Cost of living in Panama City (Panama) is 64% more expensive than in Bogotá (Colombia)
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This comparison is based on abundant and consistent data. It is based on 4,664 prices entered by 512 different people.
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Currency:
| Food | + 75% | |||
|---|---|---|---|---|
| Food in Panama City (Panama) is 75% 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$68,419) | COL$36,977 | + 85% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 8 B/. (COL$33,949) | COL$26,336 | + 29% | |
| 500 gr (1 lb.) of boneless chicken breast | 4.42 B/. (COL$19,605) | COL$10,682 | + 84% | |
| 1 liter (1 qt.) of whole fat milk | 1.67 B/. (COL$7,409) | COL$4,636 | + 60% | |
| 12 eggs, large | 2.74 B/. (COL$12,161) | COL$8,917 | + 36% | |
| 1 kg (2 lb.) of tomatoes | 2.42 B/. (COL$10,738) | COL$4,369 | + 146% | |
| 500 gr (16 oz.) of local cheese | 8 B/. (COL$36,469) | COL$13,304 | + 174% | |
| 1 kg (2 lb.) of apples | 2.88 B/. (COL$12,801) | COL$9,712 | + 32% | |
| 1 kg (2 lb.) of potatoes | 2.05 B/. (COL$9,078) | COL$3,708 | + 145% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 1.54 B/. (COL$6,847) | COL$3,684 | + 86% | |
| 1 bottle of red table wine, good quality | 19 B/. (COL$84,026) | COL$54,072 | + 55% | |
| 2 liters of coca-cola | 2.46 B/. (COL$10,907) | COL$5,840 | + 87% | |
| Bread for 2 people for 1 day | 1.55 B/. (COL$6,893) | COL$2,988 | + 131% | |
| Housing | + 93% | |||
| Housing in Panama City (Panama) is 93% 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 | 1,446 B/. (COL$6,419,273) | COL$3,717,090 | + 73% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 947 B/. (COL$4,201,794) | COL$1,949,910 | + 115% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 141 B/. (COL$627,678) | COL$305,019 | + 106% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 995 B/. (COL$4,415,995) | COL$2,419,530 | + 83% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 621 B/. (COL$2,758,694) | COL$1,238,400 | + 123% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 78 B/. (COL$346,879) | COL$198,042 | + 75% | |
| Internet 8 mbps (1 month) | 45 B/. (COL$201,244) | COL$69,549 | + 189% | |
| 40” flat screen tv | 329 B/. (COL$1,459,929) | COL$1,586,190 | - 8% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 97 B/. (COL$431,593) | COL$489,242 | - 12% | |
| Laundry detergent (3 l. ~ 100 oz.) | 8 B/. (COL$34,349) | COL$25,491 | + 35% | |
| Hourly rate for cleaning help | 5.23 B/. (COL$23,235) | COL$13,801 | + 68% | |
| Clothes | + 5% | |||
| Clothes in Panama City (Panama) is 5% more expensive than in Bogotá (Colombia) | ||||
| Update prices | Update prices | |||
| Panama City | Bogotá | Diff | ||
| 1 pair of jeans (levis 501 or similar) | 47 B/. (COL$210,569) | COL$207,481 | + 1% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 34 B/. (COL$148,780) | COL$151,465 | - 2% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 91 B/. (COL$403,447) | COL$370,595 | + 9% | |
| 1 pair of men’s leather business shoes | 95 B/. (COL$422,233) | COL$287,977 | + 47% | |
| Transportation | + 19% | |||
| Transportation in Panama City (Panama) is 19% more expensive 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 | 22,565 B/. (COL$100,164,809) | COL$75,096,000 | + 33% | |
| 1 liter (1/4 gallon) of gas | 1.19 B/. (COL$5,303) | COL$3,542 | + 50% | |
| Monthly ticket public transport | 35 B/. (COL$157,242) | COL$153,159 | + 3% | |
| Taxi trip on a business day, basic tariff, 8 km. (5 miles) | 9 B/. (COL$39,160) | COL$19,955 | + 96% | |
| Personal Care | + 123% | |||
| Personal Care in Panama City (Panama) is 123% 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) | 8 B/. (COL$35,708) | COL$14,898 | + 140% | |
| 1 box of antibiotics (12 doses) | 25 B/. (COL$112,944) | COL$29,473 | + 283% | |
| Short visit to private doctor (15 minutes) | 53 B/. (COL$236,543) | COL$87,550 | + 170% | |
| 1 box of 32 tampons (tampax, ob, ...) | 7 B/. (COL$32,775) | COL$21,231 | + 54% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 4.29 B/. (COL$19,040) | COL$13,497 | + 41% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 8 B/. (COL$33,737) | COL$20,624 | + 64% | |
| 4 rolls of toilet paper | 3.92 B/. (COL$17,401) | COL$7,619 | + 128% | |
| Tube of toothpaste | 3.61 B/. (COL$16,003) | COL$6,427 | + 149% | |
| Standard men's haircut in expat area of the city | 18 B/. (COL$80,313) | COL$33,463 | + 140% | |
| Entertainment | + 106% | |||
| Entertainment in Panama City (Panama) is 106% more expensive than in Bogotá (Colombia) | ||||
| Update prices | Update prices | |||
| Panama City | Bogotá | Diff | ||
| Basic dinner out for two in neighborhood pub | 35 B/. (COL$154,180) | COL$48,088 | + 221% | |
| 2 tickets to the movies | 16 B/. (COL$69,721) | COL$32,484 | + 115% | |
| 2 tickets to the theater (best available seats) | 41 B/. (COL$179,918) | COL$135,402 | + 33% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 54 B/. (COL$241,572) | COL$130,349 | + 85% | |
| 1 cocktail drink in downtown club | 11 B/. (COL$48,817) | COL$34,264 | + 42% | |
| Cappuccino in expat area of the city | 5.80 B/. (COL$25,749) | COL$10,672 | + 141% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 2.75 B/. (COL$12,229) | COL$4,464 | + 174% | |
| Ipad wi-fi 128gb | 590 B/. (COL$2,619,024) | COL$3,083,510 | - 15% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 0.29 B/. (COL$1,279) | COL$216 | + 491% | |
| 1 month of gym membership in business district | 52 B/. (COL$228,836) | COL$126,833 | + 80% | |
| 1 package of marlboro cigarettes | 5.98 B/. (COL$26,557) | COL$7,886 | + 237% | |
 |
TOTAL | + 64% | ||
These prices were last updated on May 30, 2023.
Exchange rate:
4439.024
COP
/
PAB
This comparison is based on abundant and consistent data. It is based on 4,664 prices entered by 512 different people.
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