Cost of living in Panama City (Panama) is 98% more expensive than in Neiva (Colombia)
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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 351 prices entered by 58 different people.
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Currency:
| Food | + 129% | |||
|---|---|---|---|---|
| Food in Panama City (Panama) is 129% more expensive than in Neiva (Colombia) | ||||
| Update prices | Update prices | |||
| Panama City | Neiva | Diff | ||
| Basic lunchtime menu (including a drink) in the business district | 14 B/. (COL$60,246) | COL$23,380 | + 158% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 7 B/. (COL$30,479) | COL$15,662 | + 95% | |
| 500 gr (1 lb.) of boneless chicken breast | 3.56 B/. (COL$15,571) | COL$7,100 | + 119% | |
| 1 liter (1 qt.) of whole fat milk | 1.80 B/. (COL$7,866) | COL$3,316 | + 137% | |
| 12 eggs, large | 2.77 B/. (COL$12,118) | COL$7,056 | + 72% | |
| 1 kg (2 lb.) of tomatoes | 2.90 B/. (COL$12,676) | COL$3,006 | + 322% | |
| 500 gr (16 oz.) of local cheese | 6 B/. (COL$28,150) | COL$9,255 | + 204% | |
| 1 kg (2 lb.) of apples | 3.23 B/. (COL$14,139) | COL$5,104 | + 177% | |
| 1 kg (2 lb.) of potatoes | 2.56 B/. (COL$11,202) | COL$2,899 | + 286% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 1.23 B/. (COL$5,385) | COL$2,552 | + 111% | |
| 1 bottle of red table wine, good quality | 10 B/. (COL$44,045) | COL$46,296 | - 5% | |
| 2 liters of coca-cola | 2.53 B/. (COL$11,076) | COL$4,953 | + 124% | |
| Bread for 2 people for 1 day | 1.67 B/. (COL$7,278) | COL$2,206 | + 230% | |
| Housing | + 204% | |||
| Housing in Panama City (Panama) is 204% more expensive than in Neiva (Colombia) | ||||
| Update prices | Update prices | |||
| Panama City | Neiva | Diff | ||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 1,400 B/. (COL$6,117,905) | COL$2,029,930 | + 201% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 897 B/. (COL$3,922,589) | COL$796,442 | + 393% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 148 B/. (COL$649,008) | COL$188,013 | + 245% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 941 B/. (COL$4,114,974) | COL$1,124,050 | + 266% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 641 B/. (COL$2,802,758) | COL$713,384 | + 293% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 98 B/. (COL$429,741) | COL$106,237 | + 305% | |
| Internet 8 mbps (1 month) | 38 B/. (COL$164,022) | COL$66,531 | + 147% | |
| 40” flat screen tv | 333 B/. (COL$1,457,336) | COL$1,241,940 | + 17% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 99 B/. (COL$434,307) | COL$396,860 | + 9% | |
| Laundry detergent (3 l. ~ 100 oz.) | 12 B/. (COL$50,461) | COL$21,723 | + 132% | |
| Hourly rate for cleaning help | 7 B/. (COL$31,844) | COL$19,736 | + 61% | |
| Clothes | + 69% | |||
| Clothes in Panama City (Panama) is 69% more expensive than in Neiva (Colombia) | ||||
| Update prices | Update prices | |||
| Panama City | Neiva | Diff | ||
| 1 pair of jeans (levis 501 or similar) | 64 B/. (COL$279,405) | COL$259,252 | + 8% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 46 B/. (COL$201,035) | COL$88,559 | + 127% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 99 B/. (COL$434,313) | COL$290,380 | + 50% | |
| 1 pair of men’s leather business shoes | 112 B/. (COL$489,937) | COL$226,659 | + 116% | |
| Transportation | - 3% | |||
| Transportation in Panama City (Panama) is about the same as in Neiva (Colombia) | ||||
| Update prices | Update prices | |||
| Panama City | Neiva | Diff | ||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 20,976 B/. (COL$91,681,598) | COL$62,928,200 | + 46% | |
| 1 liter (1/4 gallon) of gas | 1.01 B/. (COL$4,406) | COL$4,964 | - 11% | |
| Monthly ticket public transport | 27 B/. (COL$116,522) | COL$144,825 | - 20% | |
| Taxi trip on a business day, basic tariff, 8 km. (5 miles) | 9 B/. (COL$39,329) | COL$18,063 | + 118% | |
| Personal Care | + 106% | |||
| Personal Care in Panama City (Panama) is 106% more expensive than in Neiva (Colombia) | ||||
| Update prices | Update prices | |||
| Panama City | Neiva | Diff | ||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 10 B/. (COL$42,103) | COL$26,958 | + 56% | |
| 1 box of antibiotics (12 doses) | 20 B/. (COL$87,761) | COL$12,000 | + 631% | |
| Short visit to private doctor (15 minutes) | 54 B/. (COL$236,390) | COL$107,831 | + 119% | |
| 1 box of 32 tampons (tampax, ob, ...) | 7 B/. (COL$31,309) | COL$17,013 | + 84% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 5.01 B/. (COL$21,881) | COL$19,520 | + 12% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 8 B/. (COL$36,330) | COL$11,126 | + 227% | |
| 4 rolls of toilet paper | 3.34 B/. (COL$14,620) | COL$7,683 | + 90% | |
| Tube of toothpaste | 3.71 B/. (COL$16,202) | COL$4,789 | + 238% | |
| Standard men's haircut in expat area of the city | 16 B/. (COL$71,532) | COL$38,187 | + 87% | |
| Entertainment | + 221% | |||
| Entertainment in Panama City (Panama) is 221% more expensive than in Neiva (Colombia) | ||||
| Update prices | Update prices | |||
| Panama City | Neiva | Diff | ||
| Basic dinner out for two in neighborhood pub | 36 B/. (COL$157,562) | COL$31,917 | + 394% | |
| 2 tickets to the movies | 12 B/. (COL$50,693) | COL$21,616 | + 135% | |
| 2 tickets to the theater (best available seats) | 36 B/. (COL$156,578) | COL$68,693 | + 128% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 61 B/. (COL$267,867) | COL$88,433 | + 203% | |
| 1 cocktail drink in downtown club | 11 B/. (COL$49,830) | COL$20,388 | + 144% | |
| Cappuccino in expat area of the city | 4.97 B/. (COL$21,729) | COL$7,948 | + 173% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 3.27 B/. (COL$14,272) | COL$4,661 | + 206% | |
| Ipad wi-fi 128gb | 617 B/. (COL$2,696,337) | COL$1,677,390 | + 61% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 0.33 B/. (COL$1,452) | COL$216 | + 574% | |
| 1 month of gym membership in business district | 59 B/. (COL$256,761) | COL$104,019 | + 147% | |
| 1 package of marlboro cigarettes | 6 B/. (COL$27,279) | COL$7,902 | + 245% | |
 |
TOTAL | + 98% | ||
WARNING! This comparison is based on only a few data points. At this point it is only a guess. It is based on 351 prices entered by 58 different people.
These prices were last updated on December 11, 2024.
Exchange rate:
4370.806
COP
/
PAB
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For example, you would need at least COL$12,526,698 (2,866 B/.) in Panama City to maintain the same standard of living that you can have with COL$6,340,000 in Neiva.
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