Cost of Living Comparison Between Medellin and Panama City 
| Indices Difference |  |
|---|---|
| Cost of Living in Panama City is 61.2% higher than in Medellin (without rent) | |
| Cost of Living Including Rent in Panama City is 74.3% higher than in Medellin | |
| Rent Prices in Panama City are 114.4% higher than in Medellin | |
| Restaurant Prices in Panama City are 94.0% higher than in Medellin | |
| Groceries Prices in Panama City are 72.0% higher than in Medellin | |
| Local Purchasing Power in Panama City is 30.1% higher than in Medellin | |
Restaurants | Medellin Edit |
Panama City Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
25,000.00 Col$ (5.77 $) |
51,977.60 Col$ (12.00 $) |
+107.9 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
120,000.00 Col$ (27.70 $) |
270,716.66 Col$ (62.50 $) |
+125.6 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
29,000.00 Col$ (6.70 $) |
34,651.73 Col$ (8.00 $) |
+19.5 % |
| Domestic Beer (0.5 liter draught) |
6,000.00 Col$ (1.39 $) |
12,994.40 Col$ (3.00 $) |
+116.6 % |
| Imported Beer (0.33 liter bottle) |
12,000.00 Col$ (2.77 $) |
17,325.87 Col$ (4.00 $) |
+44.4 % |
| Cappuccino (regular) |
6,707.07 Col$ (1.55 $) |
15,548.62 Col$ (3.59 $) |
+131.8 % |
| Coke/Pepsi (0.33 liter bottle) |
4,131.06 Col$ (0.95 $) |
8,044.77 Col$ (1.86 $) |
+94.7 % |
| Water (0.33 liter bottle) |
2,988.12 Col$ (0.69 $) |
6,112.54 Col$ (1.41 $) |
+104.6 % |
Markets | Medellin Edit |
Panama City Edit | |
| Milk (regular), (1 liter) |
4,517.41 Col$ (1.04 $) |
7,687.32 Col$ (1.77 $) |
+70.2 % |
| Loaf of Fresh White Bread (500g) |
6,102.30 Col$ (1.41 $) |
10,979.10 Col$ (2.53 $) |
+79.9 % |
| Rice (white), (1kg) |
5,504.77 Col$ (1.27 $) |
10,762.25 Col$ (2.48 $) |
+95.5 % |
| Eggs (regular) (12) |
8,490.57 Col$ (1.96 $) |
11,352.16 Col$ (2.62 $) |
+33.7 % |
| Local Cheese (1kg) |
18,909.92 Col$ (4.37 $) |
55,593.83 Col$ (12.83 $) |
+194.0 % |
| Chicken Fillets (1kg) |
22,182.75 Col$ (5.12 $) |
32,535.50 Col$ (7.51 $) |
+46.7 % |
| Beef Round (1kg) (or Equivalent Back Leg Red Meat) |
41,798.62 Col$ (9.65 $) |
44,727.39 Col$ (10.33 $) |
+7.0 % |
| Apples (1kg) |
9,062.30 Col$ (2.09 $) |
14,557.73 Col$ (3.36 $) |
+60.6 % |
| Banana (1kg) |
3,982.89 Col$ (0.92 $) |
6,734.71 Col$ (1.55 $) |
+69.1 % |
| Oranges (1kg) |
5,707.47 Col$ (1.32 $) |
13,286.50 Col$ (3.07 $) |
+132.8 % |
| Tomato (1kg) |
5,552.31 Col$ (1.28 $) |
13,498.63 Col$ (3.12 $) |
+143.1 % |
| Potato (1kg) |
4,696.51 Col$ (1.08 $) |
9,394.73 Col$ (2.17 $) |
+100.0 % |
| Onion (1kg) |
4,856.41 Col$ (1.12 $) |
10,885.44 Col$ (2.51 $) |
+124.1 % |
| Lettuce (1 head) |
3,637.11 Col$ (0.84 $) |
9,395.95 Col$ (2.17 $) |
+158.3 % |
| Water (1.5 liter bottle) |
3,533.72 Col$ (0.82 $) |
6,497.20 Col$ (1.50 $) |
+83.9 % |
| Bottle of Wine (Mid-Range) |
41,657.33 Col$ (9.62 $) |
38,983.20 Col$ (9.00 $) |
-6.4 % |
| Domestic Beer (0.5 liter bottle) |
4,604.21 Col$ (1.06 $) |
5,143.38 Col$ (1.19 $) |
+11.7 % |
| Imported Beer (0.33 liter bottle) |
8,577.96 Col$ (1.98 $) |
8,987.79 Col$ (2.08 $) |
+4.8 % |
| Cigarettes 20 Pack (Marlboro) |
9,000.00 Col$ (2.08 $) |
25,447.37 Col$ (5.88 $) |
+182.7 % |
Transportation | Medellin Edit |
Panama City Edit | |
| One-way Ticket (Local Transport) |
3,200.00 Col$ (0.74 $) |
1,516.01 Col$ (0.35 $) |
-52.6 % |
| Monthly Pass (Regular Price) |
160,000.00 Col$ (36.94 $) |
108,286.67 Col$ (25.00 $) |
-32.3 % |
| Taxi Start (Normal Tariff) |
5,233.91 Col$ (1.21 $) |
9,745.80 Col$ (2.25 $) |
+86.2 % |
| Taxi 1km (Normal Tariff) |
7,150.00 Col$ (1.65 $) |
7,827.21 Col$ (1.81 $) |
+9.5 % |
| Taxi 1hour Waiting (Normal Tariff) |
29,000.00 Col$ (6.70 $) |
90,960.80 Col$ (21.00 $) |
+213.7 % |
| Gasoline (1 liter) |
3,944.71 Col$ (0.91 $) |
4,222.79 Col$ (0.97 $) |
+7.0 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
77,000,000.00 Col$ (17,776.89 $) |
85,546,465.88 Col$ (19,750.00 $) |
+11.1 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
109,820,266.39 Col$ (25,354.06 $) |
92,693,385.82 Col$ (21,400.00 $) |
-15.6 % |
Utilities (Monthly) | Medellin Edit |
Panama City Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment |
326,113.70 Col$ (75.29 $) |
521,690.77 Col$ (120.44 $) |
+60.0 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
39,788.00 Col$ (9.19 $) |
127,537.63 Col$ (29.44 $) |
+220.5 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
98,500.00 Col$ (22.74 $) |
221,298.57 Col$ (51.09 $) |
+124.7 % |
Sports And Leisure | Medellin Edit |
Panama City Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
115,793.67 Col$ (26.73 $) |
198,525.55 Col$ (45.83 $) |
+71.4 % |
| Tennis Court Rent (1 Hour on Weekend) |
71,250.00 Col$ (16.45 $) |
104,677.11 Col$ (24.17 $) |
+46.9 % |
| Cinema, International Release, 1 Seat |
18,000.00 Col$ (4.16 $) |
30,320.27 Col$ (7.00 $) |
+68.4 % |
Childcare | Medellin Edit |
Panama City Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
1,123,333.33 Col$ (259.34 $) |
1,902,235.76 Col$ (439.17 $) |
+69.3 % |
| International Primary School, Yearly for 1 Child |
25,800,000.00 Col$ (5,956.41 $) |
41,197,445.38 Col$ (9,511.20 $) |
+59.7 % |
Clothing And Shoes | Medellin Edit |
Panama City Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
243,327.84 Col$ (56.18 $) |
233,505.43 Col$ (53.91 $) |
-4.0 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
149,759.24 Col$ (34.57 $) |
163,633.18 Col$ (37.78 $) |
+9.3 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
377,222.22 Col$ (87.09 $) |
379,503.11 Col$ (87.62 $) |
+0.6 % |
| 1 Pair of Men Leather Business Shoes |
392,104.24 Col$ (90.52 $) |
457,210.37 Col$ (105.56 $) |
+16.6 % |
Rent Per Month | Medellin Edit |
Panama City Edit | |
| Apartment (1 bedroom) in City Centre |
1,997,638.18 Col$ (461.19 $) |
4,207,710.44 Col$ (971.43 $) |
+110.6 % |
| Apartment (1 bedroom) Outside of Centre |
1,516,060.63 Col$ (350.01 $) |
3,006,547.42 Col$ (694.12 $) |
+98.3 % |
| Apartment (3 bedrooms) in City Centre |
3,737,743.03 Col$ (862.93 $) |
8,795,649.39 Col$ (2,030.64 $) |
+135.3 % |
| Apartment (3 bedrooms) Outside of Centre |
3,137,236.26 Col$ (724.29 $) |
6,267,090.78 Col$ (1,446.88 $) |
+99.8 % |
Buy Apartment Price | Medellin Edit |
Panama City Edit | |
| Price per Square Meter to Buy Apartment in City Centre |
6,666,756.61 Col$ (1,539.15 $) |
10,503,806.57 Col$ (2,425.00 $) |
+57.6 % |
| Price per Square Meter to Buy Apartment Outside of Centre |
6,036,000.00 Col$ (1,393.52 $) |
6,641,582.16 Col$ (1,533.33 $) |
+10.0 % |
Salaries And Financing | Medellin Edit |
Panama City Edit | |
| Average Monthly Net Salary (After Tax) |
1,739,455.60 Col$ (401.59 $) |
3,943,439.41 Col$ (910.42 $) |
+126.7 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 15.69 | 6.17 | -60.7 % |
| Last update: | October 2024 | October 2024 | |
| Contributors in the past 12 months: | 139 | 103 |
Moving to Medellin? Explore:
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| Cost of Living in Armenia | 259.19 km |
| Cost of Living in Apartadó | 293.64 km |
Cities near Panama City: | Cost of Living in San Miguelito | 13.05 km |
| Cost of Living in Tocumen | 24.84 km |
| Cost of Living in Pacora | 31.95 km |
| Cost of Living in El Coco | 54.60 km |
| Cost of Living in Aguadulce | 205.65 km |
| Cost of Living in Santiago | 260.68 km |