Cost of Living Comparison Between Panama and Colombia 
| Indices Difference |  |
|---|---|
| Cost of Living in Colombia is 36.9% lower than in Panama (excluding rent) | |
| Cost of Living Including Rent in Colombia is 44.1% lower than in Panama | |
| Rent Prices in Colombia are 61.5% lower than in Panama | |
| Restaurant Prices in Colombia are 41.2% lower than in Panama | |
| Groceries Prices in Colombia are 40.4% lower than in Panama | |
| Local Purchasing Power in Colombia is 16.5% lower than in Panama | |
Restaurants | Panama Edit |
Colombia Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
10.00 $ (41,817.10 Col$) |
4.78 $ (20,000.00 Col$) |
-52.2 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
50.00 $ (209,085.50 Col$) |
28.70 $ (120,000.00 Col$) |
-42.6 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
7.49 $ (31,321.01 Col$) |
7.17 $ (30,000.00 Col$) |
-4.2 % |
| Domestic Beer (1 pint draught) |
2.00 $ (8,363.42 Col$) |
1.20 $ (5,000.00 Col$) |
-40.2 % |
| Imported Beer (12 oz small bottle) |
3.50 $ (14,635.98 Col$) |
2.39 $ (10,000.00 Col$) |
-31.7 % |
| Cappuccino (regular) |
3.47 $ (14,522.48 Col$) |
1.56 $ (6,528.13 Col$) |
-55.0 % |
| Coke/Pepsi (12 oz small bottle) |
1.48 $ (6,180.57 Col$) |
0.91 $ (3,797.32 Col$) |
-38.6 % |
| Water (12 oz small bottle) |
1.22 $ (5,114.59 Col$) |
0.62 $ (2,612.20 Col$) |
-48.9 % |
Markets | Panama Edit |
Colombia Edit | |
| Milk (regular), (1 gallon) |
6.85 $ (28,655.12 Col$) |
4.25 $ (17,758.17 Col$) |
-38.0 % |
| Loaf of Fresh White Bread (1 lb) |
2.21 $ (9,254.80 Col$) |
1.26 $ (5,256.94 Col$) |
-43.2 % |
| Rice (white), (1 lb) |
1.04 $ (4,363.94 Col$) |
0.53 $ (2,208.12 Col$) |
-49.4 % |
| Eggs (regular) (12) |
2.67 $ (11,158.00 Col$) |
2.13 $ (8,923.54 Col$) |
-20.0 % |
| Local Cheese (1 lb) |
5.31 $ (22,200.21 Col$) |
2.07 $ (8,654.13 Col$) |
-61.0 % |
| Chicken Fillets (1 lb) |
3.29 $ (13,768.55 Col$) |
2.34 $ (9,798.99 Col$) |
-28.8 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
4.08 $ (17,051.65 Col$) |
3.54 $ (14,821.17 Col$) |
-13.1 % |
| Apples (1 lb) |
1.83 $ (7,660.52 Col$) |
1.17 $ (4,879.44 Col$) |
-36.3 % |
| Banana (1 lb) |
0.60 $ (2,509.80 Col$) |
0.48 $ (1,987.33 Col$) |
-20.8 % |
| Oranges (1 lb) |
1.27 $ (5,329.86 Col$) |
0.60 $ (2,500.24 Col$) |
-53.1 % |
| Tomato (1 lb) |
1.33 $ (5,562.30 Col$) |
0.57 $ (2,390.19 Col$) |
-57.0 % |
| Potato (1 lb) |
0.95 $ (3,984.40 Col$) |
0.48 $ (2,010.21 Col$) |
-49.5 % |
| Onion (1 lb) |
1.05 $ (4,377.45 Col$) |
0.52 $ (2,175.95 Col$) |
-50.3 % |
| Lettuce (1 head) |
2.08 $ (8,677.88 Col$) |
0.80 $ (3,345.82 Col$) |
-61.4 % |
| Water (1.5 liter bottle) |
1.56 $ (6,513.01 Col$) |
0.74 $ (3,095.06 Col$) |
-52.5 % |
| Bottle of Wine (Mid-Range) |
10.00 $ (41,817.10 Col$) |
9.57 $ (40,000.00 Col$) |
-4.3 % |
| Domestic Beer (0.5 liter bottle) |
1.20 $ (5,025.68 Col$) |
1.09 $ (4,561.63 Col$) |
-9.2 % |
| Imported Beer (12 oz small bottle) |
2.15 $ (8,977.47 Col$) |
1.89 $ (7,924.24 Col$) |
-11.7 % |
| Cigarettes 20 Pack (Marlboro) |
5.92 $ (24,776.63 Col$) |
2.39 $ (10,000.00 Col$) |
-59.6 % |
Transportation | Panama Edit |
Colombia Edit | |
| One-way Ticket (Local Transport) |
0.55 $ (2,299.94 Col$) |
0.72 $ (3,000.00 Col$) |
+30.4 % |
| Monthly Pass (Regular Price) |
25.00 $ (104,542.75 Col$) |
38.26 $ (160,000.00 Col$) |
+53.0 % |
| Taxi Start (Normal Tariff) |
2.25 $ (9,408.85 Col$) |
1.51 $ (6,300.00 Col$) |
-33.0 % |
| Taxi 1 mile (Normal Tariff) |
3.22 $ (13,459.62 Col$) |
2.69 $ (11,265.41 Col$) |
-16.3 % |
| Taxi 1hour Waiting (Normal Tariff) |
21.00 $ (87,815.91 Col$) |
7.17 $ (30,000.00 Col$) |
-65.8 % |
| Gasoline (1 gallon) |
3.51 $ (14,688.30 Col$) |
3.63 $ (15,189.58 Col$) |
+3.4 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
20,000.00 $ (83,634,198.24 Col$) |
16,739.56 $ (70,000,000.00 Col$) |
-16.3 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
21,464.58 $ (89,758,662.62 Col$) |
25,937.52 $ (108,463,172.87 Col$) |
+20.8 % |
Utilities (Monthly) | Panama Edit |
Colombia Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
109.00 $ (455,819.06 Col$) |
82.73 $ (345,949.38 Col$) |
-24.1 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
29.47 $ (123,218.48 Col$) |
9.30 $ (38,889.01 Col$) |
-68.4 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
48.80 $ (204,061.47 Col$) |
23.33 $ (97,563.16 Col$) |
-52.2 % |
Sports And Leisure | Panama Edit |
Colombia Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
52.40 $ (219,141.39 Col$) |
22.74 $ (95,107.08 Col$) |
-56.6 % |
| Tennis Court Rent (1 Hour on Weekend) |
37.50 $ (156,814.12 Col$) |
11.78 $ (49,243.13 Col$) |
-68.6 % |
| Cinema, International Release, 1 Seat |
7.00 $ (29,271.97 Col$) |
4.30 $ (18,000.00 Col$) |
-38.5 % |
Childcare | Panama Edit |
Colombia Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
446.67 $ (1,867,830.43 Col$) |
250.15 $ (1,046,051.16 Col$) |
-44.0 % |
| International Primary School, Yearly for 1 Child |
10,425.00 $ (43,594,325.83 Col$) |
5,912.99 $ (24,726,420.00 Col$) |
-43.3 % |
Clothing And Shoes | Panama Edit |
Colombia Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
48.27 $ (201,837.20 Col$) |
54.41 $ (227,514.49 Col$) |
+12.7 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
41.15 $ (172,093.45 Col$) |
37.55 $ (157,029.18 Col$) |
-8.8 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
83.67 $ (349,869.73 Col$) |
87.41 $ (365,519.48 Col$) |
+4.5 % |
| 1 Pair of Men Leather Business Shoes |
110.45 $ (461,888.87 Col$) |
75.74 $ (316,731.86 Col$) |
-31.4 % |
Rent Per Month | Panama Edit |
Colombia Edit | |
| Apartment (1 bedroom) in City Centre |
920.45 $ (3,849,073.90 Col$) |
353.01 $ (1,476,186.41 Col$) |
-61.6 % |
| Apartment (1 bedroom) Outside of Centre |
698.62 $ (2,921,429.06 Col$) |
288.96 $ (1,208,344.22 Col$) |
-58.6 % |
| Apartment (3 bedrooms) in City Centre |
1,805.53 $ (7,550,216.64 Col$) |
658.37 $ (2,753,118.88 Col$) |
-63.5 % |
| Apartment (3 bedrooms) Outside of Centre |
1,351.92 $ (5,653,350.13 Col$) |
539.02 $ (2,254,004.79 Col$) |
-60.1 % |
Buy Apartment Price | Panama Edit |
Colombia Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
200.90 $ (840,092.11 Col$) |
141.56 $ (591,956.32 Col$) |
-29.5 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
143.56 $ (600,339.08 Col$) |
109.91 $ (459,625.54 Col$) |
-23.4 % |
Salaries And Financing | Panama Edit |
Colombia Edit | |
| Average Monthly Net Salary (After Tax) |
826.28 $ (3,455,273.11 Col$) |
385.29 $ (1,611,169.70 Col$) |
-53.4 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.30 | 12.97 | +105.9 % |
| Last update: | March 2025 | April 2025 | |
| Contributors in the past 12 months: | 90 | 435 |
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