Last update: Oct 2026

Cost of Living Comparison Between Labrador City and Panama City

For one person, living is cheaper in Panama City: $1,857 a month against $2,361 in Labrador City, rent and utilities included – about $6,000 less a year. Rent and utilities account for about half of the difference.

115

Cost of Living Index in Labrador City
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Labrador City Living Index
90

Cost of Living Index in Panama City
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Panama City Living Index

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Labrador City

🇨🇦 Canada

$2,361

/mo nomad

Panama City

🇵🇦 Panama

$1,857

/mo nomad

Monthly Cost of Living

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

Monthly costs for one person with rent: $2,361 in Labrador City versus $1,857 in Panama City.

Labrador City $2,361
Panama City $1,857

Estimated couple costs with rent: $3,438 in Labrador City versus $2,815 in Panama City.

Labrador City $3,438
Panama City $2,815

Monthly costs for a family of three with rent: $4,514 in Labrador City versus $3,773 in Panama City.

Labrador City $4,514
Panama City $3,773

Living in Labrador City is roughly 27% more expensive than in Panama City, and outside of rent the biggest gap is in eating out.

Both cities are pricier than the global median: Labrador City 74% above, Panama City 37% above.

Meal at Budget Restaurant

$29.93 CA$42.31

$11.68 PAB 11.68

156.25%

Three-Course Dinner for Two, Mid-Range

$68.8 CA$97.2

$47.76 PAB 47.76

43.97%

Fast Food Meal (McDonalds, etc)

$12.75 CA$18.02

$8.12 PAB 8.12

57.02%

Cappuccino

$3.50 CA$4.95

$4.23 PAB 4.23

-17.26%

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

$4.12 CA$5.83

$1.92 PAB 1.92

114.58%

Water (0.33 liter bottle)

$2.16 CA$3.05

$1.58 PAB 1.58

36.71%

Local Beer (0.5 liter draught)

$5.37 CA$7.59

$3.31 PAB 3.31

62.24%

Imported Beer (0.33 liter bottle)

$5.64 CA$7.97

$3.98 PAB 3.98

41.71%

Milk (1 liter)

$2.07 CA$2.93

$1.92 PAB 1.92

7.81%

White Bread (500g)

$2.41 CA$3.41

$2.63 PAB 2.63

-8.37%

Rice (white) (1kg)

$3.23 CA$4.56

$3.39 PAB 3.39

-4.72%

Eggs

$2.86 CA$4.05

$2.67 PAB 2.67

7.12%

Local Cheese (1kg)

$9.73 CA$13.76

$12.21 PAB 12.21

-20.31%

Chicken Fillets (1kg)

$11.22 CA$15.86

$6.91 PAB 6.91

62.37%

Beef Round Steak (1kg)

$14.41 CA$20.37

$10.58 PAB 10.58

36.20%

Apples (1kg)

$3.68 CA$5.20

$4.16 PAB 4.16

-11.54%

Banana (1kg)

$1.29 CA$1.82

$1.97 PAB 1.97

-34.52%

Oranges (1kg)

$3.74 CA$5.28

$4.06 PAB 4.06

-7.88%

Tomato (1kg)

$3.80 CA$5.37

$4.18 PAB 4.18

-9.09%

Potato (1kg)

$2.44 CA$3.45

$3.47 PAB 3.47

-29.68%

Onion (1kg)

$2.20 CA$3.11

$4.26 PAB 4.26

-48.36%

Lettuce (1 head)

$2.45 CA$3.46

$2.44 PAB 2.44

0.41%

Water (1.5 liter bottle)

$1.62 CA$2.28

$1.69 PAB 1.69

-4.14%

Cigarettes 20 Pack (Marlboro, Camel)

$14.02 CA$19.82

$5.83 PAB 5.83

140.48%

Wine (Bottle)

$12.78 CA$18.06

$11.43 PAB 11.43

11.81%

Local Beer (0.5 liter bottle)

$2.57 CA$3.63

$1.38 PAB 1.38

86.23%

Imported Beer (0.33 liter bottle)

$3.08 CA$4.36

$2.76 PAB 2.76

11.59%

One-way Ticket (Public Transport)

$2.25 CA$3.18

$0.33 PAB 0.33

581.82%

Public Transport Monthly Pass (Regular Price)

$62.0 CA$87.7

$20.63 PAB 20.63

200.68%

Taxi Start (Normal Tariff)

$2.92 CA$4.13

$2.55 PAB 2.55

14.51%

Taxi (Normal Tariff) (1km)

$1.48 CA$2.09

$1.78 PAB 1.78

-16.85%

Taxi 1hour Waiting (Normal Tariff)

$22.79 CA$32.22

$22.17 PAB 22.17

2.80%

Gasoline (1 liter)

$1.18 CA$1.67

$1.24 PAB 1.24

-4.84%

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

$28.2K CA$39.8K

$24.4K PAB 24.4K

15.47%

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

$19.0K CA$26.9K

$21.3K PAB 21.3K

-10.67%

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

$133 CA$187

$131 PAB 131

0.97%

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

$38.45 CA$54.4

$27.83 PAB 27.83

38.16%

Internet (50+ Mbps, Unlimited Data)

$91.7 CA$130

$49.32 PAB 49.32

85.97%

Gym Membership (Monthly)

$40.01 CA$56.6

$45.69 PAB 45.69

-12.43%

Tennis Court (1 Hour on Weekend)

$18.16 CA$25.68

$34.10 PAB 34.10

-46.74%

Cinema Ticket

$11.21 CA$15.84

$8.47 PAB 8.47

32.35%

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

$736 CA$1,041

$553 PAB 553

33.06%

International Primary School, 1 Child (Yearly)

$13.0K CA$18.4K

$9,719 PAB 9,719

34.20%

Jeans (Levis 501 Or Similar)

$52.4 CA$74.1

$66.4 PAB 66.4

-21.07%

Summer Dress (H&M, Zara, etc)

$37.89 CA$53.6

$47.39 PAB 47.39

-20.05%

Sport Shoes (Adidas, Nike)

$84.2 CA$119

$95.7 PAB 95.7

-12.01%

Men's Leather Business Shoes

$103 CA$145

$113 PAB 113

-8.66%

1-bedroom Apartment, City Center (Monthly)

$1,235 CA$1,746

$1,322 PAB 1,322

-6.60%

1-bedroom Apartment, Outside City Center (Monthly)

$1,104 CA$1,561

$874 PAB 874

26.28%

3-bedroom Apartment, City Center (Monthly)

$1,968 CA$2,782

$2,153 PAB 2,153

-8.59%

3-bedroom Apartment, Outside City Center (Monthly)

$1,710 CA$2,417

$1,580 PAB 1,580

8.18%

Buy Apartment in City Center (m2)

$4,188 CA$5,920

$3,097 PAB 3,097

35.21%

Buy Apartment Outside City Center (m2)

$3,561 CA$5,034

$1,698 PAB 1,698

109.70%

Average Monthly Net Salary (After Tax)

$3,269 CA$4,622

$914 PAB 914

257.74%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.39

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

Last update for Labrador City: October 17, 2026

Last update for Panama City: October 20, 2026

Monthly budget structure

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

Accommodation & Living

Labrador City

$1.1K 46.7%

Panama City

$874 47.1% 20.8% $230

Eating Out

Labrador City

$383 16.2%

Panama City

$207 11.2% 45.9% $176

Groceries & Markets

Labrador City

$343 14.5%

Panama City

$327 17.6% 4.8% $17

Monthly Utilities & Internet

Labrador City

$263 11.1%

Panama City

$208 11.2% 20.7% $54

Clothing & Footwear

Labrador City

$125 5.3%

Panama City

$145 7.8% 16.1% $20

Getting Around

Labrador City

$81 3.4%

Panama City

$33 1.8% 58.9% $48

Sport & Entertainment

Labrador City

$62 2.6%

Panama City

$63 3.4% 0.3% $0.2

Cost Breakdown

A one-bedroom apartment in the center runs $1,235 in Labrador City and $1,322 in Panama City. Housing cost is often the main lever when comparing two cities.

Labrador City pays 258% 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 Labrador City vs $48.00 in Panama City for a mid-range dinner for two. Groceries echo the gap at $343 vs $327 per month, with Panama City cheaper across the board.

Good to know

🇨🇦 Labrador City

🇵🇦 Panama City

🕒 Local time

02:21 2:21 AM

00:21 12:21 AM

2 h behind Labrador City

🌤 Weather

👥 Population

7,400

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 21, 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 21, 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

Labrador City Panama City 5,020 km ≈ 7 h nonstop flight

From you

Labrador City
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

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

Panama City is cheaper overall, especially in eating out, groceries, and utilities. The 27% gap adds up to real monthly savings that compound significantly over time.

Average pay runs 258% higher in Labrador City, 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: $1,235 in Labrador City versus $1,322 in Panama City. Housing is usually the single largest factor when comparing overall living costs between the two.

Dining out is cheaper in Panama City – a meal for two runs $48.00 versus $69.0 in Labrador City. If you eat out regularly, this makes a real dent in your monthly spending.

All in, you'll spend $2,361 per month in Labrador City versus $1,857 in Panama City – a 27% gap that adds up to real savings over time for anyone picking the cheaper option.

At $1,857 in Panama City versus $2,361 in Labrador City, a $2,500 budget is realistic in Panama City but tight or insufficient in Labrador City. 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 Labrador City, and the savings on those two alone free up budget for education, activities, and family trips.

Safety-wise, Labrador City 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 27% less than in Labrador City. Beyond cost, consider language, visa policies, and how big the international community is in each city.