Last update: Nov 2026

Cost of Living Comparison Between Panama and Vancouver

For one person, living is cheaper in Panama: $1,643 a month against $2,683 in Vancouver, rent and utilities included – about $12,500 less a year. Rent and utilities account for most of the difference.

79

Cost of Living Index in Panama
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Panama Living Index
128

Cost of Living Index in Vancouver
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Vancouver Living Index

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🇵🇦 Panama

$1,643

/mo nomad

Vancouver

🇨🇦 Canada

$2,683

/mo nomad

🙂 Solo nomad: Panama is 27.4% cheaper than Vancouver without rent, and 38.7% cheaper with rent.

🙂 Family of 3: Panama is 28.1% cheaper than Vancouver without rent, and 35.6% cheaper with rent.

Meal at Budget Restaurant

$7.85 PAB 7.85

$18.10 CA$25.37

-56.63%

Three-Course Dinner for Two, Mid-Range

$45.17 PAB 45.17

$71.0 CA$99.5

-36.36%

Fast Food Meal (McDonalds, etc)

$8.06 PAB 8.06

$10.57 CA$14.81

-23.75%

Cappuccino

$3.93 PAB 3.93

$3.97 CA$5.56

-1.01%

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

$1.64 PAB 1.64

$2.07 CA$2.90

-20.77%

Water (0.33 liter bottle)

$1.34 PAB 1.34

$1.85 CA$2.59

-27.57%

Local Beer (0.5 liter draught)

$2.21 PAB 2.21

$5.67 CA$7.95

-61.02%

Imported Beer (0.33 liter bottle)

$3.89 PAB 3.89

$6.61 CA$9.27

-41.15%

Milk (1 liter)

$1.81 PAB 1.81

$2.16 CA$3.02

-16.20%

White Bread (500g)

$2.42 PAB 2.42

$2.58 CA$3.62

-6.20%

Rice (white) (1kg)

$2.99 PAB 2.99

$4.30 CA$6.02

-30.47%

Eggs

$2.47 PAB 2.47

$4.09 CA$5.74

-39.61%

Local Cheese (1kg)

$12.34 PAB 12.34

$12.12 CA$16.98

1.82%

Chicken Fillets (1kg)

$6.93 PAB 6.93

$13.28 CA$18.62

-47.82%

Beef Round Steak (1kg)

$10.28 PAB 10.28

$20.11 CA$28.19

-48.88%

Apples (1kg)

$4.16 PAB 4.16

$3.96 CA$5.56

5.05%

Banana (1kg)

$1.55 PAB 1.55

$1.43 CA$2.00

8.39%

Oranges (1kg)

$3.66 PAB 3.66

$3.71 CA$5.20

-1.35%

Tomato (1kg)

$3.76 PAB 3.76

$3.92 CA$5.50

-4.08%

Potato (1kg)

$2.56 PAB 2.56

$2.87 CA$4.02

-10.80%

Onion (1kg)

$3.25 PAB 3.25

$2.98 CA$4.17

9.06%

Lettuce (1 head)

$2.24 PAB 2.24

$2.61 CA$3.66

-14.18%

Water (1.5 liter bottle)

$1.66 PAB 1.66

$1.63 CA$2.29

1.84%

Cigarettes 20 Pack (Marlboro, Camel)

$6.04 PAB 6.04

$15.94 CA$22.35

-62.11%

Wine (Bottle)

$10.14 PAB 10.14

$14.25 CA$19.97

-28.84%

Local Beer (0.5 liter bottle)

$1.41 PAB 1.41

$2.52 CA$3.54

-44.05%

Imported Beer (0.33 liter bottle)

$2.35 PAB 2.35

$2.87 CA$4.03

-18.12%

One-way Ticket (Public Transport)

$0.38 PAB 0.38

$2.57 CA$3.60

-85.21%

Public Transport Monthly Pass (Regular Price)

$21.35 PAB 21.35

$84.4 CA$118

-74.69%

Taxi Start (Normal Tariff)

$2.56 PAB 2.56

$2.74 CA$3.85

-6.57%

Taxi (Normal Tariff) (1km)

$1.79 PAB 1.79

$1.63 CA$2.28

9.82%

Taxi 1hour Waiting (Normal Tariff)

$21.97 PAB 21.97

$31.90 CA$44.71

-31.13%

Gasoline (1 liter)

$1.18 PAB 1.18

$1.46 CA$2.04

-19.18%

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

$25.9K PAB 25.9K

$26.7K CA$37.4K

-3.09%

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

$22.3K PAB 22.3K

$21.0K CA$29.5K

6.19%

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

$119 PAB 119

$88.2 CA$124

34.50%

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

$26.61 PAB 26.61

$36.72 CA$51.5

-27.53%

Internet (50+ Mbps, Unlimited Data)

$46.95 PAB 46.95

$49.81 CA$69.8

-5.74%

Gym Membership (Monthly)

$48.46 PAB 48.46

$45.34 CA$63.6

6.88%

Tennis Court (1 Hour on Weekend)

$30.25 PAB 30.25

$12.13 CA$17.00

149.38%

Cinema Ticket

$8.02 PAB 8.02

$12.55 CA$17.59

-36.10%

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

$539 PAB 539

$1,055 CA$1,479

-48.98%

International Primary School, 1 Child (Yearly)

$19.5K PAB 19.5K

$28.5K CA$39.9K

-31.67%

Jeans (Levis 501 Or Similar)

$53.6 PAB 53.6

$56.4 CA$79.1

-5.03%

Summer Dress (H&M, Zara, etc)

$44.47 PAB 44.47

$34.37 CA$48.18

29.39%

Sport Shoes (Adidas, Nike)

$90.0 PAB 90.0

$89.8 CA$126

0.14%

Men's Leather Business Shoes

$104 PAB 104

$94.3 CA$132

10.00%

1-bedroom Apartment, City Center (Monthly)

$996 PAB 996

$1,738 CA$2,436

-42.67%

1-bedroom Apartment, Outside City Center (Monthly)

$751 PAB 751

$1,528 CA$2,143

-50.88%

3-bedroom Apartment, City Center (Monthly)

$1,770 PAB 1,770

$3,107 CA$4,355

-43.03%

3-bedroom Apartment, Outside City Center (Monthly)

$1,384 PAB 1,384

$2,547 CA$3,570

-45.66%

Buy Apartment in City Center (m2)

$3,003 PAB 3,003

$8,540 CA$12.0K

-64.84%

Buy Apartment Outside City Center (m2)

$1,708 PAB 1,708

$6,328 CA$8,870

-73.01%

Average Monthly Net Salary (After Tax)

$818 PAB 818

$3,770 CA$5,284

-78.30%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.37

4.24

50.24%

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

Last update for Panama: November 3, 2026

Last update for Vancouver: November 2, 2026

Monthly budget structure

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

Accommodation & Living

Panama

$751 45.7%

Vancouver

$1.5K 57% 104% $778

Groceries & Markets

Panama

$305 18.6%

Vancouver

$398 14.9% 30.5% $93

Monthly Utilities & Internet

Panama

$192 11.7%

Vancouver

$175 6.5% 9.1% $17

Eating Out

Panama

$165 10%

Vancouver

$281 10.5% 70.6% $116

Clothing & Footwear

Panama

$131 8%

Vancouver

$124 4.6% 5.8% $7.6

Sport & Entertainment

Panama

$65 3.9%

Vancouver

$70 2.6% 9.2% $5.9

Getting Around

Panama

$34 2.1%

Vancouver

$106 3.9% 207% $71

Good to know

🇵🇦 Panama

🇨🇦 Vancouver

🕒 Local time

10:00 10:00 AM

08:00 8:00 AM

2 h behind Panama

🌤 Weather

👥 Population

4,098,587

631,486

💱 Currency

Panamanian Balboa PAB B/.

Canadian Dollar CAD $

📈 Exchange rate

1 PAB = 1 USD

1 PAB = 0.89 EUR

1 CAD = 0.713 USD

1 CAD = 0.635 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 = 1.4 CAD (1 CAD = 0.713 USD). 1 EUR = 1.57 CAD (1 CAD = 0.635 EUR).

USD to PAB in detail →

On the map

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Between locations

Panama Vancouver 6,030 km ≈ 8 h nonstop flight

From you

Panama
Vancouver

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 Vancouver

CAD, USD, EUR to PAB – Panamanian Balboa Converter

City Median Internet Speeds Comparison (Updated April 2026)

Panama

Vancouver

Panama

Vancouver

Panama vs other spots: cost of living compared

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