Cost of Living Comparison Between Medellin and Panama City 

Indices DifferenceInfo
Consumer Prices in Panama City are 87.98% higher than in Medellin (without rent)
Consumer Prices Including Rent in Panama City are 108.14% higher than in Medellin
Rent Prices in Panama City are 179.42% higher than in Medellin
Restaurant Prices in Panama City are 114.14% higher than in Medellin
Groceries Prices in Panama City are 114.87% higher than in Medellin
Local Purchasing Power in Panama City is 1.98% lower than in Medellin
Currency: Sticky Currency      Switch to metric measurement units
Restaurants
Medellin Edit Panama City Edit Difference
Meal, Inexpensive Restaurant 15,354.92 Col$
(4.00 $)
34,548.57 Col$
(9.00 $)
     +125.00 %
Meal for 2 People, Mid-range Restaurant, Three-course 80,000.00 Col$
(20.84 $)
191,936.49 Col$
(50.00 $)
     +139.92 %
McMeal at McDonalds (or Equivalent Combo Meal) 20,000.00 Col$
(5.21 $)
26,871.11 Col$
(7.00 $)
     +34.36 %
Domestic Beer (1 pint draught) 4,000.00 Col$
(1.04 $)
9,596.82 Col$
(2.50 $)
     +139.92 %
Imported Beer (12 oz small bottle) 8,000.00 Col$
(2.08 $)
12,475.87 Col$
(3.25 $)
     +55.95 %
Cappuccino (regular) 4,837.35 Col$
(1.26 $)
12,167.10 Col$
(3.17 $)
     +151.52 %
Coke/Pepsi (12 oz small bottle) 3,095.91 Col$
(0.81 $)
5,518.17 Col$
(1.44 $)
     +78.24 %
Water (12 oz small bottle) 2,444.48 Col$
(0.64 $)
4,326.57 Col$
(1.13 $)
     +76.99 %
Markets
Medellin Edit Panama City Edit
Milk (regular), (1 gallon) 8,942.34 Col$
(2.33 $)
22,084.50 Col$
(5.75 $)
     +146.97 %
Loaf of Fresh White Bread (1 lb) 3,054.93 Col$
(0.80 $)
6,930.73 Col$
(1.81 $)
     +126.87 %
Rice (white), (1 lb) 1,607.48 Col$
(0.42 $)
3,891.72 Col$
(1.01 $)
     +142.10 %
Eggs (regular) (12) 5,369.17 Col$
(1.40 $)
8,052.19 Col$
(2.10 $)
     +49.97 %
Local Cheese (1 lb) 4,976.08 Col$
(1.30 $)
15,317.12 Col$
(3.99 $)
     +207.82 %
Chicken Fillets (1 lb) 7,309.08 Col$
(1.90 $)
13,878.62 Col$
(3.62 $)
     +89.88 %
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 8,309.18 Col$
(2.16 $)
18,342.87 Col$
(4.78 $)
     +120.75 %
Apples (1 lb) 3,423.47 Col$
(0.89 $)
7,002.87 Col$
(1.82 $)
     +104.55 %
Banana (1 lb) 1,067.37 Col$
(0.28 $)
2,896.19 Col$
(0.75 $)
     +171.34 %
Oranges (1 lb) 2,415.64 Col$
(0.63 $)
4,025.50 Col$
(1.05 $)
     +66.64 %
Tomato (1 lb) 2,138.03 Col$
(0.56 $)
5,162.20 Col$
(1.34 $)
     +141.45 %
Potato (1 lb) 1,710.00 Col$
(0.45 $)
3,892.79 Col$
(1.01 $)
     +127.65 %
Onion (1 lb) 1,566.60 Col$
(0.41 $)
4,025.52 Col$
(1.05 $)
     +156.96 %
Lettuce (1 head) 2,579.84 Col$
(0.67 $)
8,315.28 Col$
(2.17 $)
     +222.32 %
Water (1.5 liter bottle) 2,640.90 Col$
(0.69 $)
5,663.26 Col$
(1.48 $)
     +114.44 %
Bottle of Wine (Mid-Range) 30,000.00 Col$
(7.82 $)
38,387.30 Col$
(10.00 $)
     +27.96 %
Domestic Beer (0.5 liter bottle) 3,002.20 Col$
(0.78 $)
3,994.50 Col$
(1.04 $)
     +33.05 %
Imported Beer (12 oz small bottle) 6,951.66 Col$
(1.81 $)
6,717.78 Col$
(1.75 $)
     -3.36 %
Cigarettes 20 Pack (Marlboro) 8,250.00 Col$
(2.15 $)
23,032.38 Col$
(6.00 $)
     +179.18 %
Transportation
Medellin Edit Panama City Edit
One-way Ticket (Local Transport) 2,430.00 Col$
(0.63 $)
1,343.56 Col$
(0.35 $)
     -44.71 %
Monthly Pass (Regular Price) 140,000.00 Col$
(36.47 $)
86,371.42 Col$
(22.50 $)
     -38.31 %
Taxi Start (Normal Tariff) 5,000.00 Col$
(1.30 $)
9,596.82 Col$
(2.50 $)
     +91.94 %
Taxi 1 mile (Normal Tariff) 6,177.84 Col$
(1.61 $)
12,355.68 Col$
(3.22 $)
     +100.00 %
Taxi 1hour Waiting (Normal Tariff) 25,100.00 Col$
(6.54 $)
67,177.77 Col$
(17.50 $)
     +167.64 %
Gasoline (1 gallon) 9,459.19 Col$
(2.46 $)
11,240.16 Col$
(2.93 $)
     +18.83 %
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 72,935,867.49 Col$
(19,000.00 $)
76,774,597.36 Col$
(20,000.00 $)
     +5.26 %
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 74,810,158.44 Col$
(19,488.26 $)
77,643,546.21 Col$
(20,226.36 $)
     +3.79 %
Utilities (Monthly)
Medellin Edit Panama City Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 219,654.50 Col$
(57.22 $)
397,308.61 Col$
(103.50 $)
     +80.88 %
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 179.89 Col$
(0.05 $)
575.81 Col$
(0.15 $)
     +220.08 %
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 108,746.43 Col$
(28.33 $)
174,363.97 Col$
(45.42 $)
     +60.34 %
Sports And Leisure
Medellin Edit Panama City Edit
Fitness Club, Monthly Fee for 1 Adult 75,518.73 Col$
(19.67 $)
187,261.59 Col$
(48.78 $)
     +147.97 %
Tennis Court Rent (1 Hour on Weekend) 43,500.00 Col$
(11.33 $)
98,367.45 Col$
(25.62 $)
     +126.13 %
Cinema, International Release, 1 Seat 14,000.00 Col$
(3.65 $)
24,951.74 Col$
(6.50 $)
     +78.23 %
Childcare
Medellin Edit Panama City Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 661,428.57 Col$
(172.30 $)
1,508,620.84 Col$
(393.00 $)
     +128.09 %
International Primary School, Yearly for 1 Child 15,957,142.86 Col$
(4,156.88 $)
47,942,192.61 Col$
(12,489.08 $)
     +200.44 %
Clothing And Shoes
Medellin Edit Panama City Edit
1 Pair of Jeans (Levis 501 Or Similar) 160,935.65 Col$
(41.92 $)
202,405.76 Col$
(52.73 $)
     +25.77 %
1 Summer Dress in a Chain Store (Zara, H&M, ...) 100,510.70 Col$
(26.18 $)
161,441.17 Col$
(42.06 $)
     +60.62 %
1 Pair of Nike Running Shoes (Mid-Range) 272,060.17 Col$
(70.87 $)
284,066.01 Col$
(74.00 $)
     +4.41 %
1 Pair of Men Leather Business Shoes 234,782.61 Col$
(61.16 $)
379,303.07 Col$
(98.81 $)
     +61.56 %
Rent Per Month
Medellin Edit Panama City Edit
Apartment (1 bedroom) in City Centre 1,013,636.36 Col$
(264.06 $)
3,315,266.70 Col$
(863.64 $)
     +227.07 %
Apartment (1 bedroom) Outside of Centre 1,059,587.30 Col$
(276.03 $)
2,065,602.26 Col$
(538.10 $)
     +94.94 %
Apartment (3 bedrooms) in City Centre 1,740,680.00 Col$
(453.45 $)
6,211,064.93 Col$
(1,618.00 $)
     +256.82 %
Apartment (3 bedrooms) Outside of Centre 1,768,225.48 Col$
(460.63 $)
4,005,631.17 Col$
(1,043.48 $)
     +126.53 %
Buy Apartment Price
Medellin Edit Panama City Edit
Price per Square Feet to Buy Apartment in City Centre 368,909.90 Col$
(96.10 $)
795,126.67 Col$
(207.13 $)
     +115.53 %
Price per Square Feet to Buy Apartment Outside of Centre 437,221.29 Col$
(113.90 $)
536,054.32 Col$
(139.64 $)
     +22.60 %
Salaries And Financing
Medellin Edit Panama City Edit
Average Monthly Net Salary (After Tax) 1,534,071.05 Col$
(399.63 $)
3,129,777.07 Col$
(815.32 $)
     +104.02 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 10.66 5.64      -47.08 %
Last update: September 2021September 2021
Contributors in the past 12 months:129106
Cities near Medellin:
Cost of Living in 120.29 miles
Cost of Living in 161.05 miles