Cost of living in Port of Spain (Trinidad and Tobago) is 16% more expensive than in Colón (Panama)
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WARNING! This comparison is based on only a few data points. At this point it is only a guess. It is based on 223 prices entered by 10 different people.
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Currency:
| Food | + 18% | |||
|---|---|---|---|---|
| Food in Port of Spain (Trinidad and Tobago) is 18% more expensive than in Colón (Panama) | ||||
| Update prices | Update prices | |||
| Port of Spain | Colón | Diff | ||
| Basic lunchtime menu (including a drink) in the business district | 94 TT$ (14 B/.) | 12 B/. | + 16% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 47 TT$ (7 B/.) | 7 B/. | - 6% | |
| 500 gr (1 lb.) of boneless chicken breast | 27 TT$ (4.02 B/.) | 3.20 B/. | + 25% | |
| 1 liter (1 qt.) of whole fat milk | 14 TT$ (2.13 B/.) | 1.81 B/. | + 18% | |
| 12 eggs, large | 25 TT$ (3.72 B/.) | 3.25 B/. | + 15% | |
| 1 kg (2 lb.) of tomatoes | 23 TT$ (3.35 B/.) | 2.80 B/. | + 20% | |
| 500 gr (16 oz.) of local cheese | 41 TT$ (6 B/.) | 5.36 B/. | + 13% | |
| 1 kg (2 lb.) of apples | 31 TT$ (4.57 B/.) | 2.38 B/. | + 92% | |
| 1 kg (2 lb.) of potatoes | 13 TT$ (1.85 B/.) | 3.43 B/. | - 46% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 14 TT$ (2.05 B/.) | 0.82 B/. | + 149% | |
| 1 bottle of red table wine, good quality | 174 TT$ (26 B/.) | 5.97 B/. | + 331% | |
| 2 liters of coca-cola | 13 TT$ (1.99 B/.) | 2.33 B/. | - 15% | |
| Bread for 2 people for 1 day | 10 TT$ (1.54 B/.) | 1.96 B/. | - 21% | |
| Housing | + 4% | |||
| Housing in Port of Spain (Trinidad and Tobago) is about the same as in Colón (Panama) | ||||
| Update prices | Update prices | |||
| Port of Spain | Colón | Diff | ||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 14,062 TT$ (2,077 B/.) | 1,254 B/. | + 66% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 6,459 TT$ (954 B/.) | 527 B/. | + 81% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 546 TT$ (81 B/.) | 271 B/. | - 70% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 7,321 TT$ (1,081 B/.) | 829 B/. | + 31% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 3,482 TT$ (514 B/.) | 1,282 B/. | - 60% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 396 TT$ (58 B/.) | 109 B/. | - 46% | |
| Internet 8 mbps (1 month) | 228 TT$ (34 B/.) | 42 B/. | - 19% | |
| 40” flat screen tv | 3,562 TT$ (526 B/.) | 294 B/. | + 79% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 1,115 TT$ (165 B/.) | 71 B/. | + 131% | |
| Laundry detergent (3 l. ~ 100 oz.) | 72 TT$ (11 B/.) | 4.45 B/. | + 138% | |
| Hourly rate for cleaning help | 79 TT$ (12 B/.) | 14 B/. | - 15% | |
| Clothes | + 32% | |||
| Clothes in Port of Spain (Trinidad and Tobago) is 32% more expensive than in Colón (Panama) | ||||
| Update prices | Update prices | |||
| Port of Spain | Colón | Diff | ||
| 1 pair of jeans (levis 501 or similar) | 406 TT$ (60 B/.) | 48 B/. | + 24% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 317 TT$ (47 B/.) | 37 B/. | + 25% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 719 TT$ (106 B/.) | 61 B/. | + 76% | |
| 1 pair of men’s leather business shoes | 592 TT$ (87 B/.) | 64 B/. | + 37% | |
| Transportation | + 38% | |||
| Transportation in Port of Spain (Trinidad and Tobago) is 38% more expensive than in Colón (Panama) | ||||
| Update prices | Update prices | |||
| Port of Spain | Colón | Diff | ||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 226,723 TT$ (33,491 B/.) | 18,758 B/. | + 79% | |
| 1 liter (1/4 gallon) of gas | 5.92 TT$ (0.87 B/.) | 1.93 B/. | - 55% | |
| Monthly ticket public transport | 442 TT$ (65 B/.) | 37 B/. | + 76% | |
| Taxi trip on a business day, basic tariff, 8 km. (5 miles) | 66 TT$ (10 B/.) | 9 B/. | + 10% | |
| Personal Care | + 5% | |||
| Personal Care in Port of Spain (Trinidad and Tobago) is 5% more expensive than in Colón (Panama) | ||||
| Update prices | Update prices | |||
| Port of Spain | Colón | Diff | ||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 43 TT$ (6 B/.) | 17 B/. | - 63% | |
| 1 box of antibiotics (12 doses) | 201 TT$ (30 B/.) | 25 B/. | + 17% | |
| Short visit to private doctor (15 minutes) | 308 TT$ (45 B/.) | 39 B/. | + 15% | |
| 1 box of 32 tampons (tampax, ob, ...) | 36 TT$ (5.37 B/.) | 5.97 B/. | - 10% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 30 TT$ (4.44 B/.) | 3.43 B/. | + 29% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 40 TT$ (5.84 B/.) | 3.68 B/. | + 59% | |
| 4 rolls of toilet paper | 15 TT$ (2.15 B/.) | 2.27 B/. | - 5% | |
| Tube of toothpaste | 19 TT$ (2.84 B/.) | 1.44 B/. | + 97% | |
| Standard men's haircut in expat area of the city | 80 TT$ (12 B/.) | 8 B/. | + 39% | |
| Entertainment | + 3% | |||
| Entertainment in Port of Spain (Trinidad and Tobago) is about the same as in Colón (Panama) | ||||
| Update prices | Update prices | |||
| Port of Spain | Colón | Diff | ||
| Basic dinner out for two in neighborhood pub | 411 TT$ (61 B/.) | 12 B/. | + 406% | |
| 2 tickets to the movies | 94 TT$ (14 B/.) | 11 B/. | + 32% | |
| 2 tickets to the theater (best available seats) | 324 TT$ (48 B/.) | 25 B/. | + 91% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 783 TT$ (116 B/.) | 76 B/. | + 52% | |
| 1 cocktail drink in downtown club | 63 TT$ (9 B/.) | 11 B/. | - 16% | |
| Cappuccino in expat area of the city | 31 TT$ (4.60 B/.) | 4.30 B/. | + 7% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 19 TT$ (2.77 B/.) | 2.21 B/. | + 25% | |
| Ipad wi-fi 128gb | 4,120 TT$ (609 B/.) | 465 B/. | + 31% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 1.28 TT$ (0.19 B/.) | 0.64 B/. | - 70% | |
| 1 month of gym membership in business district | 377 TT$ (56 B/.) | 31 B/. | + 81% | |
| 1 package of marlboro cigarettes | 33 TT$ (4.80 B/.) | 4.77 B/. | + 1% | |
 |
TOTAL | + 16% | ||
WARNING! This comparison is based on only a few data points. At this point it is only a guess. It is based on 223 prices entered by 10 different people.
These prices were last updated on September 28, 2023.
Exchange rate:
0.14772
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For example, you would need at least 4,403 B/. (29,807 TT$) in Port of Spain to maintain the same standard of living that you can have with 3,800 B/. in Colón.
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