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

😐 Solo nomad: Panama City is 38.4% more expensive than Medellin without rent, and 75.7% more expensive with rent.

😐 Family of 3: Panama City is 40.2% more expensive than Medellin without rent, and 72.1% more expensive with rent.

Meal at Budget Restaurant

$10.17 PAB 10.17

$6.03 COP 22.9K

68.66%

Three-Course Dinner for Two, Mid-Range

$50.4 PAB 50.4

$33.17 COP 125.7K

52.07%

Fast Food Meal (McDonalds, etc)

$7.88 PAB 7.88

$7.29 COP 27.6K

8.09%

Cappuccino

$3.71 PAB 3.71

$1.63 COP 6,174

127.61%

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

$1.64 PAB 1.64

$1.05 COP 3,974

56.19%

Water (0.33 liter bottle)

$1.33 PAB 1.33

$0.77 COP 2,918

72.73%

Local Beer (0.5 liter draught)

$2.95 PAB 2.95

$1.73 COP 6,554

70.52%

Imported Beer (0.33 liter bottle)

$4.06 PAB 4.06

$3.18 COP 12.0K

27.67%

Milk (1 liter)

$1.83 PAB 1.83

$1.07 COP 4,043

71.03%

White Bread (500g)

$2.58 PAB 2.58

$1.31 COP 4,968

96.95%

Rice (white) (1kg)

$2.40 PAB 2.40

$1.38 COP 5,230

73.91%

Eggs

$2.97 PAB 2.97

$2.25 COP 8,515

32.00%

Local Cheese (1kg)

$11.34 PAB 11.34

$4.48 COP 17.0K

153.12%

Chicken Fillets (1kg)

$7.06 PAB 7.06

$5.74 COP 21.7K

23.00%

Beef Round Steak (1kg)

$9.76 PAB 9.76

$8.86 COP 33.6K

10.16%

Apples (1kg)

$3.40 PAB 3.40

$2.24 COP 8,496

51.79%

Banana (1kg)

$1.50 PAB 1.50

$1.06 COP 4,015

41.51%

Oranges (1kg)

$2.77 PAB 2.77

$1.51 COP 5,736

83.44%

Tomato (1kg)

$3.23 PAB 3.23

$1.36 COP 5,154

137.50%

Potato (1kg)

$2.20 PAB 2.20

$1.12 COP 4,247

96.43%

Onion (1kg)

$2.87 PAB 2.87

$1.17 COP 4,430

145.30%

Lettuce (1 head)

$2.17 PAB 2.17

$0.90 COP 3,418

141.11%

Water (1.5 liter bottle)

$1.54 PAB 1.54

$0.84 COP 3,171

83.33%

Cigarettes 20 Pack (Marlboro, Camel)

$5.99 PAB 5.99

$2.26 COP 8,559

165.04%

Wine (Bottle)

$10.31 PAB 10.31

$9.97 COP 37.8K

3.41%

Local Beer (0.5 liter bottle)

$1.30 PAB 1.30

$1.18 COP 4,482

10.17%

Imported Beer (0.33 liter bottle)

$2.33 PAB 2.33

$2.39 COP 9,054

-2.51%

One-way Ticket (Public Transport)

$0.43 PAB 0.43

$0.86 COP 3,255

-50.00%

Public Transport Monthly Pass (Regular Price)

$22.39 PAB 22.39

$41.45 COP 157.1K

-45.98%

Taxi Start (Normal Tariff)

$2.46 PAB 2.46

$1.47 COP 5,559

67.35%

Taxi (Normal Tariff) (1km)

$1.82 PAB 1.82

$1.95 COP 7,372

-6.67%

Taxi 1hour Waiting (Normal Tariff)

$21.57 PAB 21.57

$7.76 COP 29.4K

177.96%

Gasoline (1 liter)

$0.95 PAB 0.95

$0.97 COP 3,665

-2.06%

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

$20.1K PAB 20.1K

$17.9K COP 68.0M

12.18%

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

$20.1K PAB 20.1K

$26.7K COP 101.2M

-24.63%

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

$123 PAB 123

$81.1 COP 307.3K

52.13%

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

$29.81 PAB 29.81

$9.40 COP 35.6K

217.13%

Internet (50+ Mbps, Unlimited Data)

$49.87 PAB 49.87

$23.61 COP 89.4K

111.22%

Gym Membership (Monthly)

$46.19 PAB 46.19

$25.55 COP 96.8K

80.78%

Tennis Court (1 Hour on Weekend)

$32.83 PAB 32.83

$19.29 COP 73.1K

70.19%

Cinema Ticket

$8.09 PAB 8.09

$4.10 COP 15.5K

97.32%

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

$478 PAB 478

$306 COP 1.2M

56.22%

International Primary School, 1 Child (Yearly)

$15.8K PAB 15.8K

$5,899 COP 22.3M

167.93%

Jeans (Levis 501 Or Similar)

$52.0 PAB 52.0

$59.8 COP 226.6K

-13.01%

Summer Dress (H&M, Zara, etc)

$46.66 PAB 46.66

$31.96 COP 121.1K

45.99%

Sport Shoes (Adidas, Nike)

$89.6 PAB 89.6

$103 COP 389.1K

-12.75%

Men's Leather Business Shoes

$123 PAB 123

$108 COP 408.7K

14.33%

1-bedroom Apartment, City Center (Monthly)

$1,124 PAB 1,124

$483 COP 1.8M

132.54%

1-bedroom Apartment, Outside City Center (Monthly)

$894 PAB 894

$377 COP 1.4M

136.93%

3-bedroom Apartment, City Center (Monthly)

$2,059 PAB 2,059

$822 COP 3.1M

150.65%

3-bedroom Apartment, Outside City Center (Monthly)

$1,553 PAB 1,553

$721 COP 2.7M

115.45%

Buy Apartment in City Center (m2)

$3,128 PAB 3,128

$2,784 COP 10.5M

12.37%

Buy Apartment Outside City Center (m2)

$1,730 PAB 1,730

$1,320 COP 5.0M

31.06%

Average Monthly Net Salary (After Tax)

$967 PAB 967

$538 COP 2.0M

79.92%

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: March 1, 2026

Last update for Medellin: March 3, 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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