Last update: Oct 2026

Cost of Living Comparison Between Prince George and Panama City

For one person, living is cheaper in Panama City: $1,855 a month against $2,068 in Prince George, rent and utilities included – about $2,600 less a year. Other living expenses account for most of the difference.

100

Cost of Living Index in Prince George
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Prince George Living Index
90

Cost of Living Index in Panama City
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Panama City Living Index

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Prince George

🇨🇦 Canada

$2,068

/mo nomad

Panama City

🇵🇦 Panama

$1,855

/mo nomad

Monthly Cost of Living

How much you'll spend in Prince George and in Panama City

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Prince George and in Panama City actually costs, broken down by who's living it.

A single person spends $2,068 per month in Prince George vs $1,855 in Panama City, rent included.

Prince George $2,068
Panama City $1,855

A couple spends around $3,230 per month in Prince George vs $2,804 in Panama City, rent included.

Prince George $3,230
Panama City $2,804

A family of three spends $4,391 per month in Prince George vs $3,753 in Panama City, rent included.

Prince George $4,391
Panama City $3,753

Prince George costs about 11% more than Panama City, and outside of rent the biggest gap is in eating out.

Both Prince George and Panama City sit above the global median – Prince George by 53%, Panama City by 37%.

Meal at Budget Restaurant

$17.19 CA$24.31

$11.63 PAB 11.63

47.81%

Three-Course Dinner for Two, Mid-Range

$70.2 CA$99.3

$47.92 PAB 47.92

46.56%

Fast Food Meal (McDonalds, etc)

$8.38 CA$11.85

$7.96 PAB 7.96

5.28%

Cappuccino

$3.81 CA$5.39

$4.22 PAB 4.22

-9.72%

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

$2.08 CA$2.94

$2.01 PAB 2.01

3.48%

Water (0.33 liter bottle)

$2.34 CA$3.30

$1.56 PAB 1.56

50.00%

Local Beer (0.5 liter draught)

$5.56 CA$7.86

$3.39 PAB 3.39

64.01%

Imported Beer (0.33 liter bottle)

$7.19 CA$10.17

$3.94 PAB 3.94

82.49%

Milk (1 liter)

$1.86 CA$2.63

$1.85 PAB 1.85

0.54%

White Bread (500g)

$2.49 CA$3.51

$2.56 PAB 2.56

-2.73%

Rice (white) (1kg)

$4.50 CA$6.37

$3.48 PAB 3.48

29.31%

Eggs

$4.10 CA$5.80

$2.69 PAB 2.69

52.42%

Local Cheese (1kg)

$6.28 CA$8.87

$12.57 PAB 12.57

-50.04%

Chicken Fillets (1kg)

$13.90 CA$19.66

$6.83 PAB 6.83

103.51%

Beef Round Steak (1kg)

$13.80 CA$19.51

$10.58 PAB 10.58

30.43%

Apples (1kg)

$4.02 CA$5.69

$4.18 PAB 4.18

-3.83%

Banana (1kg)

$2.77 CA$3.92

$1.83 PAB 1.83

51.37%

Oranges (1kg)

$5.19 CA$7.34

$4.20 PAB 4.20

23.57%

Tomato (1kg)

$3.76 CA$5.32

$4.03 PAB 4.03

-6.70%

Potato (1kg)

$2.83 CA$4.01

$3.48 PAB 3.48

-18.68%

Onion (1kg)

$2.26 CA$3.19

$4.22 PAB 4.22

-46.45%

Lettuce (1 head)

$2.96 CA$4.19

$2.41 PAB 2.41

22.82%

Water (1.5 liter bottle)

$2.07 CA$2.93

$1.69 PAB 1.69

22.49%

Cigarettes 20 Pack (Marlboro, Camel)

$14.79 CA$20.91

$6.14 PAB 6.14

140.88%

Wine (Bottle)

$10.38 CA$14.68

$11.30 PAB 11.30

-8.14%

Local Beer (0.5 liter bottle)

$5.34 CA$7.55

$1.42 PAB 1.42

276.06%

Imported Beer (0.33 liter bottle)

$2.73 PAB 2.73

One-way Ticket (Public Transport)

$1.76 CA$2.49

$0.33 PAB 0.33

433.33%

Public Transport Monthly Pass (Regular Price)

$41.79 CA$59.1

$21.23 PAB 21.23

96.84%

Taxi Start (Normal Tariff)

$2.95 CA$4.17

$2.52 PAB 2.52

17.06%

Taxi (Normal Tariff) (1km)

$1.70 CA$2.40

$1.86 PAB 1.86

-8.60%

Taxi 1hour Waiting (Normal Tariff)

$32.29 CA$45.65

$21.78 PAB 21.78

48.26%

Gasoline (1 liter)

$1.32 CA$1.86

$1.25 PAB 1.25

5.60%

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

$28.1K CA$39.7K

$21.2K PAB 21.2K

32.37%

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

$19.1K CA$27.1K

$21.0K PAB 21.0K

-8.95%

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

$171 CA$242

$130 PAB 130

31.98%

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

$40.80 CA$57.7

$28.13 PAB 28.13

45.04%

Internet (50+ Mbps, Unlimited Data)

$60.7 CA$85.7

$48.21 PAB 48.21

25.80%

Gym Membership (Monthly)

$42.40 CA$59.9

$45.78 PAB 45.78

-7.38%

Tennis Court (1 Hour on Weekend)

$17.48 CA$24.71

$34.92 PAB 34.92

-49.94%

Cinema Ticket

$8.93 CA$12.63

$8.67 PAB 8.67

3.00%

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

$406 CA$574

$544 PAB 544

-25.36%

International Primary School, 1 Child (Yearly)

$9,697 PAB 9,697

Jeans (Levis 501 Or Similar)

$59.9 CA$84.7

$66.8 PAB 66.8

-10.22%

Summer Dress (H&M, Zara, etc)

$38.03 CA$53.8

$49.14 PAB 49.14

-22.61%

Sport Shoes (Adidas, Nike)

$92.7 CA$131

$93.9 PAB 93.9

-1.25%

Men's Leather Business Shoes

$149 CA$211

$112 PAB 112

33.98%

1-bedroom Apartment, City Center (Monthly)

$961 CA$1,359

$1,257 PAB 1,257

-23.55%

1-bedroom Apartment, Outside City Center (Monthly)

$872 CA$1,233

$875 PAB 875

-0.30%

3-bedroom Apartment, City Center (Monthly)

$1,820 CA$2,573

$2,155 PAB 2,155

-15.53%

3-bedroom Apartment, Outside City Center (Monthly)

$1,719 CA$2,430

$1,564 PAB 1,564

9.94%

Buy Apartment in City Center (m2)

$3,122 PAB 3,122

Buy Apartment Outside City Center (m2)

$1,709 PAB 1,709

Average Monthly Net Salary (After Tax)

$3,044 CA$4,303

$916 PAB 916

232.35%

20-Year Fixed Mortgage Interest Rate (Annual %)

4.96

6.39

-22.38%

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

Last update for Prince George: October 13, 2026

Last update for Panama City: October 10, 2026

Monthly budget structure

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

Accommodation & Living

Prince George

$872 42.2%

Panama City

$875 47.2% 0.3% $2.6

Groceries & Markets

Prince George

$381 * 18.4%

Panama City

$325 17.5% 14.7% $56

Monthly Utilities & Internet

Prince George

$273 13.2%

Panama City

$206 11.1% 24.4% $67

Eating Out

Prince George

$268 13%

Panama City

$207 11.1% 23% $62

Clothing & Footwear

Prince George

$153 7.4%

Panama City

$145 7.8% 5.5% $8.5

Getting Around

Prince George

$60 2.9%

Panama City

$34 1.9% 42.9% $26

Sport & Entertainment

Prince George

$60 2.9%

Panama City

$63 3.4% 4.7% $2.8

Categories marked with * are only partly priced – their share counts the items that do have prices.

Cost Breakdown

A central one-bedroom costs $961 in Prince George versus $1,257 in Panama City. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

Salaries run about 232% higher in Prince George, which partly offsets the higher cost of living there. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $70.0 in Prince George versus $48.00 in Panama City. Monthly groceries follow the same trend: $381 vs $325 – making Panama City the more affordable choice for daily food spending.

Good to know

🇨🇦 Prince George

🇵🇦 Panama City

🕒 Local time

13:29 1:29 PM

15:29 3:29 PM

2 h ahead of Prince George

🌤 Weather

👥 Population

71,974

1,086,990 Capital

💱 Currency

Canadian Dollar CAD $

Panamanian Balboa PAB B/.

📈 Exchange rate

1 CAD = 0.707 USD

1 CAD = 0.629 EUR

1 PAB = 1 USD

1 PAB = 0.89 EUR

Exchange rates and currency converter

PAB, USD, EUR to CAD – Canadian Dollar Converter

🇺🇸 United States Dollar ($)

🇨🇦 Canadian Dollar ($)

Canadian Dollar exchange rates as of October 19, 2026: 1 USD = 1.41 CAD (1 CAD = 0.707 USD). 1 EUR = 1.59 CAD (1 CAD = 0.629 EUR).

Panamanian Balboa exchange rates as of October 19, 2026: 1 USD = 1 PAB (1 PAB = 1 USD). 1 EUR = 1.12 PAB (1 PAB = 0.89 EUR).

USD to CAD in detail →

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Prince George Panama City 6,300 km ≈ 8 h nonstop flight

From you

Prince George
Panama City

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

Prince George vs Panama City: Cost of Living - Frequently Asked Questions

Yes – Prince George is pricier by about 11%, and outside of rent the gap shows up most in eating out.

For a comfortable life, plan on about $3,102 per month in Prince George and $2,783 in Panama City. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Panama City, especially for central apartments. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

Groceries cost about 17% more in Prince George, though it depends on what you buy. Local produce may be comparable; imported and premium items show the biggest price gap.

A mid-range dinner for two costs $70.0 in Prince George and $48.00 in Panama City. That's a good indicator of the overall restaurant and café pricing gap between the two cities.

A $2,500 monthly budget goes further in Panama City, where all-in costs run around $1,855, than in Prince George at $2,068. In Panama City it covers expenses comfortably, while in Prince George it requires careful planning or may not stretch far enough.

Families tend to lean toward Panama City – lower housing and cheaper childcare make a real difference, especially on a single income or when paying for private education.

If budget matters most, go with Panama City. If higher salaries, better infrastructure, or specific career opportunities are the priority, Prince George makes more sense. Both are solid long-term options with distinct trade-offs.