Cost of living in Colón, Panama vs Melbourne, Australia
Currency:
| Food | - 14% | |||
|---|---|---|---|---|
| Food in Colón (Panama) is 14% cheaper than in Melbourne (Australia) | ||||
| Basic lunchtime menu (including a drink) in the business district | 14 B/. (AU$19) | AU$18 | + 6% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 8 B/. (AU$10) | AU$12 | - 18% | |
| 500 gr (1 lb.) of boneless chicken breast | 2.76 B/. (AU$3.58) | AU$5.27 | - 32% | |
| 1 liter (1 qt.) of whole fat milk | 1.78 B/. (AU$2.32) | AU$1.48 | + 56% | |
| 12 eggs, large | 3.24 B/. (AU$4.21) | AU$5.06 | - 17% | |
| 1 kg (2 lb.) of tomatoes | 3.21 B/. (AU$4.16) | AU$4.83 | - 14% | |
| 500 gr (16 oz.) of local cheese | 5.52 B/. (AU$7) | AU$6 | + 10% | |
| 1 kg (2 lb.) of apples | 2.65 B/. (AU$3.43) | AU$4.57 | - 25% | |
| 1 kg (2 lb.) of potatoes | 5.40 B/. (AU$7) | AU$3.19 | + 120% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 0.76 B/. (AU$0.99) | AU$5.70 | - 83% | |
| 1 bottle of red table wine, good quality | 7 B/. (AU$9) | AU$17 | - 46% | |
| 2 liters of coca-cola | 2.24 B/. (AU$2.91) | AU$2.80 | + 4% | |
| Bread for 2 people for 1 day | 1.75 B/. (AU$2.28) | AU$2.67 | - 15% | |
| Housing | - 30% | |||
| Housing in Colón (Panama) is 30% cheaper than in Melbourne (Australia) | ||||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 1,388 B/. (AU$1,802) | AU$2,894 | - 38% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 645 B/. (AU$837) | AU$2,147 | - 61% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 348 B/. (AU$451) | AU$238 | + 90% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 1,025 B/. (AU$1,331) | AU$1,809 | - 26% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 536 B/. (AU$696) | AU$1,422 | - 51% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 119 B/. (AU$154) | AU$159 | - 3% | |
| Internet 8 mbps (1 month) | 33 B/. (AU$43) | AU$46 | - 7% | |
| 40” flat screen tv | 340 B/. (AU$441) | AU$354 | + 25% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 94 B/. (AU$122) | AU$212 | - 42% | |
| Laundry detergent (3 l. ~ 100 oz.) | 5.78 B/. (AU$7) | AU$12 | - 37% | |
| Hourly rate for cleaning help | 7 B/. (AU$9) | AU$28 | - 67% | |
| Clothes | - 6% | |||
| Clothes in Colón (Panama) is 6% cheaper than in Melbourne (Australia) | ||||
| 1 pair of jeans (levis 501 or similar) | 60 B/. (AU$79) | AU$101 | - 22% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 49 B/. (AU$64) | AU$59 | + 8% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 78 B/. (AU$101) | AU$129 | - 22% | |
| 1 pair of men’s leather business shoes | 81 B/. (AU$106) | AU$131 | - 19% | |
| Transportation | - 56% | |||
| Transportation in Colón (Panama) is 56% cheaper than in Melbourne (Australia) | ||||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 18,737 B/. (AU$24,324) | AU$27,303 | - 11% | |
| 1 liter (1/4 gallon) of gas | 0.80 B/. (AU$1.04) | AU$1.38 | - 25% | |
| Monthly ticket public transport | 37 B/. (AU$48) | AU$160 | - 70% | |
| Taxi trip on a business day, basic tariff, 8 km. (5 miles) | - | AU$21 | - | |
| Personal Care | + 37% | |||
| Personal Care in Colón (Panama) is 37% more expensive than in Melbourne (Australia) | ||||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 14 B/. (AU$18) | AU$7 | + 152% | |
| 1 box of antibiotics (12 doses) | 31 B/. (AU$40) | AU$24 | + 68% | |
| Short visit to private doctor (15 minutes) | 60 B/. (AU$78) | AU$72 | + 9% | |
| 1 box of 32 tampons (tampax, ob, ...) | 7 B/. (AU$9) | AU$7 | + 32% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 5.09 B/. (AU$7) | AU$4.31 | + 53% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 6.00 B/. (AU$8) | AU$5.32 | + 47% | |
| 4 rolls of toilet paper | 3.09 B/. (AU$4.01) | AU$2.55 | + 57% | |
| Tube of toothpaste | 1.41 B/. (AU$1.82) | AU$3.01 | - 39% | |
| Standard men's haircut in expat area of the city | 10 B/. (AU$13) | AU$36 | - 64% | |
| Entertainment | - 37% | |||
| Entertainment in Colón (Panama) is 37% cheaper than in Melbourne (Australia) | ||||
| Basic dinner out for two in neighborhood pub | 12 B/. (AU$16) | AU$51 | - 70% | |
| 2 tickets to the movies | 13 B/. (AU$17) | AU$39 | - 57% | |
| 2 tickets to the theater (best available seats) | - | AU$226 | - | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 51 B/. (AU$66) | AU$78 | - 15% | |
| 1 cocktail drink in downtown club | 7 B/. (AU$9) | AU$16 | - 42% | |
| Cappuccino in expat area of the city | 3.92 B/. (AU$5.09) | AU$4.40 | + 16% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 3.50 B/. (AU$4.54) | AU$10 | - 54% | |
| Ipad wi-fi 128gb | 465 B/. (AU$604) | AU$634 | - 5% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 0.25 B/. (AU$0.32) | AU$0.25 | + 32% | |
| 1 month of gym membership in business district | 37 B/. (AU$48) | AU$72 | - 33% | |
| 1 package of marlboro cigarettes | 4.53 B/. (AU$5.88) | AU$33 | - 82% | |
| TOTAL | - 32% | |||
This comparison is lacking data. It provides a decent comparison, but it is not yet reliable. It is based on 1,013 prices entered by 144 different people.
These prices were last updated on February 28, 2021.
Exchange rate:
1.298
AUD
/
PAB
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Cost of living in Colón (Panama) is 32% cheaper than in Melbourne (Australia)
For example, to keep the same standard of living that would require AU$7,800 in Melbourne you would need to make just about AU$5,321 (4,099 B/.) in Colón.
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