Cost of Living Comparison Between Medellin and Panama City 
| Indices Difference |  |
|---|---|
| Cost of Living in Panama City is 40.3% higher than in Medellin (without rent) | |
| Cost of Living Including Rent in Panama City is 52.6% higher than in Medellin | |
| Rent Prices in Panama City are 88.8% higher than in Medellin | |
| Restaurant Prices in Panama City are 82.6% higher than in Medellin | |
| Groceries Prices in Panama City are 42.7% higher than in Medellin | |
| Local Purchasing Power in Panama City is 30.3% higher than in Medellin | |
Restaurants | Medellin Edit |
Panama City Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
23,000.00 Col$ (5.96 $) |
45,324.75 Col$ (11.75 $) |
+97.1 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
120,000.00 Col$ (31.11 $) |
231,445.55 Col$ (60.00 $) |
+92.9 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
26,000.00 Col$ (6.74 $) |
30,859.41 Col$ (8.00 $) |
+18.7 % |
| Domestic Beer (1 pint draught) |
5,786.14 Col$ (1.50 $) |
11,572.28 Col$ (3.00 $) |
+100.0 % |
| Imported Beer (12 oz small bottle) |
12,000.00 Col$ (3.11 $) |
15,429.70 Col$ (4.00 $) |
+28.6 % |
| Cappuccino (regular) |
6,570.59 Col$ (1.70 $) |
14,214.33 Col$ (3.68 $) |
+116.3 % |
| Coke/Pepsi (12 oz small bottle) |
3,897.51 Col$ (1.01 $) |
6,814.60 Col$ (1.77 $) |
+74.8 % |
| Water (12 oz small bottle) |
2,883.79 Col$ (0.75 $) |
5,121.28 Col$ (1.33 $) |
+77.6 % |
Markets | Medellin Edit |
Panama City Edit | |
| Milk (regular), (1 gallon) |
17,081.22 Col$ (4.43 $) |
26,019.28 Col$ (6.75 $) |
+52.3 % |
| Loaf of Fresh White Bread (1 lb) |
5,015.36 Col$ (1.30 $) |
8,715.66 Col$ (2.26 $) |
+73.8 % |
| Rice (white), (1 lb) |
2,296.94 Col$ (0.60 $) |
3,739.99 Col$ (0.97 $) |
+62.8 % |
| Eggs (regular) (12) |
8,394.00 Col$ (2.18 $) |
10,098.74 Col$ (2.62 $) |
+20.3 % |
| Local Cheese (1 lb) |
9,716.91 Col$ (2.52 $) |
20,313.72 Col$ (5.27 $) |
+109.1 % |
| Chicken Fillets (1 lb) |
10,982.02 Col$ (2.85 $) |
13,330.22 Col$ (3.46 $) |
+21.4 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
20,159.45 Col$ (5.23 $) |
16,292.63 Col$ (4.22 $) |
-19.2 % |
| Apples (1 lb) |
4,190.61 Col$ (1.09 $) |
5,338.06 Col$ (1.38 $) |
+27.4 % |
| Banana (1 lb) |
1,786.64 Col$ (0.46 $) |
2,612.22 Col$ (0.68 $) |
+46.2 % |
| Oranges (1 lb) |
2,452.97 Col$ (0.64 $) |
4,769.15 Col$ (1.24 $) |
+94.4 % |
| Tomato (1 lb) |
2,625.40 Col$ (0.68 $) |
5,379.95 Col$ (1.39 $) |
+104.9 % |
| Potato (1 lb) |
1,987.08 Col$ (0.52 $) |
3,641.91 Col$ (0.94 $) |
+83.3 % |
| Onion (1 lb) |
2,223.75 Col$ (0.58 $) |
3,813.06 Col$ (0.99 $) |
+71.5 % |
| Lettuce (1 head) |
3,695.27 Col$ (0.96 $) |
8,004.16 Col$ (2.08 $) |
+116.6 % |
| Water (1.5 liter bottle) |
3,512.69 Col$ (0.91 $) |
5,834.36 Col$ (1.51 $) |
+66.1 % |
| Bottle of Wine (Mid-Range) |
40,000.00 Col$ (10.37 $) |
34,716.83 Col$ (9.00 $) |
-13.2 % |
| Domestic Beer (0.5 liter bottle) |
4,547.42 Col$ (1.18 $) |
4,653.96 Col$ (1.21 $) |
+2.3 % |
| Imported Beer (12 oz small bottle) |
7,895.66 Col$ (2.05 $) |
7,507.14 Col$ (1.95 $) |
-4.9 % |
| Cigarettes 20 Pack (Marlboro) |
9,000.00 Col$ (2.33 $) |
22,662.38 Col$ (5.88 $) |
+151.8 % |
Transportation | Medellin Edit |
Panama City Edit | |
| One-way Ticket (Local Transport) |
2,950.00 Col$ (0.76 $) |
1,350.10 Col$ (0.35 $) |
-54.2 % |
| Monthly Pass (Regular Price) |
200,000.00 Col$ (51.85 $) |
96,435.64 Col$ (25.00 $) |
-51.8 % |
| Taxi Start (Normal Tariff) |
5,600.00 Col$ (1.45 $) |
8,679.21 Col$ (2.25 $) |
+55.0 % |
| Taxi 1 mile (Normal Tariff) |
11,506.81 Col$ (2.98 $) |
10,087.88 Col$ (2.62 $) |
-12.3 % |
| Taxi 1hour Waiting (Normal Tariff) |
30,000.00 Col$ (7.78 $) |
81,005.94 Col$ (21.00 $) |
+170.0 % |
| Gasoline (1 gallon) |
14,753.32 Col$ (3.82 $) |
14,219.64 Col$ (3.69 $) |
-3.6 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
77,000,000.00 Col$ (19,961.50 $) |
85,827,722.94 Col$ (22,250.00 $) |
+11.5 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
106,501,980.25 Col$ (27,609.60 $) |
79,055,797.73 Col$ (20,494.44 $) |
-25.8 % |
Utilities (Monthly) | Medellin Edit |
Panama City Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
330,838.59 Col$ (85.77 $) |
465,811.56 Col$ (120.76 $) |
+40.8 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
39,032.24 Col$ (10.12 $) |
113,311.88 Col$ (29.38 $) |
+190.3 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
98,272.73 Col$ (25.48 $) |
199,380.69 Col$ (51.69 $) |
+102.9 % |
Sports And Leisure | Medellin Edit |
Panama City Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
106,004.85 Col$ (27.48 $) |
165,547.86 Col$ (42.92 $) |
+56.2 % |
| Tennis Court Rent (1 Hour on Weekend) |
62,500.00 Col$ (16.20 $) |
86,792.08 Col$ (22.50 $) |
+38.9 % |
| Cinema, International Release, 1 Seat |
15,000.00 Col$ (3.89 $) |
27,001.98 Col$ (7.00 $) |
+80.0 % |
Childcare | Medellin Edit |
Panama City Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
915,000.00 Col$ (237.20 $) |
1,598,420.80 Col$ (414.38 $) |
+74.7 % |
| International Primary School, Yearly for 1 Child |
25,000,000.00 Col$ (6,481.01 $) |
34,940,562.44 Col$ (9,058.00 $) |
+39.8 % |
Clothing And Shoes | Medellin Edit |
Panama City Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
218,404.19 Col$ (56.62 $) |
207,114.09 Col$ (53.69 $) |
-5.2 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
143,846.15 Col$ (37.29 $) |
155,904.29 Col$ (40.42 $) |
+8.4 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
353,333.33 Col$ (91.60 $) |
332,461.88 Col$ (86.19 $) |
-5.9 % |
| 1 Pair of Men Leather Business Shoes |
344,158.42 Col$ (89.22 $) |
408,536.45 Col$ (105.91 $) |
+18.7 % |
Rent Per Month | Medellin Edit |
Panama City Edit | |
| Apartment (1 bedroom) in City Centre |
1,823,373.95 Col$ (472.69 $) |
3,622,306.47 Col$ (939.05 $) |
+98.7 % |
| Apartment (1 bedroom) Outside of Centre |
1,444,146.51 Col$ (374.38 $) |
2,354,164.24 Col$ (610.29 $) |
+63.0 % |
| Apartment (3 bedrooms) in City Centre |
3,489,294.55 Col$ (904.57 $) |
7,627,182.73 Col$ (1,977.27 $) |
+118.6 % |
| Apartment (3 bedrooms) Outside of Centre |
3,016,293.07 Col$ (781.94 $) |
4,847,498.36 Col$ (1,256.67 $) |
+60.7 % |
Buy Apartment Price | Medellin Edit |
Panama City Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
606,073.43 Col$ (157.12 $) |
909,347.63 Col$ (235.74 $) |
+50.0 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
551,467.86 Col$ (142.96 $) |
549,490.85 Col$ (142.45 $) |
-0.4 % |
Salaries And Financing | Medellin Edit |
Panama City Edit | |
| Average Monthly Net Salary (After Tax) |
1,720,885.28 Col$ (446.12 $) |
3,420,629.01 Col$ (886.76 $) |
+98.8 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 15.69 | 6.02 | -61.6 % |
| Last update: | May 2024 | June 2024 | |
| Contributors in the past 12 months: | 127 | 89 |
Moving to Medellin? Explore:
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