Cost of Living Comparison Between Panama City and Bogota 
| Indices Difference |  |
|---|---|
| Cost of Living in Bogota is 35.7% lower than in Panama City (without rent) | |
| Cost of Living Including Rent in Bogota is 41.9% lower than in Panama City | |
| Rent Prices in Bogota are 55.5% lower than in Panama City | |
| Restaurant Prices in Bogota are 49.8% lower than in Panama City | |
| Groceries Prices in Bogota are 36.9% lower than in Panama City | |
| Local Purchasing Power in Bogota is 29.1% lower than in Panama City | |
Restaurants | Panama City Edit |
Bogota Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
11.75 $ (46,688.89 Col$) |
4.78 $ (19,000.00 Col$) |
-59.3 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
60.00 $ (238,411.33 Col$) |
30.20 $ (120,000.00 Col$) |
-49.7 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
8.00 $ (31,788.18 Col$) |
7.55 $ (30,000.00 Col$) |
-5.6 % |
| Domestic Beer (1 pint draught) |
3.00 $ (11,920.57 Col$) |
1.26 $ (5,000.00 Col$) |
-58.1 % |
| Imported Beer (12 oz small bottle) |
4.00 $ (15,894.09 Col$) |
2.52 $ (10,000.00 Col$) |
-37.1 % |
| Cappuccino (regular) |
3.68 $ (14,642.14 Col$) |
1.57 $ (6,244.02 Col$) |
-57.4 % |
| Coke/Pepsi (12 oz small bottle) |
1.77 $ (7,019.70 Col$) |
0.84 $ (3,349.93 Col$) |
-52.3 % |
| Water (12 oz small bottle) |
1.33 $ (5,275.42 Col$) |
0.61 $ (2,409.96 Col$) |
-54.3 % |
Markets | Panama City Edit |
Bogota Edit | |
| Milk (regular), (1 gallon) |
6.75 $ (26,802.38 Col$) |
5.09 $ (20,235.73 Col$) |
-24.5 % |
| Loaf of Fresh White Bread (1 lb) |
2.26 $ (8,977.97 Col$) |
1.29 $ (5,122.88 Col$) |
-42.9 % |
| Rice (white), (1 lb) |
0.97 $ (3,852.55 Col$) |
0.60 $ (2,382.50 Col$) |
-38.2 % |
| Eggs (regular) (12) |
2.62 $ (10,402.68 Col$) |
2.34 $ (9,315.00 Col$) |
-10.5 % |
| Local Cheese (1 lb) |
5.27 $ (20,925.10 Col$) |
2.08 $ (8,255.30 Col$) |
-60.5 % |
| Chicken Fillets (1 lb) |
3.46 $ (13,731.42 Col$) |
2.42 $ (9,601.24 Col$) |
-30.1 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
4.22 $ (16,782.99 Col$) |
3.56 $ (14,163.34 Col$) |
-15.6 % |
| Apples (1 lb) |
1.38 $ (5,498.72 Col$) |
1.21 $ (4,788.46 Col$) |
-12.9 % |
| Banana (1 lb) |
0.68 $ (2,690.84 Col$) |
0.56 $ (2,243.70 Col$) |
-16.6 % |
| Oranges (1 lb) |
1.24 $ (4,912.68 Col$) |
0.58 $ (2,309.16 Col$) |
-53.0 % |
| Tomato (1 lb) |
1.39 $ (5,541.87 Col$) |
0.62 $ (2,478.98 Col$) |
-55.3 % |
| Potato (1 lb) |
0.94 $ (3,751.52 Col$) |
0.48 $ (1,920.82 Col$) |
-48.8 % |
| Onion (1 lb) |
0.99 $ (3,927.82 Col$) |
0.49 $ (1,936.02 Col$) |
-50.7 % |
| Lettuce (1 head) |
2.08 $ (8,245.06 Col$) |
0.82 $ (3,240.91 Col$) |
-60.7 % |
| Water (1.5 liter bottle) |
1.51 $ (6,009.95 Col$) |
0.75 $ (2,996.30 Col$) |
-50.1 % |
| Bottle of Wine (Mid-Range) |
9.00 $ (35,761.70 Col$) |
8.81 $ (35,000.00 Col$) |
-2.1 % |
| Domestic Beer (0.5 liter bottle) |
1.21 $ (4,794.03 Col$) |
1.04 $ (4,150.36 Col$) |
-13.4 % |
| Imported Beer (12 oz small bottle) |
1.95 $ (7,733.09 Col$) |
1.96 $ (7,804.35 Col$) |
+0.9 % |
| Cigarettes 20 Pack (Marlboro) |
5.88 $ (23,344.44 Col$) |
2.52 $ (10,000.00 Col$) |
-57.2 % |
Transportation | Panama City Edit |
Bogota Edit | |
| One-way Ticket (Local Transport) |
0.35 $ (1,390.73 Col$) |
0.75 $ (3,000.00 Col$) |
+115.7 % |
| Monthly Pass (Regular Price) |
25.00 $ (99,338.05 Col$) |
38.88 $ (154,500.00 Col$) |
+55.5 % |
| Taxi Start (Normal Tariff) |
2.25 $ (8,940.42 Col$) |
1.41 $ (5,600.00 Col$) |
-37.4 % |
| Taxi 1 mile (Normal Tariff) |
2.62 $ (10,391.49 Col$) |
2.48 $ (9,849.19 Col$) |
-5.2 % |
| Taxi 1hour Waiting (Normal Tariff) |
21.00 $ (83,443.97 Col$) |
4.08 $ (16,200.00 Col$) |
-80.6 % |
| Gasoline (1 gallon) |
3.69 $ (14,647.61 Col$) |
3.71 $ (14,745.34 Col$) |
+0.7 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
22,250.00 $ (88,410,868.06 Col$) |
16,358.28 $ (65,000,000.00 Col$) |
-26.5 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
20,494.44 $ (81,435,129.16 Col$) |
22,988.11 $ (91,343,750.00 Col$) |
+12.2 % |
Utilities (Monthly) | Panama City Edit |
Bogota Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
120.76 $ (479,831.02 Col$) |
100.94 $ (401,069.16 Col$) |
-16.4 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
29.38 $ (116,722.21 Col$) |
10.13 $ (40,250.00 Col$) |
-65.5 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
51.69 $ (205,381.43 Col$) |
26.59 $ (105,673.96 Col$) |
-48.5 % |
Sports And Leisure | Panama City Edit |
Bogota Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
42.92 $ (170,530.33 Col$) |
22.14 $ (87,961.54 Col$) |
-48.4 % |
| Tennis Court Rent (1 Hour on Weekend) |
22.50 $ (89,404.25 Col$) |
8.81 $ (35,000.00 Col$) |
-60.9 % |
| Cinema, International Release, 1 Seat |
7.00 $ (27,814.66 Col$) |
5.03 $ (20,000.00 Col$) |
-28.1 % |
Childcare | Panama City Edit |
Bogota Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
414.38 $ (1,646,528.25 Col$) |
228.35 $ (907,347.83 Col$) |
-44.9 % |
| International Primary School, Yearly for 1 Child |
9,058.00 $ (35,992,163.73 Col$) |
7,340.26 $ (29,166,666.67 Col$) |
-19.0 % |
Clothing And Shoes | Panama City Edit |
Bogota Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
53.69 $ (213,347.57 Col$) |
53.28 $ (211,696.37 Col$) |
-0.8 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
40.42 $ (160,596.52 Col$) |
44.02 $ (174,933.52 Col$) |
+8.9 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
86.19 $ (342,467.94 Col$) |
86.70 $ (344,520.57 Col$) |
+0.6 % |
| 1 Pair of Men Leather Business Shoes |
105.91 $ (420,832.12 Col$) |
76.02 $ (302,071.93 Col$) |
-28.2 % |
Rent Per Month | Panama City Edit |
Bogota Edit | |
| Apartment (1 bedroom) in City Centre |
939.05 $ (3,731,326.52 Col$) |
459.38 $ (1,825,374.78 Col$) |
-51.1 % |
| Apartment (1 bedroom) Outside of Centre |
620.83 $ (2,466,895.01 Col$) |
325.95 $ (1,295,165.19 Col$) |
-47.5 % |
| Apartment (3 bedrooms) in City Centre |
1,991.67 $ (7,913,931.64 Col$) |
752.85 $ (2,991,482.23 Col$) |
-62.2 % |
| Apartment (3 bedrooms) Outside of Centre |
1,303.12 $ (5,177,996.06 Col$) |
619.89 $ (2,463,141.73 Col$) |
-52.4 % |
Buy Apartment Price | Panama City Edit |
Bogota Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
235.74 $ (936,716.14 Col$) |
167.92 $ (667,227.95 Col$) |
-28.8 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
142.45 $ (566,028.80 Col$) |
127.43 $ (506,347.08 Col$) |
-10.5 % |
Salaries And Financing | Panama City Edit |
Bogota Edit | |
| Average Monthly Net Salary (After Tax) |
886.76 $ (3,523,579.21 Col$) |
364.90 $ (1,449,944.80 Col$) |
-58.9 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.02 | 14.23 | +136.4 % |
| Last update: | June 2024 | June 2024 | |
| Contributors in the past 12 months: | 91 | 194 |
Moving to Bogota? Explore:
Cities near Panama City: | Cost of Living in San Miguelito | 8.11 miles |
| Cost of Living in Tocumen | 15.44 miles |
| Cost of Living in Pacora | 19.85 miles |
| Cost of Living in El Coco | 33.93 miles |
| Cost of Living in Aguadulce | 127.78 miles |
| Cost of Living in Santiago | 161.98 miles |
Cities near Bogota: | Cost of Living in Villavicencio | 67.82 miles |
| Cost of Living in Manizales | 190.92 miles |