Cost of Living Comparison Between Medellin and Panama City 
| Indices Difference |  |
|---|---|
| Cost of Living in Panama City is 42.9% higher than in Medellin (without rent) | |
| Cost of Living Including Rent in Panama City is 54.8% higher than in Medellin | |
| Rent Prices in Panama City are 89.4% higher than in Medellin | |
| Restaurant Prices in Panama City are 91.8% higher than in Medellin | |
| Groceries Prices in Panama City are 46.6% higher than in Medellin | |
| Local Purchasing Power in Panama City is 31.4% higher than in Medellin | |
Restaurants | Medellin Edit |
Panama City Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
22,000.00 Col$ (5.69 $) |
45,428.50 Col$ (11.75 $) |
+106.5 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
110,000.00 Col$ (28.45 $) |
231,975.32 Col$ (60.00 $) |
+110.9 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
26,000.00 Col$ (6.72 $) |
30,930.04 Col$ (8.00 $) |
+19.0 % |
| Domestic Beer (1 pint draught) |
5,000.00 Col$ (1.29 $) |
10,632.20 Col$ (2.75 $) |
+112.6 % |
| Imported Beer (12 oz small bottle) |
12,000.00 Col$ (3.10 $) |
15,465.02 Col$ (4.00 $) |
+28.9 % |
| Cappuccino (regular) |
6,524.21 Col$ (1.69 $) |
14,368.07 Col$ (3.72 $) |
+120.2 % |
| Coke/Pepsi (12 oz small bottle) |
3,928.75 Col$ (1.02 $) |
6,830.20 Col$ (1.77 $) |
+73.9 % |
| Water (12 oz small bottle) |
2,890.90 Col$ (0.75 $) |
5,133.00 Col$ (1.33 $) |
+77.6 % |
Markets | Medellin Edit |
Panama City Edit | |
| Milk (regular), (1 gallon) |
16,958.65 Col$ (4.39 $) |
25,815.52 Col$ (6.68 $) |
+52.2 % |
| Loaf of Fresh White Bread (1 lb) |
4,659.29 Col$ (1.21 $) |
8,536.01 Col$ (2.21 $) |
+83.2 % |
| Rice (white), (1 lb) |
2,193.00 Col$ (0.57 $) |
3,682.78 Col$ (0.95 $) |
+67.9 % |
| Eggs (regular) (12) |
8,472.52 Col$ (2.19 $) |
9,836.10 Col$ (2.54 $) |
+16.1 % |
| Local Cheese (1 lb) |
9,057.93 Col$ (2.34 $) |
19,072.51 Col$ (4.93 $) |
+110.6 % |
| Chicken Fillets (1 lb) |
10,302.83 Col$ (2.66 $) |
13,206.44 Col$ (3.42 $) |
+28.2 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
18,533.01 Col$ (4.79 $) |
15,719.47 Col$ (4.07 $) |
-15.2 % |
| Apples (1 lb) |
4,283.94 Col$ (1.11 $) |
5,415.92 Col$ (1.40 $) |
+26.4 % |
| Banana (1 lb) |
1,638.37 Col$ (0.42 $) |
2,411.80 Col$ (0.62 $) |
+47.2 % |
| Oranges (1 lb) |
2,270.62 Col$ (0.59 $) |
5,007.14 Col$ (1.30 $) |
+120.5 % |
| Tomato (1 lb) |
2,603.30 Col$ (0.67 $) |
5,432.86 Col$ (1.41 $) |
+108.7 % |
| Potato (1 lb) |
2,097.50 Col$ (0.54 $) |
3,636.11 Col$ (0.94 $) |
+73.4 % |
| Onion (1 lb) |
2,248.83 Col$ (0.58 $) |
3,769.27 Col$ (0.97 $) |
+67.6 % |
| Lettuce (1 head) |
3,399.69 Col$ (0.88 $) |
8,419.34 Col$ (2.18 $) |
+147.7 % |
| Water (1.5 liter bottle) |
3,346.51 Col$ (0.87 $) |
5,549.21 Col$ (1.44 $) |
+65.8 % |
| Bottle of Wine (Mid-Range) |
38,662.55 Col$ (10.00 $) |
34,796.30 Col$ (9.00 $) |
-10.0 % |
| Domestic Beer (0.5 liter bottle) |
4,469.98 Col$ (1.16 $) |
4,621.62 Col$ (1.20 $) |
+3.4 % |
| Imported Beer (12 oz small bottle) |
7,885.35 Col$ (2.04 $) |
7,178.35 Col$ (1.86 $) |
-9.0 % |
| Cigarettes 20 Pack (Marlboro) |
9,000.00 Col$ (2.33 $) |
22,230.97 Col$ (5.75 $) |
+147.0 % |
Transportation | Medellin Edit |
Panama City Edit | |
| One-way Ticket (Local Transport) |
2,950.00 Col$ (0.76 $) |
1,353.19 Col$ (0.35 $) |
-54.1 % |
| Monthly Pass (Regular Price) |
200,000.00 Col$ (51.73 $) |
96,656.38 Col$ (25.00 $) |
-51.7 % |
| Taxi Start (Normal Tariff) |
5,000.00 Col$ (1.29 $) |
7,732.51 Col$ (2.00 $) |
+54.7 % |
| Taxi 1 mile (Normal Tariff) |
12,874.76 Col$ (3.33 $) |
10,110.97 Col$ (2.62 $) |
-21.5 % |
| Taxi 1hour Waiting (Normal Tariff) |
30,000.00 Col$ (7.76 $) |
77,325.11 Col$ (20.00 $) |
+157.8 % |
| Gasoline (1 gallon) |
14,753.32 Col$ (3.82 $) |
14,359.63 Col$ (3.71 $) |
-2.7 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
78,000,000.00 Col$ (20,174.56 $) |
86,024,179.58 Col$ (22,250.00 $) |
+10.3 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
110,375,857.89 Col$ (28,548.52 $) |
79,236,753.68 Col$ (20,494.44 $) |
-28.2 % |
Utilities (Monthly) | Medellin Edit |
Panama City Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
313,985.56 Col$ (81.21 $) |
434,684.62 Col$ (112.43 $) |
+38.4 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
39,032.24 Col$ (10.10 $) |
113,571.25 Col$ (29.38 $) |
+191.0 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
96,615.38 Col$ (24.99 $) |
198,591.69 Col$ (51.37 $) |
+105.5 % |
Sports And Leisure | Medellin Edit |
Panama City Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
104,517.34 Col$ (27.03 $) |
158,258.72 Col$ (40.93 $) |
+51.4 % |
| Tennis Court Rent (1 Hour on Weekend) |
55,000.00 Col$ (14.23 $) |
96,656.38 Col$ (25.00 $) |
+75.7 % |
| Cinema, International Release, 1 Seat |
15,000.00 Col$ (3.88 $) |
27,063.79 Col$ (7.00 $) |
+80.4 % |
Childcare | Medellin Edit |
Panama City Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
920,000.00 Col$ (237.96 $) |
1,498,173.91 Col$ (387.50 $) |
+62.8 % |
| International Primary School, Yearly for 1 Child |
25,000,000.00 Col$ (6,466.21 $) |
37,408,919.35 Col$ (9,675.75 $) |
+49.6 % |
Clothing And Shoes | Medellin Edit |
Panama City Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
213,858.57 Col$ (55.31 $) |
208,536.14 Col$ (53.94 $) |
-2.5 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
155,625.00 Col$ (40.25 $) |
157,687.98 Col$ (40.79 $) |
+1.3 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
345,714.29 Col$ (89.42 $) |
319,271.29 Col$ (82.58 $) |
-7.6 % |
| 1 Pair of Men Leather Business Shoes |
335,894.27 Col$ (86.88 $) |
359,009.42 Col$ (92.86 $) |
+6.9 % |
Rent Per Month | Medellin Edit |
Panama City Edit | |
| Apartment (1 bedroom) in City Centre |
1,853,032.93 Col$ (479.28 $) |
3,579,800.89 Col$ (925.91 $) |
+93.2 % |
| Apartment (1 bedroom) Outside of Centre |
1,454,746.77 Col$ (376.27 $) |
2,314,383.36 Col$ (598.61 $) |
+59.1 % |
| Apartment (3 bedrooms) in City Centre |
3,406,204.16 Col$ (881.01 $) |
7,918,090.78 Col$ (2,048.00 $) |
+132.5 % |
| Apartment (3 bedrooms) Outside of Centre |
3,013,847.74 Col$ (779.53 $) |
4,616,763.64 Col$ (1,194.12 $) |
+53.2 % |
Buy Apartment Price | Medellin Edit |
Panama City Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
644,946.23 Col$ (166.81 $) |
883,848.90 Col$ (228.61 $) |
+37.0 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
556,413.11 Col$ (143.92 $) |
523,382.22 Col$ (135.37 $) |
-5.9 % |
Salaries And Financing | Medellin Edit |
Panama City Edit | |
| Average Monthly Net Salary (After Tax) |
1,637,787.88 Col$ (423.61 $) |
3,332,101.57 Col$ (861.84 $) |
+103.5 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 14.55 | 6.07 | -58.3 % |
| Last update: | May 2024 | May 2024 | |
| Contributors in the past 12 months: | 123 | 88 |
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 |
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| Cost of Living in Pacora | 19.85 miles |
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| Cost of Living in Santiago | 161.98 miles |