Last update: Oct 2026

Cost of Living Comparison Between Panama City and Corner Brook

For one person, living is cheaper in Panama City: $1,837 a month against $2,232 in Corner Brook, rent and utilities included – about $4,700 less a year. Higher rent and utilities in Corner Brook outweigh lower spending on other living expenses.

90

Cost of Living Index in Panama City
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Panama City Living Index
108

Cost of Living Index in Corner Brook
Learn more

Corner Brook Living Index

Jump to prices

Panama City

🇵🇦 Panama

$1,837

/mo nomad

Corner Brook

🇨🇦 Canada

$2,232

/mo nomad

Monthly Cost of Living

How much you'll spend in Panama City and in Corner Brook

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 Corner Brook actually costs, broken down by who's living it.

Monthly costs for one person with rent: $1,837 in Panama City versus $2,232 in Corner Brook.

Panama City $1,837
Corner Brook $2,232

Estimated couple costs with rent: $2,825 in Panama City versus $3,257 in Corner Brook.

Panama City $2,825
Corner Brook $3,257

Monthly costs for a family of three with rent: $3,812 in Panama City versus $4,282 in Corner Brook.

Panama City $3,812
Corner Brook $4,282

Living in Panama City costs roughly 18% less than in Corner Brook, and outside of rent the biggest gap is in eating out.

Both cities are pricier than the global median: Panama City 37% above, Corner Brook 67% above.

Meal at Budget Restaurant

$11.34 PAB 11.34

$17.51 CA$24.91

-35.24%

Three-Course Dinner for Two, Mid-Range

$47.85 PAB 47.85

$62.7 CA$89.2

-23.73%

Fast Food Meal (McDonalds, etc)

$8.07 PAB 8.07

$10.32 CA$14.68

-21.80%

Cappuccino

$4.02 PAB 4.02

$3.65 CA$5.20

10.14%

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

$1.94 PAB 1.94

$1.93 CA$2.75

0.52%

Water (0.33 liter bottle)

$1.62 PAB 1.62

$1.58 CA$2.24

2.53%

Local Beer (0.5 liter draught)

$3.26 PAB 3.26

$5.22 CA$7.42

-37.55%

Imported Beer (0.33 liter bottle)

$3.99 PAB 3.99

$5.54 CA$7.87

-27.98%

Milk (1 liter)

$1.83 PAB 1.83

$2.04 CA$2.90

-10.29%

White Bread (500g)

$2.57 PAB 2.57

$2.49 CA$3.55

3.21%

Rice (white) (1kg)

$3.33 PAB 3.33

$3.29 CA$4.68

1.22%

Eggs

$2.69 PAB 2.69

$3.33 CA$4.74

-19.22%

Local Cheese (1kg)

$12.33 PAB 12.33

$8.59 CA$12.22

43.54%

Chicken Fillets (1kg)

$6.69 PAB 6.69

$14.68 CA$20.89

-54.43%

Beef Round Steak (1kg)

$10.40 PAB 10.40

$14.45 CA$20.56

-28.03%

Apples (1kg)

$4.16 PAB 4.16

$3.73 CA$5.31

11.53%

Banana (1kg)

$1.84 PAB 1.84

$1.28 CA$1.82

43.75%

Oranges (1kg)

$4.18 PAB 4.18

$3.71 CA$5.27

12.67%

Tomato (1kg)

$4.08 PAB 4.08

$3.75 CA$5.34

8.80%

Potato (1kg)

$3.50 PAB 3.50

$2.54 CA$3.61

37.80%

Onion (1kg)

$4.37 PAB 4.37

$2.22 CA$3.16

96.85%

Lettuce (1 head)

$2.34 PAB 2.34

$2.18 CA$3.11

7.34%

Water (1.5 liter bottle)

$1.75 PAB 1.75

$1.51 CA$2.14

15.89%

Cigarettes 20 Pack (Marlboro, Camel)

$6.06 PAB 6.06

$13.39 CA$19.05

-54.74%

Wine (Bottle)

$11.72 PAB 11.72

$12.21 CA$17.37

-4.01%

Local Beer (0.5 liter bottle)

$1.37 PAB 1.37

$2.66 CA$3.78

-48.50%

Imported Beer (0.33 liter bottle)

$2.84 PAB 2.84

$3.29 CA$4.67

-13.68%

One-way Ticket (Public Transport)

$0.36 PAB 0.36

$2.32 CA$3.30

-84.48%

Public Transport Monthly Pass (Regular Price)

$20.96 PAB 20.96

$61.7 CA$87.7

-66.00%

Taxi Start (Normal Tariff)

$2.52 PAB 2.52

$2.99 CA$4.25

-15.72%

Taxi (Normal Tariff) (1km)

$1.79 PAB 1.79

$1.42 CA$2.02

26.06%

Taxi 1hour Waiting (Normal Tariff)

$22.01 PAB 22.01

$22.41 CA$31.88

-1.78%

Gasoline (1 liter)

$1.25 PAB 1.25

$1.25 CA$1.78

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

$21.5K PAB 21.5K

$29.6K CA$42.2K

-27.33%

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

$21.2K PAB 21.2K

$16.2K CA$23.1K

30.53%

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

$131 PAB 131

$134 CA$191

-2.08%

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

$27.68 PAB 27.68

$27.83 CA$39.58

-0.54%

Internet (50+ Mbps, Unlimited Data)

$48.59 PAB 48.59

$51.3 CA$72.9

-5.23%

Gym Membership (Monthly)

$46.11 PAB 46.11

$40.81 CA$58.1

12.99%

Tennis Court (1 Hour on Weekend)

$35.01 PAB 35.01

$19.48 CA$27.70

79.72%

Cinema Ticket

$8.73 PAB 8.73

$9.51 CA$13.53

-8.20%

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

$551 PAB 551

$673 CA$957

-18.13%

International Primary School, 1 Child (Yearly)

$9,560 PAB 9,560

$13.3K CA$18.9K

-28.08%

Jeans (Levis 501 Or Similar)

$67.6 PAB 67.6

$52.0 CA$74.0

30.02%

Summer Dress (H&M, Zara, etc)

$48.03 PAB 48.03

$37.87 CA$53.9

26.83%

Sport Shoes (Adidas, Nike)

$94.9 PAB 94.9

$85.3 CA$121

11.26%

Men's Leather Business Shoes

$113 PAB 113

$113 CA$160

0.25%

1-bedroom Apartment, City Center (Monthly)

$1,238 PAB 1,238

$1,229 CA$1,749

0.69%

1-bedroom Apartment, Outside City Center (Monthly)

$873 PAB 873

$1,134 CA$1,613

-23.00%

3-bedroom Apartment, City Center (Monthly)

$2,197 PAB 2,197

$1,968 CA$2,800

11.62%

3-bedroom Apartment, Outside City Center (Monthly)

$1,538 PAB 1,538

$1,703 CA$2,422

-9.66%

Buy Apartment in City Center (m2)

$3,116 PAB 3,116

$4,105 CA$5,839

-24.09%

Buy Apartment Outside City Center (m2)

$1,725 PAB 1,725

$4,012 CA$5,707

-57.01%

Average Monthly Net Salary (After Tax)

$934 PAB 934

$2,421 CA$3,444

-61.41%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.39

6.3

1.43%

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

Last update for Panama City: October 3, 2026

Last update for Corner Brook: October 4, 2026

Monthly budget structure

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

Accommodation & Living

Panama City

$873 47.2%

Corner Brook

$1.1K 50.6% 29.9% $261

Groceries & Markets

Panama City

$324 17.5%

Corner Brook

$358 16% 10.3% $33

Monthly Utilities & Internet

Panama City

$207 11.2%

Corner Brook

$213 9.5% 2.7% $5.6

Eating Out

Panama City

$202 10.9%

Corner Brook

$266 11.9% 31.9% $64

Clothing & Footwear

Panama City

$146 7.9%

Corner Brook

$130 5.8% 11% $16

Sport & Entertainment

Panama City

$64 3.4%

Corner Brook

$60 2.7% 5.9% $3.7

Getting Around

Panama City

$34 1.8%

Corner Brook

$81 3.6% 139% $47

Cost Breakdown

A one-bedroom apartment in the center runs $1,238 in Panama City and $1,229 in Corner Brook. Housing cost is often the main lever when comparing two cities.

Corner Brook pays 159% 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: $48.00 in Panama City vs $63.0 in Corner Brook for a mid-range dinner for two. Groceries echo the gap at $324 vs $358 per month, with Panama City cheaper across the board.

Good to know

🇵🇦 Panama City

🇨🇦 Corner Brook

🕒 Local time

22:44 10:44 PM

01:14 1:14 AM

2 h 30 min ahead of Panama City

🌤 Weather

👥 Population

1,086,990 Capital

19,886

💱 Currency

Panamanian Balboa PAB B/.

Canadian Dollar CAD $

📈 Exchange rate

1 PAB = 1 USD

1 PAB = 0.892 EUR

1 CAD = 0.703 USD

1 CAD = 0.627 EUR

Exchange rates and currency converter

CAD, USD, EUR to PAB – Panamanian Balboa Converter

🇺🇸 United States Dollar ($)

🇵🇦 Panamanian Balboa (B/.)

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).

Canadian Dollar exchange rates as of October 10, 2026: 1 USD = 1.42 CAD (1 CAD = 0.703 USD). 1 EUR = 1.6 CAD (1 CAD = 0.627 EUR).

USD to PAB in detail →

On the map

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Between locations

Panama City Corner Brook 4,880 km ≈ 7 h nonstop flight

From you

Panama City
Corner Brook

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 Corner Brook: Cost of Living - Frequently Asked Questions

Panama City wins on cost – living expenses run 21% lower than in Corner Brook. Housing and daily spending are where you'll feel the difference most, making Panama City the obvious pick if budget is a priority.

On paper, salaries run 159% lower in Corner Brook. That's worth factoring in alongside costs, though remote workers earning in a stronger currency may not notice the difference at all.

Rent for a central apartment: $1,238 in Panama City versus $1,229 in Corner Brook. 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 $63.0 in Corner Brook. If you eat out regularly, this makes a real dent in your monthly spending.

All in, you'll spend $1,837 per month in Panama City versus $2,232 in Corner Brook – a 21% gap that adds up to real savings over time for anyone picking the cheaper option.

At $1,837 in Panama City versus $2,232 in Corner Brook, a $2,500 budget is realistic in Panama City but tight or insufficient in Corner Brook. The gap between the two cities makes Panama City the clear choice for anyone on this budget.

Both work as nomad bases, but Panama City delivers better value – similar infrastructure at $1,837 monthly. If stretching your runway or maximizing savings is the goal, the price difference makes Panama City hard to pass up.

Expats usually find Panama City gentler on the wallet – expenses run 21% less than in Corner Brook. Beyond cost, consider language, visa policies, and how big the international community is in each city.