Panama City vs Winnipeg - Cost of Living Comparison

Updated: October 14, 2025

	Panama City	Winnipeg
🚶 Cost of living one person	$1560	$1817
👨‍👩‍👧‍👦 Cost of living Family	$3547	$4213
🏠 One person rent	$943	$1012
🏘️ Family rent	$1558	$1688
🍽️ Food expenses	$429	$546
🚐 Transport expenses	$78.4	$133
💳 Monthly salary after tax	$982	$2544
😷 Air quality	Excellent	Excellent
✈️ Airport proximity	7 km	7 km
🎓 Higher education	43	45
😀 Quality of life	71	89
🏙️ Population	410K	750K

The cost of living in Panama City is 14% less expensive than in Winnipeg. Cities ranked 3737th and 2674th ($1560 vs $1817) in the list of the most expensive cities in the world and ranked 1st and 79th 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 1.4 months in Winnipeg. Panama City ranked 1st best city to live in Panama vs Winnipeg ranked 20th in Canada, while ranked 3765th and 251st 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	$10.6	$15.5
🥂 Dinner in a Restaurant, for 2	$45.7	$65.7
🥪 Fast food meal, equiv. McDonald's	$8.08	$10.7
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$2.93	$5.21
☕ Cappuccino	$4.03	$3.89
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$1.69	$2.24
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$1015	$838
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$759	$868
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$1675	$1468
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$1306	$1496
🔌 Utility Bill one person, electricity, heating, water, etc.	$86.4	$88
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$133	$136
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$45.5	$61.3
🏦 Mortgage Interest Rate for 20 Years	6.41%	5.4%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$2662	$2975
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$1618	$2686
Transportation
🚌 Local transport ticket	$0.35	$2.32
🎟️ Monthly ticket local transport	$23.2	$82.7
🚕 Taxi Ride, 8 km or 5 mi	$20.5	$14.2
⛽ Gas / Petrol, 1 L or 0.26 gal	$0.97	$1
Groceries
🥛 Milk, 1 L or 1 qt	$1.79	$1.7
🍞 Bread, 0.5 kg or 1.1 lb	$2.25	$2.28
🍚 Rice, 1 kg or 2.2 lb	$2.11	$3.43
🥚 Eggs, x12	$3.17	$3.17
🧀 Cheese, 1 kg or 2.2 lb	$11.7	$10.1
🐔 Chicken Breast, 1 kg or 2.2 lb	$6.81	$10.9
🥩 Round Steak, 1 kg or 2.2 lb	$9.86	$16.7
🍏 Apples, 1 kg or 2.2 lb	$3.27	$3.79
🍌 Banana, 1 kg or 2.2 lb	$1.52	$1.32
🍊 Oranges, 1 kg or 2.2 lb	$3.27	$3.72
🍅 Tomato, 1 kg or 2.2 lb	$3.05	$3.47
🥔 Potato, 1 kg or 2.2 lb	$2.34	$2.64
🧅 Onion, 1 kg or 2.2 lb	$3.26	$2.27
🌊 Water, 1 L or 1 qt	$1.05	$1
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$2.44	$2.18
🍾 Wine (mid-priced), 750 mL bottle	$11.2	$12.8
🍺 Beer, 0.5 L or 16 fl oz	$1.38	$3.09
🚬 Cigarette pack	$5.92	$15.8
💊 Cold medicince, 1 week	$8.17	$9.27
🧴 Hair Shampoo	$8.06	$4.08
🧻 Toilet paper, 4 rolls	$2.98	$2.38
👄 Toothpaste, 1 tube	$3.05	$2.07
Other
🏋️ Gym Membership, 1 month	$42.6	$38.4
🎫 Cinema Ticket, 1 person	$7.32	$12.5
👩‍⚕️ Doctor's visit	$58.4	$76
💇 Haircut, simple	$14.3	$17.6
👖 Brand Jeans	$54	$47.3
👟 Brand Sneakers	$91.3	$78.4
👶 Daycare or Preschool, 1 month	$477	$956
🏫 International Primary School, 1 year	$15637	$11646

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	$1400
16 km or 9.9 mi	Tocumen	$1377
26 km or 16 mi	Pacora	$1371
34 km or 21 mi	La Chorrera	$981
59 km or 37 mi	Colon	$1188
108 km or 67 mi	Penonome	$1150
154 km or 96 mi	Chitre	$1150
190 km or 118 mi	Santiago de Veraguas	$1122
321 km or 199 mi	Turbo	$721
329 km or 204 mi	David	$925
398 km or 247 mi	Monteria	$663
403 km or 250 mi	Limon	$1288
406 km or 252 mi	Santa Cruz de Lorica	$715
452 km or 281 mi	Sincelejo	$547
463 km or 288 mi	Cartagena	$1105
483 km or 300 mi	Quibdo	$708
494 km or 307 mi	Cartago	$1241
513 km or 319 mi	San Jose	$1398
518 km or 322 mi	Heredia	$1335
521 km or 324 mi	Magangue	$667
526 km or 327 mi	Bello	$881
529 km or 329 mi	Alajuela	$1303
530 km or 329 mi	Medellin	$1030
534 km or 332 mi	Envigado	$950
558 km or 347 mi	Soledad	$883
559 km or 348 mi	Barranquilla	$843
595 km or 370 mi	Puntarenas	$821
617 km or 383 mi	Cartago	$679
617 km or 383 mi	Cienaga	$831
623 km or 387 mi	Manizales	$678
627 km or 390 mi	Santa Teresa	$1236
627 km or 390 mi	Pereira	$730
631 km or 392 mi	Santa Marta	$929
632 km or 393 mi	Buenaventura	$782
636 km or 395 mi	Minca	$847
651 km or 404 mi	Salento	$655
652 km or 405 mi	Armenia	$667
657 km or 408 mi	Tulua	$511
658 km or 409 mi	Barrancabermeja	$1082
675 km or 419 mi	Liberia	$953

Cities near Winnipeg

Distance	City	Cost of living
201 km or 125 mi	Brandon	$1320
218 km or 135 mi	Grand Forks	$1884
335 km or 208 mi	Fargo	$1663
335 km or 208 mi	West Fargo	$1786
336 km or 209 mi	Moorhead	$2130
353 km or 219 mi	Minot	$1687
434 km or 270 mi	Bismarck	$1974
438 km or 272 mi	Mandan	$2033
501 km or 312 mi	Aberdeen	$1637
508 km or 316 mi	Duluth	$1929
510 km or 317 mi	Williston	$1714
513 km or 319 mi	Superior	$2357
530 km or 330 mi	St. Cloud	$1456
535 km or 332 mi	Regina	$1675
554 km or 344 mi	Watertown	$2265
574 km or 357 mi	Elk River	$2422
584 km or 363 mi	Ramsey	$2678
592 km or 368 mi	Andover	$2386
593 km or 368 mi	Champlin	$2478
598 km or 372 mi	Thunder Bay	$1693
601 km or 374 mi	Moose Jaw	$1486
602 km or 374 mi	Blaine	$2528
603 km or 374 mi	Maple Grove	$2329
604 km or 375 mi	Coon Rapids	$2283
604 km or 375 mi	Brooklyn Park	$2335
607 km or 377 mi	Lino Lakes	$2320
608 km or 378 mi	Brooklyn Center	$2328
608 km or 378 mi	Fridley	$2330
609 km or 378 mi	Plymouth	$2307
609 km or 378 mi	New Hope	$2305
610 km or 379 mi	Crystal	$2306
612 km or 380 mi	New Brighton	$2302
612 km or 381 mi	Golden Valley	$2285
613 km or 381 mi	Shoreview	$2289
617 km or 383 mi	Minnetonka	$2317
617 km or 384 mi	White Bear Lake	$2252
618 km or 384 mi	St. Louis Park	$2277
618 km or 384 mi	Minneapolis	$2380
620 km or 385 mi	Roseville	$2221
621 km or 386 mi	Brookings	$2714