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
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
Currency: Sticky Currency      Switch to metric measurement units
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 202510 June 2025
Contributors in the past 12 months:3749101