Cost of Living Comparison Between Panama City and Bogota 
| Indices Difference |  |
|---|---|
| Consumer Prices in Bogota are 35.9% lower than in Panama City (without rent) | |
| Consumer Prices Including Rent in Bogota are 42.2% lower than in Panama City | |
| Rent Prices in Bogota are 56.2% lower than in Panama City | |
| Restaurant Prices in Bogota are 52.0% lower than in Panama City | |
| Groceries Prices in Bogota are 37.1% lower than in Panama City | |
| Local Purchasing Power in Bogota is 25.3% lower than in Panama City | |
Restaurants | Panama City Edit |
Bogota Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
11.75 $ (46,486.79 Col$) |
5.06 $ (20,000.00 Col$) |
-57.0 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
60.00 $ (237,379.34 Col$) |
26.54 $ (105,000.00 Col$) |
-55.8 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
8.25 $ (32,639.66 Col$) |
7.08 $ (28,000.00 Col$) |
-14.2 % |
| Domestic Beer (1 pint draught) |
3.00 $ (11,868.97 Col$) |
1.14 $ (4,500.00 Col$) |
-62.1 % |
| Imported Beer (12 oz small bottle) |
4.00 $ (15,825.29 Col$) |
2.53 $ (10,000.00 Col$) |
-36.8 % |
| Cappuccino (regular) |
3.72 $ (14,702.78 Col$) |
1.58 $ (6,243.20 Col$) |
-57.5 % |
| Coke/Pepsi (12 oz small bottle) |
1.81 $ (7,141.48 Col$) |
0.85 $ (3,357.20 Col$) |
-53.0 % |
| Water (12 oz small bottle) |
1.33 $ (5,278.81 Col$) |
0.64 $ (2,539.90 Col$) |
-51.9 % |
Markets | Panama City Edit |
Bogota Edit | |
| Milk (regular), (1 gallon) |
6.58 $ (26,040.06 Col$) |
4.96 $ (19,615.41 Col$) |
-24.7 % |
| Loaf of Fresh White Bread (1 lb) |
2.21 $ (8,734.87 Col$) |
1.25 $ (4,950.35 Col$) |
-43.3 % |
| Rice (white), (1 lb) |
0.93 $ (3,661.96 Col$) |
0.58 $ (2,311.80 Col$) |
-36.9 % |
| Eggs (regular) (12) |
2.52 $ (9,951.80 Col$) |
2.28 $ (9,010.74 Col$) |
-9.5 % |
| Local Cheese (1 lb) |
4.93 $ (19,516.82 Col$) |
2.03 $ (8,036.06 Col$) |
-58.8 % |
| Chicken Fillets (1 lb) |
3.39 $ (13,405.36 Col$) |
2.37 $ (9,383.94 Col$) |
-30.0 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
4.06 $ (16,080.64 Col$) |
3.48 $ (13,783.65 Col$) |
-14.3 % |
| Apples (1 lb) |
1.36 $ (5,391.86 Col$) |
1.15 $ (4,565.40 Col$) |
-15.3 % |
| Banana (1 lb) |
0.65 $ (2,553.68 Col$) |
0.55 $ (2,160.20 Col$) |
-15.4 % |
| Oranges (1 lb) |
1.30 $ (5,123.78 Col$) |
0.58 $ (2,307.66 Col$) |
-55.0 % |
| Tomato (1 lb) |
1.43 $ (5,653.64 Col$) |
0.64 $ (2,521.64 Col$) |
-55.4 % |
| Potato (1 lb) |
0.94 $ (3,720.81 Col$) |
0.47 $ (1,850.19 Col$) |
-50.3 % |
| Onion (1 lb) |
0.96 $ (3,779.39 Col$) |
0.49 $ (1,936.02 Col$) |
-48.8 % |
| Lettuce (1 head) |
2.18 $ (8,615.47 Col$) |
0.82 $ (3,240.91 Col$) |
-62.4 % |
| Water (1.5 liter bottle) |
1.44 $ (5,705.43 Col$) |
0.79 $ (3,126.67 Col$) |
-45.2 % |
| Bottle of Wine (Mid-Range) |
8.50 $ (33,628.74 Col$) |
8.85 $ (35,000.00 Col$) |
+4.1 % |
| Domestic Beer (0.5 liter bottle) |
1.23 $ (4,859.93 Col$) |
1.06 $ (4,194.06 Col$) |
-13.7 % |
| Imported Beer (12 oz small bottle) |
1.93 $ (7,633.37 Col$) |
1.95 $ (7,696.43 Col$) |
+0.8 % |
| Cigarettes 20 Pack (Marlboro) |
6.00 $ (23,737.93 Col$) |
2.27 $ (9,000.00 Col$) |
-62.1 % |
Transportation | Panama City Edit |
Bogota Edit | |
| One-way Ticket (Local Transport) |
0.35 $ (1,384.71 Col$) |
0.76 $ (3,000.00 Col$) |
+116.7 % |
| Monthly Pass (Regular Price) |
25.00 $ (98,908.06 Col$) |
37.91 $ (150,000.00 Col$) |
+51.7 % |
| Taxi Start (Normal Tariff) |
2.25 $ (8,901.73 Col$) |
1.39 $ (5,500.00 Col$) |
-38.2 % |
| Taxi 1 mile (Normal Tariff) |
2.41 $ (9,550.63 Col$) |
2.49 $ (9,849.19 Col$) |
+3.1 % |
| Taxi 1hour Waiting (Normal Tariff) |
20.00 $ (79,126.45 Col$) |
5.43 $ (21,500.00 Col$) |
-72.8 % |
| Gasoline (1 gallon) |
3.71 $ (14,694.15 Col$) |
3.68 $ (14,544.00 Col$) |
-1.0 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
22,250.00 $ (88,028,172.87 Col$) |
15,797.50 $ (62,500,000.00 Col$) |
-29.0 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
20,494.44 $ (81,082,629.14 Col$) |
23,198.91 $ (91,782,352.94 Col$) |
+13.2 % |
Utilities (Monthly) | Panama City Edit |
Bogota Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
113.79 $ (450,190.88 Col$) |
101.18 $ (400,286.02 Col$) |
-11.1 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
29.33 $ (116,052.12 Col$) |
10.27 $ (40,620.69 Col$) |
-65.0 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
51.09 $ (202,125.68 Col$) |
27.04 $ (106,977.77 Col$) |
-47.1 % |
Sports And Leisure | Panama City Edit |
Bogota Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
41.50 $ (164,187.38 Col$) |
22.86 $ (90,435.90 Col$) |
-44.9 % |
| Tennis Court Rent (1 Hour on Weekend) |
25.00 $ (98,908.06 Col$) |
9.37 $ (37,058.82 Col$) |
-62.5 % |
| Cinema, International Release, 1 Seat |
7.00 $ (27,694.26 Col$) |
5.06 $ (20,000.00 Col$) |
-27.8 % |
Childcare | Panama City Edit |
Bogota Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
408.12 $ (1,614,674.07 Col$) |
224.75 $ (889,192.31 Col$) |
-44.9 % |
| International Primary School, Yearly for 1 Child |
9,675.75 $ (38,280,386.23 Col$) |
7,219.46 $ (28,562,500.00 Col$) |
-25.4 % |
Clothing And Shoes | Panama City Edit |
Bogota Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
53.94 $ (213,394.14 Col$) |
53.42 $ (211,343.59 Col$) |
-1.0 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
40.79 $ (161,361.43 Col$) |
41.73 $ (165,111.85 Col$) |
+2.3 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
82.58 $ (326,708.94 Col$) |
85.40 $ (337,868.97 Col$) |
+3.4 % |
| 1 Pair of Men Leather Business Shoes |
92.86 $ (367,372.79 Col$) |
73.99 $ (292,740.15 Col$) |
-20.3 % |
Rent Per Month | Panama City Edit |
Bogota Edit | |
| Apartment (1 bedroom) in City Centre |
938.33 $ (3,712,349.16 Col$) |
450.21 $ (1,781,192.32 Col$) |
-52.0 % |
| Apartment (1 bedroom) Outside of Centre |
614.47 $ (2,431,055.99 Col$) |
306.76 $ (1,213,641.93 Col$) |
-50.1 % |
| Apartment (3 bedrooms) in City Centre |
1,953.85 $ (7,730,045.26 Col$) |
699.43 $ (2,767,163.51 Col$) |
-64.2 % |
| Apartment (3 bedrooms) Outside of Centre |
1,183.33 $ (4,681,648.14 Col$) |
599.23 $ (2,370,758.88 Col$) |
-49.4 % |
Buy Apartment Price | Panama City Edit |
Bogota Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
228.61 $ (904,438.78 Col$) |
177.10 $ (700,681.01 Col$) |
-22.5 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
135.37 $ (535,574.78 Col$) |
127.76 $ (505,452.65 Col$) |
-5.6 % |
Salaries And Financing | Panama City Edit |
Bogota Edit | |
| Average Monthly Net Salary (After Tax) |
861.84 $ (3,409,725.21 Col$) |
371.89 $ (1,471,302.88 Col$) |
-56.8 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.07 | 13.78 | +127.0 % |
| Last update: | April 2024 | April 2024 | |
| Contributors in the past 12 months: | 86 | 199 |
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 |