Cost of Living Comparison Between Panama and Canada 
| Indices Difference |  |
|---|---|
| Cost of Living in Canada is 39.2% higher than in Panama (excluding rent) | |
| Cost of Living Including Rent in Canada is 38.3% higher than in Panama | |
| Rent Prices in Canada are 36.2% higher than in Panama | |
| Restaurant Prices in Canada are 50.6% higher than in Panama | |
| Groceries Prices in Canada are 37.9% higher than in Panama | |
| Local Purchasing Power in Canada is 148.2% higher than in Panama | |
Restaurants | Panama Edit |
Canada Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
10.00 $ (13.89 C$) |
18.00 $ (25.00 C$) |
+80.0 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
50.00 $ (69.43 C$) |
72.01 $ (100.00 C$) |
+44.0 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
7.49 $ (10.40 C$) |
10.80 $ (15.00 C$) |
+44.2 % |
| Domestic Beer (1 pint draught) |
2.00 $ (2.78 C$) |
5.76 $ (8.00 C$) |
+188.0 % |
| Imported Beer (12 oz small bottle) |
3.50 $ (4.86 C$) |
5.76 $ (8.00 C$) |
+64.6 % |
| Cappuccino (regular) |
3.47 $ (4.82 C$) |
3.74 $ (5.19 C$) |
+7.6 % |
| Coke/Pepsi (12 oz small bottle) |
1.48 $ (2.05 C$) |
2.08 $ (2.89 C$) |
+41.0 % |
| Water (12 oz small bottle) |
1.22 $ (1.70 C$) |
1.69 $ (2.34 C$) |
+37.8 % |
Markets | Panama Edit |
Canada Edit | |
| Milk (regular), (1 gallon) |
6.85 $ (9.52 C$) |
8.41 $ (11.68 C$) |
+22.8 % |
| Loaf of Fresh White Bread (1 lb) |
2.21 $ (3.07 C$) |
2.42 $ (3.37 C$) |
+9.6 % |
| Rice (white), (1 lb) |
1.04 $ (1.45 C$) |
1.65 $ (2.29 C$) |
+58.1 % |
| Eggs (regular) (12) |
2.67 $ (3.71 C$) |
3.48 $ (4.83 C$) |
+30.4 % |
| Local Cheese (1 lb) |
5.31 $ (7.37 C$) |
5.11 $ (7.10 C$) |
-3.7 % |
| Chicken Fillets (1 lb) |
3.29 $ (4.57 C$) |
5.48 $ (7.61 C$) |
+66.3 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
4.08 $ (5.66 C$) |
6.71 $ (9.32 C$) |
+64.6 % |
| Apples (1 lb) |
1.83 $ (2.54 C$) |
1.88 $ (2.61 C$) |
+2.5 % |
| Banana (1 lb) |
0.60 $ (0.83 C$) |
0.65 $ (0.90 C$) |
+7.9 % |
| Oranges (1 lb) |
1.27 $ (1.77 C$) |
1.73 $ (2.40 C$) |
+35.7 % |
| Tomato (1 lb) |
1.33 $ (1.85 C$) |
1.86 $ (2.58 C$) |
+39.7 % |
| Potato (1 lb) |
0.95 $ (1.32 C$) |
1.21 $ (1.67 C$) |
+26.5 % |
| Onion (1 lb) |
1.05 $ (1.45 C$) |
1.20 $ (1.67 C$) |
+14.6 % |
| Lettuce (1 head) |
2.08 $ (2.88 C$) |
2.53 $ (3.51 C$) |
+21.9 % |
| Water (1.5 liter bottle) |
1.56 $ (2.16 C$) |
1.80 $ (2.50 C$) |
+15.5 % |
| Bottle of Wine (Mid-Range) |
10.00 $ (13.89 C$) |
12.96 $ (18.00 C$) |
+29.6 % |
| Domestic Beer (0.5 liter bottle) |
1.20 $ (1.67 C$) |
2.94 $ (4.08 C$) |
+144.5 % |
| Imported Beer (12 oz small bottle) |
2.15 $ (2.98 C$) |
3.29 $ (4.56 C$) |
+53.0 % |
| Cigarettes 20 Pack (Marlboro) |
5.92 $ (8.23 C$) |
14.40 $ (20.00 C$) |
+143.1 % |
Transportation | Panama Edit |
Canada Edit | |
| One-way Ticket (Local Transport) |
0.55 $ (0.76 C$) |
2.52 $ (3.50 C$) |
+358.3 % |
| Monthly Pass (Regular Price) |
25.00 $ (34.72 C$) |
76.33 $ (106.00 C$) |
+205.3 % |
| Taxi Start (Normal Tariff) |
2.25 $ (3.12 C$) |
3.28 $ (4.55 C$) |
+45.6 % |
| Taxi 1 mile (Normal Tariff) |
3.22 $ (4.47 C$) |
2.53 $ (3.51 C$) |
-21.5 % |
| Taxi 1hour Waiting (Normal Tariff) |
21.00 $ (29.16 C$) |
28.03 $ (38.93 C$) |
+33.5 % |
| Gasoline (1 gallon) |
3.51 $ (4.88 C$) |
4.37 $ (6.08 C$) |
+24.5 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
20,000.00 $ (27,773.00 C$) |
24,468.37 $ (33,978.00 C$) |
+22.3 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
21,464.58 $ (29,806.79 C$) |
20,203.40 $ (28,055.45 C$) |
-5.9 % |
Utilities (Monthly) | Panama Edit |
Canada Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
109.00 $ (151.37 C$) |
147.78 $ (205.21 C$) |
+35.6 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
29.47 $ (40.92 C$) |
45.11 $ (62.64 C$) |
+53.1 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
48.80 $ (67.76 C$) |
61.00 $ (84.71 C$) |
+25.0 % |
Sports And Leisure | Panama Edit |
Canada Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
52.30 $ (72.63 C$) |
42.33 $ (58.78 C$) |
-19.1 % |
| Tennis Court Rent (1 Hour on Weekend) |
37.50 $ (52.07 C$) |
17.40 $ (24.16 C$) |
-53.6 % |
| Cinema, International Release, 1 Seat |
7.00 $ (9.72 C$) |
11.34 $ (15.75 C$) |
+62.0 % |
Childcare | Panama Edit |
Canada Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
446.67 $ (620.26 C$) |
803.91 $ (1,116.35 C$) |
+80.0 % |
| International Primary School, Yearly for 1 Child |
10,425.00 $ (14,476.68 C$) |
11,918.93 $ (16,551.23 C$) |
+14.3 % |
Clothing And Shoes | Panama Edit |
Canada Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
48.27 $ (67.03 C$) |
55.24 $ (76.71 C$) |
+14.4 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
41.15 $ (57.15 C$) |
41.04 $ (56.99 C$) |
-0.3 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
83.67 $ (116.18 C$) |
87.61 $ (121.66 C$) |
+4.7 % |
| 1 Pair of Men Leather Business Shoes |
110.45 $ (153.38 C$) |
106.54 $ (147.94 C$) |
-3.5 % |
Rent Per Month | Panama Edit |
Canada Edit | |
| Apartment (1 bedroom) in City Centre |
920.45 $ (1,278.19 C$) |
1,328.32 $ (1,844.57 C$) |
+44.3 % |
| Apartment (1 bedroom) Outside of Centre |
698.62 $ (970.14 C$) |
1,183.19 $ (1,643.03 C$) |
+69.4 % |
| Apartment (3 bedrooms) in City Centre |
1,805.53 $ (2,507.25 C$) |
2,125.16 $ (2,951.10 C$) |
+17.7 % |
| Apartment (3 bedrooms) Outside of Centre |
1,330.00 $ (1,846.90 C$) |
1,840.13 $ (2,555.29 C$) |
+38.4 % |
Buy Apartment Price | Panama Edit |
Canada Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
200.90 $ (278.98 C$) |
619.21 $ (859.87 C$) |
+208.2 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
143.56 $ (199.36 C$) |
433.29 $ (601.69 C$) |
+201.8 % |
Salaries And Financing | Panama Edit |
Canada Edit | |
| Average Monthly Net Salary (After Tax) |
826.28 $ (1,147.42 C$) |
2,836.93 $ (3,939.50 C$) |
+243.3 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.30 | 6.36 | +0.9 % |
| Last update: | April 2025 | April 2025 | |
| Contributors in the past 12 months: | 91 | 3813 |
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