Cost of Living Comparison Between Panama City and Montreal 
| Indices Difference |  |
|---|---|
| Consumer Prices in Montreal are 32.4% higher than in Panama City (without rent) | |
| Consumer Prices Including Rent in Montreal are 30.4% higher than in Panama City | |
| Rent Prices in Montreal are 26.0% higher than in Panama City | |
| Restaurant Prices in Montreal are 44.3% higher than in Panama City | |
| Groceries Prices in Montreal are 39.0% higher than in Panama City | |
| Local Purchasing Power in Montreal is 143.6% higher than in Panama City | |
Restaurants | Panama City Edit |
Montreal Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
11.75 $ (16.04 C$) |
18.31 $ (25.00 C$) |
+55.8 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
60.00 $ (81.92 C$) |
87.89 $ (120.00 C$) |
+46.5 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
8.25 $ (11.26 C$) |
10.99 $ (15.00 C$) |
+33.2 % |
| Domestic Beer (1 pint draught) |
3.00 $ (4.10 C$) |
5.86 $ (8.00 C$) |
+95.3 % |
| Imported Beer (12 oz small bottle) |
4.00 $ (5.46 C$) |
5.86 $ (8.00 C$) |
+46.5 % |
| Cappuccino (regular) |
3.72 $ (5.07 C$) |
3.83 $ (5.23 C$) |
+3.0 % |
| Coke/Pepsi (12 oz small bottle) |
1.81 $ (2.46 C$) |
2.06 $ (2.81 C$) |
+14.0 % |
| Water (12 oz small bottle) |
1.33 $ (1.82 C$) |
1.51 $ (2.07 C$) |
+13.4 % |
Markets | Panama City Edit |
Montreal Edit | |
| Milk (regular), (1 gallon) |
6.58 $ (8.99 C$) |
8.03 $ (10.97 C$) |
+22.1 % |
| Loaf of Fresh White Bread (1 lb) |
2.21 $ (3.01 C$) |
2.85 $ (3.90 C$) |
+29.3 % |
| Rice (white), (1 lb) |
0.93 $ (1.26 C$) |
1.51 $ (2.06 C$) |
+63.1 % |
| Eggs (regular) (12) |
2.52 $ (3.43 C$) |
3.33 $ (4.55 C$) |
+32.4 % |
| Local Cheese (1 lb) |
4.93 $ (6.74 C$) |
5.50 $ (7.50 C$) |
+11.4 % |
| Chicken Fillets (1 lb) |
3.39 $ (4.63 C$) |
5.52 $ (7.54 C$) |
+63.0 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
4.06 $ (5.55 C$) |
6.51 $ (8.89 C$) |
+60.2 % |
| Apples (1 lb) |
1.36 $ (1.86 C$) |
1.62 $ (2.21 C$) |
+19.0 % |
| Banana (1 lb) |
0.65 $ (0.88 C$) |
0.67 $ (0.92 C$) |
+4.5 % |
| Oranges (1 lb) |
1.30 $ (1.77 C$) |
1.77 $ (2.41 C$) |
+36.5 % |
| Tomato (1 lb) |
1.43 $ (1.95 C$) |
2.04 $ (2.79 C$) |
+43.0 % |
| Potato (1 lb) |
0.94 $ (1.28 C$) |
0.95 $ (1.30 C$) |
+1.1 % |
| Onion (1 lb) |
0.96 $ (1.30 C$) |
1.08 $ (1.48 C$) |
+13.2 % |
| Lettuce (1 head) |
2.18 $ (2.97 C$) |
2.48 $ (3.39 C$) |
+14.0 % |
| Water (1.5 liter bottle) |
1.44 $ (1.97 C$) |
1.72 $ (2.35 C$) |
+19.3 % |
| Bottle of Wine (Mid-Range) |
8.50 $ (11.61 C$) |
14.65 $ (20.00 C$) |
+72.3 % |
| Domestic Beer (0.5 liter bottle) |
1.23 $ (1.68 C$) |
3.32 $ (4.54 C$) |
+170.7 % |
| Imported Beer (12 oz small bottle) |
1.93 $ (2.63 C$) |
3.28 $ (4.48 C$) |
+70.0 % |
| Cigarettes 20 Pack (Marlboro) |
6.00 $ (8.19 C$) |
10.99 $ (15.00 C$) |
+83.1 % |
Transportation | Panama City Edit |
Montreal Edit | |
| One-way Ticket (Local Transport) |
0.35 $ (0.48 C$) |
2.75 $ (3.75 C$) |
+684.7 % |
| Monthly Pass (Regular Price) |
25.00 $ (34.13 C$) |
71.05 $ (97.00 C$) |
+184.2 % |
| Taxi Start (Normal Tariff) |
2.25 $ (3.07 C$) |
3.33 $ (4.55 C$) |
+48.1 % |
| Taxi 1 mile (Normal Tariff) |
2.41 $ (3.30 C$) |
2.36 $ (3.22 C$) |
-2.3 % |
| Taxi 1hour Waiting (Normal Tariff) |
20.00 $ (27.31 C$) |
38.89 $ (53.10 C$) |
+94.5 % |
| Gasoline (1 gallon) |
3.71 $ (5.07 C$) |
4.76 $ (6.50 C$) |
+28.2 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
22,250.00 $ (30,378.26 C$) |
24,886.56 $ (33,978.00 C$) |
+11.8 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
20,494.44 $ (27,981.37 C$) |
20,272.19 $ (27,677.92 C$) |
-1.1 % |
Utilities (Monthly) | Panama City Edit |
Montreal Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
113.79 $ (155.36 C$) |
81.08 $ (110.71 C$) |
-28.7 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
29.33 $ (40.05 C$) |
38.83 $ (53.01 C$) |
+32.4 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
51.09 $ (69.75 C$) |
45.11 $ (61.59 C$) |
-11.7 % |
Sports And Leisure | Panama City Edit |
Montreal Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
41.50 $ (56.66 C$) |
32.48 $ (44.35 C$) |
-21.7 % |
| Tennis Court Rent (1 Hour on Weekend) |
25.00 $ (34.13 C$) |
16.48 $ (22.50 C$) |
-34.1 % |
| Cinema, International Release, 1 Seat |
7.00 $ (9.56 C$) |
10.99 $ (15.00 C$) |
+56.9 % |
Childcare | Panama City Edit |
Montreal Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
408.12 $ (557.22 C$) |
681.68 $ (930.71 C$) |
+67.0 % |
| International Primary School, Yearly for 1 Child |
9,675.75 $ (13,210.45 C$) |
6,862.32 $ (9,369.23 C$) |
-29.1 % |
Clothing And Shoes | Panama City Edit |
Montreal Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
53.94 $ (73.64 C$) |
63.66 $ (86.92 C$) |
+18.0 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
40.79 $ (55.69 C$) |
47.36 $ (64.67 C$) |
+16.1 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
82.58 $ (112.75 C$) |
87.28 $ (119.17 C$) |
+5.7 % |
| 1 Pair of Men Leather Business Shoes |
92.86 $ (126.78 C$) |
106.29 $ (145.12 C$) |
+14.5 % |
Rent Per Month | Panama City Edit |
Montreal Edit | |
| Apartment (1 bedroom) in City Centre |
938.33 $ (1,281.12 C$) |
1,224.43 $ (1,671.73 C$) |
+30.5 % |
| Apartment (1 bedroom) Outside of Centre |
614.47 $ (838.95 C$) |
966.09 $ (1,319.02 C$) |
+57.2 % |
| Apartment (3 bedrooms) in City Centre |
1,953.85 $ (2,667.62 C$) |
2,160.67 $ (2,950.00 C$) |
+10.6 % |
| Apartment (3 bedrooms) Outside of Centre |
1,183.33 $ (1,615.62 C$) |
1,556.32 $ (2,124.87 C$) |
+31.5 % |
Buy Apartment Price | Panama City Edit |
Montreal Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
228.61 $ (312.12 C$) |
697.18 $ (951.88 C$) |
+205.0 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
135.37 $ (184.83 C$) |
398.25 $ (543.74 C$) |
+194.2 % |
Salaries And Financing | Panama City Edit |
Montreal Edit | |
| Average Monthly Net Salary (After Tax) |
861.84 $ (1,176.69 C$) |
2,737.99 $ (3,738.21 C$) |
+217.7 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.07 | 6.36 | +4.8 % |
| Last update: | April 2024 | April 2024 | |
| Contributors in the past 12 months: | 86 | 424 |
Moving to Montreal? Explore:
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 |
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 |