Cost of living
Panama compared to Colon (Panama)
🏛️
Overview comparison
PanamaColon (Panama)
Consumer prices in Panama are roughly 10% higher than in Colon (Panama).
Cost of living
| Item | Panama | Colon (Panama) |
|---|
| Total with rent one person | 1,234 | 1,391 |
|---|
| Total with rent family | 2,611 | 3,133 |
|---|
| Without rent one person | 517 | 683 |
|---|
| Without rent one family | 2,257 | 1,537 |
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| Rent & Utilities person | 546.21 | 695.18 |
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| Rent & Utilities family | 1,292.6 | 859.12 |
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| Food person | 444 | 395 |
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| Food family | 1,052 | 1,422 |
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| Transport person | 45.39 | 58.82 |
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| Transport family | 123.67 | 146.17 |
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| Life expectancy | 78.99 years | 84.2 years |
|---|
Eating Out
| Item | Panama | Colon (Panama) |
|---|
| Lunch Menu | 14.58 | 13.95 |
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| Dinner in a Restaurant, for 2 | 64.45 | 48.9 |
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| Fast food meal, equiv. McDonald's | 8.59 | 6.74 |
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| Beer in a Pub, 0.5 L or 16 fl oz | 3.55 | 3.24 |
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| Cappuccino | 3.42 | 3.59 |
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| Pepsi / Coke, 0.5 L or 16.9 fl oz | 2.1 | 1.71 |
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Rent & Utilities
| Item | Panama | Colon (Panama) |
|---|
| 1 bedroom apartment in city Center, 40 m2 or 430 ft2 | 662.07 | 507.18 |
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| Cheap 1 bedroom apartment, 40 m2 or 430 ft2 | 471.54 | 482.32 |
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| 3 bedroom apartment in city Center, 80 m2 or 860 ft2 | 1,646.52 | 757.11 |
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| Cheap 3 bedroom apartment, 80 m2 or 860 ft2 | 797.34 | 518.98 |
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| Utility Bill one person, electricity, heating, water, etc. | 76.6 | 97.62 |
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| Utility Bill for a Family, electricity, heating, water, etc. | 128.63 | 183.74 |
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| Internet plan, 25 Mbps+ 1 month unlimited | 49.06 | 52.52 |
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Transportation
| Item | Panama | Colon (Panama) |
|---|
| Local transport ticket | 6.93 | 5.26 |
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| Monthly ticket local transport | 2,377 | 2,176 |
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| Taxi Ride, 8 km or 5 mi | 1,753 | 1,323 |
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| Gas / Petrol, 1 L or 0.26 gal | 0.42 | 0.39 |
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| Mortgage Interest Rate for 20 Years | 33.86% | 32.95% |
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| Apartment price to Buy in city Center, 1 m2 or 10 ft2 | 17.27 | 11.81 |
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| House price to Buy in Suburbs, 1 m2 or 10 ft2 | 1.18 | 1.02 |
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Groceries
| Item | Panama | Colon (Panama) |
|---|
| Milk, 1 L or 1 qt | 1.85 | 1.64 |
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| Bread, 0.5 kg or 1.1 lb | 3.06 | 1.99 |
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| Eggs, x12 | 2.25 | 2.79 |
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| Cheese, 1 kg or 2.2 lb | 10.44 | 10.3 |
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| Chicken Breast, 1 kg or 2.2 lb | 6.74 | 7.43 |
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| Round Steak, 1 kg or 2.2 lb | 9.54 | 9.55 |
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| Banana, 1 kg or 2.2 lb | 1.37 | 1.32 |
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| Water, 1 L or 1 qt | 1.19 | 0.85 |
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Other
| Item | Panama | Colon (Panama) |
|---|
| Gym Membership, 1 month | 47.23 | 23.39 |
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| Cinema Ticket, 1 person | 7.57 | 5.67 |
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| Doctors visit | 45.55 | 45.16 |
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| Haircut, simple | 11.38 | 6.51 |
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| Brand Jeans | 43.44 | 42.65 |
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| Brand Sneakers | 103.69 | 82.67 |
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| Daycare or Preschool, 1 month | 360.67 | 430.68 |
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| International Primary School, 1 year | 8,660 | 7,967 |
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