Cost of living comparison
Colombia is 26.2% cheaper than Panama.
If you lived in Colombia instead of Panama, you would:
pay 37.4% less for restaurants
Panama
|
Colombia
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$8.30
PAB8.30
|
$4.62
COP17,952.59
|
|
Fast food combo meal
McDonalds, or similar
|
$7.60
PAB7.60
|
$6.70
COP26,049.99
|
|
Bottle of Coca-Cola (11 fl. oz) |
$1.55
PAB1.55
|
$0.81
COP3,131.74
|
|
Bottle of water (11 fl. oz) |
$1.16
PAB1.16
|
$0.63
COP2,459.32
|
|
pay 39.0% less for groceries
Panama
|
Colombia
|
||
---|---|---|---|
Bread
1 loaf
|
$2.19
PAB2.19
|
$1.38
COP5,370.18
|
|
Local cheese (8 oz) |
$5.28
PAB5.28
|
$2.35
COP9,151.63
|
|
Milk (1 gallon) |
$6.34
PAB6.34
|
$4.16
COP16,160.60
|
|
Eggs
1 dozen
|
$2.42
PAB2.42
|
$2.15
COP8,364.22
|
|
Boneless chicken breast (1 lb) |
$3.15
PAB3.15
|
$2.31
COP8,982.33
|
|
Apples (1 lb) |
$1.87
PAB1.87
|
$1.13
COP4,386.36
|
|
Bananas (1 lb) |
$0.56
PAB0.56
|
$0.46
COP1,796.91
|
|
Oranges (1 lb) |
$1.31
PAB1.31
|
$0.57
COP2,217.68
|
|
Tomatoes (1 lb) |
$1.32
PAB1.32
|
$0.54
COP2,093.86
|
|
Potatoes (1 lb) |
$0.96
PAB0.96
|
$0.54
COP2,101.02
|
|
Onions (1 lb) |
$0.95
PAB0.95
|
$0.49
COP1,910.76
|
|
pay 8.7% more for transportation
Panama
|
Colombia
|
||
---|---|---|---|
Gasoline (1 gallon) |
$3.90
PAB3.90
|
$3.34
COP12,968.12
|
|
Monthly public transit pass |
$23.33
PAB23.33
|
$35.05
COP136,211.42
|
|
New Volkswagen Golf 1.4 (standard edition) |
$21,000.00
PAB21,000.00
|
$19,262.76
COP74,867,369.28
|
|
Taxi trip in downtown area (5 miles) |
$14.78
PAB14.78
|
$15.84
COP61,573.26
|
|
pay 38.0% less for housing
Panama
|
Colombia
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$46.90
PAB46.90
|
$24.33
COP94,575.22
|
|
1-Bedroom apartment in downtown area |
$697.93
PAB697.93
|
$281.86
COP1,095,506.37
|
|
1-Bedroom apartment outside city center |
$496.06
PAB496.06
|
$220.38
COP856,529.92
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$65.23
PAB65.23
|
$72.51
COP281,831.83
|
|
pay 36.4% less for childcare
Panama
|
Colombia
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$327.08
PAB327.08
|
$184.82
COP718,331.02
|
|
Middle school for 1 child, two semesters |
$6,443.94
PAB6,443.94
|
$4,560.16
COP17,723,704.44
|
|
pay 49.5% less for entertainment and sports
Panama
|
Colombia
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$1.85
PAB1.85
|
$1.16
COP4,520.45
|
|
Cappuccino in mid-range area |
$3.35
PAB3.35
|
$1.50
COP5,839.62
|
|
Pack of cigarettes
Marlboro or similar
|
$6.70
PAB6.70
|
$2.30
COP8,951.16
|
|
Monthly membership at local gym |
$58.09
PAB58.09
|
$23.55
COP91,541.45
|
|
Movie ticket to theater/cinema |
$5.75
PAB5.75
|
$4.00
COP15,556.38
|
|
pay 8.3% more for clothing
Panama
|
Colombia
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$43.92
PAB43.92
|
$55.27
COP214,809.92
|
|
Regular dress
from H&M or similar store
|
$40.61
PAB40.61
|
$38.92
COP151,275.21
|
|
Running shoes
Nike or Adidas
|
$66.54
PAB66.54
|
$80.53
COP313,006.18
|
|
Men's business shoes (leather) |
$78.30
PAB78.30
|
$70.84
COP275,335.15
|
|
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