Cost of Living Comparison Between Canada and Panama 
| Indices Difference |  |
|---|---|
| Consumer Prices in Panama are 15.11% lower than in Canada | |
| Consumer Prices Including Rent in Panama are 15.75% lower than in Canada | |
| Rent Prices in Panama are 17.28% lower than in Canada | |
| Restaurant Prices in Panama are 17.52% lower than in Canada | |
| Groceries Prices in Panama are 10.89% lower than in Canada | |
| Local Purchasing Power in Panama is 66.05% lower than in Canada | |
| Restaurants | Canada[ Edit ] | Panama[ Edit ] | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
16.00 C$ (11.66 $) |
12.35 C$ (9.00 $) |
-22.78 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
70.00 C$ (50.99 $) |
61.77 C$ (45.00 $) |
-11.75 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
10.00 C$ (7.28 $) |
9.61 C$ (7.00 $) |
-3.91 % |
| Domestic Beer (1 pint draught) |
6.00 C$ (4.37 $) |
2.75 C$ (2.00 $) |
-54.24 % |
| Imported Beer (12 oz small bottle) |
7.50 C$ (5.46 $) |
4.80 C$ (3.50 $) |
-35.94 % |
| Cappuccino (regular) |
4.25 C$ (3.10 $) |
4.12 C$ (3.00 $) |
-3.09 % |
| Coke/Pepsi (12 oz small bottle) |
2.25 C$ (1.64 $) |
1.87 C$ (1.36 $) |
-16.93 % |
| Water (12 oz small bottle) |
1.84 C$ (1.34 $) |
1.49 C$ (1.08 $) |
-19.48 % |
| Markets | Canada[ Edit ] | Panama[ Edit ] | |
| Milk (regular), (1 gallon) |
9.36 C$ (6.82 $) |
8.03 C$ (5.85 $) |
-14.29 % |
| Loaf of Fresh White Bread (1 lb) |
2.64 C$ (1.93 $) |
2.48 C$ (1.81 $) |
-6.07 % |
| Rice (white), (1 lb) |
1.74 C$ (1.27 $) |
1.07 C$ (0.78 $) |
-38.23 % |
| Eggs (regular) (12) |
3.41 C$ (2.48 $) |
2.87 C$ (2.09 $) |
-15.74 % |
| Local Cheese (1 lb) |
5.79 C$ (4.22 $) |
7.20 C$ (5.24 $) |
+24.27 % |
| Chicken Fillets (1 lb) |
6.02 C$ (4.38 $) |
4.46 C$ (3.25 $) |
-25.88 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
6.65 C$ (4.85 $) |
6.74 C$ (4.91 $) |
+1.32 % |
| Apples (1 lb) |
1.83 C$ (1.33 $) |
2.04 C$ (1.49 $) |
+11.62 % |
| Banana (1 lb) |
0.78 C$ (0.57 $) |
1.03 C$ (0.75 $) |
+32.43 % |
| Oranges (1 lb) |
1.80 C$ (1.31 $) |
1.75 C$ (1.27 $) |
-2.93 % |
| Tomato (1 lb) |
1.83 C$ (1.33 $) |
1.71 C$ (1.24 $) |
-6.87 % |
| Potato (1 lb) |
1.29 C$ (0.94 $) |
1.26 C$ (0.92 $) |
-2.21 % |
| Onion (1 lb) |
1.19 C$ (0.87 $) |
1.28 C$ (0.93 $) |
+7.69 % |
| Lettuce (1 head) |
2.52 C$ (1.83 $) |
2.59 C$ (1.89 $) |
+2.94 % |
| Water (1.5 liter bottle) |
2.25 C$ (1.64 $) |
2.09 C$ (1.53 $) |
-6.70 % |
| Bottle of Wine (Mid-Range) |
15.47 C$ (11.27 $) |
11.75 C$ (8.56 $) |
-24.07 % |
| Domestic Beer (0.5 liter bottle) |
2.97 C$ (2.16 $) |
1.30 C$ (0.95 $) |
-56.15 % |
| Imported Beer (12 oz small bottle) |
3.71 C$ (2.71 $) |
3.14 C$ (2.29 $) |
-15.53 % |
| Cigarettes 20 Pack (Marlboro) |
15.00 C$ (10.93 $) |
6.86 C$ (5.00 $) |
-54.24 % |
| Transportation | Canada[ Edit ] | Panama[ Edit ] | |
| One-way Ticket (Local Transport) |
3.25 C$ (2.37 $) |
0.34 C$ (0.25 $) |
-89.44 % |
| Monthly Pass (Regular Price) |
98.00 C$ (71.39 $) |
30.89 C$ (22.50 $) |
-68.48 % |
| Taxi Start (Normal Tariff) |
3.90 C$ (2.84 $) |
2.75 C$ (2.00 $) |
-29.60 % |
| Taxi 1 mile (Normal Tariff) |
3.22 C$ (2.34 $) |
4.42 C$ (3.22 $) |
+37.28 % |
| Taxi 1hour Waiting (Normal Tariff) |
34.00 C$ (24.77 $) |
13.73 C$ (10.00 $) |
-59.62 % |
| Gasoline (1 gallon) |
4.50 C$ (3.28 $) |
4.10 C$ (2.99 $) |
-8.93 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
25,600.00 C$ (18,648.45 $) |
24,709.82 C$ (18,000.00 $) |
-3.48 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
24,212.86 C$ (17,637.98 $) |
25,820.39 C$ (18,809.00 $) |
+6.64 % |
| Utilities (Monthly) | Canada[ Edit ] | Panama[ Edit ] | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
156.46 C$ (113.98 $) |
125.88 C$ (91.70 $) |
-19.55 % |
| 1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) |
0.35 C$ (0.25 $) |
0.18 C$ (0.13 $) |
-49.54 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
76.14 C$ (55.46 $) |
61.45 C$ (44.77 $) |
-19.29 % |
| Sports And Leisure | Canada[ Edit ] | Panama[ Edit ] | |
| Fitness Club, Monthly Fee for 1 Adult |
49.85 C$ (36.31 $) |
63.91 C$ (46.56 $) |
+28.21 % |
| Tennis Court Rent (1 Hour on Weekend) |
20.69 C$ (15.07 $) |
34.32 C$ (25.00 $) |
+65.87 % |
| Cinema, International Release, 1 Seat |
14.00 C$ (10.20 $) |
8.24 C$ (6.00 $) |
-41.17 % |
| Childcare | Canada[ Edit ] | Panama[ Edit ] | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
976.31 C$ (711.20 $) |
371.58 C$ (270.68 $) |
-61.94 % |
| International Primary School, Yearly for 1 Child |
14,031.38 C$ (10,221.23 $) |
8,749.30 C$ (6,373.48 $) |
-37.64 % |
| Clothing And Shoes | Canada[ Edit ] | Panama[ Edit ] | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
64.17 C$ (46.75 $) |
61.11 C$ (44.52 $) |
-4.77 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
45.50 C$ (33.15 $) |
49.94 C$ (36.38 $) |
+9.75 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
100.73 C$ (73.38 $) |
87.41 C$ (63.68 $) |
-13.22 % |
| 1 Pair of Men Leather Business Shoes |
125.48 C$ (91.41 $) |
113.13 C$ (82.41 $) |
-9.85 % |
| Rent Per Month | Canada[ Edit ] | Panama[ Edit ] | |
| Apartment (1 bedroom) in City Centre |
1,312.01 C$ (955.74 $) |
1,121.70 C$ (817.11 $) |
-14.51 % |
| Apartment (1 bedroom) Outside of Centre |
1,085.61 C$ (790.82 $) |
746.70 C$ (543.94 $) |
-31.22 % |
| Apartment (3 bedrooms) in City Centre |
2,128.95 C$ (1,550.85 $) |
2,011.26 C$ (1,465.12 $) |
-5.53 % |
| Apartment (3 bedrooms) Outside of Centre |
1,760.02 C$ (1,282.09 $) |
1,320.83 C$ (962.16 $) |
-24.95 % |
| Buy Apartment Price | Canada[ Edit ] | Panama[ Edit ] | |
| Price per Square Feet to Buy Apartment in City Centre |
549.62 C$ (400.38 $) |
276.32 C$ (201.29 $) |
-49.73 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
382.90 C$ (278.93 $) |
197.68 C$ (144.00 $) |
-48.37 % |
| Salaries And Financing | Canada[ Edit ] | Panama[ Edit ] | |
| Average Monthly Net Salary (After Tax) |
3,612.38 C$ (2,631.46 $) |
1,033.20 C$ (752.64 $) |
-71.40 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 3.42 | 5.48 | +60.20 % |
| Last update: | June 2020 | May 2020 | |
| Contributors: | 7466 | 210 | |
| Data from past: | 18 months | 18 months | |
| Currency: CAD |