Cost of Living Comparison Between Montreal and Panama City 
| Indices Difference |  |
|---|---|
| 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 | |
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 2021 | April 2021 | |
| Contributors in the past 12 months: | 367 | 84 |
Moving to Montreal? Explore:
Cities near Montreal: | Cost of Living in Longueuil | 8.36 miles |
| Cost of Living in Sainte-Martine | 25.85 miles |
| Cost of Living in Sherbrooke | 99.30 miles |
| Cost of Living in Gatineau | 112.36 miles |
| Cost of Living in Ottawa | 119.48 miles |
| Cost of Living in Quebec City | 157.18 miles |
| Cost of Living in Kingston | 176.74 miles |
| Cost of Living in Belleville | 220.82 miles |
Cities near Panama City: | Cost of Living in San Miguelito | 8.11 miles |
| Cost of Living in Tocumen | 15.44 miles |
| Cost of Living in Pacora | 19.85 miles |
| Cost of Living in El Coco | 33.93 miles |
| Cost of Living in Aguadulce | 127.78 miles |
| Cost of Living in Santiago | 161.98 miles |
Would you like to live and work in Panama City?
Promoted Jobs:
Toptal
Logical Recruitment Partners
Logical Recruitment Partners
Logical Recruitment Partners
AD