Cost of Living Comparison Between Colombia and Panama 
| Indices Difference |  |
|---|---|
| Cost of Living in Panama is 66.1% higher than in Colombia (without rent) | |
| Cost of Living Including Rent in Panama is 81.7% higher than in Colombia | |
| Rent Prices in Panama are 143.3% higher than in Colombia | |
| Restaurant Prices in Panama are 88.0% higher than in Colombia | |
| Groceries Prices in Panama are 72.6% higher than in Colombia | |
| Local Purchasing Power in Panama is 24.1% higher than in Colombia | |
Restaurants | Colombia Edit |
Panama Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
20,000.00 Col$ (4.62 $) |
43,314.67 Col$ (10.00 $) |
+116.6 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
120,000.00 Col$ (27.70 $) |
240,396.40 Col$ (55.50 $) |
+100.3 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
29,000.00 Col$ (6.70 $) |
34,651.73 Col$ (8.00 $) |
+19.5 % |
| Domestic Beer (1 pint draught) |
5,000.00 Col$ (1.15 $) |
8,662.93 Col$ (2.00 $) |
+73.3 % |
| Imported Beer (12 oz small bottle) |
10,000.00 Col$ (2.31 $) |
15,643.45 Col$ (3.61 $) |
+56.4 % |
| Cappuccino (regular) |
6,270.40 Col$ (1.45 $) |
15,141.43 Col$ (3.50 $) |
+141.5 % |
| Coke/Pepsi (12 oz small bottle) |
3,515.77 Col$ (0.81 $) |
7,027.48 Col$ (1.62 $) |
+99.9 % |
| Water (12 oz small bottle) |
2,597.41 Col$ (0.60 $) |
5,542.06 Col$ (1.28 $) |
+113.4 % |
Markets | Colombia Edit |
Panama Edit | |
| Milk (regular), (1 gallon) |
17,927.37 Col$ (4.14 $) |
28,756.44 Col$ (6.64 $) |
+60.4 % |
| Loaf of Fresh White Bread (1 lb) |
5,232.47 Col$ (1.21 $) |
9,306.11 Col$ (2.15 $) |
+77.9 % |
| Rice (white), (1 lb) |
2,276.21 Col$ (0.53 $) |
4,544.80 Col$ (1.05 $) |
+99.7 % |
| Eggs (regular) (12) |
8,748.81 Col$ (2.02 $) |
11,053.20 Col$ (2.55 $) |
+26.3 % |
| Local Cheese (1 lb) |
8,805.28 Col$ (2.03 $) |
23,145.63 Col$ (5.34 $) |
+162.9 % |
| Chicken Fillets (1 lb) |
9,599.42 Col$ (2.22 $) |
14,122.55 Col$ (3.26 $) |
+47.1 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
14,822.37 Col$ (3.42 $) |
17,850.35 Col$ (4.12 $) |
+20.4 % |
| Apples (1 lb) |
4,613.56 Col$ (1.07 $) |
7,029.00 Col$ (1.62 $) |
+52.4 % |
| Banana (1 lb) |
1,917.06 Col$ (0.44 $) |
2,853.79 Col$ (0.66 $) |
+48.9 % |
| Oranges (1 lb) |
2,435.44 Col$ (0.56 $) |
5,666.09 Col$ (1.31 $) |
+132.7 % |
| Tomato (1 lb) |
2,249.53 Col$ (0.52 $) |
5,986.46 Col$ (1.38 $) |
+166.1 % |
| Potato (1 lb) |
2,070.17 Col$ (0.48 $) |
4,240.80 Col$ (0.98 $) |
+104.9 % |
| Onion (1 lb) |
2,103.29 Col$ (0.49 $) |
4,416.23 Col$ (1.02 $) |
+110.0 % |
| Lettuce (1 head) |
3,254.23 Col$ (0.75 $) |
8,806.66 Col$ (2.03 $) |
+170.6 % |
| Water (1.5 liter bottle) |
3,195.49 Col$ (0.74 $) |
6,635.02 Col$ (1.53 $) |
+107.6 % |
| Bottle of Wine (Mid-Range) |
40,000.00 Col$ (9.23 $) |
38,983.20 Col$ (9.00 $) |
-2.5 % |
| Domestic Beer (0.5 liter bottle) |
4,269.94 Col$ (0.99 $) |
4,963.71 Col$ (1.15 $) |
+16.2 % |
| Imported Beer (12 oz small bottle) |
7,138.14 Col$ (1.65 $) |
8,535.27 Col$ (1.97 $) |
+19.6 % |
| Cigarettes 20 Pack (Marlboro) |
10,000.00 Col$ (2.31 $) |
23,823.07 Col$ (5.50 $) |
+138.2 % |
Transportation | Colombia Edit |
Panama Edit | |
| One-way Ticket (Local Transport) |
2,950.00 Col$ (0.68 $) |
2,165.73 Col$ (0.50 $) |
-26.6 % |
| Monthly Pass (Regular Price) |
156,800.00 Col$ (36.20 $) |
108,286.67 Col$ (25.00 $) |
-30.9 % |
| Taxi Start (Normal Tariff) |
6,000.00 Col$ (1.39 $) |
8,662.93 Col$ (2.00 $) |
+44.4 % |
| Taxi 1 mile (Normal Tariff) |
10,460.74 Col$ (2.42 $) |
13,941.64 Col$ (3.22 $) |
+33.3 % |
| Taxi 1hour Waiting (Normal Tariff) |
25,000.00 Col$ (5.77 $) |
86,629.33 Col$ (20.00 $) |
+246.5 % |
| Gasoline (1 gallon) |
14,249.16 Col$ (3.29 $) |
15,915.00 Col$ (3.67 $) |
+11.7 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
70,500,000.00 Col$ (16,276.24 $) |
85,546,465.88 Col$ (19,750.00 $) |
+21.3 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
107,934,386.30 Col$ (24,918.67 $) |
87,712,199.20 Col$ (20,250.00 $) |
-18.7 % |
Utilities (Monthly) | Colombia Edit |
Panama Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
338,847.22 Col$ (78.23 $) |
430,332.69 Col$ (99.35 $) |
+27.0 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
38,516.84 Col$ (8.89 $) |
128,211.41 Col$ (29.60 $) |
+232.9 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
97,781.48 Col$ (22.57 $) |
211,670.80 Col$ (48.87 $) |
+116.5 % |
Sports And Leisure | Colombia Edit |
Panama Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
92,742.68 Col$ (21.41 $) |
235,861.11 Col$ (54.45 $) |
+154.3 % |
| Tennis Court Rent (1 Hour on Weekend) |
41,227.45 Col$ (9.52 $) |
141,975.85 Col$ (32.78 $) |
+244.4 % |
| Cinema, International Release, 1 Seat |
18,000.00 Col$ (4.16 $) |
30,320.27 Col$ (7.00 $) |
+68.4 % |
Childcare | Colombia Edit |
Panama Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
960,820.41 Col$ (221.82 $) |
1,724,465.15 Col$ (398.12 $) |
+79.5 % |
| International Primary School, Yearly for 1 Child |
22,475,403.85 Col$ (5,188.87 $) |
36,035,636.60 Col$ (8,319.50 $) |
+60.3 % |
Clothing And Shoes | Colombia Edit |
Panama Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
224,376.74 Col$ (51.80 $) |
217,385.48 Col$ (50.19 $) |
-3.1 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
171,655.34 Col$ (39.63 $) |
160,625.22 Col$ (37.08 $) |
-6.4 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
356,468.94 Col$ (82.30 $) |
358,428.86 Col$ (82.75 $) |
+0.5 % |
| 1 Pair of Men Leather Business Shoes |
312,225.39 Col$ (72.08 $) |
409,684.55 Col$ (94.58 $) |
+31.2 % |
Rent Per Month | Colombia Edit |
Panama Edit | |
| Apartment (1 bedroom) in City Centre |
1,473,893.72 Col$ (340.28 $) |
3,522,324.60 Col$ (813.19 $) |
+139.0 % |
| Apartment (1 bedroom) Outside of Centre |
1,241,343.46 Col$ (286.59 $) |
2,600,192.54 Col$ (600.30 $) |
+109.5 % |
| Apartment (3 bedrooms) in City Centre |
2,672,229.31 Col$ (616.93 $) |
7,276,354.35 Col$ (1,679.88 $) |
+172.3 % |
| Apartment (3 bedrooms) Outside of Centre |
2,141,326.02 Col$ (494.37 $) |
4,921,442.25 Col$ (1,136.21 $) |
+129.8 % |
Buy Apartment Price | Colombia Edit |
Panama Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
556,705.32 Col$ (128.53 $) |
901,523.12 Col$ (208.13 $) |
+61.9 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
469,286.60 Col$ (108.34 $) |
643,844.91 Col$ (148.64 $) |
+37.2 % |
Salaries And Financing | Colombia Edit |
Panama Edit | |
| Average Monthly Net Salary (After Tax) |
1,529,746.90 Col$ (353.17 $) |
3,449,422.51 Col$ (796.36 $) |
+125.5 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 13.77 | 6.17 | -55.2 % |
| Last update: | October 2024 | October 2024 | |
| Contributors in the past 12 months: | 648 | 144 |
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