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

🙂 Solo nomad: Medellin is 29.2% cheaper than Panama City without rent, and 43.4% cheaper with rent.

🙂 Family of 3: Medellin is 29.1% cheaper than Panama City without rent, and 40.6% cheaper with rent.

Meal at Budget Restaurant

$6.14 COP 22.1K

$10.13 PAB 10.13

-39.39%

Three-Course Dinner for Two, Mid-Range

$33.05 COP 119.0K

$50.2 PAB 50.2

-34.15%

Fast Food Meal (McDonalds, etc)

$7.32 COP 26.4K

$8.19 PAB 8.19

-10.62%

Cappuccino

$1.66 COP 5,972

$3.63 PAB 3.63

-54.27%

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

$1.10 COP 3,977

$1.68 PAB 1.68

-34.52%

Water (0.33 liter bottle)

$0.78 COP 2,815

$1.39 PAB 1.39

-43.88%

Local Beer (0.5 liter draught)

$1.71 COP 6,173

$2.99 PAB 2.99

-42.81%

Imported Beer (0.33 liter bottle)

$3.17 COP 11.4K

$3.89 PAB 3.89

-18.51%

Milk (1 liter)

$1.11 COP 4,002

$1.82 PAB 1.82

-39.01%

White Bread (500g)

$1.31 COP 4,708

$2.47 PAB 2.47

-46.96%

Rice (white) (1kg)

$1.38 COP 4,968

$2.40 PAB 2.40

-42.50%

Eggs

$2.22 COP 7,989

$2.82 PAB 2.82

-21.28%

Local Cheese (1kg)

$4.34 COP 15.6K

$11.46 PAB 11.46

-62.13%

Chicken Fillets (1kg)

$5.80 COP 20.9K

$7.36 PAB 7.36

-21.20%

Beef Round Steak (1kg)

$8.98 COP 32.3K

$9.81 PAB 9.81

-8.46%

Apples (1kg)

$2.26 COP 8,144

$3.38 PAB 3.38

-33.14%

Banana (1kg)

$1.11 COP 4,013

$1.47 PAB 1.47

-24.49%

Oranges (1kg)

$1.46 COP 5,271

$2.83 PAB 2.83

-48.41%

Tomato (1kg)

$1.37 COP 4,917

$3.09 PAB 3.09

-55.66%

Potato (1kg)

$1.11 COP 3,999

$2.24 PAB 2.24

-50.45%

Onion (1kg)

$1.16 COP 4,189

$2.77 PAB 2.77

-58.12%

Lettuce (1 head)

$0.89 COP 3,203

$2.13 PAB 2.13

-58.22%

Water (1.5 liter bottle)

$0.87 COP 3,116

$1.54 PAB 1.54

-43.51%

Cigarettes 20 Pack (Marlboro, Camel)

$2.35 COP 8,474

$6.03 PAB 6.03

-61.03%

Wine (Bottle)

$10.86 COP 39.1K

$10.98 PAB 10.98

-1.09%

Local Beer (0.5 liter bottle)

$1.20 COP 4,319

$1.28 PAB 1.28

-6.25%

Imported Beer (0.33 liter bottle)

$2.48 COP 8,924

$2.40 PAB 2.40

3.33%

One-way Ticket (Public Transport)

$0.79 COP 2,835

$0.41 PAB 0.41

92.68%

Public Transport Monthly Pass (Regular Price)

$40.77 COP 146.8K

$22.68 PAB 22.68

79.76%

Taxi Start (Normal Tariff)

$1.42 COP 5,124

$2.55 PAB 2.55

-44.31%

Taxi (Normal Tariff) (1km)

$1.91 COP 6,883

$1.83 PAB 1.83

4.37%

Taxi 1hour Waiting (Normal Tariff)

$7.65 COP 27.5K

$21.82 PAB 21.82

-64.94%

Gasoline (1 liter)

$0.97 COP 3,481

$0.87 PAB 0.87

11.49%

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

$18.1K COP 65.2M

$19.7K PAB 19.7K

-7.98%

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

$26.3K COP 94.7M

$20.8K PAB 20.8K

26.20%

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

$81.3 COP 292.8K

$121 PAB 121

-32.62%

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

$9.63 COP 34.7K

$30.37 PAB 30.37

-68.29%

Internet (50+ Mbps, Unlimited Data)

$24.36 COP 87.7K

$48.88 PAB 48.88

-50.16%

Gym Membership (Monthly)

$26.02 COP 93.7K

$45.39 PAB 45.39

-42.67%

Tennis Court (1 Hour on Weekend)

$18.92 COP 68.1K

$32.72 PAB 32.72

-42.18%

Cinema Ticket

$3.89 COP 14.0K

$8.08 PAB 8.08

-51.86%

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

$304 COP 1.1M

$470 PAB 470

-35.31%

International Primary School, 1 Child (Yearly)

$5,902 COP 21.3M

$15.8K PAB 15.8K

-62.58%

Jeans (Levis 501 Or Similar)

$58.7 COP 211.3K

$51.7 PAB 51.7

13.52%

Summer Dress (H&M, Zara, etc)

$32.48 COP 117.0K

$46.93 PAB 46.93

-30.79%

Sport Shoes (Adidas, Nike)

$102 COP 366.4K

$89.0 PAB 89.0

14.31%

Men's Leather Business Shoes

$108 COP 389.5K

$123 PAB 123

-12.35%

1-bedroom Apartment, City Center (Monthly)

$474 COP 1.7M

$1,149 PAB 1,149

-58.72%

1-bedroom Apartment, Outside City Center (Monthly)

$371 COP 1.3M

$883 PAB 883

-58.00%

3-bedroom Apartment, City Center (Monthly)

$848 COP 3.1M

$2,063 PAB 2,063

-58.90%

3-bedroom Apartment, Outside City Center (Monthly)

$716 COP 2.6M

$1,595 PAB 1,595

-55.09%

Buy Apartment in City Center (m2)

$2,871 COP 10.3M

$3,067 PAB 3,067

-6.38%

Buy Apartment Outside City Center (m2)

$1,375 COP 5.0M

$1,712 PAB 1,712

-19.67%

Average Monthly Net Salary (After Tax)

$542 COP 1.9M

$947 PAB 947

-42.79%

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: April 13, 2026

Last update for Panama City: April 13, 2026

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 other spots: cost of living compared

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