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

😐 Solo nomad: Panama City is 40.4% more expensive than Medellin without rent, and 76.2% more expensive with rent.

😐 Family of 3: Panama City is 46% more expensive than Medellin without rent, and 72.6% more expensive with rent.

Meal at Budget Restaurant

$10.18 PAB 10.18

$6.23 COP 26K

63.40%

Three-Course Dinner for Two, Mid-Range

$49.36 PAB 49.36

$32.34 COP 134.8K

52.63%

Fast Food Meal (McDonalds, etc)

$8.16 PAB 8.16

$7.39 COP 30.8K

10.42%

Cappuccino

$3.58 PAB 3.58

$1.72 COP 7,155

108.14%

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

$1.66 PAB 1.66

$1.1 COP 4,575

50.91%

Water (0.33 liter bottle)

$1.41 PAB 1.41

$0.73 COP 3,060

93.15%

Local Beer (0.5 liter draught)

$3.08 PAB 3.08

$1.66 COP 6,916

85.54%

Imported Beer (0.33 liter bottle)

$3.9 PAB 3.9

$3.2 COP 13.3K

21.87%

Milk (1 liter)

$1.88 PAB 1.88

$1.09 COP 4,552

72.48%

White Bread (500g)

$2.56 PAB 2.56

$1.24 COP 5,188

106.45%

Rice (white) (1kg)

$2.52 PAB 2.52

$1.33 COP 5,544

89.47%

Eggs

$2.95 PAB 2.95

$2.22 COP 9,252

32.88%

Local Cheese (1kg)

$11.6 PAB 11.6

$4.55 COP 19K

154.95%

Chicken Fillets (1kg)

$7.14 PAB 7.14

$5.71 COP 23.8K

25.04%

Beef Round Steak (1kg)

$9.92 PAB 9.92

$8.59 COP 35.8K

15.48%

Apples (1kg)

$3.42 PAB 3.42

$2.26 COP 9,410

51.33%

Banana (1kg)

$1.49 PAB 1.49

$1.07 COP 4,461

39.25%

Oranges (1kg)

$2.73 PAB 2.73

$1.51 COP 6,293

80.79%

Tomato (1kg)

$3.24 PAB 3.24

$1.42 COP 5,911

128.17%

Potato (1kg)

$2.28 PAB 2.28

$1.11 COP 4,619

105.41%

Onion (1kg)

$2.91 PAB 2.91

$1.18 COP 4,932

146.61%

Lettuce (1 head)

$2.14 PAB 2.14

$0.89 COP 3,718

140.45%

Water (1.5 liter bottle)

$1.57 PAB 1.57

$0.84 COP 3,507

86.90%

Cigarettes 20 Pack (Marlboro, Camel)

$5.84 PAB 5.84

$2.35 COP 9,809

148.51%

Wine (Bottle)

$9.91 PAB 9.91

$9.34 COP 38.9K

6.10%

Local Beer (0.5 liter bottle)

$1.3 PAB 1.3

$1.18 COP 4,927

10.17%

Imported Beer (0.33 liter bottle)

$2.32 PAB 2.32

$2.49 COP 10.4K

-6.83%

One-way Ticket (Public Transport)

$0.44 PAB 0.44

$0.83 COP 3,464

-46.99%

Public Transport Monthly Pass (Regular Price)

$22.32 PAB 22.32

$41.9 COP 174.7K

-46.73%

Taxi Start (Normal Tariff)

$2.53 PAB 2.53

$1.41 COP 5,899

79.43%

Taxi (Normal Tariff) (1km)

$1.76 PAB 1.76

$1.96 COP 8,164

-10.20%

Taxi 1hour Waiting (Normal Tariff)

$21.86 PAB 21.86

$7.85 COP 32.7K

178.47%

Gasoline (1 liter)

$0.89 PAB 0.89

$1.02 COP 4,265

-12.75%

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

$19.9K PAB 19.9K

$17.6K COP 73.4M

13.16%

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

$20.5K PAB 20.5K

$26.2K COP 109.2M

-21.93%

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

$124 PAB 124

$82.5 COP 344.1K

50.81%

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

$29.96 PAB 29.96

$9.44 COP 39.4K

217.37%

Internet (50+ Mbps, Unlimited Data)

$50.2 PAB 50.2

$23.51 COP 98K

113.31%

Gym Membership (Monthly)

$44.96 PAB 44.96

$25.68 COP 107.1K

75.08%

Tennis Court (1 Hour on Weekend)

$32.03 PAB 32.03

$19.14 COP 79.8K

67.35%

Cinema Ticket

$8.16 PAB 8.16

$3.96 COP 16.5K

106.06%

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

$471 PAB 471

$305 COP 1.3M

54.65%

International Primary School, 1 Child (Yearly)

$16K PAB 16K

$5,925 COP 24.7M

169.31%

Jeans (Levis 501 Or Similar)

$52 PAB 52

$57.9 COP 241.4K

-10.17%

Summer Dress (H&M, Zara, etc)

$45.24 PAB 45.24

$31.59 COP 131.7K

43.21%

Sport Shoes (Adidas, Nike)

$87.6 PAB 87.6

$103 COP 430.1K

-15.07%

Men's Leather Business Shoes

$120 PAB 120

$106 COP 440.5K

13.98%

1-bedroom Apartment, City Center (Monthly)

$1,126 PAB 1,126

$489 COP 2M

130.09%

1-bedroom Apartment, Outside City Center (Monthly)

$890 PAB 890

$379 COP 1.6M

134.82%

3-bedroom Apartment, City Center (Monthly)

$2,013 PAB 2,013

$827 COP 3.4M

143.46%

3-bedroom Apartment, Outside City Center (Monthly)

$1,555 PAB 1,555

$729 COP 3M

113.26%

Buy Apartment in City Center (m2)

$2,710 PAB 2,710

$2,190 COP 9.1M

23.76%

Buy Apartment Outside City Center (m2)

$1,655 PAB 1,655

$1,532 COP 6.4M

7.99%

Average Monthly Net Salary (After Tax)

$975 PAB 975

$550 COP 2.3M

77.27%

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: October 29, 2025

Last update for Medellin: October 28, 2025

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