Last update: Nov 2026

Cost of Living Comparison Between Panama and Calgary

For one person, living is cheaper in Panama: $1,643 a month against $2,297 in Calgary, rent and utilities included – about $7,800 less a year. Rent and utilities account for about half of the difference.

79

Cost of Living Index in Panama
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Panama Living Index
110

Cost of Living Index in Calgary
Learn more

Calgary Living Index

Jump to prices

🇵🇦 Panama

$1,643

/mo nomad

Calgary

🇨🇦 Canada

$2,297

/mo nomad

🙂 Solo nomad: Panama is 28.2% cheaper than Calgary without rent, and 28.4% cheaper with rent.

🙂 Family of 3: Panama is 28.5% cheaper than Calgary without rent, and 24.2% cheaper with rent.

Meal at Budget Restaurant

$7.85 PAB 7.85

$17.94 CA$25.23

-56.24%

Three-Course Dinner for Two, Mid-Range

$45.17 PAB 45.17

$68.9 CA$96.9

-34.41%

Fast Food Meal (McDonalds, etc)

$8.06 PAB 8.06

$10.94 CA$15.38

-26.33%

Cappuccino

$3.93 PAB 3.93

$3.70 CA$5.21

6.22%

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

$1.64 PAB 1.64

$2.07 CA$2.91

-20.77%

Water (0.33 liter bottle)

$1.34 PAB 1.34

$2.04 CA$2.87

-34.31%

Local Beer (0.5 liter draught)

$2.21 PAB 2.21

$5.74 CA$8.08

-61.50%

Imported Beer (0.33 liter bottle)

$3.89 PAB 3.89

$5.70 CA$8.02

-31.75%

Milk (1 liter)

$1.81 PAB 1.81

$1.98 CA$2.78

-8.59%

White Bread (500g)

$2.42 PAB 2.42

$2.65 CA$3.72

-8.68%

Rice (white) (1kg)

$2.99 PAB 2.99

$5.84 CA$8.21

-48.80%

Eggs

$2.47 PAB 2.47

$3.81 CA$5.36

-35.17%

Local Cheese (1kg)

$12.34 PAB 12.34

$10.81 CA$15.20

14.15%

Chicken Fillets (1kg)

$6.93 PAB 6.93

$11.02 CA$15.50

-37.11%

Beef Round Steak (1kg)

$10.28 PAB 10.28

$17.87 CA$25.14

-42.47%

Apples (1kg)

$4.16 PAB 4.16

$4.88 CA$6.87

-14.75%

Banana (1kg)

$1.55 PAB 1.55

$1.45 CA$2.04

6.90%

Oranges (1kg)

$3.66 PAB 3.66

$4.15 CA$5.84

-11.81%

Tomato (1kg)

$3.76 PAB 3.76

$3.99 CA$5.61

-5.76%

Potato (1kg)

$2.56 PAB 2.56

$2.93 CA$4.12

-12.63%

Onion (1kg)

$3.25 PAB 3.25

$3.02 CA$4.25

7.62%

Lettuce (1 head)

$2.24 PAB 2.24

$2.67 CA$3.75

-16.10%

Water (1.5 liter bottle)

$1.66 PAB 1.66

$1.57 CA$2.21

5.73%

Cigarettes 20 Pack (Marlboro, Camel)

$6.04 PAB 6.04

$14.11 CA$19.84

-57.19%

Wine (Bottle)

$10.14 PAB 10.14

$15.45 CA$21.73

-34.37%

Local Beer (0.5 liter bottle)

$1.41 PAB 1.41

$2.50 CA$3.52

-43.60%

Imported Beer (0.33 liter bottle)

$2.35 PAB 2.35

$3.18 CA$4.47

-26.10%

One-way Ticket (Public Transport)

$0.38 PAB 0.38

$2.85 CA$4.00

-86.67%

Public Transport Monthly Pass (Regular Price)

$21.35 PAB 21.35

$90.2 CA$127

-76.33%

Taxi Start (Normal Tariff)

$2.56 PAB 2.56

$3.16 CA$4.45

-18.99%

Taxi (Normal Tariff) (1km)

$1.79 PAB 1.79

$1.41 CA$1.98

26.95%

Taxi 1hour Waiting (Normal Tariff)

$21.97 PAB 21.97

$27.46 CA$38.62

-19.99%

Gasoline (1 liter)

$1.18 PAB 1.18

$1.18 CA$1.66

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

$25.9K PAB 25.9K

$27.9K CA$39.2K

-7.09%

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

$22.3K PAB 22.3K

$21.1K CA$29.6K

6.05%

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

$119 PAB 119

$182 CA$256

-34.72%

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

$26.61 PAB 26.61

$36.01 CA$50.7

-26.10%

Internet (50+ Mbps, Unlimited Data)

$46.95 PAB 46.95

$48.80 CA$68.6

-3.79%

Gym Membership (Monthly)

$48.46 PAB 48.46

$48.78 CA$68.6

-0.66%

Tennis Court (1 Hour on Weekend)

$30.25 PAB 30.25

$18.15 CA$25.53

66.67%

Cinema Ticket

$8.02 PAB 8.02

$14.52 CA$20.42

-44.77%

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

$539 PAB 539

$542 CA$762

-0.62%

International Primary School, 1 Child (Yearly)

$19.5K PAB 19.5K

$21.2K CA$29.8K

-8.05%

Jeans (Levis 501 Or Similar)

$53.6 PAB 53.6

$59.1 CA$83.1

-9.31%

Summer Dress (H&M, Zara, etc)

$44.47 PAB 44.47

$42.34 CA$59.5

5.03%

Sport Shoes (Adidas, Nike)

$90.0 PAB 90.0

$94.2 CA$132

-4.47%

Men's Leather Business Shoes

$104 PAB 104

$109 CA$153

-4.48%

1-bedroom Apartment, City Center (Monthly)

$996 PAB 996

$1,214 CA$1,707

-17.92%

1-bedroom Apartment, Outside City Center (Monthly)

$751 PAB 751

$1,036 CA$1,457

-27.54%

3-bedroom Apartment, City Center (Monthly)

$1,770 PAB 1,770

$2,045 CA$2,876

-13.45%

3-bedroom Apartment, Outside City Center (Monthly)

$1,384 PAB 1,384

$1,655 CA$2,327

-16.36%

Buy Apartment in City Center (m2)

$3,003 PAB 3,003

$3,653 CA$5,137

-17.80%

Buy Apartment Outside City Center (m2)

$1,708 PAB 1,708

$3,183 CA$4,476

-46.35%

Average Monthly Net Salary (After Tax)

$818 PAB 818

$3,219 CA$4,526

-74.59%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.37

4.43

43.79%

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

Last update for Panama: November 3, 2026

Last update for Calgary: November 2, 2026

Monthly budget structure

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

Accommodation & Living

Panama

$751 45.7%

Calgary

$1K 45.1% 38% $285

Groceries & Markets

Panama

$305 18.6%

Calgary

$390 17% 27.7% $85

Monthly Utilities & Internet

Panama

$192 11.7%

Calgary

$267 11.6% 38.7% $74

Eating Out

Panama

$165 10%

Calgary

$277 12.1% 68.2% $112

Clothing & Footwear

Panama

$131 8%

Calgary

$137 6% 4.3% $5.6

Sport & Entertainment

Panama

$65 3.9%

Calgary

$78 3.4% 20.6% $13

Getting Around

Panama

$34 2.1%

Calgary

$112 4.9% 225% $77

Good to know

🇵🇦 Panama

🇨🇦 Calgary

🕒 Local time

12:08 12:08 PM

11:08 11:08 AM

1 h behind Panama

🌤 Weather

👥 Population

4,098,587

1,267,344

💱 Currency

Panamanian Balboa PAB B/.

Canadian Dollar CAD $

📈 Exchange rate

1 PAB = 1 USD

1 PAB = 0.89 EUR

1 CAD = 0.711 USD

1 CAD = 0.633 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 November 6, 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 November 6, 2026: 1 USD = 1.41 CAD (1 CAD = 0.711 USD). 1 EUR = 1.58 CAD (1 CAD = 0.633 EUR).

USD to PAB in detail →

On the map

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Between locations

Panama Calgary 5,640 km ≈ 8 h nonstop flight

From you

Panama
Calgary

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 vs other spots: cost of living compared

Cost of Living Comparison Between Panama and Calgary

CAD, USD, EUR to PAB – Panamanian Balboa Converter

City Median Internet Speeds Comparison (Updated April 2026)

Panama

Calgary

Panama

Calgary

Panama vs other spots: cost of living compared

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