Cost of Living Comparison Between Bogota and Panama City 
| Indices Difference |  |
|---|---|
| Consumer Prices in Panama City are 53.9% higher than in Bogota (without rent) | |
| Consumer Prices Including Rent in Panama City are 70.7% higher than in Bogota | |
| Rent Prices in Panama City are 125.2% higher than in Bogota | |
| Restaurant Prices in Panama City are 105.6% higher than in Bogota | |
| Groceries Prices in Panama City are 56.7% higher than in Bogota | |
| Local Purchasing Power in Panama City is 33.9% higher than in Bogota | |
Restaurants | Bogota Edit |
Panama City Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
20,000.00 Col$ (5.13 $) |
45,838.77 Col$ (11.75 $) |
+129.2 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
105,000.00 Col$ (26.91 $) |
234,070.31 Col$ (60.00 $) |
+122.9 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
28,000.00 Col$ (7.18 $) |
32,184.67 Col$ (8.25 $) |
+14.9 % |
| Domestic Beer (1 pint draught) |
4,500.00 Col$ (1.15 $) |
11,703.52 Col$ (3.00 $) |
+160.1 % |
| Imported Beer (12 oz small bottle) |
10,000.00 Col$ (2.56 $) |
15,604.69 Col$ (4.00 $) |
+56.0 % |
| Cappuccino (regular) |
6,242.17 Col$ (1.60 $) |
14,497.83 Col$ (3.72 $) |
+132.3 % |
| Coke/Pepsi (12 oz small bottle) |
3,356.52 Col$ (0.86 $) |
7,041.93 Col$ (1.81 $) |
+109.8 % |
| Water (12 oz small bottle) |
2,539.46 Col$ (0.65 $) |
5,205.22 Col$ (1.33 $) |
+105.0 % |
Markets | Bogota Edit |
Panama City Edit | |
| Milk (regular), (1 gallon) |
19,615.41 Col$ (5.03 $) |
25,677.07 Col$ (6.58 $) |
+30.9 % |
| Loaf of Fresh White Bread (1 lb) |
4,948.06 Col$ (1.27 $) |
8,613.10 Col$ (2.21 $) |
+74.1 % |
| Rice (white), (1 lb) |
2,311.80 Col$ (0.59 $) |
3,610.91 Col$ (0.93 $) |
+56.2 % |
| Eggs (regular) (12) |
9,010.74 Col$ (2.31 $) |
9,813.07 Col$ (2.52 $) |
+8.9 % |
| Local Cheese (1 lb) |
8,036.06 Col$ (2.06 $) |
19,244.76 Col$ (4.93 $) |
+139.5 % |
| Chicken Fillets (1 lb) |
9,380.64 Col$ (2.40 $) |
13,218.49 Col$ (3.39 $) |
+40.9 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
13,783.65 Col$ (3.53 $) |
15,856.47 Col$ (4.06 $) |
+15.0 % |
| Apples (1 lb) |
4,563.92 Col$ (1.17 $) |
5,316.70 Col$ (1.36 $) |
+16.5 % |
| Banana (1 lb) |
2,160.20 Col$ (0.55 $) |
2,518.08 Col$ (0.65 $) |
+16.6 % |
| Oranges (1 lb) |
2,305.92 Col$ (0.59 $) |
5,052.36 Col$ (1.30 $) |
+119.1 % |
| Tomato (1 lb) |
2,521.64 Col$ (0.65 $) |
5,574.83 Col$ (1.43 $) |
+121.1 % |
| Potato (1 lb) |
1,850.19 Col$ (0.47 $) |
3,668.95 Col$ (0.94 $) |
+98.3 % |
| Onion (1 lb) |
1,936.02 Col$ (0.50 $) |
3,726.71 Col$ (0.96 $) |
+92.5 % |
| Lettuce (1 head) |
3,240.91 Col$ (0.83 $) |
8,495.38 Col$ (2.18 $) |
+162.1 % |
| Water (1.5 liter bottle) |
3,126.67 Col$ (0.80 $) |
5,625.90 Col$ (1.44 $) |
+79.9 % |
| Bottle of Wine (Mid-Range) |
35,000.00 Col$ (8.97 $) |
33,159.96 Col$ (8.50 $) |
-5.3 % |
| Domestic Beer (0.5 liter bottle) |
4,194.06 Col$ (1.08 $) |
4,792.18 Col$ (1.23 $) |
+14.3 % |
| Imported Beer (12 oz small bottle) |
7,696.43 Col$ (1.97 $) |
7,526.97 Col$ (1.93 $) |
-2.2 % |
| Cigarettes 20 Pack (Marlboro) |
9,000.00 Col$ (2.31 $) |
23,407.03 Col$ (6.00 $) |
+160.1 % |
Transportation | Bogota Edit |
Panama City Edit | |
| One-way Ticket (Local Transport) |
3,000.00 Col$ (0.77 $) |
1,365.41 Col$ (0.35 $) |
-54.5 % |
| Monthly Pass (Regular Price) |
150,000.00 Col$ (38.45 $) |
97,529.30 Col$ (25.00 $) |
-35.0 % |
| Taxi Start (Normal Tariff) |
5,500.00 Col$ (1.41 $) |
8,777.64 Col$ (2.25 $) |
+59.6 % |
| Taxi 1 mile (Normal Tariff) |
9,849.19 Col$ (2.52 $) |
9,417.49 Col$ (2.41 $) |
-4.4 % |
| Taxi 1hour Waiting (Normal Tariff) |
21,500.00 Col$ (5.51 $) |
78,023.44 Col$ (20.00 $) |
+262.9 % |
| Gasoline (1 gallon) |
14,544.00 Col$ (3.73 $) |
14,489.31 Col$ (3.71 $) |
-0.4 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
62,500,000.00 Col$ (16,020.83 $) |
86,801,072.88 Col$ (22,250.00 $) |
+38.9 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
91,782,352.94 Col$ (23,526.87 $) |
79,952,349.03 Col$ (20,494.44 $) |
-12.9 % |
Utilities (Monthly) | Bogota Edit |
Panama City Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
400,286.02 Col$ (102.61 $) |
443,915.29 Col$ (113.79 $) |
+10.9 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
40,620.69 Col$ (10.41 $) |
114,434.37 Col$ (29.33 $) |
+181.7 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
106,899.64 Col$ (27.40 $) |
199,308.08 Col$ (51.09 $) |
+86.4 % |
Sports And Leisure | Bogota Edit |
Panama City Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
90,435.90 Col$ (23.18 $) |
161,898.63 Col$ (41.50 $) |
+79.0 % |
| Tennis Court Rent (1 Hour on Weekend) |
37,058.82 Col$ (9.50 $) |
97,529.30 Col$ (25.00 $) |
+163.2 % |
| Cinema, International Release, 1 Seat |
20,000.00 Col$ (5.13 $) |
27,308.20 Col$ (7.00 $) |
+36.5 % |
Childcare | Bogota Edit |
Panama City Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
889,192.31 Col$ (227.93 $) |
1,592,165.75 Col$ (408.12 $) |
+79.1 % |
| International Primary School, Yearly for 1 Child |
28,562,500.00 Col$ (7,321.52 $) |
37,746,763.19 Col$ (9,675.75 $) |
+32.2 % |
Clothing And Shoes | Bogota Edit |
Panama City Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
211,277.22 Col$ (54.16 $) |
210,419.45 Col$ (53.94 $) |
-0.4 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
165,058.67 Col$ (42.31 $) |
159,112.08 Col$ (40.79 $) |
-3.6 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
337,703.06 Col$ (86.56 $) |
322,154.66 Col$ (82.58 $) |
-4.6 % |
| 1 Pair of Men Leather Business Shoes |
292,592.02 Col$ (75.00 $) |
362,251.67 Col$ (92.86 $) |
+23.8 % |
Rent Per Month | Bogota Edit |
Panama City Edit | |
| Apartment (1 bedroom) in City Centre |
1,779,280.13 Col$ (456.09 $) |
3,660,599.55 Col$ (938.33 $) |
+105.7 % |
| Apartment (1 bedroom) Outside of Centre |
1,211,770.33 Col$ (310.62 $) |
2,397,167.42 Col$ (614.47 $) |
+97.8 % |
| Apartment (3 bedrooms) in City Centre |
2,764,371.66 Col$ (708.60 $) |
7,622,289.55 Col$ (1,953.85 $) |
+175.7 % |
| Apartment (3 bedrooms) Outside of Centre |
2,368,689.03 Col$ (607.17 $) |
4,616,386.65 Col$ (1,183.33 $) |
+94.9 % |
Buy Apartment Price | Bogota Edit |
Panama City Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
700,681.01 Col$ (179.61 $) |
891,831.03 Col$ (228.61 $) |
+27.3 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
505,452.65 Col$ (129.56 $) |
528,108.94 Col$ (135.37 $) |
+4.5 % |
Salaries And Financing | Bogota Edit |
Panama City Edit | |
| Average Monthly Net Salary (After Tax) |
1,470,913.59 Col$ (377.04 $) |
3,362,194.13 Col$ (861.84 $) |
+128.6 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 13.78 | 6.07 | -55.9 % |
| Last update: | April 2024 | April 2024 | |
| Contributors in the past 12 months: | 199 | 86 |
Moving to Bogota? Explore:
Cities near Bogota: | Cost of Living in Villavicencio | 67.82 miles |
| Cost of Living in Manizales | 190.92 miles |
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 |