NUMBEO

Cost of Living Comparison Between Medellin and Panama City 

Indices DifferenceInfo
Consumer Prices in Panama City are 96.89% higher than in Medellin
Consumer Prices Including Rent in Panama City are 121.05% higher than in Medellin
Rent Prices in Panama City are 204.24% higher than in Medellin
Restaurant Prices in Panama City are 136.16% higher than in Medellin
Groceries Prices in Panama City are 121.32% higher than in Medellin
Local Purchasing Power in Panama City is 21.83% higher than in Medellin
Currency: Sticky Currency      Switch to metric measurement units
  MedellinPanama CityDifference
Restaurants [ Edit ] [ Edit ]
Meal, Inexpensive Restaurant 13,000.00 Col$
(3.79 $)
34,260.00 Col$
(10.00 $)
     +163.54 %
Meal for 2 People, Mid-range Restaurant, Three-course 60,000.00 Col$
(17.51 $)
137,040.00 Col$
(40.00 $)
     +128.40 %
McMeal at McDonalds (or Equivalent Combo Meal) 15,000.00 Col$
(4.38 $)
23,553.75 Col$
(6.88 $)
     +57.03 %
Domestic Beer (1 pint draught) 3,000.00 Col$
(0.88 $)
10,278.00 Col$
(3.00 $)
     +242.60 %
Imported Beer (12 oz small bottle) 6,000.00 Col$
(1.75 $)
14,560.50 Col$
(4.25 $)
     +142.67 %
Cappuccino (regular) 3,377.43 Col$
(0.99 $)
9,731.40 Col$
(2.84 $)
     +188.13 %
Coke/Pepsi (12 oz small bottle) 2,166.59 Col$
(0.63 $)
4,337.97 Col$
(1.27 $)
     +100.22 %
Water (12 oz small bottle) 2,114.20 Col$
(0.62 $)
3,491.26 Col$
(1.02 $)
     +65.13 %
Markets [ Edit ] [ Edit ]
Milk (regular), (1 gallon) 8,487.50 Col$
(2.48 $)
19,533.85 Col$
(5.70 $)
     +130.15 %
Loaf of Fresh White Bread (1 lb) 2,667.98 Col$
(0.78 $)
5,499.08 Col$
(1.61 $)
     +106.11 %
Rice (white), (1 lb) 1,373.88 Col$
(0.40 $)
2,334.24 Col$
(0.68 $)
     +69.90 %
Eggs (regular) (12) 5,445.14 Col$
(1.59 $)
7,269.65 Col$
(2.12 $)
     +33.51 %
Local Cheese (1 lb) 3,805.27 Col$
(1.11 $)
16,237.79 Col$
(4.74 $)
     +326.72 %
Chicken Breasts (Boneless, Skinless), (1 lb) 5,981.19 Col$
(1.75 $)
10,859.69 Col$
(3.17 $)
     +81.56 %
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 6,321.94 Col$
(1.85 $)
15,812.18 Col$
(4.62 $)
     +150.12 %
Apples (1 lb) 2,807.04 Col$
(0.82 $)
5,577.34 Col$
(1.63 $)
     +98.69 %
Banana (1 lb) 1,083.04 Col$
(0.32 $)
2,181.27 Col$
(0.64 $)
     +101.40 %
Oranges (1 lb) 1,648.93 Col$
(0.48 $)
4,273.00 Col$
(1.25 $)
     +159.14 %
Tomato (1 lb) 1,275.10 Col$
(0.37 $)
4,571.26 Col$
(1.33 $)
     +258.50 %
Potato (1 lb) 1,176.32 Col$
(0.34 $)
2,722.13 Col$
(0.79 $)
     +131.41 %
Onion (1 lb) 1,225.71 Col$
(0.36 $)
3,052.43 Col$
(0.89 $)
     +149.03 %
Lettuce (1 head) 2,533.33 Col$
(0.74 $)
7,174.61 Col$
(2.09 $)
     +183.21 %
Water (1.5 liter bottle) 2,416.67 Col$
(0.71 $)
5,320.09 Col$
(1.55 $)
     +120.14 %
Bottle of Wine (Mid-Range) 36,000.00 Col$
(10.51 $)
29,121.00 Col$
(8.50 $)
     -19.11 %
Domestic Beer (0.5 liter bottle) 3,685.86 Col$
(1.08 $)
2,699.47 Col$
(0.79 $)
     -26.76 %
Imported Beer (12 oz small bottle) 6,000.00 Col$
(1.75 $)
8,907.60 Col$
(2.60 $)
     +48.46 %
Cigarettes 20 Pack (Marlboro) 5,450.00 Col$
(1.59 $)
17,883.72 Col$
(5.22 $)
     +228.14 %
Transportation [ Edit ] [ Edit ]
One-way Ticket (Local Transport) 2,200.00 Col$
(0.64 $)
856.50 Col$
(0.25 $)
     -61.07 %
Monthly Pass (Regular Price) 93,826.09 Col$
(27.39 $)
77,085.00 Col$
(22.50 $)
     -17.84 %
Taxi Start (Normal Tariff) 3,600.00 Col$
(1.05 $)
6,852.00 Col$
(2.00 $)
     +90.33 %
Taxi 1 mile (Normal Tariff) 2,076.05 Col$
(0.61 $)
11,027.23 Col$
(3.22 $)
     +431.16 %
Taxi 1hour Waiting (Normal Tariff) 25,000.00 Col$
(7.30 $)
34,260.00 Col$
(10.00 $)
     +37.04 %
Gasoline (1 gallon) 9,380.65 Col$
(2.74 $)
10,428.15 Col$
(3.04 $)
     +11.17 %
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 50,000,000.00 Col$
(14,594.28 $)
61,411,050.00 Col$
(17,925.00 $)
     +22.82 %
Toyota Corolla 1.6l 97kW Comfort (Or Equivalent New Car) 67,810,000.00 Col$
(19,792.76 $)
65,411,965.43 Col$
(19,092.81 $)
     -3.54 %
Utilities (Monthly) [ Edit ] [ Edit ]
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 180,801.39 Col$
(52.77 $)
351,878.68 Col$
(102.71 $)
     +94.62 %
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 147.83 Col$
(0.04 $)
424.82 Col$
(0.12 $)
     +187.37 %
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 127,533.17 Col$
(37.23 $)
163,096.63 Col$
(47.61 $)
     +27.89 %
Sports And Leisure [ Edit ] [ Edit ]
Fitness Club, Monthly Fee for 1 Adult 71,670.69 Col$
(20.92 $)
156,454.00 Col$
(45.67 $)
     +118.30 %
Tennis Court Rent (1 Hour on Weekend) 22,600.00 Col$
(6.60 $)
85,650.00 Col$
(25.00 $)
     +278.98 %
Cinema, International Release, 1 Seat 12,000.00 Col$
(3.50 $)
20,556.00 Col$
(6.00 $)
     +71.30 %
Childcare [ Edit ] [ Edit ]
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 530,952.38 Col$
(154.98 $)
926,110.09 Col$
(270.32 $)
     +74.42 %
International Primary School, Yearly for 1 Child 10,894,030.77 Col$
(3,179.81 $)
22,765,770.00 Col$
(6,645.00 $)
     +108.97 %
Clothing And Shoes [ Edit ] [ Edit ]
1 Pair of Jeans (Levis 501 Or Similar) 160,567.43 Col$
(46.87 $)
164,321.11 Col$
(47.96 $)
     +2.34 %
1 Summer Dress in a Chain Store (Zara, H&M, ...) 107,853.33 Col$
(31.48 $)
121,178.89 Col$
(35.37 $)
     +12.36 %
1 Pair of Nike Running Shoes (Mid-Range) 242,517.09 Col$
(70.79 $)
223,280.69 Col$
(65.17 $)
     -7.93 %
1 Pair of Men Leather Business Shoes 231,105.67 Col$
(67.46 $)
284,104.22 Col$
(82.93 $)
     +22.93 %
Rent Per Month [ Edit ] [ Edit ]
Apartment (1 bedroom) in City Centre 881,751.61 Col$
(257.37 $)
3,077,690.00 Col$
(898.33 $)
     +249.04 %
Apartment (1 bedroom) Outside of Centre 767,181.48 Col$
(223.93 $)
2,103,564.00 Col$
(614.00 $)
     +174.19 %
Apartment (3 bedrooms) in City Centre 1,577,570.83 Col$
(460.47 $)
5,248,632.00 Col$
(1,532.00 $)
     +232.70 %
Apartment (3 bedrooms) Outside of Centre 1,408,214.29 Col$
(411.04 $)
3,670,714.29 Col$
(1,071.43 $)
     +160.66 %
Buy Apartment Price [ Edit ] [ Edit ]
Price per Square Feet to Buy Apartment in City Centre 349,777.03 Col$
(102.09 $)
687,491.64 Col$
(200.67 $)
     +96.55 %
Price per Square Feet to Buy Apartment Outside of Centre 328,580.65 Col$
(95.91 $)
491,065.46 Col$
(143.33 $)
     +49.45 %
Salaries And Financing [ Edit ] [ Edit ]
Average Monthly Net Salary (After Tax) 986,478.27 Col$
(287.94 $)
2,656,639.57 Col$
(775.43 $)
     +169.31 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 11.33 5.28      -53.40 %
Last update: October 2019October 2019
Contributors:200171
Data from past:18 months18 months
Currency: COP