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Cost of Living Comparison Between Canada and Panama 
| Indices Difference |  |
|---|---|
| Consumer Prices in Panama are 26.82% lower than in Canada | |
| Consumer Prices Including Rent in Panama are 21.63% lower than in Canada | |
| Rent Prices in Panama are 8.25% lower than in Canada | |
| Restaurant Prices in Panama are 35.01% lower than in Canada | |
| Groceries Prices in Panama are 25.50% lower than in Canada | |
| Local Purchasing Power in Panama is 67.07% lower than in Canada | |
| Canada | Panama | Difference | |
|---|---|---|---|
| Restaurants | [ Edit ] | [ Edit ] | |
| Meal, Inexpensive Restaurant |
15.00 C$ (12.21 $) |
8.90 C$ (7.25 $) |
-40.64 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
65.00 C$ (52.92 $) |
44.21 C$ (36.00 $) |
-31.98 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
9.00 C$ (7.33 $) |
7.37 C$ (6.00 $) |
-18.12 % |
| Domestic Beer (1 pint draught) |
6.00 C$ (4.89 $) |
1.84 C$ (1.50 $) |
-69.30 % |
| Imported Beer (11.2 oz small bottle) |
6.50 C$ (5.29 $) |
3.68 C$ (3.00 $) |
-43.32 % |
| Cappuccino (regular) |
3.84 C$ (3.12 $) |
3.14 C$ (2.55 $) |
-18.25 % |
| Coke/Pepsi (11.2 oz small bottle) |
2.00 C$ (1.62 $) |
1.33 C$ (1.09 $) |
-33.13 % |
| Water (11.2 oz small bottle) |
1.70 C$ (1.38 $) |
1.21 C$ (0.98 $) |
-28.80 % |
| Markets | [ Edit ] | [ Edit ] | |
| Milk (regular), (1 gallon) |
7.94 C$ (6.47 $) |
6.68 C$ (5.44 $) |
-15.96 % |
| Loaf of Fresh White Bread (1 lb) |
2.50 C$ (2.04 $) |
2.18 C$ (1.77 $) |
-13.06 % |
| Rice (white), (1 lb) |
1.80 C$ (1.46 $) |
0.87 C$ (0.71 $) |
-51.77 % |
| Eggs (regular) (12) |
3.27 C$ (2.66 $) |
2.47 C$ (2.01 $) |
-24.28 % |
| Local Cheese (1 lb) |
5.27 C$ (4.29 $) |
4.00 C$ (3.26 $) |
-24.04 % |
| Chicken Breasts (Boneless, Skinless), (1 lb) |
5.77 C$ (4.70 $) |
3.50 C$ (2.85 $) |
-39.31 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
6.16 C$ (5.01 $) |
4.14 C$ (3.37 $) |
-32.77 % |
| Apples (1 lb) |
1.77 C$ (1.44 $) |
1.74 C$ (1.42 $) |
-1.61 % |
| Banana (1 lb) |
0.80 C$ (0.65 $) |
0.58 C$ (0.48 $) |
-26.70 % |
| Oranges (1 lb) |
1.70 C$ (1.39 $) |
2.07 C$ (1.69 $) |
+21.60 % |
| Tomato (1 lb) |
1.65 C$ (1.34 $) |
1.43 C$ (1.17 $) |
-13.04 % |
| Potato (1 lb) |
1.10 C$ (0.89 $) |
0.86 C$ (0.70 $) |
-21.35 % |
| Onion (1 lb) |
1.08 C$ (0.88 $) |
0.87 C$ (0.71 $) |
-19.46 % |
| Lettuce (1 head) |
2.21 C$ (1.80 $) |
1.65 C$ (1.35 $) |
-24.97 % |
| Water (1.5 liter bottle) |
2.18 C$ (1.78 $) |
1.69 C$ (1.38 $) |
-22.42 % |
| Bottle of Wine (Mid-Range) |
15.00 C$ (12.21 $) |
9.83 C$ (8.00 $) |
-34.50 % |
| Domestic Beer (0.5 liter bottle) |
2.61 C$ (2.13 $) |
0.96 C$ (0.78 $) |
-63.31 % |
| Imported Beer (11.2 oz small bottle) |
3.07 C$ (2.50 $) |
2.51 C$ (2.04 $) |
-18.24 % |
| Pack of Cigarettes (Marlboro) |
12.75 C$ (10.38 $) |
6.14 C$ (5.00 $) |
-51.84 % |
| Transportation | [ Edit ] | [ Edit ] | |
| One-way Ticket (Local Transport) |
3.10 C$ (2.52 $) |
0.43 C$ (0.35 $) |
-86.13 % |
| Monthly Pass (Regular Price) |
91.00 C$ (74.09 $) |
36.85 C$ (30.00 $) |
-59.51 % |
| Taxi Start (Normal Tariff) |
3.50 C$ (2.85 $) |
1.84 C$ (1.50 $) |
-47.36 % |
| Taxi 1 mile (Normal Tariff) |
2.91 C$ (2.37 $) |
3.68 C$ (3.00 $) |
+26.49 % |
| Taxi 1hour Waiting (Normal Tariff) |
32.35 C$ (26.34 $) |
12.28 C$ (10.00 $) |
-62.03 % |
| Gasoline (1 gallon) |
4.12 C$ (3.35 $) |
3.33 C$ (2.71 $) |
-19.06 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
23,000.00 C$ (18,727.05 $) |
20,878.89 C$ (17,000.00 $) |
-9.22 % |
| Toyota Corolla 1.6l 97kW Comfort (Or Equivalent New Car) |
21,557.46 C$ (17,552.51 $) |
24,726.75 C$ (20,133.00 $) |
+14.70 % |
| Utilities (Monthly) | [ Edit ] | [ Edit ] | |
| Basic (Electricity, Heating, Water, Garbage) for 915 sq ft Apartment |
138.66 C$ (112.90 $) |
86.84 C$ (70.70 $) |
-37.37 % |
| 1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) |
0.31 C$ (0.25 $) |
0.15 C$ (0.12 $) |
-52.74 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
63.59 C$ (51.77 $) |
51.41 C$ (41.86 $) |
-19.14 % |
| Sports And Leisure | [ Edit ] | [ Edit ] | |
| Fitness Club, Monthly Fee for 1 Adult |
48.44 C$ (39.44 $) |
68.03 C$ (55.39 $) |
+40.44 % |
| Tennis Court Rent (1 Hour on Weekend) |
20.60 C$ (16.77 $) |
25.33 C$ (20.62 $) |
+22.98 % |
| Cinema, International Release, 1 Seat |
12.99 C$ (10.58 $) |
7.37 C$ (6.00 $) |
-43.27 % |
| Childcare | [ Edit ] | [ Edit ] | |
| Preschool (or Kindergarten), Private, Monthly for 1 Child |
989.93 C$ (806.02 $) |
263.44 C$ (214.50 $) |
-73.39 % |
| International Primary School, Yearly for 1 Child |
16,000.00 C$ (13,027.51 $) |
7,690.34 C$ (6,261.63 $) |
-51.94 % |
| Clothing And Shoes | [ Edit ] | [ Edit ] | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
59.58 C$ (48.51 $) |
59.94 C$ (48.80 $) |
+0.60 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
42.55 C$ (34.64 $) |
43.86 C$ (35.71 $) |
+3.10 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
99.40 C$ (80.94 $) |
92.29 C$ (75.15 $) |
-7.15 % |
| 1 Pair of Men Leather Business Shoes |
122.25 C$ (99.54 $) |
92.41 C$ (75.24 $) |
-24.41 % |
| Rent Per Month | [ Edit ] | [ Edit ] | |
| Apartment (1 bedroom) in City Centre |
1,127.63 C$ (918.14 $) |
1,052.02 C$ (856.58 $) |
-6.70 % |
| Apartment (1 bedroom) Outside of Centre |
904.62 C$ (736.56 $) |
665.59 C$ (541.94 $) |
-26.42 % |
| Apartment (3 bedrooms) in City Centre |
1,834.41 C$ (1,493.62 $) |
1,975.31 C$ (1,608.33 $) |
+7.68 % |
| Apartment (3 bedrooms) Outside of Centre |
1,478.45 C$ (1,203.79 $) |
1,211.33 C$ (986.29 $) |
-18.07 % |
| Buy Apartment Price | [ Edit ] | [ Edit ] | |
| Price per Square Feet to Buy Apartment in City Centre |
404.86 C$ (329.64 $) |
243.38 C$ (198.16 $) |
-39.89 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
292.17 C$ (237.89 $) |
158.13 C$ (128.75 $) |
-45.88 % |
| Salaries And Financing | [ Edit ] | [ Edit ] | |
| Average Monthly Net Salary (After Tax) |
2,993.68 C$ (2,437.51 $) |
772.57 C$ (629.04 $) |
-74.19 % |
| Mortgage Interest Rate in Percentages (%), Yearly | 2.87 | 5.15 | +79.44 % |
| Last update: | September 2017 | September 2017 | |
| Contributors: | 5879 | 205 | |
| Data from past: | 18 months | 18 months | |
| Currency: CAD |