Cost of living in Panama City, Panama vs Bogotá, Colombia
Currency:
| Food | + 116% | |||
|---|---|---|---|---|
| Food in Panama City (Panama) is 116% more expensive than in Bogotá (Colombia) | ||||
| Basic lunchtime menu (including a drink) in the business district | 14 B/. (COL$55,953) | COL$18,957 | + 195% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 7 B/. (COL$27,877) | COL$17,212 | + 62% | |
| 500 gr (1 lb.) of boneless chicken breast | 3.52 B/. (COL$14,163) | COL$7,470 | + 90% | |
| 1 liter (1 qt.) of whole fat milk | 1.61 B/. (COL$6,496) | COL$2,876 | + 126% | |
| 12 eggs, large | 2.37 B/. (COL$9,548) | COL$5,571 | + 71% | |
| 1 kg (2 lb.) of tomatoes | 2.44 B/. (COL$9,828) | COL$2,460 | + 300% | |
| 500 gr (16 oz.) of local cheese | 6 B/. (COL$25,328) | COL$7,885 | + 221% | |
| 1 kg (2 lb.) of apples | 3.08 B/. (COL$12,389) | COL$4,905 | + 153% | |
| 1 kg (2 lb.) of potatoes | 1.83 B/. (COL$7,362) | COL$2,264 | + 225% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 0.91 B/. (COL$3,657) | COL$2,854 | + 28% | |
| 1 bottle of red table wine, good quality | 10 B/. (COL$39,790) | COL$43,353 | - 8% | |
| 2 liters of coca-cola | 2.54 B/. (COL$10,201) | COL$4,183 | + 144% | |
| Bread for 2 people for 1 day | 1.24 B/. (COL$4,979) | COL$2,221 | + 124% | |
| Housing | + 77% | |||
| Housing in Panama City (Panama) is 77% more expensive than in Bogotá (Colombia) | ||||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 1,290 B/. (COL$5,187,542) | COL$3,142,050 | + 65% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 855 B/. (COL$3,441,296) | COL$1,598,460 | + 115% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 115 B/. (COL$460,692) | COL$280,937 | + 64% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 919 B/. (COL$3,698,565) | COL$2,098,280 | + 76% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 588 B/. (COL$2,365,658) | COL$1,059,300 | + 123% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 103 B/. (COL$414,613) | COL$182,226 | + 128% | |
| Internet 8 mbps (1 month) | 33 B/. (COL$134,751) | COL$80,003 | + 68% | |
| 40” flat screen tv | 379 B/. (COL$1,526,548) | COL$1,232,570 | + 24% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 112 B/. (COL$450,495) | COL$349,402 | + 29% | |
| Laundry detergent (3 l. ~ 100 oz.) | 8 B/. (COL$32,476) | COL$18,406 | + 76% | |
| Hourly rate for cleaning help | 4.77 B/. (COL$19,187) | COL$12,254 | + 57% | |
| Clothes | + 32% | |||
| Clothes in Panama City (Panama) is 32% more expensive than in Bogotá (Colombia) | ||||
| 1 pair of jeans (levis 501 or similar) | 54 B/. (COL$216,723) | COL$176,634 | + 23% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 34 B/. (COL$136,226) | COL$102,093 | + 33% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 80 B/. (COL$320,204) | COL$261,318 | + 23% | |
| 1 pair of men’s leather business shoes | 83 B/. (COL$334,508) | COL$215,274 | + 55% | |
| Transportation | + 13% | |||
| Transportation in Panama City (Panama) is 13% more expensive than in Bogotá (Colombia) | ||||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 19,907 B/. (COL$80,076,244) | COL$54,834,300 | + 46% | |
| 1 liter (1/4 gallon) of gas | 0.83 B/. (COL$3,344) | COL$3,033 | + 10% | |
| Monthly ticket public transport | 26 B/. (COL$103,217) | COL$126,659 | - 19% | |
| Taxi trip on a business day, basic tariff, 8 km. (5 miles) | 15 B/. (COL$58,937) | COL$16,245 | + 263% | |
| Personal Care | + 94% | |||
| Personal Care in Panama City (Panama) is 94% more expensive than in Bogotá (Colombia) | ||||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 8 B/. (COL$31,912) | COL$17,485 | + 83% | |
| 1 box of antibiotics (12 doses) | 29 B/. (COL$115,900) | COL$20,662 | + 461% | |
| Short visit to private doctor (15 minutes) | 49 B/. (COL$198,200) | COL$77,045 | + 157% | |
| 1 box of 32 tampons (tampax, ob, ...) | 7 B/. (COL$26,935) | COL$20,233 | + 33% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 3.67 B/. (COL$14,770) | COL$13,987 | + 6% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 5.62 B/. (COL$22,626) | COL$15,690 | + 44% | |
| 4 rolls of toilet paper | 2.18 B/. (COL$8,780) | COL$6,539 | + 34% | |
| Tube of toothpaste | 2.71 B/. (COL$10,881) | COL$4,751 | + 129% | |
| Standard men's haircut in expat area of the city | 16 B/. (COL$62,928) | COL$22,905 | + 175% | |
| Entertainment | + 133% | |||
| Entertainment in Panama City (Panama) is 133% more expensive than in Bogotá (Colombia) | ||||
| Basic dinner out for two in neighborhood pub | 39 B/. (COL$158,114) | COL$40,788 | + 288% | |
| 2 tickets to the movies | 13 B/. (COL$50,301) | COL$23,589 | + 113% | |
| 2 tickets to the theater (best available seats) | 75 B/. (COL$303,393) | COL$96,921 | + 213% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 60 B/. (COL$240,937) | COL$106,064 | + 127% | |
| 1 cocktail drink in downtown club | 10 B/. (COL$39,962) | COL$24,028 | + 66% | |
| Cappuccino in expat area of the city | 4.10 B/. (COL$16,505) | COL$6,847 | + 141% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 2.89 B/. (COL$11,617) | COL$4,233 | + 174% | |
| Ipad wi-fi 128gb | 561 B/. (COL$2,256,166) | COL$1,626,210 | + 39% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 0.23 B/. (COL$935) | COL$227 | + 311% | |
| 1 month of gym membership in business district | 52 B/. (COL$208,906) | COL$128,209 | + 63% | |
| 1 package of marlboro cigarettes | 5.62 B/. (COL$22,588) | COL$6,669 | + 239% | |
| TOTAL | + 73% | |||
These prices were last updated on April 07, 2020.
Exchange rate:
4022.598
COP
/
PAB
This comparison is based on abundant and consistent data. It is based on 5,702 prices entered by 605 different people.
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Cost of living in Panama City (Panama) is 73% more expensive than in Bogotá (Colombia)
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