Panama City vs Toronto - Cost of Living Comparison

Updated:

Livingcost

Panama City Toronto
🚶 Cost of living one person
$1583
$2493
👨‍👩‍👧‍👦 Cost of living Family
$3567
$5494
🏠 One person rent
$976
$1483
🏘️ Family rent
$1633
$2320
🍽️ Food expenses
$432
$630
🚐 Transport expenses
$69.1
$238
💳 Monthly salary after tax
$936
$3648
😷 Air quality
Excellent
Excellent
✈️ Airport proximity
7 km
5 km
🎓 Higher education
42
86
😀 Quality of life
69
95
🏙️ Population
410K
2.79M

The cost of living in Panama City is 37% less expensive than in Toronto. Cities ranked 3744th and 897th ($1583 vs $2493) in the list of the most expensive cities in the world and ranked 1st and 4th in Panama and Canada, respectively. Check Panama vs Canada comparison.

The average after-tax salary is enough to cover living expenses for 0.6 months in Panama City compared to 1.5 months in Toronto. Panama City ranked 1st best city to live in Panama vs Toronto ranked 2nd in Canada, while ranked 4400th and 29th among best cities to live in the world.

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Prices in Panama City vs Toronto

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

Panama City Toronto
Eating Out
🍱 Lunch Menu
$10.6
$17.4
🥂 Dinner in a Restaurant, for 2
$45.3
$79.8
🥪 Fast food meal, equiv. McDonald's
$7.39
$11.4
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$2.97
$6.67
☕ Cappuccino
$3.94
$4.25
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$1.71
$2.19
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$1062
$1522
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$794
$1292
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$1911
$2479
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$1347
$2036
🔌 Utility Bill one person, electricity, heating, water, etc.
$82.5
$94.8
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$128
$146
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$45.4
$49.9
🏦 Mortgage Interest Rate for 20 Years
6.26%
4.46%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$3048
$9030
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$1725
$7052
Transportation
🚌 Local transport ticket
$0.35
$2.44
🎟️ Monthly ticket local transport
$22.2
$113
🚕 Taxi Ride, 8 km or 5 mi
$17.4
$14.9
⛽ Gas / Petrol, 1 L or 0.26 gal
$0.93
$1.02
Groceries
🥛 Milk, 1 L or 1 qt
$1.84
$2.77
🍞 Bread, 0.5 kg or 1.1 lb
$2.23
$2.53
🍚 Rice, 1 kg or 2.2 lb
$2.33
$3.02
🥚 Eggs, x12
$3.26
$3.47
🧀 Cheese, 1 kg or 2.2 lb
$11.2
$15.6
🐔 Chicken Breast, 1 kg or 2.2 lb
$6.57
$14.2
🥩 Round Steak, 1 kg or 2.2 lb
$9.64
$17.5
🍏 Apples, 1 kg or 2.2 lb
$3.53
$3.99
🍌 Banana, 1 kg or 2.2 lb
$1.62
$1.31
🍊 Oranges, 1 kg or 2.2 lb
$3.29
$3.81
🍅 Tomato, 1 kg or 2.2 lb
$3.03
$4.28
🥔 Potato, 1 kg or 2.2 lb
$2.46
$3.12
🧅 Onion, 1 kg or 2.2 lb
$3.74
$2.19
🌊 Water, 1 L or 1 qt
$1.16
$1.2
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.41
$2.38
🍾 Wine (mid-priced), 750 mL bottle
$11.6
$13.8
🍺 Beer, 0.5 L or 16 fl oz
$1.44
$2.39
🚬 Cigarette pack
$6.04
$14.4
💊 Cold medicince, 1 week
$8.16
$11.7
🧴 Hair Shampoo
$8.03
$6.83
🧻 Toilet paper, 4 rolls
$2.96
$3.56
👄 Toothpaste, 1 tube
$3.04
$3.77
Other
🏋️ Gym Membership, 1 month
$42.8
$50.7
🎫 Cinema Ticket, 1 person
$7.3
$13.2
👩‍⚕️ Doctor's visit
$50.2
$75
💇 Haircut, simple
$14.5
$24.1
👖 Brand Jeans
$53.6
$60.6
👟 Brand Sneakers
$91.3
$85.4
👶 Daycare or Preschool, 1 month
$503
$1056
🏫 International Primary School, 1 year
$13402
$20314

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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

Cities near Toronto

Distance City Cost of living
20 km or 13 mi Vaughan
$2309
23 km or 14 mi Mississauga
$2357
24 km or 15 mi Richmond Hill
$2520
26 km or 16 mi Markham
$2222
31 km or 19 mi Brampton
$2151
34 km or 21 mi Oakville
$2360
35 km or 22 mi Ajax
$2246
46 km or 28 mi Halton Hills
$2079
50 km or 31 mi Oshawa
$1605
51 km or 32 mi Burlington
$2237
54 km or 34 mi New Tecumseth
$2039
56 km or 35 mi St. Catharines
$2046
60 km or 37 mi Hamilton
$2089
65 km or 40 mi Orangeville
$1910
67 km or 41 mi Niagara Falls
$1897
71 km or 44 mi Niagara Falls
$1950
71 km or 44 mi Guelph
$2073
77 km or 48 mi Welland
$1801
81 km or 50 mi Grand Island
$2073
81 km or 51 mi Lockport
$2083
82 km or 51 mi North Tonawanda
$2075
82 km or 51 mi Cambridge
$2087
84 km or 52 mi Barrie
$1480
89 km or 56 mi Brantford
$1901
90 km or 56 mi Amherst
$2136
92 km or 57 mi Kitchener
$2144
94 km or 58 mi Waterloo
$1999
96 km or 59 mi Buffalo
$2277
100 km or 62 mi Cheektowaga
$2182
100 km or 62 mi Clarence
$2115
103 km or 64 mi West Seneca
$2173
103 km or 64 mi Orillia
$1992
105 km or 65 mi Lancaster
$2136
111 km or 69 mi Peterborough
$2001
112 km or 70 mi Hamburg
$1870
114 km or 71 mi Orchard Park
$2035
132 km or 82 mi Stratford
$1735
146 km or 91 mi Greece
$2027
146 km or 91 mi Chili
$2034
148 km or 92 mi Gates
$2029