Cost of living
Balboa compared to Colon (Panama)
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Overview comparison
BalboaColon (Panama)
Consumer prices in Balboa are roughly 10% higher than in Colon (Panama).
Cost of living
| Item | Balboa | Colon (Panama) |
|---|
| Total with rent one person | 1,125 | 1,391 |
|---|
| Total with rent family | 3,088 | 3,133 |
|---|
| Without rent one person | 622 | 683 |
|---|
| Without rent one family | 1,589 | 1,537 |
|---|
| Rent & Utilities person | 730.47 | 695.18 |
|---|
| Rent & Utilities family | 1,145.42 | 859.12 |
|---|
| Food person | 353 | 395 |
|---|
| Food family | 1,166 | 1,422 |
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| Transport person | 35.86 | 58.82 |
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| Transport family | 100.33 | 146.17 |
|---|
| Life expectancy | 74.61 years | 84.2 years |
|---|
Eating Out
| Item | Balboa | Colon (Panama) |
|---|
| Lunch Menu | 9.89 | 13.95 |
|---|
| Dinner in a Restaurant, for 2 | 46.43 | 48.9 |
|---|
| Fast food meal, equiv. McDonald's | 8.51 | 6.74 |
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| Beer in a Pub, 0.5 L or 16 fl oz | 2.97 | 3.24 |
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| Cappuccino | 4.26 | 3.59 |
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| Pepsi / Coke, 0.5 L or 16.9 fl oz | 1.59 | 1.71 |
|---|
Rent & Utilities
| Item | Balboa | Colon (Panama) |
|---|
| 1 bedroom apartment in city Center, 40 m2 or 430 ft2 | 901.86 | 507.18 |
|---|
| Cheap 1 bedroom apartment, 40 m2 or 430 ft2 | 514.38 | 482.32 |
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| 3 bedroom apartment in city Center, 80 m2 or 860 ft2 | 1,404.29 | 757.11 |
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| Cheap 3 bedroom apartment, 80 m2 or 860 ft2 | 1,146.34 | 518.98 |
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| Utility Bill one person, electricity, heating, water, etc. | 79.89 | 97.62 |
|---|
| Utility Bill for a Family, electricity, heating, water, etc. | 99.2 | 183.74 |
|---|
| Internet plan, 25 Mbps+ 1 month unlimited | 57.61 | 52.52 |
|---|
Transportation
| Item | Balboa | Colon (Panama) |
|---|
| Local transport ticket | 6.11 | 5.26 |
|---|
| Monthly ticket local transport | 2,398 | 2,176 |
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| Taxi Ride, 8 km or 5 mi | 1,492 | 1,323 |
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| Gas / Petrol, 1 L or 0.26 gal | 0.38 | 0.39 |
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| Mortgage Interest Rate for 20 Years | 31.42% | 32.95% |
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| Apartment price to Buy in city Center, 1 m2 or 10 ft2 | 12.79 | 11.81 |
|---|
| House price to Buy in Suburbs, 1 m2 or 10 ft2 | 0.94 | 1.02 |
|---|
Groceries
| Item | Balboa | Colon (Panama) |
|---|
| Milk, 1 L or 1 qt | 1.43 | 1.64 |
|---|
| Bread, 0.5 kg or 1.1 lb | 1.93 | 1.99 |
|---|
| Eggs, x12 | 2.63 | 2.79 |
|---|
| Cheese, 1 kg or 2.2 lb | 13.53 | 10.3 |
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| Chicken Breast, 1 kg or 2.2 lb | 6.43 | 7.43 |
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| Round Steak, 1 kg or 2.2 lb | 11.17 | 9.55 |
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| Banana, 1 kg or 2.2 lb | 1.36 | 1.32 |
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| Water, 1 L or 1 qt | 0.94 | 0.85 |
|---|
Other
| Item | Balboa | Colon (Panama) |
|---|
| Gym Membership, 1 month | 40.77 | 23.39 |
|---|
| Cinema Ticket, 1 person | 5.78 | 5.67 |
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| Doctors visit | 38.96 | 45.16 |
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| Haircut, simple | 10.97 | 6.51 |
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| Brand Jeans | 49.7 | 42.65 |
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| Brand Sneakers | 105.64 | 82.67 |
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| Daycare or Preschool, 1 month | 474.98 | 430.68 |
|---|
| International Primary School, 1 year | 8,474 | 7,967 |
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