Last update: Oct 2026

Cost of Living Comparison Between Kelowna and Panama City

For one person, living is cheaper in Panama City: $1,837 a month against $2,351 in Kelowna, rent and utilities included – about $6,200 less a year. Rent and utilities account for most of the difference.

113

Cost of Living Index in Kelowna
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Kelowna Living Index
90

Cost of Living Index in Panama City
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Panama City Living Index

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Kelowna

🇨🇦 Canada

$2,351

/mo nomad

Panama City

🇵🇦 Panama

$1,837

/mo nomad

Monthly Cost of Living

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

Monthly costs for one person with rent: $2,351 in Kelowna versus $1,837 in Panama City.

Kelowna $2,351
Panama City $1,837

Estimated couple costs with rent: $3,444 in Kelowna versus $2,825 in Panama City.

Kelowna $3,444
Panama City $2,825

Monthly costs for a family of three with rent: $4,536 in Kelowna versus $3,812 in Panama City.

Kelowna $4,536
Panama City $3,812

Living in Kelowna is roughly 28% more expensive than in Panama City, and outside of rent the biggest gap is in groceries.

Both cities are pricier than the global median: Kelowna 75% above, Panama City 37% above.

Meal at Budget Restaurant

$16.53 CA$23.56

$11.34 PAB 11.34

45.77%

Three-Course Dinner for Two, Mid-Range

$58.2 CA$82.9

$47.85 PAB 47.85

21.59%

Fast Food Meal (McDonalds, etc)

$11.36 CA$16.19

$8.07 PAB 8.07

40.77%

Cappuccino

$3.91 CA$5.57

$4.02 PAB 4.02

-2.74%

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

$1.97 CA$2.80

$1.94 PAB 1.94

1.55%

Water (0.33 liter bottle)

$1.70 CA$2.42

$1.62 PAB 1.62

4.94%

Local Beer (0.5 liter draught)

$4.52 CA$6.44

$3.26 PAB 3.26

38.65%

Imported Beer (0.33 liter bottle)

$5.64 CA$8.04

$3.99 PAB 3.99

41.35%

Milk (1 liter)

$1.98 CA$2.82

$1.83 PAB 1.83

8.20%

White Bread (500g)

$2.74 CA$3.90

$2.57 PAB 2.57

6.61%

Rice (white) (1kg)

$3.52 CA$5.02

$3.33 PAB 3.33

5.71%

Eggs

$3.14 CA$4.47

$2.69 PAB 2.69

16.73%

Local Cheese (1kg)

$9.04 CA$12.89

$12.33 PAB 12.33

-26.68%

Chicken Fillets (1kg)

$13.07 CA$18.63

$6.69 PAB 6.69

95.37%

Beef Round Steak (1kg)

$21.06 CA$30.03

$10.40 PAB 10.40

102.50%

Apples (1kg)

$3.34 CA$4.76

$4.16 PAB 4.16

-19.71%

Banana (1kg)

$1.54 CA$2.20

$1.84 PAB 1.84

-16.30%

Oranges (1kg)

$3.38 CA$4.82

$4.18 PAB 4.18

-19.14%

Tomato (1kg)

$4.76 CA$6.78

$4.08 PAB 4.08

16.67%

Potato (1kg)

$3.04 CA$4.33

$3.50 PAB 3.50

-13.14%

Onion (1kg)

$3.11 CA$4.44

$4.37 PAB 4.37

-28.83%

Lettuce (1 head)

$2.51 CA$3.58

$2.34 PAB 2.34

7.26%

Water (1.5 liter bottle)

$1.87 CA$2.66

$1.75 PAB 1.75

6.86%

Cigarettes 20 Pack (Marlboro, Camel)

$14.00 CA$19.96

$6.06 PAB 6.06

131.02%

Wine (Bottle)

$13.39 CA$19.08

$11.72 PAB 11.72

14.25%

Local Beer (0.5 liter bottle)

$2.58 CA$3.68

$1.37 PAB 1.37

88.32%

Imported Beer (0.33 liter bottle)

$3.10 CA$4.42

$2.84 PAB 2.84

9.15%

One-way Ticket (Public Transport)

$1.72 CA$2.46

$0.36 PAB 0.36

377.78%

Public Transport Monthly Pass (Regular Price)

$48.15 CA$68.6

$20.96 PAB 20.96

129.72%

Taxi Start (Normal Tariff)

$2.79 CA$3.98

$2.52 PAB 2.52

10.71%

Taxi (Normal Tariff) (1km)

$1.71 CA$2.43

$1.79 PAB 1.79

-4.47%

Taxi 1hour Waiting (Normal Tariff)

$33.36 CA$47.55

$22.01 PAB 22.01

51.57%

Gasoline (1 liter)

$1.27 CA$1.82

$1.25 PAB 1.25

1.60%

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

$28.0K CA$39.9K

$21.5K PAB 21.5K

30.10%

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

$17.9K CA$25.5K

$21.2K PAB 21.2K

-15.63%

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

$127 CA$181

$131 PAB 131

-3.16%

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

$44.36 CA$63.2

$27.68 PAB 27.68

60.26%

Internet (50+ Mbps, Unlimited Data)

$55.9 CA$79.7

$48.59 PAB 48.59

15.04%

Gym Membership (Monthly)

$55.1 CA$78.5

$46.11 PAB 46.11

19.41%

Tennis Court (1 Hour on Weekend)

$30.27 CA$43.14

$35.01 PAB 35.01

-13.54%

Cinema Ticket

$11.71 CA$16.69

$8.73 PAB 8.73

34.14%

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

$1,006 CA$1,433

$551 PAB 551

82.65%

International Primary School, 1 Child (Yearly)

$15.9K CA$22.7K

$9,560 PAB 9,560

66.82%

Jeans (Levis 501 Or Similar)

$47.17 CA$67.2

$67.6 PAB 67.6

-30.23%

Summer Dress (H&M, Zara, etc)

$40.66 CA$58.0

$48.03 PAB 48.03

-15.34%

Sport Shoes (Adidas, Nike)

$83.3 CA$119

$94.9 PAB 94.9

-12.24%

Men's Leather Business Shoes

$96.8 CA$138

$113 PAB 113

-14.33%

1-bedroom Apartment, City Center (Monthly)

$1,353 CA$1,929

$1,238 PAB 1,238

9.32%

1-bedroom Apartment, Outside City Center (Monthly)

$1,197 CA$1,707

$873 PAB 873

37.12%

3-bedroom Apartment, City Center (Monthly)

$2,267 CA$3,232

$2,197 PAB 2,197

3.20%

3-bedroom Apartment, Outside City Center (Monthly)

$1,924 CA$2,742

$1,538 PAB 1,538

25.05%

Buy Apartment in City Center (m2)

$3,893 CA$5,549

$3,116 PAB 3,116

24.95%

Buy Apartment Outside City Center (m2)

$3,207 CA$4,571

$1,725 PAB 1,725

85.93%

Average Monthly Net Salary (After Tax)

$3,012 CA$4,294

$934 PAB 934

222.38%

20-Year Fixed Mortgage Interest Rate (Annual %)

4.69

6.39

-26.60%

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

Last update for Kelowna: 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

Kelowna

$1.2K 51.2%

Panama City

$873 47.2% 27.1% $324

Groceries & Markets

Kelowna

$386 16.5%

Panama City

$324 17.5% 16.1% $62

Eating Out

Kelowna

$262 11.2%

Panama City

$202 10.9% 22.9% $60

Monthly Utilities & Internet

Kelowna

$227 9.7%

Panama City

$207 11.2% 8.7% $20

Clothing & Footwear

Kelowna

$121 5.2%

Panama City

$146 7.9% 20.8% $25

Sport & Entertainment

Kelowna

$78 3.4%

Panama City

$64 3.4% 19% $15

Getting Around

Kelowna

$66 2.8%

Panama City

$34 1.8% 49% $32

Cost Breakdown

A one-bedroom apartment in the center runs $1,353 in Kelowna and $1,238 in Panama City. Housing cost is often the main lever when comparing two cities.

Kelowna 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: $58.0 in Kelowna vs $48.00 in Panama City for a mid-range dinner for two. Groceries echo the gap at $386 vs $324 per month, with Panama City cheaper across the board.

Good to know

🇨🇦 Kelowna

🇵🇦 Panama City

🕒 Local time

01:42 1:42 AM

03:42 3:42 AM

2 h ahead of Kelowna

🌤 Weather

👥 Population

144,576

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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Between locations

Kelowna Panama City 5,850 km ≈ 8 h nonstop flight

From you

Kelowna
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

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

Kelowna and Panama City differ by about 28% in total monthly costs ($2,351 vs $1,837 including rent). Panama City is meaningfully more affordable – a gap that matters a lot on a fixed or modest income.

Average pay runs 222% higher in Kelowna, 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: $1,353 in Kelowna versus $1,238 in Panama City. Housing is usually the single largest factor when comparing overall living costs between the two.

All in, you'll spend $2,351 per month in Kelowna versus $1,837 in Panama City – a 28% gap that adds up to real savings over time for anyone picking the cheaper option.

A monthly transit pass in Panama City runs roughly 130% less than in Kelowna. Both cities have functional networks, but the price difference matters if you're watching your budget.

At $1,837 in Panama City versus $2,351 in Kelowna, a $2,500 budget is realistic in Panama City but tight or insufficient in Kelowna. The gap between the two cities makes Panama City the clear choice for anyone on this budget.

Both cities offer a good standard of living with different trade-offs. Neither is objectively better – the right pick depends on what matters most: affordability, career, cultural scene, or climate.

Safety-wise, Kelowna and Panama City are on par. Petty crime is typical for cities this size, and most residents feel comfortable going about their daily routines in either place.

Expats usually find Panama City gentler on the wallet – expenses run 28% less than in Kelowna. Beyond cost, consider language, visa policies, and how big the international community is in each city.