Cost of living
Panama City (Panama) compared to Colon (Panama)
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Overview comparison
Panama City (Panama)Colon (Panama)
Consumer prices in Panama City (Panama) are roughly 18% higher than in Colon (Panama).
Cost of living
| Item | Panama City (Panama) | Colon (Panama) |
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| Total with rent one person | 1,638 | 1,391 |
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| Total with rent family | 3,596 | 3,133 |
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| Without rent one person | 704 | 683 |
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| Without rent one family | 1,918 | 1,537 |
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| Rent & Utilities person | 843.13 | 695.18 |
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| Rent & Utilities family | 1,715.82 | 859.12 |
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| Food person | 437 | 395 |
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| Food family | 1,296 | 1,422 |
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| Transport person | 75 | 58.82 |
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| Transport family | 245.29 | 146.17 |
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| Life expectancy | 70.34 years | 84.2 years |
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Eating Out
| Item | Panama City (Panama) | Colon (Panama) |
|---|
| Lunch Menu | 9.63 | 13.95 |
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| Dinner in a Restaurant, for 2 | 43.56 | 48.9 |
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| Fast food meal, equiv. McDonald's | 7.98 | 6.74 |
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| Beer in a Pub, 0.5 L or 16 fl oz | 3.56 | 3.24 |
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| Cappuccino | 4.06 | 3.59 |
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| Pepsi / Coke, 0.5 L or 16.9 fl oz | 1.58 | 1.71 |
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Rent & Utilities
| Item | Panama City (Panama) | Colon (Panama) |
|---|
| 1 bedroom apartment in city Center, 40 m2 or 430 ft2 | 756.23 | 507.18 |
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| Cheap 1 bedroom apartment, 40 m2 or 430 ft2 | 582.27 | 482.32 |
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| 3 bedroom apartment in city Center, 80 m2 or 860 ft2 | 1,782.62 | 757.11 |
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| Cheap 3 bedroom apartment, 80 m2 or 860 ft2 | 1,107.26 | 518.98 |
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| Utility Bill one person, electricity, heating, water, etc. | 66.1 | 97.62 |
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| Utility Bill for a Family, electricity, heating, water, etc. | 143.25 | 183.74 |
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| Internet plan, 25 Mbps+ 1 month unlimited | 47.31 | 52.52 |
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Transportation
| Item | Panama City (Panama) | Colon (Panama) |
|---|
| Local transport ticket | 6.84 | 5.26 |
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| Monthly ticket local transport | 2,670 | 2,176 |
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| Taxi Ride, 8 km or 5 mi | 1,395 | 1,323 |
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| Gas / Petrol, 1 L or 0.26 gal | 0.31 | 0.39 |
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| Mortgage Interest Rate for 20 Years | 26.33% | 32.95% |
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| Apartment price to Buy in city Center, 1 m2 or 10 ft2 | 12.38 | 11.81 |
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| House price to Buy in Suburbs, 1 m2 or 10 ft2 | 0.93 | 1.02 |
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Groceries
| Item | Panama City (Panama) | Colon (Panama) |
|---|
| Milk, 1 L or 1 qt | 1.44 | 1.64 |
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| Bread, 0.5 kg or 1.1 lb | 1.69 | 1.99 |
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| Eggs, x12 | 2.51 | 2.79 |
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| Cheese, 1 kg or 2.2 lb | 14.6 | 10.3 |
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| Chicken Breast, 1 kg or 2.2 lb | 7.11 | 7.43 |
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| Round Steak, 1 kg or 2.2 lb | 8.98 | 9.55 |
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| Banana, 1 kg or 2.2 lb | 1.32 | 1.32 |
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| Water, 1 L or 1 qt | 1.01 | 0.85 |
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Other
| Item | Panama City (Panama) | Colon (Panama) |
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| Gym Membership, 1 month | 47.39 | 23.39 |
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| Cinema Ticket, 1 person | 7.28 | 5.67 |
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| Doctors visit | 50.48 | 45.16 |
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| Haircut, simple | 12.21 | 6.51 |
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| Brand Jeans | 56.45 | 42.65 |
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| Brand Sneakers | 92.06 | 82.67 |
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| Daycare or Preschool, 1 month | 519.33 | 430.68 |
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| International Primary School, 1 year | 8,740 | 7,967 |
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