Cost of living comparison
Colombia is 31.6% cheaper than Panama.
If you lived in Colombia instead of Panama, you would:
pay 41.1% less for restaurants
|
Panama
|
Colombia
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$8.45
PAB8.45
|
$4.20
COP18,446.13
|
|
|
Fast food combo meal
McDonalds, or similar
|
$7.90
PAB7.90
|
$6.62
COP29,064.95
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$1.54
PAB1.54
|
$0.78
COP3,444.04
|
|
| Bottle of water (11 fl. oz) |
$1.17
PAB1.17
|
$0.60
COP2,614.03
|
|
pay 45.3% less for groceries
|
Panama
|
Colombia
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.19
PAB2.19
|
$1.27
COP5,582.41
|
|
| Local cheese (8 oz) |
$5.66
PAB5.66
|
$2.16
COP9,501.61
|
|
| Milk (1 gallon) |
$6.43
PAB6.43
|
$3.88
COP17,036.77
|
|
|
Eggs
1 dozen
|
$2.53
PAB2.53
|
$2.02
COP8,871.37
|
|
| Boneless chicken breast (1 lb) |
$3.54
PAB3.54
|
$2.19
COP9,608.68
|
|
| Apples (1 lb) |
$2.12
PAB2.12
|
$1.07
COP4,703.77
|
|
| Bananas (1 lb) |
$0.61
PAB0.61
|
$0.45
COP1,996.59
|
|
| Oranges (1 lb) |
$1.29
PAB1.29
|
$0.55
COP2,422.55
|
|
| Tomatoes (1 lb) |
$1.16
PAB1.16
|
$0.46
COP2,008.09
|
|
| Potatoes (1 lb) |
$0.98
PAB0.98
|
$0.50
COP2,197.02
|
|
| Onions (1 lb) |
$1.01
PAB1.01
|
$0.45
COP1,988.28
|
|
pay 1.7% less for transportation
|
Panama
|
Colombia
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$3.92
PAB3.92
|
$3.05
COP13,406.81
|
|
| Monthly public transit pass |
$25.00
PAB25.00
|
$34.31
COP150,609.68
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$18,916.67
PAB18,916.67
|
$17,642.99
COP77,448,321.49
|
|
| Taxi trip in downtown area (5 miles) |
$16.61
PAB16.61
|
$14.10
COP61,887.15
|
|
pay 44.5% less for housing
|
Panama
|
Colombia
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$47.61
PAB47.61
|
$22.88
COP100,422.51
|
|
| 1-Bedroom apartment in downtown area |
$747.76
PAB747.76
|
$272.41
COP1,195,824.32
|
|
| 1-Bedroom apartment outside city center |
$567.84
PAB567.84
|
$235.87
COP1,035,412.90
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$69.20
PAB69.20
|
$66.40
COP291,491.67
|
|
pay 35.1% less for childcare
|
Panama
|
Colombia
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$302.08
PAB302.08
|
$190.65
COP836,925.17
|
|
| Middle school for 1 child, two semesters |
$6,548.17
PAB6,548.17
|
$4,364.51
COP19,159,126.61
|
|
pay 50.5% less for entertainment and sports
|
Panama
|
Colombia
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$1.95
PAB1.95
|
$1.15
COP5,065.27
|
|
| Cappuccino in mid-range area |
$3.39
PAB3.39
|
$1.40
COP6,164.30
|
|
|
Pack of cigarettes
Marlboro or similar
|
$5.38
PAB5.38
|
$2.09
COP9,186.21
|
|
| Monthly membership at local gym |
$57.20
PAB57.20
|
$22.45
COP98,570.14
|
|
| Movie ticket to theater/cinema |
$5.33
PAB5.33
|
$3.65
COP16,039.54
|
|
pay 2.8% less for clothing
|
Panama
|
Colombia
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$47.41
PAB47.41
|
$52.02
COP228,356.15
|
|
|
Regular dress
from H&M or similar store
|
$34.81
PAB34.81
|
$38.22
COP167,797.48
|
|
|
Running shoes
Nike or Adidas
|
$81.21
PAB81.21
|
$81.60
COP358,224.83
|
|
| Men's business shoes (leather) |
$100.42
PAB100.42
|
$69.09
COP303,270.58
|
|
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