Cost of living in Panama City (Panama) is 77% 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 4,194 prices entered by 469 different people.
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Currency:
| Food | + 108% | |||
|---|---|---|---|---|
| Food in Panama City (Panama) is 108% more expensive than in Bogotá (Colombia) | ||||
| Update prices | Update prices | |||
| Panama City | Bogotá | Diff | ||
| Basic lunchtime menu (including a drink) in the business district | 19 B/. (COL$76,311) | COL$29,591 | + 158% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 8 B/. (COL$30,776) | COL$21,449 | + 43% | |
| 500 gr (1 lb.) of boneless chicken breast | 3.37 B/. (COL$13,764) | COL$8,962 | + 54% | |
| 1 liter (1 qt.) of whole fat milk | 1.70 B/. (COL$6,968) | COL$3,532 | + 97% | |
| 12 eggs, large | 3.18 B/. (COL$12,978) | COL$7,577 | + 71% | |
| 1 kg (2 lb.) of tomatoes | 2.17 B/. (COL$8,870) | COL$3,900 | + 127% | |
| 500 gr (16 oz.) of local cheese | 8 B/. (COL$33,239) | COL$9,806 | + 239% | |
| 1 kg (2 lb.) of apples | 3.42 B/. (COL$13,995) | COL$7,360 | + 90% | |
| 1 kg (2 lb.) of potatoes | 2.13 B/. (COL$8,693) | COL$3,295 | + 164% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 1.51 B/. (COL$6,181) | COL$3,382 | + 83% | |
| 1 bottle of red table wine, good quality | 13 B/. (COL$54,691) | COL$43,162 | + 27% | |
| 2 liters of coca-cola | 2.34 B/. (COL$9,568) | COL$5,050 | + 89% | |
| Bread for 2 people for 1 day | 1.84 B/. (COL$7,503) | COL$2,608 | + 188% | |
| Housing | + 109% | |||
| Housing in Panama City (Panama) is 109% 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 | 1,437 B/. (COL$5,874,005) | COL$3,006,760 | + 95% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 842 B/. (COL$3,443,014) | COL$1,689,500 | + 104% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 86 B/. (COL$352,964) | COL$280,667 | + 26% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 936 B/. (COL$3,823,919) | COL$1,902,380 | + 101% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 519 B/. (COL$2,121,757) | COL$1,021,740 | + 108% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 67 B/. (COL$273,468) | COL$180,590 | + 51% | |
| Internet 8 mbps (1 month) | 41 B/. (COL$169,228) | COL$59,236 | + 186% | |
| 40” flat screen tv | 306 B/. (COL$1,250,211) | COL$1,492,720 | - 16% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 117 B/. (COL$479,712) | COL$402,489 | + 19% | |
| Laundry detergent (3 l. ~ 100 oz.) | 7 B/. (COL$29,300) | COL$16,438 | + 78% | |
| Hourly rate for cleaning help | 12 B/. (COL$48,457) | COL$10,944 | + 343% | |
| Clothes | + 8% | |||
| Clothes in Panama City (Panama) is 8% more expensive than in Bogotá (Colombia) | ||||
| Update prices | Update prices | |||
| Panama City | Bogotá | Diff | ||
| 1 pair of jeans (levis 501 or similar) | 49 B/. (COL$201,617) | COL$208,659 | - 3% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 32 B/. (COL$132,596) | COL$135,326 | - 2% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 91 B/. (COL$373,505) | COL$307,985 | + 21% | |
| 1 pair of men’s leather business shoes | 94 B/. (COL$385,822) | COL$240,186 | + 61% | |
| Transportation | + 27% | |||
| Transportation in Panama City (Panama) is 27% 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 | 21,741 B/. (COL$88,849,799) | COL$66,725,600 | + 33% | |
| 1 liter (1/4 gallon) of gas | 1.28 B/. (COL$5,241) | COL$2,956 | + 77% | |
| Monthly ticket public transport | 38 B/. (COL$157,233) | COL$145,013 | + 8% | |
| Taxi trip on a business day, basic tariff, 8 km. (5 miles) | 10 B/. (COL$40,423) | COL$17,312 | + 134% | |
| Personal Care | + 119% | |||
| Personal Care in Panama City (Panama) is 119% 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) | 7 B/. (COL$29,125) | COL$14,207 | + 105% | |
| 1 box of antibiotics (12 doses) | 27 B/. (COL$110,852) | COL$25,192 | + 340% | |
| Short visit to private doctor (15 minutes) | 51 B/. (COL$208,957) | COL$74,599 | + 180% | |
| 1 box of 32 tampons (tampax, ob, ...) | 7 B/. (COL$27,880) | COL$21,798 | + 28% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 3.88 B/. (COL$15,860) | COL$12,571 | + 26% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 8 B/. (COL$31,530) | COL$16,921 | + 86% | |
| 4 rolls of toilet paper | 2.66 B/. (COL$10,875) | COL$6,879 | + 58% | |
| Tube of toothpaste | 2.52 B/. (COL$10,293) | COL$5,641 | + 82% | |
| Standard men's haircut in expat area of the city | 19 B/. (COL$76,476) | COL$27,538 | + 178% | |
| Entertainment | + 93% | |||
| Entertainment in Panama City (Panama) is 93% more expensive than in Bogotá (Colombia) | ||||
| Update prices | Update prices | |||
| Panama City | Bogotá | Diff | ||
| Basic dinner out for two in neighborhood pub | 31 B/. (COL$127,371) | COL$36,398 | + 250% | |
| 2 tickets to the movies | 16 B/. (COL$65,582) | COL$24,779 | + 165% | |
| 2 tickets to the theater (best available seats) | 51 B/. (COL$206,905) | COL$91,150 | + 127% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 54 B/. (COL$219,584) | COL$116,100 | + 89% | |
| 1 cocktail drink in downtown club | 8 B/. (COL$33,783) | COL$27,990 | + 21% | |
| Cappuccino in expat area of the city | 4.15 B/. (COL$16,964) | COL$9,940 | + 71% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 2.86 B/. (COL$11,690) | COL$4,076 | + 187% | |
| Ipad wi-fi 128gb | 659 B/. (COL$2,692,974) | COL$2,511,140 | + 7% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 0.26 B/. (COL$1,047) | COL$234 | + 348% | |
| 1 month of gym membership in business district | 53 B/. (COL$216,107) | COL$131,571 | + 64% | |
| 1 package of marlboro cigarettes | 5.49 B/. (COL$22,417) | COL$9,007 | + 149% | |
 |
TOTAL | + 77% | ||
This comparison has some inconsistent or sparse data. It already provides a reliable comparison but it is not bullet-proof. It is based on 4,194 prices entered by 469 different people.
These prices were last updated on June 30, 2022.
Exchange rate:
4086.833
COP
/
PAB
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For example, you would need at least COL$15,730,485 (3,849 B/.) in Panama City to maintain the same standard of living that you can have with COL$8,880,000 in Bogotá.
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