Cost of Living Comparison Between Medellin and Panama City 
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| Indices Difference |  |
|---|---|
| Consumer Prices in Panama City are 43.6% higher than in Medellin (without rent) | |
| Consumer Prices Including Rent in Panama City are 55.8% higher than in Medellin | |
| Rent Prices in Panama City are 91.3% higher than in Medellin | |
| Restaurant Prices in Panama City are 95.3% higher than in Medellin | |
| Groceries Prices in Panama City are 46.9% higher than in Medellin | |
| Local Purchasing Power in Panama City is 31.1% higher than in Medellin | |
Restaurants | Medellin Edit |
Panama City Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
22,000.00 Col$ (5.67 $) |
46,559.78 Col$ (12.00 $) |
+111.6 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
110,000.00 Col$ (28.35 $) |
232,798.88 Col$ (60.00 $) |
+111.6 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
25,000.00 Col$ (6.44 $) |
32,009.85 Col$ (8.25 $) |
+28.0 % |
| Domestic Beer (1 pint draught) |
5,000.00 Col$ (1.29 $) |
9,699.95 Col$ (2.50 $) |
+94.0 % |
| Imported Beer (12 oz small bottle) |
12,000.00 Col$ (3.09 $) |
15,519.93 Col$ (4.00 $) |
+29.3 % |
| Cappuccino (regular) |
6,455.29 Col$ (1.66 $) |
14,375.05 Col$ (3.70 $) |
+122.7 % |
| Coke/Pepsi (12 oz small bottle) |
3,879.10 Col$ (1.00 $) |
6,818.23 Col$ (1.76 $) |
+75.8 % |
| Water (12 oz small bottle) |
2,838.59 Col$ (0.73 $) |
5,176.95 Col$ (1.33 $) |
+82.4 % |
Markets | Medellin Edit |
Panama City Edit | |
| Milk (regular), (1 gallon) |
16,958.65 Col$ (4.37 $) |
25,843.02 Col$ (6.66 $) |
+52.4 % |
| Loaf of Fresh White Bread (1 lb) |
4,659.29 Col$ (1.20 $) |
8,455.58 Col$ (2.18 $) |
+81.5 % |
| Rice (white), (1 lb) |
2,193.00 Col$ (0.57 $) |
3,695.86 Col$ (0.95 $) |
+68.5 % |
| Eggs (regular) (12) |
8,472.52 Col$ (2.18 $) |
9,871.03 Col$ (2.54 $) |
+16.5 % |
| Local Cheese (1 lb) |
9,057.93 Col$ (2.33 $) |
19,140.23 Col$ (4.93 $) |
+111.3 % |
| Chicken Fillets (1 lb) |
10,302.14 Col$ (2.66 $) |
13,146.69 Col$ (3.39 $) |
+27.6 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
18,533.01 Col$ (4.78 $) |
15,770.34 Col$ (4.06 $) |
-14.9 % |
| Apples (1 lb) |
4,284.31 Col$ (1.10 $) |
5,435.15 Col$ (1.40 $) |
+26.9 % |
| Banana (1 lb) |
1,638.74 Col$ (0.42 $) |
2,420.36 Col$ (0.62 $) |
+47.7 % |
| Oranges (1 lb) |
2,271.30 Col$ (0.59 $) |
5,024.92 Col$ (1.30 $) |
+121.2 % |
| Tomato (1 lb) |
2,603.30 Col$ (0.67 $) |
5,452.15 Col$ (1.41 $) |
+109.4 % |
| Potato (1 lb) |
2,097.27 Col$ (0.54 $) |
3,649.02 Col$ (0.94 $) |
+74.0 % |
| Onion (1 lb) |
2,248.62 Col$ (0.58 $) |
3,782.65 Col$ (0.97 $) |
+68.2 % |
| Lettuce (1 head) |
3,400.88 Col$ (0.88 $) |
8,449.23 Col$ (2.18 $) |
+148.4 % |
| Water (1.5 liter bottle) |
3,347.17 Col$ (0.86 $) |
5,568.91 Col$ (1.44 $) |
+66.4 % |
| Bottle of Wine (Mid-Range) |
38,805.84 Col$ (10.00 $) |
34,919.83 Col$ (9.00 $) |
-10.0 % |
| Domestic Beer (0.5 liter bottle) |
4,471.11 Col$ (1.15 $) |
4,638.03 Col$ (1.20 $) |
+3.7 % |
| Imported Beer (12 oz small bottle) |
7,887.59 Col$ (2.03 $) |
7,203.83 Col$ (1.86 $) |
-8.7 % |
| Cigarettes 20 Pack (Marlboro) |
9,000.00 Col$ (2.32 $) |
22,309.89 Col$ (5.75 $) |
+147.9 % |
Transportation | Medellin Edit |
Panama City Edit | |
| One-way Ticket (Local Transport) |
2,925.00 Col$ (0.75 $) |
1,357.99 Col$ (0.35 $) |
-53.6 % |
| Monthly Pass (Regular Price) |
200,000.00 Col$ (51.55 $) |
96,999.53 Col$ (25.00 $) |
-51.5 % |
| Taxi Start (Normal Tariff) |
5,000.00 Col$ (1.29 $) |
7,759.96 Col$ (2.00 $) |
+55.2 % |
| Taxi 1 mile (Normal Tariff) |
12,874.76 Col$ (3.32 $) |
9,366.34 Col$ (2.41 $) |
-27.3 % |
| Taxi 1hour Waiting (Normal Tariff) |
30,000.00 Col$ (7.73 $) |
77,599.63 Col$ (20.00 $) |
+158.7 % |
| Gasoline (1 gallon) |
14,719.98 Col$ (3.79 $) |
14,334.72 Col$ (3.69 $) |
-2.6 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
78,000,000.00 Col$ (20,103.19 $) |
86,329,584.84 Col$ (22,250.00 $) |
+10.7 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
110,442,723.89 Col$ (28,464.76 $) |
79,518,062.04 Col$ (20,494.44 $) |
-28.0 % |
Utilities (Monthly) | Medellin Edit |
Panama City Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
313,985.56 Col$ (80.92 $) |
437,067.99 Col$ (112.65 $) |
+39.2 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
39,032.24 Col$ (10.06 $) |
113,812.79 Col$ (29.33 $) |
+191.6 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
96,615.38 Col$ (24.90 $) |
201,060.63 Col$ (51.82 $) |
+108.1 % |
Sports And Leisure | Medellin Edit |
Panama City Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
104,538.84 Col$ (26.94 $) |
158,820.57 Col$ (40.93 $) |
+51.9 % |
| Tennis Court Rent (1 Hour on Weekend) |
55,000.00 Col$ (14.18 $) |
96,999.53 Col$ (25.00 $) |
+76.4 % |
| Cinema, International Release, 1 Seat |
15,000.00 Col$ (3.87 $) |
27,159.87 Col$ (7.00 $) |
+81.1 % |
Childcare | Medellin Edit |
Panama City Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
920,000.00 Col$ (237.11 $) |
1,583,517.38 Col$ (408.12 $) |
+72.1 % |
| International Primary School, Yearly for 1 Child |
25,000,000.00 Col$ (6,443.33 $) |
37,541,729.46 Col$ (9,675.75 $) |
+50.2 % |
Clothing And Shoes | Medellin Edit |
Panama City Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
213,896.27 Col$ (55.13 $) |
209,276.49 Col$ (53.94 $) |
-2.2 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
155,625.00 Col$ (40.11 $) |
158,247.81 Col$ (40.79 $) |
+1.7 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
345,714.29 Col$ (89.10 $) |
320,404.77 Col$ (82.58 $) |
-7.3 % |
| 1 Pair of Men Leather Business Shoes |
336,004.49 Col$ (86.60 $) |
360,283.98 Col$ (92.86 $) |
+7.2 % |
Rent Per Month | Medellin Edit |
Panama City Edit | |
| Apartment (1 bedroom) in City Centre |
1,823,133.19 Col$ (469.88 $) |
3,592,510.00 Col$ (925.91 $) |
+97.1 % |
| Apartment (1 bedroom) Outside of Centre |
1,440,634.14 Col$ (371.30 $) |
2,322,599.94 Col$ (598.61 $) |
+61.2 % |
| Apartment (3 bedrooms) in City Centre |
3,357,495.67 Col$ (865.34 $) |
7,946,201.79 Col$ (2,048.00 $) |
+136.7 % |
| Apartment (3 bedrooms) Outside of Centre |
3,048,444.64 Col$ (785.69 $) |
4,633,154.19 Col$ (1,194.12 $) |
+52.0 % |
Buy Apartment Price | Medellin Edit |
Panama City Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
645,223.68 Col$ (166.30 $) |
886,986.76 Col$ (228.61 $) |
+37.5 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
556,413.11 Col$ (143.41 $) |
525,240.35 Col$ (135.37 $) |
-5.6 % |
Salaries And Financing | Medellin Edit |
Panama City Edit | |
| Average Monthly Net Salary (After Tax) |
1,637,787.88 Col$ (422.11 $) |
3,343,931.29 Col$ (861.84 $) |
+104.2 % |
| 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: | 121 | 86 |
Moving to Medellin? Explore:
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