Cost of living in Colón (Panama) is about the same as in Memphis, Tennessee (United States)
This comparison is lacking data. It provides a decent comparison, but it is not yet reliable. It is based on 112 prices entered by 22 different people.
Food in Colón (Panama) is 6% more expensive than in Memphis, Tennessee (United States) | ||
---|---|---|
Colón (Panama) | Memphis, Tennessee (United States) | Diff |
Basic lunchtime menu (including a drink) in the business district | ||
14 B/. ($14) | $13 | 11% |
Combo meal in fast food restaurant (Big Mac Meal or similar) | ||
8 B/. ($8) | $7 | 3% |
500 gr (1 lb.) of boneless chicken breast | ||
2.76 B/. ($2.75) | $3.27 | 16% |
1 liter (1 qt.) of whole fat milk | ||
1.78 B/. ($1.78) | $0.80 | 124% |
12 eggs, large | ||
3.24 B/. ($3.24) | $2.02 | 61% |
1 kg (2 lb.) of tomatoes | ||
3.21 B/. ($3.21) | $2.93 | 10% |
500 gr (16 oz.) of local cheese | ||
5.52 B/. ($5.52) | $5.55 | 1% |
1 kg (2 lb.) of apples | ||
2.65 B/. ($2.64) | $3.27 | 19% |
1 kg (2 lb.) of potatoes | ||
5.40 B/. ($5.40) | $1.63 | 231% |
0.5 l (16 oz) domestic beer in the supermarket | ||
0.76 B/. ($0.76) | $2.07 | 63% |
1 bottle of red table wine, good quality | ||
7 B/. ($7) | $14 | 51% |
2 liters of Coca-Cola | ||
2.24 B/. ($2.24) | $1.70 | 32% |
Bread for 2 people for 1 day | ||
1.75 B/. ($1.75) | $1.91 | 8% |
Housing in Colón (Panama) is 6% cheaper than in Memphis, Tennessee (United States) | ||
Colón (Panama) | Memphis, Tennessee (United States) | Diff |
Monthly rent for 85 m2 (900 Sqft) furnished accommodation in EXPENSIVE area | ||
1,388 B/. ($1,387) | $1,253 | 11% |
Monthly rent for 85 m2 (900 Sqft) furnished accommodation in NORMAL area | ||
645 B/. ($644) | $936 | 31% |
Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | ||
348 B/. ($348) | $166 | 109% |
Monthly rent for a 45 m2 (480 Sqft) furnished studio in EXPENSIVE area | ||
1,025 B/. ($1,025) | $989 | 4% |
Monthly rent for a 45 m2 (480 Sqft) furnished studio in NORMAL area | ||
536 B/. ($535) | $769 | 30% |
Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 Sqft) studio | ||
119 B/. ($119) | $96 | 24% |
Internet 8 Mbps (1 month) | ||
33 B/. ($33) | $48 | 31% |
40” flat screen TV | ||
340 B/. ($340) | $299 | 14% |
Microwave 800/900 Watt (Bosch, Panasonic, LG, Sharp, or equivalent brands) | ||
94 B/. ($94) | $96 | 2% |
Laundry detergent (3 l. ~ 100 oz.) | ||
5.78 B/. ($5.77) | $12 | 50% |
Hourly rate for cleaning help | ||
7 B/. ($7) | $20 | 66% |
Clothes in Colón (Panama) is 31% more expensive than in Memphis, Tennessee (United States) | ||
Colón (Panama) | Memphis, Tennessee (United States) | Diff |
1 pair of jeans (Levis 501 or similar) | ||
60 B/. ($60) | $42 | 43% |
1 summer dress in a High Street Store (Zara, H&M or similar retailers) | ||
49 B/. ($49) | $33 | 49% |
1 pair of sport shoes (Nike, Adidas, or equivalent brands) | ||
78 B/. ($78) | $82 | 6% |
1 pair of men’s leather business shoes | ||
81 B/. ($81) | $103 | 21% |
Transportation in Colón (Panama) is 13% cheaper than in Memphis, Tennessee (United States) | ||
Colón (Panama) | Memphis, Tennessee (United States) | Diff |
Volkswagen Golf 1.4 TSI 150 CV (or equivalent), with no extras, new | ||
18,737 B/. ($18,726) | $21,300 | 12% |
1 liter (1/4 gallon) of gas | ||
0.80 B/. ($0.80) | $0.58 | 38% |
Monthly ticket public transport | ||
37 B/. ($37) | $48 | 23% |
Taxi trip on a business day, basic tariff, 8 km. (5 miles) | ||
- | $13 | - |
Personal Care in Colón (Panama) is 14% more expensive than in Memphis, Tennessee (United States) | ||
Colón (Panama) | Memphis, Tennessee (United States) | Diff |
Cold medicine for 6 days (Tylenol, Frenadol, Coldrex, or equivalent brands) | ||
14 B/. ($14) | $7 | 94% |
1 box of antibiotics (12 doses) | ||
31 B/. ($31) | $8 | 273% |
Short visit to private Doctor (15 minutes) | ||
60 B/. ($60) | $131 | 54% |
1 box of 32 tampons (Tampax, OB, ...) | ||
7 B/. ($7) | $5.89 | 19% |
Deodorant, roll-on (50ml ~ 1.5 oz.) | ||
5.09 B/. ($5.09) | $2.89 | 76% |
Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | ||
6.00 B/. ($6.00) | $4.96 | 21% |
4 rolls of toilet paper | ||
3.09 B/. ($3.09) | $3.10 | 0% |
Tube of toothpaste | ||
1.41 B/. ($1.40) | $1.56 | 10% |
Standard men's haircut in expat area of the city | ||
10 B/. ($10) | $17 | 43% |
Entertainment in Colón (Panama) is 13% cheaper than in Memphis, Tennessee (United States) | ||
Colón (Panama) | Memphis, Tennessee (United States) | Diff |
Basic dinner out for two in neighborhood pub | ||
12 B/. ($12) | $44 | 73% |
2 tickets to the movies | ||
13 B/. ($13) | $21 | 40% |
2 tickets to the theater (best available seats) | ||
- | $124 | - |
Dinner for two at an Italian restaurant in the expat area including appetisers, main course, wine and dessert | ||
51 B/. ($51) | $53 | 4% |
1 cocktail drink in downtown club | ||
7 B/. ($7) | $10 | 29% |
Cappuccino in expat area of the city | ||
3.92 B/. ($3.92) | $4.89 | 20% |
1 beer in neighbourhood pub (500ml or 1pt.) | ||
3.50 B/. ($3.50) | $4.21 | 17% |
iPad Wi-Fi 128GB | ||
465 B/. ($465) | $432 | 8% |
1 min. of prepaid mobile tariff (no discounts or plans) | ||
0.25 B/. ($0.25) | $0.11 | 137% |
1 month of gym membership in business district | ||
37 B/. ($37) | $34 | 10% |
1 package of Marlboro cigarettes | ||
4.53 B/. ($4.53) | $6 | 28% |
Detailed prices for each city individually
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Compare other countries
For example, to keep the same standard of living that would require $4,100 in Memphis, Tennessee you would need to make just about $3,980 (3,982 B/.) in Colón.