Cost of living in Panama City (Panama) is 48% more expensive than in Bogotá (Colombia)
We need your help!
Expatistan is a collaborative effort. The data gets better with every new price that you enter.
Do you know the prices in Bogotá or in Panama City? You can help!
Improve the prices for Bogotá! Improve the prices for Panama City!
This comparison has some inconsistent or sparse data. It already provides a reliable comparison but it is not bullet-proof. It is based on 1,997 prices entered by 292 different people.
Full price comparison, by category
(click to expand each category)
Currency:
| Food | + 51% | |||
|---|---|---|---|---|
| Food in Panama City (Panama) is 51% 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$66,123) | COL$34,977 | + 89% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 8 B/. (COL$33,060) | COL$31,103 | + 6% | |
| 500 gr (1 lb.) of boneless chicken breast | 3.38 B/. (COL$14,712) | COL$11,427 | + 29% | |
| 1 liter (1 qt.) of whole fat milk | 1.79 B/. (COL$7,794) | COL$5,208 | + 50% | |
| 12 eggs, large | 3.15 B/. (COL$13,707) | COL$10,039 | + 37% | |
| 1 kg (2 lb.) of tomatoes | 2.62 B/. (COL$11,410) | COL$5,059 | + 126% | |
| 500 gr (16 oz.) of local cheese | 6 B/. (COL$27,993) | COL$14,527 | + 93% | |
| 1 kg (2 lb.) of apples | 2.80 B/. (COL$12,169) | COL$8,963 | + 36% | |
| 1 kg (2 lb.) of potatoes | 2.46 B/. (COL$10,706) | COL$4,690 | + 128% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 1.50 B/. (COL$6,535) | COL$4,498 | + 45% | |
| 1 bottle of red table wine, good quality | 12 B/. (COL$52,904) | COL$56,025 | - 6% | |
| 2 liters of coca-cola | 2.43 B/. (COL$10,574) | COL$7,376 | + 43% | |
| Bread for 2 people for 1 day | 1.55 B/. (COL$6,730) | COL$3,780 | + 78% | |
| Housing | + 78% | |||
| Housing in Panama City (Panama) is 78% 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 | 1,591 B/. (COL$6,917,617) | COL$4,135,750 | + 67% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 948 B/. (COL$4,121,694) | COL$2,592,780 | + 59% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 140 B/. (COL$610,078) | COL$357,979 | + 70% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 1,033 B/. (COL$4,491,928) | COL$2,676,030 | + 68% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 635 B/. (COL$2,762,161) | COL$1,529,340 | + 81% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 98 B/. (COL$425,782) | COL$231,912 | + 84% | |
| Internet 8 mbps (1 month) | 38 B/. (COL$167,007) | COL$74,480 | + 124% | |
| 40” flat screen tv | 321 B/. (COL$1,394,565) | COL$1,508,520 | - 8% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 107 B/. (COL$463,042) | COL$419,356 | + 10% | |
| Laundry detergent (3 l. ~ 100 oz.) | 9 B/. (COL$41,269) | COL$23,964 | + 72% | |
| Hourly rate for cleaning help | 12 B/. (COL$53,615) | COL$15,125 | + 254% | |
| Clothes | + 22% | |||
| Clothes in Panama City (Panama) is 22% more expensive than in Bogotá (Colombia) | ||||
| Update prices | Update prices | |||
| Panama City | Bogotá | Diff | ||
| 1 pair of jeans (levis 501 or similar) | 61 B/. (COL$264,155) | COL$241,076 | + 10% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 43 B/. (COL$185,170) | COL$143,880 | + 29% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 104 B/. (COL$454,053) | COL$368,781 | + 23% | |
| 1 pair of men’s leather business shoes | 100 B/. (COL$435,587) | COL$312,846 | + 39% | |
| Transportation | - 10% | |||
| Transportation in Panama City (Panama) is 10% 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 | 22,225 B/. (COL$96,609,823) | COL$75,612,500 | + 28% | |
| 1 liter (1/4 gallon) of gas | 1.01 B/. (COL$4,372) | COL$4,131 | + 6% | |
| Monthly ticket public transport | 24 B/. (COL$104,044) | COL$152,538 | - 32% | |
| Taxi trip on a business day, basic tariff, 8 km. (5 miles) | 9 B/. (COL$40,814) | COL$24,019 | + 70% | |
| Personal Care | + 98% | |||
| Personal Care in Panama City (Panama) is 98% 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) | 9 B/. (COL$38,196) | COL$21,290 | + 79% | |
| 1 box of antibiotics (12 doses) | 23 B/. (COL$100,768) | COL$34,723 | + 190% | |
| Short visit to private doctor (15 minutes) | 55 B/. (COL$238,026) | COL$109,859 | + 117% | |
| 1 box of 32 tampons (tampax, ob, ...) | 8 B/. (COL$34,068) | COL$17,240 | + 98% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 4.26 B/. (COL$18,528) | COL$13,279 | + 40% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 8 B/. (COL$36,615) | COL$17,349 | + 111% | |
| 4 rolls of toilet paper | 2.95 B/. (COL$12,805) | COL$7,659 | + 67% | |
| Tube of toothpaste | 3.04 B/. (COL$13,221) | COL$6,617 | + 100% | |
| Standard men's haircut in expat area of the city | 18 B/. (COL$79,752) | COL$37,925 | + 110% | |
| Entertainment | + 113% | |||
| Entertainment in Panama City (Panama) is 113% 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$156,202) | COL$66,464 | + 135% | |
| 2 tickets to the movies | 11 B/. (COL$46,622) | COL$29,808 | + 56% | |
| 2 tickets to the theater (best available seats) | 34 B/. (COL$148,664) | COL$129,956 | + 14% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 64 B/. (COL$279,948) | COL$150,698 | + 86% | |
| 1 cocktail drink in downtown club | 11 B/. (COL$46,273) | COL$39,631 | + 17% | |
| Cappuccino in expat area of the city | 5.10 B/. (COL$22,184) | COL$11,290 | + 96% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 2.82 B/. (COL$12,258) | COL$5,351 | + 129% | |
| Ipad wi-fi 128gb | 689 B/. (COL$2,993,402) | COL$2,457,840 | + 22% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 0.34 B/. (COL$1,480) | COL$255 | + 480% | |
| 1 month of gym membership in business district | 52 B/. (COL$224,550) | COL$129,949 | + 73% | |
| 1 package of marlboro cigarettes | 6 B/. (COL$26,472) | COL$9,375 | + 182% | |
 |
TOTAL | + 48% | ||
This comparison has some inconsistent or sparse data. It already provides a reliable comparison but it is not bullet-proof. It is based on 1,997 prices entered by 292 different people.
These prices were last updated on April 17, 2025.
Exchange rate:
4346.957
COP
/
PAB
Detailed prices for each city individually
Recent Comparisons
- Cost of living in Montevideo is 11% more expensive than in Buenos Aires
- Cost of living in Barcelona, Spain is 4% more expensive than in Madrid
- Cost of living in Kharkiv is 69% cheaper than in Padua
- Cost of living in Mexico City is 31% more expensive than in Bogotá
- Cost of living in Madrid is 37% more expensive than in Santiago, Chile
- Cost of living in Lisbon is 8% cheaper than in Madrid
- Cost of living in Caracas is 18% cheaper than in Malaga
- Cost of living in Istanbul is 28% cheaper than in Hamilton, Canada
- Cost of living in Denpasar, Bali is 24% cheaper than in Yerevan
- Cost of living in Buenos Aires is 17% more expensive than in Santiago, Chile
Compare other countries
For example, you would need at least COL$16,631,591 (3,826 B/.) in Panama City to maintain the same standard of living that you can have with COL$11,200,000 in Bogotá.
Do you live in Bogotá? We need your help!
Cost of Living and Prices in Similar Cities
- Cost of Living, Prices in Mexico City (Mexico)
- Cost of Living, Prices in Lima (Peru)
- Cost of Living, Prices in Quito (Ecuador)
- Cost of Living, Prices in Medellín (Colombia)
- Cost of Living, Prices in Louisville, Kentucky (United States)
- Cost of Living, Prices in Rio de Janeiro (Brazil)
- Cost of Living, Prices in New York City (United States)
- Cost of Living, Prices in Barquisimeto (Venezuela)
Prices recently added
- Basic lunchtime menu (including a drink) in the business district in Boise, Idaho costs $24 (about 1 hour ago)
- Basic lunchtime menu (including a drink) in the business district in Sacramento, California costs $20 (about 1 hour ago)
- Nice dinner at an italian restaurant, dinner for two in Cape Town costs R 1,000 (about 2 hours ago)
- 1 liter of gasoline in San Nicolás de los Arroyos costs ARS $1,300 (about 4 hours ago)
- 1 kg of boneless chicken breast in Bihać costs 7KM (about 4 hours ago)
- 1 lb of rice in Provo, Utah costs $2.12 (about 5 hours ago)