Cost of living in Panama City (Panama) is 45% more expensive than in Bogotá (Colombia)
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This comparison has some inconsistent or sparse data. It already provides a reliable comparison but it is not bullet-proof. It is based on 1,889 prices entered by 278 different people.
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Currency:
| Food | + 50% | |||
|---|---|---|---|---|
| Food in Panama City (Panama) is 50% more expensive than in Bogotá (Colombia) | ||||
| Update prices | Update prices | |||
| Panama City | Bogotá | Diff | ||
| Basic lunchtime menu (including a drink) in the business district | 15 B/. (COL$64,123) | COL$33,585 | + 91% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 8 B/. (COL$32,060) | COL$29,910 | + 7% | |
| 500 gr (1 lb.) of boneless chicken breast | 3.38 B/. (COL$14,267) | COL$11,316 | + 26% | |
| 1 liter (1 qt.) of whole fat milk | 1.79 B/. (COL$7,558) | COL$5,179 | + 46% | |
| 12 eggs, large | 3.15 B/. (COL$13,292) | COL$9,696 | + 37% | |
| 1 kg (2 lb.) of tomatoes | 2.62 B/. (COL$11,065) | COL$4,361 | + 154% | |
| 500 gr (16 oz.) of local cheese | 6 B/. (COL$27,146) | COL$14,277 | + 90% | |
| 1 kg (2 lb.) of apples | 2.80 B/. (COL$11,801) | COL$8,956 | + 32% | |
| 1 kg (2 lb.) of potatoes | 2.46 B/. (COL$10,383) | COL$4,527 | + 129% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 1.50 B/. (COL$6,337) | COL$4,427 | + 43% | |
| 1 bottle of red table wine, good quality | 12 B/. (COL$51,304) | COL$54,269 | - 5% | |
| 2 liters of coca-cola | 2.43 B/. (COL$10,255) | COL$7,656 | + 34% | |
| Bread for 2 people for 1 day | 1.55 B/. (COL$6,527) | COL$3,753 | + 74% | |
| Housing | + 72% | |||
| Housing in Panama City (Panama) is 72% more expensive than in Bogotá (Colombia) | ||||
| Update prices | Update prices | |||
| Panama City | Bogotá | Diff | ||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 1,591 B/. (COL$6,708,411) | COL$4,118,990 | + 63% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 948 B/. (COL$3,997,043) | COL$2,632,510 | + 52% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 140 B/. (COL$591,628) | COL$364,162 | + 62% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 1,033 B/. (COL$4,356,081) | COL$2,663,650 | + 64% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 635 B/. (COL$2,678,626) | COL$1,516,120 | + 77% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 98 B/. (COL$412,905) | COL$241,114 | + 71% | |
| Internet 8 mbps (1 month) | 38 B/. (COL$161,957) | COL$75,087 | + 116% | |
| 40” flat screen tv | 321 B/. (COL$1,352,389) | COL$1,442,680 | - 6% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 107 B/. (COL$449,039) | COL$437,575 | + 3% | |
| Laundry detergent (3 l. ~ 100 oz.) | 9 B/. (COL$40,021) | COL$22,833 | + 75% | |
| Hourly rate for cleaning help | 12 B/. (COL$51,993) | COL$15,247 | + 241% | |
| Clothes | + 17% | |||
| Clothes in Panama City (Panama) is 17% more expensive than in Bogotá (Colombia) | ||||
| Update prices | Update prices | |||
| Panama City | Bogotá | Diff | ||
| 1 pair of jeans (levis 501 or similar) | 57 B/. (COL$240,701) | COL$216,633 | + 11% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 43 B/. (COL$179,570) | COL$152,434 | + 18% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 104 B/. (COL$440,321) | COL$380,593 | + 16% | |
| 1 pair of men’s leather business shoes | 100 B/. (COL$422,414) | COL$312,831 | + 35% | |
| Transportation | - 11% | |||
| Transportation in Panama City (Panama) is 11% cheaper than in Bogotá (Colombia) | ||||
| Update prices | Update prices | |||
| Panama City | Bogotá | Diff | ||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 22,225 B/. (COL$93,688,089) | COL$71,178,000 | + 32% | |
| 1 liter (1/4 gallon) of gas | 1.01 B/. (COL$4,240) | COL$4,163 | + 2% | |
| Monthly ticket public transport | 24 B/. (COL$100,898) | COL$151,360 | - 33% | |
| Taxi trip on a business day, basic tariff, 8 km. (5 miles) | 9 B/. (COL$39,675) | COL$23,632 | + 68% | |
| Personal Care | + 94% | |||
| Personal Care in Panama City (Panama) is 94% more expensive than in Bogotá (Colombia) | ||||
| Update prices | Update prices | |||
| Panama City | Bogotá | Diff | ||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 9 B/. (COL$37,041) | COL$20,316 | + 82% | |
| 1 box of antibiotics (12 doses) | 23 B/. (COL$97,720) | COL$30,683 | + 218% | |
| Short visit to private doctor (15 minutes) | 55 B/. (COL$230,828) | COL$118,577 | + 95% | |
| 1 box of 32 tampons (tampax, ob, ...) | 8 B/. (COL$33,038) | COL$17,240 | + 92% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 4.26 B/. (COL$17,967) | COL$13,769 | + 30% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 8 B/. (COL$35,508) | COL$16,533 | + 115% | |
| 4 rolls of toilet paper | 2.95 B/. (COL$12,417) | COL$7,342 | + 69% | |
| Tube of toothpaste | 3.04 B/. (COL$12,821) | COL$6,822 | + 88% | |
| Standard men's haircut in expat area of the city | 18 B/. (COL$77,340) | COL$38,955 | + 99% | |
| Entertainment | + 100% | |||
| Entertainment in Panama City (Panama) is 100% more expensive than in Bogotá (Colombia) | ||||
| Update prices | Update prices | |||
| Panama City | Bogotá | Diff | ||
| Basic dinner out for two in neighborhood pub | 36 B/. (COL$151,478) | COL$66,345 | + 128% | |
| 2 tickets to the movies | 11 B/. (COL$45,212) | COL$29,407 | + 54% | |
| 2 tickets to the theater (best available seats) | 34 B/. (COL$144,168) | COL$126,582 | + 14% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 64 B/. (COL$271,482) | COL$153,603 | + 77% | |
| 1 cocktail drink in downtown club | 11 B/. (COL$44,874) | COL$40,094 | + 12% | |
| Cappuccino in expat area of the city | 5.10 B/. (COL$21,513) | COL$10,984 | + 96% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 2.82 B/. (COL$11,888) | COL$5,415 | + 120% | |
| Ipad wi-fi 128gb | 689 B/. (COL$2,902,873) | COL$2,577,400 | + 13% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 0.34 B/. (COL$1,435) | COL$293 | + 390% | |
| 1 month of gym membership in business district | 52 B/. (COL$217,759) | COL$135,600 | + 61% | |
| 1 package of marlboro cigarettes | 6 B/. (COL$25,672) | COL$9,630 | + 167% | |
 |
TOTAL | + 45% | ||
This comparison has some inconsistent or sparse data. It already provides a reliable comparison but it is not bullet-proof. It is based on 1,889 prices entered by 278 different people.
These prices were last updated on May 22, 2025.
Exchange rate:
4215.494
COP
/
PAB
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For example, you would need at least COL$16,260,853 (3,857 B/.) in Panama City to maintain the same standard of living that you can have with COL$11,200,000 in Bogotá.
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