- Cost of Living
- Panama
- Canada
- Comparison
Cost of living in Panama compared to Canada
Currency:
| Food | - 11% | |||
|---|---|---|---|---|
| Food in Panama is 11% cheaper than in Canada | ||||
| Basic lunchtime menu (including a drink) in the business district | 12 B/. (C$16) | C$18 | - 8% | |
| Combo meal in fast food restaurant (Big Mac Meal or similar) | 6 B/. (C$9) | C$10 | - 13% | |
| 500 gr (1 lb.) of boneless chicken breast | 3.81 B/. (C$5.10) | C$7 | - 29% | |
| 1 liter (1 qt.) of whole fat milk | 1.62 B/. (C$2.16) | C$2.39 | - 10% | |
| 12 eggs, large | 2.92 B/. (C$3.91) | C$4.01 | - 3% | |
| 1 kg (2 lb.) of tomatoes | 3.20 B/. (C$4.29) | C$3.92 | + 9% | |
| 500 gr (16 oz.) of local cheese | 4.68 B/. (C$6) | C$10 | - 39% | |
| 1 kg (2 lb.) of apples | 4.51 B/. (C$6) | C$3.87 | + 56% | |
| 1 kg (2 lb.) of potatoes | 2.00 B/. (C$2.68) | C$2.37 | + 13% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 0.87 B/. (C$1.16) | C$3.49 | - 67% | |
| 1 bottle of red table wine, good quality | 9 B/. (C$12) | C$18 | - 36% | |
| 2 liters of Coca-Cola | 2.23 B/. (C$2.99) | C$2.41 | + 24% | |
| Bread for 2 people for 1 day | 1.62 B/. (C$2.17) | C$2.21 | - 2% | |
| Housing | - 15% | |||
| Housing in Panama is 15% cheaper than in Canada | ||||
| Monthly rent for 85 m2 (900 Sqft) furnished accommodation in EXPENSIVE area | 1,595 B/. (C$2,136) | C$2,092 | + 2% | |
| Monthly rent for 85 m2 (900 Sqft) furnished accommodation in NORMAL area | 1,004 B/. (C$1,343) | C$1,639 | - 18% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 147 B/. (C$196) | C$153 | + 29% | |
| Monthly rent for a 45 m2 (480 Sqft) furnished studio in EXPENSIVE area | 988 B/. (C$1,322) | C$1,608 | - 18% | |
| Monthly rent for a 45 m2 (480 Sqft) furnished studio in NORMAL area | 587 B/. (C$786) | C$1,180 | - 33% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 Sqft) studio | 108 B/. (C$145) | C$102 | + 42% | |
| Internet 8 Mbps (1 month) | 31 B/. (C$41) | C$53 | - 22% | |
| 40” flat screen TV | 350 B/. (C$469) | C$462 | + 2% | |
| Microwave 800/900 Watt (Bosch, Panasonic, LG, Sharp, or equivalent brands) | 95 B/. (C$127) | C$155 | - 18% | |
| Laundry detergent (3 l. ~ 100 oz.) | 9 B/. (C$13) | C$12 | + 5% | |
| Hourly rate for cleaning help | 4.18 B/. (C$5.60) | C$24 | - 76% | |
| Clothes | - 2% | |||
| Clothes in Panama is 2% cheaper than in Canada | ||||
| 1 pair of jeans (Levis 501 or similar) | 67 B/. (C$90) | C$72 | + 25% | |
| 1 summer dress in a High Street Store (Zara, H&M or similar retailers) | 39 B/. (C$52) | C$58 | - 10% | |
| 1 pair of sport shoes (Nike, Adidas, or equivalent brands) | 82 B/. (C$110) | C$114 | - 4% | |
| 1 pair of men’s leather business shoes | 97 B/. (C$130) | C$135 | - 4% | |
| Transportation | - 38% | |||
| Transportation in Panama is 38% cheaper than in Canada | ||||
| Volkswagen Golf 1.4 TSI 150 CV (or equivalent), with no extras, new | 20,119 B/. (C$26,934) | C$22,916 | + 18% | |
| 1 liter (1/4 gallon) of gas | 0.80 B/. (C$1.07) | C$1.31 | - 18% | |
| Monthly ticket public transport | 36 B/. (C$49) | C$110 | - 56% | |
| Personal Care | + 13% | |||
| Personal Care in Panama is 13% more expensive than in Canada | ||||
| Cold medicine for 6 days (Tylenol, Frenadol, Coldrex, or equivalent brands) | 5.19 B/. (C$7) | C$10 | - 30% | |
| 1 box of antibiotics (12 doses) | 28 B/. (C$38) | C$21 | + 85% | |
| Short visit to private Doctor (15 minutes) | 41 B/. (C$54) | C$96 | - 43% | |
| 1 box of 32 tampons (Tampax, OB, ...) | 8 B/. (C$11) | C$8 | + 31% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 5.51 B/. (C$7) | C$4.80 | + 54% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 5.59 B/. (C$7) | C$5.50 | + 36% | |
| 4 rolls of toilet paper | 3.28 B/. (C$4.39) | C$2.87 | + 53% | |
| Tube of toothpaste | 2.86 B/. (C$3.83) | C$2.67 | + 44% | |
| Standard men's haircut in expat area of the city | 13 B/. (C$17) | C$25 | - 30% | |
| Entertainment | + 3% | |||
| Entertainment in Panama is 3% more expensive than in Canada | ||||
| Basic dinner out for two in neighborhood pub | 50 B/. (C$67) | C$54 | + 24% | |
| 2 tickets to the movies | 12 B/. (C$16) | C$27 | - 42% | |
| 2 tickets to the theater (best available seats) | 104 B/. (C$139) | C$145 | - 5% | |
| Dinner for two at an Italian restaurant in the expat area including appetisers, main course, wine and dessert | 71 B/. (C$95) | C$97 | - 2% | |
| 1 cocktail drink in downtown club | 9 B/. (C$12) | C$11 | + 6% | |
| Cappuccino in expat area of the city | 4.03 B/. (C$5.39) | C$5.00 | + 8% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 4.06 B/. (C$5.44) | C$7 | - 23% | |
| iPad Wi-Fi 128GB | 586 B/. (C$784) | C$599 | + 31% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | - | C$0.44 | - | |
| 1 month of gym membership in business district | 58 B/. (C$77) | C$61 | + 26% | |
| 1 package of Marlboro cigarettes | 5.30 B/. (C$7) | C$14 | - 49% | |
| TOTAL | - 15% | |||
These prices were last updated on December 16, 2018.
Exchange rate:
1.339
CAD
/
PAB
This comparison is based on abundant and consistent data. It is based on 21,634 prices entered by 3,723 different people.
Cost of living in Panama is 15% cheaper than in Canada
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