Cost of living comparison
Panama is 65.6% more expensive than Colombia overall.
- Restaurants
-
pay 78.2% more in Panama
- Groceries
-
pay 93.1% more in Panama
- Transportation
-
pay 6.6% more in Panama
- Housing
-
pay 2.1 times more in Panama
- Childcare
-
pay 54.2% more in Panama
- Entertainment and Sports
-
pay 2.1 times more in Panama
- Clothing
-
pay 6.8% more in Panama
The cost of entertainment and sports, housing, groceries, restaurants, childcare, and clothing in Panama are more expensive than in Colombia. Notably, entertainment and sports, housing, and groceries are significantly more expensive in Panama.
If you lived in Panama instead of Colombia, you would:
pay 78.2% more for restaurants
|
Colombia
|
Panama
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$4.20
COP17,571.92
|
$8.45
PAB8.45
|
|
|
Fast food combo meal
McDonalds, or similar
|
$6.62
COP27,687.50
|
$7.90
PAB7.90
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$0.78
COP3,280.82
|
$1.54
PAB1.54
|
|
| Bottle of water (11 fl. oz) |
$0.60
COP2,490.15
|
$1.17
PAB1.17
|
|
pay 93.1% more for groceries
|
Colombia
|
Panama
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.27
COP5,317.84
|
$2.19
PAB2.19
|
|
| Local cheese (8 oz) |
$2.16
COP9,051.31
|
$5.66
PAB5.66
|
|
| Milk (1 gallon) |
$3.88
COP16,229.36
|
$6.43
PAB6.43
|
|
|
Eggs
1 dozen
|
$2.02
COP8,450.94
|
$2.53
PAB2.53
|
|
| Boneless chicken breast (1 lb) |
$2.19
COP9,153.31
|
$3.54
PAB3.54
|
|
| Apples (1 lb) |
$1.07
COP4,480.85
|
$2.12
PAB2.12
|
|
| Bananas (1 lb) |
$0.45
COP1,901.96
|
$0.61
PAB0.61
|
|
| Oranges (1 lb) |
$0.55
COP2,307.74
|
$1.29
PAB1.29
|
|
| Tomatoes (1 lb) |
$0.46
COP1,912.92
|
$1.16
PAB1.16
|
|
| Potatoes (1 lb) |
$0.50
COP2,092.90
|
$0.98
PAB0.98
|
|
| Onions (1 lb) |
$0.45
COP1,894.05
|
$1.01
PAB1.01
|
|
pay 6.6% more for transportation
|
Colombia
|
Panama
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$3.05
COP12,771.43
|
$3.92
PAB3.92
|
|
| Monthly public transit pass |
$34.31
COP143,471.96
|
$25.00
PAB25.00
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$17,642.99
COP73,777,872.85
|
$18,916.67
PAB18,916.67
|
|
| Taxi trip in downtown area (5 miles) |
$14.10
COP58,954.18
|
$16.61
PAB16.61
|
|
pay 2.1 times more for housing
|
Colombia
|
Panama
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$22.88
COP95,663.26
|
$47.61
PAB47.61
|
|
| 1-Bedroom apartment in downtown area |
$272.41
COP1,139,151.54
|
$747.76
PAB747.76
|
|
| 1-Bedroom apartment outside city center |
$235.87
COP986,342.37
|
$567.84
PAB567.84
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$66.40
COP277,677.23
|
$69.20
PAB69.20
|
|
pay 54.2% more for childcare
|
Colombia
|
Panama
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$190.65
COP797,261.42
|
$302.08
PAB302.08
|
|
| Middle school for 1 child, two semesters |
$4,364.51
COP18,251,132.88
|
$6,548.17
PAB6,548.17
|
|
pay 2.1 times more for entertainment and sports
|
Colombia
|
Panama
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$1.15
COP4,825.22
|
$1.95
PAB1.95
|
|
| Cappuccino in mid-range area |
$1.40
COP5,872.16
|
$3.39
PAB3.39
|
|
|
Pack of cigarettes
Marlboro or similar
|
$2.09
COP8,750.86
|
$5.38
PAB5.38
|
|
| Monthly membership at local gym |
$22.45
COP93,898.69
|
$57.20
PAB57.20
|
|
| Movie ticket to theater/cinema |
$3.65
COP15,279.39
|
$5.33
PAB5.33
|
|
pay 6.8% more for clothing
|
Colombia
|
Panama
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$52.02
COP217,533.84
|
$47.41
PAB47.41
|
|
|
Regular dress
from H&M or similar store
|
$38.22
COP159,845.19
|
$34.81
PAB34.81
|
|
|
Running shoes
Nike or Adidas
|
$81.60
COP341,247.75
|
$81.21
PAB81.21
|
|
| Men's business shoes (leather) |
$69.09
COP288,897.91
|
$100.42
PAB100.42
|
|
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