Last update: Nov 2026

Cost of Living Comparison Between Vancouver and Panama

Name: Panama
Address: PA

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.

128

Cost of Living Index in Vancouver
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Vancouver Living Index
79

Cost of Living Index in Panama
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Panama Living Index

Jump to prices

Vancouver

🇨🇦 Canada

$2,683

/mo nomad

🇵🇦 Panama

$1,643

/mo nomad

😐 Solo nomad: Vancouver is 37.7% more expensive than Panama without rent, and 63.2% more expensive with rent.

😐 Family of 3: Vancouver is 39.1% more expensive than Panama without rent, and 55.2% more expensive with rent.

Meal at Budget Restaurant

$18.10 CA$25.45

$7.85 PAB 7.85

130.57%

Three-Course Dinner for Two, Mid-Range

$71.0 CA$99.8

$45.17 PAB 45.17

57.14%

Fast Food Meal (McDonalds, etc)

$10.57 CA$14.86

$8.06 PAB 8.06

31.14%

Cappuccino

$3.97 CA$5.58

$3.93 PAB 3.93

1.02%

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

$2.07 CA$2.91

$1.64 PAB 1.64

26.22%

Water (0.33 liter bottle)

$1.85 CA$2.60

$1.34 PAB 1.34

38.06%

Local Beer (0.5 liter draught)

$5.67 CA$7.97

$2.21 PAB 2.21

156.56%

Imported Beer (0.33 liter bottle)

$6.61 CA$9.30

$3.89 PAB 3.89

69.92%

Milk (1 liter)

$2.16 CA$3.03

$1.81 PAB 1.81

19.34%

White Bread (500g)

$2.58 CA$3.63

$2.42 PAB 2.42

6.61%

Rice (white) (1kg)

$4.30 CA$6.04

$2.99 PAB 2.99

43.81%

Eggs

$4.09 CA$5.76

$2.47 PAB 2.47

65.59%

Local Cheese (1kg)

$12.12 CA$17.04

$12.34 PAB 12.34

-1.78%

Chicken Fillets (1kg)

$13.28 CA$18.68

$6.93 PAB 6.93

91.63%

Beef Round Steak (1kg)

$20.11 CA$28.28

$10.28 PAB 10.28

95.62%

Apples (1kg)

$3.96 CA$5.58

$4.16 PAB 4.16

-4.81%

Banana (1kg)

$1.43 CA$2.01

$1.55 PAB 1.55

-7.74%

Oranges (1kg)

$3.71 CA$5.21

$3.66 PAB 3.66

1.37%

Tomato (1kg)

$3.92 CA$5.52

$3.76 PAB 3.76

4.26%

Potato (1kg)

$2.87 CA$4.03

$2.56 PAB 2.56

12.11%

Onion (1kg)

$2.98 CA$4.19

$3.25 PAB 3.25

-8.31%

Lettuce (1 head)

$2.61 CA$3.68

$2.24 PAB 2.24

16.52%

Water (1.5 liter bottle)

$1.63 CA$2.30

$1.66 PAB 1.66

-1.81%

Cigarettes 20 Pack (Marlboro, Camel)

$15.94 CA$22.42

$6.04 PAB 6.04

163.91%

Wine (Bottle)

$14.25 CA$20.04

$10.14 PAB 10.14

40.53%

Local Beer (0.5 liter bottle)

$2.52 CA$3.55

$1.41 PAB 1.41

78.72%

Imported Beer (0.33 liter bottle)

$2.87 CA$4.04

$2.35 PAB 2.35

22.13%

One-way Ticket (Public Transport)

$2.57 CA$3.61

$0.38 PAB 0.38

576.32%

Public Transport Monthly Pass (Regular Price)

$84.4 CA$119

$21.35 PAB 21.35

295.13%

Taxi Start (Normal Tariff)

$2.74 CA$3.86

$2.56 PAB 2.56

7.03%

Taxi (Normal Tariff) (1km)

$1.63 CA$2.29

$1.79 PAB 1.79

-8.94%

Taxi 1hour Waiting (Normal Tariff)

$31.90 CA$44.86

$21.97 PAB 21.97

45.20%

Gasoline (1 liter)

$1.46 CA$2.05

$1.18 PAB 1.18

23.73%

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

$26.7K CA$37.6K

$25.9K PAB 25.9K

3.19%

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

$21.0K CA$29.6K

$22.3K PAB 22.3K

-5.83%

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

$88.2 CA$124

$119 PAB 119

-25.65%

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

$36.72 CA$51.6

$26.61 PAB 26.61

37.99%

Internet (50+ Mbps, Unlimited Data)

$49.81 CA$70.1

$46.95 PAB 46.95

6.09%

Gym Membership (Monthly)

$45.34 CA$63.8

$48.46 PAB 48.46

-6.44%

Tennis Court (1 Hour on Weekend)

$12.13 CA$17.06

$30.25 PAB 30.25

-59.90%

Cinema Ticket

$12.55 CA$17.65

$8.02 PAB 8.02

56.48%

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

$1,055 CA$1,484

$539 PAB 539

95.99%

International Primary School, 1 Child (Yearly)

$28.5K CA$40.1K

$19.5K PAB 19.5K

46.35%

Jeans (Levis 501 Or Similar)

$56.4 CA$79.3

$53.6 PAB 53.6

5.30%

Summer Dress (H&M, Zara, etc)

$34.37 CA$48.34

$44.47 PAB 44.47

-22.71%

Sport Shoes (Adidas, Nike)

$89.8 CA$126

$90.0 PAB 90.0

-0.14%

Men's Leather Business Shoes

$94.3 CA$133

$104 PAB 104

-9.09%

1-bedroom Apartment, City Center (Monthly)

$1,738 CA$2,444

$996 PAB 996

74.43%

1-bedroom Apartment, Outside City Center (Monthly)

$1,528 CA$2,150

$751 PAB 751

103.56%

3-bedroom Apartment, City Center (Monthly)

$3,107 CA$4,369

$1,770 PAB 1,770

75.52%

3-bedroom Apartment, Outside City Center (Monthly)

$2,547 CA$3,582

$1,384 PAB 1,384

84.04%

Buy Apartment in City Center (m2)

$8,540 CA$12.0K

$3,003 PAB 3,003

184.41%

Buy Apartment Outside City Center (m2)

$6,328 CA$8,899

$1,708 PAB 1,708

270.50%

Average Monthly Net Salary (After Tax)

$3,770 CA$5,302

$818 PAB 818

360.91%

20-Year Fixed Mortgage Interest Rate (Annual %)

4.24

6.37

-33.44%

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

Last update for Vancouver: November 2, 2026

Last update for Panama: November 3, 2026

Monthly budget structure

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

Accommodation & Living

Vancouver

$1.5K 57%

Panama

$751 45.7% 50.9% $778

Groceries & Markets

Vancouver

$398 14.9%

Panama

$305 18.6% 23.4% $93

Eating Out

Vancouver

$281 10.5%

Panama

$165 10% 41.4% $116

Monthly Utilities & Internet

Vancouver

$175 6.5%

Panama

$192 11.7% 10% $17

Clothing & Footwear

Vancouver

$124 4.6%

Panama

$131 8% 6.1% $7.6

Getting Around

Vancouver

$106 3.9%

Panama

$34 2.1% 67.4% $71

Sport & Entertainment

Vancouver

$70 2.6%

Panama

$65 3.9% 8.4% $5.9

Good to know

🇨🇦 Vancouver

🇵🇦 Panama

🕒 Local time

10:11 10:11 AM

12:11 12:11 PM

2 h ahead of Vancouver

🌤 Weather

👥 Population

631,486

4,098,587

💱 Currency

Canadian Dollar CAD $

Panamanian Balboa PAB B/.

📈 Exchange rate

1 CAD = 0.711 USD

1 CAD = 0.633 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 November 6, 2026: 1 USD = 1.41 CAD (1 CAD = 0.711 USD). 1 EUR = 1.58 CAD (1 CAD = 0.633 EUR).

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).

USD to CAD in detail →

On the map

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Between locations

Vancouver Panama 6,030 km ≈ 8 h nonstop flight

From you

Vancouver
Panama

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

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