Last update: Oct 2026

Cost of Living Comparison Between Charlottetown and Panama City

For one person, living is cheaper in Panama City: $1,837 a month against $1,957 in Charlottetown, rent and utilities included – about $1,400 less a year. The total is higher in Charlottetown despite lower rent and utilities.

95

Cost of Living Index in Charlottetown
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Charlottetown Living Index
90

Cost of Living Index in Panama City
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Panama City Living Index

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Charlottetown

🇨🇦 Canada

$1,957

/mo nomad

Panama City

🇵🇦 Panama

$1,837

/mo nomad

Monthly Cost of Living

How much you'll spend in Charlottetown 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 Charlottetown and in Panama City actually costs, broken down by who's living it.

A single person spends $1,957 per month in Charlottetown vs $1,837 in Panama City, rent included.

Charlottetown $1,957
Panama City $1,837

A couple spends around $2,920 per month in Charlottetown vs $2,825 in Panama City, rent included.

Charlottetown $2,920
Panama City $2,825

A family of three spends $3,882 per month in Charlottetown vs $3,812 in Panama City, rent included.

Charlottetown $3,882
Panama City $3,812

Charlottetown costs about 7% more than Panama City, and outside of rent the biggest gap is in groceries.

Both Charlottetown and Panama City sit above the global median – Charlottetown by 46%, Panama City by 37%.

Meal at Budget Restaurant

$14.00 CA$19.95

$11.34 PAB 11.34

23.46%

Three-Course Dinner for Two, Mid-Range

$59.2 CA$84.3

$47.85 PAB 47.85

23.62%

Fast Food Meal (McDonalds, etc)

$9.23 CA$13.16

$8.07 PAB 8.07

14.37%

Cappuccino

$3.57 CA$5.08

$4.02 PAB 4.02

-11.19%

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

$1.73 CA$2.46

$1.94 PAB 1.94

-10.82%

Water (0.33 liter bottle)

$1.29 CA$1.84

$1.62 PAB 1.62

-20.37%

Local Beer (0.5 liter draught)

$5.52 CA$7.87

$3.26 PAB 3.26

69.33%

Imported Beer (0.33 liter bottle)

$5.57 CA$7.94

$3.99 PAB 3.99

39.60%

Milk (1 liter)

$2.23 CA$3.18

$1.83 PAB 1.83

21.86%

White Bread (500g)

$2.99 CA$4.27

$2.57 PAB 2.57

16.34%

Rice (white) (1kg)

$4.85 CA$6.91

$3.33 PAB 3.33

45.65%

Eggs

$3.90 CA$5.56

$2.69 PAB 2.69

44.98%

Local Cheese (1kg)

$11.34 CA$16.16

$12.33 PAB 12.33

-8.03%

Chicken Fillets (1kg)

$14.86 CA$21.18

$6.69 PAB 6.69

122.12%

Beef Round Steak (1kg)

$16.99 CA$24.22

$10.40 PAB 10.40

63.37%

Apples (1kg)

$3.52 CA$5.02

$4.16 PAB 4.16

-15.38%

Banana (1kg)

$1.45 CA$2.07

$1.84 PAB 1.84

-21.20%

Oranges (1kg)

$3.91 CA$5.57

$4.18 PAB 4.18

-6.46%

Tomato (1kg)

$4.72 CA$6.73

$4.08 PAB 4.08

15.69%

Potato (1kg)

$1.72 CA$2.45

$3.50 PAB 3.50

-50.86%

Onion (1kg)

$3.12 CA$4.44

$4.37 PAB 4.37

-28.60%

Lettuce (1 head)

$2.67 CA$3.81

$2.34 PAB 2.34

14.10%

Water (1.5 liter bottle)

$2.03 CA$2.90

$1.75 PAB 1.75

16.00%

Cigarettes 20 Pack (Marlboro, Camel)

$17.45 CA$24.87

$6.06 PAB 6.06

187.95%

Wine (Bottle)

$13.70 CA$19.52

$11.72 PAB 11.72

16.89%

Local Beer (0.5 liter bottle)

$3.25 CA$4.64

$1.37 PAB 1.37

137.23%

Imported Beer (0.33 liter bottle)

$3.09 CA$4.41

$2.84 PAB 2.84

8.80%

One-way Ticket (Public Transport)

$1.42 CA$2.03

$0.36 PAB 0.36

294.44%

Public Transport Monthly Pass (Regular Price)

$14.18 CA$20.21

$20.96 PAB 20.96

-32.35%

Taxi Start (Normal Tariff)

$7.29 CA$10.39

$2.52 PAB 2.52

189.29%

Taxi (Normal Tariff) (1km)

$2.05 CA$2.93

$1.79 PAB 1.79

14.53%

Taxi 1hour Waiting (Normal Tariff)

$27.61 CA$39.35

$22.01 PAB 22.01

25.44%

Gasoline (1 liter)

$1.24 CA$1.77

$1.25 PAB 1.25

-0.80%

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

$27.6K CA$39.3K

$21.5K PAB 21.5K

28.17%

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

$18.3K CA$26.1K

$21.2K PAB 21.2K

-13.46%

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

$124 CA$177

$131 PAB 131

-5.43%

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

$32.57 CA$46.42

$27.68 PAB 27.68

17.67%

Internet (50+ Mbps, Unlimited Data)

$73.0 CA$104

$48.59 PAB 48.59

50.28%

Gym Membership (Monthly)

$56.9 CA$81.1

$46.11 PAB 46.11

23.44%

Tennis Court (1 Hour on Weekend)

$3.55 CA$5.06

$35.01 PAB 35.01

-89.86%

Cinema Ticket

$10.57 CA$15.07

$8.73 PAB 8.73

21.08%

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

$157 CA$224

$551 PAB 551

-71.47%

International Primary School, 1 Child (Yearly)

$9,560 PAB 9,560

Jeans (Levis 501 Or Similar)

$39.61 CA$56.5

$67.6 PAB 67.6

-41.41%

Summer Dress (H&M, Zara, etc)

$33.73 CA$48.08

$48.03 PAB 48.03

-29.77%

Sport Shoes (Adidas, Nike)

$83.1 CA$118

$94.9 PAB 94.9

-12.40%

Men's Leather Business Shoes

$129 CA$184

$113 PAB 113

14.58%

1-bedroom Apartment, City Center (Monthly)

$1,091 CA$1,555

$1,238 PAB 1,238

-11.86%

1-bedroom Apartment, Outside City Center (Monthly)

$823 CA$1,174

$873 PAB 873

-5.71%

3-bedroom Apartment, City Center (Monthly)

$1,747 CA$2,491

$2,197 PAB 2,197

-20.46%

3-bedroom Apartment, Outside City Center (Monthly)

$1,358 CA$1,936

$1,538 PAB 1,538

-11.71%

Buy Apartment in City Center (m2)

$3,107 CA$4,428

$3,116 PAB 3,116

-0.29%

Buy Apartment Outside City Center (m2)

$1,923 CA$2,741

$1,725 PAB 1,725

11.51%

Average Monthly Net Salary (After Tax)

$2,415 CA$3,442

$934 PAB 934

158.41%

20-Year Fixed Mortgage Interest Rate (Annual %)

4.58

6.39

-28.33%

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

Last update for Charlottetown: October 6, 2026

Last update for Panama City: October 3, 2026

Monthly budget structure

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

Accommodation & Living

Charlottetown

$823 42.5%

Panama City

$873 47.2% 6.1% $50

Groceries & Markets

Charlottetown

$408 21.1%

Panama City

$324 17.5% 20.6% $84

Eating Out

Charlottetown

$233 12%

Panama City

$202 10.9% 13.5% $32

Monthly Utilities & Internet

Charlottetown

$230 11.9%

Panama City

$207 11.2% 9.7% $22

Clothing & Footwear

Charlottetown

$129 6.6%

Panama City

$146 7.9% 13.1% $17

Sport & Entertainment

Charlottetown

$78 4%

Panama City

$64 3.4% 18.6% $14

Getting Around

Charlottetown

$37 1.9%

Panama City

$34 1.8% 9.5% $3.5

Cost Breakdown

A central one-bedroom costs $1,091 in Charlottetown versus $1,238 in Panama City. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

Salaries run about 158% higher in Charlottetown, which partly offsets the higher cost of living there. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $59.0 in Charlottetown versus $48.00 in Panama City. Monthly groceries follow the same trend: $408 vs $324 – making Panama City the more affordable choice for daily food spending.

Good to know

🇨🇦 Charlottetown

🇵🇦 Panama City

🕒 Local time

08:57 8:57 AM

06:57 6:57 AM

2 h behind Charlottetown

🌤 Weather

👥 Population

38,809

1,086,990 Capital

💱 Currency

Canadian Dollar CAD $

Panamanian Balboa PAB B/.

📈 Exchange rate

1 CAD = 0.702 USD

1 CAD = 0.626 EUR

1 PAB = 1 USD

1 PAB = 0.892 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 October 10, 2026: 1 USD = 1.43 CAD (1 CAD = 0.702 USD). 1 EUR = 1.6 CAD (1 CAD = 0.626 EUR).

Panamanian Balboa exchange rates as of October 10, 2026: 1 USD = 1 PAB (1 PAB = 1 USD). 1 EUR = 1.12 PAB (1 PAB = 0.892 EUR).

USD to CAD in detail →

On the map

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Charlottetown Panama City 4,430 km ≈ 6 h nonstop flight

From you

Charlottetown
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

Charlottetown vs Panama City: Cost of Living - Frequently Asked Questions

Charlottetown costs about 7% more than Panama City, and outside of rent the gap comes mainly from groceries. That's enough to noticeably affect everyday spending and lifestyle for anyone choosing between the two.

For a comfortable life, plan on about $2,936 per month in Charlottetown and $2,756 in Panama City. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Panama City, especially for central apartments. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

Monthly expenses with rent come to $1,957 in Charlottetown and $1,837 in Panama City. That's a gap of about 7%.

Public transport costs about 48% less in Panama City. For daily commuters, that gap adds up to noticeable savings over a year.

A $2,500 monthly budget goes further in Panama City, where all-in costs run around $1,837, than in Charlottetown at $1,957. In Panama City it covers expenses comfortably, while in Charlottetown it requires careful planning or may not stretch far enough.

For digital nomads, it depends on budget. Panama City costs $1,837 versus $1,957 in Charlottetown. Both have workable remote work infrastructure, but the cost gap matters when income varies month to month.

If budget matters most, go with Panama City. If higher salaries, better infrastructure, or specific career opportunities are the priority, Charlottetown makes more sense. Both are solid long-term options with distinct trade-offs.