Last update: Oct 2026

Cost of Living Comparison Between Panama City and Saint Andrews

For one person, living is cheaper in Panama City: $1,837 a month against $2,255 in Saint Andrews, rent and utilities included – about $5,000 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
109

Cost of Living Index in Saint Andrews
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Saint Andrews Living Index

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Panama City

🇵🇦 Panama

$1,837

/mo nomad

Saint Andrews

🇨🇦 Canada

$2,255

/mo nomad

Monthly Cost of Living

How much you'll spend in Panama City and in Saint Andrews

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

A single person spends $1,837 per month in Panama City vs $2,255 in Saint Andrews, rent included.

Panama City $1,837
Saint Andrews $2,255

A couple spends around $2,825 per month in Panama City vs $3,245 in Saint Andrews, rent included.

Panama City $2,825
Saint Andrews $3,245

A family of three spends $3,812 per month in Panama City vs $4,234 in Saint Andrews, rent included.

Panama City $3,812
Saint Andrews $4,234

Panama City is about 19% cheaper than Saint Andrews, and outside of rent the biggest gap is in eating out.

Both Panama City and Saint Andrews sit above the global median – Panama City by 37%, Saint Andrews by 68%.

Meal at Budget Restaurant

$11.34 PAB 11.34

$17.75 CA$25.30

-36.11%

Three-Course Dinner for Two, Mid-Range

$47.85 PAB 47.85

$63.8 CA$91.0

-25.01%

Fast Food Meal (McDonalds, etc)

$8.07 PAB 8.07

$10.59 CA$15.10

-23.80%

Cappuccino

$4.02 PAB 4.02

$3.72 CA$5.30

8.06%

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

$1.94 PAB 1.94

$1.99 CA$2.83

-2.51%

Water (0.33 liter bottle)

$1.62 PAB 1.62

$1.58 CA$2.25

2.53%

Local Beer (0.5 liter draught)

$3.26 PAB 3.26

$5.17 CA$7.38

-36.94%

Imported Beer (0.33 liter bottle)

$3.99 PAB 3.99

$5.77 CA$8.22

-30.85%

Milk (1 liter)

$1.83 PAB 1.83

$2.04 CA$2.91

-10.29%

White Bread (500g)

$2.57 PAB 2.57

$2.46 CA$3.51

4.47%

Rice (white) (1kg)

$3.33 PAB 3.33

$3.36 CA$4.79

-0.89%

Eggs

$2.69 PAB 2.69

$3.47 CA$4.94

-22.48%

Local Cheese (1kg)

$12.33 PAB 12.33

$9.72 CA$13.86

26.85%

Chicken Fillets (1kg)

$6.69 PAB 6.69

$11.12 CA$15.85

-39.84%

Beef Round Steak (1kg)

$10.40 PAB 10.40

$14.72 CA$20.98

-29.35%

Apples (1kg)

$4.16 PAB 4.16

$3.66 CA$5.22

13.66%

Banana (1kg)

$1.84 PAB 1.84

$1.36 CA$1.93

35.29%

Oranges (1kg)

$4.18 PAB 4.18

$3.70 CA$5.28

12.97%

Tomato (1kg)

$4.08 PAB 4.08

$3.73 CA$5.31

9.38%

Potato (1kg)

$3.50 PAB 3.50

$2.59 CA$3.70

35.14%

Onion (1kg)

$4.37 PAB 4.37

$2.25 CA$3.21

94.22%

Lettuce (1 head)

$2.34 PAB 2.34

$2.53 CA$3.61

-7.51%

Water (1.5 liter bottle)

$1.75 PAB 1.75

$1.57 CA$2.24

11.46%

Cigarettes 20 Pack (Marlboro, Camel)

$6.06 PAB 6.06

$13.96 CA$19.90

-56.59%

Wine (Bottle)

$11.72 PAB 11.72

$12.42 CA$17.70

-5.64%

Local Beer (0.5 liter bottle)

$1.37 PAB 1.37

$2.73 CA$3.89

-49.82%

Imported Beer (0.33 liter bottle)

$2.84 PAB 2.84

$3.13 CA$4.46

-9.27%

One-way Ticket (Public Transport)

$0.36 PAB 0.36

$2.31 CA$3.29

-84.42%

Public Transport Monthly Pass (Regular Price)

$20.96 PAB 20.96

$63.1 CA$90.0

-66.78%

Taxi Start (Normal Tariff)

$2.52 PAB 2.52

$2.82 CA$4.02

-10.64%

Taxi (Normal Tariff) (1km)

$1.79 PAB 1.79

$1.49 CA$2.12

20.13%

Taxi 1hour Waiting (Normal Tariff)

$22.01 PAB 22.01

$23.25 CA$33.14

-5.33%

Gasoline (1 liter)

$1.25 PAB 1.25

$1.11 CA$1.59

12.61%

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

$21.5K PAB 21.5K

$28.2K CA$40.1K

-23.53%

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

$21.2K PAB 21.2K

$18.9K CA$26.9K

12.09%

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

$131 PAB 131

$138 CA$197

-4.95%

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

$27.68 PAB 27.68

$38.11 CA$54.3

-27.37%

Internet (50+ Mbps, Unlimited Data)

$48.59 PAB 48.59

$55.0 CA$78.4

-11.62%

Gym Membership (Monthly)

$46.11 PAB 46.11

$40.69 CA$58.0

13.32%

Tennis Court (1 Hour on Weekend)

$35.01 PAB 35.01

$18.31 CA$26.10

91.21%

Cinema Ticket

$8.73 PAB 8.73

$10.95 CA$15.61

-20.27%

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

$551 PAB 551

$724 CA$1,033

-23.99%

International Primary School, 1 Child (Yearly)

$9,560 PAB 9,560

$13.3K CA$18.9K

-28.05%

Jeans (Levis 501 Or Similar)

$67.6 PAB 67.6

$54.2 CA$77.2

24.81%

Summer Dress (H&M, Zara, etc)

$48.03 PAB 48.03

$37.35 CA$53.2

28.59%

Sport Shoes (Adidas, Nike)

$94.9 PAB 94.9

$84.5 CA$120

12.32%

Men's Leather Business Shoes

$113 PAB 113

$99.9 CA$142

13.06%

1-bedroom Apartment, City Center (Monthly)

$1,238 PAB 1,238

$1,239 CA$1,766

-0.08%

1-bedroom Apartment, Outside City Center (Monthly)

$873 PAB 873

$1,151 CA$1,640

-24.12%

3-bedroom Apartment, City Center (Monthly)

$2,197 PAB 2,197

$1,984 CA$2,829

10.71%

3-bedroom Apartment, Outside City Center (Monthly)

$1,538 PAB 1,538

$1,678 CA$2,392

-8.33%

Buy Apartment in City Center (m2)

$3,116 PAB 3,116

$4,169 CA$5,942

-25.26%

Buy Apartment Outside City Center (m2)

$1,725 PAB 1,725

$3,576 CA$5,097

-51.76%

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 Saint Andrews: October 5, 2026

Monthly budget structure

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

Accommodation & Living

Panama City

$873 47.2%

Saint Andrews

$1.2K 50.7% 31.8% $278

Groceries & Markets

Panama City

$324 17.5%

Saint Andrews

$347 15.3% 7.1% $23

Monthly Utilities & Internet

Panama City

$207 11.2%

Saint Andrews

$231 10.2% 11.4% $24

Eating Out

Panama City

$202 10.9%

Saint Andrews

$270 11.9% 33.9% $68

Clothing & Footwear

Panama City

$146 7.9%

Saint Andrews

$124 5.5% 14.7% $21

Sport & Entertainment

Panama City

$64 3.4%

Saint Andrews

$63 2.8% 1.5% $1

Getting Around

Panama City

$34 1.8%

Saint Andrews

$83 3.6% 144% $49

Cost Breakdown

A central one-bedroom costs $1,238 in Panama City versus $1,239 in Saint Andrews. 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 $64.0 in Saint Andrews. Monthly groceries follow the same trend: $324 vs $347 – making Panama City the more affordable choice for daily food spending.

Good to know

🇵🇦 Panama City

🇨🇦 Saint Andrews

🕒 Local time

09:21 9:21 AM

11:21 11:21 AM

2 h ahead of Panama City

🌤 Weather

👥 Population

1,086,990 Capital

💱 Currency

Panamanian Balboa PAB B/.

Canadian Dollar CAD $

📈 Exchange rate

1 PAB = 1 USD

1 PAB = 0.892 EUR

1 CAD = 0.702 USD

1 CAD = 0.626 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 = 1.43 CAD (1 CAD = 0.702 USD). 1 EUR = 1.6 CAD (1 CAD = 0.626 EUR).

USD to PAB in detail →

On the map

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Between locations

Panama City Saint Andrews 4,190 km ≈ 6 h nonstop flight

From you

Panama City
Saint Andrews

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 Saint Andrews: Cost of Living - Frequently Asked Questions

Yes – Saint Andrews is pricier by about 23%, and outside of rent the gap shows up most in eating out.

For a comfortable life, plan on about $2,756 per month in Panama City and $3,383 in Saint Andrews. 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 7% more in Saint Andrews, 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 $64.0 in Saint Andrews. 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 $1,837, than in Saint Andrews at $2,255. In Panama City it covers expenses comfortably, while in Saint Andrews 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, Saint Andrews makes more sense. Both are solid long-term options with distinct trade-offs.