Last update: Oct 2026

Cost of Living Comparison Between Coquitlam and Panama City

For one person, living is cheaper in Panama City: $1,855 a month against $2,784 in Coquitlam, rent and utilities included – about $11,100 less a year. Rent and utilities account for most of the difference.

134

Cost of Living Index in Coquitlam
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Coquitlam Living Index
90

Cost of Living Index in Panama City
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Panama City Living Index

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Coquitlam

🇨🇦 Canada

$2,784

/mo nomad

Panama City

🇵🇦 Panama

$1,855

/mo nomad

Monthly Cost of Living

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

Monthly costs for one person with rent: $2,784 in Coquitlam versus $1,855 in Panama City.

Coquitlam $2,784
Panama City $1,855

Estimated couple costs with rent: $3,921 in Coquitlam versus $2,804 in Panama City.

Coquitlam $3,921
Panama City $2,804

Monthly costs for a family of three with rent: $5,058 in Coquitlam versus $3,753 in Panama City.

Coquitlam $5,058
Panama City $3,753

Living in Coquitlam is roughly 50% more expensive than in Panama City, and outside of rent the biggest gap is in transport.

Both cities are pricier than the global median: Coquitlam 106% above, Panama City 37% above.

Meal at Budget Restaurant

$16.08 CA$22.74

$11.63 PAB 11.63

38.26%

Three-Course Dinner for Two, Mid-Range

$69.3 CA$97.9

$47.92 PAB 47.92

44.53%

Fast Food Meal (McDonalds, etc)

$10.46 CA$14.78

$7.96 PAB 7.96

31.41%

Cappuccino

$3.77 CA$5.34

$4.22 PAB 4.22

-10.66%

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

$2.13 CA$3.01

$2.01 PAB 2.01

5.97%

Water (0.33 liter bottle)

$1.61 CA$2.27

$1.56 PAB 1.56

3.21%

Local Beer (0.5 liter draught)

$5.67 CA$8.02

$3.39 PAB 3.39

67.26%

Imported Beer (0.33 liter bottle)

$6.11 CA$8.64

$3.94 PAB 3.94

55.08%

Milk (1 liter)

$1.44 CA$2.04

$1.85 PAB 1.85

-22.16%

White Bread (500g)

$2.52 CA$3.56

$2.56 PAB 2.56

-1.56%

Rice (white) (1kg)

$2.69 CA$3.80

$3.48 PAB 3.48

-22.70%

Eggs

$3.88 CA$5.48

$2.69 PAB 2.69

44.24%

Local Cheese (1kg)

$9.59 CA$13.56

$12.57 PAB 12.57

-23.71%

Chicken Fillets (1kg)

$13.46 CA$19.02

$6.83 PAB 6.83

97.07%

Beef Round Steak (1kg)

$19.57 CA$27.66

$10.58 PAB 10.58

84.97%

Apples (1kg)

$3.94 CA$5.57

$4.18 PAB 4.18

-5.74%

Banana (1kg)

$1.38 CA$1.95

$1.83 PAB 1.83

-24.59%

Oranges (1kg)

$3.95 CA$5.59

$4.20 PAB 4.20

-5.95%

Tomato (1kg)

$4.07 CA$5.76

$4.03 PAB 4.03

0.99%

Potato (1kg)

$1.57 CA$2.22

$3.48 PAB 3.48

-54.89%

Onion (1kg)

$2.75 CA$3.89

$4.22 PAB 4.22

-34.83%

Lettuce (1 head)

$2.51 CA$3.54

$2.41 PAB 2.41

4.15%

Water (1.5 liter bottle)

$1.04 CA$1.47

$1.69 PAB 1.69

-38.46%

Cigarettes 20 Pack (Marlboro, Camel)

$15.62 CA$22.09

$6.14 PAB 6.14

154.40%

Wine (Bottle)

$11.70 CA$16.54

$11.30 PAB 11.30

3.54%

Local Beer (0.5 liter bottle)

$2.63 CA$3.72

$1.42 PAB 1.42

85.21%

Imported Beer (0.33 liter bottle)

$2.88 CA$4.07

$2.73 PAB 2.73

5.49%

One-way Ticket (Public Transport)

$2.22 CA$3.14

$0.33 PAB 0.33

572.73%

Public Transport Monthly Pass (Regular Price)

$74.4 CA$105

$21.23 PAB 21.23

250.26%

Taxi Start (Normal Tariff)

$2.68 CA$3.78

$2.52 PAB 2.52

6.35%

Taxi (Normal Tariff) (1km)

$1.37 CA$1.94

$1.86 PAB 1.86

-26.34%

Taxi 1hour Waiting (Normal Tariff)

$24.47 CA$34.59

$21.78 PAB 21.78

12.35%

Gasoline (1 liter)

$1.34 CA$1.90

$1.25 PAB 1.25

7.20%

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

$25.6K CA$36.3K

$21.2K PAB 21.2K

20.74%

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

$18.6K CA$26.3K

$21.0K PAB 21.0K

-11.67%

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

$81.0 CA$114

$130 PAB 130

-37.63%

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

$35.50 CA$50.2

$28.13 PAB 28.13

26.20%

Internet (50+ Mbps, Unlimited Data)

$52.5 CA$74.2

$48.21 PAB 48.21

8.82%

Gym Membership (Monthly)

$20.62 CA$29.14

$45.78 PAB 45.78

-54.96%

Tennis Court (1 Hour on Weekend)

$10.61 CA$15.00

$34.92 PAB 34.92

-69.62%

Cinema Ticket

$10.31 CA$14.57

$8.67 PAB 8.67

18.92%

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

$1,091 CA$1,542

$544 PAB 544

100.39%

International Primary School, 1 Child (Yearly)

$11.4K CA$16.1K

$9,697 PAB 9,697

17.57%

Jeans (Levis 501 Or Similar)

$57.2 CA$80.9

$66.8 PAB 66.8

-14.28%

Summer Dress (H&M, Zara, etc)

$32.93 CA$46.55

$49.14 PAB 49.14

-32.99%

Sport Shoes (Adidas, Nike)

$94.8 CA$134

$93.9 PAB 93.9

1.00%

Men's Leather Business Shoes

$95.8 CA$135

$112 PAB 112

-14.11%

1-bedroom Apartment, City Center (Monthly)

$1,941 CA$2,745

$1,257 PAB 1,257

54.44%

1-bedroom Apartment, Outside City Center (Monthly)

$1,734 CA$2,452

$875 PAB 875

98.21%

3-bedroom Apartment, City Center (Monthly)

$3,462 CA$4,894

$2,155 PAB 2,155

60.63%

3-bedroom Apartment, Outside City Center (Monthly)

$2,582 CA$3,651

$1,564 PAB 1,564

65.14%

Buy Apartment in City Center (m2)

$6,099 CA$8,623

$3,122 PAB 3,122

95.36%

Buy Apartment Outside City Center (m2)

$4,977 CA$7,036

$1,709 PAB 1,709

191.15%

Average Monthly Net Salary (After Tax)

$2,953 CA$4,175

$916 PAB 916

222.46%

20-Year Fixed Mortgage Interest Rate (Annual %)

4.28

6.39

-33.02%

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

Last update for Coquitlam: October 12, 2026

Last update for Panama City: October 10, 2026

Monthly budget structure

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

Accommodation & Living

Coquitlam

$1.7K 62.3%

Panama City

$875 47.2% 49.5% $859

Groceries & Markets

Coquitlam

$360 12.9%

Panama City

$325 17.5% 9.6% $35

Eating Out

Coquitlam

$261 9.4%

Panama City

$207 11.1% 20.8% $54

Monthly Utilities & Internet

Coquitlam

$169 6.1%

Panama City

$206 11.1% 22% $37

Clothing & Footwear

Coquitlam

$126 4.5%

Panama City

$145 7.8% 14.4% $18

Getting Around

Coquitlam

$93 3.3%

Panama City

$34 1.9% 62.9% $58

Sport & Entertainment

Coquitlam

$41 1.5%

Panama City

$63 3.4% 53.1% $22

Cost Breakdown

A one-bedroom apartment in the center runs $1,941 in Coquitlam and $1,257 in Panama City. Housing cost is often the main lever when comparing two cities.

Coquitlam pays 222% more on average. The extra income cushions the higher costs, though housing choices and lifestyle decide how much of the gap is truly closed.

Dining out: $69.0 in Coquitlam vs $48.00 in Panama City for a mid-range dinner for two. Groceries echo the gap at $360 vs $325 per month, with Panama City cheaper across the board.

Good to know

🇨🇦 Coquitlam

🇵🇦 Panama City

🕒 Local time

13:23 1:23 PM

15:23 3:23 PM

2 h ahead of Coquitlam

🌤 Weather

👥 Population

148,625

1,086,990 Capital

💱 Currency

Canadian Dollar CAD $

Panamanian Balboa PAB B/.

📈 Exchange rate

1 CAD = 0.707 USD

1 CAD = 0.629 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 October 19, 2026: 1 USD = 1.41 CAD (1 CAD = 0.707 USD). 1 EUR = 1.59 CAD (1 CAD = 0.629 EUR).

Panamanian Balboa exchange rates as of October 19, 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

Coquitlam Panama City 6,010 km ≈ 8 h nonstop flight

From you

Coquitlam
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

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

Panama City is cheaper overall, especially in groceries, eating out, and transport. The 50% gap adds up to real monthly savings that compound significantly over time.

Average pay runs 222% higher in Coquitlam, which matters when comparing affordability. Whether that higher income actually nets you more depends on your spending habits and housing choices.

Rent for a central apartment: $1,941 in Coquitlam versus $1,257 in Panama City. Housing is usually the single largest factor when comparing overall living costs between the two.

All in, you'll spend $2,784 per month in Coquitlam versus $1,855 in Panama City – a 50% gap that adds up to real savings over time for anyone picking the cheaper option.

A monthly transit pass in Panama City runs roughly 250% less than in Coquitlam. Both cities have functional networks, but the price difference matters if you're watching your budget.

At $1,855 in Panama City versus $2,784 in Coquitlam, a $2,500 budget is realistic in Panama City but tight or insufficient in Coquitlam. The gap between the two cities makes Panama City the clear choice for anyone on this budget.

For families, Panama City is more practical. Housing and childcare are both notably cheaper than in Coquitlam, and the savings on those two alone free up budget for education, activities, and family trips.

Expats usually find Panama City gentler on the wallet – expenses run 50% less than in Coquitlam. Beyond cost, consider language, visa policies, and how big the international community is in each city.