Cost of living in Colón, Panama vs Thessaloniki, Greece
Currency:
| Food | - 3% | |||
|---|---|---|---|---|
| Food in Colón (Panama) is about the same as in Thessaloniki (Greece) | ||||
| Basic lunchtime menu (including a drink) in the business district | 14 B/. (€12) | €16 | - 25% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 8 B/. (€6) | €7 | - 9% | |
| 500 gr (1 lb.) of boneless chicken breast | 2.76 B/. (€2.27) | €4.12 | - 45% | |
| 1 liter (1 qt.) of whole fat milk | 1.78 B/. (€1.47) | €1.23 | + 19% | |
| 12 eggs, large | 3.24 B/. (€2.68) | €4.06 | - 34% | |
| 1 kg (2 lb.) of tomatoes | 3.21 B/. (€2.65) | €1.54 | + 72% | |
| 500 gr (16 oz.) of local cheese | 5.52 B/. (€4.56) | €4.69 | - 3% | |
| 1 kg (2 lb.) of apples | 2.65 B/. (€2.18) | €1.50 | + 45% | |
| 1 kg (2 lb.) of potatoes | 5.40 B/. (€4.46) | €0.98 | + 357% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 0.76 B/. (€0.63) | €1.30 | - 52% | |
| 1 bottle of red table wine, good quality | 7 B/. (€5.78) | €10 | - 44% | |
| 2 liters of coca-cola | 2.24 B/. (€1.85) | €2.01 | - 8% | |
| Bread for 2 people for 1 day | 1.75 B/. (€1.45) | €0.62 | + 133% | |
| Housing | + 59% | |||
| Housing in Colón (Panama) is 59% more expensive than in Thessaloniki (Greece) | ||||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 1,388 B/. (€1,145) | €592 | + 94% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 645 B/. (€532) | €430 | + 24% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 348 B/. (€287) | €121 | + 138% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 1,025 B/. (€846) | €424 | + 100% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 536 B/. (€442) | €315 | + 40% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 119 B/. (€98) | €82 | + 20% | |
| Internet 8 mbps (1 month) | 33 B/. (€27) | €20 | + 35% | |
| 40” flat screen tv | 340 B/. (€281) | €379 | - 26% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 94 B/. (€78) | €111 | - 30% | |
| Laundry detergent (3 l. ~ 100 oz.) | 5.78 B/. (€4.77) | €9 | - 44% | |
| Hourly rate for cleaning help | 7 B/. (€5.78) | €6 | - 7% | |
| Clothes | + 10% | |||
| Clothes in Colón (Panama) is 10% more expensive than in Thessaloniki (Greece) | ||||
| 1 pair of jeans (levis 501 or similar) | 60 B/. (€50) | €78 | - 36% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 49 B/. (€41) | €22 | + 82% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 78 B/. (€64) | €80 | - 20% | |
| 1 pair of men’s leather business shoes | 81 B/. (€67) | €89 | - 25% | |
| Transportation | - 22% | |||
| Transportation in Colón (Panama) is 22% cheaper than in Thessaloniki (Greece) | ||||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 18,737 B/. (€15,461) | €20,726 | - 25% | |
| 1 liter (1/4 gallon) of gas | 0.80 B/. (€0.66) | €1.58 | - 58% | |
| Monthly ticket public transport | 37 B/. (€31) | €30 | + 2% | |
| Taxi trip on a business day, basic tariff, 8 km. (5 miles) | - | €21 | - | |
| Personal Care | + 57% | |||
| Personal Care in Colón (Panama) is 57% more expensive than in Thessaloniki (Greece) | ||||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 14 B/. (€12) | €3.14 | + 268% | |
| 1 box of antibiotics (12 doses) | 31 B/. (€26) | €9 | + 200% | |
| Short visit to private doctor (15 minutes) | 60 B/. (€50) | €31 | + 61% | |
| 1 box of 32 tampons (tampax, ob, ...) | 7 B/. (€5.78) | €3.64 | + 59% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 5.09 B/. (€4.20) | €4.30 | - 2% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 6.00 B/. (€4.95) | €3.74 | + 32% | |
| 4 rolls of toilet paper | 3.09 B/. (€2.55) | €1.84 | + 38% | |
| Tube of toothpaste | 1.41 B/. (€1.16) | €2.07 | - 44% | |
| Standard men's haircut in expat area of the city | 10 B/. (€8) | €9 | - 14% | |
| Entertainment | - 30% | |||
| Entertainment in Colón (Panama) is 30% cheaper than in Thessaloniki (Greece) | ||||
| Basic dinner out for two in neighborhood pub | 12 B/. (€10) | €26 | - 62% | |
| 2 tickets to the movies | 13 B/. (€11) | €15 | - 28% | |
| 2 tickets to the theater (best available seats) | - | €45 | - | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 51 B/. (€42) | €45 | - 6% | |
| 1 cocktail drink in downtown club | 7 B/. (€5.78) | €9 | - 34% | |
| Cappuccino in expat area of the city | 3.92 B/. (€3.24) | €3.80 | - 15% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 3.50 B/. (€2.89) | €3.87 | - 25% | |
| Ipad wi-fi 128gb | 465 B/. (€384) | €434 | - 12% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 0.25 B/. (€0.21) | €0.36 | - 43% | |
| 1 month of gym membership in business district | 37 B/. (€31) | €41 | - 26% | |
| 1 package of marlboro cigarettes | 4.53 B/. (€3.74) | €4.66 | - 20% | |
| TOTAL | + 4% | |||
This comparison is lacking data. It provides a decent comparison, but it is not yet reliable. It is based on 198 prices entered by 31 different people.
These prices were last updated on January 18, 2021.
Exchange rate:
0.825
EUR
/
PAB
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Cost of living in Colón (Panama) is about the same as in Thessaloniki (Greece)
For example, you would need at least €1,768 (2,143 B/.) in Colón to maintain the same standard of living that you can have with €1,700 in Thessaloniki.
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