Panama City vs Vancouver - Cost of Living Comparison

Updated: October 10, 2024

	Panama City	Vancouver
🚶 Cost of living one person	$1384	$2650
👨‍👩‍👧‍👦 Cost of living Family	$3435	$5860
🏠 One person rent	$751	$1697
🏘️ Family rent	$1474	$2823
🍽️ Food expenses	$444	$644
🚐 Transport expenses	$84.4	$150
💳 Monthly salary after tax	$914	$3361
😷 Air quality	Good	Excellent
✈️ Airport proximity	7 km	9 km
🎓 Higher education	42	78
😀 Quality of life	66	92
🏙️ Population	881K	662K

The cost of living in Panama City is 48% less expensive than in Vancouver. Cities ranked 4139th and 512th ($1384 vs $2650) in the list of the most expensive cities in the world and ranked 1st and 1st in Panama and Canada, respectively. Check Panama vs Canada comparison.

The average after-tax salary is enough to cover living expenses for 0.7 months in Panama City compared to 1.3 months in Vancouver. Panama City ranked 1st best city to live in Panama vs Vancouver ranked 5th in Canada, while ranked 3919th and 100th among best cities to live in the world.

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the estimated difference in money purchasing power

Cost of living in Panama City vs Vancouver infographic

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Prices in Panama City vs Vancouver

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

	Panama City	Vancouver
Eating Out
🍱 Lunch Menu	$12.3	$17.1
🥂 Dinner in a Restaurant, for 2	$55.2	$75.7
🥪 Fast food meal, equiv. McDonald's	$7.6	$11.1
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$2.94	$6.59
☕ Cappuccino	$4.25	$4.2
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$1.9	$2.09
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$827	$1905
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$577	$1486
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$1757	$3353
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$1198	$2487
🔌 Utility Bill one person, electricity, heating, water, etc.	$76.7	$69.6
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$118	$106
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$47.4	$57.1
🏦 Mortgage Interest Rate for 20 Years	6.12%	6.44%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$2406	$10997
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$1535	$7402
Transportation
🚌 Local transport ticket	$0.35	$2.36
🎟️ Monthly ticket local transport	$26.2	$100
🚕 Taxi Ride, 8 km or 5 mi	$13.9	$15.6
⛽ Gas / Petrol, 1 L or 0.26 gal	$1.02	$1.41
Groceries
🥛 Milk, 1 L or 1 qt	$1.78	$1.98
🍞 Bread, 0.5 kg or 1.1 lb	$2.12	$2.82
🍚 Rice, 1 kg or 2.2 lb	$2.08	$3.5
🥚 Eggs, x12	$2.67	$4.24
🧀 Cheese, 1 kg or 2.2 lb	$13.2	$16.8
🐔 Chicken Breast, 1 kg or 2.2 lb	$7.23	$16
🥩 Round Steak, 1 kg or 2.2 lb	$10.4	$17.4
🍏 Apples, 1 kg or 2.2 lb	$3.11	$4.34
🍌 Banana, 1 kg or 2.2 lb	$1.54	$1.3
🍊 Oranges, 1 kg or 2.2 lb	$3.09	$3.91
🍅 Tomato, 1 kg or 2.2 lb	$2.94	$4.86
🥔 Potato, 1 kg or 2.2 lb	$2.19	$3.41
🧅 Onion, 1 kg or 2.2 lb	$2.5	$2.82
🌊 Water, 1 L or 1 qt	$1	$1.24
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$2.51	$3.09
🍾 Wine (mid-priced), 750 mL bottle	$9.03	$16
🍺 Beer, 0.5 L or 16 fl oz	$1.14	$3.32
🚬 Cigarette pack	$5.89	$14.4
💊 Cold medicince, 1 week	$10.5	$9.29
🧴 Hair Shampoo	$6.97	$5.16
🧻 Toilet paper, 4 rolls	$3.12	$3.13
👄 Toothpaste, 1 tube	$3.06	$3.22
Other
🏋️ Gym Membership, 1 month	$43.8	$35.6
🎫 Cinema Ticket, 1 person	$6.71	$12.5
👩‍⚕️ Doctor's visit	$49.1	$111
💇 Haircut, simple	$13.7	$21.4
👖 Brand Jeans	$54.3	$65
👟 Brand Sneakers	$90.2	$103
👶 Daycare or Preschool, 1 month	$437	$1165
🏫 International Primary School, 1 year	$9531	$16245

Cost of living in other countries

Cost of living

Cost of Living in the nearest cities

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

Cities near Vancouver

Distance	City	Cost of living
7.8 km or 4.8 mi	North Vancouver	$2502
9.6 km or 6 mi	Richmond	$2220
11 km or 6.8 mi	Burnaby	$2589
17 km or 10 mi	Delta	$2330
20 km or 12 mi	Surrey	$2417
23 km or 14 mi	Coquitlam	$2553
36 km or 22 mi	Langley	$1983
36 km or 23 mi	Maple Ridge	$2243
60 km or 37 mi	Abbotsford	$1976
62 km or 38 mi	Nanaimo	$1789
72 km or 45 mi	Bellingham	$2278
84 km or 52 mi	Chilliwack	$1765
88 km or 54 mi	Saanich	$2248
94 km or 58 mi	Langford	$2185
94 km or 58 mi	Victoria	$2263
97 km or 61 mi	Whistler	$2469
108 km or 67 mi	Mount Vernon	$2314
111 km or 69 mi	Oak Harbor	$2612
129 km or 80 mi	Port Angeles	$2546
130 km or 81 mi	Sequim	$2609
145 km or 90 mi	Courtenay	$1913
149 km or 92 mi	Marysville	$2576
156 km or 97 mi	Lake Stevens	$2581
158 km or 98 mi	Everett	$2569
159 km or 99 mi	Mukilteo	$2619
168 km or 104 mi	Mill Creek	$2692
170 km or 105 mi	Lynnwood	$2769
170 km or 105 mi	Edmonds	$2821
175 km or 109 mi	Shoreline	$3091
177 km or 110 mi	Campbell River	$2263
177 km or 110 mi	Bothell	$2866
178 km or 111 mi	Kenmore	$2784
182 km or 113 mi	Bainbridge Island	$2904
186 km or 116 mi	Kirkland	$2901
190 km or 118 mi	Bremerton	$2491
190 km or 118 mi	Redmond	$3229
191 km or 119 mi	Seattle	$2908
194 km or 120 mi	Bellevue	$3179
198 km or 123 mi	Mercer Island	$2759
198 km or 123 mi	Sammamish	$2743