Cost of living in Colón, Panama

Summary of cost of living in Colón

  • Family of four estimated monthly costs: 3,324 B/.
  • Single person estimated monthly costs: 1,575 B/.
  • WARNING!  These estimates are currently based on just a small amount of data. They provide a decent starting assumption, but they are not yet completely reliable.
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List of prices in Colón, Panama. Current as of Sep 2020.

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Food [Edit]
Basic lunchtime menu (including a drink) in the business district 14 B/.
Combo meal in fast food restaurant (big mac meal or similar) 8 B/.
500 gr (1 lb.) of boneless chicken breast 2.76 B/.
1 liter (1 qt.) of whole fat milk 1.78 B/.
12 eggs, large 3.24 B/.
1 kg (2 lb.) of tomatoes 3.21 B/.
500 gr (16 oz.) of local cheese 5.52 B/.
1 kg (2 lb.) of apples 2.65 B/.
1 kg (2 lb.) of potatoes 5.40 B/.
0.5 l (16 oz) domestic beer in the supermarket 0.76 B/.
1 bottle of red table wine, good quality 7 B/.
2 liters of coca-cola 2.24 B/.
Bread for 2 people for 1 day 1.75 B/.
Housing [Edit]
Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area 1,388 B/.
Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area 645 B/.
Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat 348 B/.
Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area 1,025 B/.
Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area 536 B/.
Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio 119 B/.
Internet 8 mbps (1 month) 33 B/.
40” flat screen tv 340 B/.
Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) 94 B/.
Laundry detergent (3 l. ~ 100 oz.) 5.78 B/.
Hourly rate for cleaning help 7 B/.
Clothes [Edit]
1 pair of jeans (levis 501 or similar) 60 B/.
1 summer dress in a high street store (zara, h&m or similar retailers) 49 B/.
1 pair of sport shoes (nike, adidas, or equivalent brands) 78 B/.
1 pair of men’s leather business shoes 81 B/.
Transportation [Edit]
Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new 18,737 B/.
1 liter (1/4 gallon) of gas 0.80 B/.
Monthly ticket public transport 37 B/.
Taxi trip on a business day, basic tariff, 8 km. (5 miles) -
Personal Care [Edit]
Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) 14 B/.
1 box of antibiotics (12 doses) 31 B/.
Short visit to private doctor (15 minutes) 60 B/.
1 box of 32 tampons (tampax, ob, ...) 7 B/.
Deodorant, roll-on (50ml ~ 1.5 oz.) 5.09 B/.
Hair shampoo 2-in-1 (400 ml ~ 12 oz.) 6.00 B/.
4 rolls of toilet paper 3.09 B/.
Tube of toothpaste 1.41 B/.
Standard men's haircut in expat area of the city 10 B/.
Entertainment [Edit]
Basic dinner out for two in neighborhood pub 12 B/.
2 tickets to the movies 13 B/.
2 tickets to the theater (best available seats) -
Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert 51 B/.
1 cocktail drink in downtown club 7 B/.
Cappuccino in expat area of the city 3.92 B/.
1 beer in neighbourhood pub (500ml or 1pt.) 3.50 B/.
Ipad wi-fi 128gb 465 B/.
1 min. of prepaid mobile tariff (no discounts or plans) 0.25 B/.
1 month of gym membership in business district 37 B/.
1 package of marlboro cigarettes 4.53 B/.
These prices are lacking data. It provides a decent estimate, but they are not yet reliable. They are based on less than 10 prices entered by less than 5 different people.
Latest price update: September 29, 2020

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International Cost of Living Index

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