Colombia is 47.3% cheaper than Panama.

If you lived in Colombia instead of Panama, you would:

pay 53.8% less for restaurants

 
Panama
Colombia
Basic meal with drink at inexpensive restaurant $7.70
PAB7.70
$2.71
$10,522
Fast food combo meal
McDonalds, or similar
$7.45
PAB7.45
$5.26
$20,425
Bottle of Coca-Cola (11 fl. oz) $1.54
PAB1.54
$0.60
$2,337

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pay 54.6% less for groceries

 
Panama
Colombia
Bread
1 loaf
$1.94
PAB1.94
$0.87
$3,390
Local cheese (8 oz) $5.35
PAB5.35
$1.61
$6,254
Milk (1 gallon) $6.06
PAB6.06
$3.28
$12,726

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pay 30.4% less for transportation

 
Panama
Colombia
Gasoline (1 gallon) $4.07
PAB4.07
$2.04
$7,908
Monthly public transit pass $27.50
PAB27.50
$23.61
$91,738
New Volkswagen Golf 1.4 (standard edition) $20,583.33
PAB20,583.33
$14,617.95
$56,789,953

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pay 53.2% less for housing

 
Panama
Colombia
Internet connection
50 mbps or faster, cable/dsl
$49.92
PAB49.92
$21.37
$83,037
1-Bedroom apartment in downtown area $696.35
PAB696.35
$208.57
$810,280
1-Bedroom apartment outside city center $440.76
PAB440.76
$176.18
$684,461

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pay 52.8% less for childcare

 
Panama
Colombia
Private preschool for 1 child, monthly $228.54
PAB228.54
$104.33
$405,334
Middle school for 1 child, two semesters $6,185.93
PAB6,185.93
$3,004.13
$11,670,872

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pay 55.2% less for entertainment and sports

 
Panama
Colombia
Domestic/local beer (1 pint) $1.75
PAB1.75
$0.90
$3,480
Cappuccino in mid-range area $3.22
PAB3.22
$1.21
$4,684
Pack of cigarettes
Marlboro or similar
$5.43
PAB5.43
$1.90
$7,370

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pay 31.1% less for clothing

 
Panama
Colombia
Regular jeans
Levi's brand
$48.38
PAB48.38
$40.50
$157,331
Regular dress
from H&M or similar store
$38.88
PAB38.88
$27.32
$106,154
Running shoes
Nike or Adidas
$82.05
PAB82.05
$60.30
$234,248

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The statistics used to build this comparison are calculated using data from users just like you. We average the price of thousands of data points entered by users across the world. Learn more about our data sources. Page last updated: March 2024
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