Cost of Living Comparison Between Canada and Panama 
| Indices Difference |  |
|---|---|
| Cost of Living in Panama is 29.5% lower than in Canada (excluding rent) | |
| Cost of Living Including Rent in Panama is 28.8% lower than in Canada | |
| Rent Prices in Panama are 27.2% lower than in Canada | |
| Restaurant Prices in Panama are 34.4% lower than in Canada | |
| Groceries Prices in Panama are 28.3% lower than in Canada | |
| Local Purchasing Power in Panama is 59.8% lower than in Canada | |
Restaurants | Canada Edit |
Panama Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
25.00 C$ (18.31 $) |
13.66 C$ (10.00 $) |
-45.4 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
100.00 C$ (73.22 $) |
68.28 C$ (50.00 $) |
-31.7 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
15.00 C$ (10.98 $) |
10.23 C$ (7.49 $) |
-31.8 % |
| Domestic Beer (1 pint draught) |
8.00 C$ (5.86 $) |
2.73 C$ (2.00 $) |
-65.9 % |
| Imported Beer (12 oz small bottle) |
8.00 C$ (5.86 $) |
4.78 C$ (3.50 $) |
-40.3 % |
| Cappuccino (regular) |
5.18 C$ (3.80 $) |
4.84 C$ (3.55 $) |
-6.6 % |
| Coke/Pepsi (12 oz small bottle) |
2.89 C$ (2.12 $) |
2.02 C$ (1.48 $) |
-30.1 % |
| Water (12 oz small bottle) |
2.33 C$ (1.71 $) |
1.73 C$ (1.26 $) |
-26.1 % |
Markets | Canada Edit |
Panama Edit | |
| Milk (regular), (1 gallon) |
11.62 C$ (8.51 $) |
9.38 C$ (6.87 $) |
-19.3 % |
| Loaf of Fresh White Bread (1 lb) |
3.36 C$ (2.46 $) |
3.00 C$ (2.20 $) |
-10.7 % |
| Rice (white), (1 lb) |
2.28 C$ (1.67 $) |
1.42 C$ (1.04 $) |
-37.9 % |
| Eggs (regular) (12) |
4.83 C$ (3.53 $) |
3.63 C$ (2.66 $) |
-24.8 % |
| Local Cheese (1 lb) |
7.09 C$ (5.19 $) |
7.01 C$ (5.14 $) |
-1.1 % |
| Chicken Fillets (1 lb) |
7.60 C$ (5.57 $) |
4.45 C$ (3.26 $) |
-41.5 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
9.35 C$ (6.85 $) |
5.75 C$ (4.21 $) |
-38.5 % |
| Apples (1 lb) |
2.61 C$ (1.91 $) |
2.45 C$ (1.80 $) |
-5.9 % |
| Banana (1 lb) |
0.91 C$ (0.66 $) |
0.84 C$ (0.61 $) |
-7.7 % |
| Oranges (1 lb) |
2.40 C$ (1.75 $) |
1.80 C$ (1.32 $) |
-24.8 % |
| Tomato (1 lb) |
2.57 C$ (1.88 $) |
1.86 C$ (1.36 $) |
-27.5 % |
| Potato (1 lb) |
1.67 C$ (1.22 $) |
1.33 C$ (0.97 $) |
-20.4 % |
| Onion (1 lb) |
1.67 C$ (1.22 $) |
1.49 C$ (1.09 $) |
-10.3 % |
| Lettuce (1 head) |
3.51 C$ (2.57 $) |
2.88 C$ (2.11 $) |
-17.9 % |
| Water (1.5 liter bottle) |
2.50 C$ (1.83 $) |
2.17 C$ (1.59 $) |
-13.3 % |
| Bottle of Wine (Mid-Range) |
18.00 C$ (13.18 $) |
13.66 C$ (10.00 $) |
-24.1 % |
| Domestic Beer (0.5 liter bottle) |
4.06 C$ (2.97 $) |
1.68 C$ (1.23 $) |
-58.5 % |
| Imported Beer (12 oz small bottle) |
4.55 C$ (3.33 $) |
3.04 C$ (2.23 $) |
-33.2 % |
| Cigarettes 20 Pack (Marlboro) |
20.00 C$ (14.64 $) |
8.09 C$ (5.92 $) |
-59.5 % |
Transportation | Canada Edit |
Panama Edit | |
| One-way Ticket (Local Transport) |
3.50 C$ (2.56 $) |
0.68 C$ (0.50 $) |
-80.5 % |
| Monthly Pass (Regular Price) |
104.38 C$ (76.43 $) |
34.14 C$ (25.00 $) |
-67.3 % |
| Taxi Start (Normal Tariff) |
4.70 C$ (3.44 $) |
2.73 C$ (2.00 $) |
-41.9 % |
| Taxi 1 mile (Normal Tariff) |
3.51 C$ (2.57 $) |
4.40 C$ (3.22 $) |
+25.3 % |
| Taxi 1hour Waiting (Normal Tariff) |
38.93 C$ (28.51 $) |
28.68 C$ (21.00 $) |
-26.3 % |
| Gasoline (1 gallon) |
6.05 C$ (4.43 $) |
4.76 C$ (3.49 $) |
-21.3 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
33,978.00 C$ (24,880.08 $) |
29,703.34 C$ (21,750.00 $) |
-12.6 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
28,067.44 C$ (20,552.12 $) |
28,787.84 C$ (21,079.63 $) |
+2.6 % |
Utilities (Monthly) | Canada Edit |
Panama Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
209.40 C$ (153.33 $) |
147.17 C$ (107.76 $) |
-29.7 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
62.18 C$ (45.53 $) |
39.79 C$ (29.14 $) |
-36.0 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
85.42 C$ (62.55 $) |
65.57 C$ (48.01 $) |
-23.2 % |
Sports And Leisure | Canada Edit |
Panama Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
58.67 C$ (42.96 $) |
68.57 C$ (50.21 $) |
+16.9 % |
| Tennis Court Rent (1 Hour on Weekend) |
24.24 C$ (17.75 $) |
46.09 C$ (33.75 $) |
+90.1 % |
| Cinema, International Release, 1 Seat |
15.50 C$ (11.35 $) |
9.56 C$ (7.00 $) |
-38.3 % |
Childcare | Canada Edit |
Panama Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
1,103.58 C$ (808.09 $) |
610.00 C$ (446.67 $) |
-44.7 % |
| International Primary School, Yearly for 1 Child |
16,442.41 C$ (12,039.80 $) |
15,690.04 C$ (11,488.89 $) |
-4.6 % |
Clothing And Shoes | Canada Edit |
Panama Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
76.03 C$ (55.67 $) |
64.19 C$ (47.00 $) |
-15.6 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
56.75 C$ (41.56 $) |
56.20 C$ (41.15 $) |
-1.0 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
121.08 C$ (88.66 $) |
115.66 C$ (84.69 $) |
-4.5 % |
| 1 Pair of Men Leather Business Shoes |
146.27 C$ (107.10 $) |
161.04 C$ (117.92 $) |
+10.1 % |
Rent Per Month | Canada Edit |
Panama Edit | |
| Apartment (1 bedroom) in City Centre |
1,841.37 C$ (1,348.32 $) |
1,280.32 C$ (937.50 $) |
-30.5 % |
| Apartment (1 bedroom) Outside of Centre |
1,624.84 C$ (1,189.77 $) |
976.91 C$ (715.33 $) |
-39.9 % |
| Apartment (3 bedrooms) in City Centre |
2,924.35 C$ (2,141.33 $) |
2,381.82 C$ (1,744.06 $) |
-18.6 % |
| Apartment (3 bedrooms) Outside of Centre |
2,527.53 C$ (1,850.76 $) |
1,855.85 C$ (1,358.93 $) |
-26.6 % |
Buy Apartment Price | Canada Edit |
Panama Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
832.10 C$ (609.30 $) |
263.96 C$ (193.28 $) |
-68.3 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
598.22 C$ (438.04 $) |
196.06 C$ (143.56 $) |
-67.2 % |
Salaries And Financing | Canada Edit |
Panama Edit | |
| Average Monthly Net Salary (After Tax) |
3,945.78 C$ (2,889.26 $) |
1,128.43 C$ (826.28 $) |
-71.4 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.33 | 6.30 | -0.4 % |
| Last update: | 12 June 2025 | 10 June 2025 | |
| Contributors in the past 12 months: | 3749 | 101 |
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