Cost of Living Comparison Between Medellin and Panajachel Cost of Living Comparison Between Medellin and Panajachel

Monthly Cost of Living

A single person spends $1,003 per month in Medellin vs $657 in Panajachel, rent included.

A couple spends around $1,573 per month in Medellin vs $1,066 in Panajachel, rent included.

A family of three spends $2,143 per month in Medellin vs $1,474 in Panajachel, rent included.

Medellin costs about 52% more than Panajachel, driven mainly by Groceries & Markets.

Both Medellin and Panajachel are more affordable than the global median – Medellin 25% lower, Panajachel 51% lower.

Meal at Budget Restaurant

$5.91 COP 18.6K

$4.53 Q 34.54

30.46%

Three-Course Dinner for Two, Mid-Range

$32.96 COP 103.8K

$32.92 Q 251

0.12%

Fast Food Meal (McDonalds, etc)

$7.43 COP 23.4K

$6.24 Q 47.56

19.07%

Cappuccino

$1.65 COP 5,207

$2.63 Q 20.09

-37.26%

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

$1.10 COP 3,468

$1.22 Q 9.31

-9.84%

Water (0.33 liter bottle)

$0.78 COP 2,458

$0.92 Q 7.00

-15.22%

Local Beer (0.5 liter draught)

$1.72 COP 5,412

$2.55 Q 19.48

-32.55%

Imported Beer (0.33 liter bottle)

$3.18 COP 10.0K

$4.66 Q 35.56

-31.76%

Milk (1 liter)

$1.10 COP 3,474

$2.05 Q 15.60

-46.34%

White Bread (500g)

$1.26 COP 3,962

$1.52 Q 11.63

-17.11%

Rice (white) (1kg)

$1.38 COP 4,349

$2.06 Q 15.69

-33.01%

Eggs

$2.18 COP 6,858

$1.81 Q 13.82

20.44%

Local Cheese (1kg)

$4.49 COP 14.1K

$7.91 Q 60.3

-43.24%

Chicken Fillets (1kg)

$5.79 COP 18.2K

$8.31 Q 63.3

-30.32%

Beef Round Steak (1kg)

$8.97 COP 28.2K

$10.13 Q 77.3

-11.45%

Apples (1kg)

$2.32 COP 7,308

$3.54 Q 26.97

-34.46%

Banana (1kg)

$1.06 COP 3,352

$1.56 Q 11.92

-32.05%

Oranges (1kg)

$1.52 COP 4,774

$3.08 Q 23.50

-50.65%

Tomato (1kg)

$1.36 COP 4,270

$1.13 Q 8.65

20.35%

Potato (1kg)

$1.13 COP 3,552

$1.07 Q 8.15

5.61%

Onion (1kg)

$1.17 COP 3,689

$2.35 Q 17.92

-50.21%

Lettuce (1 head)

$0.90 COP 2,838

$0.66 Q 5.07

36.36%

Water (1.5 liter bottle)

$0.90 COP 2,823

$1.23 Q 9.38

-26.83%

Cigarettes 20 Pack (Marlboro, Camel)

$2.23 COP 7,034

$3.54 Q 27.00

-37.01%

Wine (Bottle)

$12.12 COP 38.2K

$8.17 Q 62.3

48.35%

Local Beer (0.5 liter bottle)

$1.19 COP 3,743

$1.62 Q 12.35

-26.54%

Imported Beer (0.33 liter bottle)

$2.48 COP 7,815

$2.40 Q 18.26

3.33%

One-way Ticket (Public Transport)

$0.85 COP 2,687

Public Transport Monthly Pass (Regular Price)

$41.62 COP 131.0K

Taxi Start (Normal Tariff)

$1.42 COP 4,459

$5.34 Q 40.68

-73.41%

Taxi (Normal Tariff) (1km)

$1.95 COP 6,141

$0.60 Q 4.55

225.00%

Taxi 1hour Waiting (Normal Tariff)

$7.89 COP 24.8K

$15.41 Q 118

-48.80%

Gasoline (1 liter)

$0.99 COP 3,118

$1.11 Q 8.48

-10.81%

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

$17.6K COP 55.4M

$19.2K Q 146.6K

-8.48%

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

$26.8K COP 84.4M

$24.4K Q 186.0K

9.87%

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

$83.0 COP 261.4K

$33.06 Q 252

151.09%

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

$9.70 COP 30.5K

$25.91 Q 198

-62.56%

Internet (50+ Mbps, Unlimited Data)

$23.52 COP 74.1K

$47.66 Q 363

-50.65%

Gym Membership (Monthly)

$25.26 COP 79.5K

Tennis Court (1 Hour on Weekend)

$19.10 COP 60.1K

Cinema Ticket

$3.95 COP 12.4K

$7.14 Q 54.4

-44.68%

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

$316 COP 994.2K

$245 Q 1,865

29.11%

International Primary School, 1 Child (Yearly)

$5,975 COP 18.8M

$5,813 Q 44.3K

2.79%

Jeans (Levis 501 Or Similar)

$60.0 COP 188.9K

$49.39 Q 377

21.48%

Summer Dress (H&M, Zara, etc)

$31.82 COP 100.2K

$53.6 Q 409

-40.62%

Sport Shoes (Adidas, Nike)

$102 COP 320.1K

$117 Q 893

-13.19%

Men's Leather Business Shoes

$107 COP 338.3K

$120 Q 912

-10.16%

1-bedroom Apartment, City Center (Monthly)

$475 COP 1.5M

1-bedroom Apartment, Outside City Center (Monthly)

$374 COP 1.2M

3-bedroom Apartment, City Center (Monthly)

$849 COP 2.7M

3-bedroom Apartment, Outside City Center (Monthly)

$719 COP 2.3M

Buy Apartment in City Center (m2)

$3,265 COP 10.3M

Buy Apartment Outside City Center (m2)

$1,441 COP 4.5M

Average Monthly Net Salary (After Tax)

$624 COP 2.0M

20-Year Fixed Mortgage Interest Rate (Annual %)

13.43

8.9

50.90%

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

Last update for Medellin: July 27, 2026

Last update for Panajachel: July 26, 2026

Cost Breakdown

A mid-range dinner for two costs $33.00 in Medellin versus $33.00 in Panajachel. Monthly groceries follow the same trend: $193 vs $246 – making Medellin the more affordable choice for daily food spending.

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

Medellin vs Panajachel: Cost of Living - Frequently Asked Questions

Yes – Medellin is pricier by about 52%, and the gap shows up most in Groceries & Markets. It's not just housing either; the difference applies across most spending categories.

For a comfortable life, plan on about $1,504 per month in Medellin and $986 in Panajachel. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

A mid-range dinner for two costs $33.00 in Medellin and $33.00 in Panajachel. That's a good indicator of the overall restaurant and café pricing gap between the two cities.

Interestingly, groceries are about 28% cheaper in Medellin – one category where the pricier city actually offers better value, probably thanks to stronger retail competition or local farming.

A $1,000 monthly budget goes further in Panajachel, where all-in costs run around $657, than in Medellin at $1,003. In Panajachel it covers expenses comfortably, while in Medellin it requires careful planning or may not stretch far enough.

Families tend to lean toward Panajachel – 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 Panajachel. If higher salaries, better infrastructure, or specific career opportunities are the priority, Medellin makes more sense. Both are solid long-term options with distinct trade-offs.