Cost of Living Comparison Between Montreal and Panama City 
| Indices Difference |  |
|---|---|
| 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 | |
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 2022 | August 2022 | |
| Contributors in the past 12 months: | 564 | 99 |
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
Toptal
Logical Recruitment Partners
Logical Recruitment Partners
Logical Recruitment Partners
AD