Montreal vs Panama City - Cost of Living Comparison

Updated:

Livingcost

Montreal Panama City
🚶 Cost of living one person
$1928
$1583
👨‍👩‍👧‍👦 Cost of living Family
$4433
$3567
🏠 One person rent
$992
$976
🏘️ Family rent
$1658
$1633
🍽️ Food expenses
$585
$432
🚐 Transport expenses
$192
$69.1
💳 Monthly salary after tax
$3005
$936
😷 Air quality
Excellent
Excellent
✈️ Airport proximity
11 km
7 km
🎓 Higher education
100
42
😀 Quality of life
96
69
🏙️ Population
1.8M
410K

The cost of living in Montreal is 22% more expensive than in Panama City. Cities ranked 2284th and 3744th ($1928 vs $1583) in the list of the most expensive cities in the world and ranked 58th and 1st in Canada and Panama, respectively. Check Canada vs Panama comparison.

The average after-tax salary is enough to cover living expenses for 1.6 months in Montreal compared to 0.6 months in Panama City. Montreal ranked 1st best city to live in Canada vs Panama City ranked 1st in Panama, while ranked 11th and 4400th among best cities to live in the world.

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the estimated difference in money purchasing power

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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
$16.8
$10.6
🥂 Dinner in a Restaurant, for 2
$65.9
$45.3
🥪 Fast food meal, equiv. McDonald's
$11.9
$7.39
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$6.46
$2.97
☕ Cappuccino
$4.06
$3.94
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$2.04
$1.71
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$1085
$1062
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$852
$794
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$1939
$1911
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$1436
$1347
🔌 Utility Bill one person, electricity, heating, water, etc.
$51.8
$82.5
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$79.4
$128
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$41.8
$45.4
🏦 Mortgage Interest Rate for 20 Years
4.47%
6.26%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$5305
$3048
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$4101
$1725
Transportation
🚌 Local transport ticket
$2.78
$0.35
🎟️ Monthly ticket local transport
$76.6
$22.2
🚕 Taxi Ride, 8 km or 5 mi
$18.2
$17.4
⛽ Gas / Petrol, 1 L or 0.26 gal
$1.13
$0.93
Groceries
🥛 Milk, 1 L or 1 qt
$2.38
$1.84
🍞 Bread, 0.5 kg or 1.1 lb
$2.89
$2.23
🍚 Rice, 1 kg or 2.2 lb
$2.92
$2.33
🥚 Eggs, x12
$3.56
$3.26
🧀 Cheese, 1 kg or 2.2 lb
$15.3
$11.2
🐔 Chicken Breast, 1 kg or 2.2 lb
$12.8
$6.57
🥩 Round Steak, 1 kg or 2.2 lb
$14.1
$9.64
🍏 Apples, 1 kg or 2.2 lb
$3.38
$3.53
🍌 Banana, 1 kg or 2.2 lb
$1.54
$1.62
🍊 Oranges, 1 kg or 2.2 lb
$3.24
$3.29
🍅 Tomato, 1 kg or 2.2 lb
$3.33
$3.03
🥔 Potato, 1 kg or 2.2 lb
$2.65
$2.46
🧅 Onion, 1 kg or 2.2 lb
$2.43
$3.74
🌊 Water, 1 L or 1 qt
$0.99
$1.16
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.49
$2.41
🍾 Wine (mid-priced), 750 mL bottle
$13
$11.6
🍺 Beer, 0.5 L or 16 fl oz
$2.77
$1.44
🚬 Cigarette pack
$12
$6.04
💊 Cold medicince, 1 week
$11.7
$8.16
🧴 Hair Shampoo
$5.44
$8.03
🧻 Toilet paper, 4 rolls
$4.53
$2.96
👄 Toothpaste, 1 tube
$2.54
$3.04
Other
🏋️ Gym Membership, 1 month
$37.1
$42.8
🎫 Cinema Ticket, 1 person
$11.8
$7.3
👩‍⚕️ Doctor's visit
$117
$50.2
💇 Haircut, simple
$22.6
$14.5
👖 Brand Jeans
$55.6
$53.6
👟 Brand Sneakers
$101
$91.3
👶 Daycare or Preschool, 1 month
$568
$503
🏫 International Primary School, 1 year
$5550
$13402

Cost of living in other countries

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Cost of Living in the nearest cities

Cities near Montreal

Distance City Cost of living
3.6 km or 2.3 mi Saint-Lambert
$1875
4.3 km or 2.7 mi Westmount
$1862
4.4 km or 2.8 mi Longueuil
$1923
6.4 km or 4 mi Mount Royal
$1876
9.4 km or 5.9 mi Cote-Saint-Luc
$1893
9.9 km or 6.1 mi Brossard
$2080
11 km or 7 mi La Prairie
$1960
13 km or 8.3 mi Boucherville
$1897
14 km or 8.9 mi Candiac
$1940
16 km or 9.8 mi Saint-Constant
$1910
16 km or 10 mi Dorval
$1923
17 km or 10 mi Saint-Bruno-de-Montarville
$1918
17 km or 10 mi Laval
$2047
20 km or 12 mi Sainte-Julie
$1891
20 km or 12 mi Dollard-des-Ormeaux
$1944
20 km or 13 mi Chateauguay
$1914
21 km or 13 mi Pointe-Claire
$1920
22 km or 14 mi Varennes
$1861
22 km or 14 mi Terrebonne
$1907
23 km or 14 mi Chambly
$1918
24 km or 15 mi Boisbriand
$1934
25 km or 15 mi Kirkland
$1930
26 km or 16 mi Repentigny
$1846
26 km or 16 mi Sainte-Therese
$1950
27 km or 17 mi Mascouche
$1852
27 km or 17 mi Saint-Eustache
$1948
29 km or 18 mi Beloeil
$1838
31 km or 19 mi Blainville
$1935
31 km or 20 mi Saint-Jean-sur-Richelieu
$1857
38 km or 23 mi L'Assomption
$1723
39 km or 24 mi Vaudreuil-Dorion
$1924
41 km or 26 mi Saint-Lin-Laurentides
$1800
44 km or 27 mi Mirabel
$1896
46 km or 28 mi Saint-Jerome
$1864
49 km or 31 mi Saint-Hyacinthe
$1642
53 km or 33 mi Salaberry-de-Valleyfield
$1971
57 km or 35 mi Joliette
$1458
66 km or 41 mi Granby
$1142
68 km or 42 mi Sorel-Tracy
$1589
91 km or 56 mi Plattsburgh
$1805

Cities near Panama City

Distance City Cost of living
8.1 km or 5 mi Balboa
$1425
16 km or 9.9 mi Tocumen
$1403
26 km or 16 mi Pacora
$1395
34 km or 21 mi La Chorrera
$977
59 km or 37 mi Colon
$1179
108 km or 67 mi Penonome
$1153
154 km or 96 mi Chitre
$1154
190 km or 118 mi Santiago de Veraguas
$1122
321 km or 199 mi Turbo
$764
329 km or 204 mi David
$922
398 km or 247 mi Monteria
$703
403 km or 250 mi Limon
$1332
406 km or 252 mi Santa Cruz de Lorica
$764
452 km or 281 mi Sincelejo
$572
463 km or 288 mi Cartagena
$1155
483 km or 300 mi Quibdo
$757
494 km or 307 mi Cartago
$1290
513 km or 319 mi San Jose
$1454
518 km or 322 mi Heredia
$1378
521 km or 324 mi Magangue
$707
526 km or 327 mi Bello
$915
529 km or 329 mi Alajuela
$1323
530 km or 329 mi Medellin
$1071
534 km or 332 mi Envigado
$992
558 km or 347 mi Soledad
$950
559 km or 348 mi Barranquilla
$909
595 km or 370 mi Puntarenas
$825
617 km or 383 mi Cartago
$738
617 km or 383 mi Cienaga
$874
623 km or 387 mi Manizales
$717
627 km or 390 mi Santa Teresa
$1273
627 km or 390 mi Pereira
$789
631 km or 392 mi Santa Marta
$971
632 km or 393 mi Buenaventura
$825
636 km or 395 mi Minca
$887
651 km or 404 mi Salento
$709
652 km or 405 mi Armenia
$719
657 km or 408 mi Tulua
$537
658 km or 409 mi Barrancabermeja
$1040
675 km or 419 mi Liberia
$957