Cost of living in Panama City, Panama vs Charlottetown, Prince Edward Island, Canada
Currency:
| Food | - 23% | |||
|---|---|---|---|---|
| Food in Panama City (Panama) is 23% cheaper than in Charlottetown, Prince Edward Island (Canada) | ||||
| Basic lunchtime menu (including a drink) in the business district | 13 B/. (C$16) | C$20 | - 18% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 7 B/. (C$9) | C$11 | - 14% | |
| 500 gr (1 lb.) of boneless chicken breast | 3.07 B/. (C$3.87) | C$7 | - 42% | |
| 1 liter (1 qt.) of whole fat milk | 1.47 B/. (C$1.85) | C$2.54 | - 27% | |
| 12 eggs, large | 2.81 B/. (C$3.54) | C$3.95 | - 10% | |
| 1 kg (2 lb.) of tomatoes | 2.71 B/. (C$3.42) | C$4.50 | - 24% | |
| 500 gr (16 oz.) of local cheese | 6 B/. (C$8) | C$11 | - 28% | |
| 1 kg (2 lb.) of apples | 3.22 B/. (C$4.07) | C$3.70 | + 10% | |
| 1 kg (2 lb.) of potatoes | 2.00 B/. (C$2.52) | C$1.89 | + 34% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 1.04 B/. (C$1.31) | C$4.03 | - 68% | |
| 1 bottle of red table wine, good quality | 10 B/. (C$12) | C$18 | - 33% | |
| 2 liters of coca-cola | 2.22 B/. (C$2.80) | C$2.41 | + 16% | |
| Bread for 2 people for 1 day | 1.61 B/. (C$2.03) | C$2.59 | - 22% | |
| Housing | - 14% | |||
| Housing in Panama City (Panama) is 14% cheaper than in Charlottetown, Prince Edward Island (Canada) | ||||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 1,383 B/. (C$1,746) | C$1,585 | + 10% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 919 B/. (C$1,160) | C$1,071 | + 8% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 109 B/. (C$137) | C$229 | - 40% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 905 B/. (C$1,143) | C$1,130 | + 1% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 629 B/. (C$794) | C$843 | - 6% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 96 B/. (C$121) | C$156 | - 22% | |
| Internet 8 mbps (1 month) | 40 B/. (C$51) | C$79 | - 36% | |
| 40” flat screen tv | 387 B/. (C$488) | C$377 | + 29% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 121 B/. (C$153) | C$156 | - 2% | |
| Laundry detergent (3 l. ~ 100 oz.) | 6 B/. (C$8) | C$9 | - 9% | |
| Hourly rate for cleaning help | 5.99 B/. (C$8) | C$18 | - 57% | |
| Clothes | - 25% | |||
| Clothes in Panama City (Panama) is 25% cheaper than in Charlottetown, Prince Edward Island (Canada) | ||||
| 1 pair of jeans (levis 501 or similar) | 48 B/. (C$60) | C$72 | - 16% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 34 B/. (C$43) | C$60 | - 28% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 70 B/. (C$89) | C$118 | - 25% | |
| 1 pair of men’s leather business shoes | 80 B/. (C$101) | C$124 | - 19% | |
| Transportation | - 25% | |||
| Transportation in Panama City (Panama) is 25% cheaper than in Charlottetown, Prince Edward Island (Canada) | ||||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 19,059 B/. (C$24,060) | C$26,886 | - 11% | |
| 1 liter (1/4 gallon) of gas | 0.67 B/. (C$0.85) | C$1.22 | - 31% | |
| Monthly ticket public transport | 37 B/. (C$46) | C$63 | - 27% | |
| Taxi trip on a business day, basic tariff, 8 km. (5 miles) | 12 B/. (C$15) | C$26 | - 40% | |
| Personal Care | + 4% | |||
| Personal Care in Panama City (Panama) is about the same as in Charlottetown, Prince Edward Island (Canada) | ||||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 9 B/. (C$11) | C$9 | + 20% | |
| 1 box of antibiotics (12 doses) | 23 B/. (C$29) | C$21 | + 36% | |
| Short visit to private doctor (15 minutes) | 42 B/. (C$52) | C$75 | - 30% | |
| 1 box of 32 tampons (tampax, ob, ...) | 4.39 B/. (C$5.54) | C$7 | - 24% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 3.60 B/. (C$4.55) | C$4.96 | - 8% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 5.71 B/. (C$7) | C$5.31 | + 36% | |
| 4 rolls of toilet paper | 2.20 B/. (C$2.78) | C$2.57 | + 8% | |
| Tube of toothpaste | 2.57 B/. (C$3.24) | C$2.73 | + 19% | |
| Standard men's haircut in expat area of the city | 15 B/. (C$19) | C$19 | - 1% | |
| Entertainment | - 13% | |||
| Entertainment in Panama City (Panama) is 13% cheaper than in Charlottetown, Prince Edward Island (Canada) | ||||
| Basic dinner out for two in neighborhood pub | 32 B/. (C$41) | C$47 | - 13% | |
| 2 tickets to the movies | 12 B/. (C$15) | C$27 | - 44% | |
| 2 tickets to the theater (best available seats) | 45 B/. (C$57) | C$131 | - 57% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 55 B/. (C$69) | C$91 | - 24% | |
| 1 cocktail drink in downtown club | 10 B/. (C$12) | C$8 | + 53% | |
| Cappuccino in expat area of the city | 4.84 B/. (C$6) | C$4.59 | + 33% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 3.83 B/. (C$4.84) | C$6 | - 22% | |
| Ipad wi-fi 128gb | 519 B/. (C$655) | C$757 | - 14% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 0.24 B/. (C$0.30) | C$0.17 | + 73% | |
| 1 month of gym membership in business district | 48 B/. (C$60) | C$66 | - 9% | |
| 1 package of marlboro cigarettes | 5.49 B/. (C$7) | C$15 | - 53% | |
| TOTAL | - 18% | |||
This comparison has some inconsistent or sparse data. It already provides a reliable comparison but it is not bullet-proof. It is based on 653 prices entered by 75 different people.
These prices were last updated on March 08, 2021.
Exchange rate:
1.262
CAD
/
PAB
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Cost of living in Panama City (Panama) is 18% cheaper than in Charlottetown, Prince Edward Island (Canada)
For example, to keep the same standard of living that would require C$5,200 in Charlottetown, Prince Edward Island you would need to make just about C$4,275 (3,387 B/.) in Panama City.
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