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- Panama
- Canada
- Comparison
Cost of living in Panama compared to Canada
Currency:
| Food | - 8% | |||
|---|---|---|---|---|
| Food in Panama is 8% cheaper than in Canada | ||||
| Basic lunchtime menu (including a drink) in the business district | 13 B/. (C$17) | C$17 | - 1% | |
| Combo meal in fast food restaurant (Big Mac Meal or similar) | 7 B/. (C$9) | C$10 | - 9% | |
| 500 gr (1 lb.) of boneless chicken breast | 4.67 B/. (C$6) | C$7 | - 13% | |
| 1 liter (1 qt.) of whole fat milk | 1.61 B/. (C$2.16) | C$2.41 | - 10% | |
| 12 eggs, large | 2.62 B/. (C$3.51) | C$3.90 | - 10% | |
| 1 kg (2 lb.) of tomatoes | 2.99 B/. (C$4.00) | C$3.74 | + 7% | |
| 500 gr (16 oz.) of local cheese | 5.70 B/. (C$8) | C$10 | - 22% | |
| 1 kg (2 lb.) of apples | 4.13 B/. (C$5.53) | C$3.88 | + 42% | |
| 1 kg (2 lb.) of potatoes | 3.35 B/. (C$4.48) | C$2.43 | + 84% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 0.93 B/. (C$1.24) | C$3.31 | - 63% | |
| 1 bottle of red table wine, good quality | 9 B/. (C$11) | C$18 | - 38% | |
| 2 liters of Coca-Cola | 2.27 B/. (C$3.04) | C$2.37 | + 28% | |
| Bread for 2 people for 1 day | 1.20 B/. (C$1.61) | C$2.16 | - 26% | |
| Housing | - 4% | |||
| Housing in Panama is 4% cheaper than in Canada | ||||
| Monthly rent for 85 m2 (900 Sqft) furnished accommodation in EXPENSIVE area | 1,680 B/. (C$2,248) | C$2,086 | + 8% | |
| Monthly rent for 85 m2 (900 Sqft) furnished accommodation in NORMAL area | 1,076 B/. (C$1,440) | C$1,639 | - 12% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 215 B/. (C$288) | C$147 | + 95% | |
| Monthly rent for a 45 m2 (480 Sqft) furnished studio in EXPENSIVE area | 1,160 B/. (C$1,552) | C$1,539 | + 1% | |
| Monthly rent for a 45 m2 (480 Sqft) furnished studio in NORMAL area | 700 B/. (C$936) | C$1,141 | - 18% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 Sqft) studio | 136 B/. (C$182) | C$102 | + 79% | |
| Internet 8 Mbps (1 month) | 29 B/. (C$38) | C$52 | - 27% | |
| 40” flat screen TV | 345 B/. (C$461) | C$452 | + 2% | |
| Microwave 800/900 Watt (Bosch, Panasonic, LG, Sharp, or equivalent brands) | 101 B/. (C$135) | C$154 | - 12% | |
| Laundry detergent (3 l. ~ 100 oz.) | 11 B/. (C$14) | C$11 | + 33% | |
| Hourly rate for cleaning help | 4.44 B/. (C$5.94) | C$23 | - 74% | |
| Clothes | - 1% | |||
| Clothes in Panama is about the same as in Canada | ||||
| 1 pair of jeans (Levis 501 or similar) | 61 B/. (C$82) | C$70 | + 17% | |
| 1 summer dress in a High Street Store (Zara, H&M or similar retailers) | 39 B/. (C$52) | C$55 | - 5% | |
| 1 pair of sport shoes (Nike, Adidas, or equivalent brands) | 79 B/. (C$106) | C$113 | - 7% | |
| 1 pair of men’s leather business shoes | 98 B/. (C$131) | C$137 | - 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 | 22,811 B/. (C$30,520) | C$23,960 | + 27% | |
| 1 liter (1/4 gallon) of gas | 0.77 B/. (C$1.03) | C$1.32 | - 21% | |
| Monthly ticket public transport | 34 B/. (C$46) | C$109 | - 58% | |
| Personal Care | + 29% | |||
| Personal Care in Panama is 29% more expensive than in Canada | ||||
| Cold medicine for 6 days (Tylenol, Frenadol, Coldrex, or equivalent brands) | 9 B/. (C$12) | C$11 | + 8% | |
| 1 box of antibiotics (12 doses) | 34 B/. (C$45) | C$21 | + 113% | |
| Short visit to private Doctor (15 minutes) | 53 B/. (C$71) | C$94 | - 24% | |
| 1 box of 32 tampons (Tampax, OB, ...) | 11 B/. (C$15) | C$9 | + 74% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 5.36 B/. (C$7) | C$4.80 | + 49% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 6 B/. (C$8) | C$5.55 | + 46% | |
| 4 rolls of toilet paper | 3.27 B/. (C$4.38) | C$2.80 | + 57% | |
| Tube of toothpaste | 2.34 B/. (C$3.13) | C$2.41 | + 30% | |
| Standard men's haircut in expat area of the city | 15 B/. (C$20) | C$24 | - 19% | |
| Entertainment | + 12% | |||
| Entertainment in Panama is 12% more expensive than in Canada | ||||
| Basic dinner out for two in neighborhood pub | 48 B/. (C$64) | C$52 | + 24% | |
| 2 tickets to the movies | 12 B/. (C$15) | C$27 | - 43% | |
| 2 tickets to the theater (best available seats) | 63 B/. (C$84) | C$158 | - 47% | |
| Dinner for two at an Italian restaurant in the expat area including appetisers, main course, wine and dessert | 79 B/. (C$106) | C$94 | + 12% | |
| 1 cocktail drink in downtown club | 8 B/. (C$11) | C$11 | - 1% | |
| Cappuccino in expat area of the city | 4.18 B/. (C$5.59) | C$5.02 | + 11% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 4.73 B/. (C$6) | C$7 | - 8% | |
| iPad Wi-Fi 128GB | 598 B/. (C$800) | C$573 | + 40% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 0.47 B/. (C$0.64) | C$0.46 | + 38% | |
| 1 month of gym membership in business district | 53 B/. (C$70) | C$55 | + 27% | |
| 1 package of Marlboro cigarettes | 5.52 B/. (C$7) | C$14 | - 46% | |
| TOTAL | - 8% | |||
These prices were last updated on April 21, 2019.
Exchange rate:
1.338
CAD
/
PAB
This comparison is based on abundant and consistent data. It is based on 18,714 prices entered by 3,188 different people.
Cost of living in Panama is 8% cheaper than in Canada
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