Last update: Oct 2026

Cost of Living Comparison Between Yarmouth and Panama City

For one person, living is cheaper in Panama City: $1,855 a month against $2,171 in Yarmouth, rent and utilities included – about $3,800 less a year. Rent and utilities account for most of the difference.

105

Cost of Living Index in Yarmouth
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Yarmouth Living Index
90

Cost of Living Index in Panama City
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Panama City Living Index

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Yarmouth

🇨🇦 Canada

$2,171

/mo nomad

Panama City

🇵🇦 Panama

$1,855

/mo nomad

Monthly Cost of Living

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

A single person spends $2,171 per month in Yarmouth vs $1,855 in Panama City, rent included.

Yarmouth $2,171
Panama City $1,855

A couple spends around $2,914 per month in Yarmouth vs $2,804 in Panama City, rent included.

Yarmouth $2,914
Panama City $2,804

A family of three spends $3,658 per month in Yarmouth vs $3,753 in Panama City, rent included.

Yarmouth $3,658
Panama City $3,753

Yarmouth costs about 17% more than Panama City, and outside of rent the biggest gap is in eating out.

Both Yarmouth and Panama City sit above the global median – Yarmouth by 61%, Panama City by 37%.

Meal at Budget Restaurant

$17.24 CA$24.52

$11.63 PAB 11.63

48.24%

Three-Course Dinner for Two, Mid-Range

$64.2 CA$91.2

$47.92 PAB 47.92

33.91%

Fast Food Meal (McDonalds, etc)

$10.49 CA$14.91

$7.96 PAB 7.96

31.78%

Cappuccino

$4.08 CA$5.80

$4.22 PAB 4.22

-3.32%

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

$2.20 CA$3.12

$2.01 PAB 2.01

9.45%

Water (0.33 liter bottle)

$1.72 CA$2.45

$1.56 PAB 1.56

10.26%

Local Beer (0.5 liter draught)

$5.59 CA$7.95

$3.39 PAB 3.39

64.90%

Imported Beer (0.33 liter bottle)

$5.62 CA$7.99

$3.94 PAB 3.94

42.64%

Milk (1 liter)

$1.80 CA$2.56

$1.85 PAB 1.85

-2.70%

White Bread (500g)

$2.43 CA$3.45

$2.56 PAB 2.56

-5.08%

Rice (white) (1kg)

$3.47 CA$4.93

$3.48 PAB 3.48

-0.29%

Eggs

$3.47 CA$4.93

$2.69 PAB 2.69

29.00%

Local Cheese (1kg)

$8.84 CA$12.56

$12.57 PAB 12.57

-29.67%

Chicken Fillets (1kg)

$11.16 CA$15.87

$6.83 PAB 6.83

63.40%

Beef Round Steak (1kg)

$7.32 CA$10.40

$10.58 PAB 10.58

-30.81%

Apples (1kg)

$3.15 CA$4.48

$4.18 PAB 4.18

-24.64%

Banana (1kg)

$1.70 CA$2.41

$1.83 PAB 1.83

-7.10%

Oranges (1kg)

$3.48 CA$4.95

$4.20 PAB 4.20

-17.14%

Tomato (1kg)

$2.65 CA$3.77

$4.03 PAB 4.03

-34.24%

Potato (1kg)

$2.33 CA$3.31

$3.48 PAB 3.48

-33.05%

Onion (1kg)

$1.73 CA$2.46

$4.22 PAB 4.22

-59.00%

Lettuce (1 head)

$2.55 CA$3.63

$2.41 PAB 2.41

5.81%

Water (1.5 liter bottle)

$1.66 CA$2.36

$1.69 PAB 1.69

-1.78%

Cigarettes 20 Pack (Marlboro, Camel)

$15.14 CA$21.52

$6.14 PAB 6.14

146.58%

Wine (Bottle)

$16.32 CA$23.20

$11.30 PAB 11.30

44.42%

Local Beer (0.5 liter bottle)

$3.46 CA$4.92

$1.42 PAB 1.42

143.66%

Imported Beer (0.33 liter bottle)

$3.37 CA$4.79

$2.73 PAB 2.73

23.44%

One-way Ticket (Public Transport)

$1.56 CA$2.22

$0.33 PAB 0.33

372.73%

Public Transport Monthly Pass (Regular Price)

$46.58 CA$66.2

$21.23 PAB 21.23

119.41%

Taxi Start (Normal Tariff)

$3.22 CA$4.59

$2.52 PAB 2.52

27.78%

Taxi (Normal Tariff) (1km)

$1.22 CA$1.73

$1.86 PAB 1.86

-34.41%

Taxi 1hour Waiting (Normal Tariff)

$14.82 CA$21.07

$21.78 PAB 21.78

-31.96%

Gasoline (1 liter)

$1.22 CA$1.73

$1.25 PAB 1.25

-2.40%

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

$25.0K CA$35.5K

$21.2K PAB 21.2K

17.53%

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

$21.4K CA$30.4K

$21.0K PAB 21.0K

1.87%

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

$144 CA$204

$130 PAB 130

10.64%

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

$42.00 CA$59.7

$28.13 PAB 28.13

49.31%

Internet (50+ Mbps, Unlimited Data)

$66.8 CA$95.0

$48.21 PAB 48.21

38.54%

Gym Membership (Monthly)

$56.8 CA$80.8

$45.78 PAB 45.78

24.16%

Tennis Court (1 Hour on Weekend)

$14.53 CA$20.65

$34.92 PAB 34.92

-58.39%

Cinema Ticket

$9.84 CA$13.99

$8.67 PAB 8.67

13.49%

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

$860 CA$1,222

$544 PAB 544

57.94%

International Primary School, 1 Child (Yearly)

$15.0K CA$21.3K

$9,697 PAB 9,697

54.24%

Jeans (Levis 501 Or Similar)

$43.75 CA$62.2

$66.8 PAB 66.8

-34.46%

Summer Dress (H&M, Zara, etc)

$32.25 CA$45.85

$49.14 PAB 49.14

-34.37%

Sport Shoes (Adidas, Nike)

$95.6 CA$136

$93.9 PAB 93.9

1.81%

Men's Leather Business Shoes

$115 CA$163

$112 PAB 112

2.81%

1-bedroom Apartment, City Center (Monthly)

$1,133 CA$1,611

$1,257 PAB 1,257

-9.87%

1-bedroom Apartment, Outside City Center (Monthly)

$1,053 CA$1,497

$875 PAB 875

20.33%

3-bedroom Apartment, City Center (Monthly)

$1,917 CA$2,725

$2,155 PAB 2,155

-11.07%

3-bedroom Apartment, Outside City Center (Monthly)

$1,191 CA$1,693

$1,564 PAB 1,564

-23.84%

Buy Apartment in City Center (m2)

$1,406 CA$1,999

$3,122 PAB 3,122

-54.97%

Buy Apartment Outside City Center (m2)

$1,269 CA$1,804

$1,709 PAB 1,709

-25.77%

Average Monthly Net Salary (After Tax)

$2,644 CA$3,759

$916 PAB 916

188.65%

20-Year Fixed Mortgage Interest Rate (Annual %)

4.95

6.39

-22.54%

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

Last update for Yarmouth: October 12, 2026

Last update for Panama City: October 10, 2026

Monthly budget structure

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

Accommodation & Living

Yarmouth

$1.1K 48.5%

Panama City

$875 47.2% 16.9% $178

Groceries & Markets

Yarmouth

$325 15%

Panama City

$325 17.5% 0.2% $0.5

Eating Out

Yarmouth

$273 12.6%

Panama City

$207 11.1% 24.4% $67

Monthly Utilities & Internet

Yarmouth

$252 11.6%

Panama City

$206 11.1% 18.3% $46

Clothing & Footwear

Yarmouth

$129 5.9%

Panama City

$145 7.8% 12.2% $16

Sport & Entertainment

Yarmouth

$77 3.5%

Panama City

$63 3.4% 17.5% $13

Getting Around

Yarmouth

$62 2.9%

Panama City

$34 1.9% 44.6% $28

Cost Breakdown

A central one-bedroom costs $1,133 in Yarmouth 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 189% higher in Yarmouth, 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 $64.0 in Yarmouth versus $48.00 in Panama City. Groceries tell a different story – $325 in Yarmouth vs $325 in Panama City – so Yarmouth wins on supermarket bills even if dining out costs more.

Good to know

🇨🇦 Yarmouth

🇵🇦 Panama City

🕒 Local time

23:24 11:24 PM

21:24 9:24 PM

2 h behind Yarmouth

🌤 Weather

👥 Population

6,500

1,086,990 Capital

💱 Currency

Canadian Dollar CAD $

Panamanian Balboa PAB B/.

📈 Exchange rate

1 CAD = 0.703 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 = 0.703 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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Highest

Between locations

Yarmouth Panama City 4,090 km ≈ 6 h nonstop flight

From you

Yarmouth
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

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

Yes – Yarmouth is pricier by about 17%, and outside of rent the gap shows up most in eating out.

For a comfortable life, plan on about $3,256 per month in Yarmouth 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.

Interestingly, groceries are about 0% cheaper in Yarmouth – one category where the pricier city actually offers better value, probably thanks to stronger retail competition or local farming.

A mid-range dinner for two costs $64.0 in Yarmouth 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 Yarmouth at $2,171. In Panama City it covers expenses comfortably, while in Yarmouth 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, Yarmouth makes more sense. Both are solid long-term options with distinct trade-offs.