Panama City vs Toronto - Cost of Living Comparison

Updated:

Livingcost

Panama City Toronto
🚶 Cost of living one person
$1590
$2415
👨‍👩‍👧‍👦 Cost of living Family
$3556
$5363
🏠 One person rent
$946
$1430
🏘️ Family rent
$1545
$2259
🍽️ Food expenses
$439
$606
🚐 Transport expenses
$100
$236
💳 Monthly salary after tax
$973
$3517
😷 Air quality
Excellent
Excellent
✈️ Airport proximity
7 km
5 km
🎓 Higher education
42
86
😀 Quality of life
71
94
🏙️ Population
1.54M
2.79M

The cost of living in Panama City is 34% less expensive than in Toronto. Cities ranked 3634th and 1059th ($1590 vs $2415) in the list of the most expensive cities in the world and ranked 1st and 6th 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 1st in Canada, while ranked 3213th and 46th 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
$9.69
$17.3
🥂 Dinner in a Restaurant, for 2
$45.4
$78.4
🥪 Fast food meal, equiv. McDonald's
$8.03
$10.9
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$2.93
$6.66
☕ Cappuccino
$4.3
$4.26
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$1.82
$2.15
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$1068
$1469
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$747
$1255
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$1913
$2469
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$1223
$1987
🔌 Utility Bill one person, electricity, heating, water, etc.
$90.4
$84.4
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$140
$128
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$44.6
$47.9
🏦 Mortgage Interest Rate for 20 Years
6.27%
4.71%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$3111
$8879
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$1732
$6979
Transportation
🚌 Local transport ticket
$0.35
$2.41
🎟️ Monthly ticket local transport
$22.5
$111
🚕 Taxi Ride, 8 km or 5 mi
$14.7
$14.7
⛽ Gas / Petrol, 1 L or 0.26 gal
$0.98
$1.14
Groceries
🥛 Milk, 1 L or 1 qt
$1.83
$2.77
🍞 Bread, 0.5 kg or 1.1 lb
$2.17
$2.7
🍚 Rice, 1 kg or 2.2 lb
$2.34
$2.58
🥚 Eggs, x12
$3.11
$3.5
🧀 Cheese, 1 kg or 2.2 lb
$12.1
$14.1
🐔 Chicken Breast, 1 kg or 2.2 lb
$7.11
$13.2
🥩 Round Steak, 1 kg or 2.2 lb
$10.6
$16.6
🍏 Apples, 1 kg or 2.2 lb
$3.56
$3.83
🍌 Banana, 1 kg or 2.2 lb
$1.54
$1.26
🍊 Oranges, 1 kg or 2.2 lb
$3.7
$3.8
🍅 Tomato, 1 kg or 2.2 lb
$3.36
$4.15
🥔 Potato, 1 kg or 2.2 lb
$2.62
$2.8
🧅 Onion, 1 kg or 2.2 lb
$3.19
$1.89
🌊 Water, 1 L or 1 qt
$1.24
$1.01
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.37
$2.31
🍾 Wine (mid-priced), 750 mL bottle
$12.1
$14.3
🍺 Beer, 0.5 L or 16 fl oz
$1.35
$2.33
🚬 Cigarette pack
$5.95
$14.2
💊 Cold medicince, 1 week
$8.08
$11.7
🧴 Hair Shampoo
$7.95
$6.04
🧻 Toilet paper, 4 rolls
$2.92
$3.48
👄 Toothpaste, 1 tube
$3.05
$3.66
Other
🏋️ Gym Membership, 1 month
$41.9
$45.2
🎫 Cinema Ticket, 1 person
$7.52
$13.7
👩‍⚕️ Doctor's visit
$42.9
$73.5
💇 Haircut, simple
$14.5
$23.4
👖 Brand Jeans
$58.4
$61.4
👟 Brand Sneakers
$90.7
$89.2
👶 Daycare or Preschool, 1 month
$505
$930
🏫 International Primary School, 1 year
$11486
$22670

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Cities near Panama City

Distance City Cost of living
8.1 km or 5 mi Balboa
$1396
16 km or 9.9 mi Tocumen
$1373
26 km or 16 mi Pacora
$1361
34 km or 21 mi La Chorrera
$982
59 km or 37 mi Colon
$1185
108 km or 67 mi Penonome
$1147
154 km or 96 mi Chitre
$1144
190 km or 118 mi Santiago de Veraguas
$1112
321 km or 199 mi Turbo
$797
329 km or 204 mi David
$909
398 km or 247 mi Monteria
$733
403 km or 250 mi Limon
$1228
406 km or 252 mi Santa Cruz de Lorica
$789
452 km or 281 mi Sincelejo
$586
463 km or 288 mi Cartagena
$1186
483 km or 300 mi Quibdo
$802
494 km or 307 mi Cartago
$1361
513 km or 319 mi San Jose
$1574
518 km or 322 mi Heredia
$1471
521 km or 324 mi Magangue
$727
526 km or 327 mi Bello
$1012
529 km or 329 mi Alajuela
$1362
530 km or 329 mi Medellin
$1162
534 km or 332 mi Envigado
$1041
558 km or 347 mi Soledad
$967
559 km or 348 mi Barranquilla
$931
595 km or 370 mi Puntarenas
$872
617 km or 383 mi Cartago
$769
617 km or 383 mi Cienaga
$882
623 km or 387 mi Manizales
$737
627 km or 390 mi Santa Teresa
$1325
627 km or 390 mi Pereira
$862
631 km or 392 mi Santa Marta
$973
632 km or 393 mi Buenaventura
$856
636 km or 395 mi Minca
$891
651 km or 404 mi Salento
$749
652 km or 405 mi Armenia
$749
657 km or 408 mi Tulua
$563
658 km or 409 mi Barrancabermeja
$1001
675 km or 419 mi Liberia
$1024

Cities near Toronto

Distance City Cost of living
20 km or 13 mi Vaughan
$2233
23 km or 14 mi Mississauga
$2308
24 km or 15 mi Richmond Hill
$2483
26 km or 16 mi Markham
$2172
31 km or 19 mi Brampton
$2102
34 km or 21 mi Oakville
$2318
35 km or 22 mi Ajax
$2124
46 km or 28 mi Halton Hills
$2034
50 km or 31 mi Oshawa
$1581
51 km or 32 mi Burlington
$2214
54 km or 34 mi New Tecumseth
$1997
56 km or 35 mi St. Catharines
$1994
60 km or 37 mi Hamilton
$2006
65 km or 40 mi Orangeville
$1892
67 km or 41 mi Niagara Falls
$1892
71 km or 44 mi Niagara Falls
$1958
71 km or 44 mi Guelph
$2017
77 km or 48 mi Welland
$1848
81 km or 50 mi Grand Island
$2078
81 km or 51 mi Lockport
$2081
82 km or 51 mi North Tonawanda
$2084
82 km or 51 mi Cambridge
$2049
84 km or 52 mi Barrie
$1449
89 km or 56 mi Brantford
$1832
90 km or 56 mi Amherst
$2138
92 km or 57 mi Kitchener
$2109
94 km or 58 mi Waterloo
$1936
96 km or 59 mi Buffalo
$2303
100 km or 62 mi Cheektowaga
$2175
100 km or 62 mi Clarence
$2123
103 km or 64 mi West Seneca
$2181
103 km or 64 mi Orillia
$1939
105 km or 65 mi Lancaster
$2125
111 km or 69 mi Peterborough
$1953
112 km or 70 mi Hamburg
$1863
114 km or 71 mi Orchard Park
$2030
132 km or 82 mi Stratford
$1706
146 km or 91 mi Greece
$2046
146 km or 91 mi Chili
$2035
148 km or 92 mi Gates
$2053