Cost of Living Comparison Between Vancouver and Panama City 
| Indices Difference |  |
|---|---|
| Consumer Prices in Panama City are 26.8% lower than in Vancouver (without rent) | |
| Consumer Prices Including Rent in Panama City are 37.4% lower than in Vancouver | |
| Rent Prices in Panama City are 53.0% lower than in Vancouver | |
| Restaurant Prices in Panama City are 30.2% lower than in Vancouver | |
| Groceries Prices in Panama City are 29.9% lower than in Vancouver | |
| Local Purchasing Power in Panama City is 61.1% lower than in Vancouver | |
Restaurants | Vancouver Edit |
Panama City Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
25.00 C$ (18.26 $) |
13.69 C$ (10.00 $) |
-45.2 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
100.00 C$ (73.06 $) |
82.13 C$ (60.00 $) |
-17.9 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
12.00 C$ (8.77 $) |
9.58 C$ (7.00 $) |
-20.2 % |
| Domestic Beer (1 pint draught) |
7.50 C$ (5.48 $) |
3.42 C$ (2.50 $) |
-54.4 % |
| Imported Beer (12 oz small bottle) |
9.00 C$ (6.58 $) |
5.48 C$ (4.00 $) |
-39.2 % |
| Cappuccino (regular) |
5.02 C$ (3.66 $) |
4.75 C$ (3.47 $) |
-5.4 % |
| Coke/Pepsi (12 oz small bottle) |
2.69 C$ (1.96 $) |
2.37 C$ (1.73 $) |
-11.9 % |
| Water (12 oz small bottle) |
2.44 C$ (1.78 $) |
1.86 C$ (1.36 $) |
-23.8 % |
Markets | Vancouver Edit |
Panama City Edit | |
| Milk (regular), (1 gallon) |
11.21 C$ (8.19 $) |
8.44 C$ (6.17 $) |
-24.7 % |
| Loaf of Fresh White Bread (1 lb) |
3.31 C$ (2.42 $) |
2.91 C$ (2.13 $) |
-12.0 % |
| Rice (white), (1 lb) |
2.16 C$ (1.58 $) |
1.27 C$ (0.93 $) |
-41.0 % |
| Eggs (regular) (12) |
5.20 C$ (3.80 $) |
3.02 C$ (2.20 $) |
-42.0 % |
| Local Cheese (1 lb) |
7.46 C$ (5.45 $) |
5.66 C$ (4.14 $) |
-24.1 % |
| Chicken Fillets (1 lb) |
7.60 C$ (5.55 $) |
4.42 C$ (3.23 $) |
-41.8 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
8.28 C$ (6.05 $) |
5.48 C$ (4.00 $) |
-33.8 % |
| Apples (1 lb) |
2.18 C$ (1.59 $) |
1.95 C$ (1.43 $) |
-10.4 % |
| Banana (1 lb) |
0.84 C$ (0.61 $) |
0.82 C$ (0.60 $) |
-2.2 % |
| Oranges (1 lb) |
2.18 C$ (1.59 $) |
1.86 C$ (1.36 $) |
-14.8 % |
| Tomato (1 lb) |
2.32 C$ (1.69 $) |
2.09 C$ (1.53 $) |
-9.9 % |
| Potato (1 lb) |
1.76 C$ (1.28 $) |
1.22 C$ (0.89 $) |
-30.5 % |
| Onion (1 lb) |
1.25 C$ (0.92 $) |
1.22 C$ (0.89 $) |
-2.7 % |
| Lettuce (1 head) |
3.39 C$ (2.47 $) |
3.20 C$ (2.34 $) |
-5.4 % |
| Water (1.5 liter bottle) |
2.49 C$ (1.82 $) |
2.14 C$ (1.56 $) |
-14.3 % |
| Bottle of Wine (Mid-Range) |
20.00 C$ (14.61 $) |
12.32 C$ (9.00 $) |
-38.4 % |
| Domestic Beer (0.5 liter bottle) |
3.54 C$ (2.58 $) |
1.72 C$ (1.26 $) |
-51.3 % |
| Imported Beer (12 oz small bottle) |
3.76 C$ (2.75 $) |
2.42 C$ (1.76 $) |
-35.8 % |
| Cigarettes 20 Pack (Marlboro) |
19.00 C$ (13.88 $) |
7.90 C$ (5.78 $) |
-58.4 % |
Transportation | Vancouver Edit |
Panama City Edit | |
| One-way Ticket (Local Transport) |
3.10 C$ (2.26 $) |
0.48 C$ (0.35 $) |
-84.5 % |
| Monthly Pass (Regular Price) |
120.00 C$ (87.67 $) |
34.22 C$ (25.00 $) |
-71.5 % |
| Taxi Start (Normal Tariff) |
3.75 C$ (2.74 $) |
2.74 C$ (2.00 $) |
-27.0 % |
| Taxi 1 mile (Normal Tariff) |
3.16 C$ (2.31 $) |
4.08 C$ (2.98 $) |
+28.9 % |
| Taxi 1hour Waiting (Normal Tariff) |
37.14 C$ (27.14 $) |
27.38 C$ (20.00 $) |
-26.3 % |
| Gasoline (1 gallon) |
7.52 C$ (5.50 $) |
5.72 C$ (4.18 $) |
-24.0 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
30,000.00 C$ (21,916.70 $) |
30,456.22 C$ (22,250.00 $) |
+1.5 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
26,675.00 C$ (19,487.60 $) |
27,292.73 C$ (19,938.89 $) |
+2.3 % |
Utilities (Monthly) | Vancouver Edit |
Panama City Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
127.14 C$ (92.88 $) |
147.37 C$ (107.66 $) |
+15.9 % |
| 1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) |
0.30 C$ (0.22 $) |
0.19 C$ (0.14 $) |
-38.1 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
85.42 C$ (62.40 $) |
68.41 C$ (49.98 $) |
-19.9 % |
Sports And Leisure | Vancouver Edit |
Panama City Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
58.81 C$ (42.96 $) |
58.57 C$ (42.79 $) |
-0.4 % |
| Tennis Court Rent (1 Hour on Weekend) |
14.79 C$ (10.80 $) |
29.94 C$ (21.88 $) |
+102.5 % |
| Cinema, International Release, 1 Seat |
17.00 C$ (12.42 $) |
8.21 C$ (6.00 $) |
-51.7 % |
Childcare | Vancouver Edit |
Panama City Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
1,370.87 C$ (1,001.50 $) |
575.76 C$ (420.62 $) |
-58.0 % |
| International Primary School, Yearly for 1 Child |
24,723.91 C$ (18,062.22 $) |
12,789.85 C$ (9,343.71 $) |
-48.3 % |
Clothing And Shoes | Vancouver Edit |
Panama City Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
78.82 C$ (57.58 $) |
73.23 C$ (53.50 $) |
-7.1 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
50.43 C$ (36.84 $) |
56.58 C$ (41.33 $) |
+12.2 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
118.72 C$ (86.73 $) |
102.50 C$ (74.88 $) |
-13.7 % |
| 1 Pair of Men Leather Business Shoes |
149.81 C$ (109.45 $) |
124.11 C$ (90.67 $) |
-17.2 % |
Rent Per Month | Vancouver Edit |
Panama City Edit | |
| Apartment (1 bedroom) in City Centre |
2,479.17 C$ (1,811.17 $) |
1,233.18 C$ (900.91 $) |
-50.3 % |
| Apartment (1 bedroom) Outside of Centre |
2,110.42 C$ (1,541.78 $) |
705.59 C$ (515.48 $) |
-66.6 % |
| Apartment (3 bedrooms) in City Centre |
4,517.55 C$ (3,300.33 $) |
2,538.27 C$ (1,854.35 $) |
-43.8 % |
| Apartment (3 bedrooms) Outside of Centre |
3,346.63 C$ (2,444.90 $) |
1,372.24 C$ (1,002.50 $) |
-59.0 % |
Buy Apartment Price | Vancouver Edit |
Panama City Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
1,242.80 C$ (907.94 $) |
300.11 C$ (219.25 $) |
-75.9 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
966.61 C$ (706.16 $) |
173.30 C$ (126.61 $) |
-82.1 % |
Salaries And Financing | Vancouver Edit |
Panama City Edit | |
| Average Monthly Net Salary (After Tax) |
4,643.97 C$ (3,392.69 $) |
1,130.91 C$ (826.19 $) |
-75.6 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 5.12 | 5.99 | +16.9 % |
| Last update: | March 2023 | March 2023 | |
| Contributors in the past 12 months: | 517 | 96 |
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