Panama City vs Winnipeg - Cost of Living Comparison

Updated: June 21, 2026

	Panama City	Winnipeg
🚶 Cost of living one person	$1590	$1842
👨‍👩‍👧‍👦 Cost of living Family	$3556	$4327
🏠 One person rent	$946	$1049
🏘️ Family rent	$1545	$1774
🍽️ Food expenses	$439	$539
🚐 Transport expenses	$100	$133
💳 Monthly salary after tax	$973	$2587
😷 Air quality	Excellent	Excellent
✈️ Airport proximity	7 km	7 km
🎓 Higher education	42	46
😀 Quality of life	71	88
🏙️ Population	1.54M	750K

The cost of living in Panama City is 14% less expensive than in Winnipeg. Cities ranked 3634th and 2623rd ($1590 vs $1842) in the list of the most expensive cities in the world and ranked 1st and 86th 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 17th in Canada, while ranked 3213th and 292nd among best cities to live in the world.

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the estimated difference in money purchasing power

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Prices in Panama City vs Winnipeg

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	Panama City	Winnipeg
Eating Out
🍱 Lunch Menu	$9.69	$14.3
🥂 Dinner in a Restaurant, for 2	$45.4	$62.3
🥪 Fast food meal, equiv. McDonald's	$8.03	$10.7
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$2.93	$5.98
☕ Cappuccino	$4.3	$3.83
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$1.82	$2.19
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$1068	$893
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$747	$896
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$1913	$1637
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$1223	$1548
🔌 Utility Bill one person, electricity, heating, water, etc.	$90.4	$98.2
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$140	$153
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$44.6	$55.1
🏦 Mortgage Interest Rate for 20 Years	6.27%	4.57%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$3111	$2362
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$1732	$2380
Transportation
🚌 Local transport ticket	$0.35	$2.39
🎟️ Monthly ticket local transport	$22.5	$82.8
🚕 Taxi Ride, 8 km or 5 mi	$14.7	$13.7
⛽ Gas / Petrol, 1 L or 0.26 gal	$0.98	$1.1
Groceries
🥛 Milk, 1 L or 1 qt	$1.83	$1.55
🍞 Bread, 0.5 kg or 1.1 lb	$2.17	$2.25
🍚 Rice, 1 kg or 2.2 lb	$2.34	$3.53
🥚 Eggs, x12	$3.11	$3.46
🧀 Cheese, 1 kg or 2.2 lb	$12.1	$9.27
🐔 Chicken Breast, 1 kg or 2.2 lb	$7.11	$10.5
🥩 Round Steak, 1 kg or 2.2 lb	$10.6	$16.3
🍏 Apples, 1 kg or 2.2 lb	$3.56	$3.75
🍌 Banana, 1 kg or 2.2 lb	$1.54	$1.41
🍊 Oranges, 1 kg or 2.2 lb	$3.7	$3.55
🍅 Tomato, 1 kg or 2.2 lb	$3.36	$3.69
🥔 Potato, 1 kg or 2.2 lb	$2.62	$2.31
🧅 Onion, 1 kg or 2.2 lb	$3.19	$2.67
🌊 Water, 1 L or 1 qt	$1.24	$1.08
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$2.37	$2.15
🍾 Wine (mid-priced), 750 mL bottle	$12.1	$13
🍺 Beer, 0.5 L or 16 fl oz	$1.35	$3.01
🚬 Cigarette pack	$5.95	$17.1
💊 Cold medicince, 1 week	$8.08	$9.33
🧴 Hair Shampoo	$7.95	$4.1
🧻 Toilet paper, 4 rolls	$2.92	$2.63
👄 Toothpaste, 1 tube	$3.05	$1.9
Other
🏋️ Gym Membership, 1 month	$41.9	$41
🎫 Cinema Ticket, 1 person	$7.52	$11.3
👩‍⚕️ Doctor's visit	$42.9	$77
💇 Haircut, simple	$14.5	$17.6
👖 Brand Jeans	$58.4	$43.3
👟 Brand Sneakers	$90.7	$72
👶 Daycare or Preschool, 1 month	$505	$1080
🏫 International Primary School, 1 year	$11486	$15143

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	$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 Winnipeg

Distance	City	Cost of living
201 km or 125 mi	Brandon	$1403
218 km or 135 mi	Grand Forks	$1834
335 km or 208 mi	Fargo	$1637
335 km or 208 mi	West Fargo	$1761
336 km or 209 mi	Moorhead	$2138
353 km or 219 mi	Minot	$1668
434 km or 270 mi	Bismarck	$1947
438 km or 272 mi	Mandan	$2011
501 km or 312 mi	Aberdeen	$1703
508 km or 316 mi	Duluth	$1927
510 km or 317 mi	Williston	$1748
513 km or 319 mi	Superior	$2351
530 km or 330 mi	St. Cloud	$1636
535 km or 332 mi	Regina	$1739
554 km or 344 mi	Watertown	$1996
574 km or 357 mi	Elk River	$2391
584 km or 363 mi	Ramsey	$2618
592 km or 368 mi	Andover	$2326
593 km or 368 mi	Champlin	$2402
598 km or 372 mi	Thunder Bay	$1679
601 km or 374 mi	Moose Jaw	$1451
602 km or 374 mi	Blaine	$2356
603 km or 374 mi	Maple Grove	$2321
604 km or 375 mi	Coon Rapids	$2206
604 km or 375 mi	Brooklyn Park	$2296
607 km or 377 mi	Lino Lakes	$2267
608 km or 378 mi	Brooklyn Center	$2327
608 km or 378 mi	Fridley	$2270
609 km or 378 mi	Plymouth	$2312
609 km or 378 mi	New Hope	$2304
610 km or 379 mi	Crystal	$2319
612 km or 380 mi	New Brighton	$2273
612 km or 381 mi	Golden Valley	$2323
613 km or 381 mi	Shoreview	$2251
617 km or 383 mi	Minnetonka	$2315
617 km or 384 mi	White Bear Lake	$2228
618 km or 384 mi	St. Louis Park	$2331
618 km or 384 mi	Minneapolis	$2434
620 km or 385 mi	Roseville	$2223
621 km or 386 mi	Brookings	$2310