Last update: Oct 2026

Cost of Living Comparison Between Panama City and Canoga Park, CA

For one person, living is cheaper in Panama City: $1,857 a month against $2,658 in Canoga Park, CA, rent and utilities included – about $9,600 less a year. Rent and utilities account for about half of the difference.

90

Cost of Living Index in Panama City
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Panama City Living Index
129

Cost of Living Index in Canoga Park, CA
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Canoga Park, CA Living Index

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Panama City

🇵🇦 Panama

$1,857

/mo nomad

Canoga Park, CA

🇺🇸 United States

$2,658

/mo nomad

Monthly Cost of Living

How much you'll spend in Panama City and in Canoga Park, CA

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Panama City and in Canoga Park, CA actually costs, broken down by who's living it.

Monthly costs for one person with rent: $1,857 in Panama City versus $2,658 in Canoga Park, CA.

Panama City $1,857
Canoga Park, CA $2,658

Estimated couple costs with rent: $2,815 in Panama City versus $3,955 in Canoga Park, CA.

Panama City $2,815
Canoga Park, CA $3,955

Monthly costs for a family of three with rent: $3,773 in Panama City versus $5,252 in Canoga Park, CA.

Panama City $3,773
Canoga Park, CA $5,252

Living in Panama City costs roughly 30% less than in Canoga Park, CA, and outside of rent the biggest gap is in groceries.

Both cities are pricier than the global median: Panama City 37% above, Canoga Park, CA 96% above.

Meal at Budget Restaurant

$11.68 PAB 11.68

$25.02 $25.02

-53.32%

Three-Course Dinner for Two, Mid-Range

$47.76 PAB 47.76

$64.8 $64.8

-26.27%

Fast Food Meal (McDonalds, etc)

$8.12 PAB 8.12

$7.81 $7.81

3.97%

Cappuccino

$4.23 PAB 4.23

$5.82 $5.82

-27.32%

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

$1.92 PAB 1.92

$1.96 $1.96

-2.04%

Water (0.33 liter bottle)

$1.58 PAB 1.58

$1.77 $1.77

-10.73%

Local Beer (0.5 liter draught)

$3.31 PAB 3.31

$6.31 $6.31

-47.54%

Imported Beer (0.33 liter bottle)

$3.98 PAB 3.98

$9.86 $9.86

-59.63%

Milk (1 liter)

$1.92 PAB 1.92

$1.50 $1.50

28.00%

White Bread (500g)

$2.63 PAB 2.63

$3.82 $3.82

-31.15%

Rice (white) (1kg)

$3.39 PAB 3.39

$5.54 $5.54

-38.81%

Eggs

$2.67 PAB 2.67

$5.33 $5.33

-49.91%

Local Cheese (1kg)

$12.21 PAB 12.21

$19.23 $19.23

-36.51%

Chicken Fillets (1kg)

$6.91 PAB 6.91

$14.81 $14.81

-53.34%

Beef Round Steak (1kg)

$10.58 PAB 10.58

$21.73 $21.73

-51.31%

Apples (1kg)

$4.16 PAB 4.16

$7.73 $7.73

-46.18%

Banana (1kg)

$1.97 PAB 1.97

$3.38 $3.38

-41.72%

Oranges (1kg)

$4.06 PAB 4.06

$6.42 $6.42

-36.76%

Tomato (1kg)

$4.18 PAB 4.18

$10.07 $10.07

-58.49%

Potato (1kg)

$3.47 PAB 3.47

$2.80 $2.80

23.93%

Onion (1kg)

$4.26 PAB 4.26

$4.92 $4.92

-13.41%

Lettuce (1 head)

$2.44 PAB 2.44

$3.03 $3.03

-19.47%

Water (1.5 liter bottle)

$1.69 PAB 1.69

$2.73 $2.73

-38.10%

Cigarettes 20 Pack (Marlboro, Camel)

$5.83 PAB 5.83

$11.57 $11.57

-49.61%

Wine (Bottle)

$11.43 PAB 11.43

$15.06 $15.06

-24.10%

Local Beer (0.5 liter bottle)

$1.38 PAB 1.38

$2.21 $2.21

-37.56%

Imported Beer (0.33 liter bottle)

$2.76 PAB 2.76

$4.04 $4.04

-31.68%

One-way Ticket (Public Transport)

$0.33 PAB 0.33

$2.08 $2.08

-84.13%

Public Transport Monthly Pass (Regular Price)

$20.63 PAB 20.63

$49.47 $49.47

-58.30%

Taxi Start (Normal Tariff)

$2.55 PAB 2.55

$2.97 $2.97

-14.14%

Taxi (Normal Tariff) (1km)

$1.78 PAB 1.78

$1.57 $1.57

13.38%

Taxi 1hour Waiting (Normal Tariff)

$22.17 PAB 22.17

$25.38 $25.38

-12.65%

Gasoline (1 liter)

$1.24 PAB 1.24

$1.54 $1.54

-19.48%

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

$24.4K PAB 24.4K

$27.9K $27.9K

-12.44%

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

$21.3K PAB 21.3K

$26.9K $26.9K

-20.89%

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

$131 PAB 131

$79.6 $79.6

64.96%

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

$27.83 PAB 27.83

$30.54 $30.54

-8.87%

Internet (50+ Mbps, Unlimited Data)

$49.32 PAB 49.32

$70.0 $70.0

-29.56%

Gym Membership (Monthly)

$45.69 PAB 45.69

$41.44 $41.44

10.26%

Tennis Court (1 Hour on Weekend)

$34.10 PAB 34.10

Cinema Ticket

$8.47 PAB 8.47

$10.67 $10.67

-20.62%

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

$553 PAB 553

$1,436 $1,436

-61.45%

International Primary School, 1 Child (Yearly)

$9,719 PAB 9,719

$37.6K $37.6K

-74.15%

Jeans (Levis 501 Or Similar)

$66.4 PAB 66.4

$49.15 $49.15

35.18%

Summer Dress (H&M, Zara, etc)

$47.39 PAB 47.39

$34.87 $34.87

35.90%

Sport Shoes (Adidas, Nike)

$95.7 PAB 95.7

$80.5 $80.5

18.82%

Men's Leather Business Shoes

$113 PAB 113

$150 $150

-25.09%

1-bedroom Apartment, City Center (Monthly)

$1,322 PAB 1,322

$1,841 $1,841

-28.19%

1-bedroom Apartment, Outside City Center (Monthly)

$874 PAB 874

$1,304 $1,304

-32.94%

3-bedroom Apartment, City Center (Monthly)

$2,153 PAB 2,153

$2,521 $2,521

-14.59%

3-bedroom Apartment, Outside City Center (Monthly)

$1,580 PAB 1,580

$2,134 $2,134

-25.95%

Buy Apartment in City Center (m2)

$3,097 PAB 3,097

$3,025 $3,025

2.41%

Buy Apartment Outside City Center (m2)

$1,698 PAB 1,698

$2,310 $2,310

-26.49%

Average Monthly Net Salary (After Tax)

$914 PAB 914

20-Year Fixed Mortgage Interest Rate (Annual %)

6.39

6.75

-5.33%

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

Last update for Panama City: October 20, 2026

Last update for Canoga Park, CA: October 20, 2026

Monthly budget structure

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

Accommodation & Living

Panama City

$874 47.1%

Canoga Park, CA

$1.3K 49.1% 49.1% $429

Groceries & Markets

Panama City

$327 17.6%

Canoga Park, CA

$541 20.4% 65.7% $214

Monthly Utilities & Internet

Panama City

$208 11.2%

Canoga Park, CA

$180 6.8% 13.6% $28

Eating Out

Panama City

$207 11.2%

Canoga Park, CA

$360 13.5% 73.7% $153

Clothing & Footwear

Panama City

$145 7.8%

Canoga Park, CA

$142 5.3% 2.2% $3.3

Sport & Entertainment

Panama City

$63 3.4%

Canoga Park, CA

$63 2.4% 0.2% $0.1

Getting Around

Panama City

$33 1.8%

Canoga Park, CA

$69 2.6% 105% $35

Cost Breakdown

A one-bedroom apartment in the center runs $1,322 in Panama City and $1,841 in Canoga Park, CA. Housing cost is often the main lever when comparing two cities.

Dining out: $48.00 in Panama City vs $65.0 in Canoga Park, CA for a mid-range dinner for two. Groceries echo the gap at $327 vs $541 per month, with Panama City cheaper across the board.

Good to know

🇵🇦 Panama City

🇺🇸 Canoga Park, CA

🕒 Local time

03:55 3:55 AM

01:55 1:55 AM

2 h behind Panama City

🌤 Weather

👥 Population

1,086,990 Capital

60,578

💱 Currency

Panamanian Balboa PAB B/.

United States Dollar USD $

📈 Exchange rate

1 PAB = 1 USD

1 PAB = 0.89 EUR

1 USD = 0.89 EUR

Exchange rates and currency converter

USD, EUR to PAB – Panamanian Balboa Converter

🇺🇸 United States Dollar ($)

🇵🇦 Panamanian Balboa (B/.)

Panamanian Balboa exchange rates as of October 23, 2026: 1 USD = 1 PAB (1 PAB = 1 USD). 1 EUR = 1.12 PAB (1 PAB = 0.89 EUR).

United States Dollar exchange rates as of October 23, 2026: 1 EUR = 1.12 USD (1 USD = 0.89 EUR).

USD to PAB in detail →

On the map

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Between locations

Panama City Canoga Park, CA 4,870 km ≈ 7 h nonstop flight

From you

Panama City
Canoga Park, CA

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

Panama City vs Canoga Park, CA: Cost of Living - Frequently Asked Questions

Panama City is cheaper overall, especially in groceries, eating out, and utilities. The 43% gap adds up to real monthly savings that compound significantly over time.

You'd need roughly $2,786 in Panama City and $3,987 in Canoga Park, CA to live well. The gap comes down to housing and overall price levels. Both cities are liveable on less, but these numbers represent actual comfort.

Rent for a central apartment: $1,322 in Panama City versus $1,841 in Canoga Park, CA. Housing is usually the single largest factor when comparing overall living costs between the two.

A monthly transit pass in Panama City runs roughly 140% less than in Canoga Park, CA. Both cities have functional networks, but the price difference matters if you're watching your budget.

Childcare runs $553 in Panama City versus $1,436 in Canoga Park, CA. Over years of preschool, even a modest monthly gap compounds into a major financial factor for families.

At $1,857 in Panama City versus $2,658 in Canoga Park, CA, a $2,500 budget is realistic in Panama City but tight or insufficient in Canoga Park, CA. 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 Canoga Park, CA, 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 43% less than in Canoga Park, CA. Beyond cost, consider language, visa policies, and how big the international community is in each city.