Bogota vs Panama City - Cost of Living Comparison

Updated:

Livingcost

Bogota Panama City
🚶 Cost of living one person
$1062
$1583
👨‍👩‍👧‍👦 Cost of living Family
$2605
$3567
🏠 One person rent
$494
$976
🏘️ Family rent
$863
$1633
🍽️ Food expenses
$304
$432
🚐 Transport expenses
$171
$69.1
💳 Monthly salary after tax
$488
$936
😷 Air quality
Moderate
Excellent
✈️ Airport proximity
13 km
7 km
🎓 Higher education
90
42
😀 Quality of life
65
69
🏙️ Population
8.03M
410K

The cost of living in Bogota is 33% less expensive than in Panama City. Cities ranked 5223rd and 3744th ($1062 vs $1583) 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 0.5 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 5180th and 4400th 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
$6.44
$10.6
🥂 Dinner in a Restaurant, for 2
$27.6
$45.3
🥪 Fast food meal, equiv. McDonald's
$8.11
$7.39
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$1.49
$2.97
☕ Cappuccino
$2.5
$3.94
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$1.1
$1.71
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$547
$1062
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$372
$794
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$978
$1911
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$685
$1347
🔌 Utility Bill one person, electricity, heating, water, etc.
$60.4
$82.5
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$92.9
$128
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$26.6
$45.4
🏦 Mortgage Interest Rate for 20 Years
12.46%
6.26%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$2208
$3048
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$1513
$1725
Transportation
🚌 Local transport ticket
$0.91
$0.35
🎟️ Monthly ticket local transport
$44.3
$22.2
🚕 Taxi Ride, 8 km or 5 mi
$13.1
$17.4
⛽ Gas / Petrol, 1 L or 0.26 gal
$1.16
$0.93
Groceries
🥛 Milk, 1 L or 1 qt
$1.39
$1.84
🍞 Bread, 0.5 kg or 1.1 lb
$1.47
$2.23
🍚 Rice, 1 kg or 2.2 lb
$1.28
$2.33
🥚 Eggs, x12
$2.62
$3.26
🧀 Cheese, 1 kg or 2.2 lb
$6.66
$11.2
🐔 Chicken Breast, 1 kg or 2.2 lb
$6.25
$6.57
🥩 Round Steak, 1 kg or 2.2 lb
$8.42
$9.64
🍏 Apples, 1 kg or 2.2 lb
$2.85
$3.53
🍌 Banana, 1 kg or 2.2 lb
$1.2
$1.62
🍊 Oranges, 1 kg or 2.2 lb
$1.69
$3.29
🍅 Tomato, 1 kg or 2.2 lb
$1.42
$3.03
🥔 Potato, 1 kg or 2.2 lb
$1.23
$2.46
🧅 Onion, 1 kg or 2.2 lb
$1.41
$3.74
🌊 Water, 1 L or 1 qt
$0.63
$1.16
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.18
$2.41
🍾 Wine (mid-priced), 750 mL bottle
$13.5
$11.6
🍺 Beer, 0.5 L or 16 fl oz
$1.18
$1.44
🚬 Cigarette pack
$3.1
$6.04
💊 Cold medicince, 1 week
$5.51
$8.16
🧴 Hair Shampoo
$5.96
$8.03
🧻 Toilet paper, 4 rolls
$2.24
$2.96
👄 Toothpaste, 1 tube
$2.02
$3.04
Other
🏋️ Gym Membership, 1 month
$27
$42.8
🎫 Cinema Ticket, 1 person
$4.94
$7.3
👩‍⚕️ Doctor's visit
$30
$50.2
💇 Haircut, simple
$9.58
$14.5
👖 Brand Jeans
$64.6
$53.6
👟 Brand Sneakers
$111
$91.3
👶 Daycare or Preschool, 1 month
$371
$503
🏫 International Primary School, 1 year
$9014
$13402

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
$919
39 km or 24 mi Facatativa
$777
46 km or 29 mi Zipaquira
$813
72 km or 44 mi Villavicencio
$575
88 km or 55 mi Girardot
$547
127 km or 79 mi Ibague
$529
130 km or 81 mi Tunja
$667
165 km or 102 mi Manizales
$717
166 km or 103 mi Salento
$709
176 km or 109 mi Sogamoso
$614
177 km or 110 mi Duitama
$1019
178 km or 110 mi Armenia
$719
181 km or 113 mi Pereira
$789
202 km or 126 mi Yopal
$750
205 km or 127 mi Cartago
$738
231 km or 144 mi Neiva
$592
241 km or 150 mi Envigado
$992
243 km or 151 mi Tulua
$537
246 km or 153 mi Medellin
$1071
252 km or 157 mi Bello
$915
274 km or 170 mi Barrancabermeja
$1040
274 km or 170 mi Palmira
$746
294 km or 182 mi Floridablanca
$744
298 km or 185 mi Bucaramanga
$754
301 km or 187 mi Cali
$829
311 km or 193 mi Quibdo
$757
338 km or 210 mi Buenaventura
$825
371 km or 230 mi Popayan
$606
375 km or 233 mi Florencia
$514
392 km or 244 mi Rubio
$673
399 km or 248 mi San Antonio del Tachira
$676
405 km or 252 mi Cucuta
$646
405 km or 252 mi San Cristobal
$687
411 km or 255 mi Tariba
$675
412 km or 256 mi Ocana
$732
454 km or 282 mi La Grita
$685
458 km or 285 mi Arauca
$724
472 km or 293 mi Guasdualito
$714
486 km or 302 mi Turbo
$764
503 km or 312 mi Monteria
$703

Cities near Panama City

Distance City Cost of living
8.1 km or 5 mi Balboa
$1425
16 km or 9.9 mi Tocumen
$1403
26 km or 16 mi Pacora
$1395
34 km or 21 mi La Chorrera
$977
59 km or 37 mi Colon
$1179
108 km or 67 mi Penonome
$1153
154 km or 96 mi Chitre
$1154
190 km or 118 mi Santiago de Veraguas
$1122
321 km or 199 mi Turbo
$764
329 km or 204 mi David
$922
398 km or 247 mi Monteria
$703
403 km or 250 mi Limon
$1332
406 km or 252 mi Santa Cruz de Lorica
$764
452 km or 281 mi Sincelejo
$572
463 km or 288 mi Cartagena
$1155
483 km or 300 mi Quibdo
$757
494 km or 307 mi Cartago
$1290
513 km or 319 mi San Jose
$1454
518 km or 322 mi Heredia
$1378
521 km or 324 mi Magangue
$707
526 km or 327 mi Bello
$915
529 km or 329 mi Alajuela
$1323
530 km or 329 mi Medellin
$1071
534 km or 332 mi Envigado
$992
558 km or 347 mi Soledad
$950
559 km or 348 mi Barranquilla
$909
595 km or 370 mi Puntarenas
$825
617 km or 383 mi Cartago
$738
617 km or 383 mi Cienaga
$874
623 km or 387 mi Manizales
$717
627 km or 390 mi Santa Teresa
$1273
627 km or 390 mi Pereira
$789
631 km or 392 mi Santa Marta
$971
632 km or 393 mi Buenaventura
$825
636 km or 395 mi Minca
$887
651 km or 404 mi Salento
$709
652 km or 405 mi Armenia
$719
657 km or 408 mi Tulua
$537
658 km or 409 mi Barrancabermeja
$1040
675 km or 419 mi Liberia
$957