Cost of Living Comparison Between Montreal and Panama City 
| Indices Difference |  |
|---|---|
| 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 | |
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 2023 | March 2023 | |
| Contributors in the past 12 months: | 490 | 96 |
Moving to Montreal? Explore:
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| Cost of Living in Santiago | 161.98 miles |