Cost of Living Comparison Between Panama and Colombia 
| Indices Difference |  |
|---|---|
| Cost of Living in Colombia is 36.5% lower than in Panama (excluding rent) | |
| Cost of Living Including Rent in Colombia is 43.5% lower than in Panama | |
| Rent Prices in Colombia are 60.2% lower than in Panama | |
| Restaurant Prices in Colombia are 41.0% lower than in Panama | |
| Groceries Prices in Colombia are 40.5% lower than in Panama | |
| Local Purchasing Power in Colombia is 15.6% lower than in Panama | |
Restaurants | Panama Edit |
Colombia Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
10.00 $ (41,700.84 Col$) |
4.80 $ (20,000.00 Col$) |
-52.0 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
50.00 $ (208,504.21 Col$) |
28.78 $ (120,000.00 Col$) |
-42.4 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
7.49 $ (31,233.93 Col$) |
7.19 $ (30,000.00 Col$) |
-4.0 % |
| Domestic Beer (1 pint draught) |
2.00 $ (8,340.17 Col$) |
1.20 $ (5,000.00 Col$) |
-40.0 % |
| Imported Beer (12 oz small bottle) |
3.50 $ (14,595.29 Col$) |
2.40 $ (10,000.00 Col$) |
-31.5 % |
| Cappuccino (regular) |
3.47 $ (14,482.11 Col$) |
1.57 $ (6,540.83 Col$) |
-54.8 % |
| Coke/Pepsi (12 oz small bottle) |
1.48 $ (6,163.38 Col$) |
0.91 $ (3,779.96 Col$) |
-38.7 % |
| Water (12 oz small bottle) |
1.22 $ (5,074.40 Col$) |
0.63 $ (2,606.59 Col$) |
-48.6 % |
Markets | Panama Edit |
Colombia Edit | |
| Milk (regular), (1 gallon) |
6.85 $ (28,567.09 Col$) |
4.24 $ (17,673.50 Col$) |
-38.1 % |
| Loaf of Fresh White Bread (1 lb) |
2.21 $ (9,229.08 Col$) |
1.25 $ (5,230.88 Col$) |
-43.3 % |
| Rice (white), (1 lb) |
1.04 $ (4,351.81 Col$) |
0.52 $ (2,185.21 Col$) |
-49.8 % |
| Eggs (regular) (12) |
2.67 $ (11,126.98 Col$) |
2.11 $ (8,804.00 Col$) |
-20.9 % |
| Local Cheese (1 lb) |
5.31 $ (22,138.49 Col$) |
2.07 $ (8,620.59 Col$) |
-61.1 % |
| Chicken Fillets (1 lb) |
3.29 $ (13,730.27 Col$) |
2.34 $ (9,750.07 Col$) |
-29.0 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
4.08 $ (17,004.24 Col$) |
3.49 $ (14,558.01 Col$) |
-14.4 % |
| Apples (1 lb) |
1.83 $ (7,639.23 Col$) |
1.17 $ (4,889.27 Col$) |
-36.0 % |
| Banana (1 lb) |
0.60 $ (2,502.83 Col$) |
0.47 $ (1,979.17 Col$) |
-20.9 % |
| Oranges (1 lb) |
1.27 $ (5,315.04 Col$) |
0.59 $ (2,445.89 Col$) |
-54.0 % |
| Tomato (1 lb) |
1.33 $ (5,546.83 Col$) |
0.57 $ (2,372.85 Col$) |
-57.2 % |
| Potato (1 lb) |
0.95 $ (3,973.32 Col$) |
0.48 $ (1,990.64 Col$) |
-49.9 % |
| Onion (1 lb) |
1.05 $ (4,365.28 Col$) |
0.52 $ (2,159.16 Col$) |
-50.5 % |
| Lettuce (1 head) |
2.08 $ (8,653.76 Col$) |
0.79 $ (3,276.19 Col$) |
-62.1 % |
| Water (1.5 liter bottle) |
1.56 $ (6,494.91 Col$) |
0.74 $ (3,070.61 Col$) |
-52.7 % |
| Bottle of Wine (Mid-Range) |
10.00 $ (41,700.84 Col$) |
9.59 $ (40,000.00 Col$) |
-4.1 % |
| Domestic Beer (0.5 liter bottle) |
1.20 $ (5,011.71 Col$) |
1.10 $ (4,584.53 Col$) |
-8.5 % |
| Imported Beer (12 oz small bottle) |
2.15 $ (8,952.51 Col$) |
1.89 $ (7,867.53 Col$) |
-12.1 % |
| Cigarettes 20 Pack (Marlboro) |
5.92 $ (24,707.75 Col$) |
2.53 $ (10,565.00 Col$) |
-57.2 % |
Transportation | Panama Edit |
Colombia Edit | |
| One-way Ticket (Local Transport) |
0.55 $ (2,293.55 Col$) |
0.72 $ (3,000.00 Col$) |
+30.8 % |
| Monthly Pass (Regular Price) |
25.00 $ (104,252.11 Col$) |
38.37 $ (160,000.00 Col$) |
+53.5 % |
| Taxi Start (Normal Tariff) |
2.00 $ (8,340.17 Col$) |
1.51 $ (6,300.00 Col$) |
-24.5 % |
| Taxi 1 mile (Normal Tariff) |
3.22 $ (13,422.20 Col$) |
2.70 $ (11,265.41 Col$) |
-16.1 % |
| Taxi 1hour Waiting (Normal Tariff) |
21.00 $ (87,571.77 Col$) |
7.19 $ (30,000.00 Col$) |
-65.7 % |
| Gasoline (1 gallon) |
3.50 $ (14,601.58 Col$) |
3.65 $ (15,216.74 Col$) |
+4.2 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
20,000.00 $ (83,401,684.26 Col$) |
16,786.23 $ (70,000,000.00 Col$) |
-16.1 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
21,464.58 $ (89,509,121.83 Col$) |
26,045.53 $ (108,612,067.37 Col$) |
+21.3 % |
Utilities (Monthly) | Panama Edit |
Colombia Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
109.00 $ (454,551.83 Col$) |
82.62 $ (344,547.95 Col$) |
-24.2 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
29.47 $ (122,875.92 Col$) |
9.35 $ (38,969.98 Col$) |
-68.3 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
48.89 $ (203,880.50 Col$) |
23.37 $ (97,457.89 Col$) |
-52.2 % |
Sports And Leisure | Panama Edit |
Colombia Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
52.30 $ (218,114.32 Col$) |
22.67 $ (94,554.37 Col$) |
-56.6 % |
| Tennis Court Rent (1 Hour on Weekend) |
35.71 $ (148,931.58 Col$) |
11.99 $ (50,001.75 Col$) |
-66.4 % |
| Cinema, International Release, 1 Seat |
7.00 $ (29,190.59 Col$) |
4.32 $ (18,000.00 Col$) |
-38.3 % |
Childcare | Panama Edit |
Colombia Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
446.67 $ (1,862,637.62 Col$) |
255.31 $ (1,064,655.81 Col$) |
-42.8 % |
| International Primary School, Yearly for 1 Child |
10,425.00 $ (43,473,127.92 Col$) |
5,910.29 $ (24,646,420.00 Col$) |
-43.3 % |
Clothing And Shoes | Panama Edit |
Colombia Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
48.21 $ (201,057.63 Col$) |
56.16 $ (234,183.64 Col$) |
+16.5 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
41.15 $ (171,615.00 Col$) |
37.85 $ (157,820.37 Col$) |
-8.0 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
83.67 $ (348,897.05 Col$) |
89.51 $ (373,266.67 Col$) |
+7.0 % |
| 1 Pair of Men Leather Business Shoes |
110.45 $ (460,604.76 Col$) |
75.85 $ (316,295.60 Col$) |
-31.3 % |
Rent Per Month | Panama Edit |
Colombia Edit | |
| Apartment (1 bedroom) in City Centre |
914.84 $ (3,814,975.48 Col$) |
358.83 $ (1,496,345.56 Col$) |
-60.8 % |
| Apartment (1 bedroom) Outside of Centre |
698.62 $ (2,913,307.11 Col$) |
297.03 $ (1,238,643.75 Col$) |
-57.5 % |
| Apartment (3 bedrooms) in City Centre |
1,778.87 $ (7,418,023.80 Col$) |
683.07 $ (2,848,463.20 Col$) |
-61.6 % |
| Apartment (3 bedrooms) Outside of Centre |
1,355.77 $ (5,653,671.87 Col$) |
551.61 $ (2,300,246.34 Col$) |
-59.3 % |
Buy Apartment Price | Panama Edit |
Colombia Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
193.28 $ (806,008.40 Col$) |
144.22 $ (601,417.82 Col$) |
-25.4 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
143.56 $ (598,670.06 Col$) |
111.17 $ (463,585.95 Col$) |
-22.6 % |
Salaries And Financing | Panama Edit |
Colombia Edit | |
| Average Monthly Net Salary (After Tax) |
826.28 $ (3,445,667.00 Col$) |
393.92 $ (1,642,674.18 Col$) |
-52.3 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.30 | 12.75 | +102.4 % |
| Last update: | 22 May 2025 | 24 May 2025 | |
| Contributors in the past 12 months: | 94 | 462 |
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