Bogota vs Panama City - Cost of Living Comparison

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Livingcost

Bogota Panama City
🚶 Cost of living one person
$1106
$1590
👨‍👩‍👧‍👦 Cost of living Family
$2723
$3556
🏠 One person rent
$500
$946
🏘️ Family rent
$861
$1545
🍽️ Food expenses
$322
$439
🚐 Transport expenses
$184
$100
💳 Monthly salary after tax
$660
$973
😷 Air quality
Moderate
Excellent
✈️ Airport proximity
13 km
7 km
🎓 Higher education
90
42
😀 Quality of life
68
71
🏙️ Population
8.03M
1.54M

The cost of living in Bogota is 30% less expensive than in Panama City. Cities ranked 4996th and 3634th ($1106 vs $1590) in the list of the most expensive cities in the world and ranked 3rd and 1st in Colombia and Panama, respectively. Check Colombia vs Panama comparison.

The average after-tax salary is enough to cover living expenses for 0.6 months in Bogota compared to 0.6 months in Panama City. Bogota ranked 1st best city to live in Colombia vs Panama City ranked 1st in Panama, while ranked 4429th and 3213th among best cities to live in the world.

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Prices in Bogota vs Panama City

Prices for goods and services in Bogota and Panama City are partly crowdsourced by our visitors, just like yourself. Please consider telling us about your city.

Bogota Panama City
Eating Out
🍱 Lunch Menu
$7.13
$9.69
🥂 Dinner in a Restaurant, for 2
$32.1
$45.4
🥪 Fast food meal, equiv. McDonald's
$8.48
$8.03
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$1.67
$2.93
☕ Cappuccino
$2.81
$4.3
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$1.21
$1.82
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$563
$1068
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$369
$747
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$1001
$1913
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$668
$1223
🔌 Utility Bill one person, electricity, heating, water, etc.
$65.2
$90.4
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$99.8
$140
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$26.5
$44.6
🏦 Mortgage Interest Rate for 20 Years
12.74%
6.27%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$2388
$3111
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$1743
$1732
Transportation
🚌 Local transport ticket
$0.97
$0.35
🎟️ Monthly ticket local transport
$45.2
$22.5
🚕 Taxi Ride, 8 km or 5 mi
$15
$14.7
⛽ Gas / Petrol, 1 L or 0.26 gal
$1.15
$0.98
Groceries
🥛 Milk, 1 L or 1 qt
$1.43
$1.83
🍞 Bread, 0.5 kg or 1.1 lb
$1.57
$2.17
🍚 Rice, 1 kg or 2.2 lb
$1.3
$2.34
🥚 Eggs, x12
$2.9
$3.11
🧀 Cheese, 1 kg or 2.2 lb
$6.7
$12.1
🐔 Chicken Breast, 1 kg or 2.2 lb
$6.16
$7.11
🥩 Round Steak, 1 kg or 2.2 lb
$8.89
$10.6
🍏 Apples, 1 kg or 2.2 lb
$2.87
$3.56
🍌 Banana, 1 kg or 2.2 lb
$1.29
$1.54
🍊 Oranges, 1 kg or 2.2 lb
$1.7
$3.7
🍅 Tomato, 1 kg or 2.2 lb
$1.4
$3.36
🥔 Potato, 1 kg or 2.2 lb
$1.23
$2.62
🧅 Onion, 1 kg or 2.2 lb
$1.43
$3.19
🌊 Water, 1 L or 1 qt
$0.68
$1.24
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$1.95
$2.37
🍾 Wine (mid-priced), 750 mL bottle
$13.4
$12.1
🍺 Beer, 0.5 L or 16 fl oz
$1.2
$1.35
🚬 Cigarette pack
$3.39
$5.95
💊 Cold medicince, 1 week
$6.29
$8.08
🧴 Hair Shampoo
$6.91
$7.95
🧻 Toilet paper, 4 rolls
$2.28
$2.92
👄 Toothpaste, 1 tube
$2.27
$3.05
Other
🏋️ Gym Membership, 1 month
$30.7
$41.9
🎫 Cinema Ticket, 1 person
$5.73
$7.52
👩‍⚕️ Doctor's visit
$34.3
$42.9
💇 Haircut, simple
$11
$14.5
👖 Brand Jeans
$65.6
$58.4
👟 Brand Sneakers
$115
$90.7
👶 Daycare or Preschool, 1 month
$419
$505
🏫 International Primary School, 1 year
$8706
$11486

Cost of living in other countries

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Cost of Living in the nearest cities

Cities near Bogota

Distance City Cost of living
16 km or 10 mi Soacha
$958
39 km or 24 mi Facatativa
$816
46 km or 29 mi Zipaquira
$858
72 km or 44 mi Villavicencio
$593
88 km or 55 mi Girardot
$559
127 km or 79 mi Ibague
$537
130 km or 81 mi Tunja
$680
165 km or 102 mi Manizales
$737
166 km or 103 mi Salento
$749
176 km or 109 mi Sogamoso
$630
177 km or 110 mi Duitama
$1045
178 km or 110 mi Armenia
$749
181 km or 113 mi Pereira
$862
202 km or 126 mi Yopal
$740
205 km or 127 mi Cartago
$769
231 km or 144 mi Neiva
$606
241 km or 150 mi Envigado
$1041
243 km or 151 mi Tulua
$563
246 km or 153 mi Medellin
$1162
252 km or 157 mi Bello
$1012
274 km or 170 mi Barrancabermeja
$1001
274 km or 170 mi Palmira
$788
294 km or 182 mi Floridablanca
$795
298 km or 185 mi Bucaramanga
$816
301 km or 187 mi Cali
$850
311 km or 193 mi Quibdo
$802
338 km or 210 mi Buenaventura
$856
371 km or 230 mi Popayan
$631
375 km or 233 mi Florencia
$524
392 km or 244 mi Rubio
$678
399 km or 248 mi San Antonio del Tachira
$678
405 km or 252 mi Cucuta
$674
405 km or 252 mi San Cristobal
$685
411 km or 255 mi Tariba
$678
412 km or 256 mi Ocana
$765
454 km or 282 mi La Grita
$687
458 km or 285 mi Arauca
$755
472 km or 293 mi Guasdualito
$725
486 km or 302 mi Turbo
$797
503 km or 312 mi Monteria
$733

Cities near Panama City

Distance City Cost of living
8.1 km or 5 mi Balboa
$1396
16 km or 9.9 mi Tocumen
$1373
26 km or 16 mi Pacora
$1361
34 km or 21 mi La Chorrera
$982
59 km or 37 mi Colon
$1185
108 km or 67 mi Penonome
$1147
154 km or 96 mi Chitre
$1144
190 km or 118 mi Santiago de Veraguas
$1112
321 km or 199 mi Turbo
$797
329 km or 204 mi David
$909
398 km or 247 mi Monteria
$733
403 km or 250 mi Limon
$1228
406 km or 252 mi Santa Cruz de Lorica
$789
452 km or 281 mi Sincelejo
$586
463 km or 288 mi Cartagena
$1186
483 km or 300 mi Quibdo
$802
494 km or 307 mi Cartago
$1361
513 km or 319 mi San Jose
$1574
518 km or 322 mi Heredia
$1471
521 km or 324 mi Magangue
$727
526 km or 327 mi Bello
$1012
529 km or 329 mi Alajuela
$1362
530 km or 329 mi Medellin
$1162
534 km or 332 mi Envigado
$1041
558 km or 347 mi Soledad
$967
559 km or 348 mi Barranquilla
$931
595 km or 370 mi Puntarenas
$872
617 km or 383 mi Cartago
$769
617 km or 383 mi Cienaga
$882
623 km or 387 mi Manizales
$737
627 km or 390 mi Santa Teresa
$1325
627 km or 390 mi Pereira
$862
631 km or 392 mi Santa Marta
$973
632 km or 393 mi Buenaventura
$856
636 km or 395 mi Minca
$891
651 km or 404 mi Salento
$749
652 km or 405 mi Armenia
$749
657 km or 408 mi Tulua
$563
658 km or 409 mi Barrancabermeja
$1001
675 km or 419 mi Liberia
$1024