Last update: Nov 2026

Cost of Living Comparison Between Panama City, FL and Bogota

For one person, living is cheaper in Bogota: $1,387 a month against $2,281 in Panama City, FL, rent and utilities included – about $10,700 less a year. Rent and utilities account for most of the difference.

109

Cost of Living Index in Panama City, FL
Learn more

Panama City, FL Living Index
67

Cost of Living Index in Bogota
Learn more

Bogota Living Index

Jump to prices

Panama City, FL

🇺🇸 United States

$2,281

/mo nomad

Bogota

🇨🇴 Colombia

$1,387

/mo nomad

Monthly Cost of Living

How much you'll spend in Panama City, FL and in Bogota

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Panama City, FL and in Bogota actually costs, broken down by who's living it.

A single person spends $2,281 per month in Panama City, FL vs $1,387 in Bogota, rent included.

Panama City, FL $2,281
Bogota $1,387

A couple spends around $3,192 per month in Panama City, FL vs $2,151 in Bogota, rent included.

Panama City, FL $3,192
Bogota $2,151

A family of three spends $4,103 per month in Panama City, FL vs $2,915 in Bogota, rent included.

Panama City, FL $4,103
Bogota $2,915

Panama City, FL costs about 64% more than Bogota, and outside of rent the biggest gap is in eating out.

Both Panama City, FL and Bogota sit above the global median – Panama City, FL by 69%, Bogota by 3%.

Meal at Budget Restaurant

$18.45 $18.45

$7.94 COP 25.6K

132.37%

Three-Course Dinner for Two, Mid-Range

$54.4 $54.4

$42.83 COP 138.3K

26.97%

Fast Food Meal (McDonalds, etc)

$11.81 $11.81

$10.81 COP 34.9K

9.25%

Cappuccino

$5.41 $5.41

$2.47 COP 7,986

119.03%

Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)

$2.95 $2.95

$1.34 COP 4,342

120.15%

Water (0.33 liter bottle)

$1.64 $1.64

$0.85 COP 2,734

92.94%

Local Beer (0.5 liter draught)

$5.14 $5.14

$2.39 COP 7,725

115.06%

Imported Beer (0.33 liter bottle)

$6.85 $6.85

$4.83 COP 15.6K

41.82%

Milk (1 liter)

$0.83 $0.83

$1.63 COP 5,265

-49.08%

White Bread (500g)

$3.52 $3.52

$2.33 COP 7,508

51.07%

Rice (white) (1kg)

$2.73 $2.73

$1.81 COP 5,836

50.83%

Eggs

$3.15 $3.15

$3.52 COP 11.4K

-10.51%

Local Cheese (1kg)

$10.62 $10.62

$7.84 COP 25.3K

35.46%

Chicken Fillets (1kg)

$11.48 $11.48

$7.62 COP 24.6K

50.66%

Beef Round Steak (1kg)

$14.53 $14.53

$10.66 COP 34.4K

36.30%

Apples (1kg)

$4.14 $4.14

$3.49 COP 11.3K

18.62%

Banana (1kg)

$1.52 $1.52

$1.76 COP 5,689

-13.64%

Oranges (1kg)

$2.72 $2.72

$1.92 COP 6,184

41.67%

Tomato (1kg)

$4.18 $4.18

$1.89 COP 6,115

121.16%

Potato (1kg)

$3.10 $3.10

$1.41 COP 4,553

119.86%

Onion (1kg)

$2.87 $2.87

$1.43 COP 4,616

100.70%

Lettuce (1 head)

$2.10 $2.10

$1.26 COP 4,074

66.67%

Water (1.5 liter bottle)

$2.21 $2.21

$1.15 COP 3,729

92.17%

Cigarettes 20 Pack (Marlboro, Camel)

$9.28 $9.28

$4.43 COP 14.3K

109.48%

Wine (Bottle)

$11.94 $11.94

$12.31 COP 39.8K

-3.01%

Local Beer (0.5 liter bottle)

$1.68 $1.68

$1.48 COP 4,782

13.51%

Imported Beer (0.33 liter bottle)

$3.77 $3.77

$3.22 COP 10.4K

17.08%

One-way Ticket (Public Transport)

$1.47 $1.47

$1.08 COP 3,483

36.11%

Public Transport Monthly Pass (Regular Price)

$34.84 $34.84

$50.2 COP 162.1K

-30.60%

Taxi Start (Normal Tariff)

$2.45 $2.45

$2.02 COP 6,538

21.29%

Taxi (Normal Tariff) (1km)

$1.51 $1.51

$2.54 COP 8,213

-40.55%

Taxi 1hour Waiting (Normal Tariff)

$26.29 $26.29

$7.49 COP 24.2K

251.00%

Gasoline (1 liter)

$0.92 $0.92

$1.28 COP 4,135

-28.13%

Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)

$27.6K $27.6K

$34.1K COP 110.0M

-18.89%

Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)

$26.3K $26.3K

$34.9K COP 112.5M

-24.40%

Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)

$174 $174

$127 COP 411.0K

36.80%

SIM Card Monthly Plan (Calls and 10GB+ Data)

$43.20 $43.20

$16.31 COP 52.7K

164.87%

Internet (50+ Mbps, Unlimited Data)

$59.7 $59.7

$30.21 COP 97.5K

97.52%

Gym Membership (Monthly)

$23.83 $23.83

$33.56 COP 108.4K

-28.99%

Tennis Court (1 Hour on Weekend)

$15.03 COP 48.5K

Cinema Ticket

$13.22 $13.22

$7.62 COP 24.6K

73.49%

Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)

$590 $590

$557 COP 1.8M

5.91%

International Primary School, 1 Child (Yearly)

$11.1K $11.1K

$13.1K COP 42.2M

-14.64%

Jeans (Levis 501 Or Similar)

$48.70 $48.70

$85.1 COP 274.7K

-42.75%

Summer Dress (H&M, Zara, etc)

$39.96 $39.96

$48.17 COP 155.5K

-17.04%

Sport Shoes (Adidas, Nike)

$84.1 $84.1

$139 COP 448.6K

-39.43%

Men's Leather Business Shoes

$96.5 $96.5

$108 COP 347.1K

-10.26%

1-bedroom Apartment, City Center (Monthly)

$921 $921

$730 COP 2.4M

26.11%

1-bedroom Apartment, Outside City Center (Monthly)

$1,125 $1,125

$504 COP 1.6M

123.22%

3-bedroom Apartment, City Center (Monthly)

$1,641 $1,641

$1,438 COP 4.6M

14.08%

3-bedroom Apartment, Outside City Center (Monthly)

$1,615 $1,615

$963 COP 3.1M

67.68%

Buy Apartment in City Center (m2)

$3,277 $3,277

$2,946 COP 9.5M

11.26%

Buy Apartment Outside City Center (m2)

$2,762 $2,762

$2,250 COP 7.3M

22.78%

Average Monthly Net Salary (After Tax)

$3,957 $3,957

$811 COP 2.6M

388.05%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.57

12.81

-48.71%

CityCost data is based on AI and user input – minor inaccuracies may occur.

Last update for Panama City, FL: November 2, 2026

Last update for Bogota: November 3, 2026

Monthly budget structure

Share of the monthly basket for one person, rent included.

Accommodation & Living

Panama City, FL

$1.1K 49.3%

Bogota

$504 36.4% 55.2% $621

Groceries & Markets

Panama City, FL

$351 15.4%

Bogota

$264 19% 24.8% $87

Eating Out

Panama City, FL

$306 13.4%

Bogota

$156 11.3% 49% $150

Monthly Utilities & Internet

Panama City, FL

$277 12.1%

Bogota

$174 12.5% 37.3% $103

Clothing & Footwear

Panama City, FL

$121 5.3%

Bogota

$171 12.3% 41% $50

Getting Around

Panama City, FL

$51 2.2%

Bogota

$69 5% 36.6% $19

Sport & Entertainment

Panama City, FL

$50 2.2%

Bogota

$49 3.5% 2.9% $1.5

Cost Breakdown

A central one-bedroom costs $921 in Panama City, FL versus $730 in Bogota. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

Salaries in Panama City, FL are about 4.9 times higher. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $54 in Panama City, FL versus $43 in Bogota. Monthly groceries follow the same trend: $351 vs $264 – making Bogota the more affordable choice for daily food spending.

Good to know

🇺🇸 Panama City, FL

🇨🇴 Bogota

🕒 Local time

20:19 8:19 PM

21:19 9:19 PM

1 h ahead of Panama City, FL

🌤 Weather

👥 Population

36,484

8,181,047 Capital

💱 Currency

United States Dollar USD $

Colombian Peso COP $

📈 Exchange rate

1 USD = 0.895 EUR

10,000 COP = 3.1 USD

10,000 COP = 2.77 EUR

Exchange rates and currency converter

COP, EUR to USD – United States Dollar Converter

🇨🇴 Colombian Peso ($)

🇺🇸 United States Dollar ($)

United States Dollar exchange rates as of November 7, 2026: 1 EUR = 1.12 USD (1 USD = 0.895 EUR).

Colombian Peso exchange rates as of November 7, 2026: 1 USD = 3,229 COP (10,000 COP = 3.1 USD). 1 EUR = 3,609 COP (10,000 COP = 2.77 EUR).

COP to USD in detail →

On the map

Lowest

Highest

Between locations

Panama City, FL Bogota 3,080 km ≈ 4 h 15 min nonstop flight

From you

Panama City, FL
Bogota

Distances are measured in a straight line. Your location is detected approximately.

City Median Internet Speeds Comparison (Updated April 2026)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

Panama City, FL vs Bogota: Cost of Living - Frequently Asked Questions

Yes – Panama City, FL is pricier by about 64%, and outside of rent the gap shows up most in eating out.

For a comfortable life, plan on about $3,422 per month in Panama City, FL and $2,080 in Bogota. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Bogota, especially for central apartments: a one-bedroom in the center costs $730 there versus $921 in Panama City, FL.

Monthly expenses with rent come to $2,281 in Panama City, FL and $1,387 in Bogota. That makes Bogota about 39% cheaper.

Public transport costs about 31% less in Panama City, FL. For daily commuters, that gap adds up to noticeable savings over a year.

Families tend to lean toward Bogota – lower housing and cheaper childcare make a real difference, especially on a single income or when paying for private education.

If budget matters most, go with Bogota. If higher salaries or specific career opportunities are the priority, Panama City, FL makes more sense. Both are solid long-term options with distinct trade-offs.