Toronto vs Panama City Cost of Living
Toronto (Canada) · Overall index 67.1 — Panama City (Panama) · Overall index 40.0
Summary
- Overall, Panama City is 40% cheaper than Toronto.
- Transport in Panama City is 45% cheaper than in Toronto.
- Rent in Panama City is 43% cheaper than in Toronto.
| Item | Toronto | Panama City | Diff |
|---|---|---|---|
| Rent | -43% | ||
| 1-bedroom apartment, city centre (monthly) | $1,981 | $1,121 | -43% |
| 1-bedroom apartment, outside centre (monthly) | $1,407 | $792 | -44% |
| 3-bedroom apartment, city centre (monthly) | $3,672 | $2,348 | -36% |
| 3-bedroom apartment, outside centre (monthly) | $2,749 | $1,423 | -48% |
| Groceries | -40% | ||
| Milk (1L) | $1.19 | $0.67 | -44% |
| White bread (500g) | $3.39 | $1.92 | -43% |
| Rice (1kg) | $4.39 | $2.74 | -38% |
| Eggs (12) | $4.27 | $2.24 | -48% |
| Local cheese (1kg) | $11.2 | $6.58 | -41% |
| Chicken fillets (1kg) | $9.45 | $6.43 | -32% |
| Beef round (1kg) | $14 | $9.41 | -33% |
| Apples (1kg) | $4.7 | $2.78 | -41% |
| Bananas (1kg) | $1.87 | $1.05 | -44% |
| Oranges (1kg) | $3.71 | $2.23 | -40% |
| Tomatoes (1kg) | $4.59 | $2.63 | -43% |
| Potatoes (1kg) | $2.56 | $1.41 | -45% |
| Onions (1kg) | $2.05 | $1.57 | -23% |
| Lettuce (1 head) | $2.32 | $1.29 | -44% |
| Water (1.5L bottle) | $1.89 | $1.33 | -30% |
| Bottle of wine (mid-range) | $12.4 | $7.7 | -38% |
| Transport | -45% | ||
| Public transport, one-way ticket | $2.15 | $1.18 | -45% |
| Public transport, monthly pass | $94.1 | $49.4 | -48% |
| Taxi, base fare | $2.85 | $1.87 | -34% |
| Taxi, per km | $1.46 | $0.77 | -47% |
| Gasoline (1L) | $0.8 | $0.44 | -45% |
| New compact car (e.g., VW Golf) | $22,934 | $11,760 | -49% |
| Dining out | -42% | ||
| Meal, inexpensive restaurant | $15.9 | $10.8 | -32% |
| Meal for 2, mid-range restaurant (3 courses) | $100 | $49 | -51% |
| Fast food combo meal | $9.49 | $5.25 | -45% |
| Cappuccino | $3.96 | $2.6 | -34% |
| Coke/Pepsi (0.33L, restaurant) | $1.93 | $1.1 | -43% |
| Domestic beer (0.5L, restaurant) | $5.65 | $3.28 | -42% |
| Imported beer (0.33L, restaurant) | $6.42 | $3.8 | -41% |
| Water (0.33L, restaurant) | $1.79 | $0.97 | -46% |
| Telecom | -34% | ||
| Mobile plan, calls + 10GB+ data (monthly) | $54.7 | $39.3 | -28% |
| Broadband internet 60Mbps+ (monthly) | $58 | $37 | -36% |
| Prepaid mobile tariff (1 min) | $0.28 | $0.17 | -39% |
| Video streaming subscription (monthly) | $13.3 | $9.09 | -32% |
| Utilities & household | -38% | ||
| Basic utilities, 85m² apartment (monthly) | $147 | $84.6 | -42% |
| Electricity (1 kWh) | $0.19 | $0.1 | -47% |
| Tap water (1m³) | $4.15 | $2.61 | -37% |
| Natural gas (1m³) | $1.14 | $0.71 | -38% |
| Waste collection (monthly) | $16.6 | $11 | -34% |
| Fitness club (monthly) | $73.8 | $43.3 | -41% |
| Cinema ticket (1 seat) | $11.3 | $8.58 | -24% |
| Men's haircut | $24.9 | $15.7 | -37% |
| Domestic cleaning (1 hour) | $20.1 | $13 | -35% |
| Private kindergarten (monthly) | $1,657 | $984 | -41% |
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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