Last update: Oct 2026

Cost of Living Comparison Between Panama City, FL and Medellin

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.

115

Cost of Living Index in Panama City, FL
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Panama City, FL Living Index
79

Cost of Living Index in Medellin
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Medellin Living Index

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Panama City, FL

🇺🇸 United States

$2,409

/mo nomad

Medellin

🇨🇴 Colombia

$1,639

/mo nomad

Monthly Cost of Living

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

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

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

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

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

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

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

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

Panama City, FL costs about 47% more than Medellin, and outside of rent the biggest gap is in eating out.

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

Meal at Budget Restaurant

$18.74 $18.74

$8.09 COP 25.6K

131.64%

Three-Course Dinner for Two, Mid-Range

$54.0 $54.0

$47.05 COP 148.9K

14.77%

Fast Food Meal (McDonalds, etc)

$12.11 $12.11

$9.50 COP 30.1K

27.47%

Cappuccino

$5.60 $5.60

$3.01 COP 9,540

86.05%

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

$2.89 $2.89

$1.80 COP 5,693

60.56%

Water (0.33 liter bottle)

$1.70 $1.70

$1.41 COP 4,469

20.57%

Local Beer (0.5 liter draught)

$5.10 $5.10

$3.18 COP 10.0K

60.38%

Imported Beer (0.33 liter bottle)

$7.12 $7.12

$5.75 COP 18.2K

23.83%

Milk (1 liter)

$0.90 $0.90

$1.51 COP 4,778

-40.40%

White Bread (500g)

$3.46 $3.46

$2.38 COP 7,524

45.38%

Rice (white) (1kg)

$2.66 $2.66

$1.77 COP 5,606

50.28%

Eggs

$3.30 $3.30

$2.89 COP 9,146

14.19%

Local Cheese (1kg)

$10.78 $10.78

$10.19 COP 32.2K

5.79%

Chicken Fillets (1kg)

$11.61 $11.61

$9.87 COP 31.2K

17.63%

Beef Round Steak (1kg)

$14.64 $14.64

$13.99 COP 44.3K

4.65%

Apples (1kg)

$4.10 $4.10

$3.97 COP 12.6K

3.27%

Banana (1kg)

$1.49 $1.49

$1.55 COP 4,911

-3.87%

Oranges (1kg)

$2.73 $2.73

$2.18 COP 6,907

25.23%

Tomato (1kg)

$4.30 $4.30

$2.18 COP 6,910

97.25%

Potato (1kg)

$3.11 $3.11

$1.96 COP 6,210

58.67%

Onion (1kg)

$2.84 $2.84

$1.59 COP 5,029

78.62%

Lettuce (1 head)

$2.09 $2.09

$1.15 COP 3,625

81.74%

Water (1.5 liter bottle)

$2.22 $2.22

$1.24 COP 3,934

79.03%

Cigarettes 20 Pack (Marlboro, Camel)

$9.31 $9.31

$3.96 COP 12.5K

135.10%

Wine (Bottle)

$12.15 $12.15

$13.68 COP 43.3K

-11.18%

Local Beer (0.5 liter bottle)

$1.70 $1.70

$1.66 COP 5,252

2.41%

Imported Beer (0.33 liter bottle)

$3.86 $3.86

$2.26 COP 7,145

70.80%

One-way Ticket (Public Transport)

$1.46 $1.46

$1.17 COP 3,696

24.79%

Public Transport Monthly Pass (Regular Price)

$35.52 $35.52

$77.4 COP 244.8K

-54.09%

Taxi Start (Normal Tariff)

$2.55 $2.55

$1.27 COP 4,013

100.79%

Taxi (Normal Tariff) (1km)

$1.51 $1.51

$2.05 COP 6,480

-26.34%

Taxi 1hour Waiting (Normal Tariff)

$26.17 $26.17

$8.55 COP 27.1K

206.08%

Gasoline (1 liter)

$0.98 $0.98

$1.35 COP 4,262

-27.41%

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

$27.5K $27.5K

$34.1K COP 107.8M

-19.28%

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

$25.9K $25.9K

$34.7K COP 109.7M

-25.16%

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

$169 $169

$170 COP 536.8K

-0.18%

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

$44.38 $44.38

$13.55 COP 42.9K

227.53%

Internet (50+ Mbps, Unlimited Data)

$59.5 $59.5

$28.07 COP 88.8K

112.11%

Gym Membership (Monthly)

$24.35 $24.35

$43.70 COP 138.3K

-44.28%

Tennis Court (1 Hour on Weekend)

$17.19 COP 54.4K

Cinema Ticket

$12.87 $12.87

$6.91 COP 21.9K

86.25%

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

$618 $618

$797 COP 2.5M

-22.44%

International Primary School, 1 Child (Yearly)

$13.9K $13.9K

$9,112 COP 28.8M

52.04%

Jeans (Levis 501 Or Similar)

$48.26 $48.26

$84.7 COP 268.1K

-43.04%

Summer Dress (H&M, Zara, etc)

$40.43 $40.43

$58.0 COP 183.4K

-30.24%

Sport Shoes (Adidas, Nike)

$84.5 $84.5

$135 COP 427.1K

-37.42%

Men's Leather Business Shoes

$95.9 $95.9

$97.9 COP 309.7K

-2.05%

1-bedroom Apartment, City Center (Monthly)

$921 $921

$1,208 COP 3.8M

-23.74%

1-bedroom Apartment, Outside City Center (Monthly)

$1,248 $1,248

$642 COP 2.0M

94.50%

3-bedroom Apartment, City Center (Monthly)

$1,673 $1,673

$2,028 COP 6.4M

-17.49%

3-bedroom Apartment, Outside City Center (Monthly)

$1,662 $1,662

$1,012 COP 3.2M

64.25%

Buy Apartment in City Center (m2)

$3,269 $3,269

$4,170 COP 13.2M

-21.61%

Buy Apartment Outside City Center (m2)

$2,694 $2,694

$1,910 COP 6.0M

41.05%

Average Monthly Net Salary (After Tax)

$3,980 $3,980

$657 COP 2.1M

505.63%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.54

10.94

-40.22%

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

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

Last update for Medellin: October 25, 2026

Monthly budget structure

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

Accommodation & Living

Panama City, FL

$1.2K 51.8%

Medellin

$642 39.1% 48.6% $606

Groceries & Markets

Panama City, FL

$354 14.7%

Medellin

$297 18.1% 16.1% $57

Eating Out

Panama City, FL

$312 12.9%

Medellin

$170 10.4% 45.6% $142

Monthly Utilities & Internet

Panama City, FL

$273 11.3%

Medellin

$211 12.9% 22.7% $62

Clothing & Footwear

Panama City, FL

$121 5%

Medellin

$169 10.3% 39.6% $48

Getting Around

Panama City, FL

$51 2.1%

Medellin

$94 5.7% 81.8% $42

Sport & Entertainment

Panama City, FL

$50 2.1%

Medellin

$58 3.5% 14.9% $7.4

Cost Breakdown

A central one-bedroom costs $921 in Panama City, FL versus $1,208 in Medellin. 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 $54 in Panama City, FL versus $47 in Medellin. Monthly groceries follow the same trend: $354 vs $297 – making Medellin the more affordable choice for daily food spending.

Good to know

🇺🇸 Panama City, FL

🇨🇴 Medellin

🕒 Local time

06:58 6:58 AM

Same time as Panama City, FL

🌤 Weather

👥 Population

36,484

2,486,723

💱 Currency

United States Dollar USD $

Colombian Peso COP $

📈 Exchange rate

1 USD = 0.896 EUR

10,000 COP = 3.16 USD

10,000 COP = 2.83 EUR

Exchange rates and currency converter

COP, EUR to USD – United States Dollar Converter

🇨🇴 Colombian Peso ($)

🇺🇸 United States Dollar ($)

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

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).

COP to USD in detail →

On the map

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

From you

Panama City, FL
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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

Panama City, FL vs Medellin: 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 $3,614 per month in Panama City, FL and $2,459 in Medellin. 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 $54 in Panama City, FL and $47 in Medellin. That’s a good indicator of the overall restaurant and café pricing gap between the two cities.

Monthly expenses with rent come to $2,409 in Panama City, FL and $1,639 in Medellin. 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.