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
Consumer Prices in Panama are 29.2% lower than in Canada (without rent)
Consumer Prices Including Rent in Panama are 32.8% lower than in Canada
Rent Prices in Panama are 40.4% lower than in Canada
Restaurant Prices in Panama are 31.4% lower than in Canada
Groceries Prices in Panama are 32.3% lower than in Canada
Local Purchasing Power in Panama is 58.6% lower than in Canada
Currency: Sticky Currency      Switch to metric measurement units
Restaurants
Canada Edit Panama Edit Difference
Meal, Inexpensive Restaurant 25.00 C$
(18.22 $)
13.72 C$
(10.00 $)
     -45.1 %
Meal for 2 People, Mid-range Restaurant, Three-course 100.00 C$
(72.86 $)
82.35 C$
(60.00 $)
     -17.7 %
McMeal at McDonalds (or Equivalent Combo Meal) 14.50 C$
(10.56 $)
10.98 C$
(8.00 $)
     -24.3 %
Domestic Beer (1 pint draught) 8.00 C$
(5.83 $)
2.74 C$
(2.00 $)
     -65.7 %
Imported Beer (12 oz small bottle) 8.00 C$
(5.83 $)
4.29 C$
(3.12 $)
     -46.4 %
Cappuccino (regular) 5.11 C$
(3.73 $)
4.79 C$
(3.49 $)
     -6.4 %
Coke/Pepsi (12 oz small bottle) 2.87 C$
(2.09 $)
2.17 C$
(1.58 $)
     -24.5 %
Water (12 oz small bottle) 2.35 C$
(1.72 $)
1.67 C$
(1.21 $)
     -29.2 %
Markets
Canada Edit Panama Edit
Milk (regular), (1 gallon) 11.11 C$
(8.09 $)
8.92 C$
(6.50 $)
     -19.7 %
Loaf of Fresh White Bread (1 lb) 3.27 C$
(2.38 $)
2.92 C$
(2.13 $)
     -10.9 %
Rice (white), (1 lb) 2.30 C$
(1.67 $)
1.32 C$
(0.96 $)
     -42.5 %
Eggs (regular) (12) 4.73 C$
(3.45 $)
3.39 C$
(2.47 $)
     -28.5 %
Local Cheese (1 lb) 7.13 C$
(5.19 $)
6.47 C$
(4.71 $)
     -9.3 %
Chicken Fillets (1 lb) 7.57 C$
(5.51 $)
4.49 C$
(3.27 $)
     -40.7 %
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 8.94 C$
(6.51 $)
5.15 C$
(3.75 $)
     -42.4 %
Apples (1 lb) 2.61 C$
(1.90 $)
1.89 C$
(1.38 $)
     -27.5 %
Banana (1 lb) 0.88 C$
(0.64 $)
0.84 C$
(0.61 $)
     -5.1 %
Oranges (1 lb) 2.36 C$
(1.72 $)
1.73 C$
(1.26 $)
     -26.6 %
Tomato (1 lb) 2.59 C$
(1.89 $)
1.83 C$
(1.33 $)
     -29.5 %
Potato (1 lb) 1.62 C$
(1.18 $)
1.30 C$
(0.95 $)
     -20.0 %
Onion (1 lb) 1.63 C$
(1.19 $)
1.26 C$
(0.92 $)
     -22.7 %
Lettuce (1 head) 3.55 C$
(2.59 $)
2.65 C$
(1.93 $)
     -25.4 %
Water (1.5 liter bottle) 2.45 C$
(1.79 $)
2.08 C$
(1.51 $)
     -15.3 %
Bottle of Wine (Mid-Range) 18.00 C$
(13.12 $)
10.98 C$
(8.00 $)
     -39.0 %
Domestic Beer (0.5 liter bottle) 4.09 C$
(2.98 $)
1.63 C$
(1.18 $)
     -60.2 %
Imported Beer (12 oz small bottle) 4.38 C$
(3.19 $)
2.61 C$
(1.90 $)
     -40.5 %
Cigarettes 20 Pack (Marlboro) 19.00 C$
(13.84 $)
7.89 C$
(5.75 $)
     -58.5 %
Transportation
Canada Edit Panama Edit
One-way Ticket (Local Transport) 3.50 C$
(2.55 $)
0.62 C$
(0.45 $)
     -82.4 %
Monthly Pass (Regular Price) 105.00 C$
(76.50 $)
34.31 C$
(25.00 $)
     -67.3 %
Taxi Start (Normal Tariff) 4.50 C$
(3.28 $)
2.74 C$
(2.00 $)
     -39.0 %
Taxi 1 mile (Normal Tariff) 3.33 C$
(2.43 $)
3.87 C$
(2.82 $)
     +16.0 %
Taxi 1hour Waiting (Normal Tariff) 39.00 C$
(28.42 $)
27.45 C$
(20.00 $)
     -29.6 %
Gasoline (1 gallon) 6.04 C$
(4.40 $)
5.11 C$
(3.72 $)
     -15.4 %
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 33,978.00 C$
(24,757.01 $)
33,282.15 C$
(24,250.00 $)
     -2.0 %
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 27,787.46 C$
(20,246.46 $)
27,707.86 C$
(20,188.46 $)
     -0.3 %
Utilities (Monthly)
Canada Edit Panama Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 215.01 C$
(156.66 $)
133.72 C$
(97.43 $)
     -37.8 %
Mobile Phone Monthly Plan with Calls and 10GB+ Data 65.63 C$
(47.82 $)
40.77 C$
(29.71 $)
     -37.9 %
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 85.80 C$
(62.52 $)
66.76 C$
(48.65 $)
     -22.2 %
Sports And Leisure
Canada Edit Panama Edit
Fitness Club, Monthly Fee for 1 Adult 58.10 C$
(42.33 $)
64.46 C$
(46.96 $)
     +10.9 %
Tennis Court Rent (1 Hour on Weekend) 26.90 C$
(19.60 $)
43.23 C$
(31.50 $)
     +60.7 %
Cinema, International Release, 1 Seat 15.82 C$
(11.52 $)
9.61 C$
(7.00 $)
     -39.3 %
Childcare
Canada Edit Panama Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 1,126.36 C$
(820.69 $)
495.61 C$
(361.11 $)
     -56.0 %
International Primary School, Yearly for 1 Child 18,030.10 C$
(13,137.07 $)
11,309.89 C$
(8,240.60 $)
     -37.3 %
Clothing And Shoes
Canada Edit Panama Edit
1 Pair of Jeans (Levis 501 Or Similar) 80.03 C$
(58.31 $)
67.19 C$
(48.95 $)
     -16.0 %
1 Summer Dress in a Chain Store (Zara, H&M, ...) 56.80 C$
(41.38 $)
53.89 C$
(39.26 $)
     -5.1 %
1 Pair of Nike Running Shoes (Mid-Range) 121.62 C$
(88.61 $)
108.13 C$
(78.78 $)
     -11.1 %
1 Pair of Men Leather Business Shoes 151.00 C$
(110.02 $)
117.02 C$
(85.26 $)
     -22.5 %
Rent Per Month
Canada Edit Panama Edit
Apartment (1 bedroom) in City Centre 1,914.88 C$
(1,395.22 $)
1,121.89 C$
(817.43 $)
     -41.4 %
Apartment (1 bedroom) Outside of Centre 1,730.01 C$
(1,260.52 $)
751.22 C$
(547.35 $)
     -56.6 %
Apartment (3 bedrooms) in City Centre 3,127.43 C$
(2,278.70 $)
2,317.04 C$
(1,688.24 $)
     -25.9 %
Apartment (3 bedrooms) Outside of Centre 2,636.00 C$
(1,920.64 $)
1,415.14 C$
(1,031.10 $)
     -46.3 %
Buy Apartment Price
Canada Edit Panama Edit
Price per Square Feet to Buy Apartment in City Centre 923.99 C$
(673.24 $)
298.14 C$
(217.23 $)
     -67.7 %
Price per Square Feet to Buy Apartment Outside of Centre 643.48 C$
(468.85 $)
178.51 C$
(130.06 $)
     -72.3 %
Salaries And Financing
Canada Edit Panama Edit
Average Monthly Net Salary (After Tax) 3,912.31 C$
(2,850.58 $)
1,087.80 C$
(792.59 $)
     -72.2 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 7.03 6.20      -11.8 %
Last update: April 2024April 2024
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