Panama City vs Toronto Cost of Living
Panama City (Panama) · Overall index 40.0 — Toronto (Canada) · Overall index 67.1
Summary
- Overall, Toronto is 68% more expensive than Panama City.
- Transport in Toronto is 81% more expensive than in Panama City.
- Rent in Toronto is 76% more expensive than in Panama City.
| Item | Panama City | Toronto | Diff |
|---|---|---|---|
| Rent | +76% | ||
| 1-bedroom apartment, city centre (monthly) | $1,121 | $1,981 | +77% |
| 1-bedroom apartment, outside centre (monthly) | $792 | $1,407 | +78% |
| 3-bedroom apartment, city centre (monthly) | $2,348 | $3,672 | +56% |
| 3-bedroom apartment, outside centre (monthly) | $1,423 | $2,749 | +93% |
| Groceries | +66% | ||
| Milk (1L) | $0.67 | $1.19 | +78% |
| White bread (500g) | $1.92 | $3.39 | +77% |
| Rice (1kg) | $2.74 | $4.39 | +60% |
| Eggs (12) | $2.24 | $4.27 | +91% |
| Local cheese (1kg) | $6.58 | $11.2 | +70% |
| Chicken fillets (1kg) | $6.43 | $9.45 | +47% |
| Beef round (1kg) | $9.41 | $14 | +49% |
| Apples (1kg) | $2.78 | $4.7 | +69% |
| Bananas (1kg) | $1.05 | $1.87 | +78% |
| Oranges (1kg) | $2.23 | $3.71 | +66% |
| Tomatoes (1kg) | $2.63 | $4.59 | +75% |
| Potatoes (1kg) | $1.41 | $2.56 | +82% |
| Onions (1kg) | $1.57 | $2.05 | +31% |
| Lettuce (1 head) | $1.29 | $2.32 | +80% |
| Water (1.5L bottle) | $1.33 | $1.89 | +42% |
| Bottle of wine (mid-range) | $7.7 | $12.4 | +61% |
| Transport | +81% | ||
| Public transport, one-way ticket | $1.18 | $2.15 | +82% |
| Public transport, monthly pass | $49.4 | $94.1 | +90% |
| Taxi, base fare | $1.87 | $2.85 | +52% |
| Taxi, per km | $0.77 | $1.46 | +90% |
| Gasoline (1L) | $0.44 | $0.8 | +82% |
| New compact car (e.g., VW Golf) | $11,760 | $22,934 | +95% |
| Dining out | +72% | ||
| Meal, inexpensive restaurant | $10.8 | $15.9 | +47% |
| Meal for 2, mid-range restaurant (3 courses) | $49 | $100 | +104% |
| Fast food combo meal | $5.25 | $9.49 | +81% |
| Cappuccino | $2.6 | $3.96 | +52% |
| Coke/Pepsi (0.33L, restaurant) | $1.1 | $1.93 | +75% |
| Domestic beer (0.5L, restaurant) | $3.28 | $5.65 | +72% |
| Imported beer (0.33L, restaurant) | $3.8 | $6.42 | +69% |
| Water (0.33L, restaurant) | $0.97 | $1.79 | +85% |
| Telecom | +51% | ||
| Mobile plan, calls + 10GB+ data (monthly) | $39.3 | $54.7 | +39% |
| Broadband internet 60Mbps+ (monthly) | $37 | $58 | +57% |
| Prepaid mobile tariff (1 min) | $0.17 | $0.28 | +65% |
| Video streaming subscription (monthly) | $9.09 | $13.3 | +46% |
| Utilities & household | +61% | ||
| Basic utilities, 85m² apartment (monthly) | $84.6 | $147 | +74% |
| Electricity (1 kWh) | $0.1 | $0.19 | +90% |
| Tap water (1m³) | $2.61 | $4.15 | +59% |
| Natural gas (1m³) | $0.71 | $1.14 | +61% |
| Waste collection (monthly) | $11 | $16.6 | +51% |
| Fitness club (monthly) | $43.3 | $73.8 | +70% |
| Cinema ticket (1 seat) | $8.58 | $11.3 | +32% |
| Men's haircut | $15.7 | $24.9 | +59% |
| Domestic cleaning (1 hour) | $13 | $20.1 | +55% |
| Private kindergarten (monthly) | $984 | $1,657 | +68% |
3,145 total data points · Price data as of 2026-07-01 · Exchange rates as of 2026-07-15
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Estimates for reference only — not official statistics.
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