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

😐 Solo nomad: Panama City is 43.8% more expensive than Medellin without rent, and 76.7% more expensive with rent.

😐 Family of 3: Panama City is 43% more expensive than Medellin without rent, and 66.1% more expensive with rent.

Meal at Budget Restaurant

$9.95 PAB 9.95

$5.97 COP 21.9K

66.67%

Three-Course Dinner for Two, Mid-Range

$49.92 PAB 49.92

$32.40 COP 119.0K

54.07%

Fast Food Meal (McDonalds, etc)

$8.01 PAB 8.01

$7.13 COP 26.2K

12.34%

Cappuccino

$3.66 PAB 3.66

$1.65 COP 6,043

121.82%

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

$1.72 PAB 1.72

$1.06 COP 3,882

62.26%

Water (0.33 liter bottle)

$1.38 PAB 1.38

$0.77 COP 2,839

79.22%

Local Beer (0.5 liter draught)

$2.92 PAB 2.92

$1.75 COP 6,418

66.86%

Imported Beer (0.33 liter bottle)

$4.08 PAB 4.08

$3.06 COP 11.2K

33.33%

Milk (1 liter)

$1.91 PAB 1.91

$1.10 COP 4,026

73.64%

White Bread (500g)

$2.46 PAB 2.46

$1.30 COP 4,771

89.23%

Rice (white) (1kg)

$2.41 PAB 2.41

$1.34 COP 4,905

79.85%

Eggs

$2.82 PAB 2.82

$2.26 COP 8,299

24.78%

Local Cheese (1kg)

$11.49 PAB 11.49

$4.50 COP 16.5K

155.33%

Chicken Fillets (1kg)

$7.24 PAB 7.24

$5.80 COP 21.3K

24.83%

Beef Round Steak (1kg)

$9.90 PAB 9.90

$8.96 COP 32.9K

10.49%

Apples (1kg)

$3.38 PAB 3.38

$2.37 COP 8,691

42.62%

Banana (1kg)

$1.48 PAB 1.48

$1.07 COP 3,939

38.32%

Oranges (1kg)

$2.87 PAB 2.87

$1.48 COP 5,418

93.92%

Tomato (1kg)

$3.23 PAB 3.23

$1.36 COP 5,011

137.50%

Potato (1kg)

$2.30 PAB 2.30

$1.13 COP 4,135

103.54%

Onion (1kg)

$2.89 PAB 2.89

$1.13 COP 4,161

155.75%

Lettuce (1 head)

$2.22 PAB 2.22

$0.89 COP 3,274

149.44%

Water (1.5 liter bottle)

$1.59 PAB 1.59

$0.85 COP 3,114

87.06%

Cigarettes 20 Pack (Marlboro, Camel)

$6.09 PAB 6.09

$2.28 COP 8,361

167.11%

Wine (Bottle)

$9.83 PAB 9.83

$10.15 COP 37.3K

-3.15%

Local Beer (0.5 liter bottle)

$1.26 PAB 1.26

$1.19 COP 4,359

5.88%

Imported Beer (0.33 liter bottle)

$2.46 PAB 2.46

$2.40 COP 8,828

2.50%

One-way Ticket (Public Transport)

$0.41 PAB 0.41

$0.84 COP 3,074

-51.19%

Public Transport Monthly Pass (Regular Price)

$22.67 PAB 22.67

$40.85 COP 150.0K

-44.50%

Taxi Start (Normal Tariff)

$2.56 PAB 2.56

$1.48 COP 5,417

72.97%

Taxi (Normal Tariff) (1km)

$1.78 PAB 1.78

$1.89 COP 6,949

-5.82%

Taxi 1hour Waiting (Normal Tariff)

$22.26 PAB 22.26

$8.05 COP 29.5K

176.52%

Gasoline (1 liter)

$0.93 PAB 0.93

$0.94 COP 3,455

-1.06%

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

$19.5K PAB 19.5K

$17.7K COP 65.1M

10.02%

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

$20.2K PAB 20.2K

$26.4K COP 96.8M

-23.24%

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

$125 PAB 125

$81.9 COP 300.7K

52.31%

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

$30.03 PAB 30.03

$9.54 COP 35.0K

214.78%

Internet (50+ Mbps, Unlimited Data)

$48.56 PAB 48.56

$23.68 COP 87.0K

105.07%

Gym Membership (Monthly)

$46.20 PAB 46.20

$25.85 COP 94.9K

78.72%

Tennis Court (1 Hour on Weekend)

$32.29 PAB 32.29

$18.72 COP 68.7K

72.49%

Cinema Ticket

$7.96 PAB 7.96

$4.05 COP 14.9K

96.54%

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

$474 PAB 474

$316 COP 1.2M

50.02%

International Primary School, 1 Child (Yearly)

$15.8K PAB 15.8K

$5,971 COP 21.9M

164.52%

Jeans (Levis 501 Or Similar)

$51.9 PAB 51.9

$59.0 COP 216.4K

-11.98%

Summer Dress (H&M, Zara, etc)

$46.99 PAB 46.99

$32.49 COP 119.3K

44.63%

Sport Shoes (Adidas, Nike)

$89.0 PAB 89.0

$99.9 COP 366.7K

-10.88%

Men's Leather Business Shoes

$120 PAB 120

$108 COP 394.9K

12.02%

1-bedroom Apartment, City Center (Monthly)

$1,146 PAB 1,146

$491 COP 1.8M

133.18%

1-bedroom Apartment, Outside City Center (Monthly)

$884 PAB 884

$371 COP 1.4M

138.06%

3-bedroom Apartment, City Center (Monthly)

$2,014 PAB 2,014

$821 COP 3.0M

145.14%

3-bedroom Apartment, Outside City Center (Monthly)

$1,586 PAB 1,586

$731 COP 2.7M

116.90%

Buy Apartment in City Center (m2)

$3,112 PAB 3,112

$3,019 COP 11.1M

3.08%

Buy Apartment Outside City Center (m2)

$1,734 PAB 1,734

$1,332 COP 4.9M

30.19%

Average Monthly Net Salary (After Tax)

$873 PAB 873

$517 COP 1.9M

68.95%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.23

13.43

-53.61%

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

Last update for Panama City: January 12, 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

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