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

😐 Solo nomad: Panama City, FL is 107% more expensive than Medellin without rent, and 170.4% more expensive with rent.

😐 Family of 3: Panama City, FL is 91.3% more expensive than Medellin without rent, and 102.2% more expensive with rent.

Meal at Budget Restaurant

$18.89 $18.89

$5.97 COP 21.9K

216.42%

Three-Course Dinner for Two, Mid-Range

$55.4 $55.4

$32.40 COP 119.0K

71.02%

Fast Food Meal (McDonalds, etc)

$10.43 $10.43

$7.13 COP 26.2K

46.28%

Cappuccino

$4.97 $4.97

$1.65 COP 6,043

201.21%

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

$2.77 $2.77

$1.06 COP 3,882

161.32%

Water (0.33 liter bottle)

$2.12 $2.12

$0.77 COP 2,839

175.32%

Local Beer (0.5 liter draught)

$4.95 $4.95

$1.75 COP 6,418

182.86%

Imported Beer (0.33 liter bottle)

$6.84 $6.84

$3.06 COP 11.2K

123.53%

Milk (1 liter)

$0.92 $0.92

$1.10 COP 4,026

-16.36%

White Bread (500g)

$3.33 $3.33

$1.30 COP 4,771

156.15%

Rice (white) (1kg)

$2.57 $2.57

$1.34 COP 4,905

91.79%

Eggs

$3.26 $3.26

$2.26 COP 8,299

44.25%

Local Cheese (1kg)

$10.86 $10.86

$4.50 COP 16.5K

141.33%

Chicken Fillets (1kg)

$11.59 $11.59

$5.80 COP 21.3K

99.83%

Beef Round Steak (1kg)

$15.06 $15.06

$8.96 COP 32.9K

68.08%

Apples (1kg)

$3.57 $3.57

$2.37 COP 8,691

50.63%

Banana (1kg)

$1.53 $1.53

$1.07 COP 3,939

42.99%

Oranges (1kg)

$2.81 $2.81

$1.48 COP 5,418

89.86%

Tomato (1kg)

$4.04 $4.04

$1.36 COP 5,011

197.06%

Potato (1kg)

$3.21 $3.21

$1.13 COP 4,135

184.07%

Onion (1kg)

$2.73 $2.73

$1.13 COP 4,161

141.59%

Lettuce (1 head)

$2.09 $2.09

$0.89 COP 3,274

134.83%

Water (1.5 liter bottle)

$2.02 $2.02

$0.85 COP 3,114

137.65%

Cigarettes 20 Pack (Marlboro, Camel)

$7.94 $7.94

$2.28 COP 8,361

248.25%

Wine (Bottle)

$13.38 $13.38

$10.15 COP 37.3K

31.82%

Local Beer (0.5 liter bottle)

$1.78 $1.78

$1.19 COP 4,359

49.58%

Imported Beer (0.33 liter bottle)

$3.06 $3.06

$2.40 COP 8,828

27.50%

One-way Ticket (Public Transport)

$1.48 $1.48

$0.84 COP 3,074

76.19%

Public Transport Monthly Pass (Regular Price)

$134 $134

$40.85 COP 150.0K

228.94%

Taxi Start (Normal Tariff)

$2.53 $2.53

$1.48 COP 5,417

70.95%

Taxi (Normal Tariff) (1km)

$1.50 $1.50

$1.89 COP 6,949

-20.63%

Taxi 1hour Waiting (Normal Tariff)

$26.50 $26.50

$8.05 COP 29.5K

229.19%

Gasoline (1 liter)

$0.86 $0.86

$0.94 COP 3,455

-8.51%

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

$22.9K $22.9K

$17.7K COP 65.1M

29.14%

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

$24.4K $24.4K

$26.4K COP 96.8M

-7.47%

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

$214 $214

$81.9 COP 300.7K

160.87%

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

$42.62 $42.62

$9.54 COP 35.0K

346.75%

Internet (50+ Mbps, Unlimited Data)

$66.0 $66.0

$23.68 COP 87.0K

178.89%

Gym Membership (Monthly)

$40.27 $40.27

$25.85 COP 94.9K

55.78%

Tennis Court (1 Hour on Weekend)

$18.72 COP 68.7K

Cinema Ticket

$12.86 $12.86

$4.05 COP 14.9K

217.53%

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

$517 $517

$316 COP 1.2M

63.76%

International Primary School, 1 Child (Yearly)

$7,980 $7,980

$5,971 COP 21.9M

33.64%

Jeans (Levis 501 Or Similar)

$39.21 $39.21

$59.0 COP 216.4K

-33.49%

Summer Dress (H&M, Zara, etc)

$43.35 $43.35

$32.49 COP 119.3K

33.43%

Sport Shoes (Adidas, Nike)

$58.9 $58.9

$99.9 COP 366.7K

-41.01%

Men's Leather Business Shoes

$74.3 $74.3

$108 COP 394.9K

-30.89%

1-bedroom Apartment, City Center (Monthly)

$1,706 $1,706

$491 COP 1.8M

247.01%

1-bedroom Apartment, Outside City Center (Monthly)

$1,500 $1,500

$371 COP 1.4M

304.04%

3-bedroom Apartment, City Center (Monthly)

$2,315 $2,315

$821 COP 3.0M

181.81%

3-bedroom Apartment, Outside City Center (Monthly)

$1,749 $1,749

$731 COP 2.7M

139.26%

Buy Apartment in City Center (m2)

$3,649 $3,649

$3,019 COP 11.1M

20.86%

Buy Apartment Outside City Center (m2)

$3,699 $3,699

$1,332 COP 4.9M

177.64%

Average Monthly Net Salary (After Tax)

$3,988 $3,988

$517 COP 1.9M

671.31%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.43

13.43

-52.12%

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

Last update for Panama City, FL: January 11, 2026

Last update for Medellin: January 12, 2026

City Median Internet Speeds Comparison (Updated December 2025)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

Similar cities

Austin, TX

🇺🇸 United States

Dubai

🇦🇪 United Arab Emirates

Toronto

🇨🇦 Canada

Hong Kong

🇭🇰 Hong Kong (China)

Munich

🇩🇪 Germany

Sydney

🇦🇺 Australia

Vancouver

🇨🇦 Canada

Tel Aviv-Yafo

🇮🇱 Israel