Cost of living comparison
Bogota is 43.3% cheaper than Panama City.
If you lived in Bogota instead of Panama City, you would:
pay 53.8% less for restaurants
Panama City
|
Bogota
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$10.00
PAB10.00
|
$3.30
$12,925
|
|
Fast food combo meal
McDonalds, or similar
|
$7.00
PAB7.00
|
$5.50
$21,542
|
|
Bottle of Coca-Cola (11 fl. oz) |
$1.73
PAB1.73
|
$0.64
$2,490
|
|
Bottle of water (11 fl. oz) |
$1.34
PAB1.34
|
$0.49
$1,915
|
|
pay 47.5% less for groceries
Panama City
|
Bogota
|
||
---|---|---|---|
Bread
1 loaf
|
$2.36
PAB2.36
|
$1.12
$4,398
|
|
Local cheese (8 oz) |
$4.56
PAB4.56
|
$2.42
$9,505
|
|
Milk (1 gallon) |
$6.17
PAB6.17
|
$3.66
$14,335
|
|
Eggs
1 dozen
|
$2.20
PAB2.20
|
$1.75
$6,868
|
|
Boneless chicken breast (1 lb) |
$3.23
PAB3.23
|
$1.79
$7,025
|
|
Apples (1 lb) |
$1.43
PAB1.43
|
$0.97
$3,811
|
|
Bananas (1 lb) |
$0.60
PAB0.60
|
$0.38
$1,470
|
|
Oranges (1 lb) |
$1.36
PAB1.36
|
$0.48
$1,890
|
|
Tomatoes (1 lb) |
$1.53
PAB1.53
|
$0.50
$1,977
|
|
Potatoes (1 lb) |
$0.89
PAB0.89
|
$0.40
$1,565
|
|
Onions (1 lb) |
$0.94
PAB0.94
|
$0.36
$1,404
|
|
pay 23.0% less for transportation
Panama City
|
Bogota
|
||
---|---|---|---|
Gasoline (1 gallon) |
$4.18
PAB4.18
|
$2.09
$8,198
|
|
Monthly public transit pass |
$25.00
PAB25.00
|
$31.00
$121,499
|
|
New Volkswagen Golf 1.4 (standard edition) |
$22,250.00
PAB22,250.00
|
$13,189.68
$51,701,861
|
|
Taxi trip in downtown area (5 miles) |
$16.80
PAB16.80
|
$12.53
$49,117
|
|
pay 52.2% less for housing
Panama City
|
Bogota
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$50.20
PAB50.20
|
$19.84
$77,752
|
|
1-Bedroom apartment in downtown area |
$900.91
PAB900.91
|
$340.12
$1,333,218
|
|
1-Bedroom apartment outside city center |
$515.48
PAB515.48
|
$253.13
$992,220
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$82.33
PAB82.33
|
$53.15
$208,323
|
|
pay 50.0% less for childcare
Panama City
|
Bogota
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$420.62
PAB420.62
|
$189.88
$744,302
|
|
Middle school for 1 child, two semesters |
$9,343.71
PAB9,343.71
|
$5,125.13
$20,089,866
|
|
pay 57.1% less for entertainment and sports
Panama City
|
Bogota
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$2.50
PAB2.50
|
$0.99
$3,878
|
|
Cappuccino in mid-range area |
$3.51
PAB3.51
|
$1.20
$4,716
|
|
Pack of cigarettes
Marlboro or similar
|
$5.78
PAB5.78
|
$1.87
$7,324
|
|
Monthly membership at local gym |
$42.79
PAB42.79
|
$18.64
$73,052
|
|
Movie ticket to theater/cinema |
$6.00
PAB6.00
|
$3.89
$15,252
|
|
pay 19.5% less for clothing
Panama City
|
Bogota
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$53.50
PAB53.50
|
$46.54
$182,436
|
|
Regular dress
from H&M or similar store
|
$41.33
PAB41.33
|
$29.24
$114,622
|
|
Running shoes
Nike or Adidas
|
$74.88
PAB74.88
|
$72.21
$283,055
|
|
Men's business shoes (leather) |
$90.67
PAB90.67
|
$61.46
$240,906
|
|
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