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

Name: Canada
Address: CA

🙂 Solo nomad: Panama is 27.1% cheaper than Canada without rent, and 33.5% cheaper with rent.

🙂 Family of 3: Panama is 27.4% cheaper than Canada without rent, and 28.5% cheaper with rent.

Meal at Budget Restaurant

$10.18 PAB 10.18

$18.65 CA$25.39

-45.42%

Three-Course Dinner for Two, Mid-Range

$50.5 PAB 50.5

$74.3 CA$101

-32.08%

Fast Food Meal (McDonalds, etc)

$7.58 PAB 7.58

$11.02 CA$15

-31.22%

Cappuccino

$3.55 PAB 3.55

$3.75 CA$5.11

-5.33%

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

$1.51 PAB 1.51

$2.17 CA$2.95

-30.41%

Water (0.33 liter bottle)

$1.23 PAB 1.23

$1.68 CA$2.29

-26.79%

Local Beer (0.5 liter draught)

$2.23 PAB 2.23

$5.83 CA$7.94

-61.75%

Imported Beer (0.33 liter bottle)

$3.73 PAB 3.73

$5.74 CA$7.81

-35.02%

Milk (1 liter)

$1.83 PAB 1.83

$2.24 CA$3.04

-18.30%

White Bread (500g)

$2.41 PAB 2.41

$2.66 CA$3.62

-9.40%

Rice (white) (1kg)

$2.27 PAB 2.27

$3.6 CA$4.9

-36.94%

Eggs

$2.7 PAB 2.7

$3.53 CA$4.8

-23.51%

Local Cheese (1kg)

$11.54 PAB 11.54

$11.32 CA$15.41

1.94%

Chicken Fillets (1kg)

$7.39 PAB 7.39

$12.46 CA$16.96

-40.69%

Beef Round Steak (1kg)

$9.36 PAB 9.36

$15.28 CA$20.8

-38.74%

Apples (1kg)

$3.89 PAB 3.89

$4.17 CA$5.68

-6.71%

Banana (1kg)

$1.37 PAB 1.37

$1.5 CA$2.05

-8.67%

Oranges (1kg)

$2.89 PAB 2.89

$4 CA$5.45

-27.75%

Tomato (1kg)

$3.05 PAB 3.05

$4.07 CA$5.54

-25.06%

Potato (1kg)

$2.1 PAB 2.1

$2.78 CA$3.78

-24.46%

Onion (1kg)

$2.46 PAB 2.46

$2.73 CA$3.72

-9.89%

Lettuce (1 head)

$2.14 PAB 2.14

$2.63 CA$3.58

-18.63%

Water (1.5 liter bottle)

$1.6 PAB 1.6

$1.82 CA$2.48

-12.09%

Cigarettes 20 Pack (Marlboro, Camel)

$5.88 PAB 5.88

$14.61 CA$19.88

-59.75%

Wine (Bottle)

$10.17 PAB 10.17

$13.08 CA$17.8

-22.25%

Local Beer (0.5 liter bottle)

$1.24 PAB 1.24

$3.01 CA$4.1

-58.80%

Imported Beer (0.33 liter bottle)

$2.22 PAB 2.22

$3.34 CA$4.55

-33.53%

One-way Ticket (Public Transport)

$0.52 PAB 0.52

$2.56 CA$3.49

-79.69%

Public Transport Monthly Pass (Regular Price)

$25.45 PAB 25.45

$78.4 CA$107

-67.53%

Taxi Start (Normal Tariff)

$2.05 PAB 2.05

$3.55 CA$4.83

-42.25%

Taxi (Normal Tariff) (1km)

$1.99 PAB 1.99

$1.55 CA$2.11

28.39%

Taxi 1hour Waiting (Normal Tariff)

$20.72 PAB 20.72

$28.91 CA$39.35

-28.33%

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)

$21.3K PAB 21.3K

$24.6K CA$33.5K

-13.23%

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

$20.9K PAB 20.9K

$20.9K CA$28.5K

-0.04%

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

$108 PAB 108

$155 CA$211

-30.43%

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

$29.43 PAB 29.43

$45.2 CA$61.5

-34.89%

Internet (50+ Mbps, Unlimited Data)

$47.41 PAB 47.41

$62.4 CA$84.9

-24.01%

Gym Membership (Monthly)

$49.24 PAB 49.24

$42.82 CA$58.3

14.99%

Tennis Court (1 Hour on Weekend)

$33.72 PAB 33.72

$17.72 CA$24.11

90.29%

Cinema Ticket

$7.11 PAB 7.11

$11.25 CA$15.31

-36.80%

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

$439 PAB 439

$804 CA$1,094

-45.37%

International Primary School, 1 Child (Yearly)

$11.6K PAB 11.6K

$12K CA$16.4K

-3.96%

Jeans (Levis 501 Or Similar)

$47.07 PAB 47.07

$56.7 CA$77.2

-16.94%

Summer Dress (H&M, Zara, etc)

$40.77 PAB 40.77

$41.61 CA$56.6

-2.02%

Sport Shoes (Adidas, Nike)

$85 PAB 85

$90.2 CA$123

-5.81%

Men's Leather Business Shoes

$116 PAB 116

$108 CA$147

7.43%

1-bedroom Apartment, City Center (Monthly)

$923 PAB 923

$1,364 CA$1,857

-32.31%

1-bedroom Apartment, Outside City Center (Monthly)

$711 PAB 711

$1,208 CA$1,645

-41.17%

3-bedroom Apartment, City Center (Monthly)

$1,745 PAB 1,745

$2,179 CA$2,966

-19.91%

3-bedroom Apartment, Outside City Center (Monthly)

$1,378 PAB 1,378

$1,835 CA$2,497

-24.87%

Buy Apartment in City Center (m2)

$1,884 PAB 1,884

$6,152 CA$8,374

-69.38%

Buy Apartment Outside City Center (m2)

$1,502 PAB 1,502

$4,409 CA$6,001

-65.93%

Average Monthly Net Salary (After Tax)

$807 PAB 807

$2,867 CA$3,903

-71.85%

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: October 28, 2025

Last update for Canada: October 28, 2025

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