Last update: Oct 2026

Cost of Living Comparison Between Panama City and Prince George

For one person, living is cheaper in Panama City: $1,855 a month against $2,068 in Prince George, rent and utilities included – about $2,600 less a year. Other living expenses account for most of the difference.

90

Cost of Living Index in Panama City
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Panama City Living Index
100

Cost of Living Index in Prince George
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Prince George Living Index

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Panama City

🇵🇦 Panama

$1,855

/mo nomad

Prince George

🇨🇦 Canada

$2,068

/mo nomad

Monthly Cost of Living

How much you'll spend in Panama City and in Prince George

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

A single person spends $1,855 per month in Panama City vs $2,068 in Prince George, rent included.

Panama City $1,855
Prince George $2,068

A couple spends around $2,804 per month in Panama City vs $3,230 in Prince George, rent included.

Panama City $2,804
Prince George $3,230

A family of three spends $3,753 per month in Panama City vs $4,391 in Prince George, rent included.

Panama City $3,753
Prince George $4,391

Panama City is about 10% cheaper than Prince George, and outside of rent the biggest gap is in eating out.

Both Panama City and Prince George sit above the global median – Panama City by 37%, Prince George by 53%.

Meal at Budget Restaurant

$11.63 PAB 11.63

$17.19 CA$24.31

-32.34%

Three-Course Dinner for Two, Mid-Range

$47.92 PAB 47.92

$70.2 CA$99.3

-31.77%

Fast Food Meal (McDonalds, etc)

$7.96 PAB 7.96

$8.38 CA$11.85

-5.01%

Cappuccino

$4.22 PAB 4.22

$3.81 CA$5.39

10.76%

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

$2.01 PAB 2.01

$2.08 CA$2.94

-3.37%

Water (0.33 liter bottle)

$1.56 PAB 1.56

$2.34 CA$3.30

-33.33%

Local Beer (0.5 liter draught)

$3.39 PAB 3.39

$5.56 CA$7.86

-39.03%

Imported Beer (0.33 liter bottle)

$3.94 PAB 3.94

$7.19 CA$10.17

-45.20%

Milk (1 liter)

$1.85 PAB 1.85

$1.86 CA$2.63

-0.54%

White Bread (500g)

$2.56 PAB 2.56

$2.49 CA$3.51

2.81%

Rice (white) (1kg)

$3.48 PAB 3.48

$4.50 CA$6.37

-22.67%

Eggs

$2.69 PAB 2.69

$4.10 CA$5.80

-34.39%

Local Cheese (1kg)

$12.57 PAB 12.57

$6.28 CA$8.87

100.16%

Chicken Fillets (1kg)

$6.83 PAB 6.83

$13.90 CA$19.66

-50.86%

Beef Round Steak (1kg)

$10.58 PAB 10.58

$13.80 CA$19.51

-23.33%

Apples (1kg)

$4.18 PAB 4.18

$4.02 CA$5.69

3.98%

Banana (1kg)

$1.83 PAB 1.83

$2.77 CA$3.92

-33.94%

Oranges (1kg)

$4.20 PAB 4.20

$5.19 CA$7.34

-19.08%

Tomato (1kg)

$4.03 PAB 4.03

$3.76 CA$5.32

7.18%

Potato (1kg)

$3.48 PAB 3.48

$2.83 CA$4.01

22.97%

Onion (1kg)

$4.22 PAB 4.22

$2.26 CA$3.19

86.73%

Lettuce (1 head)

$2.41 PAB 2.41

$2.96 CA$4.19

-18.58%

Water (1.5 liter bottle)

$1.69 PAB 1.69

$2.07 CA$2.93

-18.36%

Cigarettes 20 Pack (Marlboro, Camel)

$6.14 PAB 6.14

$14.79 CA$20.91

-58.49%

Wine (Bottle)

$11.30 PAB 11.30

$10.38 CA$14.68

8.86%

Local Beer (0.5 liter bottle)

$1.42 PAB 1.42

$5.34 CA$7.55

-73.41%

Imported Beer (0.33 liter bottle)

$2.73 PAB 2.73

One-way Ticket (Public Transport)

$0.33 PAB 0.33

$1.76 CA$2.49

-81.25%

Public Transport Monthly Pass (Regular Price)

$21.23 PAB 21.23

$41.79 CA$59.1

-49.20%

Taxi Start (Normal Tariff)

$2.52 PAB 2.52

$2.95 CA$4.17

-14.58%

Taxi (Normal Tariff) (1km)

$1.86 PAB 1.86

$1.70 CA$2.40

9.41%

Taxi 1hour Waiting (Normal Tariff)

$21.78 PAB 21.78

$32.29 CA$45.65

-32.55%

Gasoline (1 liter)

$1.25 PAB 1.25

$1.32 CA$1.86

-5.30%

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

$21.2K PAB 21.2K

$28.1K CA$39.7K

-24.45%

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

$21.0K PAB 21.0K

$19.1K CA$27.1K

9.84%

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

$130 PAB 130

$171 CA$242

-24.23%

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

$28.13 PAB 28.13

$40.80 CA$57.7

-31.05%

Internet (50+ Mbps, Unlimited Data)

$48.21 PAB 48.21

$60.7 CA$85.7

-20.51%

Gym Membership (Monthly)

$45.78 PAB 45.78

$42.40 CA$59.9

7.97%

Tennis Court (1 Hour on Weekend)

$34.92 PAB 34.92

$17.48 CA$24.71

99.77%

Cinema Ticket

$8.67 PAB 8.67

$8.93 CA$12.63

-2.91%

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

$544 PAB 544

$406 CA$574

33.98%

International Primary School, 1 Child (Yearly)

$9,697 PAB 9,697

Jeans (Levis 501 Or Similar)

$66.8 PAB 66.8

$59.9 CA$84.7

11.38%

Summer Dress (H&M, Zara, etc)

$49.14 PAB 49.14

$38.03 CA$53.8

29.21%

Sport Shoes (Adidas, Nike)

$93.9 PAB 93.9

$92.7 CA$131

1.26%

Men's Leather Business Shoes

$112 PAB 112

$149 CA$211

-25.36%

1-bedroom Apartment, City Center (Monthly)

$1,257 PAB 1,257

$961 CA$1,359

30.80%

1-bedroom Apartment, Outside City Center (Monthly)

$875 PAB 875

$872 CA$1,233

0.30%

3-bedroom Apartment, City Center (Monthly)

$2,155 PAB 2,155

$1,820 CA$2,573

18.39%

3-bedroom Apartment, Outside City Center (Monthly)

$1,564 PAB 1,564

$1,719 CA$2,430

-9.04%

Buy Apartment in City Center (m2)

$3,122 PAB 3,122

Buy Apartment Outside City Center (m2)

$1,709 PAB 1,709

Average Monthly Net Salary (After Tax)

$916 PAB 916

$3,044 CA$4,303

-69.91%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.39

4.96

28.83%

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

Last update for Panama City: October 10, 2026

Last update for Prince George: October 13, 2026

Monthly budget structure

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

Accommodation & Living

Panama City

$875 47.2%

Prince George

$872 42.2% 0.3% $2.6

Groceries & Markets

Panama City

$325 17.5%

Prince George

$381 * 18.4% 17.2% $56

Eating Out

Panama City

$207 11.1%

Prince George

$268 13% 29.8% $62

Monthly Utilities & Internet

Panama City

$206 11.1%

Prince George

$273 13.2% 32.3% $67

Clothing & Footwear

Panama City

$145 7.8%

Prince George

$153 7.4% 5.9% $8.5

Sport & Entertainment

Panama City

$63 3.4%

Prince George

$60 2.9% 4.5% $2.8

Getting Around

Panama City

$34 1.9%

Prince George

$60 2.9% 75.2% $26

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

Cost Breakdown

A central one-bedroom costs $1,257 in Panama City versus $961 in Prince George. 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 232% higher in Prince George, 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 $48.00 in Panama City versus $70.0 in Prince George. Monthly groceries follow the same trend: $325 vs $381 – making Panama City the more affordable choice for daily food spending.

Good to know

🇵🇦 Panama City

🇨🇦 Prince George

🕒 Local time

16:24 4:24 PM

14:24 2:24 PM

2 h behind Panama City

🌤 Weather

👥 Population

1,086,990 Capital

71,974

💱 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 Prince George 6,300 km ≈ 8 h nonstop flight

From you

Panama City
Prince George

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 Prince George: Cost of Living - Frequently Asked Questions

Yes – Prince George is pricier by about 11%, and outside of rent the gap shows up most in eating out.

For a comfortable life, plan on about $2,783 per month in Panama City and $3,102 in Prince George. 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 17% more in Prince George, 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 $48.00 in Panama City and $70.0 in Prince George. 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 $1,855, than in Prince George at $2,068. In Panama City it covers expenses comfortably, while in Prince George 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, Prince George makes more sense. Both are solid long-term options with distinct trade-offs.