Cost of living comparison
Bogota is 33.9% cheaper than Panama City.
If you lived in Bogota instead of Panama City, you would:
pay 46.5% less for restaurants
|
Panama City
|
Bogota
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$13.25
PAB13.25
|
$5.00
COP21,948.75
|
|
|
Fast food combo meal
McDonalds, or similar
|
$8.00
PAB8.00
|
$6.93
COP30,409.53
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$1.86
PAB1.86
|
$0.83
COP3,629.85
|
|
| Bottle of water (11 fl. oz) |
$1.41
PAB1.41
|
$0.64
COP2,798.74
|
|
pay 43.8% less for groceries
|
Panama City
|
Bogota
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.51
PAB2.51
|
$1.34
COP5,887.90
|
|
| Local cheese (8 oz) |
$6.39
PAB6.39
|
$2.21
COP9,702.45
|
|
| Milk (1 gallon) |
$6.80
PAB6.80
|
$4.49
COP19,716.05
|
|
|
Eggs
1 dozen
|
$2.68
PAB2.68
|
$2.14
COP9,377.49
|
|
| Boneless chicken breast (1 lb) |
$3.41
PAB3.41
|
$2.23
COP9,770.89
|
|
| Apples (1 lb) |
$1.48
PAB1.48
|
$1.19
COP5,227.82
|
|
| Bananas (1 lb) |
$0.72
PAB0.72
|
$0.48
COP2,103.15
|
|
| Oranges (1 lb) |
$1.24
PAB1.24
|
$0.55
COP2,433.61
|
|
| Tomatoes (1 lb) |
$1.40
PAB1.40
|
$0.54
COP2,351.77
|
|
| Potatoes (1 lb) |
$0.98
PAB0.98
|
$0.48
COP2,125.83
|
|
| Onions (1 lb) |
$1.15
PAB1.15
|
$0.46
COP2,039.46
|
|
pay 1.9% more for transportation
|
Panama City
|
Bogota
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$3.69
PAB3.69
|
$3.50
COP15,378.92
|
|
| Monthly public transit pass |
$25.00
PAB25.00
|
$40.16
COP176,287.13
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$19,750.00
PAB19,750.00
|
$15,009.35
COP65,887,315.06
|
|
| Taxi trip in downtown area (5 miles) |
$16.71
PAB16.71
|
$12.69
COP55,710.26
|
|
pay 50.7% less for housing
|
Panama City
|
Bogota
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$52.10
PAB52.10
|
$23.88
COP104,823.44
|
|
| 1-Bedroom apartment in downtown area |
$1,023.81
PAB1,023.81
|
$428.11
COP1,879,296.47
|
|
| 1-Bedroom apartment outside city center |
$755.88
PAB755.88
|
$314.08
COP1,378,736.02
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$94.84
PAB94.84
|
$64.50
COP283,133.33
|
|
pay 37.0% less for childcare
|
Panama City
|
Bogota
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$439.17
PAB439.17
|
$231.19
COP1,014,867.38
|
|
| Middle school for 1 child, two semesters |
$10,092.67
PAB10,092.67
|
$7,422.81
COP32,584,272.18
|
|
pay 53.7% less for entertainment and sports
|
Panama City
|
Bogota
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$3.00
PAB3.00
|
$1.15
COP5,068.26
|
|
| Cappuccino in mid-range area |
$3.59
PAB3.59
|
$1.43
COP6,299.12
|
|
|
Pack of cigarettes
Marlboro or similar
|
$5.50
PAB5.50
|
$2.31
COP10,136.51
|
|
| Monthly membership at local gym |
$47.27
PAB47.27
|
$21.38
COP93,840.69
|
|
| Movie ticket to theater/cinema |
$7.00
PAB7.00
|
$4.62
COP20,273.02
|
|
pay 7.7% less for clothing
|
Panama City
|
Bogota
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$53.91
PAB53.91
|
$51.44
COP225,830.08
|
|
|
Regular dress
from H&M or similar store
|
$37.78
PAB37.78
|
$42.05
COP184,576.35
|
|
|
Running shoes
Nike or Adidas
|
$87.62
PAB87.62
|
$84.96
COP372,957.90
|
|
| Men's business shoes (leather) |
$108.75
PAB108.75
|
$71.30
COP313,001.36
|
|
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