Last update: Oct 2026

Cost of Living Comparison Between New Glasgow Nova Scotia and Panama City

For one person, living is cheaper in Panama City: $1,837 a month against $2,025 in New Glasgow Nova Scotia, rent and utilities included – about $2,300 less a year. Rent and utilities account for most of the difference.

98

Cost of Living Index in New Glasgow Nova Scotia
Learn more

New Glasgow Nova Scotia Living Index
90

Cost of Living Index in Panama City
Learn more

Panama City Living Index

Jump to prices

New Glasgow Nova Scotia

🇨🇦 Canada

$2,025

/mo nomad

Panama City

🇵🇦 Panama

$1,837

/mo nomad

Monthly Cost of Living

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

A single person spends $2,025 per month in New Glasgow Nova Scotia vs $1,837 in Panama City, rent included.

New Glasgow Nova Scotia $2,025
Panama City $1,837

A couple spends around $3,019 per month in New Glasgow Nova Scotia vs $2,825 in Panama City, rent included.

New Glasgow Nova Scotia $3,019
Panama City $2,825

A family of three spends $4,012 per month in New Glasgow Nova Scotia vs $3,812 in Panama City, rent included.

New Glasgow Nova Scotia $4,012
Panama City $3,812

New Glasgow Nova Scotia costs about 10% more than Panama City, and outside of rent the biggest gap is in eating out.

Both New Glasgow Nova Scotia and Panama City sit above the global median – New Glasgow Nova Scotia by 51%, Panama City by 37%.

Meal at Budget Restaurant

$18.54 CA$26.42

$11.34 PAB 11.34

63.49%

Three-Course Dinner for Two, Mid-Range

$56.2 CA$80.1

$47.85 PAB 47.85

17.37%

Fast Food Meal (McDonalds, etc)

$10.61 CA$15.13

$8.07 PAB 8.07

31.47%

Cappuccino

$3.46 CA$4.94

$4.02 PAB 4.02

-13.93%

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

$2.03 CA$2.89

$1.94 PAB 1.94

4.64%

Water (0.33 liter bottle)

$1.82 CA$2.59

$1.62 PAB 1.62

12.35%

Local Beer (0.5 liter draught)

$3.65 CA$5.20

$3.26 PAB 3.26

11.96%

Imported Beer (0.33 liter bottle)

$4.66 CA$6.65

$3.99 PAB 3.99

16.79%

Milk (1 liter)

$1.89 CA$2.69

$1.83 PAB 1.83

3.28%

White Bread (500g)

$2.73 CA$3.90

$2.57 PAB 2.57

6.23%

Rice (white) (1kg)

$3.43 CA$4.89

$3.33 PAB 3.33

3.00%

Eggs

$3.54 CA$5.05

$2.69 PAB 2.69

31.60%

Local Cheese (1kg)

$13.39 CA$19.08

$12.33 PAB 12.33

8.60%

Chicken Fillets (1kg)

$9.58 CA$13.66

$6.69 PAB 6.69

43.20%

Beef Round Steak (1kg)

$13.00 CA$18.53

$10.40 PAB 10.40

25.00%

Apples (1kg)

$5.42 CA$7.73

$4.16 PAB 4.16

30.29%

Banana (1kg)

$1.38 CA$1.96

$1.84 PAB 1.84

-25.00%

Oranges (1kg)

$4.59 CA$6.55

$4.18 PAB 4.18

9.81%

Tomato (1kg)

$4.30 CA$6.13

$4.08 PAB 4.08

5.39%

Potato (1kg)

$2.00 CA$2.85

$3.50 PAB 3.50

-42.86%

Onion (1kg)

$2.08 CA$2.96

$4.37 PAB 4.37

-52.40%

Lettuce (1 head)

$2.16 CA$3.08

$2.34 PAB 2.34

-7.69%

Water (1.5 liter bottle)

$2.13 CA$3.04

$1.75 PAB 1.75

21.71%

Cigarettes 20 Pack (Marlboro, Camel)

$14.28 CA$20.36

$6.06 PAB 6.06

135.64%

Wine (Bottle)

$13.81 CA$19.68

$11.72 PAB 11.72

17.83%

Local Beer (0.5 liter bottle)

$3.26 CA$4.65

$1.37 PAB 1.37

137.96%

Imported Beer (0.33 liter bottle)

$4.03 CA$5.75

$2.84 PAB 2.84

41.90%

One-way Ticket (Public Transport)

$0.36 PAB 0.36

Public Transport Monthly Pass (Regular Price)

$56.3 CA$80.3

$20.96 PAB 20.96

168.65%

Taxi Start (Normal Tariff)

$2.81 CA$4.01

$2.52 PAB 2.52

11.51%

Taxi (Normal Tariff) (1km)

$1.31 CA$1.87

$1.79 PAB 1.79

-26.82%

Taxi 1hour Waiting (Normal Tariff)

$20.70 CA$29.50

$22.01 PAB 22.01

-5.95%

Gasoline (1 liter)

$1.09 CA$1.55

$1.25 PAB 1.25

-12.80%

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

$27.7K CA$39.4K

$21.5K PAB 21.5K

28.45%

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

$19.3K CA$27.5K

$21.2K PAB 21.2K

-9.11%

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

$123 CA$176

$131 PAB 131

-5.87%

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

$40.94 CA$58.4

$27.68 PAB 27.68

47.90%

Internet (50+ Mbps, Unlimited Data)

$56.8 CA$81.0

$48.59 PAB 48.59

16.92%

Gym Membership (Monthly)

$46.22 CA$65.9

$46.11 PAB 46.11

0.24%

Tennis Court (1 Hour on Weekend)

$35.01 PAB 35.01

Cinema Ticket

$12.73 CA$18.14

$8.73 PAB 8.73

45.82%

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

$377 CA$537

$551 PAB 551

-31.51%

International Primary School, 1 Child (Yearly)

$13.1K CA$18.7K

$9,560 PAB 9,560

36.98%

Jeans (Levis 501 Or Similar)

$59.6 CA$85.0

$67.6 PAB 67.6

-11.80%

Summer Dress (H&M, Zara, etc)

$34.96 CA$49.83

$48.03 PAB 48.03

-27.21%

Sport Shoes (Adidas, Nike)

$103 CA$146

$94.9 PAB 94.9

8.03%

Men's Leather Business Shoes

$116 CA$165

$113 PAB 113

2.75%

1-bedroom Apartment, City Center (Monthly)

$1,066 CA$1,519

$1,238 PAB 1,238

-13.91%

1-bedroom Apartment, Outside City Center (Monthly)

$872 CA$1,243

$873 PAB 873

-0.13%

3-bedroom Apartment, City Center (Monthly)

$1,539 CA$2,194

$2,197 PAB 2,197

-29.94%

3-bedroom Apartment, Outside City Center (Monthly)

$1,517 CA$2,162

$1,538 PAB 1,538

-1.38%

Buy Apartment in City Center (m2)

$3,116 PAB 3,116

Buy Apartment Outside City Center (m2)

$1,725 PAB 1,725

Average Monthly Net Salary (After Tax)

$2,473 CA$3,525

$934 PAB 934

164.67%

20-Year Fixed Mortgage Interest Rate (Annual %)

4.6

6.39

-28.01%

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

Last update for New Glasgow Nova Scotia: October 4, 2026

Last update for Panama City: October 3, 2026

Monthly budget structure

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

Accommodation & Living

New Glasgow Nova Scotia

$872 43.4%

Panama City

$873 47.2% 0.1% $1.2

Groceries & Markets

New Glasgow Nova Scotia

$373 18.6%

Panama City

$324 17.5% 13% $49

Eating Out

New Glasgow Nova Scotia

$265 13.2%

Panama City

$202 10.9% 23.8% $63

Monthly Utilities & Internet

New Glasgow Nova Scotia

$221 11%

Panama City

$207 11.2% 6.2% $14

Clothing & Footwear

New Glasgow Nova Scotia

$141 7%

Panama City

$146 7.9% 3.3% $4.7

Sport & Entertainment

New Glasgow Nova Scotia

$72 3.6%

Panama City

$64 3.4% 11.3% $8.1

Getting Around

New Glasgow Nova Scotia

$66 * 3.3%

Panama City

$34 1.8% 48.4% $32

Categories marked with * are only partly priced – their share counts the items that do have prices.

Cost Breakdown

A central one-bedroom costs $1,066 in New Glasgow Nova Scotia 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 165% higher in New Glasgow Nova Scotia, 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 $56.0 in New Glasgow Nova Scotia versus $48.00 in Panama City. Monthly groceries follow the same trend: $373 vs $324 – making Panama City the more affordable choice for daily food spending.

Good to know

🇨🇦 New Glasgow Nova Scotia

🇵🇦 Panama City

🕒 Local time

08:55 8:55 AM

06:55 6:55 AM

2 h behind New Glasgow Nova Scotia

🌤 Weather

👥 Population

18,665

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 11, 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 11, 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

Lowest

Highest

Between locations

New Glasgow Nova Scotia Panama City 4,380 km ≈ 6 h nonstop flight

From you

New Glasgow Nova Scotia
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

New Glasgow Nova Scotia vs Panama City: Cost of Living - Frequently Asked Questions

New Glasgow Nova Scotia costs about 10% more than Panama City, and outside of rent the gap comes mainly from eating out. That's enough to noticeably affect everyday spending and lifestyle for anyone choosing between the two.

For a comfortable life, plan on about $3,038 per month in New Glasgow Nova Scotia 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.

Groceries cost about 15% more in New Glasgow Nova Scotia, though it depends on what you buy. Local produce may be comparable; imported and premium items show the biggest price gap.

A mid-range dinner for two costs $56.0 in New Glasgow Nova Scotia and $48.00 in Panama City. That's a good indicator of the overall restaurant and café pricing gap between the two cities.

A $2,500 monthly budget goes further in Panama City, where all-in costs run around $1,837, than in New Glasgow Nova Scotia at $2,025. In Panama City it covers expenses comfortably, while in New Glasgow Nova Scotia it requires careful planning or may not stretch far enough.

For digital nomads, it depends on budget. Panama City costs $1,837 versus $2,025 in New Glasgow Nova Scotia. Both have workable remote work infrastructure, but the cost gap matters when income varies month to month.

Both have safer and rougher neighborhoods, but overall safety is comparable to other large cities. Neighborhood choice matters more than the city-level comparison – central, well-trafficked areas feel secure in both.

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