Cost of Living Comparison Between Panama and Canada Cost of Living Comparison Between Panama and Canada

Name: Canada
Address: CA

🙂 Solo nomad: Panama is 27.7% cheaper than Canada without rent, and 35% cheaper with rent.

🙂 Family of 3: Panama is 27.2% cheaper than Canada without rent, and 27.7% cheaper with rent.

Meal at Budget Restaurant

$9.93 PAB 9.93

$18.70 CA$25.62

-46.90%

Three-Course Dinner for Two, Mid-Range

$50.9 PAB 50.9

$74.4 CA$102

-31.67%

Fast Food Meal (McDonalds, etc)

$7.54 PAB 7.54

$11.14 CA$15.26

-32.32%

Cappuccino

$3.53 PAB 3.53

$3.75 CA$5.13

-5.87%

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

$1.51 PAB 1.51

$2.12 CA$2.90

-28.77%

Water (0.33 liter bottle)

$1.29 PAB 1.29

$1.75 CA$2.40

-26.29%

Local Beer (0.5 liter draught)

$2.30 PAB 2.30

$5.95 CA$8.15

-61.34%

Imported Beer (0.33 liter bottle)

$3.69 PAB 3.69

$6.07 CA$8.31

-39.21%

Milk (1 liter)

$1.77 PAB 1.77

$2.21 CA$3.03

-19.91%

White Bread (500g)

$2.41 PAB 2.41

$2.70 CA$3.70

-10.74%

Rice (white) (1kg)

$2.26 PAB 2.26

$3.63 CA$4.98

-37.74%

Eggs

$2.61 PAB 2.61

$3.57 CA$4.89

-26.89%

Local Cheese (1kg)

$11.25 PAB 11.25

$11.60 CA$15.89

-3.02%

Chicken Fillets (1kg)

$7.05 PAB 7.05

$12.17 CA$16.67

-42.07%

Beef Round Steak (1kg)

$9.06 PAB 9.06

$15.29 CA$20.95

-40.75%

Apples (1kg)

$4.05 PAB 4.05

$4.32 CA$5.92

-6.25%

Banana (1kg)

$1.38 PAB 1.38

$1.50 CA$2.06

-8.00%

Oranges (1kg)

$2.94 PAB 2.94

$3.87 CA$5.30

-24.03%

Tomato (1kg)

$3.05 PAB 3.05

$4.28 CA$5.86

-28.74%

Potato (1kg)

$2.09 PAB 2.09

$2.79 CA$3.82

-25.09%

Onion (1kg)

$2.45 PAB 2.45

$2.62 CA$3.59

-6.49%

Lettuce (1 head)

$2.07 PAB 2.07

$2.63 CA$3.61

-21.29%

Water (1.5 liter bottle)

$1.61 PAB 1.61

$1.79 CA$2.46

-10.06%

Cigarettes 20 Pack (Marlboro, Camel)

$5.88 PAB 5.88

$14.95 CA$20.48

-60.67%

Wine (Bottle)

$10.17 PAB 10.17

$12.91 CA$17.69

-21.22%

Local Beer (0.5 liter bottle)

$1.24 PAB 1.24

$3.03 CA$4.16

-59.08%

Imported Beer (0.33 liter bottle)

$2.17 PAB 2.17

$3.39 CA$4.64

-35.99%

One-way Ticket (Public Transport)

$0.51 PAB 0.51

$2.60 CA$3.56

-80.38%

Public Transport Monthly Pass (Regular Price)

$25.03 PAB 25.03

$78.0 CA$107

-67.90%

Taxi Start (Normal Tariff)

$1.99 PAB 1.99

$3.40 CA$4.65

-41.47%

Taxi (Normal Tariff) (1km)

$2.01 PAB 2.01

$1.55 CA$2.12

29.68%

Taxi 1hour Waiting (Normal Tariff)

$21.24 PAB 21.24

$28.12 CA$38.52

-24.47%

Gasoline (1 liter)

$0.96 PAB 0.96

$1.16 CA$1.58

-17.24%

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

$21.7K PAB 21.7K

$25.1K CA$34.4K

-13.68%

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

$21.3K PAB 21.3K

$20.5K CA$28.0K

4.18%

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

$107 PAB 107

$157 CA$216

-31.96%

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

$29.34 PAB 29.34

$45.83 CA$62.8

-35.98%

Internet (50+ Mbps, Unlimited Data)

$48.08 PAB 48.08

$62.4 CA$85.5

-22.92%

Gym Membership (Monthly)

$50.6 PAB 50.6

$43.42 CA$59.5

16.49%

Tennis Court (1 Hour on Weekend)

$33.55 PAB 33.55

$17.87 CA$24.49

87.74%

Cinema Ticket

$6.80 PAB 6.80

$11.55 CA$15.83

-41.13%

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

$449 PAB 449

$806 CA$1,104

-44.27%

International Primary School, 1 Child (Yearly)

$11.6K PAB 11.6K

$12.2K CA$16.6K

-4.93%

Jeans (Levis 501 Or Similar)

$46.32 PAB 46.32

$55.3 CA$75.8

-16.22%

Summer Dress (H&M, Zara, etc)

$40.74 PAB 40.74

$42.55 CA$58.3

-4.25%

Sport Shoes (Adidas, Nike)

$86.1 PAB 86.1

$89.1 CA$122

-3.40%

Men's Leather Business Shoes

$116 PAB 116

$108 CA$148

7.00%

1-bedroom Apartment, City Center (Monthly)

$939 PAB 939

$1,367 CA$1,873

-31.28%

1-bedroom Apartment, Outside City Center (Monthly)

$719 PAB 719

$1,202 CA$1,647

-40.21%

3-bedroom Apartment, City Center (Monthly)

$1,734 PAB 1,734

$2,177 CA$2,983

-20.34%

3-bedroom Apartment, Outside City Center (Monthly)

$1,352 PAB 1,352

$1,891 CA$2,590

-28.50%

Buy Apartment in City Center (m2)

$2,996 PAB 2,996

$5,050 CA$6,919

-40.68%

Buy Apartment Outside City Center (m2)

$1,711 PAB 1,711

$4,046 CA$5,544

-57.72%

Average Monthly Net Salary (After Tax)

$831 PAB 831

$3,008 CA$4,121

-72.38%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.3

6.33

-0.47%

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

Last update for Panama: March 3, 2026

Last update for Canada: March 2, 2026

City Median Internet Speeds Comparison (Updated January 2026)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

Cost of Living Comparison Between Panama and Canada Cost of Living Comparison Between Panama and Canada

City Median Internet Speeds Comparison (Updated January 2026)

Panama

Canada

Panama

Canada

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