Cost of Living Comparison Between Vancouver and Panama City 

Indices DifferenceInfo
Cost of Living in Panama City is 30.6% lower than in Vancouver (excluding rent)
Cost of Living Including Rent in Panama City is 35.4% lower than in Vancouver
Rent Prices in Panama City are 43.6% lower than in Vancouver
Restaurant Prices in Panama City are 31.9% lower than in Vancouver
Groceries Prices in Panama City are 32.1% lower than in Vancouver
Local Purchasing Power in Panama City is 55.4% lower than in Vancouver
Currency: Sticky Currency      Switch to metric measurement units
Restaurants
Vancouver Edit Panama City Edit Difference
Meal, Inexpensive Restaurant 25.00 C$
(18.20 $)
13.74 C$
(10.00 $)
     -45.1 %
Meal for 2 People, Mid-range Restaurant, Three-course 100.00 C$
(72.80 $)
75.55 C$
(55.00 $)
     -24.4 %
McMeal at McDonalds (or Equivalent Combo Meal) 15.00 C$
(10.92 $)
10.99 C$
(8.00 $)
     -26.7 %
Domestic Beer (1 pint draught) 9.00 C$
(6.55 $)
4.12 C$
(3.00 $)
     -54.2 %
Imported Beer (12 oz small bottle) 10.00 C$
(7.28 $)
5.49 C$
(4.00 $)
     -45.1 %
Cappuccino (regular) 5.60 C$
(4.08 $)
4.80 C$
(3.50 $)
     -14.3 %
Coke/Pepsi (12 oz small bottle) 2.98 C$
(2.17 $)
2.24 C$
(1.63 $)
     -24.8 %
Water (12 oz small bottle) 2.53 C$
(1.84 $)
1.83 C$
(1.33 $)
     -27.5 %
Markets
Vancouver Edit Panama City Edit
Milk (regular), (1 gallon) 10.49 C$
(7.64 $)
9.60 C$
(6.99 $)
     -8.5 %
Loaf of Fresh White Bread (1 lb) 3.78 C$
(2.76 $)
3.25 C$
(2.36 $)
     -14.2 %
Rice (white), (1 lb) 2.56 C$
(1.87 $)
1.55 C$
(1.13 $)
     -39.5 %
Eggs (regular) (12) 5.60 C$
(4.08 $)
3.94 C$
(2.87 $)
     -29.5 %
Local Cheese (1 lb) 7.72 C$
(5.62 $)
7.54 C$
(5.49 $)
     -2.4 %
Chicken Fillets (1 lb) 8.92 C$
(6.50 $)
4.57 C$
(3.32 $)
     -48.8 %
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 9.94 C$
(7.24 $)
6.29 C$
(4.58 $)
     -36.7 %
Apples (1 lb) 2.69 C$
(1.96 $)
2.25 C$
(1.64 $)
     -16.4 %
Banana (1 lb) 0.88 C$
(0.64 $)
0.92 C$
(0.67 $)
     +4.2 %
Oranges (1 lb) 2.49 C$
(1.82 $)
1.66 C$
(1.20 $)
     -33.7 %
Tomato (1 lb) 3.10 C$
(2.26 $)
1.92 C$
(1.40 $)
     -38.0 %
Potato (1 lb) 1.84 C$
(1.34 $)
1.36 C$
(0.99 $)
     -25.9 %
Onion (1 lb) 1.85 C$
(1.35 $)
1.67 C$
(1.22 $)
     -9.5 %
Lettuce (1 head) 3.54 C$
(2.58 $)
2.92 C$
(2.13 $)
     -17.5 %
Water (1.5 liter bottle) 2.47 C$
(1.79 $)
2.08 C$
(1.52 $)
     -15.6 %
Bottle of Wine (Mid-Range) 22.00 C$
(16.02 $)
13.74 C$
(10.00 $)
     -37.6 %
Domestic Beer (0.5 liter bottle) 4.30 C$
(3.13 $)
1.65 C$
(1.20 $)
     -61.5 %
Imported Beer (12 oz small bottle) 5.15 C$
(3.75 $)
3.10 C$
(2.25 $)
     -39.9 %
Cigarettes 20 Pack (Marlboro) 21.00 C$
(15.29 $)
8.24 C$
(6.00 $)
     -60.8 %
Transportation
Vancouver Edit Panama City Edit
One-way Ticket (Local Transport) 3.20 C$
(2.33 $)
0.58 C$
(0.42 $)
     -81.8 %
Monthly Pass (Regular Price) 109.00 C$
(79.35 $)
30.91 C$
(22.50 $)
     -71.6 %
Taxi Start (Normal Tariff) 5.00 C$
(3.64 $)
3.43 C$
(2.50 $)
     -31.3 %
Taxi 1 mile (Normal Tariff) 3.39 C$
(2.47 $)
5.38 C$
(3.91 $)
     +58.7 %
Taxi 1hour Waiting (Normal Tariff) 37.91 C$
(27.60 $)
30.22 C$
(22.00 $)
     -20.3 %
Gasoline (1 gallon) 6.83 C$
(4.98 $)
4.74 C$
(3.45 $)
     -30.7 %
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 34,395.00 C$
(25,039.13 $)
26,957.88 C$
(19,625.00 $)
     -21.6 %
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 28,165.58 C$
(20,504.19 $)
29,029.80 C$
(21,133.33 $)
     +3.1 %
Utilities (Monthly)
Vancouver Edit Panama City Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 123.15 C$
(89.65 $)
170.88 C$
(124.40 $)
     +38.8 %
Mobile Phone Monthly Plan with Calls and 10GB+ Data 55.57 C$
(40.46 $)
40.99 C$
(29.84 $)
     -26.2 %
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 79.86 C$
(58.14 $)
68.77 C$
(50.06 $)
     -13.9 %
Sports And Leisure
Vancouver Edit Panama City Edit
Fitness Club, Monthly Fee for 1 Adult 57.10 C$
(41.57 $)
63.55 C$
(46.27 $)
     +11.3 %
Tennis Court Rent (1 Hour on Weekend) 20.07 C$
(14.61 $)
44.64 C$
(32.50 $)
     +122.4 %
Cinema, International Release, 1 Seat 16.00 C$
(11.65 $)
10.99 C$
(8.00 $)
     -31.3 %
Childcare
Vancouver Edit Panama City Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 1,590.20 C$
(1,157.64 $)
653.86 C$
(476.00 $)
     -58.9 %
International Primary School, Yearly for 1 Child 25,000.00 C$
(18,199.69 $)
18,864.79 C$
(13,733.33 $)
     -24.5 %
Clothing And Shoes
Vancouver Edit Panama City Edit
1 Pair of Jeans (Levis 501 Or Similar) 88.62 C$
(64.51 $)
72.50 C$
(52.78 $)
     -18.2 %
1 Summer Dress in a Chain Store (Zara, H&M, ...) 54.14 C$
(39.42 $)
63.34 C$
(46.11 $)
     +17.0 %
1 Pair of Nike Running Shoes (Mid-Range) 130.38 C$
(94.91 $)
121.34 C$
(88.33 $)
     -6.9 %
1 Pair of Men Leather Business Shoes 169.10 C$
(123.11 $)
152.82 C$
(111.25 $)
     -9.6 %
Rent Per Month
Vancouver Edit Panama City Edit
Apartment (1 bedroom) in City Centre 2,764.43 C$
(2,012.47 $)
1,543.55 C$
(1,123.68 $)
     -44.2 %
Apartment (1 bedroom) Outside of Centre 2,266.22 C$
(1,649.78 $)
1,204.23 C$
(876.67 $)
     -46.9 %
Apartment (3 bedrooms) in City Centre 4,903.45 C$
(3,569.65 $)
2,767.03 C$
(2,014.36 $)
     -43.6 %
Apartment (3 bedrooms) Outside of Centre 3,830.00 C$
(2,788.19 $)
2,249.35 C$
(1,637.50 $)
     -41.3 %
Buy Apartment Price
Vancouver Edit Panama City Edit
Price per Square Feet to Buy Apartment in City Centre 1,298.90 C$
(945.58 $)
319.95 C$
(232.92 $)
     -75.4 %
Price per Square Feet to Buy Apartment Outside of Centre 922.68 C$
(671.70 $)
207.83 C$
(151.30 $)
     -77.5 %
Salaries And Financing
Vancouver Edit Panama City Edit
Average Monthly Net Salary (After Tax) 4,457.00 C$
(3,244.64 $)
1,283.68 C$
(934.50 $)
     -71.2 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.61 6.23      +11.0 %
Last update: 23 May 202521 May 2025
Contributors in the past 12 months:36665