Last update: Oct 2026

Cost of Living Comparison Between Summerside, PE and Panama City

For one person, living costs are similar in Summerside, PE and in Panama City: $1,773 and $1,855 a month, rent and utilities included.

87

Cost of Living Index in Summerside, PE
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Summerside, PE Living Index
90

Cost of Living Index in Panama City
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Panama City Living Index

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Summerside, PE

🇨🇦 Canada

$1,773

/mo nomad

Panama City

🇵🇦 Panama

$1,855

/mo nomad

Monthly Cost of Living

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

A single person spends $1,773 per month in Summerside, PE vs $1,855 in Panama City, rent included.

Summerside, PE $1,773
Panama City $1,855

A couple spends around $2,575 per month in Summerside, PE vs $2,804 in Panama City, rent included.

Summerside, PE $2,575
Panama City $2,804

A family of three spends $3,377 per month in Summerside, PE vs $3,753 in Panama City, rent included.

Summerside, PE $3,377
Panama City $3,753

Summerside, PE is about 4% cheaper than Panama City, and outside of rent the biggest gap is in eating out.

Both Summerside, PE and Panama City sit above the global median – Summerside, PE by 31%, Panama City by 37%.

Meal at Budget Restaurant

$21.01 CA$29.86

$11.63 PAB 11.63

80.65%

Three-Course Dinner for Two, Mid-Range

$53.8 CA$76.4

$47.92 PAB 47.92

12.19%

Fast Food Meal (McDonalds, etc)

$10.22 CA$14.52

$7.96 PAB 7.96

28.39%

Cappuccino

$3.61 CA$5.13

$4.22 PAB 4.22

-14.45%

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

$1.61 CA$2.29

$2.01 PAB 2.01

-19.90%

Water (0.33 liter bottle)

$2.07 CA$2.94

$1.56 PAB 1.56

32.69%

Local Beer (0.5 liter draught)

$4.91 CA$6.98

$3.39 PAB 3.39

44.84%

Imported Beer (0.33 liter bottle)

$4.59 CA$6.52

$3.94 PAB 3.94

16.50%

Milk (1 liter)

$1.67 CA$2.37

$1.85 PAB 1.85

-9.73%

White Bread (500g)

$2.72 CA$3.87

$2.56 PAB 2.56

6.25%

Rice (white) (1kg)

$2.56 CA$3.63

$3.48 PAB 3.48

-26.44%

Eggs

$3.80 CA$5.40

$2.69 PAB 2.69

41.26%

Local Cheese (1kg)

$9.21 CA$13.09

$12.57 PAB 12.57

-26.73%

Chicken Fillets (1kg)

$8.72 CA$12.39

$6.83 PAB 6.83

27.67%

Beef Round Steak (1kg)

$9.25 CA$13.14

$10.58 PAB 10.58

-12.57%

Apples (1kg)

$4.56 CA$6.47

$4.18 PAB 4.18

9.09%

Banana (1kg)

$1.50 CA$2.13

$1.83 PAB 1.83

-18.03%

Oranges (1kg)

$3.46 CA$4.91

$4.20 PAB 4.20

-17.62%

Tomato (1kg)

$3.74 CA$5.32

$4.03 PAB 4.03

-7.20%

Potato (1kg)

$2.55 CA$3.62

$3.48 PAB 3.48

-26.72%

Onion (1kg)

$1.56 CA$2.21

$4.22 PAB 4.22

-63.03%

Lettuce (1 head)

$2.13 CA$3.02

$2.41 PAB 2.41

-11.62%

Water (1.5 liter bottle)

$1.63 CA$2.31

$1.69 PAB 1.69

-3.55%

Cigarettes 20 Pack (Marlboro, Camel)

$11.08 CA$15.75

$6.14 PAB 6.14

80.46%

Wine (Bottle)

$11.91 CA$16.93

$11.30 PAB 11.30

5.40%

Local Beer (0.5 liter bottle)

$4.16 CA$5.91

$1.42 PAB 1.42

192.96%

Imported Beer (0.33 liter bottle)

$3.58 CA$5.09

$2.73 PAB 2.73

31.14%

One-way Ticket (Public Transport)

$1.38 CA$1.97

$0.33 PAB 0.33

318.18%

Public Transport Monthly Pass (Regular Price)

$45.19 CA$64.2

$21.23 PAB 21.23

112.86%

Taxi Start (Normal Tariff)

$2.86 CA$4.06

$2.52 PAB 2.52

13.49%

Taxi (Normal Tariff) (1km)

$1.36 CA$1.93

$1.86 PAB 1.86

-26.88%

Taxi 1hour Waiting (Normal Tariff)

$21.19 CA$30.11

$21.78 PAB 21.78

-2.71%

Gasoline (1 liter)

$1.18 CA$1.68

$1.25 PAB 1.25

-5.60%

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

$26.0K CA$36.9K

$21.2K PAB 21.2K

22.22%

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

$18.8K CA$26.8K

$21.0K PAB 21.0K

-10.41%

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

$115 CA$163

$130 PAB 130

-11.63%

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

$66.0 CA$93.8

$28.13 PAB 28.13

134.66%

Internet (50+ Mbps, Unlimited Data)

$69.3 CA$98.4

$48.21 PAB 48.21

43.66%

Gym Membership (Monthly)

$30.81 CA$43.80

$45.78 PAB 45.78

-32.70%

Tennis Court (1 Hour on Weekend)

$10.67 CA$15.17

$34.92 PAB 34.92

-69.44%

Cinema Ticket

$10.09 CA$14.34

$8.67 PAB 8.67

16.38%

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

$582 CA$828

$544 PAB 544

6.99%

International Primary School, 1 Child (Yearly)

$1,652 CA$2,347

$9,697 PAB 9,697

-82.97%

Jeans (Levis 501 Or Similar)

$49.67 CA$70.6

$66.8 PAB 66.8

-25.59%

Summer Dress (H&M, Zara, etc)

$24.57 CA$34.92

$49.14 PAB 49.14

-50.00%

Sport Shoes (Adidas, Nike)

$66.4 CA$94.4

$93.9 PAB 93.9

-29.27%

Men's Leather Business Shoes

$65.2 CA$92.7

$112 PAB 112

-41.52%

1-bedroom Apartment, City Center (Monthly)

$926 CA$1,316

$1,257 PAB 1,257

-26.35%

1-bedroom Apartment, Outside City Center (Monthly)

$705 CA$1,002

$875 PAB 875

-19.38%

3-bedroom Apartment, City Center (Monthly)

$1,653 CA$2,350

$2,155 PAB 2,155

-23.30%

3-bedroom Apartment, Outside City Center (Monthly)

$1,030 CA$1,463

$1,564 PAB 1,564

-34.16%

Buy Apartment in City Center (m2)

$3,122 PAB 3,122

Buy Apartment Outside City Center (m2)

$1,114 CA$1,584

$1,709 PAB 1,709

-34.82%

Average Monthly Net Salary (After Tax)

$2,354 CA$3,346

$916 PAB 916

157.03%

20-Year Fixed Mortgage Interest Rate (Annual %)

4.77

6.39

-25.35%

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

Last update for Summerside, PE: October 10, 2026

Last update for Panama City: October 10, 2026

Monthly budget structure

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

Accommodation & Living

Summerside, PE

$705 39.8%

Panama City

$875 47.2% 24% $170

Groceries & Markets

Summerside, PE

$323 18.2%

Panama City

$325 17.5% 0.6% $2

Eating Out

Summerside, PE

$291 16.4%

Panama City

$207 11.1% 28.9% $84

Monthly Utilities & Internet

Summerside, PE

$250 14.1%

Panama City

$206 11.1% 17.5% $44

Clothing & Footwear

Summerside, PE

$93 5.2%

Panama City

$145 7.8% 56.1% $52

Getting Around

Summerside, PE

$60 3.4%

Panama City

$34 1.9% 43% $26

Sport & Entertainment

Summerside, PE

$51 2.9%

Panama City

$63 3.4% 23.8% $12

Cost Breakdown

A central one-bedroom costs $926 in Summerside, PE 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 157% higher in Summerside, PE, which reinforces the cost advantage – you earn more and spend less. Purchasing power leans clearly in its favor.

A mid-range dinner for two costs $54.0 in Summerside, PE versus $48.00 in Panama City. Groceries tell a different story – $323 in Summerside, PE vs $325 in Panama City – so Summerside, PE wins on supermarket bills even if dining out costs more.

Good to know

🇨🇦 Summerside, PE

🇵🇦 Panama City

🕒 Local time

22:31 10:31 PM

20:31 8:31 PM

2 h behind Summerside, PE

🌤 Weather

👥 Population

16,001

1,086,990 Capital

💱 Currency

Canadian Dollar CAD $

Panamanian Balboa PAB B/.

📈 Exchange rate

1 CAD = 0.704 USD

1 CAD = 0.628 EUR

1 PAB = 1 USD

1 PAB = 0.893 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 15, 2026: 1 USD = 1.42 CAD (1 CAD = 0.704 USD). 1 EUR = 1.59 CAD (1 CAD = 0.628 EUR).

Panamanian Balboa exchange rates as of October 15, 2026: 1 USD = 1 PAB (1 PAB = 1 USD). 1 EUR = 1.12 PAB (1 PAB = 0.893 EUR).

USD to CAD in detail →

On the map

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Summerside, PE Panama City 4,420 km ≈ 6 h nonstop flight

From you

Summerside, PE
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

Summerside, PE vs Panama City: Cost of Living - Frequently Asked Questions

Yes – Panama City is pricier by about 5%, and outside of rent the gap shows up most in eating out.

For a comfortable life, plan on about $2,660 per month in Summerside, PE 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 Summerside, PE, especially for central apartments. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

Groceries cost about 1% more in Panama City, 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 $54.0 in Summerside, PE and $48.00 in Panama City. That's a good indicator of the overall restaurant and café pricing gap between the two cities.

A $2,000 monthly budget goes further in Summerside, PE, where all-in costs run around $1,773, than in Panama City at $1,855. In Summerside, PE it covers expenses comfortably, while in Panama City it requires careful planning or may not stretch far enough.

Families tend to lean toward Summerside, PE – 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 Summerside, PE. If higher salaries, better infrastructure, or specific career opportunities are the priority, Panama City makes more sense. Both are solid long-term options with distinct trade-offs.