Cost of Living Comparison Between Colombia and Panama 
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| Indices Difference |  |
|---|---|
| Cost of Living in Panama is 57.5% higher than in Colombia (excluding rent) | |
| Cost of Living Including Rent in Panama is 76.9% higher than in Colombia | |
| Rent Prices in Panama are 151.0% higher than in Colombia | |
| Restaurant Prices in Panama are 69.4% higher than in Colombia | |
| Groceries Prices in Panama are 67.9% higher than in Colombia | |
| Local Purchasing Power in Panama is 18.5% higher than in Colombia | |
Restaurants | Colombia Edit |
Panama Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
20,000.00 Col$ (4.80 $) |
41,669.60 Col$ (10.00 $) |
+108.3 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
120,000.00 Col$ (28.80 $) |
208,347.99 Col$ (50.00 $) |
+73.6 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
30,000.00 Col$ (7.20 $) |
31,210.53 Col$ (7.49 $) |
+4.0 % |
| Domestic Beer (1 pint draught) |
5,000.00 Col$ (1.20 $) |
8,333.92 Col$ (2.00 $) |
+66.7 % |
| Imported Beer (12 oz small bottle) |
10,000.00 Col$ (2.40 $) |
14,584.36 Col$ (3.50 $) |
+45.8 % |
| Cappuccino (regular) |
6,539.84 Col$ (1.57 $) |
14,471.26 Col$ (3.47 $) |
+121.3 % |
| Coke/Pepsi (12 oz small bottle) |
3,779.62 Col$ (0.91 $) |
6,158.77 Col$ (1.48 $) |
+62.9 % |
| Water (12 oz small bottle) |
2,606.36 Col$ (0.63 $) |
5,070.59 Col$ (1.22 $) |
+94.5 % |
Markets | Colombia Edit |
Panama Edit | |
| Milk (regular), (1 gallon) |
17,691.71 Col$ (4.25 $) |
28,545.69 Col$ (6.85 $) |
+61.4 % |
| Loaf of Fresh White Bread (1 lb) |
5,230.88 Col$ (1.26 $) |
9,222.16 Col$ (2.21 $) |
+76.3 % |
| Rice (white), (1 lb) |
2,185.21 Col$ (0.52 $) |
4,348.55 Col$ (1.04 $) |
+99.0 % |
| Eggs (regular) (12) |
8,802.99 Col$ (2.11 $) |
11,118.64 Col$ (2.67 $) |
+26.3 % |
| Local Cheese (1 lb) |
8,620.59 Col$ (2.07 $) |
22,121.91 Col$ (5.31 $) |
+156.6 % |
| Chicken Fillets (1 lb) |
9,748.16 Col$ (2.34 $) |
13,719.98 Col$ (3.29 $) |
+40.7 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
14,554.10 Col$ (3.49 $) |
16,991.50 Col$ (4.08 $) |
+16.7 % |
| Apples (1 lb) |
4,888.24 Col$ (1.17 $) |
7,633.50 Col$ (1.83 $) |
+56.2 % |
| Banana (1 lb) |
1,978.62 Col$ (0.47 $) |
2,500.95 Col$ (0.60 $) |
+26.4 % |
| Oranges (1 lb) |
2,445.38 Col$ (0.59 $) |
5,311.06 Col$ (1.27 $) |
+117.2 % |
| Tomato (1 lb) |
2,372.85 Col$ (0.57 $) |
5,542.68 Col$ (1.33 $) |
+133.6 % |
| Potato (1 lb) |
1,990.64 Col$ (0.48 $) |
3,970.34 Col$ (0.95 $) |
+99.5 % |
| Onion (1 lb) |
2,158.42 Col$ (0.52 $) |
4,362.01 Col$ (1.05 $) |
+102.1 % |
| Lettuce (1 head) |
3,275.56 Col$ (0.79 $) |
8,647.27 Col$ (2.08 $) |
+164.0 % |
| Water (1.5 liter bottle) |
3,069.75 Col$ (0.74 $) |
6,490.04 Col$ (1.56 $) |
+111.4 % |
| Bottle of Wine (Mid-Range) |
40,000.00 Col$ (9.60 $) |
41,669.60 Col$ (10.00 $) |
+4.2 % |
| Domestic Beer (0.5 liter bottle) |
4,583.50 Col$ (1.10 $) |
5,007.95 Col$ (1.20 $) |
+9.3 % |
| Imported Beer (12 oz small bottle) |
7,865.66 Col$ (1.89 $) |
8,945.80 Col$ (2.15 $) |
+13.7 % |
| Cigarettes 20 Pack (Marlboro) |
10,565.00 Col$ (2.54 $) |
24,689.24 Col$ (5.92 $) |
+133.7 % |
Transportation | Colombia Edit |
Panama Edit | |
| One-way Ticket (Local Transport) |
3,000.00 Col$ (0.72 $) |
2,291.83 Col$ (0.55 $) |
-23.6 % |
| Monthly Pass (Regular Price) |
160,000.00 Col$ (38.40 $) |
104,173.99 Col$ (25.00 $) |
-34.9 % |
| Taxi Start (Normal Tariff) |
6,300.00 Col$ (1.51 $) |
8,333.92 Col$ (2.00 $) |
+32.3 % |
| Taxi 1 mile (Normal Tariff) |
11,265.41 Col$ (2.70 $) |
13,412.15 Col$ (3.22 $) |
+19.1 % |
| Taxi 1hour Waiting (Normal Tariff) |
30,000.00 Col$ (7.20 $) |
87,506.15 Col$ (21.00 $) |
+191.7 % |
| Gasoline (1 gallon) |
15,216.74 Col$ (3.65 $) |
14,590.64 Col$ (3.50 $) |
-4.1 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
70,000,000.00 Col$ (16,798.82 $) |
83,339,195.04 Col$ (20,000.00 $) |
+19.1 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
108,609,567.80 Col$ (26,064.46 $) |
89,442,056.58 Col$ (21,464.58 $) |
-17.6 % |
Utilities (Monthly) | Colombia Edit |
Panama Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
344,547.95 Col$ (82.69 $) |
454,211.25 Col$ (109.00 $) |
+31.8 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
38,969.98 Col$ (9.35 $) |
122,783.86 Col$ (29.47 $) |
+215.1 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
97,457.89 Col$ (23.39 $) |
203,727.74 Col$ (48.89 $) |
+109.0 % |
Sports And Leisure | Colombia Edit |
Panama Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
94,621.29 Col$ (22.71 $) |
217,950.90 Col$ (52.30 $) |
+130.3 % |
| Tennis Court Rent (1 Hour on Weekend) |
50,001.75 Col$ (12.00 $) |
148,819.99 Col$ (35.71 $) |
+197.6 % |
| Cinema, International Release, 1 Seat |
18,000.00 Col$ (4.32 $) |
29,168.72 Col$ (7.00 $) |
+62.0 % |
Childcare | Colombia Edit |
Panama Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
1,064,655.81 Col$ (255.50 $) |
1,861,242.02 Col$ (446.67 $) |
+74.8 % |
| International Primary School, Yearly for 1 Child |
24,646,420.00 Col$ (5,914.72 $) |
43,440,555.41 Col$ (10,425.00 $) |
+76.3 % |
Clothing And Shoes | Colombia Edit |
Panama Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
234,181.31 Col$ (56.20 $) |
200,906.99 Col$ (48.21 $) |
-14.2 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
157,819.31 Col$ (37.87 $) |
171,486.42 Col$ (41.15 $) |
+8.7 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
373,266.67 Col$ (89.58 $) |
348,635.63 Col$ (83.67 $) |
-6.6 % |
| 1 Pair of Men Leather Business Shoes |
316,290.02 Col$ (75.90 $) |
460,259.65 Col$ (110.45 $) |
+45.5 % |
Rent Per Month | Colombia Edit |
Panama Edit | |
| Apartment (1 bedroom) in City Centre |
1,495,969.59 Col$ (359.01 $) |
3,812,117.09 Col$ (914.84 $) |
+154.8 % |
| Apartment (1 bedroom) Outside of Centre |
1,238,211.26 Col$ (297.15 $) |
2,911,124.30 Col$ (698.62 $) |
+135.1 % |
| Apartment (3 bedrooms) in City Centre |
2,847,993.88 Col$ (683.47 $) |
7,412,465.80 Col$ (1,778.87 $) |
+160.3 % |
| Apartment (3 bedrooms) Outside of Centre |
2,299,756.68 Col$ (551.90 $) |
5,649,435.82 Col$ (1,355.77 $) |
+145.7 % |
Buy Apartment Price | Colombia Edit |
Panama Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
601,382.39 Col$ (144.32 $) |
805,404.50 Col$ (193.28 $) |
+33.9 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
463,569.82 Col$ (111.25 $) |
598,221.50 Col$ (143.56 $) |
+29.0 % |
Salaries And Financing | Colombia Edit |
Panama Edit | |
| Average Monthly Net Salary (After Tax) |
1,642,674.18 Col$ (394.21 $) |
3,443,085.31 Col$ (826.28 $) |
+109.6 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 12.75 | 6.30 | -50.6 % |
| Last update: | 22 May 2025 | 22 May 2025 | |
| Contributors in the past 12 months: | 460 | 94 |
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