Cost of Living Comparison Between Medellin and Panama City 
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| Indices Difference |  |
|---|---|
| Consumer Prices in Panama City are 43.8% higher than in Medellin (without rent) | |
| Consumer Prices Including Rent in Panama City are 56.0% higher than in Medellin | |
| Rent Prices in Panama City are 91.6% higher than in Medellin | |
| Restaurant Prices in Panama City are 95.6% higher than in Medellin | |
| Groceries Prices in Panama City are 47.1% 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$ (5.66 $) |
46,639.66 Col$ (12.00 $) |
+112.0 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
110,000.00 Col$ (28.30 $) |
233,198.31 Col$ (60.00 $) |
+112.0 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
25,000.00 Col$ (6.43 $) |
32,064.77 Col$ (8.25 $) |
+28.3 % |
| Domestic Beer (1 pint draught) |
5,000.00 Col$ (1.29 $) |
9,716.60 Col$ (2.50 $) |
+94.3 % |
| Imported Beer (12 oz small bottle) |
12,000.00 Col$ (3.09 $) |
15,546.55 Col$ (4.00 $) |
+29.6 % |
| Cappuccino (regular) |
6,455.87 Col$ (1.66 $) |
14,399.71 Col$ (3.70 $) |
+123.0 % |
| Coke/Pepsi (12 oz small bottle) |
3,879.68 Col$ (1.00 $) |
6,829.93 Col$ (1.76 $) |
+76.0 % |
| Water (12 oz small bottle) |
2,838.81 Col$ (0.73 $) |
5,185.83 Col$ (1.33 $) |
+82.7 % |
Markets | Medellin Edit |
Panama City Edit | |
| Milk (regular), (1 gallon) |
16,958.65 Col$ (4.36 $) |
25,887.37 Col$ (6.66 $) |
+52.6 % |
| Loaf of Fresh White Bread (1 lb) |
4,659.29 Col$ (1.20 $) |
8,470.09 Col$ (2.18 $) |
+81.8 % |
| Rice (white), (1 lb) |
2,193.00 Col$ (0.56 $) |
3,702.20 Col$ (0.95 $) |
+68.8 % |
| Eggs (regular) (12) |
8,472.52 Col$ (2.18 $) |
9,887.96 Col$ (2.54 $) |
+16.7 % |
| Local Cheese (1 lb) |
9,057.93 Col$ (2.33 $) |
19,173.07 Col$ (4.93 $) |
+111.7 % |
| Chicken Fillets (1 lb) |
10,302.43 Col$ (2.65 $) |
13,169.25 Col$ (3.39 $) |
+27.8 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
18,533.01 Col$ (4.77 $) |
15,797.40 Col$ (4.06 $) |
-14.8 % |
| Apples (1 lb) |
4,285.08 Col$ (1.10 $) |
5,444.47 Col$ (1.40 $) |
+27.1 % |
| Banana (1 lb) |
1,639.14 Col$ (0.42 $) |
2,424.51 Col$ (0.62 $) |
+47.9 % |
| Oranges (1 lb) |
2,271.69 Col$ (0.58 $) |
5,033.54 Col$ (1.30 $) |
+121.6 % |
| Tomato (1 lb) |
2,603.30 Col$ (0.67 $) |
5,461.51 Col$ (1.41 $) |
+109.8 % |
| Potato (1 lb) |
2,097.37 Col$ (0.54 $) |
3,655.28 Col$ (0.94 $) |
+74.3 % |
| Onion (1 lb) |
2,248.71 Col$ (0.58 $) |
3,789.14 Col$ (0.97 $) |
+68.5 % |
| Lettuce (1 head) |
3,401.39 Col$ (0.88 $) |
8,463.73 Col$ (2.18 $) |
+148.8 % |
| Water (1.5 liter bottle) |
3,347.65 Col$ (0.86 $) |
5,578.47 Col$ (1.44 $) |
+66.6 % |
| Bottle of Wine (Mid-Range) |
38,866.39 Col$ (10.00 $) |
34,979.75 Col$ (9.00 $) |
-10.0 % |
| Domestic Beer (0.5 liter bottle) |
4,471.59 Col$ (1.15 $) |
4,645.98 Col$ (1.20 $) |
+3.9 % |
| Imported Beer (12 oz small bottle) |
7,888.54 Col$ (2.03 $) |
7,216.19 Col$ (1.86 $) |
-8.5 % |
| Cigarettes 20 Pack (Marlboro) |
9,000.00 Col$ (2.32 $) |
22,348.17 Col$ (5.75 $) |
+148.3 % |
Transportation | Medellin Edit |
Panama City Edit | |
| One-way Ticket (Local Transport) |
2,925.00 Col$ (0.75 $) |
1,360.32 Col$ (0.35 $) |
-53.5 % |
| Monthly Pass (Regular Price) |
200,000.00 Col$ (51.46 $) |
97,165.96 Col$ (25.00 $) |
-51.4 % |
| Taxi Start (Normal Tariff) |
5,000.00 Col$ (1.29 $) |
7,773.28 Col$ (2.00 $) |
+55.5 % |
| Taxi 1 mile (Normal Tariff) |
12,874.76 Col$ (3.31 $) |
9,382.41 Col$ (2.41 $) |
-27.1 % |
| Taxi 1hour Waiting (Normal Tariff) |
30,000.00 Col$ (7.72 $) |
77,732.77 Col$ (20.00 $) |
+159.1 % |
| Gasoline (1 gallon) |
14,719.98 Col$ (3.79 $) |
14,359.32 Col$ (3.69 $) |
-2.5 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
78,000,000.00 Col$ (20,068.76 $) |
86,477,707.74 Col$ (22,250.00 $) |
+10.9 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
110,470,979.90 Col$ (28,423.27 $) |
79,654,497.84 Col$ (20,494.44 $) |
-27.9 % |
Utilities (Monthly) | Medellin Edit |
Panama City Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
313,985.56 Col$ (80.79 $) |
437,817.91 Col$ (112.65 $) |
+39.4 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
39,032.24 Col$ (10.04 $) |
114,008.06 Col$ (29.33 $) |
+192.1 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
96,615.38 Col$ (24.86 $) |
201,405.61 Col$ (51.82 $) |
+108.5 % |
Sports And Leisure | Medellin Edit |
Panama City Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
104,547.92 Col$ (26.90 $) |
159,093.07 Col$ (40.93 $) |
+52.2 % |
| Tennis Court Rent (1 Hour on Weekend) |
55,000.00 Col$ (14.15 $) |
97,165.96 Col$ (25.00 $) |
+76.7 % |
| Cinema, International Release, 1 Seat |
15,000.00 Col$ (3.86 $) |
27,206.47 Col$ (7.00 $) |
+81.4 % |
Childcare | Medellin Edit |
Panama City Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
920,000.00 Col$ (236.71 $) |
1,586,234.36 Col$ (408.12 $) |
+72.4 % |
| International Primary School, Yearly for 1 Child |
25,000,000.00 Col$ (6,432.29 $) |
37,606,142.95 Col$ (9,675.75 $) |
+50.4 % |
Clothing And Shoes | Medellin Edit |
Panama City Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
213,912.21 Col$ (55.04 $) |
209,635.57 Col$ (53.94 $) |
-2.0 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
155,625.00 Col$ (40.04 $) |
158,519.33 Col$ (40.79 $) |
+1.9 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
345,714.29 Col$ (88.95 $) |
320,954.52 Col$ (82.58 $) |
-7.2 % |
| 1 Pair of Men Leather Business Shoes |
336,051.07 Col$ (86.46 $) |
360,902.15 Col$ (92.86 $) |
+7.4 % |
Rent Per Month | Medellin Edit |
Panama City Edit | |
| Apartment (1 bedroom) in City Centre |
1,823,650.38 Col$ (469.21 $) |
3,598,673.97 Col$ (925.91 $) |
+97.3 % |
| Apartment (1 bedroom) Outside of Centre |
1,440,847.05 Col$ (370.72 $) |
2,326,585.02 Col$ (598.61 $) |
+61.5 % |
| Apartment (3 bedrooms) in City Centre |
3,357,922.26 Col$ (863.97 $) |
7,959,835.75 Col$ (2,048.00 $) |
+137.0 % |
| Apartment (3 bedrooms) Outside of Centre |
3,048,734.76 Col$ (784.41 $) |
4,641,103.68 Col$ (1,194.12 $) |
+52.2 % |
Buy Apartment Price | Medellin Edit |
Panama City Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
645,340.92 Col$ (166.04 $) |
888,508.64 Col$ (228.61 $) |
+37.7 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
556,413.11 Col$ (143.16 $) |
526,141.55 Col$ (135.37 $) |
-5.4 % |
Salaries And Financing | Medellin Edit |
Panama City Edit | |
| Average Monthly Net Salary (After Tax) |
1,637,787.88 Col$ (421.39 $) |
3,349,668.75 Col$ (861.84 $) |
+104.5 % |
| 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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