Cost of living in Colón, Panama vs Aalborg, Denmark
Currency:
| Food | - 22% | |||
|---|---|---|---|---|
| Food in Colón (Panama) is 22% cheaper than in Aalborg (Denmark) | ||||
| Basic lunchtime menu (including a drink) in the business district | 14 B/. (kr89) | kr136 | - 35% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 8 B/. (kr46) | kr67 | - 31% | |
| 500 gr (1 lb.) of boneless chicken breast | 2.76 B/. (kr17) | kr29 | - 42% | |
| 1 liter (1 qt.) of whole fat milk | 1.78 B/. (kr11) | kr8 | + 40% | |
| 12 eggs, large | 3.24 B/. (kr20) | kr26 | - 22% | |
| 1 kg (2 lb.) of tomatoes | 3.21 B/. (kr20) | kr22 | - 11% | |
| 500 gr (16 oz.) of local cheese | 5.52 B/. (kr34) | kr63 | - 46% | |
| 1 kg (2 lb.) of apples | 2.65 B/. (kr16) | kr18 | - 10% | |
| 1 kg (2 lb.) of potatoes | 5.40 B/. (kr33) | kr10 | + 219% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 0.76 B/. (kr4.70) | kr11 | - 58% | |
| 1 bottle of red table wine, good quality | 7 B/. (kr43) | kr79 | - 46% | |
| 2 liters of coca-cola | 2.24 B/. (kr14) | kr19 | - 28% | |
| Bread for 2 people for 1 day | 1.75 B/. (kr11) | kr11 | - 0% | |
| Housing | - 10% | |||
| Housing in Colón (Panama) is 10% cheaper than in Aalborg (Denmark) | ||||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 1,388 B/. (kr8,535) | kr8,536 | - 0% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 645 B/. (kr3,965) | kr5,788 | - 31% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 348 B/. (kr2,138) | kr1,220 | + 75% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 1,025 B/. (kr6,305) | kr5,337 | + 18% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 536 B/. (kr3,295) | kr3,926 | - 16% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 119 B/. (kr732) | kr1,589 | - 54% | |
| Internet 8 mbps (1 month) | 33 B/. (kr203) | kr188 | + 8% | |
| 40” flat screen tv | 340 B/. (kr2,091) | kr3,570 | - 41% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 94 B/. (kr578) | kr710 | - 19% | |
| Laundry detergent (3 l. ~ 100 oz.) | 5.78 B/. (kr36) | kr57 | - 37% | |
| Hourly rate for cleaning help | 7 B/. (kr43) | kr154 | - 72% | |
| Clothes | - 23% | |||
| Clothes in Colón (Panama) is 23% cheaper than in Aalborg (Denmark) | ||||
| 1 pair of jeans (levis 501 or similar) | 60 B/. (kr372) | kr786 | - 53% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 49 B/. (kr303) | kr244 | + 24% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 78 B/. (kr478) | kr727 | - 34% | |
| 1 pair of men’s leather business shoes | 81 B/. (kr501) | kr1,206 | - 58% | |
| Transportation | - 48% | |||
| Transportation in Colón (Panama) is 48% cheaper than in Aalborg (Denmark) | ||||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 18,737 B/. (kr115,218) | kr301,099 | - 62% | |
| 1 liter (1/4 gallon) of gas | 0.80 B/. (kr4.92) | kr10 | - 52% | |
| Monthly ticket public transport | 37 B/. (kr228) | kr386 | - 41% | |
| Taxi trip on a business day, basic tariff, 8 km. (5 miles) | - | kr255 | - | |
| Personal Care | + 25% | |||
| Personal Care in Colón (Panama) is 25% more expensive than in Aalborg (Denmark) | ||||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 14 B/. (kr86) | kr58 | + 48% | |
| 1 box of antibiotics (12 doses) | 31 B/. (kr191) | kr73 | + 160% | |
| Short visit to private doctor (15 minutes) | 60 B/. (kr369) | - | - | |
| 1 box of 32 tampons (tampax, ob, ...) | 7 B/. (kr43) | kr58 | - 26% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 5.09 B/. (kr31) | kr28 | + 13% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 6.00 B/. (kr37) | kr29 | + 28% | |
| 4 rolls of toilet paper | 3.09 B/. (kr19) | kr13 | + 46% | |
| Tube of toothpaste | 1.41 B/. (kr9) | kr16 | - 46% | |
| Standard men's haircut in expat area of the city | 10 B/. (kr60) | kr176 | - 66% | |
| Entertainment | - 35% | |||
| Entertainment in Colón (Panama) is 35% cheaper than in Aalborg (Denmark) | ||||
| Basic dinner out for two in neighborhood pub | 12 B/. (kr74) | kr344 | - 79% | |
| 2 tickets to the movies | 13 B/. (kr80) | kr191 | - 58% | |
| 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/. (kr314) | kr616 | - 49% | |
| 1 cocktail drink in downtown club | 7 B/. (kr43) | kr77 | - 44% | |
| Cappuccino in expat area of the city | 3.92 B/. (kr24) | kr41 | - 41% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 3.50 B/. (kr22) | kr33 | - 34% | |
| Ipad wi-fi 128gb | 465 B/. (kr2,859) | kr3,258 | - 12% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 0.25 B/. (kr1.54) | kr0.93 | + 65% | |
| 1 month of gym membership in business district | 37 B/. (kr228) | kr230 | - 1% | |
| 1 package of marlboro cigarettes | 4.53 B/. (kr28) | kr42 | - 34% | |
| TOTAL | - 26% | |||
This comparison is lacking data. It provides a decent comparison, but it is not yet reliable. It is based on 109 prices entered by 9 different people.
These prices were last updated on January 19, 2021.
Exchange rate:
6.149
DKK
/
PAB
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Cost of living in Colón (Panama) is 26% 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 kr20,078 (3,265 B/.) in Colón.
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