Cost of living comparison
Colombo is 42.6% cheaper than Panama City.
If you lived in Colombo instead of Panama City, you would:
pay 53.4% less for restaurants
|
Panama City
|
Colombo
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$13.25
PAB13.25
|
$3.40
LKR995.66
|
|
|
Fast food combo meal
McDonalds, or similar
|
$8.00
PAB8.00
|
$7.48
LKR2,190.46
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$1.86
PAB1.86
|
$0.74
LKR216.56
|
|
| Bottle of water (11 fl. oz) |
$1.41
PAB1.41
|
$0.39
LKR114.50
|
|
pay 7.1% less for groceries
|
Panama City
|
Colombo
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.51
PAB2.51
|
$0.57
LKR166.91
|
|
| Local cheese (8 oz) |
$6.39
PAB6.39
|
$6.94
LKR2,032.28
|
|
| Milk (1 gallon) |
$6.80
PAB6.80
|
$6.54
LKR1,916.16
|
|
|
Eggs
1 dozen
|
$2.68
PAB2.68
|
$2.22
LKR649.74
|
|
| Boneless chicken breast (1 lb) |
$3.41
PAB3.41
|
$2.38
LKR697.61
|
|
| Apples (1 lb) |
$1.48
PAB1.48
|
$3.28
LKR960.00
|
|
| Bananas (1 lb) |
$0.72
PAB0.72
|
$0.51
LKR149.51
|
|
| Oranges (1 lb) |
$1.24
PAB1.24
|
$2.65
LKR775.12
|
|
| Tomatoes (1 lb) |
$1.40
PAB1.40
|
$0.53
LKR155.16
|
|
| Potatoes (1 lb) |
$0.98
PAB0.98
|
$0.51
LKR148.97
|
|
| Onions (1 lb) |
$1.15
PAB1.15
|
$0.55
LKR159.89
|
|
pay 11.1% less for transportation
|
Panama City
|
Colombo
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$3.69
PAB3.69
|
$4.84
LKR1,416.89
|
|
| Monthly public transit pass |
$25.00
PAB25.00
|
$6.80
LKR1,991.33
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$19,750.00
PAB19,750.00
|
$35,303.89
LKR10,344,940.90
|
|
| Taxi trip in downtown area (5 miles) |
$16.71
PAB16.71
|
$3.13
LKR916.01
|
|
pay 67.3% less for housing
|
Panama City
|
Colombo
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$52.10
PAB52.10
|
$16.40
LKR4,805.26
|
|
| 1-Bedroom apartment in downtown area |
$1,023.81
PAB1,023.81
|
$297.60
LKR87,203.50
|
|
| 1-Bedroom apartment outside city center |
$755.88
PAB755.88
|
$180.09
LKR52,770.05
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$94.84
PAB94.84
|
$43.85
LKR12,848.14
|
|
pay 93.8% less for childcare
|
Panama City
|
Colombo
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$439.17
PAB439.17
|
$28.60
LKR8,380.17
|
|
| Middle school for 1 child, two semesters |
$10,092.67
PAB10,092.67
|
$586.98
LKR172,000.82
|
|
pay 22.4% less for entertainment and sports
|
Panama City
|
Colombo
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$3.00
PAB3.00
|
$2.04
LKR597.40
|
|
| Cappuccino in mid-range area |
$3.59
PAB3.59
|
$2.59
LKR759.11
|
|
|
Pack of cigarettes
Marlboro or similar
|
$5.50
PAB5.50
|
$9.34
LKR2,738.07
|
|
| Monthly membership at local gym |
$47.27
PAB47.27
|
$13.89
LKR4,068.82
|
|
| Movie ticket to theater/cinema |
$7.00
PAB7.00
|
$3.40
LKR995.66
|
|
pay 43.2% less for clothing
|
Panama City
|
Colombo
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$53.91
PAB53.91
|
$29.69
LKR8,700.11
|
|
|
Regular dress
from H&M or similar store
|
$37.78
PAB37.78
|
$22.31
LKR6,538.19
|
|
|
Running shoes
Nike or Adidas
|
$87.62
PAB87.62
|
$68.77
LKR20,151.36
|
|
| Men's business shoes (leather) |
$108.75
PAB108.75
|
$37.51
LKR10,990.59
|
|
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