Panama City vs Winnipeg - Cost of Living Comparison

Updated: March 02, 2025

	Panama City	Winnipeg
🚶 Cost of living one person	$1479	$1777
👨‍👩‍👧‍👦 Cost of living Family	$3609	$4066
🏠 One person rent	$846	$984
🏘️ Family rent	$1592	$1595
🍽️ Food expenses	$440	$542
🚐 Transport expenses	$83	$128
💳 Monthly salary after tax	$967	$2512
😷 Air quality	Good	Excellent
✈️ Airport proximity	7 km	7 km
🎓 Higher education	42	46
😀 Quality of life	67	87
🏙️ Population	881K	750K

The cost of living in Panama City is 17% less expensive than in Winnipeg. Cities ranked 3517th and 2455th ($1479 vs $1777) in the list of the most expensive cities in the world and ranked 1st and 78th 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 1.4 months in Winnipeg. Panama City ranked 1st best city to live in Panama vs Winnipeg ranked 20th in Canada, while ranked 3734th and 258th 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 Winnipeg infographic

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Prices in Panama City vs Winnipeg

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

	Panama City	Winnipeg
Eating Out
🍱 Lunch Menu	$10.4	$17.7
🥂 Dinner in a Restaurant, for 2	$48.5	$62.6
🥪 Fast food meal, equiv. McDonald's	$8.06	$10.4
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$2.97	$4.92
☕ Cappuccino	$3.99	$3.8
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$1.66	$2.28
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$891	$772
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$681	$856
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$1749	$1376
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$1344	$1408
🔌 Utility Bill one person, electricity, heating, water, etc.	$78	$87.8
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$121	$136
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$45.4	$57.1
🏦 Mortgage Interest Rate for 20 Years	6.28%	6.35%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$2551	$3061
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$1632	$2813
Transportation
🚌 Local transport ticket	$0.42	$2.27
🎟️ Monthly ticket local transport	$23.2	$78.8
🚕 Taxi Ride, 8 km or 5 mi	$14.3	$13.5
⛽ Gas / Petrol, 1 L or 0.26 gal	$0.96	$0.98
Groceries
🥛 Milk, 1 L or 1 qt	$1.8	$1.47
🍞 Bread, 0.5 kg or 1.1 lb	$2.19	$2.11
🍚 Rice, 1 kg or 2.2 lb	$2.33	$3.74
🥚 Eggs, x12	$2.77	$3.08
🧀 Cheese, 1 kg or 2.2 lb	$12.4	$9.11
🐔 Chicken Breast, 1 kg or 2.2 lb	$7.09	$10.6
🥩 Round Steak, 1 kg or 2.2 lb	$9.99	$17
🍏 Apples, 1 kg or 2.2 lb	$3.44	$3.54
🍌 Banana, 1 kg or 2.2 lb	$1.58	$1.26
🍊 Oranges, 1 kg or 2.2 lb	$2.89	$3.5
🍅 Tomato, 1 kg or 2.2 lb	$2.94	$3.17
🥔 Potato, 1 kg or 2.2 lb	$2.23	$2.61
🧅 Onion, 1 kg or 2.2 lb	$2.8	$2.01
🌊 Water, 1 L or 1 qt	$1.07	$0.95
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$2.31	$2.14
🍾 Wine (mid-priced), 750 mL bottle	$10	$11.9
🍺 Beer, 0.5 L or 16 fl oz	$1.29	$3.19
🚬 Cigarette pack	$5.98	$15.6
💊 Cold medicince, 1 week	$11.7	$9.34
🧴 Hair Shampoo	$7.94	$4.02
🧻 Toilet paper, 4 rolls	$3.37	$2.38
👄 Toothpaste, 1 tube	$3.71	$2.05
Other
🏋️ Gym Membership, 1 month	$45.3	$36.6
🎫 Cinema Ticket, 1 person	$7.22	$11.2
👩‍⚕️ Doctor's visit	$54.5	$74.6
💇 Haircut, simple	$12.9	$17.7
👖 Brand Jeans	$56.8	$50.4
👟 Brand Sneakers	$93.2	$81.7
👶 Daycare or Preschool, 1 month	$477	$858
🏫 International Primary School, 1 year	$13616	$11629

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	$1328
16 km or 9.9 mi	Tocumen	$1310
26 km or 16 mi	Pacora	$1304
34 km or 21 mi	La Chorrera	$957
59 km or 37 mi	Colon	$1172
108 km or 67 mi	Penonome	$1116
154 km or 96 mi	Chitre	$1117
190 km or 118 mi	Santiago de Veraguas	$1089
321 km or 199 mi	Turbo	$664
329 km or 204 mi	David	$890
398 km or 247 mi	Monteria	$645
403 km or 250 mi	Limon	$1225
406 km or 252 mi	Santa Cruz de Lorica	$669
452 km or 281 mi	Sincelejo	$524
463 km or 288 mi	Cartagena	$760
483 km or 300 mi	Quibdo	$705
494 km or 307 mi	Cartago	$1024
513 km or 319 mi	San Jose	$1324
518 km or 322 mi	Heredia	$1296
521 km or 324 mi	Magangue	$604
526 km or 327 mi	Bello	$839
529 km or 329 mi	Alajuela	$1269
530 km or 329 mi	Medellin	$906
534 km or 332 mi	Envigado	$897
558 km or 347 mi	Soledad	$741
559 km or 348 mi	Barranquilla	$773
595 km or 370 mi	Puntarenas	$801
617 km or 383 mi	Cartago	$649
617 km or 383 mi	Cienaga	$742
623 km or 387 mi	Manizales	$653
627 km or 390 mi	Santa Teresa	$1213
627 km or 390 mi	Pereira	$680
631 km or 392 mi	Santa Marta	$837
632 km or 393 mi	Buenaventura	$742
636 km or 395 mi	Minca	$759
651 km or 404 mi	Salento	$605
652 km or 405 mi	Armenia	$598
657 km or 408 mi	Tulua	$513
658 km or 409 mi	Barrancabermeja	$1031
675 km or 419 mi	Liberia	$932

Cities near Winnipeg

Distance	City	Cost of living
201 km or 125 mi	Brandon	$1296
218 km or 135 mi	Grand Forks	$1871
335 km or 208 mi	Fargo	$1666
335 km or 208 mi	West Fargo	$1787
336 km or 209 mi	Moorhead	$2105
353 km or 219 mi	Minot	$1680
434 km or 270 mi	Bismarck	$1701
438 km or 272 mi	Mandan	$1813
501 km or 312 mi	Aberdeen	$2175
508 km or 316 mi	Duluth	$1759
510 km or 317 mi	Williston	$1698
513 km or 319 mi	Superior	$2028
530 km or 330 mi	St. Cloud	$1423
535 km or 332 mi	Regina	$1540
554 km or 344 mi	Watertown	$2390
574 km or 357 mi	Elk River	$2435
584 km or 363 mi	Ramsey	$2682
592 km or 368 mi	Andover	$2401
593 km or 368 mi	Champlin	$2478
598 km or 372 mi	Thunder Bay	$1656
601 km or 374 mi	Moose Jaw	$1360
602 km or 374 mi	Blaine	$2557
603 km or 374 mi	Maple Grove	$2321
604 km or 375 mi	Coon Rapids	$2328
604 km or 375 mi	Brooklyn Park	$2340
607 km or 377 mi	Lino Lakes	$2324
608 km or 378 mi	Brooklyn Center	$2297
608 km or 378 mi	Fridley	$2331
609 km or 378 mi	Plymouth	$2280
609 km or 378 mi	New Hope	$2281
610 km or 379 mi	Crystal	$2255
612 km or 380 mi	New Brighton	$2275
612 km or 381 mi	Golden Valley	$2239
613 km or 381 mi	Shoreview	$2264
617 km or 383 mi	Minnetonka	$2317
617 km or 384 mi	White Bear Lake	$2213
618 km or 384 mi	St. Louis Park	$2234
618 km or 384 mi	Minneapolis	$2308
620 km or 385 mi	Roseville	$2157
621 km or 386 mi	Brookings	$2699