Cost of living
Panama Province compared to Colon (Panama)
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Overview comparison
Panama ProvinceColon (Panama)
Consumer prices in Panama Province are roughly 9% higher than in Colon (Panama).
Cost of living
| Item | Panama Province | Colon (Panama) |
|---|
| Total with rent one person | 1,013 | 1,391 |
|---|
| Total with rent family | 2,751 | 3,133 |
|---|
| Without rent one person | 714 | 683 |
|---|
| Without rent one family | 1,944 | 1,537 |
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| Rent & Utilities person | 684.19 | 695.18 |
|---|
| Rent & Utilities family | 730.68 | 859.12 |
|---|
| Food person | 381 | 395 |
|---|
| Food family | 1,030 | 1,422 |
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| Transport person | 59.81 | 58.82 |
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| Transport family | 149.29 | 146.17 |
|---|
| Life expectancy | 83.75 years | 84.2 years |
|---|
Eating Out
| Item | Panama Province | Colon (Panama) |
|---|
| Lunch Menu | 13.13 | 13.95 |
|---|
| Dinner in a Restaurant, for 2 | 47.13 | 48.9 |
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| Fast food meal, equiv. McDonald's | 8 | 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 | 4.38 | 3.59 |
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| Pepsi / Coke, 0.5 L or 16.9 fl oz | 1.77 | 1.71 |
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Rent & Utilities
| Item | Panama Province | Colon (Panama) |
|---|
| 1 bedroom apartment in city Center, 40 m2 or 430 ft2 | 523.04 | 507.18 |
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| Cheap 1 bedroom apartment, 40 m2 or 430 ft2 | 475.34 | 482.32 |
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| 3 bedroom apartment in city Center, 80 m2 or 860 ft2 | 619.63 | 757.11 |
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| Cheap 3 bedroom apartment, 80 m2 or 860 ft2 | 481.46 | 518.98 |
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| Utility Bill one person, electricity, heating, water, etc. | 91.71 | 97.62 |
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| Utility Bill for a Family, electricity, heating, water, etc. | 137.09 | 183.74 |
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| Internet plan, 25 Mbps+ 1 month unlimited | 50.6 | 52.52 |
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Transportation
| Item | Panama Province | Colon (Panama) |
|---|
| Local transport ticket | 5.82 | 5.26 |
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| Monthly ticket local transport | 2,678 | 2,176 |
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| Taxi Ride, 8 km or 5 mi | 1,567 | 1,323 |
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| Gas / Petrol, 1 L or 0.26 gal | 0.46 | 0.39 |
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| Mortgage Interest Rate for 20 Years | 34.51% | 32.95% |
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| Apartment price to Buy in city Center, 1 m2 or 10 ft2 | 11.38 | 11.81 |
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| House price to Buy in Suburbs, 1 m2 or 10 ft2 | 1.2 | 1.02 |
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Groceries
| Item | Panama Province | Colon (Panama) |
|---|
| Milk, 1 L or 1 qt | 1.62 | 1.64 |
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| Bread, 0.5 kg or 1.1 lb | 2.39 | 1.99 |
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| Eggs, x12 | 2.95 | 2.79 |
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| Cheese, 1 kg or 2.2 lb | 11.18 | 10.3 |
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| Chicken Breast, 1 kg or 2.2 lb | 6.18 | 7.43 |
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| Round Steak, 1 kg or 2.2 lb | 11.94 | 9.55 |
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| Banana, 1 kg or 2.2 lb | 1.72 | 1.32 |
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| Water, 1 L or 1 qt | 1 | 0.85 |
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Other
| Item | Panama Province | Colon (Panama) |
|---|
| Gym Membership, 1 month | 29.54 | 23.39 |
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| Cinema Ticket, 1 person | 5.98 | 5.67 |
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| Doctors visit | 40.14 | 45.16 |
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| Haircut, simple | 5.77 | 6.51 |
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| Brand Jeans | 43.25 | 42.65 |
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| Brand Sneakers | 78.52 | 82.67 |
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| Daycare or Preschool, 1 month | 471.87 | 430.68 |
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| International Primary School, 1 year | 10,316 | 7,967 |
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