Cost of living in Panama City, Panama vs Bogotá, Colombia
Currency:
| Food | + 82% | |||
|---|---|---|---|---|
| Food in Panama City (Panama) is 82% more expensive than in Bogotá (Colombia) | ||||
| Basic lunchtime menu (including a drink) in the business district | 13 B/. (COL$47,613) | COL$26,206 | + 82% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 7 B/. (COL$25,392) | COL$18,220 | + 39% | |
| 500 gr (1 lb.) of boneless chicken breast | 3.51 B/. (COL$13,346) | COL$7,801 | + 71% | |
| 1 liter (1 qt.) of whole fat milk | 1.46 B/. (COL$5,547) | COL$2,923 | + 90% | |
| 12 eggs, large | 2.81 B/. (COL$10,697) | COL$5,345 | + 100% | |
| 1 kg (2 lb.) of tomatoes | 2.46 B/. (COL$9,342) | COL$2,910 | + 221% | |
| 500 gr (16 oz.) of local cheese | 5.95 B/. (COL$22,631) | COL$7,449 | + 204% | |
| 1 kg (2 lb.) of apples | 2.32 B/. (COL$8,808) | COL$5,485 | + 61% | |
| 1 kg (2 lb.) of potatoes | 2.01 B/. (COL$7,635) | COL$2,294 | + 233% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 1.04 B/. (COL$3,958) | COL$3,113 | + 27% | |
| 1 bottle of red table wine, good quality | 10 B/. (COL$38,639) | COL$43,911 | - 12% | |
| 2 liters of coca-cola | 2.15 B/. (COL$8,167) | COL$4,412 | + 85% | |
| Bread for 2 people for 1 day | 1.47 B/. (COL$5,576) | COL$2,014 | + 177% | |
| Housing | + 99% | |||
| Housing in Panama City (Panama) is 99% more expensive than in Bogotá (Colombia) | ||||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 1,427 B/. (COL$5,428,714) | COL$2,967,490 | + 83% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 899 B/. (COL$3,420,889) | COL$1,577,050 | + 117% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 108 B/. (COL$410,084) | COL$234,057 | + 75% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 958 B/. (COL$3,642,791) | COL$1,881,080 | + 94% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 620 B/. (COL$2,357,455) | COL$1,087,660 | + 117% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 81 B/. (COL$307,780) | COL$150,914 | + 104% | |
| Internet 8 mbps (1 month) | 44 B/. (COL$166,454) | COL$71,055 | + 134% | |
| 40” flat screen tv | 345 B/. (COL$1,310,562) | COL$1,222,660 | + 7% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 110 B/. (COL$419,688) | COL$328,150 | + 28% | |
| Laundry detergent (3 l. ~ 100 oz.) | 8 B/. (COL$32,186) | COL$20,398 | + 58% | |
| Hourly rate for cleaning help | 8 B/. (COL$30,938) | COL$9,820 | + 215% | |
| Clothes | + 20% | |||
| Clothes in Panama City (Panama) is 20% more expensive than in Bogotá (Colombia) | ||||
| 1 pair of jeans (levis 501 or similar) | 49 B/. (COL$184,770) | COL$175,925 | + 5% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 35 B/. (COL$132,723) | COL$107,887 | + 23% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 77 B/. (COL$293,718) | COL$267,153 | + 10% | |
| 1 pair of men’s leather business shoes | 87 B/. (COL$331,555) | COL$211,792 | + 57% | |
| 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 | 20,161 B/. (COL$76,683,450) | COL$58,118,900 | + 32% | |
| 1 liter (1/4 gallon) of gas | 0.69 B/. (COL$2,632) | COL$2,351 | + 12% | |
| Monthly ticket public transport | 37 B/. (COL$138,878) | COL$140,107 | - 1% | |
| Taxi trip on a business day, basic tariff, 8 km. (5 miles) | 12 B/. (COL$45,023) | COL$25,093 | + 79% | |
| Personal Care | + 75% | |||
| Personal Care in Panama City (Panama) is 75% more expensive than in Bogotá (Colombia) | ||||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 9 B/. (COL$34,008) | COL$15,446 | + 120% | |
| 1 box of antibiotics (12 doses) | 22 B/. (COL$81,990) | COL$18,128 | + 352% | |
| Short visit to private doctor (15 minutes) | 49 B/. (COL$186,535) | COL$90,216 | + 107% | |
| 1 box of 32 tampons (tampax, ob, ...) | 4.25 B/. (COL$16,150) | COL$19,023 | - 15% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 3.65 B/. (COL$13,876) | COL$13,846 | + 0% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 6 B/. (COL$22,873) | COL$17,258 | + 33% | |
| 4 rolls of toilet paper | 2.51 B/. (COL$9,565) | COL$6,535 | + 46% | |
| Tube of toothpaste | 2.50 B/. (COL$9,500) | COL$5,131 | + 85% | |
| Standard men's haircut in expat area of the city | 16 B/. (COL$61,223) | COL$26,080 | + 135% | |
| Entertainment | + 88% | |||
| Entertainment in Panama City (Panama) is 88% more expensive than in Bogotá (Colombia) | ||||
| Basic dinner out for two in neighborhood pub | 32 B/. (COL$121,583) | COL$37,524 | + 224% | |
| 2 tickets to the movies | 12 B/. (COL$44,810) | COL$26,291 | + 70% | |
| 2 tickets to the theater (best available seats) | 39 B/. (COL$148,995) | COL$99,730 | + 49% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 52 B/. (COL$198,951) | COL$99,006 | + 101% | |
| 1 cocktail drink in downtown club | 10 B/. (COL$37,387) | COL$24,935 | + 50% | |
| Cappuccino in expat area of the city | 4.98 B/. (COL$18,946) | COL$8,007 | + 137% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 3.79 B/. (COL$14,427) | COL$3,516 | + 310% | |
| Ipad wi-fi 128gb | 543 B/. (COL$2,067,085) | COL$1,977,470 | + 5% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 0.24 B/. (COL$897) | COL$252 | + 256% | |
| 1 month of gym membership in business district | 46 B/. (COL$176,303) | COL$138,164 | + 28% | |
| 1 package of marlboro cigarettes | 5.77 B/. (COL$21,943) | COL$7,854 | + 179% | |
| TOTAL | + 64% | |||
These prices were last updated on May 07, 2021.
Exchange rate:
3803.592
COP
/
PAB
This comparison is based on abundant and consistent data. It is based on 4,741 prices entered by 530 different people.
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