Cost of Living Comparison Between Canada and Panama 
| Indices Difference |  |
|---|---|
| Cost of Living in Panama is 28.2% lower than in Canada (excluding rent) | |
| Cost of Living Including Rent in Panama is 27.7% lower than in Canada | |
| Rent Prices in Panama are 26.6% lower than in Canada | |
| Restaurant Prices in Panama are 33.6% lower than in Canada | |
| Groceries Prices in Panama are 27.5% lower than in Canada | |
| Local Purchasing Power in Panama is 59.7% lower than in Canada | |
Restaurants | Canada Edit |
Panama Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
25.00 C$ (18.00 $) |
13.89 C$ (10.00 $) |
-44.5 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
100.00 C$ (72.01 $) |
69.43 C$ (50.00 $) |
-30.6 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
15.00 C$ (10.80 $) |
10.40 C$ (7.49 $) |
-30.7 % |
| Domestic Beer (1 pint draught) |
8.00 C$ (5.76 $) |
2.78 C$ (2.00 $) |
-65.3 % |
| Imported Beer (12 oz small bottle) |
8.00 C$ (5.76 $) |
4.86 C$ (3.50 $) |
-39.2 % |
| Cappuccino (regular) |
5.19 C$ (3.74 $) |
4.82 C$ (3.47 $) |
-7.1 % |
| Coke/Pepsi (12 oz small bottle) |
2.89 C$ (2.08 $) |
2.05 C$ (1.48 $) |
-29.1 % |
| Water (12 oz small bottle) |
2.34 C$ (1.69 $) |
1.70 C$ (1.22 $) |
-27.4 % |
Markets | Canada Edit |
Panama Edit | |
| Milk (regular), (1 gallon) |
11.68 C$ (8.41 $) |
9.52 C$ (6.85 $) |
-18.5 % |
| Loaf of Fresh White Bread (1 lb) |
3.37 C$ (2.42 $) |
3.07 C$ (2.21 $) |
-8.7 % |
| Rice (white), (1 lb) |
2.29 C$ (1.65 $) |
1.45 C$ (1.04 $) |
-36.8 % |
| Eggs (regular) (12) |
4.83 C$ (3.48 $) |
3.71 C$ (2.67 $) |
-23.3 % |
| Local Cheese (1 lb) |
7.10 C$ (5.11 $) |
7.37 C$ (5.31 $) |
+3.9 % |
| Chicken Fillets (1 lb) |
7.61 C$ (5.48 $) |
4.57 C$ (3.29 $) |
-39.9 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
9.32 C$ (6.71 $) |
5.66 C$ (4.08 $) |
-39.2 % |
| Apples (1 lb) |
2.61 C$ (1.88 $) |
2.54 C$ (1.83 $) |
-2.5 % |
| Banana (1 lb) |
0.90 C$ (0.65 $) |
0.83 C$ (0.60 $) |
-7.3 % |
| Oranges (1 lb) |
2.40 C$ (1.73 $) |
1.77 C$ (1.27 $) |
-26.3 % |
| Tomato (1 lb) |
2.58 C$ (1.86 $) |
1.85 C$ (1.33 $) |
-28.4 % |
| Potato (1 lb) |
1.67 C$ (1.21 $) |
1.32 C$ (0.95 $) |
-21.0 % |
| Onion (1 lb) |
1.67 C$ (1.20 $) |
1.45 C$ (1.05 $) |
-12.8 % |
| Lettuce (1 head) |
3.51 C$ (2.53 $) |
2.88 C$ (2.08 $) |
-18.0 % |
| Water (1.5 liter bottle) |
2.50 C$ (1.80 $) |
2.16 C$ (1.56 $) |
-13.4 % |
| Bottle of Wine (Mid-Range) |
18.00 C$ (12.96 $) |
13.89 C$ (10.00 $) |
-22.9 % |
| Domestic Beer (0.5 liter bottle) |
4.08 C$ (2.94 $) |
1.67 C$ (1.20 $) |
-59.1 % |
| Imported Beer (12 oz small bottle) |
4.56 C$ (3.29 $) |
2.98 C$ (2.15 $) |
-34.7 % |
| Cigarettes 20 Pack (Marlboro) |
20.00 C$ (14.40 $) |
8.23 C$ (5.92 $) |
-58.9 % |
Transportation | Canada Edit |
Panama Edit | |
| One-way Ticket (Local Transport) |
3.50 C$ (2.52 $) |
0.76 C$ (0.55 $) |
-78.2 % |
| Monthly Pass (Regular Price) |
106.00 C$ (76.33 $) |
34.72 C$ (25.00 $) |
-67.2 % |
| Taxi Start (Normal Tariff) |
4.55 C$ (3.28 $) |
3.12 C$ (2.25 $) |
-31.3 % |
| Taxi 1 mile (Normal Tariff) |
3.51 C$ (2.53 $) |
4.47 C$ (3.22 $) |
+27.4 % |
| Taxi 1hour Waiting (Normal Tariff) |
38.93 C$ (28.03 $) |
29.16 C$ (21.00 $) |
-25.1 % |
| Gasoline (1 gallon) |
6.08 C$ (4.37 $) |
4.88 C$ (3.51 $) |
-19.7 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
33,978.00 C$ (24,468.37 $) |
27,773.00 C$ (20,000.00 $) |
-18.3 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
28,055.45 C$ (20,203.40 $) |
29,806.79 C$ (21,464.58 $) |
+6.2 % |
Utilities (Monthly) | Canada Edit |
Panama Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
205.21 C$ (147.78 $) |
151.37 C$ (109.00 $) |
-26.2 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
62.64 C$ (45.11 $) |
40.92 C$ (29.47 $) |
-34.7 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
84.71 C$ (61.00 $) |
67.76 C$ (48.80 $) |
-20.0 % |
Sports And Leisure | Canada Edit |
Panama Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
58.78 C$ (42.33 $) |
72.63 C$ (52.30 $) |
+23.6 % |
| Tennis Court Rent (1 Hour on Weekend) |
24.16 C$ (17.40 $) |
52.07 C$ (37.50 $) |
+115.5 % |
| Cinema, International Release, 1 Seat |
15.75 C$ (11.34 $) |
9.72 C$ (7.00 $) |
-38.3 % |
Childcare | Canada Edit |
Panama Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
1,116.35 C$ (803.91 $) |
620.26 C$ (446.67 $) |
-44.4 % |
| International Primary School, Yearly for 1 Child |
16,551.23 C$ (11,918.93 $) |
14,476.68 C$ (10,425.00 $) |
-12.5 % |
Clothing And Shoes | Canada Edit |
Panama Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
76.71 C$ (55.24 $) |
67.03 C$ (48.27 $) |
-12.6 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
56.99 C$ (41.04 $) |
57.15 C$ (41.15 $) |
+0.3 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
121.66 C$ (87.61 $) |
116.18 C$ (83.67 $) |
-4.5 % |
| 1 Pair of Men Leather Business Shoes |
147.94 C$ (106.54 $) |
153.38 C$ (110.45 $) |
+3.7 % |
Rent Per Month | Canada Edit |
Panama Edit | |
| Apartment (1 bedroom) in City Centre |
1,844.57 C$ (1,328.32 $) |
1,278.19 C$ (920.45 $) |
-30.7 % |
| Apartment (1 bedroom) Outside of Centre |
1,643.03 C$ (1,183.19 $) |
970.14 C$ (698.62 $) |
-41.0 % |
| Apartment (3 bedrooms) in City Centre |
2,951.10 C$ (2,125.16 $) |
2,507.25 C$ (1,805.53 $) |
-15.0 % |
| Apartment (3 bedrooms) Outside of Centre |
2,555.29 C$ (1,840.13 $) |
1,846.90 C$ (1,330.00 $) |
-27.7 % |
Buy Apartment Price | Canada Edit |
Panama Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
859.87 C$ (619.21 $) |
278.98 C$ (200.90 $) |
-67.6 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
601.69 C$ (433.29 $) |
199.36 C$ (143.56 $) |
-66.9 % |
Salaries And Financing | Canada Edit |
Panama Edit | |
| Average Monthly Net Salary (After Tax) |
3,939.50 C$ (2,836.93 $) |
1,147.42 C$ (826.28 $) |
-70.9 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.36 | 6.30 | -0.9 % |
| Last update: | April 2025 | April 2025 | |
| Contributors in the past 12 months: | 3813 | 91 |
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