Cost of living in Panama City (Panama) is 41% more expensive than in Bogotá (Colombia)
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This comparison is based on abundant and consistent data. It is based on 3,810 prices entered by 464 different people.
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Currency:
| Food | + 47% | |||
|---|---|---|---|---|
| Food in Panama City (Panama) is 47% more expensive than in Bogotá (Colombia) | ||||
| Update prices | Update prices | |||
| Panama City | Bogotá | Diff | ||
| Basic lunchtime menu (including a drink) in the business district | 15 B/. (COL$60,548) | COL$36,071 | + 68% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 8 B/. (COL$31,355) | COL$28,056 | + 12% | |
| 500 gr (1 lb.) of boneless chicken breast | 3.60 B/. (COL$14,364) | COL$11,648 | + 23% | |
| 1 liter (1 qt.) of whole fat milk | 2.14 B/. (COL$8,529) | COL$4,708 | + 81% | |
| 12 eggs, large | 3.07 B/. (COL$12,231) | COL$9,329 | + 31% | |
| 1 kg (2 lb.) of tomatoes | 2.33 B/. (COL$9,275) | COL$4,322 | + 115% | |
| 500 gr (16 oz.) of local cheese | 7 B/. (COL$28,152) | COL$13,624 | + 107% | |
| 1 kg (2 lb.) of apples | 2.95 B/. (COL$11,773) | COL$9,406 | + 25% | |
| 1 kg (2 lb.) of potatoes | 2.08 B/. (COL$8,303) | COL$4,614 | + 80% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 1.34 B/. (COL$5,356) | COL$3,770 | + 42% | |
| 1 bottle of red table wine, good quality | 14 B/. (COL$56,655) | COL$59,788 | - 5% | |
| 2 liters of coca-cola | 2.54 B/. (COL$10,119) | COL$6,392 | + 58% | |
| Bread for 2 people for 1 day | 1.60 B/. (COL$6,363) | COL$2,985 | + 113% | |
| Housing | + 69% | |||
| Housing in Panama City (Panama) is 69% more expensive than in Bogotá (Colombia) | ||||
| Update prices | Update prices | |||
| Panama City | Bogotá | Diff | ||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 1,477 B/. (COL$5,891,546) | COL$3,923,190 | + 50% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 881 B/. (COL$3,511,838) | COL$2,185,300 | + 61% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 188 B/. (COL$749,666) | COL$343,108 | + 118% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 1,040 B/. (COL$4,145,780) | COL$2,380,860 | + 74% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 600 B/. (COL$2,391,089) | COL$1,252,360 | + 91% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 88 B/. (COL$349,485) | COL$211,024 | + 66% | |
| Internet 8 mbps (1 month) | 43 B/. (COL$171,356) | COL$69,733 | + 146% | |
| 40” flat screen tv | 351 B/. (COL$1,398,926) | COL$1,535,270 | - 9% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 99 B/. (COL$396,718) | COL$528,717 | - 25% | |
| Laundry detergent (3 l. ~ 100 oz.) | 9 B/. (COL$35,340) | COL$26,284 | + 34% | |
| Hourly rate for cleaning help | 4.57 B/. (COL$18,242) | COL$14,016 | + 30% | |
| Clothes | + 5% | |||
| Clothes in Panama City (Panama) is 5% more expensive than in Bogotá (Colombia) | ||||
| Update prices | Update prices | |||
| Panama City | Bogotá | Diff | ||
| 1 pair of jeans (levis 501 or similar) | 54 B/. (COL$214,655) | COL$200,832 | + 7% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 37 B/. (COL$147,688) | COL$138,378 | + 7% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 90 B/. (COL$357,046) | COL$394,816 | - 10% | |
| 1 pair of men’s leather business shoes | 86 B/. (COL$344,471) | COL$285,467 | + 21% | |
| Transportation | - 5% | |||
| Transportation in Panama City (Panama) is 5% cheaper than in Bogotá (Colombia) | ||||
| Update prices | Update prices | |||
| Panama City | Bogotá | Diff | ||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 19,852 B/. (COL$79,168,207) | COL$78,910,100 | + 0% | |
| 1 liter (1/4 gallon) of gas | 1.20 B/. (COL$4,768) | COL$3,678 | + 30% | |
| Monthly ticket public transport | 31 B/. (COL$121,633) | COL$149,425 | - 19% | |
| Taxi trip on a business day, basic tariff, 8 km. (5 miles) | 8 B/. (COL$33,714) | COL$25,354 | + 33% | |
| Personal Care | + 63% | |||
| Personal Care in Panama City (Panama) is 63% more expensive than in Bogotá (Colombia) | ||||
| Update prices | Update prices | |||
| Panama City | Bogotá | Diff | ||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 8 B/. (COL$32,358) | COL$16,575 | + 95% | |
| 1 box of antibiotics (12 doses) | 22 B/. (COL$87,321) | COL$33,261 | + 163% | |
| Short visit to private doctor (15 minutes) | 49 B/. (COL$194,991) | COL$143,449 | + 36% | |
| 1 box of 32 tampons (tampax, ob, ...) | 7 B/. (COL$29,393) | COL$22,072 | + 33% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 4.03 B/. (COL$16,072) | COL$14,363 | + 12% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 7 B/. (COL$28,830) | COL$20,919 | + 38% | |
| 4 rolls of toilet paper | 3.45 B/. (COL$13,744) | COL$8,652 | + 59% | |
| Tube of toothpaste | 3.63 B/. (COL$14,493) | COL$5,379 | + 169% | |
| Standard men's haircut in expat area of the city | 17 B/. (COL$65,910) | COL$31,947 | + 106% | |
| Entertainment | + 89% | |||
| Entertainment in Panama City (Panama) is 89% more expensive than in Bogotá (Colombia) | ||||
| Update prices | Update prices | |||
| Panama City | Bogotá | Diff | ||
| Basic dinner out for two in neighborhood pub | 36 B/. (COL$143,510) | COL$45,013 | + 219% | |
| 2 tickets to the movies | 14 B/. (COL$54,853) | COL$34,391 | + 59% | |
| 2 tickets to the theater (best available seats) | 45 B/. (COL$180,719) | COL$130,978 | + 38% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 57 B/. (COL$228,678) | COL$142,826 | + 60% | |
| 1 cocktail drink in downtown club | 10 B/. (COL$37,896) | COL$36,288 | + 4% | |
| Cappuccino in expat area of the city | 5.71 B/. (COL$22,773) | COL$10,676 | + 113% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 2.84 B/. (COL$11,322) | COL$4,915 | + 130% | |
| Ipad wi-fi 128gb | 680 B/. (COL$2,712,643) | COL$3,226,250 | - 16% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 0.32 B/. (COL$1,293) | COL$251 | + 415% | |
| 1 month of gym membership in business district | 51 B/. (COL$203,227) | COL$137,751 | + 48% | |
| 1 package of marlboro cigarettes | 5.90 B/. (COL$23,538) | COL$8,504 | + 177% | |
 |
TOTAL | + 41% | ||
These prices were last updated on December 10, 2023.
Exchange rate:
3987.861
COP
/
PAB
This comparison is based on abundant and consistent data. It is based on 3,810 prices entered by 464 different people.
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