Panama City vs Winnipeg - Cost of Living Comparison

Updated: March 11, 2026

	Panama City	Winnipeg
🚶 Cost of living one person	$1583	$1834
👨‍👩‍👧‍👦 Cost of living Family	$3567	$4337
🏠 One person rent	$976	$1020
🏘️ Family rent	$1633	$1737
🍽️ Food expenses	$432	$550
🚐 Transport expenses	$69.1	$135
💳 Monthly salary after tax	$936	$2529
😷 Air quality	Excellent	Excellent
✈️ Airport proximity	7 km	7 km
🎓 Higher education	42	46
😀 Quality of life	69	88
🏙️ Population	410K	750K

The cost of living in Panama City is 14% less expensive than in Winnipeg. Cities ranked 3744th and 2723rd ($1583 vs $1834) in the list of the most expensive cities in the world and ranked 1st and 95th 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 26th in Canada, while ranked 4400th and 326th among best cities to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

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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	$14.7
🥂 Dinner in a Restaurant, for 2	$45.3	$65
🥪 Fast food meal, equiv. McDonald's	$7.39	$10.9
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$2.97	$5.83
☕ Cappuccino	$3.94	$4.12
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$1.71	$2.25
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$1062	$924
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$794	$853
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$1911	$1589
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$1347	$1519
🔌 Utility Bill one person, electricity, heating, water, etc.	$82.5	$93.7
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$128	$145
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$45.4	$59.1
🏦 Mortgage Interest Rate for 20 Years	6.26%	5.08%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$3048	$2533
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$1725	$2435
Transportation
🚌 Local transport ticket	$0.35	$2.4
🎟️ Monthly ticket local transport	$22.2	$83.9
🚕 Taxi Ride, 8 km or 5 mi	$17.4	$14.1
⛽ Gas / Petrol, 1 L or 0.26 gal	$0.93	$1.03
Groceries
🥛 Milk, 1 L or 1 qt	$1.84	$1.79
🍞 Bread, 0.5 kg or 1.1 lb	$2.23	$2.32
🍚 Rice, 1 kg or 2.2 lb	$2.33	$3.51
🥚 Eggs, x12	$3.26	$3.33
🧀 Cheese, 1 kg or 2.2 lb	$11.2	$10
🐔 Chicken Breast, 1 kg or 2.2 lb	$6.57	$11
🥩 Round Steak, 1 kg or 2.2 lb	$9.64	$17.3
🍏 Apples, 1 kg or 2.2 lb	$3.53	$3.66
🍌 Banana, 1 kg or 2.2 lb	$1.62	$1.39
🍊 Oranges, 1 kg or 2.2 lb	$3.29	$3.7
🍅 Tomato, 1 kg or 2.2 lb	$3.03	$3.74
🥔 Potato, 1 kg or 2.2 lb	$2.46	$2.61
🧅 Onion, 1 kg or 2.2 lb	$3.74	$2.33
🌊 Water, 1 L or 1 qt	$1.16	$1.07
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$2.41	$2.23
🍾 Wine (mid-priced), 750 mL bottle	$11.6	$12.8
🍺 Beer, 0.5 L or 16 fl oz	$1.44	$3.12
🚬 Cigarette pack	$6.04	$16
💊 Cold medicince, 1 week	$8.16	$9.3
🧴 Hair Shampoo	$8.03	$4.21
🧻 Toilet paper, 4 rolls	$2.96	$2.67
👄 Toothpaste, 1 tube	$3.04	$1.93
Other
🏋️ Gym Membership, 1 month	$42.8	$43.5
🎫 Cinema Ticket, 1 person	$7.3	$13.2
👩‍⚕️ Doctor's visit	$50.2	$78.4
💇 Haircut, simple	$14.5	$18.2
👖 Brand Jeans	$53.6	$46.6
👟 Brand Sneakers	$91.3	$74.8
👶 Daycare or Preschool, 1 month	$503	$1107
🏫 International Primary School, 1 year	$13402	$13280

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	$1425
16 km or 9.9 mi	Tocumen	$1403
26 km or 16 mi	Pacora	$1395
34 km or 21 mi	La Chorrera	$977
59 km or 37 mi	Colon	$1179
108 km or 67 mi	Penonome	$1153
154 km or 96 mi	Chitre	$1154
190 km or 118 mi	Santiago de Veraguas	$1122
321 km or 199 mi	Turbo	$764
329 km or 204 mi	David	$922
398 km or 247 mi	Monteria	$703
403 km or 250 mi	Limon	$1332
406 km or 252 mi	Santa Cruz de Lorica	$764
452 km or 281 mi	Sincelejo	$572
463 km or 288 mi	Cartagena	$1155
483 km or 300 mi	Quibdo	$757
494 km or 307 mi	Cartago	$1290
513 km or 319 mi	San Jose	$1454
518 km or 322 mi	Heredia	$1378
521 km or 324 mi	Magangue	$707
526 km or 327 mi	Bello	$915
529 km or 329 mi	Alajuela	$1323
530 km or 329 mi	Medellin	$1071
534 km or 332 mi	Envigado	$992
558 km or 347 mi	Soledad	$950
559 km or 348 mi	Barranquilla	$909
595 km or 370 mi	Puntarenas	$825
617 km or 383 mi	Cartago	$738
617 km or 383 mi	Cienaga	$874
623 km or 387 mi	Manizales	$717
627 km or 390 mi	Santa Teresa	$1273
627 km or 390 mi	Pereira	$789
631 km or 392 mi	Santa Marta	$971
632 km or 393 mi	Buenaventura	$825
636 km or 395 mi	Minca	$887
651 km or 404 mi	Salento	$709
652 km or 405 mi	Armenia	$719
657 km or 408 mi	Tulua	$537
658 km or 409 mi	Barrancabermeja	$1040
675 km or 419 mi	Liberia	$957

Cities near Winnipeg

Distance	City	Cost of living
201 km or 125 mi	Brandon	$1406
218 km or 135 mi	Grand Forks	$1842
335 km or 208 mi	Fargo	$1634
335 km or 208 mi	West Fargo	$1763
336 km or 209 mi	Moorhead	$2147
353 km or 219 mi	Minot	$1665
434 km or 270 mi	Bismarck	$1981
438 km or 272 mi	Mandan	$2031
501 km or 312 mi	Aberdeen	$1576
508 km or 316 mi	Duluth	$1945
510 km or 317 mi	Williston	$1747
513 km or 319 mi	Superior	$2354
530 km or 330 mi	St. Cloud	$1573
535 km or 332 mi	Regina	$1762
554 km or 344 mi	Watertown	$2098
574 km or 357 mi	Elk River	$2392
584 km or 363 mi	Ramsey	$2582
592 km or 368 mi	Andover	$2354
593 km or 368 mi	Champlin	$2410
598 km or 372 mi	Thunder Bay	$1709
601 km or 374 mi	Moose Jaw	$1506
602 km or 374 mi	Blaine	$2361
603 km or 374 mi	Maple Grove	$2303
604 km or 375 mi	Coon Rapids	$2175
604 km or 375 mi	Brooklyn Park	$2273
607 km or 377 mi	Lino Lakes	$2275
608 km or 378 mi	Brooklyn Center	$2277
608 km or 378 mi	Fridley	$2273
609 km or 378 mi	Plymouth	$2290
609 km or 378 mi	New Hope	$2284
610 km or 379 mi	Crystal	$2288
612 km or 380 mi	New Brighton	$2260
612 km or 381 mi	Golden Valley	$2289
613 km or 381 mi	Shoreview	$2257
617 km or 383 mi	Minnetonka	$2293
617 km or 384 mi	White Bear Lake	$2234
618 km or 384 mi	St. Louis Park	$2287
618 km or 384 mi	Minneapolis	$2384
620 km or 385 mi	Roseville	$2219
621 km or 386 mi	Brookings	$2429