Cost of Living Comparison Between Canada and Panama Cost of Living Comparison Between Canada and Panama

Name: Panama
Address: PA

😐 Solo nomad: Canada is 41.6% more expensive than Panama without rent, and 52% more expensive with rent.

😐 Family of 3: Canada is 38.6% more expensive than Panama without rent, and 38.4% more expensive with rent.

Meal at Budget Restaurant

$18.38 CA$25.54

$9.89 PAB 9.89

85.84%

Three-Course Dinner for Two, Mid-Range

$72.8 CA$101

$50.8 PAB 50.8

43.37%

Fast Food Meal (McDonalds, etc)

$10.87 CA$15.12

$7.62 PAB 7.62

42.65%

Cappuccino

$3.89 CA$5.40

$3.60 PAB 3.60

8.06%

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

$2.17 CA$3.02

$1.47 PAB 1.47

47.62%

Water (0.33 liter bottle)

$1.69 CA$2.35

$1.29 PAB 1.29

31.01%

Local Beer (0.5 liter draught)

$5.73 CA$7.97

$2.22 PAB 2.22

158.11%

Imported Beer (0.33 liter bottle)

$6.03 CA$8.38

$3.73 PAB 3.73

61.66%

Milk (1 liter)

$2.22 CA$3.08

$1.80 PAB 1.80

23.33%

White Bread (500g)

$2.80 CA$3.89

$2.48 PAB 2.48

12.90%

Rice (white) (1kg)

$3.72 CA$5.16

$2.24 PAB 2.24

66.07%

Eggs

$3.57 CA$4.96

$2.60 PAB 2.60

37.31%

Local Cheese (1kg)

$11.27 CA$15.67

$11.37 PAB 11.37

-0.88%

Chicken Fillets (1kg)

$12.09 CA$16.81

$7.20 PAB 7.20

67.92%

Beef Round Steak (1kg)

$15.16 CA$21.07

$9.52 PAB 9.52

59.24%

Apples (1kg)

$4.28 CA$5.95

$4.02 PAB 4.02

6.47%

Banana (1kg)

$1.49 CA$2.07

$1.33 PAB 1.33

12.03%

Oranges (1kg)

$3.83 CA$5.32

$2.90 PAB 2.90

32.07%

Tomato (1kg)

$4.12 CA$5.73

$3.04 PAB 3.04

35.53%

Potato (1kg)

$2.65 CA$3.69

$2.17 PAB 2.17

22.12%

Onion (1kg)

$2.69 CA$3.74

$2.37 PAB 2.37

13.50%

Lettuce (1 head)

$2.62 CA$3.64

$2.14 PAB 2.14

22.43%

Water (1.5 liter bottle)

$1.81 CA$2.52

$1.63 PAB 1.63

11.04%

Cigarettes 20 Pack (Marlboro, Camel)

$14.65 CA$20.36

$6.04 PAB 6.04

142.55%

Wine (Bottle)

$13.04 CA$18.13

$10.18 PAB 10.18

28.09%

Local Beer (0.5 liter bottle)

$3.01 CA$4.18

$1.25 PAB 1.25

140.80%

Imported Beer (0.33 liter bottle)

$3.41 CA$4.74

$2.30 PAB 2.30

48.26%

One-way Ticket (Public Transport)

$2.59 CA$3.61

$0.52 PAB 0.52

398.08%

Public Transport Monthly Pass (Regular Price)

$75.5 CA$105

$25.15 PAB 25.15

200.04%

Taxi Start (Normal Tariff)

$3.52 CA$4.89

$2.05 PAB 2.05

71.71%

Taxi (Normal Tariff) (1km)

$1.53 CA$2.12

$1.95 PAB 1.95

-21.54%

Taxi 1hour Waiting (Normal Tariff)

$29.01 CA$40.33

$20.88 PAB 20.88

38.94%

Gasoline (1 liter)

$1.15 CA$1.60

$0.96 PAB 0.96

19.79%

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

$24.6K CA$34.1K

$21.6K PAB 21.6K

13.70%

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

$20.9K CA$29.0K

$21.2K PAB 21.2K

-1.37%

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

$157 CA$219

$107 PAB 107

46.83%

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

$46.09 CA$64.1

$28.96 PAB 28.96

59.15%

Internet (50+ Mbps, Unlimited Data)

$62.3 CA$86.6

$47.54 PAB 47.54

31.07%

Gym Membership (Monthly)

$42.85 CA$59.6

$50.3 PAB 50.3

-14.88%

Tennis Court (1 Hour on Weekend)

$18.20 CA$25.30

$34.39 PAB 34.39

-47.08%

Cinema Ticket

$11.63 CA$16.16

$6.90 PAB 6.90

68.55%

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

$798 CA$1,110

$442 PAB 442

80.44%

International Primary School, 1 Child (Yearly)

$11.9K CA$16.5K

$11.3K PAB 11.3K

4.58%

Jeans (Levis 501 Or Similar)

$55.5 CA$77.2

$46.73 PAB 46.73

18.85%

Summer Dress (H&M, Zara, etc)

$42.29 CA$58.8

$41.09 PAB 41.09

2.92%

Sport Shoes (Adidas, Nike)

$90.0 CA$125

$83.8 PAB 83.8

7.38%

Men's Leather Business Shoes

$106 CA$148

$117 PAB 117

-8.97%

1-bedroom Apartment, City Center (Monthly)

$1,346 CA$1,871

$948 PAB 948

42.03%

1-bedroom Apartment, Outside City Center (Monthly)

$1,199 CA$1,667

$705 PAB 705

70.09%

3-bedroom Apartment, City Center (Monthly)

$2,170 CA$3,016

$1,721 PAB 1,721

26.06%

3-bedroom Apartment, Outside City Center (Monthly)

$1,825 CA$2,537

$1,363 PAB 1,363

33.90%

Buy Apartment in City Center (m2)

$4,916 CA$6,833

$2,980 PAB 2,980

64.96%

Buy Apartment Outside City Center (m2)

$3,953 CA$5,494

$1,704 PAB 1,704

131.96%

Average Monthly Net Salary (After Tax)

$2,974 CA$4,134

$799 PAB 799

272.32%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.33

6.3

0.48%

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

Last update for Canada: January 11, 2026

Last update for Panama: January 13, 2026

Digital Nomad Cost of Living Index

Cost of Living Comparison Between Canada and Panama Cost of Living Comparison Between Canada and Panama

Similar countries

🇬🇧 United Kingdom

🇦🇺 Australia

🇦🇪 United Arab Emirates

🇮🇱 Israel

🇩🇰 Denmark

🇮🇲 Isle Of Man

🇳🇨 New Caledonia

🇫🇴 Faroe Islands