Cost of Living Comparison Between Medellin and Panama City Cost of Living Comparison Between Medellin and Panama City

🙂 Solo nomad: Medellin is 28.8% cheaper than Panama City without rent, and 43.3% cheaper with rent.

🙂 Family of 3: Medellin is 31.5% cheaper than Panama City without rent, and 42% cheaper with rent.

Meal at Budget Restaurant

$6.23 COP 26K

$10.18 PAB 10.18

-38.80%

Three-Course Dinner for Two, Mid-Range

$32.34 COP 134.8K

$49.36 PAB 49.36

-34.48%

Fast Food Meal (McDonalds, etc)

$7.39 COP 30.8K

$8.16 PAB 8.16

-9.44%

Cappuccino

$1.72 COP 7,155

$3.58 PAB 3.58

-51.96%

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

$1.1 COP 4,575

$1.66 PAB 1.66

-33.73%

Water (0.33 liter bottle)

$0.73 COP 3,060

$1.41 PAB 1.41

-48.23%

Local Beer (0.5 liter draught)

$1.66 COP 6,916

$3.08 PAB 3.08

-46.10%

Imported Beer (0.33 liter bottle)

$3.2 COP 13.3K

$3.9 PAB 3.9

-17.95%

Milk (1 liter)

$1.09 COP 4,552

$1.88 PAB 1.88

-42.02%

White Bread (500g)

$1.24 COP 5,188

$2.56 PAB 2.56

-51.56%

Rice (white) (1kg)

$1.33 COP 5,544

$2.52 PAB 2.52

-47.22%

Eggs

$2.22 COP 9,252

$2.95 PAB 2.95

-24.75%

Local Cheese (1kg)

$4.55 COP 19K

$11.6 PAB 11.6

-60.78%

Chicken Fillets (1kg)

$5.71 COP 23.8K

$7.14 PAB 7.14

-20.03%

Beef Round Steak (1kg)

$8.59 COP 35.8K

$9.92 PAB 9.92

-13.41%

Apples (1kg)

$2.26 COP 9,410

$3.42 PAB 3.42

-33.92%

Banana (1kg)

$1.07 COP 4,461

$1.49 PAB 1.49

-28.19%

Oranges (1kg)

$1.51 COP 6,293

$2.73 PAB 2.73

-44.69%

Tomato (1kg)

$1.42 COP 5,911

$3.24 PAB 3.24

-56.17%

Potato (1kg)

$1.11 COP 4,619

$2.28 PAB 2.28

-51.32%

Onion (1kg)

$1.18 COP 4,932

$2.91 PAB 2.91

-59.45%

Lettuce (1 head)

$0.89 COP 3,718

$2.14 PAB 2.14

-58.41%

Water (1.5 liter bottle)

$0.84 COP 3,507

$1.57 PAB 1.57

-46.50%

Cigarettes 20 Pack (Marlboro, Camel)

$2.35 COP 9,809

$5.84 PAB 5.84

-59.76%

Wine (Bottle)

$9.34 COP 38.9K

$9.91 PAB 9.91

-5.75%

Local Beer (0.5 liter bottle)

$1.18 COP 4,927

$1.3 PAB 1.3

-9.23%

Imported Beer (0.33 liter bottle)

$2.49 COP 10.4K

$2.32 PAB 2.32

7.33%

One-way Ticket (Public Transport)

$0.83 COP 3,464

$0.44 PAB 0.44

88.64%

Public Transport Monthly Pass (Regular Price)

$41.9 COP 174.7K

$22.32 PAB 22.32

87.72%

Taxi Start (Normal Tariff)

$1.41 COP 5,899

$2.53 PAB 2.53

-44.27%

Taxi (Normal Tariff) (1km)

$1.96 COP 8,164

$1.76 PAB 1.76

11.36%

Taxi 1hour Waiting (Normal Tariff)

$7.85 COP 32.7K

$21.86 PAB 21.86

-64.09%

Gasoline (1 liter)

$1.02 COP 4,265

$0.89 PAB 0.89

14.61%

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

$17.6K COP 73.4M

$19.9K PAB 19.9K

-11.63%

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

$26.2K COP 109.2M

$20.5K PAB 20.5K

28.09%

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

$82.5 COP 344.1K

$124 PAB 124

-33.69%

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

$9.44 COP 39.4K

$29.96 PAB 29.96

-68.49%

Internet (50+ Mbps, Unlimited Data)

$23.51 COP 98K

$50.2 PAB 50.2

-53.12%

Gym Membership (Monthly)

$25.68 COP 107.1K

$44.96 PAB 44.96

-42.88%

Tennis Court (1 Hour on Weekend)

$19.14 COP 79.8K

$32.03 PAB 32.03

-40.24%

Cinema Ticket

$3.96 COP 16.5K

$8.16 PAB 8.16

-51.47%

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

$305 COP 1.3M

$471 PAB 471

-35.34%

International Primary School, 1 Child (Yearly)

$5,925 COP 24.7M

$16K PAB 16K

-62.87%

Jeans (Levis 501 Or Similar)

$57.9 COP 241.4K

$52 PAB 52

11.32%

Summer Dress (H&M, Zara, etc)

$31.59 COP 131.7K

$45.24 PAB 45.24

-30.17%

Sport Shoes (Adidas, Nike)

$103 COP 430.1K

$87.6 PAB 87.6

17.75%

Men's Leather Business Shoes

$106 COP 440.5K

$120 PAB 120

-12.26%

1-bedroom Apartment, City Center (Monthly)

$489 COP 2M

$1,126 PAB 1,126

-56.54%

1-bedroom Apartment, Outside City Center (Monthly)

$379 COP 1.6M

$890 PAB 890

-57.41%

3-bedroom Apartment, City Center (Monthly)

$827 COP 3.4M

$2,013 PAB 2,013

-58.93%

3-bedroom Apartment, Outside City Center (Monthly)

$729 COP 3M

$1,555 PAB 1,555

-53.11%

Buy Apartment in City Center (m2)

$2,190 COP 9.1M

$2,710 PAB 2,710

-19.20%

Buy Apartment Outside City Center (m2)

$1,532 COP 6.4M

$1,655 PAB 1,655

-7.40%

Average Monthly Net Salary (After Tax)

$550 COP 2.3M

$975 PAB 975

-43.59%

20-Year Fixed Mortgage Interest Rate (Annual %)

13.43

6.23

115.57%

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

Last update for Medellin: October 28, 2025

Last update for Panama City: October 29, 2025

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