Cost of Living: Panama City vs Vancouver (2026)
Panama vs Canada — relocation comparison
Your passport:
Panama City
Vancouver
$1059/mo
Rent
$1925/mo
57/100
Livability
75/100
48/100
Settler safety
81/100
68/100
Healthcare
87/100
0 yr
PR path
3 yr
31 Mbps
Internet
183 Mbps
Freelance setup
—
Sole Proprietorship
- VAT-free under €20k
- 12% social
- €800/yr accountant
WiseStripe
Sourced from Numbeo · Updated April 2026
TL;DRPanama City is 45% cheaper on rent ($1059/mo vs $1925/mo). Panama gets you to permanent residency 3 years faster (0 vs 3 years). Both are solid options for settling down — the spreadsheet won't save you from this one.
Vancouver scores 75 to Panama City's 57 on livability — the gap is real. Panama City has its charms, but the numbers favor Vancouver.
Household
Panama City
Metric
Vancouver
✓$1059/mo
🏠
Rent (1BR centre)
lower is better
$1925/mo
✓$277/mo
🛒
Living costs (no rent)
lower is better
$693/mo
—
🧳
Cost to land
lower is better
$5,826
48 / 100
🛡️
Settler safety
higher is better
81 / 100✓
12.5 / 100k
🔒
Homicides
lower is better
2.3 / 100k✓
7.3 / 100k
🚗
Road deaths
lower is better
4.7 / 100k✓
—
🚨
Safety Index
higher is better
57 / 100
29°C
☀️
Summer high
personal taste
21°C
24°C
❄️
Winter low
personal taste
2°C
31 Mbps
⚡
Internet speed
higher is better
183 Mbps✓
14 μg/m³
🌬️
Air quality (PM2.5)
lower is better
13.2 μg/m³✓
6.8 / 10
🗳️
Democracy
higher is better
8.7 / 10✓
32/100
🗣️
Street English
higher is better
100/100✓
$41k
💼
GDP per capita
higher is better
$65k✓
✓0.7% · Practically frozen
📈
Inflation
lower is better
2.4% · Boringly steady
57 / 100
🏅
Livability Score
higher is better
75 / 100✓
—
⚡
Grid reliability
higher is better
92/100 — Reliable
—
🗽
Freedom House
higher is better
97/100
✓0 years
📋
Time to PR
lower is better
3 years
See exactly what you keep after taxes in each city
Sources: Numbeo · UNODC · Ookla · WHO · EIU · World Bank · Freedom House · Updated April 2026
💰
Cost of Living
Panama City
$866/mo cheaper on rent alone
🔒
Safety
Vancouver
2.3 homicides per 100k
🗳️
Democracy
Vancouver
8.7/10 EIU index