Last update: Oct 2026

Cost of Living Comparison Between Stephenville and Panama City

For one person, living is cheaper in Panama City: $1,837 a month against $2,261 in Stephenville, rent and utilities included – about $5,100 less a year. Rent and utilities account for most of the difference.

109

Cost of Living Index in Stephenville
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Stephenville Living Index
90

Cost of Living Index in Panama City
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Panama City Living Index

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Stephenville

🇨🇦 Canada

$2,261

/mo nomad

Panama City

🇵🇦 Panama

$1,837

/mo nomad

Monthly Cost of Living

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

A single person spends $2,261 per month in Stephenville vs $1,837 in Panama City, rent included.

Stephenville $2,261
Panama City $1,837

A couple spends around $3,221 per month in Stephenville vs $2,825 in Panama City, rent included.

Stephenville $3,221
Panama City $2,825

A family of three spends $4,181 per month in Stephenville vs $3,812 in Panama City, rent included.

Stephenville $4,181
Panama City $3,812

Stephenville costs about 23% more than Panama City, and outside of rent the biggest gap is in eating out.

Both Stephenville and Panama City sit above the global median – Stephenville by 69%, Panama City by 37%.

Meal at Budget Restaurant

$17.69 CA$25.17

$11.34 PAB 11.34

56.00%

Three-Course Dinner for Two, Mid-Range

$62.6 CA$89.0

$47.85 PAB 47.85

30.74%

Fast Food Meal (McDonalds, etc)

$10.70 CA$15.22

$8.07 PAB 8.07

32.59%

Cappuccino

$3.58 CA$5.09

$4.02 PAB 4.02

-10.95%

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

$1.96 CA$2.79

$1.94 PAB 1.94

1.03%

Water (0.33 liter bottle)

$1.62 CA$2.31

$1.62 PAB 1.62

Local Beer (0.5 liter draught)

$5.31 CA$7.55

$3.26 PAB 3.26

62.88%

Imported Beer (0.33 liter bottle)

$5.49 CA$7.81

$3.99 PAB 3.99

37.59%

Milk (1 liter)

$2.47 CA$3.52

$1.83 PAB 1.83

34.97%

White Bread (500g)

$2.52 CA$3.59

$2.57 PAB 2.57

-1.95%

Rice (white) (1kg)

$3.34 CA$4.75

$3.33 PAB 3.33

0.30%

Eggs

$3.45 CA$4.91

$2.69 PAB 2.69

28.25%

Local Cheese (1kg)

$9.77 CA$13.90

$12.33 PAB 12.33

-20.76%

Chicken Fillets (1kg)

$11.42 CA$16.24

$6.69 PAB 6.69

70.70%

Beef Round Steak (1kg)

$14.30 CA$20.34

$10.40 PAB 10.40

37.50%

Apples (1kg)

$3.80 CA$5.40

$4.16 PAB 4.16

-8.65%

Banana (1kg)

$1.30 CA$1.85

$1.84 PAB 1.84

-29.35%

Oranges (1kg)

$3.70 CA$5.27

$4.18 PAB 4.18

-11.48%

Tomato (1kg)

$3.68 CA$5.23

$4.08 PAB 4.08

-9.80%

Potato (1kg)

$2.50 CA$3.56

$3.50 PAB 3.50

-28.57%

Onion (1kg)

$2.25 CA$3.20

$4.37 PAB 4.37

-48.51%

Lettuce (1 head)

$2.34 CA$3.33

$2.34 PAB 2.34

Water (1.5 liter bottle)

$1.61 CA$2.28

$1.75 PAB 1.75

-8.00%

Cigarettes 20 Pack (Marlboro, Camel)

$13.88 CA$19.74

$6.06 PAB 6.06

129.04%

Wine (Bottle)

$10.76 CA$15.31

$11.72 PAB 11.72

-8.19%

Local Beer (0.5 liter bottle)

$2.57 CA$3.66

$1.37 PAB 1.37

87.59%

Imported Beer (0.33 liter bottle)

$3.09 CA$4.40

$2.84 PAB 2.84

8.80%

One-way Ticket (Public Transport)

$2.30 CA$3.27

$0.36 PAB 0.36

538.89%

Public Transport Monthly Pass (Regular Price)

$61.0 CA$86.8

$20.96 PAB 20.96

191.08%

Taxi Start (Normal Tariff)

$2.82 CA$4.01

$2.52 PAB 2.52

11.90%

Taxi (Normal Tariff) (1km)

$1.42 CA$2.02

$1.79 PAB 1.79

-20.67%

Taxi 1hour Waiting (Normal Tariff)

$22.82 CA$32.45

$22.01 PAB 22.01

3.68%

Gasoline (1 liter)

$1.11 CA$1.58

$1.25 PAB 1.25

-11.20%

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

$27.8K CA$39.5K

$21.5K PAB 21.5K

28.99%

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

$18.8K CA$26.7K

$21.2K PAB 21.2K

-11.37%

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

$139 CA$197

$131 PAB 131

5.59%

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

$38.22 CA$54.4

$27.68 PAB 27.68

38.08%

Internet (50+ Mbps, Unlimited Data)

$54.8 CA$77.9

$48.59 PAB 48.59

12.76%

Gym Membership (Monthly)

$40.70 CA$57.9

$46.11 PAB 46.11

-11.73%

Tennis Court (1 Hour on Weekend)

$18.03 CA$25.64

$35.01 PAB 35.01

-48.50%

Cinema Ticket

$11.22 CA$15.95

$8.73 PAB 8.73

28.52%

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

$736 CA$1,046

$551 PAB 551

33.61%

International Primary School, 1 Child (Yearly)

$13.2K CA$18.7K

$9,560 PAB 9,560

37.65%

Jeans (Levis 501 Or Similar)

$54.0 CA$76.9

$67.6 PAB 67.6

-20.07%

Summer Dress (H&M, Zara, etc)

$38.23 CA$54.4

$48.03 PAB 48.03

-20.40%

Sport Shoes (Adidas, Nike)

$83.5 CA$119

$94.9 PAB 94.9

-12.05%

Men's Leather Business Shoes

$99.0 CA$141

$113 PAB 113

-12.33%

1-bedroom Apartment, City Center (Monthly)

$1,232 CA$1,753

$1,238 PAB 1,238

-0.44%

1-bedroom Apartment, Outside City Center (Monthly)

$1,132 CA$1,610

$873 PAB 873

29.59%

3-bedroom Apartment, City Center (Monthly)

$1,911 CA$2,718

$2,197 PAB 2,197

-13.04%

3-bedroom Apartment, Outside City Center (Monthly)

$1,711 CA$2,434

$1,538 PAB 1,538

11.25%

Buy Apartment in City Center (m2)

$4,270 CA$6,073

$3,116 PAB 3,116

37.04%

Buy Apartment Outside City Center (m2)

$3,568 CA$5,075

$1,725 PAB 1,725

106.88%

Average Monthly Net Salary (After Tax)

$934 PAB 934

20-Year Fixed Mortgage Interest Rate (Annual %)

4.64

6.39

-27.39%

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

Last update for Stephenville: October 5, 2026

Last update for Panama City: October 3, 2026

Monthly budget structure

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

Accommodation & Living

Stephenville

$1.1K 50.4%

Panama City

$873 47.2% 22.8% $258

Groceries & Markets

Stephenville

$348 15.5%

Panama City

$324 17.5% 6.7% $23

Eating Out

Stephenville

$268 12%

Panama City

$202 10.9% 24.9% $67

Monthly Utilities & Internet

Stephenville

$232 10.3%

Panama City

$207 11.2% 10.4% $24

Clothing & Footwear

Stephenville

$124 5.5%

Panama City

$146 7.9% 17.7% $22

Getting Around

Stephenville

$80 3.6%

Panama City

$34 1.8% 57.7% $46

Sport & Entertainment

Stephenville

$63 2.8%

Panama City

$64 3.4% 0.7% $0.4

Cost Breakdown

A central one-bedroom costs $1,232 in Stephenville versus $1,238 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.

A mid-range dinner for two costs $63.0 in Stephenville versus $48.00 in Panama City. Monthly groceries follow the same trend: $348 vs $324 – making Panama City the more affordable choice for daily food spending.

Good to know

🇨🇦 Stephenville

🇵🇦 Panama City

🕒 Local time

08:16 8:16 AM

05:46 5:46 AM

2 h 30 min behind Stephenville

🌤 Weather

👥 Population

6,600

1,086,990 Capital

💱 Currency

Canadian Dollar CAD $

Panamanian Balboa PAB B/.

📈 Exchange rate

1 CAD = 0.703 USD

1 CAD = 0.627 EUR

1 PAB = 1 USD

1 PAB = 0.892 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 10, 2026: 1 USD = 1.42 CAD (1 CAD = 0.703 USD). 1 EUR = 1.59 CAD (1 CAD = 0.627 EUR).

Panamanian Balboa exchange rates as of October 10, 2026: 1 USD = 1 PAB (1 PAB = 1 USD). 1 EUR = 1.12 PAB (1 PAB = 0.892 EUR).

USD to CAD in detail →

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Between locations

Stephenville Panama City 4,820 km ≈ 7 h nonstop flight

From you

Stephenville
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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

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

Yes – Stephenville is pricier by about 23%, and outside of rent the gap shows up most in eating out.

For a comfortable life, plan on about $3,392 per month in Stephenville and $2,756 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 7% more in Stephenville, 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 $63.0 in Stephenville 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 $1,837, than in Stephenville at $2,261. In Panama City it covers expenses comfortably, while in Stephenville 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, Stephenville makes more sense. Both are solid long-term options with distinct trade-offs.