Cost of living comparison

Bogota, Colombia

compared to

Panama City, Panama

Panama City vs. Bogota Cost of Living Summary

Panama City is 73.9% more expensive than Bogota.

Restaurants: pay 2.1 times more in Panama City
Groceries: pay 92.3% more in Panama City
Transportation: pay 7.7% more in Panama City
Housing: pay 2.1 times more in Panama City
Childcare: pay 63.0% more in Panama City
Entertainment and Sports: pay 2.2 times more in Panama City
Clothing: pay 12.6% more in Panama City

The cost of entertainment and sports, housing, restaurants, groceries, childcare, and clothing in Panama City are more expensive than in Bogota. Notably, entertainment and sports, housing, and restaurants are significantly more expensive in Panama City.

Panama City vs. Bogota Cost Breakdown

If you lived in Panama City instead of Bogota, you would:

Display currency: USD

pay 2.1 times more for restaurants

	Bogota	Panama City
Basic meal with drink at inexpensive restaurant	$5.00 COP20,570.87	$13.25 PAB13.25	+165.0%
Fast food combo meal McDonalds, or similar	$6.93 COP28,500.50	$8.00 PAB8.00	+15.5%
Bottle of Coca-Cola (11 fl. oz)	$0.83 COP3,401.98	$1.86 PAB1.86	+124.6%
Bottle of water (11 fl. oz)	$0.64 COP2,623.04	$1.41 PAB1.41	+121.3%
Average			+106.6%

Bogota vs. Panama City - Cost of restaurants

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pay 92.3% more for groceries

	Bogota	Panama City
Bread 1 loaf	$1.34 COP5,518.27	$2.51 PAB2.51	+86.8%
Local cheese (8 oz)	$2.21 COP9,093.35	$6.39 PAB6.39	+189.0%
Milk (1 gallon)	$4.49 COP18,478.33	$6.80 PAB6.80	+51.4%
Eggs 1 dozen	$2.14 COP8,788.79	$2.68 PAB2.68	+25.3%
Boneless chicken breast (1 lb)	$2.23 COP9,157.50	$3.41 PAB3.41	+53.1%
Apples (1 lb)	$1.19 COP4,899.63	$1.48 PAB1.48	+24.5%
Bananas (1 lb)	$0.48 COP1,971.12	$0.72 PAB0.72	+50.9%
Oranges (1 lb)	$0.55 COP2,280.84	$1.24 PAB1.24	+123.7%
Tomatoes (1 lb)	$0.54 COP2,204.13	$1.40 PAB1.40	+160.8%
Potatoes (1 lb)	$0.48 COP1,992.38	$0.98 PAB0.98	+103.2%
Onions (1 lb)	$0.46 COP1,911.43	$1.15 PAB1.15	+146.7%
Average			+92.3%

Bogota vs. Panama City - Cost of groceries

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pay 7.7% more for transportation

	Bogota	Panama City
Gasoline (1 gallon)	$3.50 COP14,413.47	$3.69 PAB3.69	+5.3%
Monthly public transit pass	$40.16 COP165,220.30	$25.00 PAB25.00	-37.7%
New Volkswagen Golf 1.4 (standard edition)	$15,009.35 COP61,751,088.68	$19,750.00 PAB19,750.00	+31.6%
Taxi trip in downtown area (5 miles)	$12.69 COP52,212.92	$16.71 PAB16.71	+31.6%
Average			+7.7%

Bogota vs. Panama City - Cost of transportation

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pay 2.1 times more for housing

	Bogota	Panama City
Internet connection 50 mbps or faster, cable/dsl	$23.88 COP98,242.91	$52.10 PAB52.10	+118.2%
1-Bedroom apartment in downtown area	$428.11 COP1,761,319.35	$1,023.81 PAB1,023.81	+139.1%
1-Bedroom apartment outside city center	$314.08 COP1,292,182.72	$755.88 PAB755.88	+140.7%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$64.50 COP265,358.99	$94.84 PAB94.84	+47.0%
Average			+111.2%

Bogota vs. Panama City - Cost of housing

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pay 63.0% more for childcare

	Bogota	Panama City
Private preschool for 1 child, monthly	$231.19 COP951,156.77	$439.17 PAB439.17	+90.0%
Middle school for 1 child, two semesters	$7,422.81 COP30,538,720.22	$10,092.67 PAB10,092.67	+36.0%
Average			+63.0%

Bogota vs. Panama City - Cost of childcare

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pay 2.2 times more for entertainment and sports

	Bogota	Panama City
Domestic/local beer (1 pint)	$1.15 COP4,750.08	$3.00 PAB3.00	+159.8%
Cappuccino in mid-range area	$1.43 COP5,903.68	$3.59 PAB3.59	+150.2%
Pack of cigarettes Marlboro or similar	$2.31 COP9,500.17	$5.50 PAB5.50	+138.2%
Monthly membership at local gym	$21.38 COP87,949.63	$47.27 PAB47.27	+121.1%
Movie ticket to theater/cinema	$4.62 COP19,000.33	$7.00 PAB7.00	+51.6%
Average			+124.2%

Bogota vs. Panama City - Cost of entertainment and sports

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pay 12.6% more for clothing

	Bogota	Panama City
Regular jeans Levi's brand	$51.44 COP211,653.09	$53.91 PAB53.91	+4.8%
Regular dress from H&M or similar store	$42.05 COP172,989.15	$37.78 PAB37.78	-10.2%
Running shoes Nike or Adidas	$84.96 COP349,544.62	$87.62 PAB87.62	+3.1%
Men's business shoes (leather)	$71.30 COP293,351.98	$108.75 PAB108.75	+52.5%
Average			+12.6%

Bogota vs. Panama City - Cost of clothing

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The statistics used to build this comparison are calculated using data from users just like you. We average the price of thousands of data points entered by users across the world. Learn more about our data sources. Page last updated: June 2025

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