Montreal vs Panama City - Cost of Living Comparison

Updated: October 10, 2024

	Montreal	Panama City
🚶 Cost of living one person	$1954	$1384
👨‍👩‍👧‍👦 Cost of living Family	$4616	$3435
🏠 One person rent	$986	$751
🏘️ Family rent	$1716	$1474
🍽️ Food expenses	$608	$444
🚐 Transport expenses	$190	$84.4
💳 Monthly salary after tax	$2805	$914
😷 Air quality	Good	Good
✈️ Airport proximity	11 km	7 km
🎓 Higher education	100	42
😀 Quality of life	93	66
🏙️ Population	1.76M	881K

The cost of living in Montreal is 41% more expensive than in Panama City. Cities ranked 2002nd and 4139th ($1954 vs $1384) in the list of the most expensive cities in the world and ranked 54th and 1st in Canada and Panama, respectively. Check Canada vs Panama comparison.

The average after-tax salary is enough to cover living expenses for 1.4 months in Montreal compared to 0.7 months in Panama City. Montreal ranked 2nd best city to live in Canada vs Panama City ranked 1st in Panama, while ranked 60th and 3919th among best cities to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

Cost of living in Montreal vs Panama City infographic

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Prices in Montreal vs Panama City

Prices for goods and services in Montreal and Panama City are partly crowdsourced by our visitors, just like yourself. Please consider telling us about your city.

	Montreal	Panama City
Eating Out
🍱 Lunch Menu	$16.6	$12.3
🥂 Dinner in a Restaurant, for 2	$76.2	$55.2
🥪 Fast food meal, equiv. McDonald's	$11.1	$7.6
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$6.72	$2.94
☕ Cappuccino	$3.94	$4.25
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$2.2	$1.9
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$1044	$827
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$856	$577
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$2012	$1757
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$1492	$1198
🔌 Utility Bill one person, electricity, heating, water, etc.	$49.3	$76.7
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$77	$118
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$42.7	$47.4
🏦 Mortgage Interest Rate for 20 Years	6.28%	6.12%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$7494	$2406
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$4431	$1535
Transportation
🚌 Local transport ticket	$2.79	$0.35
🎟️ Monthly ticket local transport	$73.2	$26.2
🚕 Taxi Ride, 8 km or 5 mi	$18.3	$13.9
⛽ Gas / Petrol, 1 L or 0.26 gal	$1.27	$1.02
Groceries
🥛 Milk, 1 L or 1 qt	$2.34	$1.78
🍞 Bread, 0.5 kg or 1.1 lb	$2.92	$2.12
🍚 Rice, 1 kg or 2.2 lb	$2.95	$2.08
🥚 Eggs, x12	$3.73	$2.67
🧀 Cheese, 1 kg or 2.2 lb	$16.1	$13.2
🐔 Chicken Breast, 1 kg or 2.2 lb	$13.3	$7.23
🥩 Round Steak, 1 kg or 2.2 lb	$14.9	$10.4
🍏 Apples, 1 kg or 2.2 lb	$3.4	$3.11
🍌 Banana, 1 kg or 2.2 lb	$1.52	$1.54
🍊 Oranges, 1 kg or 2.2 lb	$4.28	$3.09
🍅 Tomato, 1 kg or 2.2 lb	$4.36	$2.94
🥔 Potato, 1 kg or 2.2 lb	$2.42	$2.19
🧅 Onion, 1 kg or 2.2 lb	$2.46	$2.5
🌊 Water, 1 L or 1 qt	$1.26	$1
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$2.06	$2.51
🍾 Wine (mid-priced), 750 mL bottle	$14.7	$9.03
🍺 Beer, 0.5 L or 16 fl oz	$3.18	$1.14
🚬 Cigarette pack	$11.5	$5.89
💊 Cold medicince, 1 week	$10.5	$10.5
🧴 Hair Shampoo	$5.65	$6.97
🧻 Toilet paper, 4 rolls	$3.67	$3.12
👄 Toothpaste, 1 tube	$3.01	$3.06
Other
🏋️ Gym Membership, 1 month	$33.2	$43.8
🎫 Cinema Ticket, 1 person	$11.3	$6.71
👩‍⚕️ Doctor's visit	$121	$49.1
💇 Haircut, simple	$32.8	$13.7
👖 Brand Jeans	$61.4	$54.3
👟 Brand Sneakers	$95.7	$90.2
👶 Daycare or Preschool, 1 month	$669	$437
🏫 International Primary School, 1 year	$6957	$9531

Cost of living in other countries

Cost of living

Cost of Living in the nearest cities

Cities near Montreal

Distance	City	Cost of living
3.6 km or 2.3 mi	Saint-Lambert	$1873
4.3 km or 2.7 mi	Westmount	$1861
4.4 km or 2.8 mi	Longueuil	$1896
6.4 km or 4 mi	Mount Royal	$1871
9.4 km or 5.9 mi	Cote-Saint-Luc	$1890
9.9 km or 6.1 mi	Brossard	$2057
11 km or 7 mi	La Prairie	$1960
13 km or 8.3 mi	Boucherville	$1878
14 km or 8.9 mi	Candiac	$1927
16 km or 9.8 mi	Saint-Constant	$1912
16 km or 10 mi	Dorval	$1912
17 km or 10 mi	Saint-Bruno-de-Montarville	$1912
17 km or 10 mi	Laval	$1996
20 km or 12 mi	Sainte-Julie	$1884
20 km or 12 mi	Dollard-des-Ormeaux	$1898
20 km or 13 mi	Chateauguay	$1964
21 km or 13 mi	Pointe-Claire	$1908
22 km or 14 mi	Varennes	$1845
22 km or 14 mi	Terrebonne	$1849
23 km or 14 mi	Chambly	$1901
24 km or 15 mi	Boisbriand	$1751
25 km or 15 mi	Kirkland	$1897
26 km or 16 mi	Repentigny	$1823
26 km or 16 mi	Sainte-Therese	$1785
27 km or 17 mi	Mascouche	$1821
27 km or 17 mi	Saint-Eustache	$1839
29 km or 18 mi	Beloeil	$1836
31 km or 19 mi	Blainville	$1799
31 km or 20 mi	Saint-Jean-sur-Richelieu	$1843
38 km or 23 mi	L'Assomption	$1740
39 km or 24 mi	Vaudreuil-Dorion	$1921
41 km or 26 mi	Saint-Lin-Laurentides	$1773
44 km or 27 mi	Mirabel	$1828
46 km or 28 mi	Saint-Jerome	$1805
49 km or 31 mi	Saint-Hyacinthe	$1657
53 km or 33 mi	Salaberry-de-Valleyfield	$2002
57 km or 35 mi	Joliette	$1540
66 km or 41 mi	Granby	$1187
68 km or 42 mi	Sorel-Tracy	$1624
91 km or 56 mi	Plattsburgh	$1610

Cities near Panama City

Distance	City	Cost of living
8.1 km or 5 mi	Balboa	$1249
16 km or 9.9 mi	Tocumen	$1231
26 km or 16 mi	Pacora	$1249
34 km or 21 mi	La Chorrera	$953
59 km or 37 mi	Colon	$1182
108 km or 67 mi	Penonome	$1098
154 km or 96 mi	Chitre	$1091
190 km or 118 mi	Santiago de Veraguas	$1056
321 km or 199 mi	Turbo	$634
329 km or 204 mi	David	$833
398 km or 247 mi	Monteria	$620
403 km or 250 mi	Limon	$1201
406 km or 252 mi	Santa Cruz de Lorica	$638
452 km or 281 mi	Sincelejo	$506
463 km or 288 mi	Cartagena	$748
483 km or 300 mi	Quibdo	$661
494 km or 307 mi	Cartago	$961
513 km or 319 mi	San Jose	$1239
518 km or 322 mi	Heredia	$1246
521 km or 324 mi	Magangue	$582
526 km or 327 mi	Bello	$789
529 km or 329 mi	Alajuela	$1233
530 km or 329 mi	Medellin	$873
534 km or 332 mi	Envigado	$871
558 km or 347 mi	Soledad	$840
559 km or 348 mi	Barranquilla	$789
595 km or 370 mi	Puntarenas	$1277
617 km or 383 mi	Cartago	$619
617 km or 383 mi	Cienaga	$831
623 km or 387 mi	Manizales	$653
627 km or 390 mi	Santa Teresa	$1310
627 km or 390 mi	Pereira	$641
631 km or 392 mi	Santa Marta	$979
632 km or 393 mi	Buenaventura	$718
636 km or 395 mi	Minca	$863
651 km or 404 mi	Salento	$562
652 km or 405 mi	Armenia	$541
657 km or 408 mi	Tulua	$477
658 km or 409 mi	Barrancabermeja	$573
675 km or 419 mi	Liberia	$898