Last update: Oct 2026

Cost of Living Comparison Between Panama City and Grand Falls-Windsor

For one person, living is cheaper in Panama City: $1,837 a month against $2,254 in Grand Falls-Windsor, rent and utilities included – about $5,000 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
108

Cost of Living Index in Grand Falls-Windsor
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Grand Falls-Windsor Living Index

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Panama City

🇵🇦 Panama

$1,837

/mo nomad

Grand Falls-Windsor

🇨🇦 Canada

$2,254

/mo nomad

Monthly Cost of Living

How much you'll spend in Panama City and in Grand Falls-Windsor

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 Grand Falls-Windsor actually costs, broken down by who's living it.

A single person spends $1,837 per month in Panama City vs $2,254 in Grand Falls-Windsor, rent included.

Panama City $1,837
Grand Falls-Windsor $2,254

A couple spends around $2,825 per month in Panama City vs $3,219 in Grand Falls-Windsor, rent included.

Panama City $2,825
Grand Falls-Windsor $3,219

A family of three spends $3,812 per month in Panama City vs $4,185 in Grand Falls-Windsor, rent included.

Panama City $3,812
Grand Falls-Windsor $4,185

Panama City is about 18% cheaper than Grand Falls-Windsor, and outside of rent the biggest gap is in transport.

Both Panama City and Grand Falls-Windsor sit above the global median – Panama City by 37%, Grand Falls-Windsor by 68%.

Meal at Budget Restaurant

$11.34 PAB 11.34

$14.97 CA$21.30

-24.25%

Three-Course Dinner for Two, Mid-Range

$47.85 PAB 47.85

$56.7 CA$80.6

-15.58%

Fast Food Meal (McDonalds, etc)

$8.07 PAB 8.07

$9.36 CA$13.32

-13.78%

Cappuccino

$4.02 PAB 4.02

$3.56 CA$5.06

12.92%

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

$1.94 PAB 1.94

$2.07 CA$2.95

-6.28%

Water (0.33 liter bottle)

$1.62 PAB 1.62

$1.76 CA$2.50

-7.95%

Local Beer (0.5 liter draught)

$3.26 PAB 3.26

$4.81 CA$6.85

-32.22%

Imported Beer (0.33 liter bottle)

$3.99 PAB 3.99

$5.48 CA$7.79

-27.19%

Milk (1 liter)

$1.83 PAB 1.83

$2.10 CA$2.98

-12.86%

White Bread (500g)

$2.57 PAB 2.57

$2.46 CA$3.49

4.47%

Rice (white) (1kg)

$3.33 PAB 3.33

$2.95 CA$4.20

12.88%

Eggs

$2.69 PAB 2.69

$3.56 CA$5.07

-24.44%

Local Cheese (1kg)

$12.33 PAB 12.33

$10.19 CA$14.50

21.00%

Chicken Fillets (1kg)

$6.69 PAB 6.69

$9.97 CA$14.18

-32.90%

Beef Round Steak (1kg)

$10.40 PAB 10.40

$14.86 CA$21.14

-30.01%

Apples (1kg)

$4.16 PAB 4.16

$3.74 CA$5.32

11.23%

Banana (1kg)

$1.84 PAB 1.84

$1.29 CA$1.84

42.64%

Oranges (1kg)

$4.18 PAB 4.18

$3.84 CA$5.46

8.85%

Tomato (1kg)

$4.08 PAB 4.08

$3.41 CA$4.85

19.65%

Potato (1kg)

$3.50 PAB 3.50

$2.13 CA$3.03

64.32%

Onion (1kg)

$4.37 PAB 4.37

$1.87 CA$2.67

133.69%

Lettuce (1 head)

$2.34 PAB 2.34

$2.46 CA$3.49

-4.88%

Water (1.5 liter bottle)

$1.75 PAB 1.75

$1.59 CA$2.26

10.06%

Cigarettes 20 Pack (Marlboro, Camel)

$6.06 PAB 6.06

$12.36 CA$17.59

-50.97%

Wine (Bottle)

$11.72 PAB 11.72

$14.30 CA$20.35

-18.04%

Local Beer (0.5 liter bottle)

$1.37 PAB 1.37

$2.31 CA$3.28

-40.69%

Imported Beer (0.33 liter bottle)

$2.84 PAB 2.84

$2.71 CA$3.85

4.80%

One-way Ticket (Public Transport)

$0.36 PAB 0.36

$2.05 CA$2.91

-82.44%

Public Transport Monthly Pass (Regular Price)

$20.96 PAB 20.96

$69.5 CA$98.9

-69.85%

Taxi Start (Normal Tariff)

$2.52 PAB 2.52

$3.10 CA$4.41

-18.71%

Taxi (Normal Tariff) (1km)

$1.79 PAB 1.79

$1.29 CA$1.83

38.76%

Taxi 1hour Waiting (Normal Tariff)

$22.01 PAB 22.01

$21.92 CA$31.18

0.41%

Gasoline (1 liter)

$1.25 PAB 1.25

$1.18 CA$1.68

5.93%

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

$21.5K PAB 21.5K

$31.1K CA$44.3K

-30.80%

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

$21.2K PAB 21.2K

$18.6K CA$26.5K

13.75%

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

$131 PAB 131

$155 CA$220

-15.25%

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

$27.68 PAB 27.68

$39.33 CA$55.9

-29.62%

Internet (50+ Mbps, Unlimited Data)

$48.59 PAB 48.59

$57.3 CA$81.5

-15.22%

Gym Membership (Monthly)

$46.11 PAB 46.11

$41.67 CA$59.3

10.66%

Tennis Court (1 Hour on Weekend)

$35.01 PAB 35.01

$17.04 CA$24.23

105.46%

Cinema Ticket

$8.73 PAB 8.73

$9.55 CA$13.59

-8.59%

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

$551 PAB 551

$855 CA$1,216

-35.59%

International Primary School, 1 Child (Yearly)

$9,560 PAB 9,560

$12.0K CA$17.0K

-20.08%

Jeans (Levis 501 Or Similar)

$67.6 PAB 67.6

$60.1 CA$85.4

12.55%

Summer Dress (H&M, Zara, etc)

$48.03 PAB 48.03

$42.16 CA$60.0

13.92%

Sport Shoes (Adidas, Nike)

$94.9 PAB 94.9

$96.4 CA$137

-1.52%

Men's Leather Business Shoes

$113 PAB 113

$103 CA$146

9.75%

1-bedroom Apartment, City Center (Monthly)

$1,238 PAB 1,238

$1,254 CA$1,783

-1.27%

1-bedroom Apartment, Outside City Center (Monthly)

$873 PAB 873

$1,235 CA$1,756

-29.28%

3-bedroom Apartment, City Center (Monthly)

$2,197 PAB 2,197

$2,166 CA$3,081

1.44%

3-bedroom Apartment, Outside City Center (Monthly)

$1,538 PAB 1,538

$1,769 CA$2,516

-13.03%

Buy Apartment in City Center (m2)

$3,116 PAB 3,116

$4,023 CA$5,722

-22.55%

Buy Apartment Outside City Center (m2)

$1,725 PAB 1,725

$3,435 CA$4,885

-49.79%

Average Monthly Net Salary (After Tax)

$934 PAB 934

20-Year Fixed Mortgage Interest Rate (Annual %)

6.39

4.64

37.72%

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

Last update for Panama City: October 3, 2026

Last update for Grand Falls-Windsor: October 4, 2026

Monthly budget structure

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

Accommodation & Living

Panama City

$873 47.2%

Grand Falls-Windsor

$1.2K 52.5% 41.4% $361

Groceries & Markets

Panama City

$324 17.5%

Grand Falls-Windsor

$340 14.5% 4.9% $16

Monthly Utilities & Internet

Panama City

$207 11.2%

Grand Falls-Windsor

$251 10.7% 21.2% $44

Eating Out

Panama City

$202 10.9%

Grand Falls-Windsor

$241 10.3% 19.5% $39

Clothing & Footwear

Panama City

$146 7.9%

Grand Falls-Windsor

$136 5.8% 6.8% $9.9

Sport & Entertainment

Panama City

$64 3.4%

Grand Falls-Windsor

$61 2.6% 4.4% $2.8

Getting Around

Panama City

$34 1.8%

Grand Falls-Windsor

$87 3.7% 158% $53

Cost Breakdown

A central one-bedroom costs $1,238 in Panama City versus $1,254 in Grand Falls-Windsor. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

A mid-range dinner for two costs $48.00 in Panama City versus $57.0 in Grand Falls-Windsor. Monthly groceries follow the same trend: $324 vs $340 – making Panama City the more affordable choice for daily food spending.

Good to know

🇵🇦 Panama City

🇨🇦 Grand Falls-Windsor

🕒 Local time

22:00 10:00 PM

00:30 12:30 AM

2 h 30 min ahead of Panama City

🌤 Weather

👥 Population

1,086,990 Capital

13,725

💱 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

Lowest

Highest

Between locations

Panama City Grand Falls-Windsor 4,970 km ≈ 7 h nonstop flight

From you

Panama City
Grand Falls-Windsor

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 Grand Falls-Windsor: Cost of Living - Frequently Asked Questions

Yes – Grand Falls-Windsor is pricier by about 23%, and outside of rent the gap shows up most in transport.

For a comfortable life, plan on about $2,756 per month in Panama City and $3,381 in Grand Falls-Windsor. 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.

Public transport costs about 232% less in Panama City. For daily commuters, that gap adds up to noticeable savings over a year.

Kindergarten costs $551 per month in Panama City and $855 in Grand Falls-Windsor. For families with young kids, this one expense can tip the scales when choosing between the two cities.

A $2,500 monthly budget goes further in Panama City, where all-in costs run around $1,837, than in Grand Falls-Windsor at $2,254. In Panama City it covers expenses comfortably, while in Grand Falls-Windsor it requires careful planning or may not stretch far enough.

Families tend to lean toward Panama City – lower housing and cheaper childcare make a real difference, especially on a single income or when paying for private education.

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