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% cheaper than Canada without rent, and 35% cheaper with rent.

🙂 Family of 3: Panama is 29.9% cheaper than Canada without rent, and 26.8% cheaper with rent.

Meal at Budget Restaurant

$9.89 PAB 9.89

$18.25 CA$25.01

-45.81%

Three-Course Dinner for Two, Mid-Range

$49.66 PAB 49.66

$72.9 CA$99.8

-31.83%

Fast Food Meal (McDonalds, etc)

$7.68 PAB 7.68

$11.06 CA$15.16

-30.56%

Cappuccino

$3.49 PAB 3.49

$3.72 CA$5.10

-6.18%

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

$1.47 PAB 1.47

$2.17 CA$2.97

-32.26%

Water (0.33 liter bottle)

$1.26 PAB 1.26

$1.67 CA$2.29

-24.55%

Local Beer (0.5 liter draught)

$2.31 PAB 2.31

$6.01 CA$8.24

-61.56%

Imported Beer (0.33 liter bottle)

$3.80 PAB 3.80

$6.06 CA$8.30

-37.29%

Milk (1 liter)

$1.84 PAB 1.84

$2.31 CA$3.17

-20.35%

White Bread (500g)

$2.47 PAB 2.47

$2.65 CA$3.63

-6.79%

Rice (white) (1kg)

$2.24 PAB 2.24

$3.60 CA$4.93

-37.78%

Eggs

$2.72 PAB 2.72

$3.57 CA$4.89

-23.81%

Local Cheese (1kg)

$11.12 PAB 11.12

$11.60 CA$15.89

-4.14%

Chicken Fillets (1kg)

$7.03 PAB 7.03

$12.44 CA$17.04

-43.49%

Beef Round Steak (1kg)

$9.16 PAB 9.16

$15.25 CA$20.89

-39.93%

Apples (1kg)

$3.94 PAB 3.94

$4.33 CA$5.94

-9.01%

Banana (1kg)

$1.32 PAB 1.32

$1.45 CA$1.99

-8.97%

Oranges (1kg)

$2.99 PAB 2.99

$3.78 CA$5.18

-20.90%

Tomato (1kg)

$2.98 PAB 2.98

$4.21 CA$5.77

-29.22%

Potato (1kg)

$2.16 PAB 2.16

$2.69 CA$3.68

-19.70%

Onion (1kg)

$2.48 PAB 2.48

$2.75 CA$3.77

-9.82%

Lettuce (1 head)

$2.08 PAB 2.08

$2.52 CA$3.45

-17.46%

Water (1.5 liter bottle)

$1.61 PAB 1.61

$1.86 CA$2.54

-13.44%

Cigarettes 20 Pack (Marlboro, Camel)

$5.87 PAB 5.87

$14.70 CA$20.14

-60.07%

Wine (Bottle)

$9.93 PAB 9.93

$13.06 CA$17.90

-23.97%

Local Beer (0.5 liter bottle)

$1.22 PAB 1.22

$3.00 CA$4.10

-59.33%

Imported Beer (0.33 liter bottle)

$2.25 PAB 2.25

$3.37 CA$4.61

-33.23%

One-way Ticket (Public Transport)

$0.52 PAB 0.52

$2.62 CA$3.59

-80.15%

Public Transport Monthly Pass (Regular Price)

$24.98 PAB 24.98

$75.5 CA$103

-66.93%

Taxi Start (Normal Tariff)

$2.06 PAB 2.06

$3.50 CA$4.79

-41.14%

Taxi (Normal Tariff) (1km)

$2.05 PAB 2.05

$1.49 CA$2.04

37.58%

Taxi 1hour Waiting (Normal Tariff)

$21.36 PAB 21.36

$28.59 CA$39.17

-25.29%

Gasoline (1 liter)

$0.88 PAB 0.88

$1.15 CA$1.58

-23.48%

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

$21.5K PAB 21.5K

$24.8K CA$33.9K

-13.27%

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

$21.1K PAB 21.1K

$20.9K CA$28.6K

1.10%

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

$108 PAB 108

$152 CA$208

-29.05%

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

$29.60 PAB 29.60

$45.94 CA$62.9

-35.57%

Internet (50+ Mbps, Unlimited Data)

$47.27 PAB 47.27

$64.0 CA$87.7

-26.14%

Gym Membership (Monthly)

$49.91 PAB 49.91

$42.93 CA$58.8

16.26%

Tennis Court (1 Hour on Weekend)

$34.22 PAB 34.22

$17.73 CA$24.29

93.01%

Cinema Ticket

$7.04 PAB 7.04

$11.48 CA$15.72

-38.68%

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

$452 PAB 452

$810 CA$1,110

-44.28%

International Primary School, 1 Child (Yearly)

$11.6K PAB 11.6K

$12.3K CA$16.8K

-5.93%

Jeans (Levis 501 Or Similar)

$47.42 PAB 47.42

$55.5 CA$76.0

-14.50%

Summer Dress (H&M, Zara, etc)

$40.80 PAB 40.80

$41.89 CA$57.4

-2.60%

Sport Shoes (Adidas, Nike)

$83.7 PAB 83.7

$90.1 CA$123

-7.01%

Men's Leather Business Shoes

$120 PAB 120

$106 CA$146

12.90%

1-bedroom Apartment, City Center (Monthly)

$939 PAB 939

$1,340 CA$1,836

-29.90%

1-bedroom Apartment, Outside City Center (Monthly)

$714 PAB 714

$1,217 CA$1,668

-41.34%

3-bedroom Apartment, City Center (Monthly)

$1,730 PAB 1,730

$2,186 CA$2,995

-20.83%

3-bedroom Apartment, Outside City Center (Monthly)

$1,353 PAB 1,353

$1,828 CA$2,505

-25.97%

Buy Apartment in City Center (m2)

$3,042 PAB 3,042

$4,863 CA$6,663

-37.44%

Buy Apartment Outside City Center (m2)

$1,677 PAB 1,677

$3,966 CA$5,434

-57.72%

Average Monthly Net Salary (After Tax)

$821 PAB 821

$3,042 CA$4,167

-73.01%

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: April 12, 2026

Last update for Canada: April 11, 2026

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 Canada Cost of Living Comparison Between Panama and Canada

City Median Internet Speeds Comparison (Updated April 2026)

Panama

Canada

Panama

Canada

Panama vs other spots: cost of living compared

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