
     -26.94 %
Buy Apartment Price
Montreal Edit Panama City Edit
Price per Square Feet to Buy Apartment in City Centre 784.35 C$
(605.15 $)
268.66 C$
(207.28 $)
     -65.75 %
Price per Square Feet to Buy Apartment Outside of Centre 430.38 C$
(332.05 $)
169.00 C$
(130.39 $)
     -60.73 %
Salaries And Financing
Montreal Edit Panama City Edit
Average Monthly Net Salary (After Tax) 3,763.00 C$
(2,903.26 $)
1,055.54 C$
(814.38 $)
     -71.95 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.09 5.83      +14.63 %
Last update: August 2022August 2022
Contributors in the past 12 months:56499