Last update: Oct 2026

Cost of Living Comparison Between Saanich and Panama City

For one person, living is cheaper in Panama City: $1,855 a month against $2,548 in Saanich, rent and utilities included – about $8,300 less a year. Rent and utilities account for most of the difference.

123

Cost of Living Index in Saanich
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Saanich Living Index
90

Cost of Living Index in Panama City
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Panama City Living Index

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Saanich

🇨🇦 Canada

$2,548

/mo nomad

Panama City

🇵🇦 Panama

$1,855

/mo nomad

Monthly Cost of Living

How much you'll spend in Saanich 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 Saanich and in Panama City actually costs, broken down by who's living it.

A single person spends $2,548 per month in Saanich vs $1,855 in Panama City, rent included.

Saanich $2,548
Panama City $1,855

A couple spends around $3,593 per month in Saanich vs $2,804 in Panama City, rent included.

Saanich $3,593
Panama City $2,804

A family of three spends $4,638 per month in Saanich vs $3,753 in Panama City, rent included.

Saanich $4,638
Panama City $3,753

Saanich costs about 37% more than Panama City, and outside of rent the biggest gap is in groceries.

Both Saanich and Panama City sit above the global median – Saanich by 89%, Panama City by 37%.

Meal at Budget Restaurant

$17.52 CA$24.77

$11.63 PAB 11.63

50.64%

Three-Course Dinner for Two, Mid-Range

$70.4 CA$99.6

$47.92 PAB 47.92

46.99%

Fast Food Meal (McDonalds, etc)

$11.02 CA$15.58

$7.96 PAB 7.96

38.44%

Cappuccino

$4.38 CA$6.19

$4.22 PAB 4.22

3.79%

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

$2.20 CA$3.11

$2.01 PAB 2.01

9.45%

Water (0.33 liter bottle)

$1.77 CA$2.51

$1.56 PAB 1.56

13.46%

Local Beer (0.5 liter draught)

$5.52 CA$7.80

$3.39 PAB 3.39

62.83%

Imported Beer (0.33 liter bottle)

$6.82 CA$9.65

$3.94 PAB 3.94

73.10%

Milk (1 liter)

$1.97 CA$2.79

$1.85 PAB 1.85

6.49%

White Bread (500g)

$3.04 CA$4.30

$2.56 PAB 2.56

18.75%

Rice (white) (1kg)

$2.97 CA$4.19

$3.48 PAB 3.48

-14.66%

Eggs

$4.18 CA$5.90

$2.69 PAB 2.69

55.39%

Local Cheese (1kg)

$11.35 CA$16.05

$12.57 PAB 12.57

-9.71%

Chicken Fillets (1kg)

$12.78 CA$18.07

$6.83 PAB 6.83

87.12%

Beef Round Steak (1kg)

$16.94 CA$23.94

$10.58 PAB 10.58

60.11%

Apples (1kg)

$4.53 CA$6.41

$4.18 PAB 4.18

8.37%

Banana (1kg)

$1.41 CA$2.00

$1.83 PAB 1.83

-22.95%

Oranges (1kg)

$4.18 CA$5.91

$4.20 PAB 4.20

-0.48%

Tomato (1kg)

$5.67 CA$8.02

$4.03 PAB 4.03

40.69%

Potato (1kg)

$3.50 CA$4.95

$3.48 PAB 3.48

0.57%

Onion (1kg)

$2.89 CA$4.08

$4.22 PAB 4.22

-31.52%

Lettuce (1 head)

$3.17 CA$4.48

$2.41 PAB 2.41

31.54%

Water (1.5 liter bottle)

$2.17 CA$3.06

$1.69 PAB 1.69

28.40%

Cigarettes 20 Pack (Marlboro, Camel)

$13.81 CA$19.52

$6.14 PAB 6.14

124.92%

Wine (Bottle)

$15.12 CA$21.37

$11.30 PAB 11.30

33.81%

Local Beer (0.5 liter bottle)

$2.69 CA$3.80

$1.42 PAB 1.42

89.44%

Imported Beer (0.33 liter bottle)

$3.48 CA$4.92

$2.73 PAB 2.73

27.47%

One-way Ticket (Public Transport)

$2.31 CA$3.27

$0.33 PAB 0.33

600.00%

Public Transport Monthly Pass (Regular Price)

$78.5 CA$111

$21.23 PAB 21.23

269.81%

Taxi Start (Normal Tariff)

$2.78 CA$3.93

$2.52 PAB 2.52

10.32%

Taxi (Normal Tariff) (1km)

$1.54 CA$2.17

$1.86 PAB 1.86

-17.20%

Taxi 1hour Waiting (Normal Tariff)

$27.67 CA$39.12

$21.78 PAB 21.78

27.04%

Gasoline (1 liter)

$1.38 CA$1.95

$1.25 PAB 1.25

10.40%

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

$27.4K CA$38.7K

$21.2K PAB 21.2K

29.01%

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

$19.2K CA$27.1K

$21.0K PAB 21.0K

-8.76%

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

$120 CA$170

$130 PAB 130

-7.37%

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

$40.21 CA$56.9

$28.13 PAB 28.13

42.94%

Internet (50+ Mbps, Unlimited Data)

$65.8 CA$93.0

$48.21 PAB 48.21

36.51%

Gym Membership (Monthly)

$68.6 CA$96.9

$45.78 PAB 45.78

49.74%

Tennis Court (1 Hour on Weekend)

$34.92 PAB 34.92

Cinema Ticket

$11.39 CA$16.10

$8.67 PAB 8.67

31.37%

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

$905 CA$1,280

$544 PAB 544

66.33%

International Primary School, 1 Child (Yearly)

$12.9K CA$18.2K

$9,697 PAB 9,697

32.55%

Jeans (Levis 501 Or Similar)

$52.2 CA$73.8

$66.8 PAB 66.8

-21.80%

Summer Dress (H&M, Zara, etc)

$35.03 CA$49.53

$49.14 PAB 49.14

-28.71%

Sport Shoes (Adidas, Nike)

$90.0 CA$127

$93.9 PAB 93.9

-4.10%

Men's Leather Business Shoes

$107 CA$151

$112 PAB 112

-3.95%

1-bedroom Apartment, City Center (Monthly)

$1,413 CA$1,998

$1,257 PAB 1,257

12.42%

1-bedroom Apartment, Outside City Center (Monthly)

$1,311 CA$1,854

$875 PAB 875

49.89%

3-bedroom Apartment, City Center (Monthly)

$2,005 CA$2,834

$2,155 PAB 2,155

-6.98%

3-bedroom Apartment, Outside City Center (Monthly)

$1,844 CA$2,606

$1,564 PAB 1,564

17.90%

Buy Apartment in City Center (m2)

$3,122 PAB 3,122

Buy Apartment Outside City Center (m2)

$3,748 CA$5,298

$1,709 PAB 1,709

119.26%

Average Monthly Net Salary (After Tax)

$2,951 CA$4,173

$916 PAB 916

222.24%

20-Year Fixed Mortgage Interest Rate (Annual %)

4.72

6.39

-26.13%

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

Last update for Saanich: October 11, 2026

Last update for Panama City: October 10, 2026

Monthly budget structure

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

Accommodation & Living

Saanich

$1.3K 51.5%

Panama City

$875 47.2% 33.3% $437

Groceries & Markets

Saanich

$409 16.1%

Panama City

$325 17.5% 20.6% $84

Eating Out

Saanich

$283 11.1%

Panama City

$207 11.1% 27% $76

Monthly Utilities & Internet

Saanich

$226 8.9%

Panama City

$206 11.1% 8.9% $20

Clothing & Footwear

Saanich

$128 5%

Panama City

$145 7.8% 13% $17

Getting Around

Saanich

$98 3.9%

Panama City

$34 1.9% 65% $64

Sport & Entertainment

Saanich

$91 3.6%

Panama City

$63 3.4% 30.9% $28

Cost Breakdown

A central one-bedroom costs $1,413 in Saanich 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 222% higher in Saanich, 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 Saanich versus $48.00 in Panama City. Monthly groceries follow the same trend: $409 vs $325 – making Panama City the more affordable choice for daily food spending.

Good to know

🇨🇦 Saanich

🇵🇦 Panama City

🕒 Local time

11:23 11:23 AM

13:23 1:23 PM

2 h ahead of Saanich

🌤 Weather

👥 Population

117,735

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 →

On the map

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Between locations

Saanich Panama City 5,990 km ≈ 8 h nonstop flight

From you

Saanich
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

Saanich vs Panama City: Cost of Living - Frequently Asked Questions

Yes – Saanich is pricier by about 37%, and outside of rent the gap shows up most in groceries.

For a comfortable life, plan on about $3,821 per month in Saanich 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 26% more in Saanich, 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 Saanich 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 Saanich at $2,548. In Panama City it covers expenses comfortably, while in Saanich 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, Saanich makes more sense. Both are solid long-term options with distinct trade-offs.