Cost of Living Comparison Between Colombia and Panama 
| Indices Difference |  |
|---|---|
| Cost of Living in Panama is 58.4% higher than in Colombia (excluding rent) | |
| Cost of Living Including Rent in Panama is 79.0% higher than in Colombia | |
| Rent Prices in Panama are 159.7% higher than in Colombia | |
| Restaurant Prices in Panama are 70.1% higher than in Colombia | |
| Groceries Prices in Panama are 67.7% higher than in Colombia | |
| Local Purchasing Power in Panama is 19.8% higher than in Colombia | |
Restaurants | Colombia Edit |
Panama Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
20,000.00 Col$ (4.78 $) |
41,817.10 Col$ (10.00 $) |
+109.1 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
120,000.00 Col$ (28.70 $) |
209,085.50 Col$ (50.00 $) |
+74.2 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
30,000.00 Col$ (7.17 $) |
31,321.01 Col$ (7.49 $) |
+4.4 % |
| Domestic Beer (1 pint draught) |
5,000.00 Col$ (1.20 $) |
8,363.42 Col$ (2.00 $) |
+67.3 % |
| Imported Beer (12 oz small bottle) |
10,000.00 Col$ (2.39 $) |
14,635.98 Col$ (3.50 $) |
+46.4 % |
| Cappuccino (regular) |
6,528.13 Col$ (1.56 $) |
14,522.48 Col$ (3.47 $) |
+122.5 % |
| Coke/Pepsi (12 oz small bottle) |
3,797.32 Col$ (0.91 $) |
6,180.57 Col$ (1.48 $) |
+62.8 % |
| Water (12 oz small bottle) |
2,612.20 Col$ (0.62 $) |
5,114.59 Col$ (1.22 $) |
+95.8 % |
Markets | Colombia Edit |
Panama Edit | |
| Milk (regular), (1 gallon) |
17,758.17 Col$ (4.25 $) |
28,655.12 Col$ (6.85 $) |
+61.4 % |
| Loaf of Fresh White Bread (1 lb) |
5,256.97 Col$ (1.26 $) |
9,254.80 Col$ (2.21 $) |
+76.0 % |
| Rice (white), (1 lb) |
2,208.12 Col$ (0.53 $) |
4,363.94 Col$ (1.04 $) |
+97.6 % |
| Eggs (regular) (12) |
8,923.57 Col$ (2.13 $) |
11,158.00 Col$ (2.67 $) |
+25.0 % |
| Local Cheese (1 lb) |
8,654.13 Col$ (2.07 $) |
22,200.21 Col$ (5.31 $) |
+156.5 % |
| Chicken Fillets (1 lb) |
9,799.03 Col$ (2.34 $) |
13,768.55 Col$ (3.29 $) |
+40.5 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
14,821.26 Col$ (3.54 $) |
17,051.65 Col$ (4.08 $) |
+15.0 % |
| Apples (1 lb) |
4,879.47 Col$ (1.17 $) |
7,660.52 Col$ (1.83 $) |
+57.0 % |
| Banana (1 lb) |
1,987.35 Col$ (0.48 $) |
2,509.80 Col$ (0.60 $) |
+26.3 % |
| Oranges (1 lb) |
2,500.25 Col$ (0.60 $) |
5,329.86 Col$ (1.27 $) |
+113.2 % |
| Tomato (1 lb) |
2,390.19 Col$ (0.57 $) |
5,562.30 Col$ (1.33 $) |
+132.7 % |
| Potato (1 lb) |
2,010.21 Col$ (0.48 $) |
3,984.40 Col$ (0.95 $) |
+98.2 % |
| Onion (1 lb) |
2,175.96 Col$ (0.52 $) |
4,377.45 Col$ (1.05 $) |
+101.2 % |
| Lettuce (1 head) |
3,345.84 Col$ (0.80 $) |
8,677.88 Col$ (2.08 $) |
+159.4 % |
| Water (1.5 liter bottle) |
3,095.08 Col$ (0.74 $) |
6,513.01 Col$ (1.56 $) |
+110.4 % |
| Bottle of Wine (Mid-Range) |
40,000.00 Col$ (9.57 $) |
41,817.10 Col$ (10.00 $) |
+4.5 % |
| Domestic Beer (0.5 liter bottle) |
4,561.65 Col$ (1.09 $) |
5,025.68 Col$ (1.20 $) |
+10.2 % |
| Imported Beer (12 oz small bottle) |
7,924.29 Col$ (1.89 $) |
8,977.47 Col$ (2.15 $) |
+13.3 % |
| Cigarettes 20 Pack (Marlboro) |
10,000.00 Col$ (2.39 $) |
24,776.63 Col$ (5.92 $) |
+147.8 % |
Transportation | Colombia Edit |
Panama Edit | |
| One-way Ticket (Local Transport) |
3,000.00 Col$ (0.72 $) |
2,299.94 Col$ (0.55 $) |
-23.3 % |
| Monthly Pass (Regular Price) |
160,000.00 Col$ (38.26 $) |
104,542.75 Col$ (25.00 $) |
-34.7 % |
| Taxi Start (Normal Tariff) |
6,300.00 Col$ (1.51 $) |
9,408.85 Col$ (2.25 $) |
+49.3 % |
| Taxi 1 mile (Normal Tariff) |
11,265.41 Col$ (2.69 $) |
13,459.62 Col$ (3.22 $) |
+19.5 % |
| Taxi 1hour Waiting (Normal Tariff) |
30,000.00 Col$ (7.17 $) |
87,815.91 Col$ (21.00 $) |
+192.7 % |
| Gasoline (1 gallon) |
15,189.58 Col$ (3.63 $) |
14,688.30 Col$ (3.51 $) |
-3.3 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
70,000,000.00 Col$ (16,739.56 $) |
83,634,198.24 Col$ (20,000.00 $) |
+19.5 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
108,463,172.87 Col$ (25,937.52 $) |
89,758,662.62 Col$ (21,464.58 $) |
-17.2 % |
Utilities (Monthly) | Colombia Edit |
Panama Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
345,949.38 Col$ (82.73 $) |
455,819.06 Col$ (109.00 $) |
+31.8 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
38,889.01 Col$ (9.30 $) |
123,218.48 Col$ (29.47 $) |
+216.8 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
97,563.16 Col$ (23.33 $) |
204,061.47 Col$ (48.80 $) |
+109.2 % |
Sports And Leisure | Colombia Edit |
Panama Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
95,107.08 Col$ (22.74 $) |
219,141.39 Col$ (52.40 $) |
+130.4 % |
| Tennis Court Rent (1 Hour on Weekend) |
49,243.13 Col$ (11.78 $) |
156,814.12 Col$ (37.50 $) |
+218.4 % |
| Cinema, International Release, 1 Seat |
18,000.00 Col$ (4.30 $) |
29,271.97 Col$ (7.00 $) |
+62.6 % |
Childcare | Colombia Edit |
Panama Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
1,046,051.16 Col$ (250.15 $) |
1,867,830.43 Col$ (446.67 $) |
+78.6 % |
| International Primary School, Yearly for 1 Child |
24,726,420.00 Col$ (5,912.99 $) |
43,594,325.83 Col$ (10,425.00 $) |
+76.3 % |
Clothing And Shoes | Colombia Edit |
Panama Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
227,514.49 Col$ (54.41 $) |
201,837.20 Col$ (48.27 $) |
-11.3 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
157,029.18 Col$ (37.55 $) |
172,093.45 Col$ (41.15 $) |
+9.6 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
365,519.48 Col$ (87.41 $) |
349,869.73 Col$ (83.67 $) |
-4.3 % |
| 1 Pair of Men Leather Business Shoes |
316,731.86 Col$ (75.74 $) |
461,888.87 Col$ (110.45 $) |
+45.8 % |
Rent Per Month | Colombia Edit |
Panama Edit | |
| Apartment (1 bedroom) in City Centre |
1,476,185.08 Col$ (353.01 $) |
3,849,073.90 Col$ (920.45 $) |
+160.7 % |
| Apartment (1 bedroom) Outside of Centre |
1,208,337.69 Col$ (288.96 $) |
2,921,429.06 Col$ (698.62 $) |
+141.8 % |
| Apartment (3 bedrooms) in City Centre |
2,753,107.30 Col$ (658.37 $) |
7,550,216.64 Col$ (1,805.53 $) |
+174.2 % |
| Apartment (3 bedrooms) Outside of Centre |
2,253,992.58 Col$ (539.01 $) |
5,653,350.13 Col$ (1,351.92 $) |
+150.8 % |
Buy Apartment Price | Colombia Edit |
Panama Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
591,956.32 Col$ (141.56 $) |
840,092.11 Col$ (200.90 $) |
+41.9 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
459,625.54 Col$ (109.91 $) |
600,339.08 Col$ (143.56 $) |
+30.6 % |
Salaries And Financing | Colombia Edit |
Panama Edit | |
| Average Monthly Net Salary (After Tax) |
1,611,169.70 Col$ (385.29 $) |
3,455,273.11 Col$ (826.28 $) |
+114.5 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 12.97 | 6.30 | -51.4 % |
| Last update: | April 2025 | March 2025 | |
| Contributors in the past 12 months: | 435 | 90 |
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