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  3. Cost of Living & Prices: Colombia vs. Panama

Cost of Living & Prices:
Colombia vs. Panama

Compare the cost of living and prices of goods and services, such as consumer goods prices, housing costs, average wages and more, to learn about differences and similarities between countries.

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Table of contents

Grocery

EURUSDCOP

Colombia vs. Panama - grocery purchase prices. You would pay on average 1.25 times less for grocery shopping in Colombia than in Panama.

Apples (1kg)

One kilogram of apples costs 1.94 EUR (2.18 USD) in Colombia and 2.7 EUR (3.04 USD) in Panama. The price of this product is 28.1% lower in Colombia.

1.94 EUR
2.70 EUR

Banana (1kg)

1 kilogram of bananas costs 0.8 EUR (0.9 USD) in Colombia and 1.13 EUR (1.27 USD) in Panama. The price of this product is 29.2% lower in Colombia.

0.80 EUR
1.13 EUR

Beef Round (1kg) (or Equivalent Back Leg Red Meat)

One kilogram of beef or similar meat costs 6.11 EUR (6.87 USD) in Colombia and 7.22 EUR (8.12 USD) in Panama. The price of this product is 15.4% lower in Colombia.

6.11 EUR
7.22 EUR

Bottle of Wine (Mid-Range)

A bottle of medium-grade wine costs 8.49 EUR (9.55 USD) in Colombia and 8 EUR (9 USD) in Panama. The price of this product is 5.8% lower in Panama.

8.49 EUR
8.00 EUR

Chicken Fillets (1kg)

One kilogram of chicken fillet costs 3.76 EUR (4.23 USD) in Colombia and 6.03 EUR (6.78 USD) in Panama. The price of this product is 37.6% lower in Colombia.

3.76 EUR
6.03 EUR

Cigarettes 20 Pack (Marlboro)

A pack of 20 cigarettes costs 1.7 EUR (1.91 USD) in Colombia and 5.14 EUR (5.78 USD) in Panama. The price of this product is 66.9% lower in Colombia.

1.70 EUR
5.14 EUR

Domestic Beer (0.5 liter bottle)

Domestic beer in a 0.5 liter bottle costs 0.77 EUR (0.86 USD) in Colombia and 1.01 EUR (1.14 USD) in Panama. The price of this product is 23.8% lower in Colombia.

0.77 EUR
1.01 EUR

Eggs (regular) (12)

You will pay 1.66 EUR (1.86 USD) for 12 eggs in Colombia and 1.9 EUR (2.14 USD) in Panama. The price of this product is 12.6% lower in Colombia.

1.66 EUR
1.90 EUR

Imported Beer (0.33 liter bottle)

A 0.33 liter bottle of imported beer costs 1.42 EUR (1.59 USD) in Colombia and 1.57 EUR (1.76 USD) in Panama. The price of this product is 9.6% lower in Colombia.

1.42 EUR
1.57 EUR

Johnnie Walker Red Label Whisky 0.7 Litre

A 0.7 liter bottle of Johnnie Walker Red Label whiskey costs 16.83 EUR (18.93 USD) in Colombia and 20.04 EUR (22.54 USD) in Panama. The price of this product is 16% lower in Colombia.

16.83 EUR
20.04 EUR

Lettuce (1 head)

One head of lettuce costs 0.57 EUR (0.64 USD) in Colombia and 1.69 EUR (1.9 USD) in Panama. The price of this product is 66.3% lower in Colombia.

0.57 EUR
1.69 EUR

Loaf of Fresh White Bread (500g)

One loaf of fresh white bread costs 1.07 EUR (1.21 USD) in Colombia and 1.95 EUR (2.19 USD) in Panama. The price of this product is 45.1% lower in Colombia.

1.07 EUR
1.95 EUR

Local Cheese (1kg)

One kilogram of locally produced cheese costs 4.45 EUR (5.01 USD) in Colombia and 8.65 EUR (9.73 USD) in Panama. The price of this product is 48.6% lower in Colombia.

4.45 EUR
8.65 EUR

Milk (regular), (1 liter)

One liter of milk costs 0.93 EUR (1.04 USD) in Colombia and 1.43 EUR (1.61 USD) in Panama. The price of this product is 35% lower in Colombia.

0.93 EUR
1.43 EUR

Onion (1kg)

One kilogram of onions costs 0.74 EUR (0.83 USD) in Colombia and 1.73 EUR (1.95 USD) in Panama. The price of this product is 57.2% lower in Colombia.

0.74 EUR
1.73 EUR

Oranges (1kg)

One kilogram of oranges costs 0.98 EUR (1.1 USD) in Colombia and 2.31 EUR (2.6 USD) in Panama. The price of this product is 57.6% lower in Colombia.

0.98 EUR
2.31 EUR

Potato (1kg)

One kilogram of potatoes costs 0.81 EUR (0.91 USD) in Colombia and 1.73 EUR (1.95 USD) in Panama. The price of this product is 53.2% lower in Colombia.

0.81 EUR
1.73 EUR

Rice (white), (1kg)

One kilogram of white rice costs 0.92 EUR (1.03 USD) in Colombia and 1.61 EUR (1.81 USD) in Panama. The price of this product is 42.9% lower in Colombia.

0.92 EUR
1.61 EUR

Smirnoff Red Label Vodka 0.7 Litre

A 0.7 liter bottle of Smirnoff Red Label vodka costs 15.05 EUR (16.92 USD) in Colombia and 8.73 EUR (9.82 USD) in Panama. The price of this product is 42% lower in Panama.

15.05 EUR
8.73 EUR

Tomato (1kg)

One kilogram of tomatoes costs 0.99 EUR (1.12 USD) in Colombia and 2.61 EUR (2.93 USD) in Panama. The price of this product is 62.1% lower in Colombia.

0.99 EUR
2.61 EUR

Water (1.5 liter bottle)

A 1.5 liter bottle of water costs 0.59 EUR (0.66 USD) in Colombia and 1.33 EUR (1.5 USD) in Panama. The price of this product is 55.6% lower in Colombia.

0.59 EUR
1.33 EUR

Restaurant

EURUSDCOP

Colombia vs. Panama - expenses on meals in restaurants. You would pay 2.08 times less for meals in restaurants in Colombia than in Panama.

Cappuccino (regular)

For a cappuccino in a restaurant, you'll pay 1.17 EUR (1.32 USD) in Colombia and 2.93 EUR (3.29 USD) in Panama. The price of this product is 60.1% lower in Colombia.

1.17 EUR
2.93 EUR

Coke/Pepsi (0.33 liter bottle)

A 0.33 liter bottle of Coca-Cola or Pepsi costs 0.62 EUR (0.7 USD) in Colombia and 1.35 EUR (1.52 USD) in Panama. The price of this product is 54.1% lower in Colombia.

0.62 EUR
1.35 EUR

Domestic Beer (0.5 liter draught)

Domestic beer with a capacity of 0.5 liters costs 1.06 EUR (1.19 USD) in Colombia and 1.78 EUR (2 USD) in Panama. The price of this product is 40.4% lower in Colombia.

1.06 EUR
1.78 EUR

Imported Beer (0.33 liter bottle)

A 0.33 liter bottle of imported beer costs 2.02 EUR (2.27 USD) in Colombia and 3.11 EUR (3.5 USD) in Panama. The price of this product is 35% lower in Colombia.

2.02 EUR
3.11 EUR

McMeal at McDonalds (or Equivalent Combo Meal)

A McMeal or similar meal at McDonald's costs 5.09 EUR (5.73 USD) in Colombia and 6.22 EUR (7 USD) in Panama. The price of this product is 18.2% lower in Colombia.

5.09 EUR
6.22 EUR

Meal for 2 People, Mid-range Restaurant, Three-course

A three-course meal for two people at a mid-range restaurant costs 19.11 EUR (21.48 USD) in Colombia and 44.46 EUR (50 USD) in Panama. The price of this product is 57% lower in Colombia.

19.11 EUR
44.46 EUR

Meal, Inexpensive Restaurant

A meal at an inexpensive restaurant costs 3.18 EUR (3.58 USD) in Colombia and 7.11 EUR (8 USD) in Panama. The price of this product is 55.3% lower in Colombia.

3.18 EUR
7.11 EUR

Water (0.33 liter bottle)

A 0.33 liter bottle of water costs 0.5 EUR (0.56 USD) in Colombia and 1.06 EUR (1.19 USD) in Panama. The price of this product is 52.8% lower in Colombia.

0.50 EUR
1.06 EUR

Fuel

EURUSDCOP

Colombia vs. Panama - expenses related to fuel. You would pay 1.09 times less for fuel in Colombia than in Panama.

Diesel 1L

A liter of diesel costs 0.56 EUR (0.63 USD) in Colombia and 0.73 EUR (0.82 USD) in Panama. The price of this product is 23.3% lower in Colombia.

0.56 EUR
0.73 EUR

Gasoline 1L

A liter of gasoline costs 0.88 EUR (0.99 USD) in Colombia and 0.84 EUR (0.94 USD) in Panama. The price of this product is 4.5% lower in Panama.

0.88 EUR
0.84 EUR

Transportation

EURUSDCOP

Colombia vs. Panama - costs of transportation and public communication. You would pay 1.28 times less for transportation in Colombia than in Panama.

Monthly Pass (Regular Price)

The monthly ticket price for public transportation is 29.54 EUR (33.21 USD) in Colombia and 26.68 EUR (30 USD) in Panama. The price of this product is 9.7% lower in Panama.

29.54 EUR
26.68 EUR

One-way Ticket (Local Transport)

The one-way ticket price for local transportation is 0.58 EUR (0.66 USD) in Colombia and 0.31 EUR (0.35 USD) in Panama. The price of this product is 46.6% lower in Panama.

0.58 EUR
0.31 EUR

Taxi 1hour Waiting (Normal Tariff)

The cost of a one-hour taxi stand/wait is 5.26 EUR (5.91 USD) in Colombia and 17.79 EUR (20 USD) in Panama. The price of this product is 70.4% lower in Colombia.

5.26 EUR
17.79 EUR

Taxi 1km (Normal Tariff)

The fare for each kilometer traveled is 1.43 EUR (1.61 USD) in Colombia and 1.78 EUR (2 USD) in Panama. The price of this product is 19.7% lower in Colombia.

1.43 EUR
1.78 EUR

Taxi Start (Normal Tariff)

The initial fare during a taxi ride is 1.06 EUR (1.19 USD) in Colombia and 1.78 EUR (2 USD) in Panama. The price of this product is 40.4% lower in Colombia.

1.06 EUR
1.78 EUR

Sports & entertainment

EURUSDCOP

Colombia vs. Panama - costs related to entertainment and sports.

Cinema, International Release, 1 Seat

The ticket price for a foreign film in the cinema is 3.4 EUR (3.82 USD) in Colombia and 5.34 EUR (6 USD) in Panama. The price of this product is 36.3% lower in Colombia.

3.40 EUR
5.34 EUR

Fitness Club, Monthly Fee for 1 Adult

The monthly fee for entry to the fitness club is 17.77 EUR (19.98 USD) in Colombia and 40.99 EUR (46.09 USD) in Panama. The price of this product is 56.6% lower in Colombia.

17.77 EUR
40.99 EUR

Tennis Court Rent (1 Hour on Weekend)

The cost of renting a tennis court for one hour on the weekend is 8.16 EUR (9.18 USD) in Colombia and 24.29 EUR (27.31 USD) in Panama. The price of this product is 66.4% lower in Colombia.

8.16 EUR
24.29 EUR

Flats for rent

EURUSDCOP

Colombia vs. Panama - costs of renting an apartment. You would pay about 1.84 times less for renting an apartment in Colombia than in Panama.

Apartment (1 bedroom) in City Centre

For renting an apartment in the city center consisting of a living room and one bedroom, you will pay 329.91 EUR (370.98 USD) in Colombia and 691.54 EUR (777.64 USD) in Panama. The price of this product is 52.3% lower in Colombia.

329.91 EUR
691.54 EUR

Apartment (1 bedroom) Outside of Centre

For renting an apartment outside the city center consisting of a living room and one bedroom, you will pay 250.69 EUR (281.9 USD) in Colombia and 408.06 EUR (458.86 USD) in Panama. The price of this product is 38.6% lower in Colombia.

250.69 EUR
408.06 EUR

Apartment (3 bedrooms) in City Centre

For renting an apartment in the city center consisting of a living room and three bedrooms, you will pay 650.37 EUR (731.34 USD) in Colombia and 1295 EUR (1456.58 USD) in Panama. The price of this product is 49.8% lower in Colombia.

650.37 EUR
1 295 EUR

Apartment (3 bedrooms) Outside of Centre

For renting an apartment outside the city center consisting of a living room and three bedrooms, you will pay 470.17 EUR (528.71 USD) in Colombia and 738.78 EUR (830.76 USD) in Panama. The price of this product is 36.4% lower in Colombia.

470.17 EUR
738.78 EUR

Flats for sale

EURUSDCOP

Colombia vs. Panama - costs of purchasing an apartment. You would pay 1.1 times less for buying an apartment in Colombia than in Panama.

Price per Square Meter to Buy Apartment in City Centre

For one square meter of an apartment in the city center you will pay 1474 EUR (1657.8 USD) in Colombia and 1813 EUR (2038.66 USD) in Panama. The price of this product is 18.7% lower in Colombia.

1 474 EUR
1 813 EUR

Price per Square Meter to Buy Apartment Outside of Centre

For one square meter of an apartment outside the city center, you will pay 1151 EUR (1294.28 USD) in Colombia and 1077 EUR (1210.68 USD) in Panama. The price of this product is 6.4% lower in Panama.

1 151 EUR
1 077 EUR

Salary

EURUSDCOP

Colombia vs. Panama - average salary. The average salary in Colombia is 2.18 times lower than in Panama.

Average Monthly Net Salary (After Tax)

The average monthly salary after taxes is 309.39 EUR (347.91 USD) in Colombia and 673.49 EUR (757.34 USD) in Panama. The average salary is 54.1% lower in Colombia.

309.39 EUR
673.49 EUR

Hotels

EURUSDCOP

Colombia vs. Panama - prices of accommodation in hostels, guesthouses, and hotels.

One star

26.3 EUR
49.3 EUR

Two stars

54.7 EUR
105 EUR

Three stars

89.6 EUR
156 EUR

Four stars

154 EUR
155 EUR

Five stars

491 EUR
264 EUR

Average accommodation prices based on Expedia.com data • Update: 15 Dec 2024 (1 night stay for 2 people on 29 Dec 2024) • Colombia: 20 cities, 1024 hotels • Panama: 6 cities, 124 hotels

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