Last update: Oct 2026

Cost of Living Comparison Between Whitehorse and Panama City

For one person, living is cheaper in Panama City: $1,855 a month against $2,784 in Whitehorse, rent and utilities included – about $11,100 less a year. Rent and utilities account for most of the difference.

134

Cost of Living Index in Whitehorse
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Whitehorse Living Index
90

Cost of Living Index in Panama City
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Panama City Living Index

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Whitehorse

🇨🇦 Canada

$2,784

/mo nomad

Panama City

🇵🇦 Panama

$1,855

/mo nomad

Monthly Cost of Living

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

A single person spends $2,784 per month in Whitehorse vs $1,855 in Panama City, rent included.

Whitehorse $2,784
Panama City $1,855

A couple spends around $4,112 per month in Whitehorse vs $2,804 in Panama City, rent included.

Whitehorse $4,112
Panama City $2,804

A family of three spends $5,441 per month in Whitehorse vs $3,753 in Panama City, rent included.

Whitehorse $5,441
Panama City $3,753

Whitehorse costs about 50% more than Panama City, and outside of rent the biggest gap is in eating out.

Both Whitehorse and Panama City sit above the global median – Whitehorse by 106%, Panama City by 37%.

Meal at Budget Restaurant

$35.69 CA$50.5

$11.63 PAB 11.63

206.88%

Three-Course Dinner for Two, Mid-Range

$111 CA$156

$47.92 PAB 47.92

130.84%

Fast Food Meal (McDonalds, etc)

$10.81 CA$15.28

$7.96 PAB 7.96

35.80%

Cappuccino

$4.37 CA$6.17

$4.22 PAB 4.22

3.55%

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

$2.39 CA$3.38

$2.01 PAB 2.01

18.91%

Water (0.33 liter bottle)

$1.86 CA$2.62

$1.56 PAB 1.56

19.23%

Local Beer (0.5 liter draught)

$4.15 CA$5.87

$3.39 PAB 3.39

22.42%

Imported Beer (0.33 liter bottle)

$4.92 CA$6.95

$3.94 PAB 3.94

24.87%

Milk (1 liter)

$2.37 CA$3.36

$1.85 PAB 1.85

28.11%

White Bread (500g)

$2.40 CA$3.39

$2.56 PAB 2.56

-6.25%

Rice (white) (1kg)

$3.61 CA$5.10

$3.48 PAB 3.48

3.74%

Eggs

$3.82 CA$5.40

$2.69 PAB 2.69

42.01%

Local Cheese (1kg)

$9.98 CA$14.11

$12.57 PAB 12.57

-20.60%

Chicken Fillets (1kg)

$15.57 CA$22.02

$6.83 PAB 6.83

127.96%

Beef Round Steak (1kg)

$14.65 CA$20.71

$10.58 PAB 10.58

38.47%

Apples (1kg)

$4.24 CA$5.99

$4.18 PAB 4.18

1.44%

Banana (1kg)

$1.91 CA$2.71

$1.83 PAB 1.83

4.37%

Oranges (1kg)

$3.68 CA$5.21

$4.20 PAB 4.20

-12.38%

Tomato (1kg)

$3.85 CA$5.45

$4.03 PAB 4.03

-4.47%

Potato (1kg)

$2.54 CA$3.59

$3.48 PAB 3.48

-27.01%

Onion (1kg)

$2.06 CA$2.92

$4.22 PAB 4.22

-51.18%

Lettuce (1 head)

$3.04 CA$4.30

$2.41 PAB 2.41

26.14%

Water (1.5 liter bottle)

$1.82 CA$2.57

$1.69 PAB 1.69

7.69%

Cigarettes 20 Pack (Marlboro, Camel)

$18.86 CA$26.66

$6.14 PAB 6.14

207.17%

Wine (Bottle)

$17.41 CA$24.61

$11.30 PAB 11.30

54.07%

Local Beer (0.5 liter bottle)

$4.24 CA$5.99

$1.42 PAB 1.42

198.59%

Imported Beer (0.33 liter bottle)

$3.83 CA$5.42

$2.73 PAB 2.73

40.29%

One-way Ticket (Public Transport)

$1.79 CA$2.53

$0.33 PAB 0.33

442.42%

Public Transport Monthly Pass (Regular Price)

$43.19 CA$61.1

$21.23 PAB 21.23

103.44%

Taxi Start (Normal Tariff)

$3.26 CA$4.61

$2.52 PAB 2.52

29.37%

Taxi (Normal Tariff) (1km)

$2.25 CA$3.18

$1.86 PAB 1.86

20.97%

Taxi 1hour Waiting (Normal Tariff)

$22.15 CA$31.31

$21.78 PAB 21.78

1.70%

Gasoline (1 liter)

$1.24 CA$1.75

$1.25 PAB 1.25

-0.80%

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

$27.5K CA$38.9K

$21.2K PAB 21.2K

29.47%

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

$17.8K CA$25.2K

$21.0K PAB 21.0K

-15.27%

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

$243 CA$344

$130 PAB 130

87.27%

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

$44.78 CA$63.3

$28.13 PAB 28.13

59.19%

Internet (50+ Mbps, Unlimited Data)

$95.1 CA$134

$48.21 PAB 48.21

97.20%

Gym Membership (Monthly)

$50.9 CA$72.0

$45.78 PAB 45.78

11.25%

Tennis Court (1 Hour on Weekend)

$17.66 CA$24.97

$34.92 PAB 34.92

-49.43%

Cinema Ticket

$11.03 CA$15.59

$8.67 PAB 8.67

27.22%

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

$586 CA$829

$544 PAB 544

7.76%

International Primary School, 1 Child (Yearly)

$14.1K CA$19.9K

$9,697 PAB 9,697

44.95%

Jeans (Levis 501 Or Similar)

$53.3 CA$75.3

$66.8 PAB 66.8

-20.16%

Summer Dress (H&M, Zara, etc)

$39.04 CA$55.2

$49.14 PAB 49.14

-20.55%

Sport Shoes (Adidas, Nike)

$83.2 CA$118

$93.9 PAB 93.9

-11.40%

Men's Leather Business Shoes

$101 CA$143

$112 PAB 112

-9.22%

1-bedroom Apartment, City Center (Monthly)

$1,445 CA$2,042

$1,257 PAB 1,257

14.92%

1-bedroom Apartment, Outside City Center (Monthly)

$1,315 CA$1,860

$875 PAB 875

50.34%

3-bedroom Apartment, City Center (Monthly)

$2,271 CA$3,210

$2,155 PAB 2,155

5.37%

3-bedroom Apartment, Outside City Center (Monthly)

$2,094 CA$2,960

$1,564 PAB 1,564

33.91%

Buy Apartment in City Center (m2)

$5,617 CA$7,941

$3,122 PAB 3,122

79.91%

Buy Apartment Outside City Center (m2)

$3,010 CA$4,255

$1,709 PAB 1,709

76.10%

Average Monthly Net Salary (After Tax)

$3,564 CA$5,039

$916 PAB 916

289.16%

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 Whitehorse: 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

Whitehorse

$1.3K 47.3%

Panama City

$875 47.2% 33.5% $440

Eating Out

Whitehorse

$418 15%

Panama City

$207 11.1% 50.6% $211

Groceries & Markets

Whitehorse

$405 14.6%

Panama City

$325 17.5% 19.8% $80

Monthly Utilities & Internet

Whitehorse

$383 13.8%

Panama City

$206 11.1% 46.2% $177

Clothing & Footwear

Whitehorse

$125 4.5%

Panama City

$145 7.8% 16.1% $20

Sport & Entertainment

Whitehorse

$73 2.6%

Panama City

$63 3.4% 13.5% $9.9

Getting Around

Whitehorse

$65 2.3%

Panama City

$34 1.9% 47% $30

Cost Breakdown

A central one-bedroom costs $1,445 in Whitehorse 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 289% higher in Whitehorse, 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 $111 in Whitehorse versus $48.00 in Panama City. Monthly groceries follow the same trend: $405 vs $325 – making Panama City the more affordable choice for daily food spending.

Good to know

🇨🇦 Whitehorse

🇵🇦 Panama City

🕒 Local time

10:17 10:17 AM

12:17 12:17 PM

2 h ahead of Whitehorse

🌤 Weather

👥 Population

27,889

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

Whitehorse Panama City 7,320 km ≈ 10 h nonstop flight

From you

Whitehorse
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

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

Yes – Whitehorse is pricier by about 50%, and outside of rent the gap shows up most in eating out.

For a comfortable life, plan on about $4,176 per month in Whitehorse 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 25% more in Whitehorse, 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 $111 in Whitehorse 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 Whitehorse at $2,784. In Panama City it covers expenses comfortably, while in Whitehorse 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, Whitehorse makes more sense. Both are solid long-term options with distinct trade-offs.