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Money magazine
Insurer of the
Year 2017-21

prices shown in
Panama City vs Toronto
Pan vs Tor

Average net salary (After tax)

Toronto
Panama City

Housing

  • Rent apartment
  • Buy apartment

Rent 1 bedroom apartment

Cost per month

In city centre
Tor
Pan
Outside city centre
Tor
Pan

Rent 3 bedroom apartment

Cost per month

In city centre
Tor
Pan
Outside city centre
Tor
Pan

Buy apartment

Price per m2

In city centre
Tor
Pan
Outside city centre
Tor
Pan

Mortgage rates

Toronto
4.5%
Panama City
5.5%
Compare our
home insurance prices

Utilities

  • Basic Utilities
  • Internet & Phone

Basic utilities

Electricity, heating, water, Garbage for a 85m2 Apartment

Toronto
Panama City

Internet

60 Mbps or more, unlimited data, Cable/ADSL

Tor
Pan

Mobile phone data

One-minute local prepaid call (no plan or discount)

Tor
Pan

Transport

  • Public Transport
  • Car

One-way ticket

Local transport

Tor
Pan

Monthly pass

Regular price

Tor
Pan

Fuel prices

Per Litre

Toronto
Panama City

Buying a new car

Volkswagen Golf 1.4 90KW Trendline (Or equivalent)

Tor
Pan
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car insurance prices

Groceries

  • Staples
  • Meat
  • Produce
  • Cigarettes

Staples

Milk 1L
Tor
Pan
White bread 500g
Tor
Pan
Eggs 12
Tor
Pan
White rice 1kg
Tor
Pan

Pack of cigarettes

(Marlboro)

Toronto
Panama City

Meat & cheese

Chicken breasts 1kg
Tor
Pan
Beef round 1kg
Tor
Pan
Local cheese 1kg
Tor
Pan

Vegetables

Potatoes 1kg
Tor
Pan
Lettuce 1 head
Tor
Pan
Tomatoes 1kg
Tor
Pan

Fruit

Apples 1kg
Tor
Pan
Oranges 1 head
Tor
Pan
Bananas 1kg
Tor
Pan

Eating Out

  • Food
  • Drinks

Meal for two

Inexpensive restaurant 2 meals
Tor $4,070.74/mth
Pan $4,070.74/mth
Mid-range restaurant Three-course meal for two people
Tor $4,070.74/mth
Pan $4,070.74/mth

Mcdonalds McMeal

Or equivalent combo meal

Toronto
4.5%
Panama City
5.5%

Restaurant Prices in Toronto are 17.14% higher than in Panama City

Drinks

Coke/Pepsi 0.33L
bottle
Tor $4,070.74/mth
Pan $4,070.74/mth
Water 0.33L
bottle
Tor $4,070.74/mth
Pan $4,070.74/mth
Cappuccino regular
Tor $4,070.74/mth
Pan $4,070.74/mth

Alcohol

  • Beer
  • Wine

Domestic beer

Restaurant 0.5L draught
Tor
Pan
Market 0.5L bottle
Tor
Pan

Imported beer

Restaurant 0.33L bottle
Tor
Pan
Market 0.33L bottle
Tor
Pan

Bottle of wine

Mid-range, from supermarket

Toronto
5
Panama City

Clothing

  • Clothing
  • Shoes

Pair of jeans

Levis 501 or similar

Tor
Pan

Summer dress

From a chain store (e.g. Zara, H&M)

Tor
Pan

Shoes

1 pair Nike shoes
Tor
Pan
1 pair men's leather shoes
Tor
Pan

Leisure

  • Cinema
  • Sports

Cinema

One ticket for an international release

Toronto
$15.33
Panama City
$11.43

Tennis court rental

One hour on weekend

Tor $4,070.74/mth
Pan $4,070.74/mth

Fitness club

Monthly fee for one adult

Tor $4,070.74/mth
Pan $4,070.74/mth