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

Name: Panama
Address: PA

😐 Solo nomad: Canada is 38.3% more expensive than Panama without rent, and 54% more expensive with rent.

😐 Family of 3: Canada is 37.4% more expensive than Panama without rent, and 38.3% more expensive with rent.

Meal at Budget Restaurant

$18.70 CA$25.62

$9.93 PAB 9.93

88.32%

Three-Course Dinner for Two, Mid-Range

$74.4 CA$102

$50.9 PAB 50.9

46.35%

Fast Food Meal (McDonalds, etc)

$11.14 CA$15.26

$7.54 PAB 7.54

47.75%

Cappuccino

$3.75 CA$5.13

$3.53 PAB 3.53

6.23%

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

$2.12 CA$2.90

$1.51 PAB 1.51

40.40%

Water (0.33 liter bottle)

$1.75 CA$2.40

$1.29 PAB 1.29

35.66%

Local Beer (0.5 liter draught)

$5.95 CA$8.15

$2.30 PAB 2.30

158.70%

Imported Beer (0.33 liter bottle)

$6.07 CA$8.31

$3.69 PAB 3.69

64.50%

Milk (1 liter)

$2.21 CA$3.03

$1.77 PAB 1.77

24.86%

White Bread (500g)

$2.70 CA$3.70

$2.41 PAB 2.41

12.03%

Rice (white) (1kg)

$3.63 CA$4.98

$2.26 PAB 2.26

60.62%

Eggs

$3.57 CA$4.89

$2.61 PAB 2.61

36.78%

Local Cheese (1kg)

$11.60 CA$15.89

$11.25 PAB 11.25

3.11%

Chicken Fillets (1kg)

$12.17 CA$16.67

$7.05 PAB 7.05

72.62%

Beef Round Steak (1kg)

$15.29 CA$20.95

$9.06 PAB 9.06

68.76%

Apples (1kg)

$4.32 CA$5.92

$4.05 PAB 4.05

6.67%

Banana (1kg)

$1.50 CA$2.06

$1.38 PAB 1.38

8.70%

Oranges (1kg)

$3.87 CA$5.30

$2.94 PAB 2.94

31.63%

Tomato (1kg)

$4.28 CA$5.86

$3.05 PAB 3.05

40.33%

Potato (1kg)

$2.79 CA$3.82

$2.09 PAB 2.09

33.49%

Onion (1kg)

$2.62 CA$3.59

$2.45 PAB 2.45

6.94%

Lettuce (1 head)

$2.63 CA$3.61

$2.07 PAB 2.07

27.05%

Water (1.5 liter bottle)

$1.79 CA$2.46

$1.61 PAB 1.61

11.18%

Cigarettes 20 Pack (Marlboro, Camel)

$14.95 CA$20.48

$5.88 PAB 5.88

154.25%

Wine (Bottle)

$12.91 CA$17.69

$10.17 PAB 10.17

26.94%

Local Beer (0.5 liter bottle)

$3.03 CA$4.16

$1.24 PAB 1.24

144.35%

Imported Beer (0.33 liter bottle)

$3.39 CA$4.64

$2.17 PAB 2.17

56.22%

One-way Ticket (Public Transport)

$2.60 CA$3.56

$0.51 PAB 0.51

409.80%

Public Transport Monthly Pass (Regular Price)

$78.0 CA$107

$25.03 PAB 25.03

211.51%

Taxi Start (Normal Tariff)

$3.40 CA$4.65

$1.99 PAB 1.99

70.85%

Taxi (Normal Tariff) (1km)

$1.55 CA$2.12

$2.01 PAB 2.01

-22.89%

Taxi 1hour Waiting (Normal Tariff)

$28.12 CA$38.52

$21.24 PAB 21.24

32.39%

Gasoline (1 liter)

$1.16 CA$1.58

$0.96 PAB 0.96

20.83%

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

$25.1K CA$34.4K

$21.7K PAB 21.7K

15.84%

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

$20.5K CA$28.0K

$21.3K PAB 21.3K

-4.01%

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

$157 CA$216

$107 PAB 107

46.97%

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

$45.83 CA$62.8

$29.34 PAB 29.34

56.20%

Internet (50+ Mbps, Unlimited Data)

$62.4 CA$85.5

$48.08 PAB 48.08

29.74%

Gym Membership (Monthly)

$43.42 CA$59.5

$50.6 PAB 50.6

-14.16%

Tennis Court (1 Hour on Weekend)

$17.87 CA$24.49

$33.55 PAB 33.55

-46.74%

Cinema Ticket

$11.55 CA$15.83

$6.80 PAB 6.80

69.85%

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

$806 CA$1,104

$449 PAB 449

79.43%

International Primary School, 1 Child (Yearly)

$12.2K CA$16.6K

$11.6K PAB 11.6K

5.19%

Jeans (Levis 501 Or Similar)

$55.3 CA$75.8

$46.32 PAB 46.32

19.37%

Summer Dress (H&M, Zara, etc)

$42.55 CA$58.3

$40.74 PAB 40.74

4.44%

Sport Shoes (Adidas, Nike)

$89.1 CA$122

$86.1 PAB 86.1

3.52%

Men's Leather Business Shoes

$108 CA$148

$116 PAB 116

-6.54%

1-bedroom Apartment, City Center (Monthly)

$1,367 CA$1,873

$939 PAB 939

45.52%

1-bedroom Apartment, Outside City Center (Monthly)

$1,202 CA$1,647

$719 PAB 719

67.26%

3-bedroom Apartment, City Center (Monthly)

$2,177 CA$2,983

$1,734 PAB 1,734

25.54%

3-bedroom Apartment, Outside City Center (Monthly)

$1,891 CA$2,590

$1,352 PAB 1,352

39.87%

Buy Apartment in City Center (m2)

$5,050 CA$6,919

$2,996 PAB 2,996

68.58%

Buy Apartment Outside City Center (m2)

$4,046 CA$5,544

$1,711 PAB 1,711

136.53%

Average Monthly Net Salary (After Tax)

$3,008 CA$4,121

$831 PAB 831

262.11%

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: March 2, 2026

Last update for Panama: March 3, 2026

City Median Internet Speeds Comparison (Updated January 2026)

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

Digital Nomad Cost of Living Index

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

City Median Internet Speeds Comparison (Updated January 2026)

Canada

Panama

Canada

Panama

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