Cost of Living Comparison Between Panama and Canada 
| Indices Difference |  |
|---|---|
| Consumer Prices in Canada are 40.6% higher than in Panama (without rent) | |
| Consumer Prices Including Rent in Canada are 48.1% higher than in Panama | |
| Rent Prices in Canada are 66.9% higher than in Panama | |
| Restaurant Prices in Canada are 46.3% higher than in Panama | |
| Groceries Prices in Canada are 47.6% higher than in Panama | |
| Local Purchasing Power in Canada is 144.5% higher than in Panama | |
Restaurants | Panama Edit |
Canada Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
10.00 $ (13.68 C$) |
18.28 $ (25.00 C$) |
+82.8 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
60.00 $ (82.06 C$) |
73.11 $ (100.00 C$) |
+21.9 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
8.00 $ (10.94 C$) |
10.73 $ (14.67 C$) |
+34.1 % |
| Domestic Beer (1 pint draught) |
2.00 $ (2.74 C$) |
5.85 $ (8.00 C$) |
+192.5 % |
| Imported Beer (12 oz small bottle) |
3.12 $ (4.27 C$) |
5.85 $ (8.00 C$) |
+87.2 % |
| Cappuccino (regular) |
3.49 $ (4.77 C$) |
3.73 $ (5.11 C$) |
+7.1 % |
| Coke/Pepsi (12 oz small bottle) |
1.57 $ (2.14 C$) |
2.11 $ (2.88 C$) |
+34.5 % |
| Water (12 oz small bottle) |
1.22 $ (1.67 C$) |
1.72 $ (2.35 C$) |
+40.8 % |
Markets | Panama Edit |
Canada Edit | |
| Milk (regular), (1 gallon) |
6.55 $ (8.96 C$) |
8.16 $ (11.16 C$) |
+24.7 % |
| Loaf of Fresh White Bread (1 lb) |
2.11 $ (2.88 C$) |
2.39 $ (3.27 C$) |
+13.6 % |
| Rice (white), (1 lb) |
0.95 $ (1.30 C$) |
1.67 $ (2.28 C$) |
+76.3 % |
| Eggs (regular) (12) |
2.48 $ (3.39 C$) |
3.47 $ (4.74 C$) |
+39.8 % |
| Local Cheese (1 lb) |
4.71 $ (6.44 C$) |
5.21 $ (7.13 C$) |
+10.7 % |
| Chicken Fillets (1 lb) |
3.27 $ (4.47 C$) |
5.54 $ (7.57 C$) |
+69.3 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
3.75 $ (5.14 C$) |
6.56 $ (8.97 C$) |
+74.6 % |
| Apples (1 lb) |
1.46 $ (1.99 C$) |
1.90 $ (2.60 C$) |
+30.5 % |
| Banana (1 lb) |
0.60 $ (0.83 C$) |
0.65 $ (0.89 C$) |
+7.2 % |
| Oranges (1 lb) |
1.26 $ (1.72 C$) |
1.73 $ (2.36 C$) |
+37.0 % |
| Tomato (1 lb) |
1.33 $ (1.82 C$) |
1.90 $ (2.60 C$) |
+42.6 % |
| Potato (1 lb) |
0.95 $ (1.29 C$) |
1.19 $ (1.63 C$) |
+25.9 % |
| Onion (1 lb) |
0.96 $ (1.31 C$) |
1.20 $ (1.64 C$) |
+25.3 % |
| Lettuce (1 head) |
1.93 $ (2.64 C$) |
2.60 $ (3.55 C$) |
+34.6 % |
| Water (1.5 liter bottle) |
1.51 $ (2.07 C$) |
1.82 $ (2.48 C$) |
+19.9 % |
| Bottle of Wine (Mid-Range) |
9.00 $ (12.31 C$) |
13.16 $ (18.00 C$) |
+46.2 % |
| Domestic Beer (0.5 liter bottle) |
1.15 $ (1.57 C$) |
2.98 $ (4.08 C$) |
+159.8 % |
| Imported Beer (12 oz small bottle) |
1.88 $ (2.57 C$) |
3.21 $ (4.39 C$) |
+70.9 % |
| Cigarettes 20 Pack (Marlboro) |
5.62 $ (7.69 C$) |
13.89 $ (19.00 C$) |
+147.0 % |
Transportation | Panama Edit |
Canada Edit | |
| One-way Ticket (Local Transport) |
0.50 $ (0.68 C$) |
2.56 $ (3.50 C$) |
+411.8 % |
| Monthly Pass (Regular Price) |
25.00 $ (34.19 C$) |
76.77 $ (105.00 C$) |
+207.1 % |
| Taxi Start (Normal Tariff) |
2.00 $ (2.74 C$) |
3.29 $ (4.50 C$) |
+64.5 % |
| Taxi 1 mile (Normal Tariff) |
2.82 $ (3.85 C$) |
2.41 $ (3.30 C$) |
-14.4 % |
| Taxi 1hour Waiting (Normal Tariff) |
20.00 $ (27.36 C$) |
28.51 $ (39.00 C$) |
+42.6 % |
| Gasoline (1 gallon) |
3.71 $ (5.08 C$) |
4.42 $ (6.04 C$) |
+19.0 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
24,250.00 $ (33,167.94 C$) |
24,842.26 $ (33,978.00 C$) |
+2.4 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
20,188.46 $ (27,612.77 C$) |
20,336.02 $ (27,814.60 C$) |
+0.7 % |
Utilities (Monthly) | Panama Edit |
Canada Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
98.77 $ (135.09 C$) |
150.83 $ (206.30 C$) |
+52.7 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
29.71 $ (40.63 C$) |
47.50 $ (64.97 C$) |
+59.9 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
49.07 $ (67.11 C$) |
62.17 $ (85.04 C$) |
+26.7 % |
Sports And Leisure | Panama Edit |
Canada Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
47.54 $ (65.03 C$) |
41.89 $ (57.30 C$) |
-11.9 % |
| Tennis Court Rent (1 Hour on Weekend) |
31.50 $ (43.08 C$) |
18.89 $ (25.83 C$) |
-40.0 % |
| Cinema, International Release, 1 Seat |
7.00 $ (9.57 C$) |
11.33 $ (15.50 C$) |
+61.9 % |
Childcare | Panama Edit |
Canada Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
361.11 $ (493.91 C$) |
816.44 $ (1,116.68 C$) |
+126.1 % |
| International Primary School, Yearly for 1 Child |
8,240.60 $ (11,271.08 C$) |
12,750.94 $ (17,440.10 C$) |
+54.7 % |
Clothing And Shoes | Panama Edit |
Canada Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
48.95 $ (66.96 C$) |
57.67 $ (78.88 C$) |
+17.8 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
39.26 $ (53.70 C$) |
40.60 $ (55.53 C$) |
+3.4 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
78.78 $ (107.75 C$) |
88.20 $ (120.64 C$) |
+12.0 % |
| 1 Pair of Men Leather Business Shoes |
85.26 $ (116.62 C$) |
108.81 $ (148.83 C$) |
+27.6 % |
Rent Per Month | Panama Edit |
Canada Edit | |
| Apartment (1 bedroom) in City Centre |
795.57 $ (1,088.14 C$) |
1,401.18 $ (1,916.46 C$) |
+76.1 % |
| Apartment (1 bedroom) Outside of Centre |
540.94 $ (739.87 C$) |
1,232.29 $ (1,685.46 C$) |
+127.8 % |
| Apartment (3 bedrooms) in City Centre |
1,753.12 $ (2,397.84 C$) |
2,273.53 $ (3,109.62 C$) |
+29.7 % |
| Apartment (3 bedrooms) Outside of Centre |
1,000.92 $ (1,369.01 C$) |
1,921.96 $ (2,628.76 C$) |
+92.0 % |
Buy Apartment Price | Panama Edit |
Canada Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
217.23 $ (297.11 C$) |
656.71 $ (898.22 C$) |
+202.3 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
130.06 $ (177.89 C$) |
450.77 $ (616.54 C$) |
+246.6 % |
Salaries And Financing | Panama Edit |
Canada Edit | |
| Average Monthly Net Salary (After Tax) |
792.59 $ (1,084.07 C$) |
2,870.13 $ (3,925.62 C$) |
+262.1 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.20 | 7.00 | +12.9 % |
| Last update: | April 2024 | May 2024 | |
| Contributors in the past 12 months: | 117 | 4427 |
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