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

Name: Panama
Address: PA

😐 Solo nomad: Canada is 37.1% more expensive than Panama without rent, and 53.8% more expensive with rent.

😐 Family of 3: Canada is 42.7% more expensive than Panama without rent, and 36.6% more expensive with rent.

Meal at Budget Restaurant

$18.25 CA$25.01

$9.89 PAB 9.89

84.53%

Three-Course Dinner for Two, Mid-Range

$72.9 CA$99.8

$49.66 PAB 49.66

46.70%

Fast Food Meal (McDonalds, etc)

$11.06 CA$15.16

$7.68 PAB 7.68

44.01%

Cappuccino

$3.72 CA$5.10

$3.49 PAB 3.49

6.59%

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

$2.17 CA$2.97

$1.47 PAB 1.47

47.62%

Water (0.33 liter bottle)

$1.67 CA$2.29

$1.26 PAB 1.26

32.54%

Local Beer (0.5 liter draught)

$6.01 CA$8.24

$2.31 PAB 2.31

160.17%

Imported Beer (0.33 liter bottle)

$6.06 CA$8.30

$3.80 PAB 3.80

59.47%

Milk (1 liter)

$2.31 CA$3.17

$1.84 PAB 1.84

25.54%

White Bread (500g)

$2.65 CA$3.63

$2.47 PAB 2.47

7.29%

Rice (white) (1kg)

$3.60 CA$4.93

$2.24 PAB 2.24

60.71%

Eggs

$3.57 CA$4.89

$2.72 PAB 2.72

31.25%

Local Cheese (1kg)

$11.60 CA$15.89

$11.12 PAB 11.12

4.32%

Chicken Fillets (1kg)

$12.44 CA$17.04

$7.03 PAB 7.03

76.96%

Beef Round Steak (1kg)

$15.25 CA$20.89

$9.16 PAB 9.16

66.48%

Apples (1kg)

$4.33 CA$5.94

$3.94 PAB 3.94

9.90%

Banana (1kg)

$1.45 CA$1.99

$1.32 PAB 1.32

9.85%

Oranges (1kg)

$3.78 CA$5.18

$2.99 PAB 2.99

26.42%

Tomato (1kg)

$4.21 CA$5.77

$2.98 PAB 2.98

41.28%

Potato (1kg)

$2.69 CA$3.68

$2.16 PAB 2.16

24.54%

Onion (1kg)

$2.75 CA$3.77

$2.48 PAB 2.48

10.89%

Lettuce (1 head)

$2.52 CA$3.45

$2.08 PAB 2.08

21.15%

Water (1.5 liter bottle)

$1.86 CA$2.54

$1.61 PAB 1.61

15.53%

Cigarettes 20 Pack (Marlboro, Camel)

$14.70 CA$20.14

$5.87 PAB 5.87

150.43%

Wine (Bottle)

$13.06 CA$17.90

$9.93 PAB 9.93

31.52%

Local Beer (0.5 liter bottle)

$3.00 CA$4.10

$1.22 PAB 1.22

145.90%

Imported Beer (0.33 liter bottle)

$3.37 CA$4.61

$2.25 PAB 2.25

49.78%

One-way Ticket (Public Transport)

$2.62 CA$3.59

$0.52 PAB 0.52

403.85%

Public Transport Monthly Pass (Regular Price)

$75.5 CA$103

$24.98 PAB 24.98

202.40%

Taxi Start (Normal Tariff)

$3.50 CA$4.79

$2.06 PAB 2.06

69.90%

Taxi (Normal Tariff) (1km)

$1.49 CA$2.04

$2.05 PAB 2.05

-27.32%

Taxi 1hour Waiting (Normal Tariff)

$28.59 CA$39.17

$21.36 PAB 21.36

33.85%

Gasoline (1 liter)

$1.15 CA$1.58

$0.88 PAB 0.88

30.68%

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

$24.8K CA$33.9K

$21.5K PAB 21.5K

15.30%

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

$20.9K CA$28.6K

$21.1K PAB 21.1K

-1.09%

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

$152 CA$208

$108 PAB 108

40.95%

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

$45.94 CA$62.9

$29.60 PAB 29.60

55.20%

Internet (50+ Mbps, Unlimited Data)

$64.0 CA$87.7

$47.27 PAB 47.27

35.39%

Gym Membership (Monthly)

$42.93 CA$58.8

$49.91 PAB 49.91

-13.99%

Tennis Court (1 Hour on Weekend)

$17.73 CA$24.29

$34.22 PAB 34.22

-48.19%

Cinema Ticket

$11.48 CA$15.72

$7.04 PAB 7.04

63.07%

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

$810 CA$1,110

$452 PAB 452

79.48%

International Primary School, 1 Child (Yearly)

$12.3K CA$16.8K

$11.6K PAB 11.6K

6.30%

Jeans (Levis 501 Or Similar)

$55.5 CA$76.0

$47.42 PAB 47.42

16.95%

Summer Dress (H&M, Zara, etc)

$41.89 CA$57.4

$40.80 PAB 40.80

2.67%

Sport Shoes (Adidas, Nike)

$90.1 CA$123

$83.7 PAB 83.7

7.54%

Men's Leather Business Shoes

$106 CA$146

$120 PAB 120

-11.42%

1-bedroom Apartment, City Center (Monthly)

$1,340 CA$1,836

$939 PAB 939

42.66%

1-bedroom Apartment, Outside City Center (Monthly)

$1,217 CA$1,668

$714 PAB 714

70.49%

3-bedroom Apartment, City Center (Monthly)

$2,186 CA$2,995

$1,730 PAB 1,730

26.32%

3-bedroom Apartment, Outside City Center (Monthly)

$1,828 CA$2,505

$1,353 PAB 1,353

35.08%

Buy Apartment in City Center (m2)

$4,863 CA$6,663

$3,042 PAB 3,042

59.85%

Buy Apartment Outside City Center (m2)

$3,966 CA$5,434

$1,677 PAB 1,677

136.52%

Average Monthly Net Salary (After Tax)

$3,042 CA$4,167

$821 PAB 821

270.53%

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: April 11, 2026

Last update for Panama: April 12, 2026

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

Canada vs other spots: cost of living compared

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

City Median Internet Speeds Comparison (Updated April 2026)

Canada

Panama

Canada

Panama

Canada vs other spots: cost of living compared

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