Cost of living and prices in Col贸n Island, prices of food, rent, shopping, etc. 馃嚨馃嚘
Updated Jul 2023

Located in Central America, Col贸n Island is an affordable place to live in Panama. With a low cost of living compared to many other countries, this island offers beautiful beaches, warm weather, and a unique culture.

Residents enjoy a wide variety of dining options, from local street vendors to international restaurants. The island also has a range of housing options, including apartments, townhouses, and single-family homes. Another advantage of living in Col贸n Island is the easy access to Panama City, one of Central America's most vibrant and modern cities.

If you're looking for a laid-back lifestyle in a beautiful tropical location, Col贸n Island could be the perfect fit for you. The island offers a low cost of living, stunning natural beauty, and all the amenities you need to enjoy a comfortable life. Don't miss out on the opportunity to experience a unique and affordable lifestyle in beautiful Col贸n Island, Panama!

Cost of Living Estimate in Col贸n Island

Total cost of living in Col贸n Island for two person with average consumption for one month will be 422.05 USD, no rent price included. Click here to calculate cost-of-living estimate in Col贸n Island

You can calculate cost of living in Col贸n Island by changing quantity using input near each good or service. Resulting total will appear in a floating box in the bottom of your screen.

Restaurants prices

Col贸n Island, Panama offers a wide selection of dining options to suit every taste and budget. Visitors can enjoy freshly caught seafood served at beachside restaurants, where they can savor local flavors in a tropical setting. For those who prefer a more upscale dining experience, there are elegant restaurants that offer exquisite dishes prepared by renowned chefs. Many of these restaurants overlook the Caribbean Sea, creating a romantic and tranquil atmosphere for a memorable dining experience.

In addition to traditional Panamanian cuisine, visitors to Col贸n Island can also find international dishes such as Italian, Japanese, and American. Those who prefer a more casual dining experience can enjoy food from food trucks and local street vendors. From freshly squeezed fruit juices to empanadas, these vendors offer a variety of traditional Panamanian snacks and drinks. Overall, there are plenty of dining options in Col贸n Island to satisfy every palate and budget, making it a perfect destination for foodies.

Meal in Inexpensive Restaurant
7.00 $
Meal for 2 People, Mid-range Restaurant, Three-course
40.00 $
Domestic Beer, 0.5 liter Draught
1.50 $
Imported Beer, 0.33 liter Bottle
2.75 $
Coca-Cola, 0.33 liter Bottle
2.00 $

Markets prices

Col贸n Island, Panama is a tourist destination and one of Panama's major ports, which inevitably influences market prices. With its location, it offers easy access to various activities and stunning beaches. As a result, the market prices tend to be higher compared to other parts of Panama. However, the prices vary depending on the area, season, and shop type. Visitors should expect to pay a higher price for goods and services catered towards tourists, such as watersports and souvenir shops. For those looking to save on costs, it would be best to explore the local markets and eateries where prices tend to be more affordable.

The prices in Col贸n Island, Panama can be affected by the season and events. High season generally means higher prices across all areas of the island. Given its proximity to the Panama Canal, the island may be bustling with cruise ship tourists, which usually drives up prices. It would be wise to research the time of year you plan to visit in advance to gain insight into average prices and crowds. Overall, Col贸n Island offers a range of experiences suitable for various budgets, and visitors can find market prices that work for them with a little bit of investigation.

Water, 0.33 liter Bottle
1.25 $
Milk, Regular,1 liter
1.45 $
Loaf of Fresh White Bread, 0.5 kg
2.48 $
White Rice, 1 kg
2.25 $
Eggs, 12 pack
1.89 $
Chicken Breasts, Boneless and Skinless, 1 kg
8.27 $
Lettuce, 1 head
1.50 $
Water, 1.5 liter Bottle
1.60 $
Bottle of Wine, Mid-Range Price
10.00 $
Domestic Beer, 0.5 liter Bottle
1.14 $
Imported Beer, 0.33 liter Bottle
1.00 $
Pack of Cigarettes
4.15 $

Transportation prices

Col贸n Island, Panama boasts a selection of transportation options that cater to different travel preferences and budgets. One of the most popular modes of transportation on the island is taxi service, which is readily available throughout the city. Taxis are ideal for short trips and can be hailed down on the street or booked through an app. For those who prefer self-guided exploration, renting a car or a scooter is also an option. This is a great way to venture out and discover the island's hidden gems at your own pace. However, it's important to note that driving in Col贸n Island can be challenging due to the traffic and narrow roads.

Another great way to get around Col贸n Island is by bike. Bike rentals are widely available, and cycling is a fantastic way to experience the island's scenic wonders. There are numerous bike trails that provide breathtaking ocean views and lead to secluded beaches. In addition to being eco-friendly and promoting physical activity, cycling is also an affordable option for budget-conscious travelers. Whether you're a seasoned cyclist or a beginner, Col贸n Island has something for everyone.

Gasoline, 1 liter
0.97 $

Utilities Per Month prices

When traveling to Col贸n Island in Panama, it is important to keep in mind the cost of utilities. The cost of electricity is generally high in Panama due to the country's dependence on imported fuel. As such, it's a good idea to conserve energy use by turning off lights and unplugging electronics when not in use to save on your overall costs. Additionally, the cost of water and waste disposal can also add up, so it's important to be mindful of your usage. Recycling is encouraged on the island, so be sure to separate your recyclables from your regular waste to help reduce your environmental impact and potential fees.

While utilities costs in Col贸n Island may be higher than what travelers are used to back home, there are ways to keep your costs down. Many accommodations offer energy-efficient amenities, such as air conditioning units that automatically shut off when a room is empty. Additionally, some hotels and rental properties may include utilities costs in their rates, so be sure to inquire before booking. Lastly, it's always a good idea to do a bit of research to find tips on how to save on utilities costs in the area before your trip. With a little bit of planning and mindful behavior, you can enjoy your stay on the island without breaking the bank.

Internet, 60 Mbps or More, Unlimited Data, Cable/ADSL
102.22 $

Childcare prices

Col贸n Island in Panama is known for its beautiful beaches and laid-back vibe, attracting many families with young children. When it comes to childcare, the prices can vary greatly depending on the type of facility. There are several schools and kindergartens located on the island that offer quality care and education for young children. These facilities heavily emphasize early childhood development and provide a structured learning environment for children to thrive in.

Depending on the type of childcare facility, prices can be affordable for families on a budget or can be quite steep for those seeking top-tier education and care for their children. Schools and kindergartens in Col贸n Island often offer a range of programs and extracurricular activities that cater to different interests and abilities. Parents can choose a program that suits their child's individual needs and interests, ensuring they receive a well-rounded education as they grow and develop.

Private Preschool or Kindergarten, Monthly for 1 Child
1,000.00 $

Rent Per Month prices

For travelers looking for a short-term stay in Col贸n Island, Panama, there are plenty of options available. From budget-friendly accommodations to luxurious resorts, visitors can choose from a variety of places to stay that suit their preferences and budgets. Whether you're looking for a beachfront condo or a cozy bed and breakfast, Col贸n Island has it all. The prices of short-term rentals vary depending on the location of the property and the length of your stay, but you can rest assured that there is something for every traveler's needs.

If you're planning a short vacation in Col贸n Island, you can opt for a short-term rental or a hotel stay. Short-term rentals provide a more home-like feel, giving you the freedom to cook your own meals and have a bit more space. Many rentals offer amenities such as private pools, gardens, and balconies with sea views. Alternatively, hotels provide a more traditional vacation experience with additional services such as concierge and room service. The prices for both options can vary, but both provide guests with the convenience and comfort they need for their island getaway in Panama.

Three bedroom apartment outside of city centre
593.72 $