Cost of living in Colón, Panama vs Limassol, Cyprus
Currency:
| Food | - 4% | |||
|---|---|---|---|---|
| Food in Colón (Panama) is 4% cheaper than in Limassol (Cyprus) | ||||
| Basic lunchtime menu (including a drink) in the business district | 14 B/. (€12) | €13 | - 10% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 8 B/. (€6) | €7 | - 10% | |
| 500 gr (1 lb.) of boneless chicken breast | 2.76 B/. (€2.31) | €4.80 | - 52% | |
| 1 liter (1 qt.) of whole fat milk | 1.78 B/. (€1.50) | €1.48 | + 1% | |
| 12 eggs, large | 3.24 B/. (€2.72) | €3.68 | - 26% | |
| 1 kg (2 lb.) of tomatoes | 3.21 B/. (€2.69) | €1.58 | + 70% | |
| 500 gr (16 oz.) of local cheese | 5.52 B/. (€4.63) | €3.59 | + 29% | |
| 1 kg (2 lb.) of apples | 2.65 B/. (€2.22) | €1.77 | + 25% | |
| 1 kg (2 lb.) of potatoes | 5.40 B/. (€4.53) | €0.81 | + 459% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 0.76 B/. (€0.64) | €1.31 | - 51% | |
| 1 bottle of red table wine, good quality | 7 B/. (€5.87) | €7 | - 16% | |
| 2 liters of coca-cola | 2.24 B/. (€1.88) | €2.17 | - 13% | |
| Bread for 2 people for 1 day | 1.75 B/. (€1.47) | €1.34 | + 10% | |
| Housing | + 5% | |||
| Housing in Colón (Panama) is 5% more expensive than in Limassol (Cyprus) | ||||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 1,388 B/. (€1,163) | €1,152 | + 1% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 645 B/. (€540) | €844 | - 36% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 348 B/. (€291) | €170 | + 72% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 1,025 B/. (€859) | €701 | + 23% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 536 B/. (€449) | €523 | - 14% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 119 B/. (€100) | €79 | + 27% | |
| Internet 8 mbps (1 month) | 33 B/. (€28) | €28 | - 3% | |
| 40” flat screen tv | 340 B/. (€285) | €421 | - 32% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 94 B/. (€79) | €109 | - 28% | |
| Laundry detergent (3 l. ~ 100 oz.) | 5.78 B/. (€4.84) | €7 | - 33% | |
| Hourly rate for cleaning help | 7 B/. (€5.87) | €6 | - 6% | |
| Clothes | + 1% | |||
| Clothes in Colón (Panama) is about the same as in Limassol (Cyprus) | ||||
| 1 pair of jeans (levis 501 or similar) | 60 B/. (€51) | €63 | - 19% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 49 B/. (€41) | €35 | + 18% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 78 B/. (€65) | €71 | - 8% | |
| 1 pair of men’s leather business shoes | 81 B/. (€68) | €89 | - 24% | |
| Transportation | - 22% | |||
| Transportation in Colón (Panama) is 22% cheaper than in Limassol (Cyprus) | ||||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 18,737 B/. (€15,705) | €15,286 | + 3% | |
| 1 liter (1/4 gallon) of gas | 0.80 B/. (€0.67) | €1.21 | - 45% | |
| Monthly ticket public transport | 37 B/. (€31) | €42 | - 26% | |
| Taxi trip on a business day, basic tariff, 8 km. (5 miles) | - | €12 | - | |
| Personal Care | + 34% | |||
| Personal Care in Colón (Panama) is 34% more expensive than in Limassol (Cyprus) | ||||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 14 B/. (€12) | €4.55 | + 158% | |
| 1 box of antibiotics (12 doses) | 31 B/. (€26) | €14 | + 92% | |
| Short visit to private doctor (15 minutes) | 60 B/. (€50) | €50 | + 1% | |
| 1 box of 32 tampons (tampax, ob, ...) | 7 B/. (€5.87) | €3.53 | + 66% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 5.09 B/. (€4.27) | €3.60 | + 19% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 6.00 B/. (€5.03) | €3.64 | + 38% | |
| 4 rolls of toilet paper | 3.09 B/. (€2.59) | €1.97 | + 31% | |
| Tube of toothpaste | 1.41 B/. (€1.18) | €2.40 | - 51% | |
| Standard men's haircut in expat area of the city | 10 B/. (€8) | €13 | - 38% | |
| Entertainment | - 23% | |||
| Entertainment in Colón (Panama) is 23% cheaper than in Limassol (Cyprus) | ||||
| Basic dinner out for two in neighborhood pub | 12 B/. (€10) | €37 | - 73% | |
| 2 tickets to the movies | 13 B/. (€11) | €17 | - 36% | |
| 2 tickets to the theater (best available seats) | - | €26 | - | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 51 B/. (€43) | €44 | - 3% | |
| 1 cocktail drink in downtown club | 7 B/. (€5.87) | €8 | - 23% | |
| Cappuccino in expat area of the city | 3.92 B/. (€3.29) | €2.93 | + 12% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 3.50 B/. (€2.93) | €2.96 | - 1% | |
| Ipad wi-fi 128gb | 465 B/. (€390) | €504 | - 23% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 0.25 B/. (€0.21) | €0.09 | + 141% | |
| 1 month of gym membership in business district | 37 B/. (€31) | €59 | - 48% | |
| 1 package of marlboro cigarettes | 4.53 B/. (€3.80) | €4.77 | - 20% | |
| TOTAL | - 6% | |||
This comparison is lacking data. It provides a decent comparison, but it is not yet reliable. It is based on 77 prices entered by 15 different people.
These prices were last updated on March 09, 2021.
Exchange rate:
0.838
EUR
/
PAB
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Cost of living in Colón (Panama) is 6% cheaper than in Limassol (Cyprus)
For example, to keep the same standard of living that would require €3,300 in Limassol you would need to make just about €3,100 (3,699 B/.) in Colón.
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