Cost of living in Colón, Panama vs Verona, Italy
Currency:
| Food | - 6% | |||
|---|---|---|---|---|
| Food in Colón (Panama) is 6% cheaper than in Verona (Italy) | ||||
| Basic lunchtime menu (including a drink) in the business district | 14 B/. (€12) | €13 | - 9% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 8 B/. (€6) | €8 | - 22% | |
| 500 gr (1 lb.) of boneless chicken breast | 2.76 B/. (€2.28) | €4.33 | - 47% | |
| 1 liter (1 qt.) of whole fat milk | 1.78 B/. (€1.48) | €1.37 | + 8% | |
| 12 eggs, large | 3.24 B/. (€2.69) | €4.20 | - 36% | |
| 1 kg (2 lb.) of tomatoes | 3.21 B/. (€2.66) | €1.87 | + 42% | |
| 500 gr (16 oz.) of local cheese | 5.52 B/. (€4.58) | €5.74 | - 20% | |
| 1 kg (2 lb.) of apples | 2.65 B/. (€2.19) | €1.70 | + 29% | |
| 1 kg (2 lb.) of potatoes | 5.40 B/. (€4.48) | €1.39 | + 222% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 0.76 B/. (€0.63) | €1.38 | - 54% | |
| 1 bottle of red table wine, good quality | 7 B/. (€5.80) | €7 | - 12% | |
| 2 liters of coca-cola | 2.24 B/. (€1.86) | €2.27 | - 18% | |
| Bread for 2 people for 1 day | 1.75 B/. (€1.45) | €1.03 | + 41% | |
| Housing | + 13% | |||
| Housing in Colón (Panama) is 13% more expensive than in Verona (Italy) | ||||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 1,388 B/. (€1,150) | €965 | + 19% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 645 B/. (€534) | €672 | - 21% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 348 B/. (€288) | €178 | + 61% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 1,025 B/. (€850) | €630 | + 35% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 536 B/. (€444) | €483 | - 8% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 119 B/. (€99) | €100 | - 2% | |
| Internet 8 mbps (1 month) | 33 B/. (€27) | €24 | + 13% | |
| 40” flat screen tv | 340 B/. (€282) | €431 | - 35% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 94 B/. (€78) | €122 | - 36% | |
| Laundry detergent (3 l. ~ 100 oz.) | 5.78 B/. (€4.79) | €4.99 | - 4% | |
| Hourly rate for cleaning help | 7 B/. (€5.80) | €9 | - 36% | |
| Clothes | - 17% | |||
| Clothes in Colón (Panama) is 17% cheaper than in Verona (Italy) | ||||
| 1 pair of jeans (levis 501 or similar) | 60 B/. (€50) | €94 | - 46% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 49 B/. (€41) | €35 | + 18% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 78 B/. (€64) | €91 | - 30% | |
| 1 pair of men’s leather business shoes | 81 B/. (€67) | €130 | - 48% | |
| Transportation | - 24% | |||
| Transportation in Colón (Panama) is 24% cheaper than in Verona (Italy) | ||||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 18,737 B/. (€15,525) | €20,723 | - 25% | |
| 1 liter (1/4 gallon) of gas | 0.80 B/. (€0.66) | €1.45 | - 54% | |
| Monthly ticket public transport | 37 B/. (€31) | €34 | - 11% | |
| Taxi trip on a business day, basic tariff, 8 km. (5 miles) | - | €20 | - | |
| Personal Care | + 10% | |||
| Personal Care in Colón (Panama) is 10% more expensive than in Verona (Italy) | ||||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 14 B/. (€12) | €8 | + 52% | |
| 1 box of antibiotics (12 doses) | 31 B/. (€26) | €8 | + 238% | |
| Short visit to private doctor (15 minutes) | 60 B/. (€50) | €99 | - 50% | |
| 1 box of 32 tampons (tampax, ob, ...) | 7 B/. (€5.80) | €5.45 | + 6% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 5.09 B/. (€4.22) | €3.61 | + 17% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 6.00 B/. (€4.97) | €3.88 | + 28% | |
| 4 rolls of toilet paper | 3.09 B/. (€2.56) | €1.61 | + 59% | |
| Tube of toothpaste | 1.41 B/. (€1.16) | €2.34 | - 50% | |
| Standard men's haircut in expat area of the city | 10 B/. (€8) | €19 | - 57% | |
| Entertainment | - 30% | |||
| Entertainment in Colón (Panama) is 30% cheaper than in Verona (Italy) | ||||
| Basic dinner out for two in neighborhood pub | 12 B/. (€10) | €39 | - 75% | |
| 2 tickets to the movies | 13 B/. (€11) | €16 | - 35% | |
| 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/. (€42) | €58 | - 27% | |
| 1 cocktail drink in downtown club | 7 B/. (€5.80) | €7 | - 20% | |
| Cappuccino in expat area of the city | 3.92 B/. (€3.25) | €1.45 | + 123% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 3.50 B/. (€2.90) | €4.61 | - 37% | |
| Ipad wi-fi 128gb | 465 B/. (€385) | €447 | - 14% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 0.25 B/. (€0.21) | €0.18 | + 16% | |
| 1 month of gym membership in business district | 37 B/. (€31) | €48 | - 37% | |
| 1 package of marlboro cigarettes | 4.53 B/. (€3.75) | €5.29 | - 29% | |
| TOTAL | - 9% | |||
This comparison is lacking data. It provides a decent comparison, but it is not yet reliable. It is based on 105 prices entered by 14 different people.
These prices were last updated on February 27, 2021.
Exchange rate:
0.829
EUR
/
PAB
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Cost of living in Colón (Panama) is 9% cheaper than in Verona (Italy)
For example, to keep the same standard of living that would require €3,000 in Verona you would need to make just about €2,740 (3,306 B/.) in Colón.
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