- Cost of Living
- Panama
- Canada
- Comparison
Cost of living in Panama compared to Canada
Currency:
| Food | - 25% | |||
|---|---|---|---|---|
| Food in Panama is 25% cheaper than in Canada | ||||
| Basic lunchtime menu (including a drink) in the business district | 9 B/. (C$12) | C$17 | - 34% | |
| Combo meal in fast food restaurant (Big Mac Meal or similar) | 6 B/. (C$8) | C$10 | - 18% | |
| 500 gr (1 lb.) of boneless chicken breast | 2.73 B/. (C$3.54) | C$7 | - 50% | |
| 1 liter (1 qt.) of whole fat milk | 1.58 B/. (C$2.04) | C$2.45 | - 16% | |
| 12 eggs, large | 2.42 B/. (C$3.14) | C$4.10 | - 24% | |
| 1 kg (2 lb.) of tomatoes | 2.54 B/. (C$3.30) | C$3.94 | - 16% | |
| 500 gr (16 oz.) of local cheese | 8 B/. (C$10) | C$11 | - 6% | |
| 1 kg (2 lb.) of apples | 3.48 B/. (C$4.51) | C$3.72 | + 21% | |
| 1 kg (2 lb.) of potatoes | 1.71 B/. (C$2.22) | C$2.33 | - 5% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 0.94 B/. (C$1.22) | C$3.55 | - 66% | |
| 1 bottle of red table wine, good quality | 9 B/. (C$12) | C$18 | - 36% | |
| 2 liters of Coca-Cola | 2.17 B/. (C$2.82) | C$2.41 | + 17% | |
| Bread for 2 people for 1 day | 1.67 B/. (C$2.17) | C$2.32 | - 6% | |
| Housing | - 15% | |||
| Housing in Panama is 15% cheaper than in Canada | ||||
| Monthly rent for 85 m2 (900 Sqft) furnished accommodation in EXPENSIVE area | 1,530 B/. (C$1,986) | C$2,124 | - 7% | |
| Monthly rent for 85 m2 (900 Sqft) furnished accommodation in NORMAL area | 965 B/. (C$1,252) | C$1,645 | - 24% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 178 B/. (C$231) | C$159 | + 45% | |
| Monthly rent for a 45 m2 (480 Sqft) furnished studio in EXPENSIVE area | 1,113 B/. (C$1,445) | C$1,626 | - 11% | |
| Monthly rent for a 45 m2 (480 Sqft) furnished studio in NORMAL area | 681 B/. (C$883) | C$1,164 | - 24% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 Sqft) studio | 118 B/. (C$153) | C$101 | + 51% | |
| Internet 8 Mbps (1 month) | 33 B/. (C$42) | C$53 | - 20% | |
| 40” flat screen TV | 336 B/. (C$436) | C$485 | - 10% | |
| Microwave 800/900 Watt (Bosch, Panasonic, LG, Sharp, or equivalent brands) | 79 B/. (C$102) | C$157 | - 35% | |
| Laundry detergent (3 l. ~ 100 oz.) | 12 B/. (C$16) | C$11 | + 37% | |
| Hourly rate for cleaning help | 4.02 B/. (C$5.21) | C$24 | - 78% | |
| Clothes | - 9% | |||
| Clothes in Panama is 9% cheaper than in Canada | ||||
| 1 pair of jeans (Levis 501 or similar) | 56 B/. (C$73) | C$70 | + 4% | |
| 1 summer dress in a High Street Store (Zara, H&M or similar retailers) | 38 B/. (C$49) | C$56 | - 13% | |
| 1 pair of sport shoes (Nike, Adidas, or equivalent brands) | 78 B/. (C$102) | C$114 | - 11% | |
| 1 pair of men’s leather business shoes | 98 B/. (C$127) | C$138 | - 8% | |
| Transportation | - 44% | |||
| Transportation in Panama is 44% cheaper than in Canada | ||||
| Volkswagen Golf 1.4 TSI 150 CV (or equivalent), with no extras, new | 18,395 B/. (C$23,876) | C$22,777 | + 5% | |
| 1 liter (1/4 gallon) of gas | 0.78 B/. (C$1.01) | C$1.29 | - 21% | |
| Monthly ticket public transport | 33 B/. (C$43) | C$110 | - 61% | |
| Personal Care | + 10% | |||
| Personal Care in Panama is 10% more expensive than in Canada | ||||
| Cold medicine for 6 days (Tylenol, Frenadol, Coldrex, or equivalent brands) | 9 B/. (C$12) | C$10 | + 19% | |
| 1 box of antibiotics (12 doses) | 31 B/. (C$40) | C$22 | + 80% | |
| Short visit to private Doctor (15 minutes) | 44 B/. (C$58) | C$96 | - 40% | |
| 1 box of 32 tampons (Tampax, OB, ...) | 6 B/. (C$8) | C$8 | + 1% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 5.68 B/. (C$7) | C$4.97 | + 48% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 5.15 B/. (C$7) | C$5.59 | + 20% | |
| 4 rolls of toilet paper | 3.51 B/. (C$4.55) | C$2.85 | + 60% | |
| Tube of toothpaste | 2.54 B/. (C$3.30) | C$2.74 | + 20% | |
| Standard men's haircut in expat area of the city | 12 B/. (C$15) | C$25 | - 38% | |
| Entertainment | - 12% | |||
| Entertainment in Panama is 12% cheaper than in Canada | ||||
| Basic dinner out for two in neighborhood pub | 43 B/. (C$56) | C$54 | + 5% | |
| 2 tickets to the movies | 11 B/. (C$14) | C$27 | - 48% | |
| 2 tickets to the theater (best available seats) | 86 B/. (C$111) | C$146 | - 24% | |
| Dinner for two at an Italian restaurant in the expat area including appetisers, main course, wine and dessert | 73 B/. (C$95) | C$96 | - 1% | |
| 1 cocktail drink in downtown club | 9 B/. (C$11) | C$12 | - 1% | |
| Cappuccino in expat area of the city | 4.43 B/. (C$5.74) | C$4.96 | + 16% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 4.17 B/. (C$5.42) | C$7 | - 23% | |
| iPad Wi-Fi 128GB | 526 B/. (C$682) | C$589 | + 16% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 0.15 B/. (C$0.19) | C$0.41 | - 53% | |
| 1 month of gym membership in business district | 61 B/. (C$80) | C$62 | + 28% | |
| 1 package of Marlboro cigarettes | 5.11 B/. (C$7) | C$14 | - 52% | |
| TOTAL | - 22% | |||
These prices were last updated on September 21, 2018.
Exchange rate:
1.298
CAD
/
PAB
This comparison is based on abundant and consistent data. It is based on 23,127 prices entered by 3,984 different people.
Cost of living in Panama is 22% cheaper than in Canada
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