Cost of Living Comparison Between Medellin and Panama City 
| Indices Difference |  |
|---|---|
| Consumer Prices in Panama City are 43.8% higher than in Medellin (without rent) | |
| Consumer Prices Including Rent in Panama City are 56.9% higher than in Medellin | |
| Rent Prices in Panama City are 95.9% higher than in Medellin | |
| Restaurant Prices in Panama City are 96.8% higher than in Medellin | |
| Groceries Prices in Panama City are 47.0% 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 |
22,000.00 Col$ (5.66 $) |
46,608.81 Col$ (12.00 $) |
+111.9 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
110,000.00 Col$ (28.32 $) |
233,044.04 Col$ (60.00 $) |
+111.9 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
25,000.00 Col$ (6.44 $) |
32,043.56 Col$ (8.25 $) |
+28.2 % |
| Domestic Beer (1 pint draught) |
5,000.00 Col$ (1.29 $) |
9,710.17 Col$ (2.50 $) |
+94.2 % |
| Imported Beer (12 oz small bottle) |
11,500.00 Col$ (2.96 $) |
15,536.27 Col$ (4.00 $) |
+35.1 % |
| Cappuccino (regular) |
6,198.61 Col$ (1.60 $) |
14,390.18 Col$ (3.70 $) |
+132.2 % |
| Coke/Pepsi (12 oz small bottle) |
3,765.34 Col$ (0.97 $) |
6,825.41 Col$ (1.76 $) |
+81.3 % |
| Water (12 oz small bottle) |
2,754.71 Col$ (0.71 $) |
5,182.40 Col$ (1.33 $) |
+88.1 % |
Markets | Medellin Edit |
Panama City Edit | |
| Milk (regular), (1 gallon) |
16,958.65 Col$ (4.37 $) |
25,870.24 Col$ (6.66 $) |
+52.5 % |
| Loaf of Fresh White Bread (1 lb) |
4,659.29 Col$ (1.20 $) |
8,464.48 Col$ (2.18 $) |
+81.7 % |
| Rice (white), (1 lb) |
2,193.00 Col$ (0.56 $) |
3,699.75 Col$ (0.95 $) |
+68.7 % |
| Eggs (regular) (12) |
8,472.52 Col$ (2.18 $) |
9,881.42 Col$ (2.54 $) |
+16.6 % |
| Local Cheese (1 lb) |
9,057.93 Col$ (2.33 $) |
19,160.38 Col$ (4.93 $) |
+111.5 % |
| Chicken Fillets (1 lb) |
10,301.92 Col$ (2.65 $) |
13,160.54 Col$ (3.39 $) |
+27.7 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
18,533.01 Col$ (4.77 $) |
15,786.95 Col$ (4.06 $) |
-14.8 % |
| Apples (1 lb) |
4,284.98 Col$ (1.10 $) |
5,440.87 Col$ (1.40 $) |
+27.0 % |
| Banana (1 lb) |
1,638.82 Col$ (0.42 $) |
2,422.91 Col$ (0.62 $) |
+47.8 % |
| Oranges (1 lb) |
2,271.92 Col$ (0.58 $) |
5,030.21 Col$ (1.30 $) |
+121.4 % |
| Tomato (1 lb) |
2,603.30 Col$ (0.67 $) |
5,457.89 Col$ (1.41 $) |
+109.7 % |
| Potato (1 lb) |
2,097.19 Col$ (0.54 $) |
3,652.86 Col$ (0.94 $) |
+74.2 % |
| Onion (1 lb) |
2,248.55 Col$ (0.58 $) |
3,786.63 Col$ (0.97 $) |
+68.4 % |
| Lettuce (1 head) |
3,401.17 Col$ (0.88 $) |
8,458.13 Col$ (2.18 $) |
+148.7 % |
| Water (1.5 liter bottle) |
3,347.32 Col$ (0.86 $) |
5,574.78 Col$ (1.44 $) |
+66.5 % |
| Bottle of Wine (Mid-Range) |
38,840.67 Col$ (10.00 $) |
34,956.61 Col$ (9.00 $) |
-10.0 % |
| Domestic Beer (0.5 liter bottle) |
4,471.39 Col$ (1.15 $) |
4,642.91 Col$ (1.20 $) |
+3.8 % |
| Imported Beer (12 oz small bottle) |
7,888.14 Col$ (2.03 $) |
7,211.42 Col$ (1.86 $) |
-8.6 % |
| Cigarettes 20 Pack (Marlboro) |
9,000.00 Col$ (2.32 $) |
22,333.39 Col$ (5.75 $) |
+148.1 % |
Transportation | Medellin Edit |
Panama City Edit | |
| One-way Ticket (Local Transport) |
2,925.00 Col$ (0.75 $) |
1,359.42 Col$ (0.35 $) |
-53.5 % |
| Monthly Pass (Regular Price) |
200,000.00 Col$ (51.49 $) |
97,101.68 Col$ (25.00 $) |
-51.4 % |
| Taxi Start (Normal Tariff) |
5,000.00 Col$ (1.29 $) |
7,768.13 Col$ (2.00 $) |
+55.4 % |
| Taxi 1 mile (Normal Tariff) |
12,874.76 Col$ (3.31 $) |
9,376.20 Col$ (2.41 $) |
-27.2 % |
| Taxi 1hour Waiting (Normal Tariff) |
30,000.00 Col$ (7.72 $) |
77,681.35 Col$ (20.00 $) |
+158.9 % |
| Gasoline (1 gallon) |
14,719.98 Col$ (3.79 $) |
14,349.82 Col$ (3.69 $) |
-2.5 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
78,000,000.00 Col$ (20,082.04 $) |
86,420,499.65 Col$ (22,250.00 $) |
+10.8 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
110,458,981.20 Col$ (28,439.00 $) |
79,601,803.55 Col$ (20,494.44 $) |
-27.9 % |
Utilities (Monthly) | Medellin Edit |
Panama City Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
313,985.56 Col$ (80.84 $) |
437,528.27 Col$ (112.65 $) |
+39.3 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
39,032.24 Col$ (10.05 $) |
113,932.64 Col$ (29.33 $) |
+191.9 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
96,615.38 Col$ (24.87 $) |
201,272.37 Col$ (51.82 $) |
+108.3 % |
Sports And Leisure | Medellin Edit |
Panama City Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
104,544.06 Col$ (26.92 $) |
158,987.83 Col$ (40.93 $) |
+52.1 % |
| Tennis Court Rent (1 Hour on Weekend) |
55,000.00 Col$ (14.16 $) |
97,101.68 Col$ (25.00 $) |
+76.5 % |
| Cinema, International Release, 1 Seat |
15,000.00 Col$ (3.86 $) |
27,188.47 Col$ (7.00 $) |
+81.3 % |
Childcare | Medellin Edit |
Panama City Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
920,000.00 Col$ (236.87 $) |
1,585,185.01 Col$ (408.12 $) |
+72.3 % |
| International Primary School, Yearly for 1 Child |
25,000,000.00 Col$ (6,436.55 $) |
37,581,265.15 Col$ (9,675.75 $) |
+50.3 % |
Clothing And Shoes | Medellin Edit |
Panama City Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
213,905.44 Col$ (55.07 $) |
209,496.89 Col$ (53.94 $) |
-2.1 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
155,625.00 Col$ (40.07 $) |
158,414.46 Col$ (40.79 $) |
+1.8 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
345,714.29 Col$ (89.01 $) |
320,742.20 Col$ (82.58 $) |
-7.2 % |
| 1 Pair of Men Leather Business Shoes |
336,031.29 Col$ (86.52 $) |
360,663.40 Col$ (92.86 $) |
+7.3 % |
Rent Per Month | Medellin Edit |
Panama City Edit | |
| Apartment (1 bedroom) in City Centre |
1,794,014.70 Col$ (461.89 $) |
3,596,293.32 Col$ (925.91 $) |
+100.5 % |
| Apartment (1 bedroom) Outside of Centre |
1,416,374.32 Col$ (364.66 $) |
2,325,045.90 Col$ (598.61 $) |
+64.2 % |
| Apartment (3 bedrooms) in City Centre |
3,235,013.84 Col$ (832.89 $) |
7,954,570.04 Col$ (2,048.00 $) |
+145.9 % |
| Apartment (3 bedrooms) Outside of Centre |
3,007,246.85 Col$ (774.25 $) |
4,638,033.42 Col$ (1,194.12 $) |
+54.2 % |
Buy Apartment Price | Medellin Edit |
Panama City Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
645,291.13 Col$ (166.14 $) |
887,920.86 Col$ (228.61 $) |
+37.6 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
556,413.11 Col$ (143.26 $) |
525,793.48 Col$ (135.37 $) |
-5.5 % |
Salaries And Financing | Medellin Edit |
Panama City Edit | |
| Average Monthly Net Salary (After Tax) |
1,637,787.88 Col$ (421.67 $) |
3,347,452.82 Col$ (861.84 $) |
+104.4 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 14.55 | 6.07 | -58.3 % |
| Last update: | May 2024 | April 2024 | |
| Contributors in the past 12 months: | 119 | 86 |
Moving to Medellin? Explore:
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| Cost of Living in Armenia | 161.05 miles |
Cities near Panama City: | Cost of Living in San Miguelito | 8.11 miles |
| Cost of Living in Tocumen | 15.44 miles |
| Cost of Living in Pacora | 19.85 miles |
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| Cost of Living in Aguadulce | 127.78 miles |
| Cost of Living in Santiago | 161.98 miles |