Cost of living in Colón, Panama vs Verona, Italy
Currency:
| Food | - 5% | |||
|---|---|---|---|---|
| Food in Colón (Panama) is 5% cheaper than in Verona (Italy) | ||||
| Basic lunchtime menu (including a drink) in the business district | 14 B/. (€13) | €13 | - 2% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 8 B/. (€7) | €8 | - 13% | |
| 500 gr (1 lb.) of boneless chicken breast | 2.76 B/. (€2.54) | €4.32 | - 41% | |
| 1 liter (1 qt.) of whole fat milk | 1.78 B/. (€1.65) | €1.42 | + 16% | |
| 12 eggs, large | 3.24 B/. (€2.99) | €4.15 | - 28% | |
| 1 kg (2 lb.) of tomatoes | 3.21 B/. (€2.96) | €1.94 | + 53% | |
| 500 gr (16 oz.) of local cheese | 5.52 B/. (€5.10) | €5.62 | - 9% | |
| 1 kg (2 lb.) of apples | 2.65 B/. (€2.44) | €1.75 | + 40% | |
| 1 kg (2 lb.) of potatoes | 5.40 B/. (€4.99) | €1.56 | + 220% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 0.76 B/. (€0.71) | €1.58 | - 55% | |
| 1 bottle of red table wine, good quality | 7 B/. (€6) | €7 | - 13% | |
| 2 liters of coca-cola | 2.24 B/. (€2.07) | €2.26 | - 8% | |
| Bread for 2 people for 1 day | 1.17 B/. (€1.08) | €1.49 | - 27% | |
| Housing | + 20% | |||
| Housing in Colón (Panama) is 20% more expensive than in Verona (Italy) | ||||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 1,388 B/. (€1,282) | €1,114 | + 15% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 645 B/. (€595) | €675 | - 12% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 348 B/. (€321) | €191 | + 68% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 1,025 B/. (€947) | €638 | + 48% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 536 B/. (€495) | €484 | + 2% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 119 B/. (€110) | €100 | + 9% | |
| Internet 8 mbps (1 month) | 33 B/. (€30) | €24 | + 27% | |
| 40” flat screen tv | 340 B/. (€314) | €438 | - 28% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 94 B/. (€87) | €122 | - 29% | |
| Laundry detergent (3 l. ~ 100 oz.) | 7 B/. (€6) | €4.73 | + 37% | |
| Hourly rate for cleaning help | 7 B/. (€6) | €9 | - 30% | |
| Clothes | - 5% | |||
| Clothes in Colón (Panama) is 5% cheaper than in Verona (Italy) | ||||
| 1 pair of jeans (levis 501 or similar) | 60 B/. (€56) | €94 | - 41% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 49 B/. (€45) | €34 | + 33% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 77 B/. (€71) | €89 | - 20% | |
| 1 pair of men’s leather business shoes | 81 B/. (€75) | €127 | - 41% | |
| Transportation | - 15% | |||
| Transportation in Colón (Panama) is 15% cheaper than in Verona (Italy) | ||||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 18,737 B/. (€17,303) | €20,908 | - 17% | |
| 1 liter (1/4 gallon) of gas | 0.80 B/. (€0.74) | €1.52 | - 51% | |
| Monthly ticket public transport | 37 B/. (€34) | €33 | + 4% | |
| Taxi trip on a business day, basic tariff, 8 km. (5 miles) | - | €20 | - | |
| Personal Care | + 18% | |||
| Personal Care in Colón (Panama) is 18% more expensive than in Verona (Italy) | ||||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 14 B/. (€13) | €8 | + 69% | |
| 1 box of antibiotics (12 doses) | 31 B/. (€29) | €8 | + 277% | |
| Short visit to private doctor (15 minutes) | 60 B/. (€55) | €99 | - 44% | |
| 1 box of 32 tampons (tampax, ob, ...) | 7 B/. (€6) | €5.09 | + 27% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 5.09 B/. (€4.70) | €3.61 | + 30% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 6.00 B/. (€5.54) | €3.88 | + 43% | |
| 4 rolls of toilet paper | 3.09 B/. (€2.85) | €1.61 | + 77% | |
| Tube of toothpaste | 1.41 B/. (€1.30) | €2.34 | - 45% | |
| Standard men's haircut in expat area of the city | 5.95 B/. (€5.50) | €19 | - 71% | |
| Entertainment | - 23% | |||
| Entertainment in Colón (Panama) is 23% cheaper than in Verona (Italy) | ||||
| Basic dinner out for two in neighborhood pub | 12 B/. (€11) | €41 | - 73% | |
| 2 tickets to the movies | 10 B/. (€9) | €16 | - 44% | |
| 2 tickets to the theater (best available seats) | - | €94 | - | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 51 B/. (€47) | €57 | - 17% | |
| 1 cocktail drink in downtown club | 7 B/. (€6) | €8 | - 14% | |
| Cappuccino in expat area of the city | 3.85 B/. (€3.56) | €1.41 | + 153% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 3.50 B/. (€3.23) | €4.40 | - 27% | |
| Ipad wi-fi 128gb | 465 B/. (€429) | €444 | - 3% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 0.25 B/. (€0.23) | €0.18 | + 29% | |
| 1 month of gym membership in business district | 37 B/. (€34) | €50 | - 31% | |
| 1 package of marlboro cigarettes | 4.53 B/. (€4.18) | €5.26 | - 20% | |
| TOTAL | - 3% | |||
This comparison is lacking data. It provides a decent comparison, but it is not yet reliable. It is based on 106 prices entered by 10 different people.
These prices were last updated on February 18, 2020.
Exchange rate:
0.923
EUR
/
PAB
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Cost of living in Colón (Panama) is about the same as in Verona (Italy)
For example, to keep the same standard of living that would require €3,600 in Verona you would need to make just about €3,503 (3,794 B/.) in Colón.
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