Last update: Nov 2026

Cost of Living Comparison Between Cambridge Bay and Panama City

For one person, living is cheaper in Panama City: $1,972 a month against $2,280 in Cambridge Bay, rent and utilities included – about $3,700 less a year. Other living expenses account for most of the difference.

110

Cost of Living Index in Cambridge Bay
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Cambridge Bay Living Index
95

Cost of Living Index in Panama City
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Panama City Living Index

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Cambridge Bay

🇨🇦 Canada

$2,280

/mo nomad

Panama City

🇵🇦 Panama

$1,972

/mo nomad

Monthly Cost of Living

How much you'll spend in Cambridge Bay and in Panama City

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Cambridge Bay and in Panama City actually costs, broken down by who's living it.

Monthly costs for one person with rent: $2,280 in Cambridge Bay versus $1,972 in Panama City.

Cambridge Bay $2,280
Panama City $1,972

Estimated couple costs with rent: $3,269 in Cambridge Bay versus $2,930 in Panama City.

Cambridge Bay $3,269
Panama City $2,930

Monthly costs for a family of three with rent: $4,258 in Cambridge Bay versus $3,888 in Panama City.

Cambridge Bay $4,258
Panama City $3,888

Living in Cambridge Bay is roughly 16% more expensive than in Panama City, and outside of rent the biggest gap is in eating out.

Both cities are pricier than the global median: Cambridge Bay 69% above, Panama City 46% above.

Meal at Budget Restaurant

$22.30 CA$31.26

$11.37 PAB 11.37

96.13%

Three-Course Dinner for Two, Mid-Range

$63.4 CA$88.9

$46.69 PAB 46.69

35.81%

Fast Food Meal (McDonalds, etc)

$10.54 CA$14.77

$7.98 PAB 7.98

32.08%

Cappuccino

$3.79 CA$5.31

$4.12 PAB 4.12

-8.01%

Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)

$2.08 CA$2.92

$2.01 PAB 2.01

3.48%

Water (0.33 liter bottle)

$1.62 CA$2.27

$1.57 PAB 1.57

3.18%

Local Beer (0.5 liter draught)

$5.15 CA$7.22

$3.28 PAB 3.28

57.01%

Imported Beer (0.33 liter bottle)

$5.60 CA$7.85

$3.88 PAB 3.88

44.33%

Milk (1 liter)

$2.12 CA$2.98

$1.82 PAB 1.82

16.48%

White Bread (500g)

$2.48 CA$3.47

$2.61 PAB 2.61

-4.98%

Rice (white) (1kg)

$3.51 CA$4.93

$3.45 PAB 3.45

1.74%

Eggs

$3.42 CA$4.80

$2.68 PAB 2.68

27.61%

Local Cheese (1kg)

$10.04 CA$14.07

$12.42 PAB 12.42

-19.16%

Chicken Fillets (1kg)

$11.39 CA$15.97

$6.73 PAB 6.73

69.24%

Beef Round Steak (1kg)

$14.79 CA$20.73

$10.44 PAB 10.44

41.67%

Apples (1kg)

$3.89 CA$5.45

$4.21 PAB 4.21

-7.60%

Banana (1kg)

$1.37 CA$1.91

$1.95 PAB 1.95

-29.74%

Oranges (1kg)

$3.61 CA$5.06

$4.07 PAB 4.07

-11.30%

Tomato (1kg)

$3.93 CA$5.50

$4.02 PAB 4.02

-2.24%

Potato (1kg)

$2.41 CA$3.38

$3.46 PAB 3.46

-30.35%

Onion (1kg)

$2.26 CA$3.17

$4.42 PAB 4.42

-48.87%

Lettuce (1 head)

$2.39 CA$3.34

$2.43 PAB 2.43

-1.65%

Water (1.5 liter bottle)

$1.58 CA$2.21

$1.72 PAB 1.72

-8.14%

Cigarettes 20 Pack (Marlboro, Camel)

$14.17 CA$19.87

$6.04 PAB 6.04

134.60%

Wine (Bottle)

$12.93 CA$18.12

$11.68 PAB 11.68

10.70%

Local Beer (0.5 liter bottle)

$2.80 CA$3.92

$1.41 PAB 1.41

98.58%

Imported Beer (0.33 liter bottle)

$3.19 CA$4.47

$2.74 PAB 2.74

16.42%

One-way Ticket (Public Transport)

$2.35 CA$3.29

$0.33 PAB 0.33

612.12%

Public Transport Monthly Pass (Regular Price)

$62.7 CA$87.9

$20.65 PAB 20.65

203.49%

Taxi Start (Normal Tariff)

$2.87 CA$4.02

$2.45 PAB 2.45

17.14%

Taxi (Normal Tariff) (1km)

$1.48 CA$2.08

$1.76 PAB 1.76

-15.91%

Taxi 1hour Waiting (Normal Tariff)

$23.95 CA$33.57

$21.86 PAB 21.86

9.56%

Gasoline (1 liter)

$1.18 CA$1.65

$1.20 PAB 1.20

-1.67%

Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)

$28.1K CA$39.4K

$24.6K PAB 24.6K

14.60%

Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)

$21.0K CA$29.4K

$20.9K PAB 20.9K

0.42%

Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)

$140 CA$196

$132 PAB 132

6.14%

SIM Card Monthly Plan (Calls and 10GB+ Data)

$38.56 CA$54.1

$27.89 PAB 27.89

38.26%

Internet (50+ Mbps, Unlimited Data)

$54.0 CA$75.6

$49.10 PAB 49.10

9.88%

Gym Membership (Monthly)

$37.08 CA$52.0

$44.53 PAB 44.53

-16.73%

Tennis Court (1 Hour on Weekend)

$18.53 CA$25.97

$34.01 PAB 34.01

-45.52%

Cinema Ticket

$10.51 CA$14.73

$8.70 PAB 8.70

20.80%

Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)

$644 CA$903

$537 PAB 537

19.98%

International Primary School, 1 Child (Yearly)

$13.3K CA$18.6K

$20.5K PAB 20.5K

-35.29%

Jeans (Levis 501 Or Similar)

$54.3 CA$76.1

$65.8 PAB 65.8

-17.49%

Summer Dress (H&M, Zara, etc)

$38.98 CA$54.6

$48.45 PAB 48.45

-19.55%

Sport Shoes (Adidas, Nike)

$86.4 CA$121

$95.4 PAB 95.4

-9.47%

Men's Leather Business Shoes

$102 CA$143

$114 PAB 114

-10.38%

1-bedroom Apartment, City Center (Monthly)

$1,301 CA$1,824

$1,405 PAB 1,405

-7.40%

1-bedroom Apartment, Outside City Center (Monthly)

$1,120 CA$1,570

$994 PAB 994

12.64%

3-bedroom Apartment, City Center (Monthly)

$1,968 CA$2,758

$2,221 PAB 2,221

-11.40%

3-bedroom Apartment, Outside City Center (Monthly)

$1,647 CA$2,308

$1,714 PAB 1,714

-3.91%

Buy Apartment in City Center (m2)

$4,314 CA$6,047

$3,139 PAB 3,139

37.45%

Buy Apartment Outside City Center (m2)

$3,537 CA$4,958

$1,724 PAB 1,724

105.19%

Average Monthly Net Salary (After Tax)

$936 PAB 936

20-Year Fixed Mortgage Interest Rate (Annual %)

4.68

6.39

-26.76%

CityCost data is based on AI and user input – minor inaccuracies may occur.

Last update for Cambridge Bay: November 2, 2026

Last update for Panama City: November 3, 2026

Monthly budget structure

Share of the monthly basket for one person, rent included.

Accommodation & Living

Cambridge Bay

$1.1K 49.1%

Panama City

$994 50.4% 11.2% $126

Groceries & Markets

Cambridge Bay

$353 15.5%

Panama City

$326 16.5% 7.9% $28

Eating Out

Cambridge Bay

$307 13.5%

Panama City

$203 10.3% 34% $104

Monthly Utilities & Internet

Cambridge Bay

$232 10.2%

Panama City

$209 10.6% 10.2% $24

Clothing & Footwear

Cambridge Bay

$127 5.6%

Panama City

$145 7.4% 14.9% $19

Getting Around

Cambridge Bay

$82 3.6%

Panama City

$33 1.7% 59.6% $49

Sport & Entertainment

Cambridge Bay

$58 2.6%

Panama City

$62 3.1% 6.6% $3.8

Cost Breakdown

A one-bedroom apartment in the center runs $1,301 in Cambridge Bay and $1,405 in Panama City. Housing cost is often the main lever when comparing two cities.

Dining out: $63 in Cambridge Bay vs $47 in Panama City for a mid-range dinner for two. Groceries echo the gap at $353 vs $326 per month, with Panama City cheaper across the board.

Good to know

🇨🇦 Cambridge Bay

🇵🇦 Panama City

🕒 Local time

03:59 3:59 AM

05:59 5:59 AM

2 h ahead of Cambridge Bay

🌤 Weather

👥 Population

1,800

1,086,990 Capital

💱 Currency

Canadian Dollar CAD $

Panamanian Balboa PAB B/.

📈 Exchange rate

1 CAD = 0.713 USD

1 CAD = 0.635 EUR

1 PAB = 1 USD

1 PAB = 0.89 EUR

Exchange rates and currency converter

PAB, USD, EUR to CAD – Canadian Dollar Converter

🇺🇸 United States Dollar ($)

🇨🇦 Canadian Dollar ($)

Canadian Dollar exchange rates as of November 6, 2026: 1 USD = 1.4 CAD (1 CAD = 0.713 USD). 1 EUR = 1.57 CAD (1 CAD = 0.635 EUR).

Panamanian Balboa exchange rates as of November 6, 2026: 1 USD = 1 PAB (1 PAB = 1 USD). 1 EUR = 1.12 PAB (1 PAB = 0.89 EUR).

USD to CAD in detail →

On the map

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Between locations

Cambridge Bay Panama City 6,940 km ≈ 9 h nonstop flight

From you

Cambridge Bay
Panama City

Distances are measured in a straight line. Your location is detected approximately.

City Median Internet Speeds Comparison (Updated April 2026)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

Cambridge Bay vs Panama City: Cost of Living - Frequently Asked Questions

Total monthly costs including rent come to $2,280 in Cambridge Bay and $1,972 in Panama City, so Panama City is about 14% cheaper – a gap that matters a lot on a fixed or modest income.

You’d need roughly $3,420 in Cambridge Bay and $2,958 in Panama City to live well. The gap comes down to housing and overall price levels. Both cities are liveable on less, but these numbers represent actual comfort.

Rent for a central apartment: $1,301 in Cambridge Bay versus $1,405 in Panama City. Housing is usually the single largest factor when comparing overall living costs between the two.

All in, you’ll spend $2,280 per month in Cambridge Bay versus $1,972 in Panama City – Panama City is about 14% cheaper, which adds up to real savings over time.

A monthly transit pass in Panama City runs roughly 67% less than in Cambridge Bay. The price difference matters if you commute daily and watch your budget.

Both cities offer a good standard of living with different trade-offs. Neither is objectively better – the right pick depends on what matters most: affordability, career, cultural scene, or climate.