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