Cost of Living Comparison Between Colombia and Panama 
| Indices Difference |  |
|---|---|
| Consumer Prices in Panama are 52.5% higher than in Colombia (without rent) | |
| Consumer Prices Including Rent in Panama are 68.6% higher than in Colombia | |
| Rent Prices in Panama are 129.1% higher than in Colombia | |
| Restaurant Prices in Panama are 103.2% higher than in Colombia | |
| Groceries Prices in Panama are 50.8% higher than in Colombia | |
| Local Purchasing Power in Panama is 21.5% higher than in Colombia | |
Restaurants | Colombia Edit |
Panama Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
18,000.00 Col$ (4.63 $) |
38,916.10 Col$ (10.00 $) |
+116.2 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
100,000.00 Col$ (25.70 $) |
233,496.57 Col$ (60.00 $) |
+133.5 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
25,000.00 Col$ (6.42 $) |
31,132.88 Col$ (8.00 $) |
+24.5 % |
| Domestic Beer (1 pint draught) |
5,000.00 Col$ (1.28 $) |
7,783.22 Col$ (2.00 $) |
+55.7 % |
| Imported Beer (12 oz small bottle) |
9,000.00 Col$ (2.31 $) |
12,161.28 Col$ (3.12 $) |
+35.1 % |
| Cappuccino (regular) |
6,064.93 Col$ (1.56 $) |
13,569.75 Col$ (3.49 $) |
+123.7 % |
| Coke/Pepsi (12 oz small bottle) |
3,275.72 Col$ (0.84 $) |
6,151.95 Col$ (1.58 $) |
+87.8 % |
| Water (12 oz small bottle) |
2,475.46 Col$ (0.64 $) |
4,723.92 Col$ (1.21 $) |
+90.8 % |
Markets | Colombia Edit |
Panama Edit | |
| Milk (regular), (1 gallon) |
17,548.86 Col$ (4.51 $) |
25,286.67 Col$ (6.50 $) |
+44.1 % |
| Loaf of Fresh White Bread (1 lb) |
4,935.04 Col$ (1.27 $) |
8,272.82 Col$ (2.13 $) |
+67.6 % |
| Rice (white), (1 lb) |
2,160.52 Col$ (0.56 $) |
3,747.70 Col$ (0.96 $) |
+73.5 % |
| Eggs (regular) (12) |
8,623.03 Col$ (2.22 $) |
9,598.65 Col$ (2.47 $) |
+11.3 % |
| Local Cheese (1 lb) |
8,699.52 Col$ (2.24 $) |
18,331.99 Col$ (4.71 $) |
+110.7 % |
| Chicken Fillets (1 lb) |
9,520.51 Col$ (2.45 $) |
12,727.78 Col$ (3.27 $) |
+33.7 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
14,649.73 Col$ (3.76 $) |
14,611.26 Col$ (3.75 $) |
-0.3 % |
| Apples (1 lb) |
4,487.27 Col$ (1.15 $) |
5,359.38 Col$ (1.38 $) |
+19.4 % |
| Banana (1 lb) |
1,882.87 Col$ (0.48 $) |
2,374.22 Col$ (0.61 $) |
+26.1 % |
| Oranges (1 lb) |
2,312.89 Col$ (0.59 $) |
4,902.21 Col$ (1.26 $) |
+112.0 % |
| Tomato (1 lb) |
2,365.08 Col$ (0.61 $) |
5,186.31 Col$ (1.33 $) |
+119.3 % |
| Potato (1 lb) |
1,978.59 Col$ (0.51 $) |
3,679.93 Col$ (0.95 $) |
+86.0 % |
| Onion (1 lb) |
2,052.51 Col$ (0.53 $) |
3,565.30 Col$ (0.92 $) |
+73.7 % |
| Lettuce (1 head) |
3,177.81 Col$ (0.82 $) |
7,512.15 Col$ (1.93 $) |
+136.4 % |
| Water (1.5 liter bottle) |
3,077.14 Col$ (0.79 $) |
5,891.90 Col$ (1.51 $) |
+91.5 % |
| Bottle of Wine (Mid-Range) |
35,000.00 Col$ (8.99 $) |
31,132.88 Col$ (8.00 $) |
-11.0 % |
| Domestic Beer (0.5 liter bottle) |
4,130.48 Col$ (1.06 $) |
4,610.60 Col$ (1.18 $) |
+11.6 % |
| Imported Beer (12 oz small bottle) |
7,140.20 Col$ (1.83 $) |
7,392.50 Col$ (1.90 $) |
+3.5 % |
| Cigarettes 20 Pack (Marlboro) |
9,500.00 Col$ (2.44 $) |
22,376.75 Col$ (5.75 $) |
+135.5 % |
Transportation | Colombia Edit |
Panama Edit | |
| One-way Ticket (Local Transport) |
2,900.00 Col$ (0.75 $) |
1,751.22 Col$ (0.45 $) |
-39.6 % |
| Monthly Pass (Regular Price) |
142,000.00 Col$ (36.49 $) |
97,290.24 Col$ (25.00 $) |
-31.5 % |
| Taxi Start (Normal Tariff) |
6,000.00 Col$ (1.54 $) |
7,783.22 Col$ (2.00 $) |
+29.7 % |
| Taxi 1 mile (Normal Tariff) |
11,265.41 Col$ (2.89 $) |
10,960.15 Col$ (2.82 $) |
-2.7 % |
| Taxi 1hour Waiting (Normal Tariff) |
25,000.00 Col$ (6.42 $) |
77,832.19 Col$ (20.00 $) |
+211.3 % |
| Gasoline (1 gallon) |
13,508.69 Col$ (3.47 $) |
14,478.66 Col$ (3.72 $) |
+7.2 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
70,000,000.00 Col$ (17,987.42 $) |
94,371,530.93 Col$ (24,250.00 $) |
+34.8 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
104,943,623.01 Col$ (26,966.64 $) |
78,565,609.18 Col$ (20,188.46 $) |
-25.1 % |
Utilities (Monthly) | Colombia Edit |
Panama Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
332,288.45 Col$ (85.39 $) |
379,155.10 Col$ (97.43 $) |
+14.1 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
36,744.74 Col$ (9.44 $) |
115,613.23 Col$ (29.71 $) |
+214.6 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
96,538.22 Col$ (24.81 $) |
189,311.62 Col$ (48.65 $) |
+96.1 % |
Sports And Leisure | Colombia Edit |
Panama Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
89,760.23 Col$ (23.07 $) |
182,764.78 Col$ (46.96 $) |
+103.6 % |
| Tennis Court Rent (1 Hour on Weekend) |
37,714.29 Col$ (9.69 $) |
122,585.70 Col$ (31.50 $) |
+225.0 % |
| Cinema, International Release, 1 Seat |
18,000.00 Col$ (4.63 $) |
27,241.27 Col$ (7.00 $) |
+51.3 % |
Childcare | Colombia Edit |
Panama Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
814,770.83 Col$ (209.37 $) |
1,405,303.44 Col$ (361.11 $) |
+72.5 % |
| International Primary School, Yearly for 1 Child |
23,189,655.17 Col$ (5,958.89 $) |
32,069,197.44 Col$ (8,240.60 $) |
+38.3 % |
Clothing And Shoes | Colombia Edit |
Panama Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
213,006.17 Col$ (54.73 $) |
190,511.98 Col$ (48.95 $) |
-10.6 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
156,103.81 Col$ (40.11 $) |
152,796.88 Col$ (39.26 $) |
-2.1 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
336,004.29 Col$ (86.34 $) |
306,591.15 Col$ (78.78 $) |
-8.8 % |
| 1 Pair of Men Leather Business Shoes |
301,438.33 Col$ (77.46 $) |
331,810.92 Col$ (85.26 $) |
+10.1 % |
Rent Per Month | Colombia Edit |
Panama Edit | |
| Apartment (1 bedroom) in City Centre |
1,382,099.64 Col$ (355.15 $) |
3,181,127.84 Col$ (817.43 $) |
+130.2 % |
| Apartment (1 bedroom) Outside of Centre |
1,125,278.39 Col$ (289.16 $) |
2,130,083.92 Col$ (547.35 $) |
+89.3 % |
| Apartment (3 bedrooms) in City Centre |
2,486,883.68 Col$ (639.04 $) |
6,569,952.55 Col$ (1,688.24 $) |
+164.2 % |
| Apartment (3 bedrooms) Outside of Centre |
1,953,361.40 Col$ (501.94 $) |
4,012,638.58 Col$ (1,031.10 $) |
+105.4 % |
Buy Apartment Price | Colombia Edit |
Panama Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
589,244.49 Col$ (151.41 $) |
845,364.06 Col$ (217.23 $) |
+43.5 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
477,373.08 Col$ (122.67 $) |
506,155.08 Col$ (130.06 $) |
+6.0 % |
Salaries And Financing | Colombia Edit |
Panama Edit | |
| Average Monthly Net Salary (After Tax) |
1,505,639.49 Col$ (386.89 $) |
3,084,460.88 Col$ (792.59 $) |
+104.9 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 13.80 | 6.20 | -55.1 % |
| Last update: | April 2024 | April 2024 | |
| Contributors in the past 12 months: | 539 | 117 |
Moving to Colombia? Explore:
Moving to Panama? Explore: