Cost of Living Comparison Between Canada and Panama 
| Indices Difference |  |
|---|---|
| Cost of Living in Panama is 29.9% lower than in Canada (without rent) | |
| Cost of Living Including Rent in Panama is 32.4% lower than in Canada | |
| Rent Prices in Panama are 38.2% lower than in Canada | |
| Restaurant Prices in Panama are 28.5% lower than in Canada | |
| Groceries Prices in Panama are 31.6% lower than in Canada | |
| Local Purchasing Power in Panama is 59.5% lower than in Canada | |
Restaurants | Canada Edit |
Panama Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
25.00 C$ (18.10 $) |
13.81 C$ (10.00 $) |
-44.7 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
100.00 C$ (72.39 $) |
82.88 C$ (60.00 $) |
-17.1 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
15.00 C$ (10.86 $) |
11.05 C$ (8.00 $) |
-26.3 % |
| Domestic Beer (1 pint draught) |
8.00 C$ (5.79 $) |
2.76 C$ (2.00 $) |
-65.5 % |
| Imported Beer (12 oz small bottle) |
8.00 C$ (5.79 $) |
4.83 C$ (3.50 $) |
-39.6 % |
| Cappuccino (regular) |
5.16 C$ (3.74 $) |
4.88 C$ (3.53 $) |
-5.4 % |
| Coke/Pepsi (12 oz small bottle) |
2.88 C$ (2.09 $) |
2.22 C$ (1.61 $) |
-22.9 % |
| Water (12 oz small bottle) |
2.34 C$ (1.70 $) |
1.77 C$ (1.28 $) |
-24.6 % |
Markets | Canada Edit |
Panama Edit | |
| Milk (regular), (1 gallon) |
11.16 C$ (8.08 $) |
9.18 C$ (6.64 $) |
-17.8 % |
| Loaf of Fresh White Bread (1 lb) |
3.30 C$ (2.39 $) |
2.97 C$ (2.15 $) |
-10.2 % |
| Rice (white), (1 lb) |
2.31 C$ (1.67 $) |
1.31 C$ (0.95 $) |
-43.2 % |
| Eggs (regular) (12) |
4.77 C$ (3.45 $) |
3.47 C$ (2.51 $) |
-27.3 % |
| Local Cheese (1 lb) |
7.11 C$ (5.15 $) |
6.96 C$ (5.04 $) |
-2.1 % |
| Chicken Fillets (1 lb) |
7.66 C$ (5.55 $) |
4.53 C$ (3.28 $) |
-40.8 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
9.04 C$ (6.55 $) |
5.29 C$ (3.83 $) |
-41.5 % |
| Apples (1 lb) |
2.60 C$ (1.88 $) |
2.00 C$ (1.45 $) |
-23.2 % |
| Banana (1 lb) |
0.89 C$ (0.65 $) |
0.87 C$ (0.63 $) |
-2.5 % |
| Oranges (1 lb) |
2.38 C$ (1.73 $) |
1.66 C$ (1.20 $) |
-30.2 % |
| Tomato (1 lb) |
2.57 C$ (1.86 $) |
1.72 C$ (1.25 $) |
-33.0 % |
| Potato (1 lb) |
1.64 C$ (1.19 $) |
1.29 C$ (0.93 $) |
-21.4 % |
| Onion (1 lb) |
1.64 C$ (1.19 $) |
1.31 C$ (0.95 $) |
-20.5 % |
| Lettuce (1 head) |
3.54 C$ (2.56 $) |
2.72 C$ (1.97 $) |
-23.2 % |
| Water (1.5 liter bottle) |
2.48 C$ (1.80 $) |
2.05 C$ (1.49 $) |
-17.4 % |
| Bottle of Wine (Mid-Range) |
18.00 C$ (13.03 $) |
12.43 C$ (9.00 $) |
-30.9 % |
| Domestic Beer (0.5 liter bottle) |
4.00 C$ (2.89 $) |
1.59 C$ (1.15 $) |
-60.2 % |
| Imported Beer (12 oz small bottle) |
4.39 C$ (3.18 $) |
2.55 C$ (1.84 $) |
-42.0 % |
| Cigarettes 20 Pack (Marlboro) |
19.00 C$ (13.75 $) |
7.60 C$ (5.50 $) |
-60.0 % |
Transportation | Canada Edit |
Panama Edit | |
| One-way Ticket (Local Transport) |
3.50 C$ (2.53 $) |
0.69 C$ (0.50 $) |
-80.3 % |
| Monthly Pass (Regular Price) |
104.90 C$ (75.94 $) |
34.53 C$ (25.00 $) |
-67.1 % |
| Taxi Start (Normal Tariff) |
4.50 C$ (3.26 $) |
2.76 C$ (2.00 $) |
-38.6 % |
| Taxi 1 mile (Normal Tariff) |
3.51 C$ (2.54 $) |
4.45 C$ (3.22 $) |
+26.7 % |
| Taxi 1hour Waiting (Normal Tariff) |
39.00 C$ (28.23 $) |
27.63 C$ (20.00 $) |
-29.2 % |
| Gasoline (1 gallon) |
6.09 C$ (4.41 $) |
5.07 C$ (3.67 $) |
-16.7 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
33,978.00 C$ (24,598.03 $) |
27,281.27 C$ (19,750.00 $) |
-19.7 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
27,799.52 C$ (20,125.19 $) |
27,166.16 C$ (19,666.67 $) |
-2.3 % |
Utilities (Monthly) | Canada Edit |
Panama Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
207.78 C$ (150.42 $) |
138.16 C$ (100.02 $) |
-33.5 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
64.60 C$ (46.76 $) |
40.54 C$ (29.35 $) |
-37.2 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
85.09 C$ (61.60 $) |
68.51 C$ (49.59 $) |
-19.5 % |
Sports And Leisure | Canada Edit |
Panama Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
56.96 C$ (41.24 $) |
73.36 C$ (53.11 $) |
+28.8 % |
| Tennis Court Rent (1 Hour on Weekend) |
24.56 C$ (17.78 $) |
43.74 C$ (31.67 $) |
+78.1 % |
| Cinema, International Release, 1 Seat |
15.75 C$ (11.40 $) |
9.67 C$ (7.00 $) |
-38.6 % |
Childcare | Canada Edit |
Panama Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
1,128.78 C$ (817.17 $) |
504.19 C$ (365.00 $) |
-55.3 % |
| International Primary School, Yearly for 1 Child |
17,949.01 C$ (12,994.00 $) |
10,805.99 C$ (7,822.89 $) |
-39.8 % |
Clothing And Shoes | Canada Edit |
Panama Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
78.30 C$ (56.68 $) |
69.31 C$ (50.18 $) |
-11.5 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
55.36 C$ (40.08 $) |
52.60 C$ (38.08 $) |
-5.0 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
121.46 C$ (87.93 $) |
110.83 C$ (80.24 $) |
-8.8 % |
| 1 Pair of Men Leather Business Shoes |
148.39 C$ (107.43 $) |
133.35 C$ (96.54 $) |
-10.1 % |
Rent Per Month | Canada Edit |
Panama Edit | |
| Apartment (1 bedroom) in City Centre |
1,904.88 C$ (1,379.02 $) |
1,118.27 C$ (809.56 $) |
-41.3 % |
| Apartment (1 bedroom) Outside of Centre |
1,687.06 C$ (1,221.33 $) |
781.34 C$ (565.65 $) |
-53.7 % |
| Apartment (3 bedrooms) in City Centre |
3,056.85 C$ (2,212.98 $) |
2,336.00 C$ (1,691.12 $) |
-23.6 % |
| Apartment (3 bedrooms) Outside of Centre |
2,585.91 C$ (1,872.04 $) |
1,466.97 C$ (1,062.00 $) |
-43.3 % |
Buy Apartment Price | Canada Edit |
Panama Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
909.80 C$ (658.64 $) |
303.55 C$ (219.75 $) |
-66.6 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
622.30 C$ (450.51 $) |
205.33 C$ (148.64 $) |
-67.0 % |
Salaries And Financing | Canada Edit |
Panama Edit | |
| Average Monthly Net Salary (After Tax) |
3,951.20 C$ (2,860.43 $) |
1,081.20 C$ (782.73 $) |
-72.6 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.72 | 6.12 | -8.9 % |
| Last update: | July 2024 | July 2024 | |
| Contributors in the past 12 months: | 4870 | 132 |
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