Last update: Oct 2026

Cost of Living Comparison Between Panama City and Nakusp

For one person, living is cheaper in Panama City: $1,855 a month against $2,337 in Nakusp, rent and utilities included – about $5,800 less a year. Rent and utilities account for most 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 Nakusp
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Nakusp Living Index

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Panama City

🇵🇦 Panama

$1,855

/mo nomad

Nakusp

🇨🇦 Canada

$2,337

/mo nomad

Monthly Cost of Living

How much you'll spend in Panama City and in Nakusp

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

A single person spends $1,855 per month in Panama City vs $2,337 in Nakusp, rent included.

Panama City $1,855
Nakusp $2,337

A couple spends around $2,804 per month in Panama City vs $3,158 in Nakusp, rent included.

Panama City $2,804
Nakusp $3,158

A family of three spends $3,753 per month in Panama City vs $3,979 in Nakusp, rent included.

Panama City $3,753
Nakusp $3,979

Panama City is about 21% cheaper than Nakusp, and outside of rent the biggest gap is in transport.

Both Panama City and Nakusp sit above the global median – Panama City by 37%, Nakusp by 73%.

Meal at Budget Restaurant

$11.63 PAB 11.63

$15.44 CA$21.83

-24.68%

Three-Course Dinner for Two, Mid-Range

$47.92 PAB 47.92

$74.2 CA$105

-35.42%

Fast Food Meal (McDonalds, etc)

$7.96 PAB 7.96

$9.41 CA$13.31

-15.41%

Cappuccino

$4.22 PAB 4.22

$3.24 CA$4.58

30.25%

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

$2.01 PAB 2.01

$1.75 CA$2.48

14.86%

Water (0.33 liter bottle)

$1.56 PAB 1.56

$1.47 CA$2.07

6.12%

Local Beer (0.5 liter draught)

$3.39 PAB 3.39

$5.58 CA$7.89

-39.25%

Imported Beer (0.33 liter bottle)

$3.94 PAB 3.94

$5.21 CA$7.36

-24.38%

Milk (1 liter)

$1.85 PAB 1.85

$2.00 CA$2.82

-7.50%

White Bread (500g)

$2.56 PAB 2.56

$2.52 CA$3.56

1.59%

Rice (white) (1kg)

$3.48 PAB 3.48

$3.28 CA$4.64

6.10%

Eggs

$2.69 PAB 2.69

$3.34 CA$4.73

-19.46%

Local Cheese (1kg)

$12.57 PAB 12.57

$9.67 CA$13.68

29.99%

Chicken Fillets (1kg)

$6.83 PAB 6.83

$11.30 CA$15.98

-39.56%

Beef Round Steak (1kg)

$10.58 PAB 10.58

$14.55 CA$20.57

-27.29%

Apples (1kg)

$4.18 PAB 4.18

$3.66 CA$5.18

14.21%

Banana (1kg)

$1.83 PAB 1.83

$1.27 CA$1.80

44.09%

Oranges (1kg)

$4.20 PAB 4.20

$3.68 CA$5.20

14.13%

Tomato (1kg)

$4.03 PAB 4.03

$3.80 CA$5.37

6.05%

Potato (1kg)

$3.48 PAB 3.48

$2.41 CA$3.41

44.40%

Onion (1kg)

$4.22 PAB 4.22

$2.22 CA$3.14

90.09%

Lettuce (1 head)

$2.41 PAB 2.41

$2.47 CA$3.49

-2.43%

Water (1.5 liter bottle)

$1.69 PAB 1.69

$1.62 CA$2.30

4.32%

Cigarettes 20 Pack (Marlboro, Camel)

$6.14 PAB 6.14

$14.26 CA$20.16

-56.94%

Wine (Bottle)

$11.30 PAB 11.30

$12.67 CA$17.91

-10.81%

Local Beer (0.5 liter bottle)

$1.42 PAB 1.42

$2.25 CA$3.19

-36.89%

Imported Beer (0.33 liter bottle)

$2.73 PAB 2.73

$2.99 CA$4.22

-8.70%

One-way Ticket (Public Transport)

$0.33 PAB 0.33

$2.53 CA$3.58

-86.96%

Public Transport Monthly Pass (Regular Price)

$21.23 PAB 21.23

$52.4 CA$74.1

-59.47%

Taxi Start (Normal Tariff)

$2.52 PAB 2.52

$2.60 CA$3.68

-3.08%

Taxi (Normal Tariff) (1km)

$1.86 PAB 1.86

$1.35 CA$1.91

37.78%

Taxi 1hour Waiting (Normal Tariff)

$21.78 PAB 21.78

$20.65 CA$29.20

5.47%

Gasoline (1 liter)

$1.25 PAB 1.25

$0.99 CA$1.40

26.26%

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

$21.2K PAB 21.2K

$24.9K CA$35.3K

-14.86%

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

$21.0K PAB 21.0K

$18.9K CA$26.7K

11.39%

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

$130 PAB 130

$135 CA$191

-3.79%

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

$28.13 PAB 28.13

$33.66 CA$47.59

-16.43%

Internet (50+ Mbps, Unlimited Data)

$48.21 PAB 48.21

$54.3 CA$76.7

-11.15%

Gym Membership (Monthly)

$45.78 PAB 45.78

$40.10 CA$56.7

14.16%

Tennis Court (1 Hour on Weekend)

$34.92 PAB 34.92

$17.19 CA$24.30

103.14%

Cinema Ticket

$8.67 PAB 8.67

$10.68 CA$15.10

-18.82%

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

$544 PAB 544

$663 CA$937

-17.92%

International Primary School, 1 Child (Yearly)

$9,697 PAB 9,697

$11.3K CA$16.0K

-14.43%

Jeans (Levis 501 Or Similar)

$66.8 PAB 66.8

$53.2 CA$75.2

25.54%

Summer Dress (H&M, Zara, etc)

$49.14 PAB 49.14

$38.65 CA$54.6

27.14%

Sport Shoes (Adidas, Nike)

$93.9 PAB 93.9

$76.3 CA$108

22.97%

Men's Leather Business Shoes

$112 PAB 112

$93.0 CA$131

19.93%

1-bedroom Apartment, City Center (Monthly)

$1,257 PAB 1,257

$1,425 CA$2,015

-11.79%

1-bedroom Apartment, Outside City Center (Monthly)

$875 PAB 875

$1,277 CA$1,805

-31.48%

3-bedroom Apartment, City Center (Monthly)

$2,155 PAB 2,155

$1,867 CA$2,639

15.44%

3-bedroom Apartment, Outside City Center (Monthly)

$1,564 PAB 1,564

$1,526 CA$2,157

2.47%

Buy Apartment in City Center (m2)

$3,122 PAB 3,122

$4,630 CA$6,546

-32.57%

Buy Apartment Outside City Center (m2)

$1,709 PAB 1,709

$3,526 CA$4,984

-51.52%

Average Monthly Net Salary (After Tax)

$916 PAB 916

20-Year Fixed Mortgage Interest Rate (Annual %)

6.39

4.66

37.12%

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

Last update for Panama City: October 10, 2026

Last update for Nakusp: October 10, 2026

Monthly budget structure

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

Accommodation & Living

Panama City

$875 47.2%

Nakusp

$1.3K 54.6% 46% $402

Groceries & Markets

Panama City

$325 17.5%

Nakusp

$344 14.7% 5.8% $19

Eating Out

Panama City

$207 11.1%

Nakusp

$242 10.4% 17% $35

Monthly Utilities & Internet

Panama City

$206 11.1%

Nakusp

$223 9.5% 8.1% $17

Clothing & Footwear

Panama City

$145 7.8%

Nakusp

$118 5% 18.7% $27

Sport & Entertainment

Panama City

$63 3.4%

Nakusp

$61 2.6% 2.6% $1.6

Getting Around

Panama City

$34 1.9%

Nakusp

$72 3.1% 109% $37

Cost Breakdown

A central one-bedroom costs $1,257 in Panama City versus $1,425 in Nakusp. 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 $74.0 in Nakusp. Monthly groceries follow the same trend: $325 vs $344 – making Panama City the more affordable choice for daily food spending.

Good to know

🇵🇦 Panama City

🇨🇦 Nakusp

🕒 Local time

15:23 3:23 PM

13:23 1:23 PM

2 h behind Panama City

🌤 Weather

👥 Population

1,086,990 Capital

1,706

💱 Currency

Panamanian Balboa PAB B/.

Canadian Dollar CAD $

📈 Exchange rate

1 PAB = 1 USD

1 PAB = 0.89 EUR

1 CAD = 0.707 USD

1 CAD = 0.629 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 19, 2026: 1 USD = 1 PAB (1 PAB = 1 USD). 1 EUR = 1.12 PAB (1 PAB = 0.89 EUR).

Canadian Dollar exchange rates as of October 19, 2026: 1 USD = 1.41 CAD (1 CAD = 0.707 USD). 1 EUR = 1.59 CAD (1 CAD = 0.629 EUR).

USD to PAB in detail →

On the map

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Between locations

Panama City Nakusp 5,780 km ≈ 8 h nonstop flight

From you

Panama City
Nakusp

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 Nakusp: Cost of Living - Frequently Asked Questions

Nakusp costs about 26% more than Panama City, and outside of rent the gap comes mainly from transport. That's enough to noticeably affect everyday spending and lifestyle for anyone choosing between the two.

For a comfortable life, plan on about $2,783 per month in Panama City and $3,505 in Nakusp. 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.

A mid-range dinner for two costs $48.00 in Panama City and $74.0 in Nakusp. That's a good indicator of the overall restaurant and café pricing gap between the two cities.

Monthly expenses with rent come to $1,855 in Panama City and $2,337 in Nakusp. That's a gap of about 26%.

A $2,500 monthly budget goes further in Panama City, where all-in costs run around $1,855, than in Nakusp at $2,337. In Panama City it covers expenses comfortably, while in Nakusp it requires careful planning or may not stretch far enough.

For digital nomads, it depends on budget. Panama City costs $1,855 versus $2,337 in Nakusp. 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, Nakusp makes more sense. Both are solid long-term options with distinct trade-offs.