Cost of living comparison
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.
If you lived in Panama City instead of Bogota, you would:
pay 2.1 times more for restaurants
Bogota
|
Panama City
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$5.00
COP20,679.66
|
$13.25
PAB13.25
|
|
Fast food combo meal
McDonalds, or similar
|
$6.93
COP28,651.23
|
$8.00
PAB8.00
|
|
Bottle of Coca-Cola (11 fl. oz) |
$0.83
COP3,419.97
|
$1.86
PAB1.86
|
|
Bottle of water (11 fl. oz) |
$0.64
COP2,636.91
|
$1.41
PAB1.41
|
|
pay 92.3% more for groceries
Bogota
|
Panama City
|
||
---|---|---|---|
Bread
1 loaf
|
$1.34
COP5,547.46
|
$2.51
PAB2.51
|
|
Local cheese (8 oz) |
$2.21
COP9,141.44
|
$6.39
PAB6.39
|
|
Milk (1 gallon) |
$4.49
COP18,576.05
|
$6.80
PAB6.80
|
|
Eggs
1 dozen
|
$2.14
COP8,835.27
|
$2.68
PAB2.68
|
|
Boneless chicken breast (1 lb) |
$2.23
COP9,205.93
|
$3.41
PAB3.41
|
|
Apples (1 lb) |
$1.19
COP4,925.55
|
$1.48
PAB1.48
|
|
Bananas (1 lb) |
$0.48
COP1,981.54
|
$0.72
PAB0.72
|
|
Oranges (1 lb) |
$0.55
COP2,292.90
|
$1.24
PAB1.24
|
|
Tomatoes (1 lb) |
$0.54
COP2,215.79
|
$1.40
PAB1.40
|
|
Potatoes (1 lb) |
$0.48
COP2,002.91
|
$0.98
PAB0.98
|
|
Onions (1 lb) |
$0.46
COP1,921.53
|
$1.15
PAB1.15
|
|
pay 7.7% more for transportation
Bogota
|
Panama City
|
||
---|---|---|---|
Gasoline (1 gallon) |
$3.50
COP14,489.70
|
$3.69
PAB3.69
|
|
Monthly public transit pass |
$40.16
COP166,094.06
|
$25.00
PAB25.00
|
|
New Volkswagen Golf 1.4 (standard edition) |
$15,009.35
COP62,077,656.74
|
$19,750.00
PAB19,750.00
|
|
Taxi trip in downtown area (5 miles) |
$12.69
COP52,489.05
|
$16.71
PAB16.71
|
|
pay 2.1 times more for housing
Bogota
|
Panama City
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$23.88
COP98,762.46
|
$52.10
PAB52.10
|
|
1-Bedroom apartment in downtown area |
$428.11
COP1,770,634.02
|
$1,023.81
PAB1,023.81
|
|
1-Bedroom apartment outside city center |
$314.08
COP1,299,016.38
|
$755.88
PAB755.88
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$64.50
COP266,762.33
|
$94.84
PAB94.84
|
|
pay 63.0% more for childcare
Bogota
|
Panama City
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$231.19
COP956,186.92
|
$439.17
PAB439.17
|
|
Middle school for 1 child, two semesters |
$7,422.81
COP30,700,222.97
|
$10,092.67
PAB10,092.67
|
|
pay 2.2 times more for entertainment and sports
Bogota
|
Panama City
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$1.15
COP4,775.20
|
$3.00
PAB3.00
|
|
Cappuccino in mid-range area |
$1.43
COP5,934.90
|
$3.59
PAB3.59
|
|
Pack of cigarettes
Marlboro or similar
|
$2.31
COP9,550.41
|
$5.50
PAB5.50
|
|
Monthly membership at local gym |
$21.38
COP88,414.75
|
$47.27
PAB47.27
|
|
Movie ticket to theater/cinema |
$4.62
COP19,100.82
|
$7.00
PAB7.00
|
|
pay 12.6% more for clothing
Bogota
|
Panama City
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$51.44
COP212,772.40
|
$53.91
PAB53.91
|
|
Regular dress
from H&M or similar store
|
$42.05
COP173,904.00
|
$37.78
PAB37.78
|
|
Running shoes
Nike or Adidas
|
$84.96
COP351,393.17
|
$87.62
PAB87.62
|
|
Men's business shoes (leather) |
$71.30
COP294,903.36
|
$108.75
PAB108.75
|
|
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