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

Name: Canada
Address: CA

🙂 Solo nomad: Panama is 29.4% cheaper than Canada without rent, and 34.2% cheaper with rent.

🙂 Family of 3: Panama is 27.8% cheaper than Canada without rent, and 27.8% cheaper with rent.

Meal at Budget Restaurant

$9.89 PAB 9.89

$18.38 CA$25.54

-46.19%

Three-Course Dinner for Two, Mid-Range

$50.8 PAB 50.8

$72.8 CA$101

-30.25%

Fast Food Meal (McDonalds, etc)

$7.62 PAB 7.62

$10.87 CA$15.12

-29.90%

Cappuccino

$3.60 PAB 3.60

$3.89 CA$5.40

-7.46%

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

$1.47 PAB 1.47

$2.17 CA$3.02

-32.26%

Water (0.33 liter bottle)

$1.29 PAB 1.29

$1.69 CA$2.35

-23.67%

Local Beer (0.5 liter draught)

$2.22 PAB 2.22

$5.73 CA$7.97

-61.26%

Imported Beer (0.33 liter bottle)

$3.73 PAB 3.73

$6.03 CA$8.38

-38.14%

Milk (1 liter)

$1.80 PAB 1.80

$2.22 CA$3.08

-18.92%

White Bread (500g)

$2.48 PAB 2.48

$2.80 CA$3.89

-11.43%

Rice (white) (1kg)

$2.24 PAB 2.24

$3.72 CA$5.16

-39.78%

Eggs

$2.60 PAB 2.60

$3.57 CA$4.96

-27.17%

Local Cheese (1kg)

$11.37 PAB 11.37

$11.27 CA$15.67

0.89%

Chicken Fillets (1kg)

$7.20 PAB 7.20

$12.09 CA$16.81

-40.45%

Beef Round Steak (1kg)

$9.52 PAB 9.52

$15.16 CA$21.07

-37.20%

Apples (1kg)

$4.02 PAB 4.02

$4.28 CA$5.95

-6.07%

Banana (1kg)

$1.33 PAB 1.33

$1.49 CA$2.07

-10.74%

Oranges (1kg)

$2.90 PAB 2.90

$3.83 CA$5.32

-24.28%

Tomato (1kg)

$3.04 PAB 3.04

$4.12 CA$5.73

-26.21%

Potato (1kg)

$2.17 PAB 2.17

$2.65 CA$3.69

-18.11%

Onion (1kg)

$2.37 PAB 2.37

$2.69 CA$3.74

-11.90%

Lettuce (1 head)

$2.14 PAB 2.14

$2.62 CA$3.64

-18.32%

Water (1.5 liter bottle)

$1.63 PAB 1.63

$1.81 CA$2.52

-9.94%

Cigarettes 20 Pack (Marlboro, Camel)

$6.04 PAB 6.04

$14.65 CA$20.36

-58.77%

Wine (Bottle)

$10.18 PAB 10.18

$13.04 CA$18.13

-21.93%

Local Beer (0.5 liter bottle)

$1.25 PAB 1.25

$3.01 CA$4.18

-58.47%

Imported Beer (0.33 liter bottle)

$2.30 PAB 2.30

$3.41 CA$4.74

-32.55%

One-way Ticket (Public Transport)

$0.52 PAB 0.52

$2.59 CA$3.61

-79.92%

Public Transport Monthly Pass (Regular Price)

$25.15 PAB 25.15

$75.5 CA$105

-66.67%

Taxi Start (Normal Tariff)

$2.05 PAB 2.05

$3.52 CA$4.89

-41.76%

Taxi (Normal Tariff) (1km)

$1.95 PAB 1.95

$1.53 CA$2.12

27.45%

Taxi 1hour Waiting (Normal Tariff)

$20.88 PAB 20.88

$29.01 CA$40.33

-28.02%

Gasoline (1 liter)

$0.96 PAB 0.96

$1.15 CA$1.60

-16.52%

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

$21.6K PAB 21.6K

$24.6K CA$34.1K

-12.05%

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

$21.2K PAB 21.2K

$20.9K CA$29.0K

1.39%

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

$107 PAB 107

$157 CA$219

-31.89%

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

$28.96 PAB 28.96

$46.09 CA$64.1

-37.17%

Internet (50+ Mbps, Unlimited Data)

$47.54 PAB 47.54

$62.3 CA$86.6

-23.70%

Gym Membership (Monthly)

$50.3 PAB 50.3

$42.85 CA$59.6

17.48%

Tennis Court (1 Hour on Weekend)

$34.39 PAB 34.39

$18.20 CA$25.30

88.96%

Cinema Ticket

$6.90 PAB 6.90

$11.63 CA$16.16

-40.67%

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

$442 PAB 442

$798 CA$1,110

-44.58%

International Primary School, 1 Child (Yearly)

$11.3K PAB 11.3K

$11.9K CA$16.5K

-4.38%

Jeans (Levis 501 Or Similar)

$46.73 PAB 46.73

$55.5 CA$77.2

-15.86%

Summer Dress (H&M, Zara, etc)

$41.09 PAB 41.09

$42.29 CA$58.8

-2.84%

Sport Shoes (Adidas, Nike)

$83.8 PAB 83.8

$90.0 CA$125

-6.87%

Men's Leather Business Shoes

$117 PAB 117

$106 CA$148

9.85%

1-bedroom Apartment, City Center (Monthly)

$948 PAB 948

$1,346 CA$1,871

-29.59%

1-bedroom Apartment, Outside City Center (Monthly)

$705 PAB 705

$1,199 CA$1,667

-41.21%

3-bedroom Apartment, City Center (Monthly)

$1,721 PAB 1,721

$2,170 CA$3,016

-20.67%

3-bedroom Apartment, Outside City Center (Monthly)

$1,363 PAB 1,363

$1,825 CA$2,537

-25.32%

Buy Apartment in City Center (m2)

$2,980 PAB 2,980

$4,916 CA$6,833

-39.38%

Buy Apartment Outside City Center (m2)

$1,704 PAB 1,704

$3,953 CA$5,494

-56.89%

Average Monthly Net Salary (After Tax)

$799 PAB 799

$2,974 CA$4,134

-73.14%

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: January 13, 2026

Last update for Canada: January 11, 2026

Digital Nomad Cost of Living Index

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

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