Cost of living in Colón, Panama vs Aalborg, Denmark
Currency:
| Food | - 16% | |||
|---|---|---|---|---|
| Food in Colón (Panama) is 16% cheaper than in Aalborg (Denmark) | ||||
| Basic lunchtime menu (including a drink) in the business district | 14 B/. (kr96) | kr131 | - 27% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 8 B/. (kr51) | kr67 | - 24% | |
| 500 gr (1 lb.) of boneless chicken breast | 2.76 B/. (kr19) | kr31 | - 39% | |
| 1 liter (1 qt.) of whole fat milk | 1.78 B/. (kr12) | kr7 | + 73% | |
| 12 eggs, large | 3.24 B/. (kr22) | kr30 | - 25% | |
| 1 kg (2 lb.) of tomatoes | 3.21 B/. (kr22) | kr19 | + 12% | |
| 500 gr (16 oz.) of local cheese | 5.52 B/. (kr38) | kr68 | - 45% | |
| 1 kg (2 lb.) of apples | 2.65 B/. (kr18) | kr18 | - 0% | |
| 1 kg (2 lb.) of potatoes | 5.40 B/. (kr37) | kr10 | + 261% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 0.76 B/. (kr5.19) | kr12 | - 57% | |
| 1 bottle of red table wine, good quality | 7 B/. (kr48) | kr78 | - 39% | |
| 2 liters of coca-cola | 2.24 B/. (kr15) | kr19 | - 19% | |
| Bread for 2 people for 1 day | 1.17 B/. (kr8) | kr10 | - 17% | |
| Housing | + 0% | |||
| Housing in Colón (Panama) is about the same as in Aalborg (Denmark) | ||||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 1,388 B/. (kr9,427) | kr8,455 | + 11% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 645 B/. (kr4,379) | kr5,757 | - 24% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 348 B/. (kr2,362) | kr1,141 | + 107% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 1,025 B/. (kr6,964) | kr4,956 | + 41% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 536 B/. (kr3,639) | kr3,745 | - 3% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 119 B/. (kr808) | kr1,512 | - 47% | |
| Internet 8 mbps (1 month) | 33 B/. (kr224) | kr193 | + 16% | |
| 40” flat screen tv | 340 B/. (kr2,309) | kr3,644 | - 37% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 94 B/. (kr638) | kr684 | - 7% | |
| Laundry detergent (3 l. ~ 100 oz.) | 7 B/. (kr48) | kr54 | - 13% | |
| Hourly rate for cleaning help | 7 B/. (kr48) | kr169 | - 72% | |
| Clothes | - 10% | |||
| Clothes in Colón (Panama) is 10% cheaper than in Aalborg (Denmark) | ||||
| 1 pair of jeans (levis 501 or similar) | 60 B/. (kr411) | kr778 | - 47% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 49 B/. (kr335) | kr230 | + 45% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 77 B/. (kr520) | kr745 | - 30% | |
| 1 pair of men’s leather business shoes | 81 B/. (kr553) | kr1,287 | - 57% | |
| Transportation | - 44% | |||
| Transportation in Colón (Panama) is 44% cheaper than in Aalborg (Denmark) | ||||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 18,737 B/. (kr127,260) | kr304,676 | - 58% | |
| 1 liter (1/4 gallon) of gas | 0.80 B/. (kr5.44) | kr10 | - 46% | |
| Monthly ticket public transport | 37 B/. (kr251) | kr386 | - 35% | |
| Taxi trip on a business day, basic tariff, 8 km. (5 miles) | - | - | - | |
| Personal Care | + 33% | |||
| Personal Care in Colón (Panama) is 33% more expensive than in Aalborg (Denmark) | ||||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 14 B/. (kr95) | kr50 | + 90% | |
| 1 box of antibiotics (12 doses) | 31 B/. (kr211) | kr73 | + 187% | |
| Short visit to private doctor (15 minutes) | 60 B/. (kr408) | - | - | |
| 1 box of 32 tampons (tampax, ob, ...) | 7 B/. (kr48) | kr58 | - 18% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 5.09 B/. (kr35) | kr28 | + 25% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 6.00 B/. (kr41) | kr29 | + 41% | |
| 4 rolls of toilet paper | 3.09 B/. (kr21) | kr13 | + 62% | |
| Tube of toothpaste | 1.41 B/. (kr10) | kr16 | - 41% | |
| Standard men's haircut in expat area of the city | 5.95 B/. (kr40) | kr171 | - 76% | |
| Entertainment | - 29% | |||
| Entertainment in Colón (Panama) is 29% cheaper than in Aalborg (Denmark) | ||||
| Basic dinner out for two in neighborhood pub | 12 B/. (kr82) | kr337 | - 76% | |
| 2 tickets to the movies | 10 B/. (kr68) | kr187 | - 64% | |
| 2 tickets to the theater (best available seats) | - | kr475 | - | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 51 B/. (kr346) | kr606 | - 43% | |
| 1 cocktail drink in downtown club | 7 B/. (kr48) | kr73 | - 35% | |
| Cappuccino in expat area of the city | 3.85 B/. (kr26) | kr42 | - 37% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 3.50 B/. (kr24) | kr33 | - 28% | |
| Ipad wi-fi 128gb | 465 B/. (kr3,158) | kr3,125 | + 1% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 0.25 B/. (kr1.70) | kr0.91 | + 86% | |
| 1 month of gym membership in business district | 37 B/. (kr251) | kr255 | - 2% | |
| 1 package of marlboro cigarettes | 4.53 B/. (kr31) | kr42 | - 27% | |
| TOTAL | - 19% | |||
This comparison is lacking data. It provides a decent comparison, but it is not yet reliable. It is based on 103 prices entered by 6 different people.
These prices were last updated on November 11, 2019.
Exchange rate:
6.792
DKK
/
PAB
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Cost of living in Colón (Panama) is 19% cheaper than in Aalborg (Denmark)
For example, to keep the same standard of living that would require kr27,000 in Aalborg you would need to make just about kr21,906 (3,225 B/.) in Colón.
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