Cost of living comparison
Panama City is 52.6% more expensive than Bogota.
If you lived in Panama City instead of Bogota, you would:
pay 84.7% more for restaurants
Bogota
|
Panama City
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$5.23
COP20,312.53
|
$12.00
PAB12.00
|
|
Fast food combo meal
McDonalds, or similar
|
$7.84
COP30,468.79
|
$8.25
PAB8.25
|
|
Bottle of Coca-Cola (11 fl. oz) |
$0.88
COP3,402.49
|
$1.76
PAB1.76
|
|
Bottle of water (11 fl. oz) |
$0.66
COP2,549.74
|
$1.33
PAB1.33
|
|
pay 64.4% more for groceries
Bogota
|
Panama City
|
||
---|---|---|---|
Bread
1 loaf
|
$1.45
COP5,642.37
|
$2.40
PAB2.40
|
|
Local cheese (8 oz) |
$2.33
COP9,063.34
|
$5.44
PAB5.44
|
|
Milk (1 gallon) |
$5.25
COP20,417.76
|
$6.66
PAB6.66
|
|
Eggs
1 dozen
|
$2.41
COP9,368.04
|
$2.54
PAB2.54
|
|
Boneless chicken breast (1 lb) |
$2.51
COP9,744.40
|
$3.39
PAB3.39
|
|
Apples (1 lb) |
$1.20
COP4,667.77
|
$1.40
PAB1.40
|
|
Bananas (1 lb) |
$0.56
COP2,189.58
|
$0.62
PAB0.62
|
|
Oranges (1 lb) |
$0.60
COP2,341.28
|
$1.30
PAB1.30
|
|
Tomatoes (1 lb) |
$0.66
COP2,561.04
|
$1.41
PAB1.41
|
|
Potatoes (1 lb) |
$0.48
COP1,879.10
|
$0.94
PAB0.94
|
|
Onions (1 lb) |
$0.51
COP1,966.27
|
$0.97
PAB0.97
|
|
pay 2.5% less for transportation
Bogota
|
Panama City
|
||
---|---|---|---|
Gasoline (1 gallon) |
$3.81
COP14,818.25
|
$3.69
PAB3.69
|
|
Monthly public transit pass |
$39.20
COP152,343.95
|
$25.00
PAB25.00
|
|
New Volkswagen Golf 1.4 (standard edition) |
$16,985.30
COP66,015,713.34
|
$22,250.00
PAB22,250.00
|
|
Taxi trip in downtown area (5 miles) |
$14.23
COP55,311.01
|
$14.00
PAB14.00
|
|
pay 70.2% more for housing
Bogota
|
Panama City
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$27.89
COP108,409.06
|
$51.82
PAB51.82
|
|
1-Bedroom apartment in downtown area |
$462.40
COP1,797,190.98
|
$925.91
PAB925.91
|
|
1-Bedroom apartment outside city center |
$318.00
COP1,235,970.07
|
$598.61
PAB598.61
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$80.89
COP314,394.20
|
$86.14
PAB86.14
|
|
pay 52.6% more for childcare
Bogota
|
Panama City
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$232.36
COP903,087.15
|
$408.12
PAB408.12
|
|
Middle school for 1 child, two semesters |
$7,463.73
COP29,008,827.88
|
$9,675.75
PAB9,675.75
|
|
pay 98.5% more for entertainment and sports
Bogota
|
Panama City
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$1.18
COP4,570.32
|
$2.50
PAB2.50
|
|
Cappuccino in mid-range area |
$1.63
COP6,335.79
|
$3.70
PAB3.70
|
|
Pack of cigarettes
Marlboro or similar
|
$2.35
COP9,140.64
|
$5.75
PAB5.75
|
|
Monthly membership at local gym |
$23.52
COP91,419.91
|
$40.93
PAB40.93
|
|
Movie ticket to theater/cinema |
$5.23
COP20,312.53
|
$7.00
PAB7.00
|
|
pay 0.1% more for clothing
Bogota
|
Panama City
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$56.58
COP219,910.65
|
$53.94
PAB53.94
|
|
Regular dress
from H&M or similar store
|
$44.12
COP171,471.75
|
$40.79
PAB40.79
|
|
Running shoes
Nike or Adidas
|
$89.61
COP348,272.10
|
$82.58
PAB82.58
|
|
Men's business shoes (leather) |
$77.11
COP299,685.49
|
$92.86
PAB92.86
|
|
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