Last update: Oct 2026

Cost of Living Comparison Between Panama City and Summerside, PE

For one person, living costs are similar in Panama City and in Summerside, PE: $1,855 and $1,773 a month, rent and utilities included.

90

Cost of Living Index in Panama City
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Panama City Living Index
87

Cost of Living Index in Summerside, PE
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Summerside, PE Living Index

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Panama City

🇵🇦 Panama

$1,855

/mo nomad

Summerside, PE

🇨🇦 Canada

$1,773

/mo nomad

Monthly Cost of Living

How much you'll spend in Panama City and in Summerside, PE

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

A single person spends $1,855 per month in Panama City vs $1,773 in Summerside, PE, rent included.

Panama City $1,855
Summerside, PE $1,773

A couple spends around $2,804 per month in Panama City vs $2,575 in Summerside, PE, rent included.

Panama City $2,804
Summerside, PE $2,575

A family of three spends $3,753 per month in Panama City vs $3,377 in Summerside, PE, rent included.

Panama City $3,753
Summerside, PE $3,377

Panama City costs about 5% more than Summerside, PE, and outside of rent the biggest gap is in eating out.

Both Panama City and Summerside, PE sit above the global median – Panama City by 37%, Summerside, PE by 31%.

Meal at Budget Restaurant

$11.63 PAB 11.63

$21.01 CA$29.86

-44.65%

Three-Course Dinner for Two, Mid-Range

$47.92 PAB 47.92

$53.8 CA$76.4

-10.86%

Fast Food Meal (McDonalds, etc)

$7.96 PAB 7.96

$10.22 CA$14.52

-22.11%

Cappuccino

$4.22 PAB 4.22

$3.61 CA$5.13

16.90%

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

$2.01 PAB 2.01

$1.61 CA$2.29

24.84%

Water (0.33 liter bottle)

$1.56 PAB 1.56

$2.07 CA$2.94

-24.64%

Local Beer (0.5 liter draught)

$3.39 PAB 3.39

$4.91 CA$6.98

-30.96%

Imported Beer (0.33 liter bottle)

$3.94 PAB 3.94

$4.59 CA$6.52

-14.16%

Milk (1 liter)

$1.85 PAB 1.85

$1.67 CA$2.37

10.78%

White Bread (500g)

$2.56 PAB 2.56

$2.72 CA$3.87

-5.88%

Rice (white) (1kg)

$3.48 PAB 3.48

$2.56 CA$3.63

35.94%

Eggs

$2.69 PAB 2.69

$3.80 CA$5.40

-29.21%

Local Cheese (1kg)

$12.57 PAB 12.57

$9.21 CA$13.09

36.48%

Chicken Fillets (1kg)

$6.83 PAB 6.83

$8.72 CA$12.39

-21.67%

Beef Round Steak (1kg)

$10.58 PAB 10.58

$9.25 CA$13.14

14.38%

Apples (1kg)

$4.18 PAB 4.18

$4.56 CA$6.47

-8.33%

Banana (1kg)

$1.83 PAB 1.83

$1.50 CA$2.13

22.00%

Oranges (1kg)

$4.20 PAB 4.20

$3.46 CA$4.91

21.39%

Tomato (1kg)

$4.03 PAB 4.03

$3.74 CA$5.32

7.75%

Potato (1kg)

$3.48 PAB 3.48

$2.55 CA$3.62

36.47%

Onion (1kg)

$4.22 PAB 4.22

$1.56 CA$2.21

170.51%

Lettuce (1 head)

$2.41 PAB 2.41

$2.13 CA$3.02

13.15%

Water (1.5 liter bottle)

$1.69 PAB 1.69

$1.63 CA$2.31

3.68%

Cigarettes 20 Pack (Marlboro, Camel)

$6.14 PAB 6.14

$11.08 CA$15.75

-44.58%

Wine (Bottle)

$11.30 PAB 11.30

$11.91 CA$16.93

-5.12%

Local Beer (0.5 liter bottle)

$1.42 PAB 1.42

$4.16 CA$5.91

-65.87%

Imported Beer (0.33 liter bottle)

$2.73 PAB 2.73

$3.58 CA$5.09

-23.74%

One-way Ticket (Public Transport)

$0.33 PAB 0.33

$1.38 CA$1.97

-76.09%

Public Transport Monthly Pass (Regular Price)

$21.23 PAB 21.23

$45.19 CA$64.2

-53.02%

Taxi Start (Normal Tariff)

$2.52 PAB 2.52

$2.86 CA$4.06

-11.89%

Taxi (Normal Tariff) (1km)

$1.86 PAB 1.86

$1.36 CA$1.93

36.76%

Taxi 1hour Waiting (Normal Tariff)

$21.78 PAB 21.78

$21.19 CA$30.11

2.78%

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)

$21.2K PAB 21.2K

$26.0K CA$36.9K

-18.18%

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

$21.0K PAB 21.0K

$18.8K CA$26.8K

11.62%

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

$130 PAB 130

$115 CA$163

13.16%

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

$28.13 PAB 28.13

$66.0 CA$93.8

-57.39%

Internet (50+ Mbps, Unlimited Data)

$48.21 PAB 48.21

$69.3 CA$98.4

-30.39%

Gym Membership (Monthly)

$45.78 PAB 45.78

$30.81 CA$43.80

48.59%

Tennis Court (1 Hour on Weekend)

$34.92 PAB 34.92

$10.67 CA$15.17

227.27%

Cinema Ticket

$8.67 PAB 8.67

$10.09 CA$14.34

-14.07%

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

$544 PAB 544

$582 CA$828

-6.53%

International Primary School, 1 Child (Yearly)

$9,697 PAB 9,697

$1,652 CA$2,347

487.17%

Jeans (Levis 501 Or Similar)

$66.8 PAB 66.8

$49.67 CA$70.6

34.39%

Summer Dress (H&M, Zara, etc)

$49.14 PAB 49.14

$24.57 CA$34.92

100.00%

Sport Shoes (Adidas, Nike)

$93.9 PAB 93.9

$66.4 CA$94.4

41.38%

Men's Leather Business Shoes

$112 PAB 112

$65.2 CA$92.7

70.98%

1-bedroom Apartment, City Center (Monthly)

$1,257 PAB 1,257

$926 CA$1,316

35.78%

1-bedroom Apartment, Outside City Center (Monthly)

$875 PAB 875

$705 CA$1,002

24.04%

3-bedroom Apartment, City Center (Monthly)

$2,155 PAB 2,155

$1,653 CA$2,350

30.37%

3-bedroom Apartment, Outside City Center (Monthly)

$1,564 PAB 1,564

$1,030 CA$1,463

51.89%

Buy Apartment in City Center (m2)

$3,122 PAB 3,122

Buy Apartment Outside City Center (m2)

$1,709 PAB 1,709

$1,114 CA$1,584

53.41%

Average Monthly Net Salary (After Tax)

$916 PAB 916

$2,354 CA$3,346

-61.09%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.39

4.77

33.96%

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

Last update for Panama City: October 10, 2026

Last update for Summerside, PE: October 10, 2026

Monthly budget structure

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

Accommodation & Living

Panama City

$875 47.2%

Summerside, PE

$705 39.8% 19.4% $170

Groceries & Markets

Panama City

$325 17.5%

Summerside, PE

$323 18.2% 0.6% $2

Eating Out

Panama City

$207 11.1%

Summerside, PE

$291 16.4% 40.6% $84

Monthly Utilities & Internet

Panama City

$206 11.1%

Summerside, PE

$250 14.1% 21.3% $44

Clothing & Footwear

Panama City

$145 7.8%

Summerside, PE

$93 5.2% 35.9% $52

Sport & Entertainment

Panama City

$63 3.4%

Summerside, PE

$51 2.9% 19.2% $12

Getting Around

Panama City

$34 1.9%

Summerside, PE

$60 3.4% 75.5% $26

Cost Breakdown

A central one-bedroom costs $1,257 in Panama City versus $926 in Summerside, PE. 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 157% higher in Summerside, PE, which reinforces the cost advantage – you earn more and spend less. Purchasing power leans clearly in its favor.

A mid-range dinner for two costs $48.00 in Panama City versus $54.0 in Summerside, PE. Groceries tell a different story – $325 in Panama City vs $323 in Summerside, PE – so Summerside, PE wins on supermarket bills even if dining out costs more.

Good to know

🇵🇦 Panama City

🇨🇦 Summerside, PE

🕒 Local time

22:18 10:18 PM

00:18 12:18 AM

2 h ahead of Panama City

🌤 Weather

👥 Population

1,086,990 Capital

16,001

💱 Currency

Panamanian Balboa PAB B/.

Canadian Dollar CAD $

📈 Exchange rate

1 PAB = 1 USD

1 PAB = 0.893 EUR

1 CAD = 0.704 USD

1 CAD = 0.628 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 15, 2026: 1 USD = 1 PAB (1 PAB = 1 USD). 1 EUR = 1.12 PAB (1 PAB = 0.893 EUR).

Canadian Dollar exchange rates as of October 15, 2026: 1 USD = 1.42 CAD (1 CAD = 0.704 USD). 1 EUR = 1.59 CAD (1 CAD = 0.628 EUR).

USD to PAB in detail →

On the map

Lowest

Highest

Between locations

Panama City Summerside, PE 4,420 km ≈ 6 h nonstop flight

From you

Panama City
Summerside, PE

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 Summerside, PE: Cost of Living - Frequently Asked Questions

Yes – Panama City is pricier by about 5%, 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 $2,660 in Summerside, PE. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Summerside, PE, especially for central apartments. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

Groceries cost about 1% more in Panama City, 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 $54.0 in Summerside, PE. That's a good indicator of the overall restaurant and café pricing gap between the two cities.

A $2,000 monthly budget goes further in Summerside, PE, where all-in costs run around $1,773, than in Panama City at $1,855. In Summerside, PE it covers expenses comfortably, while in Panama City it requires careful planning or may not stretch far enough.

Families tend to lean toward Summerside, PE – 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 Summerside, PE. If higher salaries, better infrastructure, or specific career opportunities are the priority, Panama City makes more sense. Both are solid long-term options with distinct trade-offs.