- Cost of Living
- Panama
- Canada
- Comparison
Cost of living in Panama compared to Canada
Currency:
| Food | - 22% | |||
|---|---|---|---|---|
| Food in Panama is 22% cheaper than in Canada | ||||
| Basic lunchtime menu (including a drink) in the business district | 9 B/. (C$11) | C$17 | - 35% | |
| Combo meal in fast food restaurant (Big Mac Meal or similar) | 6 B/. (C$8) | C$10 | - 17% | |
| 500 gr (1 lb.) of boneless chicken breast | 2.96 B/. (C$3.91) | C$7 | - 46% | |
| 1 liter (1 qt.) of whole fat milk | 1.53 B/. (C$2.03) | C$2.46 | - 18% | |
| 12 eggs, large | 2.62 B/. (C$3.46) | C$4.12 | - 16% | |
| 1 kg (2 lb.) of tomatoes | 2.83 B/. (C$3.74) | C$4.06 | - 8% | |
| 500 gr (16 oz.) of local cheese | 7 B/. (C$9) | C$11 | - 15% | |
| 1 kg (2 lb.) of apples | 4.43 B/. (C$5.86) | C$3.73 | + 57% | |
| 1 kg (2 lb.) of potatoes | 1.95 B/. (C$2.58) | C$2.35 | + 10% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 0.88 B/. (C$1.17) | C$3.53 | - 67% | |
| 1 bottle of red table wine, good quality | 10 B/. (C$13) | C$18 | - 29% | |
| 2 liters of Coca-Cola | 2.21 B/. (C$2.92) | C$2.39 | + 22% | |
| Bread for 2 people for 1 day | 1.52 B/. (C$2.00) | C$2.31 | - 13% | |
| Housing | - 15% | |||
| Housing in Panama is 15% cheaper than in Canada | ||||
| Monthly rent for 85 m2 (900 Sqft) furnished accommodation in EXPENSIVE area | 1,474 B/. (C$1,947) | C$2,121 | - 8% | |
| Monthly rent for 85 m2 (900 Sqft) furnished accommodation in NORMAL area | 926 B/. (C$1,223) | C$1,651 | - 26% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 164 B/. (C$217) | C$161 | + 34% | |
| Monthly rent for a 45 m2 (480 Sqft) furnished studio in EXPENSIVE area | 1,109 B/. (C$1,465) | C$1,638 | - 11% | |
| Monthly rent for a 45 m2 (480 Sqft) furnished studio in NORMAL area | 681 B/. (C$899) | C$1,195 | - 25% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 Sqft) studio | 123 B/. (C$163) | C$106 | + 54% | |
| Internet 8 Mbps (1 month) | 33 B/. (C$43) | C$53 | - 19% | |
| 40” flat screen TV | 329 B/. (C$434) | C$481 | - 10% | |
| Microwave 800/900 Watt (Bosch, Panasonic, LG, Sharp, or equivalent brands) | 82 B/. (C$109) | C$156 | - 30% | |
| Laundry detergent (3 l. ~ 100 oz.) | 13 B/. (C$17) | C$11 | + 53% | |
| Hourly rate for cleaning help | 4.02 B/. (C$5.31) | C$24 | - 78% | |
| Clothes | - 12% | |||
| Clothes in Panama is 12% cheaper than in Canada | ||||
| 1 pair of jeans (Levis 501 or similar) | 55 B/. (C$73) | C$71 | + 2% | |
| 1 summer dress in a High Street Store (Zara, H&M or similar retailers) | 36 B/. (C$47) | C$57 | - 17% | |
| 1 pair of sport shoes (Nike, Adidas, or equivalent brands) | 74 B/. (C$98) | C$116 | - 15% | |
| 1 pair of men’s leather business shoes | 100 B/. (C$132) | C$138 | - 4% | |
| Transportation | - 42% | |||
| Transportation in Panama is 42% cheaper than in Canada | ||||
| Volkswagen Golf 1.4 TSI 150 CV (or equivalent), with no extras, new | 18,091 B/. (C$23,897) | C$22,604 | + 6% | |
| 1 liter (1/4 gallon) of gas | 0.78 B/. (C$1.03) | C$1.25 | - 18% | |
| Monthly ticket public transport | 33 B/. (C$44) | C$111 | - 60% | |
| Personal Care | - 6% | |||
| Personal Care in Panama is 6% cheaper than in Canada | ||||
| Cold medicine for 6 days (Tylenol, Frenadol, Coldrex, or equivalent brands) | 7 B/. (C$10) | C$10 | - 2% | |
| 1 box of antibiotics (12 doses) | 10 B/. (C$13) | C$21 | - 36% | |
| Short visit to private Doctor (15 minutes) | 42 B/. (C$56) | C$98 | - 43% | |
| 1 box of 32 tampons (Tampax, OB, ...) | 7 B/. (C$9) | C$8 | + 16% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 5.81 B/. (C$8) | C$4.89 | + 57% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 5.17 B/. (C$7) | C$5.59 | + 22% | |
| 4 rolls of toilet paper | 3.40 B/. (C$4.49) | C$2.92 | + 54% | |
| Tube of toothpaste | 2.66 B/. (C$3.51) | C$2.84 | + 24% | |
| Standard men's haircut in expat area of the city | 11 B/. (C$15) | C$25 | - 40% | |
| Entertainment | - 10% | |||
| Entertainment in Panama is 10% cheaper than in Canada | ||||
| Basic dinner out for two in neighborhood pub | 40 B/. (C$53) | C$53 | - 2% | |
| 2 tickets to the movies | 11 B/. (C$15) | C$28 | - 46% | |
| 2 tickets to the theater (best available seats) | 86 B/. (C$113) | C$156 | - 27% | |
| Dinner for two at an Italian restaurant in the expat area including appetisers, main course, wine and dessert | 69 B/. (C$91) | C$96 | - 6% | |
| 1 cocktail drink in downtown club | 9 B/. (C$11) | C$12 | - 1% | |
| Cappuccino in expat area of the city | 4.37 B/. (C$5.77) | C$4.88 | + 18% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 3.81 B/. (C$5.04) | C$7 | - 28% | |
| iPad Wi-Fi 128GB | 630 B/. (C$832) | C$589 | + 41% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 0.15 B/. (C$0.20) | C$0.36 | - 44% | |
| 1 month of gym membership in business district | 60 B/. (C$79) | C$61 | + 31% | |
| 1 package of Marlboro cigarettes | 5.04 B/. (C$7) | C$14 | - 51% | |
| TOTAL | - 22% | |||
These prices were last updated on June 19, 2018.
Exchange rate:
1.321
CAD
/
PAB
This comparison is based on abundant and consistent data. It is based on 21,669 prices entered by 3,969 different people.
Cost of living in Panama is 22% cheaper than in Canada
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