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

😐 Solo nomad: Panama City is 41.2% more expensive than Medellin without rent, and 76.7% more expensive with rent.

😐 Family of 3: Panama City is 41.1% more expensive than Medellin without rent, and 68.3% more expensive with rent.

Meal at Budget Restaurant

$10.13 PAB 10.13

$6.14 COP 22.1K

64.98%

Three-Course Dinner for Two, Mid-Range

$50.2 PAB 50.2

$33.05 COP 119.0K

51.86%

Fast Food Meal (McDonalds, etc)

$8.19 PAB 8.19

$7.32 COP 26.4K

11.89%

Cappuccino

$3.63 PAB 3.63

$1.66 COP 5,972

118.67%

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

$1.68 PAB 1.68

$1.10 COP 3,977

52.73%

Water (0.33 liter bottle)

$1.39 PAB 1.39

$0.78 COP 2,815

78.21%

Local Beer (0.5 liter draught)

$2.99 PAB 2.99

$1.71 COP 6,173

74.85%

Imported Beer (0.33 liter bottle)

$3.89 PAB 3.89

$3.17 COP 11.4K

22.71%

Milk (1 liter)

$1.82 PAB 1.82

$1.11 COP 4,002

63.96%

White Bread (500g)

$2.47 PAB 2.47

$1.31 COP 4,708

88.55%

Rice (white) (1kg)

$2.40 PAB 2.40

$1.38 COP 4,968

73.91%

Eggs

$2.82 PAB 2.82

$2.22 COP 7,989

27.03%

Local Cheese (1kg)

$11.46 PAB 11.46

$4.34 COP 15.6K

164.06%

Chicken Fillets (1kg)

$7.36 PAB 7.36

$5.80 COP 20.9K

26.90%

Beef Round Steak (1kg)

$9.81 PAB 9.81

$8.98 COP 32.3K

9.24%

Apples (1kg)

$3.38 PAB 3.38

$2.26 COP 8,144

49.56%

Banana (1kg)

$1.47 PAB 1.47

$1.11 COP 4,013

32.43%

Oranges (1kg)

$2.83 PAB 2.83

$1.46 COP 5,271

93.84%

Tomato (1kg)

$3.09 PAB 3.09

$1.37 COP 4,917

125.55%

Potato (1kg)

$2.24 PAB 2.24

$1.11 COP 3,999

101.80%

Onion (1kg)

$2.77 PAB 2.77

$1.16 COP 4,189

138.79%

Lettuce (1 head)

$2.13 PAB 2.13

$0.89 COP 3,203

139.33%

Water (1.5 liter bottle)

$1.54 PAB 1.54

$0.87 COP 3,116

77.01%

Cigarettes 20 Pack (Marlboro, Camel)

$6.03 PAB 6.03

$2.35 COP 8,474

156.60%

Wine (Bottle)

$10.98 PAB 10.98

$10.86 COP 39.1K

1.10%

Local Beer (0.5 liter bottle)

$1.28 PAB 1.28

$1.20 COP 4,319

6.67%

Imported Beer (0.33 liter bottle)

$2.40 PAB 2.40

$2.48 COP 8,924

-3.23%

One-way Ticket (Public Transport)

$0.41 PAB 0.41

$0.79 COP 2,835

-48.10%

Public Transport Monthly Pass (Regular Price)

$22.68 PAB 22.68

$40.77 COP 146.8K

-44.37%

Taxi Start (Normal Tariff)

$2.55 PAB 2.55

$1.42 COP 5,124

79.58%

Taxi (Normal Tariff) (1km)

$1.83 PAB 1.83

$1.91 COP 6,883

-4.19%

Taxi 1hour Waiting (Normal Tariff)

$21.82 PAB 21.82

$7.65 COP 27.5K

185.23%

Gasoline (1 liter)

$0.87 PAB 0.87

$0.97 COP 3,481

-10.31%

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

$19.7K PAB 19.7K

$18.1K COP 65.2M

8.68%

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

$20.8K PAB 20.8K

$26.3K COP 94.7M

-20.76%

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

$121 PAB 121

$81.3 COP 292.8K

48.42%

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

$30.37 PAB 30.37

$9.63 COP 34.7K

215.37%

Internet (50+ Mbps, Unlimited Data)

$48.88 PAB 48.88

$24.36 COP 87.7K

100.66%

Gym Membership (Monthly)

$45.39 PAB 45.39

$26.02 COP 93.7K

74.44%

Tennis Court (1 Hour on Weekend)

$32.72 PAB 32.72

$18.92 COP 68.1K

72.94%

Cinema Ticket

$8.08 PAB 8.08

$3.89 COP 14.0K

107.71%

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

$470 PAB 470

$304 COP 1.1M

54.58%

International Primary School, 1 Child (Yearly)

$15.8K PAB 15.8K

$5,902 COP 21.3M

167.25%

Jeans (Levis 501 Or Similar)

$51.7 PAB 51.7

$58.7 COP 211.3K

-11.91%

Summer Dress (H&M, Zara, etc)

$46.93 PAB 46.93

$32.48 COP 117.0K

44.49%

Sport Shoes (Adidas, Nike)

$89.0 PAB 89.0

$102 COP 366.4K

-12.52%

Men's Leather Business Shoes

$123 PAB 123

$108 COP 389.5K

14.09%

1-bedroom Apartment, City Center (Monthly)

$1,149 PAB 1,149

$474 COP 1.7M

142.27%

1-bedroom Apartment, Outside City Center (Monthly)

$883 PAB 883

$371 COP 1.3M

138.12%

3-bedroom Apartment, City Center (Monthly)

$2,063 PAB 2,063

$848 COP 3.1M

143.33%

3-bedroom Apartment, Outside City Center (Monthly)

$1,595 PAB 1,595

$716 COP 2.6M

122.69%

Buy Apartment in City Center (m2)

$3,067 PAB 3,067

$2,871 COP 10.3M

6.82%

Buy Apartment Outside City Center (m2)

$1,712 PAB 1,712

$1,375 COP 5.0M

24.49%

Average Monthly Net Salary (After Tax)

$947 PAB 947

$542 COP 1.9M

74.80%

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: April 13, 2026

Last update for Medellin: April 13, 2026

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 vs other spots: cost of living compared

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