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

🙂 Solo nomad: Medellin is 54% cheaper than Panama City, FL without rent, and 63.9% cheaper with rent.

🙂 Family of 3: Medellin is 42.6% cheaper than Panama City, FL without rent, and 53% cheaper with rent.

Meal at Budget Restaurant

$6.23 COP 26K

$18.66 $18.66

-66.61%

Three-Course Dinner for Two, Mid-Range

$32.34 COP 134.8K

$54.1 $54.1

-40.23%

Fast Food Meal (McDonalds, etc)

$7.39 COP 30.8K

$10.32 $10.32

-28.39%

Cappuccino

$1.72 COP 7,155

$4.9 $4.9

-64.90%

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

$1.1 COP 4,575

$2.68 $2.68

-58.96%

Water (0.33 liter bottle)

$0.73 COP 3,060

$2.12 $2.12

-65.57%

Local Beer (0.5 liter draught)

$1.66 COP 6,916

$5.11 $5.11

-67.51%

Imported Beer (0.33 liter bottle)

$3.2 COP 13.3K

$6.65 $6.65

-51.88%

Milk (1 liter)

$1.09 COP 4,552

$0.93 $0.93

17.20%

White Bread (500g)

$1.24 COP 5,188

$3.19 $3.19

-61.13%

Rice (white) (1kg)

$1.33 COP 5,544

$2.59 $2.59

-48.65%

Eggs

$2.22 COP 9,252

$3.18 $3.18

-30.19%

Local Cheese (1kg)

$4.55 COP 19K

$10.82 $10.82

-57.95%

Chicken Fillets (1kg)

$5.71 COP 23.8K

$11.6 $11.6

-50.78%

Beef Round Steak (1kg)

$8.59 COP 35.8K

$14.9 $14.9

-42.35%

Apples (1kg)

$2.26 COP 9,410

$3.46 $3.46

-34.68%

Banana (1kg)

$1.07 COP 4,461

$1.57 $1.57

-31.85%

Oranges (1kg)

$1.51 COP 6,293

$2.88 $2.88

-47.57%

Tomato (1kg)

$1.42 COP 5,911

$4.17 $4.17

-65.95%

Potato (1kg)

$1.11 COP 4,619

$3.17 $3.17

-64.98%

Onion (1kg)

$1.18 COP 4,932

$2.74 $2.74

-56.93%

Lettuce (1 head)

$0.89 COP 3,718

$2.12 $2.12

-58.02%

Water (1.5 liter bottle)

$0.84 COP 3,507

$1.95 $1.95

-56.92%

Cigarettes 20 Pack (Marlboro, Camel)

$2.35 COP 9,809

$8.21 $8.21

-71.38%

Wine (Bottle)

$9.34 COP 38.9K

$9.13 $9.13

2.30%

Local Beer (0.5 liter bottle)

$1.18 COP 4,927

$1.75 $1.75

-32.57%

Imported Beer (0.33 liter bottle)

$2.49 COP 10.4K

$3.15 $3.15

-20.95%

One-way Ticket (Public Transport)

$0.83 COP 3,464

$1.49 $1.49

-44.30%

Public Transport Monthly Pass (Regular Price)

$41.9 COP 174.7K

$132 $132

-68.36%

Taxi Start (Normal Tariff)

$1.41 COP 5,899

$2.43 $2.43

-41.98%

Taxi (Normal Tariff) (1km)

$1.96 COP 8,164

$1.51 $1.51

29.80%

Taxi 1hour Waiting (Normal Tariff)

$7.85 COP 32.7K

$25.81 $25.81

-69.59%

Gasoline (1 liter)

$1.02 COP 4,265

$0.81 $0.81

25.93%

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

$17.6K COP 73.4M

$22.6K $22.6K

-21.96%

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

$26.2K COP 109.2M

$24.7K $24.7K

6.10%

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

$82.5 COP 344.1K

$221 $221

-62.69%

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

$9.44 COP 39.4K

$42.87 $42.87

-77.98%

Internet (50+ Mbps, Unlimited Data)

$23.51 COP 98K

$66.5 $66.5

-64.65%

Gym Membership (Monthly)

$25.68 COP 107.1K

$39.64 $39.64

-35.22%

Tennis Court (1 Hour on Weekend)

$19.14 COP 79.8K

Cinema Ticket

$3.96 COP 16.5K

$13.13 $13.13

-69.84%

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

$305 COP 1.3M

$529 $529

-42.34%

International Primary School, 1 Child (Yearly)

$5,925 COP 24.7M

$8,103 $8,103

-26.88%

Jeans (Levis 501 Or Similar)

$57.9 COP 241.4K

$38.64 $38.64

49.84%

Summer Dress (H&M, Zara, etc)

$31.59 COP 131.7K

$42.44 $42.44

-25.57%

Sport Shoes (Adidas, Nike)

$103 COP 430.1K

$59.1 $59.1

74.61%

Men's Leather Business Shoes

$106 COP 440.5K

$75 $75

40.84%

1-bedroom Apartment, City Center (Monthly)

$489 COP 2M

$1,675 $1,675

-70.78%

1-bedroom Apartment, Outside City Center (Monthly)

$379 COP 1.6M

$1,492 $1,492

-74.60%

3-bedroom Apartment, City Center (Monthly)

$827 COP 3.4M

$2,308 $2,308

-64.17%

3-bedroom Apartment, Outside City Center (Monthly)

$729 COP 3M

$1,783 $1,783

-59.12%

Buy Apartment in City Center (m2)

$2,190 COP 9.1M

$3,593 $3,593

-39.06%

Buy Apartment Outside City Center (m2)

$1,532 COP 6.4M

$3,594 $3,594

-57.36%

Average Monthly Net Salary (After Tax)

$550 COP 2.3M

$3,977 $3,977

-86.17%

20-Year Fixed Mortgage Interest Rate (Annual %)

13.43

6.43

108.86%

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, FL: October 27, 2025

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