Cost of living in Colón, Panama vs Abbotsford, Canada
Currency:
| Food | - 8% | |||
|---|---|---|---|---|
| Food in Colón (Panama) is 8% cheaper than in Abbotsford (Canada) | ||||
| Basic lunchtime menu (including a drink) in the business district | 14 B/. (C$19) | C$20 | - 7% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 8 B/. (C$10) | C$10 | - 0% | |
| 500 gr (1 lb.) of boneless chicken breast | 2.76 B/. (C$3.66) | C$5.78 | - 37% | |
| 1 liter (1 qt.) of whole fat milk | 1.78 B/. (C$2.37) | C$1.98 | + 19% | |
| 12 eggs, large | 3.24 B/. (C$4.31) | C$4.18 | + 3% | |
| 1 kg (2 lb.) of tomatoes | 3.21 B/. (C$4.26) | C$3.04 | + 40% | |
| 500 gr (16 oz.) of local cheese | 5.52 B/. (C$7) | C$10 | - 26% | |
| 1 kg (2 lb.) of apples | 2.65 B/. (C$3.51) | C$4.24 | - 17% | |
| 1 kg (2 lb.) of potatoes | 5.40 B/. (C$7) | C$3.76 | + 91% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 0.76 B/. (C$1.02) | C$3.41 | - 70% | |
| 1 bottle of red table wine, good quality | 7 B/. (C$9) | C$19 | - 51% | |
| 2 liters of coca-cola | 2.24 B/. (C$2.98) | C$2.48 | + 20% | |
| Bread for 2 people for 1 day | 1.17 B/. (C$1.55) | C$1.93 | - 20% | |
| Housing | + 2% | |||
| Housing in Colón (Panama) is about the same as in Abbotsford (Canada) | ||||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 1,388 B/. (C$1,843) | C$2,136 | - 14% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 645 B/. (C$856) | C$1,241 | - 31% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 348 B/. (C$462) | C$133 | + 246% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 1,025 B/. (C$1,362) | C$1,120 | + 22% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 536 B/. (C$712) | C$806 | - 12% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 119 B/. (C$158) | C$66 | + 138% | |
| Internet 8 mbps (1 month) | 33 B/. (C$44) | C$54 | - 19% | |
| 40” flat screen tv | 340 B/. (C$452) | C$311 | + 45% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 94 B/. (C$125) | C$97 | + 29% | |
| Laundry detergent (3 l. ~ 100 oz.) | 7 B/. (C$9) | C$10 | - 8% | |
| Hourly rate for cleaning help | 7 B/. (C$9) | C$25 | - 63% | |
| Clothes | + 43% | |||
| Clothes in Colón (Panama) is 43% more expensive than in Abbotsford (Canada) | ||||
| 1 pair of jeans (levis 501 or similar) | 60 B/. (C$80) | C$60 | + 33% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 49 B/. (C$65) | C$39 | + 67% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 77 B/. (C$102) | C$98 | + 4% | |
| 1 pair of men’s leather business shoes | 81 B/. (C$108) | C$117 | - 8% | |
| Transportation | - 17% | |||
| Transportation in Colón (Panama) is 17% cheaper than in Abbotsford (Canada) | ||||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 18,737 B/. (C$24,887) | C$22,935 | + 9% | |
| 1 liter (1/4 gallon) of gas | 0.80 B/. (C$1.06) | C$1.39 | - 24% | |
| Monthly ticket public transport | 37 B/. (C$49) | C$67 | - 26% | |
| Taxi trip on a business day, basic tariff, 8 km. (5 miles) | - | - | - | |
| Personal Care | + 45% | |||
| Personal Care in Colón (Panama) is 45% more expensive than in Abbotsford (Canada) | ||||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 14 B/. (C$19) | C$8 | + 125% | |
| 1 box of antibiotics (12 doses) | 31 B/. (C$41) | C$22 | + 89% | |
| Short visit to private doctor (15 minutes) | 60 B/. (C$80) | C$77 | + 4% | |
| 1 box of 32 tampons (tampax, ob, ...) | 7 B/. (C$9) | C$6 | + 44% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 5.09 B/. (C$7) | C$3.85 | + 76% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 6.00 B/. (C$8) | C$4.28 | + 86% | |
| 4 rolls of toilet paper | 3.09 B/. (C$4.10) | C$3.11 | + 32% | |
| Tube of toothpaste | 1.41 B/. (C$1.87) | C$2.46 | - 24% | |
| Standard men's haircut in expat area of the city | 5.95 B/. (C$8) | C$20 | - 60% | |
| Entertainment | - 40% | |||
| Entertainment in Colón (Panama) is 40% cheaper than in Abbotsford (Canada) | ||||
| Basic dinner out for two in neighborhood pub | 12 B/. (C$16) | C$52 | - 69% | |
| 2 tickets to the movies | 10 B/. (C$13) | C$26 | - 49% | |
| 2 tickets to the theater (best available seats) | - | C$117 | - | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 51 B/. (C$68) | C$96 | - 29% | |
| 1 cocktail drink in downtown club | 7 B/. (C$9) | C$9 | - 0% | |
| Cappuccino in expat area of the city | 3.85 B/. (C$5.11) | C$5.42 | - 6% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 3.50 B/. (C$4.65) | C$7 | - 30% | |
| Ipad wi-fi 128gb | 465 B/. (C$618) | C$647 | - 5% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 0.25 B/. (C$0.33) | C$0.83 | - 60% | |
| 1 month of gym membership in business district | 37 B/. (C$49) | C$35 | + 39% | |
| 1 package of marlboro cigarettes | 4.53 B/. (C$6) | C$11 | - 45% | |
| TOTAL | - 9% | |||
This comparison is lacking data. It provides a decent comparison, but it is not yet reliable. It is based on 206 prices entered by 12 different people.
These prices were last updated on February 25, 2020.
Exchange rate:
1.328
CAD
/
PAB
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Cost of living in Colón (Panama) is 9% cheaper than in Abbotsford (Canada)
For example, to keep the same standard of living that would require C$6,400 in Abbotsford you would need to make just about C$5,807 (4,372 B/.) in Colón.
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