Last update: Oct 2026

Cost of Living Comparison Between Panama City and West Kelowna

For one person, living is cheaper in Panama City: $1,855 a month against $2,493 in West Kelowna, rent and utilities included – about $7,700 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
122

Cost of Living Index in West Kelowna
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West Kelowna Living Index

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Panama City

🇵🇦 Panama

$1,855

/mo nomad

West Kelowna

🇨🇦 Canada

$2,493

/mo nomad

Monthly Cost of Living

How much you'll spend in Panama City and in West Kelowna

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

A single person spends $1,855 per month in Panama City vs $2,493 in West Kelowna, rent included.

Panama City $1,855
West Kelowna $2,493

A couple spends around $2,804 per month in Panama City vs $3,563 in West Kelowna, rent included.

Panama City $2,804
West Kelowna $3,563

A family of three spends $3,753 per month in Panama City vs $4,633 in West Kelowna, rent included.

Panama City $3,753
West Kelowna $4,633

Panama City is about 26% cheaper than West Kelowna, and outside of rent the biggest gap is in groceries.

Both Panama City and West Kelowna sit above the global median – Panama City by 37%, West Kelowna by 85%.

Meal at Budget Restaurant

$11.63 PAB 11.63

$16.71 CA$23.62

-30.40%

Three-Course Dinner for Two, Mid-Range

$47.92 PAB 47.92

$57.1 CA$80.7

-16.09%

Fast Food Meal (McDonalds, etc)

$7.96 PAB 7.96

$10.38 CA$14.68

-23.31%

Cappuccino

$4.22 PAB 4.22

$3.98 CA$5.62

6.03%

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

$2.01 PAB 2.01

$2.00 CA$2.83

0.50%

Water (0.33 liter bottle)

$1.56 PAB 1.56

$1.71 CA$2.41

-8.77%

Local Beer (0.5 liter draught)

$3.39 PAB 3.39

$4.47 CA$6.31

-24.16%

Imported Beer (0.33 liter bottle)

$3.94 PAB 3.94

$5.65 CA$7.98

-30.27%

Milk (1 liter)

$1.85 PAB 1.85

$1.94 CA$2.74

-4.64%

White Bread (500g)

$2.56 PAB 2.56

$2.86 CA$4.04

-10.49%

Rice (white) (1kg)

$3.48 PAB 3.48

$4.48 CA$6.33

-22.32%

Eggs

$2.69 PAB 2.69

$3.20 CA$4.53

-15.94%

Local Cheese (1kg)

$12.57 PAB 12.57

$12.51 CA$17.68

0.48%

Chicken Fillets (1kg)

$6.83 PAB 6.83

$17.99 CA$25.43

-62.03%

Beef Round Steak (1kg)

$10.58 PAB 10.58

$20.53 CA$29.03

-48.47%

Apples (1kg)

$4.18 PAB 4.18

$4.80 CA$6.79

-12.92%

Banana (1kg)

$1.83 PAB 1.83

$1.47 CA$2.07

24.49%

Oranges (1kg)

$4.20 PAB 4.20

$4.92 CA$6.95

-14.63%

Tomato (1kg)

$4.03 PAB 4.03

$4.49 CA$6.35

-10.24%

Potato (1kg)

$3.48 PAB 3.48

$4.03 CA$5.70

-13.65%

Onion (1kg)

$4.22 PAB 4.22

$3.03 CA$4.29

39.27%

Lettuce (1 head)

$2.41 PAB 2.41

$2.54 CA$3.59

-5.12%

Water (1.5 liter bottle)

$1.69 PAB 1.69

$1.81 CA$2.55

-6.63%

Cigarettes 20 Pack (Marlboro, Camel)

$6.14 PAB 6.14

$10.30 CA$14.56

-40.39%

Wine (Bottle)

$11.30 PAB 11.30

$10.48 CA$14.81

7.82%

Local Beer (0.5 liter bottle)

$1.42 PAB 1.42

$2.59 CA$3.66

-45.17%

Imported Beer (0.33 liter bottle)

$2.73 PAB 2.73

$3.05 CA$4.32

-10.49%

One-way Ticket (Public Transport)

$0.33 PAB 0.33

$2.24 CA$3.17

-85.27%

Public Transport Monthly Pass (Regular Price)

$21.23 PAB 21.23

$60.9 CA$86.1

-65.15%

Taxi Start (Normal Tariff)

$2.52 PAB 2.52

$2.74 CA$3.87

-8.03%

Taxi (Normal Tariff) (1km)

$1.86 PAB 1.86

$1.41 CA$2.00

31.91%

Taxi 1hour Waiting (Normal Tariff)

$21.78 PAB 21.78

$24.48 CA$34.60

-11.03%

Gasoline (1 liter)

$1.25 PAB 1.25

$1.28 CA$1.81

-2.34%

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

$21.2K PAB 21.2K

$27.8K CA$39.4K

-23.72%

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

$21.0K PAB 21.0K

$18.4K CA$26.1K

14.00%

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

$130 PAB 130

$125 CA$177

3.52%

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

$28.13 PAB 28.13

$44.38 CA$62.8

-36.62%

Internet (50+ Mbps, Unlimited Data)

$48.21 PAB 48.21

$63.5 CA$89.7

-24.04%

Gym Membership (Monthly)

$45.78 PAB 45.78

$51.5 CA$72.7

-11.02%

Tennis Court (1 Hour on Weekend)

$34.92 PAB 34.92

$20.25 CA$28.63

72.44%

Cinema Ticket

$8.67 PAB 8.67

$11.39 CA$16.10

-23.88%

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

$544 PAB 544

$366 CA$518

48.52%

International Primary School, 1 Child (Yearly)

$9,697 PAB 9,697

$8,405 CA$11.9K

15.37%

Jeans (Levis 501 Or Similar)

$66.8 PAB 66.8

$47.58 CA$67.3

40.29%

Summer Dress (H&M, Zara, etc)

$49.14 PAB 49.14

$40.50 CA$57.3

21.33%

Sport Shoes (Adidas, Nike)

$93.9 PAB 93.9

$79.2 CA$112

18.47%

Men's Leather Business Shoes

$112 PAB 112

$97.9 CA$138

13.97%

1-bedroom Apartment, City Center (Monthly)

$1,257 PAB 1,257

$1,291 CA$1,825

-2.60%

1-bedroom Apartment, Outside City Center (Monthly)

$875 PAB 875

$1,293 CA$1,828

-32.32%

3-bedroom Apartment, City Center (Monthly)

$2,155 PAB 2,155

$2,115 CA$2,991

1.88%

3-bedroom Apartment, Outside City Center (Monthly)

$1,564 PAB 1,564

$1,939 CA$2,742

-19.37%

Buy Apartment in City Center (m2)

$3,122 PAB 3,122

$4,131 CA$5,840

-24.42%

Buy Apartment Outside City Center (m2)

$1,709 PAB 1,709

$3,597 CA$5,086

-52.48%

Average Monthly Net Salary (After Tax)

$916 PAB 916

$3,022 CA$4,272

-69.69%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.39

4.72

35.38%

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

Last update for Panama City: October 10, 2026

Last update for West Kelowna: October 11, 2026

Monthly budget structure

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

Accommodation & Living

Panama City

$875 47.2%

West Kelowna

$1.3K 51.9% 47.8% $418

Groceries & Markets

Panama City

$325 17.5%

West Kelowna

$433 17.4% 33.1% $108

Eating Out

Panama City

$207 11.1%

West Kelowna

$261 10.5% 26.3% $54

Monthly Utilities & Internet

Panama City

$206 11.1%

West Kelowna

$233 9.4% 13.1% $27

Clothing & Footwear

Panama City

$145 7.8%

West Kelowna

$119 4.8% 17.5% $25

Sport & Entertainment

Panama City

$63 3.4%

West Kelowna

$74 3% 17.6% $11

Getting Around

Panama City

$34 1.9%

West Kelowna

$80 3.2% 132% $45

Cost Breakdown

A central one-bedroom costs $1,257 in Panama City versus $1,291 in West Kelowna. 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 230% higher in West Kelowna, 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 $57.0 in West Kelowna. Monthly groceries follow the same trend: $325 vs $433 – making Panama City the more affordable choice for daily food spending.

Good to know

🇵🇦 Panama City

🇨🇦 West Kelowna

🕒 Local time

22:40 10:40 PM

20:40 8:40 PM

2 h behind Panama City

🌤 Weather

👥 Population

1,086,990 Capital

36,078

💱 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 18, 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 18, 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

Lowest

Highest

Between locations

Panama City West Kelowna 5,850 km ≈ 8 h nonstop flight

From you

Panama City
West Kelowna

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 West Kelowna: Cost of Living - Frequently Asked Questions

Yes – West Kelowna is pricier by about 34%, and outside of rent the gap shows up most in groceries.

For a comfortable life, plan on about $2,783 per month in Panama City and $3,739 in West Kelowna. 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 33% more in West Kelowna, 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 $57.0 in West Kelowna. 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 West Kelowna at $2,493. In Panama City it covers expenses comfortably, while in West Kelowna 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, West Kelowna makes more sense. Both are solid long-term options with distinct trade-offs.