Last update: Oct 2026

Cost of Living Comparison Between Medellin and Panama City, FL

For one person, living is cheaper in Medellin: $1,639 a month against $2,409 in Panama City, FL, rent and utilities included – about $9,200 less a year. Rent and utilities account for most of the difference.

79

Cost of Living Index in Medellin
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Medellin Living Index
115

Cost of Living Index in Panama City, FL
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Panama City, FL Living Index

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Medellin

🇨🇴 Colombia

$1,639

/mo nomad

Panama City, FL

🇺🇸 United States

$2,409

/mo nomad

Monthly Cost of Living

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

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

A single person spends $1,639 per month in Medellin vs $2,409 in Panama City, FL, rent included.

Medellin $1,639
Panama City, FL $2,409

A couple spends around $2,413 per month in Medellin vs $3,287 in Panama City, FL, rent included.

Medellin $2,413
Panama City, FL $3,287

A family of three spends $3,186 per month in Medellin vs $4,165 in Panama City, FL, rent included.

Medellin $3,186
Panama City, FL $4,165

Medellin is about 32% cheaper than Panama City, FL, and outside of rent the biggest gap is in eating out.

Both Medellin and Panama City, FL sit above the global median – Medellin by 20%, Panama City, FL by 77%.

Meal at Budget Restaurant

$8.09 COP 25.6K

$18.74 $18.74

-56.83%

Three-Course Dinner for Two, Mid-Range

$47.05 COP 148.9K

$54.0 $54.0

-12.87%

Fast Food Meal (McDonalds, etc)

$9.50 COP 30.1K

$12.11 $12.11

-21.55%

Cappuccino

$3.01 COP 9,540

$5.60 $5.60

-46.25%

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

$1.80 COP 5,693

$2.89 $2.89

-37.72%

Water (0.33 liter bottle)

$1.41 COP 4,469

$1.70 $1.70

-17.06%

Local Beer (0.5 liter draught)

$3.18 COP 10.0K

$5.10 $5.10

-37.65%

Imported Beer (0.33 liter bottle)

$5.75 COP 18.2K

$7.12 $7.12

-19.24%

Milk (1 liter)

$1.51 COP 4,778

$0.90 $0.90

67.78%

White Bread (500g)

$2.38 COP 7,524

$3.46 $3.46

-31.21%

Rice (white) (1kg)

$1.77 COP 5,606

$2.66 $2.66

-33.46%

Eggs

$2.89 COP 9,146

$3.30 $3.30

-12.42%

Local Cheese (1kg)

$10.19 COP 32.2K

$10.78 $10.78

-5.47%

Chicken Fillets (1kg)

$9.87 COP 31.2K

$11.61 $11.61

-14.99%

Beef Round Steak (1kg)

$13.99 COP 44.3K

$14.64 $14.64

-4.44%

Apples (1kg)

$3.97 COP 12.6K

$4.10 $4.10

-3.17%

Banana (1kg)

$1.55 COP 4,911

$1.49 $1.49

4.03%

Oranges (1kg)

$2.18 COP 6,907

$2.73 $2.73

-20.15%

Tomato (1kg)

$2.18 COP 6,910

$4.30 $4.30

-49.30%

Potato (1kg)

$1.96 COP 6,210

$3.11 $3.11

-36.98%

Onion (1kg)

$1.59 COP 5,029

$2.84 $2.84

-44.01%

Lettuce (1 head)

$1.15 COP 3,625

$2.09 $2.09

-44.98%

Water (1.5 liter bottle)

$1.24 COP 3,934

$2.22 $2.22

-44.14%

Cigarettes 20 Pack (Marlboro, Camel)

$3.96 COP 12.5K

$9.31 $9.31

-57.47%

Wine (Bottle)

$13.68 COP 43.3K

$12.15 $12.15

12.59%

Local Beer (0.5 liter bottle)

$1.66 COP 5,252

$1.70 $1.70

-2.35%

Imported Beer (0.33 liter bottle)

$2.26 COP 7,145

$3.86 $3.86

-41.45%

One-way Ticket (Public Transport)

$1.17 COP 3,696

$1.46 $1.46

-19.86%

Public Transport Monthly Pass (Regular Price)

$77.4 COP 244.8K

$35.52 $35.52

117.82%

Taxi Start (Normal Tariff)

$1.27 COP 4,013

$2.55 $2.55

-50.20%

Taxi (Normal Tariff) (1km)

$2.05 COP 6,480

$1.51 $1.51

35.76%

Taxi 1hour Waiting (Normal Tariff)

$8.55 COP 27.1K

$26.17 $26.17

-67.33%

Gasoline (1 liter)

$1.35 COP 4,262

$0.98 $0.98

37.76%

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

$34.1K COP 107.8M

$27.5K $27.5K

23.88%

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

$34.7K COP 109.7M

$25.9K $25.9K

33.61%

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

$170 COP 536.8K

$169 $169

0.18%

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

$13.55 COP 42.9K

$44.38 $44.38

-69.47%

Internet (50+ Mbps, Unlimited Data)

$28.07 COP 88.8K

$59.5 $59.5

-52.86%

Gym Membership (Monthly)

$43.70 COP 138.3K

$24.35 $24.35

79.47%

Tennis Court (1 Hour on Weekend)

$17.19 COP 54.4K

Cinema Ticket

$6.91 COP 21.9K

$12.87 $12.87

-46.31%

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

$797 COP 2.5M

$618 $618

28.93%

International Primary School, 1 Child (Yearly)

$9,112 COP 28.8M

$13.9K $13.9K

-34.23%

Jeans (Levis 501 Or Similar)

$84.7 COP 268.1K

$48.26 $48.26

75.55%

Summer Dress (H&M, Zara, etc)

$58.0 COP 183.4K

$40.43 $40.43

43.36%

Sport Shoes (Adidas, Nike)

$135 COP 427.1K

$84.5 $84.5

59.79%

Men's Leather Business Shoes

$97.9 COP 309.7K

$95.9 $95.9

2.10%

1-bedroom Apartment, City Center (Monthly)

$1,208 COP 3.8M

$921 $921

31.13%

1-bedroom Apartment, Outside City Center (Monthly)

$642 COP 2.0M

$1,248 $1,248

-48.59%

3-bedroom Apartment, City Center (Monthly)

$2,028 COP 6.4M

$1,673 $1,673

21.20%

3-bedroom Apartment, Outside City Center (Monthly)

$1,012 COP 3.2M

$1,662 $1,662

-39.12%

Buy Apartment in City Center (m2)

$4,170 COP 13.2M

$3,269 $3,269

27.57%

Buy Apartment Outside City Center (m2)

$1,910 COP 6.0M

$2,694 $2,694

-29.10%

Average Monthly Net Salary (After Tax)

$657 COP 2.1M

$3,980 $3,980

-83.49%

20-Year Fixed Mortgage Interest Rate (Annual %)

10.94

6.54

67.28%

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

Last update for Medellin: October 25, 2026

Last update for Panama City, FL: October 27, 2026

Monthly budget structure

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

Accommodation & Living

Medellin

$642 39.1%

Panama City, FL

$1.2K 51.8% 94.5% $606

Groceries & Markets

Medellin

$297 18.1%

Panama City, FL

$354 14.7% 19.2% $57

Monthly Utilities & Internet

Medellin

$211 12.9%

Panama City, FL

$273 11.3% 29.3% $62

Eating Out

Medellin

$170 10.4%

Panama City, FL

$312 12.9% 83.7% $142

Clothing & Footwear

Medellin

$169 10.3%

Panama City, FL

$121 5% 28.4% $48

Getting Around

Medellin

$94 5.7%

Panama City, FL

$51 2.1% 45% $42

Sport & Entertainment

Medellin

$58 3.5%

Panama City, FL

$50 2.1% 12.9% $7.4

Cost Breakdown

A central one-bedroom costs $1,208 in Medellin versus $921 in Panama City, FL. 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 6.1 times higher. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $47 in Medellin versus $54 in Panama City, FL. Monthly groceries follow the same trend: $297 vs $354 – making Medellin the more affordable choice for daily food spending.

Good to know

🇨🇴 Medellin

🇺🇸 Panama City, FL

🕒 Local time

08:05 8:05 AM

Same time as Medellin

🌤 Weather

👥 Population

2,486,723

36,484

💱 Currency

Colombian Peso COP $

United States Dollar USD $

📈 Exchange rate

10,000 COP = 3.16 USD

10,000 COP = 2.83 EUR

1 USD = 0.896 EUR

Exchange rates and currency converter

USD, EUR to COP – Colombian Peso Converter

🇺🇸 United States Dollar ($)

🇨🇴 Colombian Peso ($)

Colombian Peso exchange rates as of October 29, 2026: 1 USD = 3,164 COP (10,000 COP = 3.16 USD). 1 EUR = 3,531 COP (10,000 COP = 2.83 EUR).

United States Dollar exchange rates as of October 29, 2026: 1 EUR = 1.12 USD (1 USD = 0.896 EUR).

USD to COP in detail →

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Medellin Panama City, FL 2,860 km ≈ 4 h nonstop flight

From you

Medellin
Panama City, FL

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

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

Yes – Panama City, FL is pricier by about 47%, and outside of rent the gap shows up most in eating out.

For a comfortable life, plan on about $2,459 per month in Medellin and $3,614 in Panama City, FL. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Panama City, FL, especially for central apartments: a one-bedroom in the center costs $921 there versus $1,208 in Medellin.

A mid-range dinner for two costs $47 in Medellin and $54 in Panama City, FL. That’s a good indicator of the overall restaurant and café pricing gap between the two cities.

Monthly expenses with rent come to $1,639 in Medellin and $2,409 in Panama City, FL. That makes Medellin about 32% cheaper.

It depends on your priorities. Medellin has an edge in some lifestyle areas, with costs from $1,639 in Medellin to $2,409 in Panama City, FL. Climate, culture, job market, and personal taste all factor in.

If budget matters most, go with Medellin. 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.