Montreal vs Panama City - Cost of Living Comparison

Updated:

Livingcost

Montreal Panama City
🚶 Cost of living one person
$1821
$1316
👨‍👩‍👧‍👦 Cost of living Family
$4326
$3171
🏠 One person rent
$928
$709
🏘️ Family rent
$1624
$1291
🍽️ Food expenses
$569
$426
🚐 Transport expenses
$172
$78
💳 Monthly salary after tax
$2722
$901
😷 Air quality
Excellent
Moderate
✈️ Airport proximity
11 km
7 km
🎓 Higher education
100
42
😀 Quality of life
95
67
🏙️ Population
1.76M
881K

The cost of living in Montreal is 38% more expensive than in Panama City. Cities ranked 2281st and 4138th ($1821 vs $1316) in the list of the most expensive cities in the world and ranked 76th and 1st in Canada and Panama, respectively. Check Canada vs Panama comparison.

The average after-tax salary is enough to cover living expenses for 1.5 months in Montreal compared to 0.7 months in Panama City. Montreal ranked 1st best city to live in Canada vs Panama City ranked 1st in Panama, while ranked 30th and 3926th 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

Share this infographic!

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
$15.9
$11.5
🥂 Dinner in a Restaurant, for 2
$69.3
$51.8
🥪 Fast food meal, equiv. McDonald's
$10.7
$7.97
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$6.11
$2.6
 Cappuccino
$3.77
$4.35
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$2.01
$1.75
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$1044
$836
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$780
$520
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$1952
$1703
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$1385
$980
🔌 Utility Bill one person, electricity, heating, water, etc.
$52
$78.2
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$81.9
$119
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$43.7
$47.6
🏦 Mortgage Interest Rate for 20 Years
6.41%
5.97%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$7593
$2399
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$4320
$1457
Transportation
🚌 Local transport ticket
$2.78
$0.35
🎟️ Monthly ticket local transport
$71.5
$25.9
🚕 Taxi Ride, 8 km or 5 mi
$14.6
$12
 Gas / Petrol, 1 L or 0.26 gal
$1.25
$1.06
Groceries
🥛 Milk, 1 L or 1 qt
$2.11
$1.76
🍞 Bread, 0.5 kg or 1.1 lb
$2.94
$2.11
🍚 Rice, 1 kg or 2.2 lb
$3.08
$1.71
🥚 Eggs, x12
$3.51
$2.63
🧀 Cheese, 1 kg or 2.2 lb
$13
$11.9
🐔 Chicken Breast, 1 kg or 2.2 lb
$12.7
$7.45
🥩 Round Steak, 1 kg or 2.2 lb
$14.1
$8.87
🍏 Apples, 1 kg or 2.2 lb
$3.38
$2.91
🍌 Banana, 1 kg or 2.2 lb
$1.45
$1.37
🍊 Oranges, 1 kg or 2.2 lb
$3.58
$2.8
🍅 Tomato, 1 kg or 2.2 lb
$4.14
$2.81
🥔 Potato, 1 kg or 2.2 lb
$1.95
$2.1
🧅 Onion, 1 kg or 2.2 lb
$2.36
$2.02
🌊 Water, 1 L or 1 qt
$1.1
$0.98
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.02
$2.59
🍾 Wine (mid-priced), 750 mL bottle
$13.1
$9.98
🍺 Beer, 0.5 L or 16 fl oz
$3.15
$1.14
🚬 Cigarette pack
$11
$5.88
💊 Cold medicince, 1 week
$9.29
$9.43
🧴 Hair Shampoo
$4.48
$7.05
🧻 Toilet paper, 4 rolls
$4.06
$3.43
👄 Toothpaste, 1 tube
$2.95
$3.7
Other
🏋️ Gym Membership, 1 month
$31.9
$42
🎫 Cinema Ticket, 1 person
$11
$6.85
👩‍⚕️ Doctor's visit
$119
$48.6
💇 Haircut, simple
$18.5
$13.5
👖 Brand Jeans
$62.4
$54.3
👟 Brand Sneakers
$90
$86.9
👶 Daycare or Preschool, 1 month
$703
$408
🏫 International Primary School, 1 year
$7624
$9581

Cost of living in other countries

Cost of living

More cities to compare

Cost of Living in the nearest cities

Cities near Montreal

Distance City Cost of living
3.6 km or 2.3 mi Saint-Lambert
$1869
4.3 km or 2.7 mi Westmount
$1808
4.4 km or 2.8 mi Longueuil
$1962
6.4 km or 4 mi Mount Royal
$1821
9.4 km or 5.9 mi Cote-Saint-Luc
$1840
9.9 km or 6.1 mi Brossard
$2105
11 km or 7 mi La Prairie
$1949
13 km or 8.3 mi Boucherville
$1882
14 km or 8.9 mi Candiac
$1912
16 km or 9.8 mi Saint-Constant
$1888
16 km or 10 mi Dorval
$1846
17 km or 10 mi Saint-Bruno-de-Montarville
$1924
17 km or 10 mi Laval
$1874
20 km or 12 mi Sainte-Julie
$1874
20 km or 12 mi Dollard-des-Ormeaux
$1835
20 km or 13 mi Chateauguay
$1841
21 km or 13 mi Pointe-Claire
$1846
22 km or 14 mi Varennes
$1835
22 km or 14 mi Terrebonne
$1820
23 km or 14 mi Chambly
$1906
24 km or 15 mi Boisbriand
$1813
25 km or 15 mi Kirkland
$1845
26 km or 16 mi Repentigny
$1783
26 km or 16 mi Sainte-Therese
$1808
27 km or 17 mi Mascouche
$1772
27 km or 17 mi Saint-Eustache
$1827
29 km or 18 mi Beloeil
$1816
31 km or 19 mi Blainville
$1808
31 km or 20 mi Saint-Jean-sur-Richelieu
$1847
38 km or 23 mi L'Assomption
$1659
39 km or 24 mi Vaudreuil-Dorion
$1894
41 km or 26 mi Saint-Lin-Laurentides
$1705
44 km or 27 mi Mirabel
$1797
46 km or 28 mi Saint-Jerome
$1757
49 km or 31 mi Saint-Hyacinthe
$1626
53 km or 33 mi Salaberry-de-Valleyfield
$2014
57 km or 35 mi Joliette
$1397
66 km or 41 mi Granby
$1158
68 km or 42 mi Sorel-Tracy
$1558
91 km or 56 mi Plattsburgh
$1576

Cities near Panama City

Distance City Cost of living
8.1 km or 5 mi Balboa
$1189
16 km or 9.9 mi Tocumen
$1171
26 km or 16 mi Pacora
$1182
34 km or 21 mi La Chorrera
$917
59 km or 37 mi Colon
$1157
108 km or 67 mi Penonome
$940
154 km or 96 mi Chitre
$980
190 km or 118 mi Santiago de Veraguas
$961
321 km or 199 mi Turbo
$624
329 km or 204 mi David
$789
398 km or 247 mi Monteria
$633
403 km or 250 mi Limon
$1147
406 km or 252 mi Santa Cruz de Lorica
$573
452 km or 281 mi Sincelejo
$536
463 km or 288 mi Cartagena
$877
483 km or 300 mi Quibdo
$649
494 km or 307 mi Cartago
$1009
513 km or 319 mi San Jose
$1169
518 km or 322 mi Heredia
$1040
521 km or 324 mi Magangue
$582
526 km or 327 mi Bello
$778
529 km or 329 mi Alajuela
$1163
530 km or 329 mi Medellin
$867
534 km or 332 mi Envigado
$812
558 km or 347 mi Soledad
$851
559 km or 348 mi Barranquilla
$780
595 km or 370 mi Puntarenas
$1024
617 km or 383 mi Cartago
$639
617 km or 383 mi Cienaga
$661
623 km or 387 mi Manizales
$727
627 km or 390 mi Santa Teresa
$1114
627 km or 390 mi Pereira
$639
631 km or 392 mi Santa Marta
$705
632 km or 393 mi Buenaventura
$552
636 km or 395 mi Minca
$655
651 km or 404 mi Salento
$567
652 km or 405 mi Armenia
$551
657 km or 408 mi Tulua
$493
658 km or 409 mi Barrancabermeja
$592
675 km or 419 mi Liberia
$1220