Cost of Living Comparison Between Canada and Panama Reverse

For major cities in those countries you get more relevant data by specifying cities.
City in Canada:
City in Panama:
Indices DifferenceInfo
Cost of Living in Panama is 28.4% lower than in Canada (without rent)
Cost of Living Including Rent in Panama is 29.5% lower than in Canada
Rent Prices in Panama are 32.3% lower than in Canada
Restaurant Prices in Panama are 29.6% lower than in Canada
Groceries Prices in Panama are 29.1% lower than in Canada
Local Purchasing Power in Panama is 59.8% lower than in Canada
Currency: Sticky Currency      Switch to metric measurement units
Restaurants
Canada Edit Panama Edit Difference
Meal, Inexpensive Restaurant 25.00 C$
(17.97 $)
13.91 C$
(10.00 $)
     -44.4 %
Meal for 2 People, Mid-range Restaurant, Three-course 100.00 C$
(71.88 $)
77.90 C$
(56.00 $)
     -22.1 %
McMeal at McDonalds (or Equivalent Combo Meal) 15.00 C$
(10.78 $)
11.13 C$
(8.00 $)
     -25.8 %
Domestic Beer (1 pint draught) 8.00 C$
(5.75 $)
2.78 C$
(2.00 $)
     -65.2 %
Imported Beer (12 oz small bottle) 8.00 C$
(5.75 $)
5.18 C$
(3.72 $)
     -35.3 %
Cappuccino (regular) 5.17 C$
(3.72 $)
4.90 C$
(3.53 $)
     -5.2 %
Coke/Pepsi (12 oz small bottle) 2.87 C$
(2.07 $)
2.28 C$
(1.64 $)
     -20.7 %
Water (12 oz small bottle) 2.34 C$
(1.68 $)
1.79 C$
(1.29 $)
     -23.5 %
Markets
Canada Edit Panama Edit
Milk (regular), (1 gallon) 11.50 C$
(8.27 $)
9.19 C$
(6.61 $)
     -20.1 %
Loaf of Fresh White Bread (1 lb) 3.33 C$
(2.39 $)
2.96 C$
(2.13 $)
     -11.0 %
Rice (white), (1 lb) 2.29 C$
(1.65 $)
1.45 C$
(1.04 $)
     -36.9 %
Eggs (regular) (12) 4.80 C$
(3.45 $)
3.58 C$
(2.57 $)
     -25.3 %
Local Cheese (1 lb) 7.09 C$
(5.10 $)
7.38 C$
(5.30 $)
     +4.0 %
Chicken Fillets (1 lb) 7.65 C$
(5.50 $)
4.59 C$
(3.30 $)
     -40.1 %
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 9.17 C$
(6.59 $)
5.47 C$
(3.93 $)
     -40.4 %
Apples (1 lb) 2.59 C$
(1.86 $)
2.30 C$
(1.66 $)
     -11.1 %
Banana (1 lb) 0.89 C$
(0.64 $)
0.93 C$
(0.67 $)
     +3.7 %
Oranges (1 lb) 2.38 C$
(1.71 $)
1.74 C$
(1.25 $)
     -27.0 %
Tomato (1 lb) 2.59 C$
(1.86 $)
1.88 C$
(1.35 $)
     -27.2 %
Potato (1 lb) 1.66 C$
(1.20 $)
1.32 C$
(0.95 $)
     -20.9 %
Onion (1 lb) 1.65 C$
(1.19 $)
1.48 C$
(1.06 $)
     -10.5 %
Lettuce (1 head) 3.53 C$
(2.54 $)
2.80 C$
(2.01 $)
     -20.7 %
Water (1.5 liter bottle) 2.50 C$
(1.80 $)
2.07 C$
(1.49 $)
     -17.4 %
Bottle of Wine (Mid-Range) 18.00 C$
(12.94 $)
12.52 C$
(9.00 $)
     -30.4 %
Domestic Beer (0.5 liter bottle) 4.05 C$
(2.91 $)
1.59 C$
(1.14 $)
     -60.8 %
Imported Beer (12 oz small bottle) 4.48 C$
(3.22 $)
2.74 C$
(1.97 $)
     -38.7 %
Cigarettes 20 Pack (Marlboro) 19.89 C$
(14.30 $)
7.65 C$
(5.50 $)
     -61.5 %
Transportation
Canada Edit Panama Edit
One-way Ticket (Local Transport) 3.50 C$
(2.52 $)
0.70 C$
(0.50 $)
     -80.1 %
Monthly Pass (Regular Price) 103.50 C$
(74.40 $)
34.78 C$
(25.00 $)
     -66.4 %
Taxi Start (Normal Tariff) 4.50 C$
(3.23 $)
2.78 C$
(2.00 $)
     -38.2 %
Taxi 1 mile (Normal Tariff) 3.51 C$
(2.52 $)
4.48 C$
(3.22 $)
     +27.6 %
Taxi 1hour Waiting (Normal Tariff) 39.00 C$
(28.03 $)
29.21 C$
(21.00 $)
     -25.1 %
Gasoline (1 gallon) 6.10 C$
(4.38 $)
5.11 C$
(3.67 $)
     -16.1 %
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 33,978.00 C$
(24,424.40 $)
27,823.00 C$
(20,000.00 $)
     -18.1 %
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 27,812.35 C$
(19,992.34 $)
30,257.51 C$
(21,750.00 $)
     +8.8 %
Utilities (Monthly)
Canada Edit Panama Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 204.58 C$
(147.06 $)
142.12 C$
(102.16 $)
     -30.5 %
Mobile Phone Monthly Plan with Calls and 10GB+ Data 64.46 C$
(46.33 $)
41.18 C$
(29.60 $)
     -36.1 %
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 85.15 C$
(61.21 $)
67.45 C$
(48.49 $)
     -20.8 %
Sports And Leisure
Canada Edit Panama Edit
Fitness Club, Monthly Fee for 1 Adult 57.50 C$
(41.34 $)
77.54 C$
(55.74 $)
     +34.8 %
Tennis Court Rent (1 Hour on Weekend) 23.52 C$
(16.91 $)
45.60 C$
(32.78 $)
     +93.9 %
Cinema, International Release, 1 Seat 15.60 C$
(11.21 $)
9.74 C$
(7.00 $)
     -37.6 %
Childcare
Canada Edit Panama Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 1,138.88 C$
(818.66 $)
553.85 C$
(398.12 $)
     -51.4 %
International Primary School, Yearly for 1 Child 17,165.57 C$
(12,339.12 $)
11,330.22 C$
(8,144.50 $)
     -34.0 %
Clothing And Shoes
Canada Edit Panama Edit
1 Pair of Jeans (Levis 501 Or Similar) 78.58 C$
(56.48 $)
69.82 C$
(50.19 $)
     -11.1 %
1 Summer Dress in a Chain Store (Zara, H&M, ...) 55.71 C$
(40.04 $)
51.59 C$
(37.08 $)
     -7.4 %
1 Pair of Nike Running Shoes (Mid-Range) 121.64 C$
(87.43 $)
115.12 C$
(82.75 $)
     -5.4 %
1 Pair of Men Leather Business Shoes 148.73 C$
(106.91 $)
145.49 C$
(104.58 $)
     -2.2 %
Rent Per Month
Canada Edit Panama Edit
Apartment (1 bedroom) in City Centre 1,854.48 C$
(1,333.05 $)
1,147.70 C$
(825.00 $)
     -38.1 %
Apartment (1 bedroom) Outside of Centre 1,673.33 C$
(1,202.84 $)
848.17 C$
(609.69 $)
     -49.3 %
Apartment (3 bedrooms) in City Centre 2,999.84 C$
(2,156.38 $)
2,500.53 C$
(1,797.45 $)
     -16.6 %
Apartment (3 bedrooms) Outside of Centre 2,557.05 C$
(1,838.08 $)
1,656.50 C$
(1,190.74 $)
     -35.2 %
Buy Apartment Price
Canada Edit Panama Edit
Price per Square Feet to Buy Apartment in City Centre 896.01 C$
(644.08 $)
284.57 C$
(204.56 $)
     -68.2 %
Price per Square Feet to Buy Apartment Outside of Centre 628.70 C$
(451.93 $)
199.72 C$
(143.56 $)
     -68.2 %
Salaries And Financing
Canada Edit Panama Edit
Average Monthly Net Salary (After Tax) 3,935.40 C$
(2,828.88 $)
1,116.05 C$
(802.25 $)
     -71.6 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.71 6.19      -7.8 %
Last update: November 2024November 2024
Contributors in the past 12 months:5220148