Cost of living
Tocumen compared to Balboa
🏛️
Overview comparison
TocumenBalboa
Consumer prices in Tocumen are roughly 4% higher than in Balboa.
Cost of living
| Item | Tocumen | Balboa |
|---|
| Total with rent one person | 1,027 | 1,125 |
|---|
| Total with rent family | 2,739 | 3,088 |
|---|
| Without rent one person | 457 | 622 |
|---|
| Without rent one family | 1,895 | 1,589 |
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| Rent & Utilities person | 566.6 | 730.47 |
|---|
| Rent & Utilities family | 1,415.9 | 1,145.42 |
|---|
| Food person | 413 | 353 |
|---|
| Food family | 1,075 | 1,166 |
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| Transport person | 33.34 | 35.86 |
|---|
| Transport family | 120.79 | 100.33 |
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| Life expectancy | 76.12 years | 74.61 years |
|---|
Eating Out
| Item | Tocumen | Balboa |
|---|
| Lunch Menu | 4.3 | 9.89 |
|---|
| Dinner in a Restaurant, for 2 | 71.86 | 46.43 |
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| Fast food meal, equiv. McDonald's | 6.99 | 8.51 |
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| Beer in a Pub, 0.5 L or 16 fl oz | 2.54 | 2.97 |
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| Cappuccino | 3.03 | 4.26 |
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| Pepsi / Coke, 0.5 L or 16.9 fl oz | 2.08 | 1.59 |
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Rent & Utilities
| Item | Tocumen | Balboa |
|---|
| 1 bedroom apartment in city Center, 40 m2 or 430 ft2 | 699.42 | 901.86 |
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| Cheap 1 bedroom apartment, 40 m2 or 430 ft2 | 399.34 | 514.38 |
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| 3 bedroom apartment in city Center, 80 m2 or 860 ft2 | 1,525.37 | 1,404.29 |
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| Cheap 3 bedroom apartment, 80 m2 or 860 ft2 | 1,134.19 | 1,146.34 |
|---|
| Utility Bill one person, electricity, heating, water, etc. | 66.49 | 79.89 |
|---|
| Utility Bill for a Family, electricity, heating, water, etc. | 117.09 | 99.2 |
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| Internet plan, 25 Mbps+ 1 month unlimited | 41.55 | 57.61 |
|---|
Transportation
| Item | Tocumen | Balboa |
|---|
| Local transport ticket | 6.18 | 6.11 |
|---|
| Monthly ticket local transport | 1,932 | 2,398 |
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| Taxi Ride, 8 km or 5 mi | 1,351 | 1,492 |
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| Gas / Petrol, 1 L or 0.26 gal | 0.35 | 0.38 |
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| Mortgage Interest Rate for 20 Years | 23.31% | 31.42% |
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| Apartment price to Buy in city Center, 1 m2 or 10 ft2 | 19.32 | 12.79 |
|---|
| House price to Buy in Suburbs, 1 m2 or 10 ft2 | 1.13 | 0.94 |
|---|
Groceries
| Item | Tocumen | Balboa |
|---|
| Milk, 1 L or 1 qt | 1.66 | 1.43 |
|---|
| Bread, 0.5 kg or 1.1 lb | 2.45 | 1.93 |
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| Eggs, x12 | 2.34 | 2.63 |
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| Cheese, 1 kg or 2.2 lb | 14.21 | 13.53 |
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| Chicken Breast, 1 kg or 2.2 lb | 6.83 | 6.43 |
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| Round Steak, 1 kg or 2.2 lb | 8.76 | 11.17 |
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| Banana, 1 kg or 2.2 lb | 1.46 | 1.36 |
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| Water, 1 L or 1 qt | 0.98 | 0.94 |
|---|
Other
| Item | Tocumen | Balboa |
|---|
| Gym Membership, 1 month | 33.93 | 40.77 |
|---|
| Cinema Ticket, 1 person | 7.9 | 5.78 |
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| Doctors visit | 56.02 | 38.96 |
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| Haircut, simple | 11.69 | 10.97 |
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| Brand Jeans | 61.7 | 49.7 |
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| Brand Sneakers | 88.51 | 105.64 |
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| Daycare or Preschool, 1 month | 481.75 | 474.98 |
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| International Primary School, 1 year | 10,662 | 8,474 |
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