Medellin vs Panama City - Cost of Living Comparison

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Livingcost

Medellin Panama City
🚶 Cost of living one person
$867
$1316
👨‍👩‍👧‍👦 Cost of living Family
$2196
$3171
🏠 One person rent
$387
$709
🏘️ Family rent
$760
$1291
🍽️ Food expenses
$262
$426
🚐 Transport expenses
$141
$78
💳 Monthly salary after tax
$412
$901
😷 Air quality
Moderate
Moderate
✈️ Airport proximity
3 km
7 km
🎓 Higher education
67
42
😀 Quality of life
54
67
🏙️ Population
2.53M
881K

The cost of living in Medellin is 34% less expensive than in Panama City. Cities ranked 6140th and 4138th ($867 vs $1316) in the list of the most expensive cities in the world and ranked 3rd and 1st in Colombia and Panama, respectively. Check Colombia vs Panama comparison.

The average after-tax salary is enough to cover living expenses for 0.5 months in Medellin compared to 0.7 months in Panama City. Medellin ranked 2nd best city to live in Colombia vs Panama City ranked 1st in Panama, while ranked 5994th and 3926th among best cities to live in the world.

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Cost of living in Medellin vs Panama City infographic

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Prices in Medellin vs Panama City

Prices for goods and services in Medellin and Panama City are partly crowdsourced by our visitors, just like yourself. Please consider telling us about your city.

Medellin Panama City
Eating Out
🍱 Lunch Menu
$5.65
$11.5
🥂 Dinner in a Restaurant, for 2
$22.9
$51.8
🥪 Fast food meal, equiv. McDonald's
$6.44
$7.97
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$1.5
$2.6
 Cappuccino
$1.76
$4.35
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$0.96
$1.75
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$435
$836
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$289
$520
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$819
$1703
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$629
$980
🔌 Utility Bill one person, electricity, heating, water, etc.
$45.2
$78.2
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$69.9
$119
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$23.2
$47.6
🏦 Mortgage Interest Rate for 20 Years
14%
5.97%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$1728
$2399
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$1560
$1457
Transportation
🚌 Local transport ticket
$0.75
$0.35
🎟️ Monthly ticket local transport
$45.5
$25.9
🚕 Taxi Ride, 8 km or 5 mi
$14
$12
 Gas / Petrol, 1 L or 0.26 gal
$1.04
$1.06
Groceries
🥛 Milk, 1 L or 1 qt
$1.09
$1.76
🍞 Bread, 0.5 kg or 1.1 lb
$1.25
$2.11
🍚 Rice, 1 kg or 2.2 lb
$1.2
$1.71
🥚 Eggs, x12
$2.3
$2.63
🧀 Cheese, 1 kg or 2.2 lb
$5.66
$11.9
🐔 Chicken Breast, 1 kg or 2.2 lb
$5.96
$7.45
🥩 Round Steak, 1 kg or 2.2 lb
$9.25
$8.87
🍏 Apples, 1 kg or 2.2 lb
$2.35
$2.91
🍌 Banana, 1 kg or 2.2 lb
$0.94
$1.37
🍊 Oranges, 1 kg or 2.2 lb
$1.23
$2.8
🍅 Tomato, 1 kg or 2.2 lb
$1.27
$2.81
🥔 Potato, 1 kg or 2.2 lb
$1.1
$2.1
🧅 Onion, 1 kg or 2.2 lb
$1.15
$2.02
🌊 Water, 1 L or 1 qt
$0.5
$0.98
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$1.48
$2.59
🍾 Wine (mid-priced), 750 mL bottle
$10.9
$9.98
🍺 Beer, 0.5 L or 16 fl oz
$1.1
$1.14
🚬 Cigarette pack
$2.37
$5.88
💊 Cold medicince, 1 week
$5.49
$9.43
🧴 Hair Shampoo
$4.52
$7.05
🧻 Toilet paper, 4 rolls
$1.98
$3.43
👄 Toothpaste, 1 tube
$1.64
$3.7
Other
🏋️ Gym Membership, 1 month
$29.1
$42
🎫 Cinema Ticket, 1 person
$4.04
$6.85
👩‍⚕️ Doctor's visit
$25.8
$48.6
💇 Haircut, simple
$7.26
$13.5
👖 Brand Jeans
$53.3
$54.3
👟 Brand Sneakers
$91.2
$86.9
👶 Daycare or Preschool, 1 month
$217
$408
🏫 International Primary School, 1 year
$6416
$9581

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Cost of Living in the nearest cities

Cities near Medellin

Distance City Cost of living
8.1 km or 5 mi Envigado
$812
9.9 km or 6.1 mi Bello
$778
131 km or 82 mi Manizales
$727
135 km or 84 mi Quibdo
$649
160 km or 99 mi Pereira
$639
171 km or 106 mi Cartago
$639
179 km or 111 mi Salento
$567
190 km or 118 mi Armenia
$551
205 km or 127 mi Ibague
$525
209 km or 130 mi Facatativa
$433
212 km or 131 mi Barrancabermeja
$592
221 km or 137 mi Zipaquira
$645
232 km or 144 mi Girardot
$416
239 km or 148 mi Soacha
$724
242 km or 150 mi Turbo
$624
246 km or 153 mi Bogota
$883
250 km or 155 mi Tulua
$493
257 km or 160 mi Tunja
$511
282 km or 175 mi Monteria
$633
285 km or 177 mi Duitama
$617
288 km or 179 mi Bucaramanga
$649
289 km or 179 mi Floridablanca
$612
298 km or 185 mi Sogamoso
$597
308 km or 192 mi Buenaventura
$552
312 km or 194 mi Palmira
$648
318 km or 198 mi Villavicencio
$530
329 km or 204 mi Cali
$720
331 km or 206 mi Ocana
$612
334 km or 208 mi Santa Cruz de Lorica
$573
340 km or 211 mi Sincelejo
$536
346 km or 215 mi Magangue
$582
367 km or 228 mi Yopal
$594
370 km or 230 mi Neiva
$507
386 km or 240 mi Cucuta
$708
387 km or 241 mi San Antonio del Tachira
$595
391 km or 243 mi Rubio
$593
406 km or 252 mi San Cristobal
$589
410 km or 255 mi Tariba
$592
438 km or 272 mi Popayan
$455
448 km or 279 mi La Grita
$617

Cities near Panama City

Distance City Cost of living
8.1 km or 5 mi Balboa
$1189
16 km or 9.9 mi Tocumen
$1171
26 km or 16 mi Pacora
$1182
34 km or 21 mi La Chorrera
$917
59 km or 37 mi Colon
$1157
108 km or 67 mi Penonome
$940
154 km or 96 mi Chitre
$980
190 km or 118 mi Santiago de Veraguas
$961
321 km or 199 mi Turbo
$624
329 km or 204 mi David
$789
398 km or 247 mi Monteria
$633
403 km or 250 mi Limon
$1147
406 km or 252 mi Santa Cruz de Lorica
$573
452 km or 281 mi Sincelejo
$536
463 km or 288 mi Cartagena
$877
483 km or 300 mi Quibdo
$649
494 km or 307 mi Cartago
$1009
513 km or 319 mi San Jose
$1169
518 km or 322 mi Heredia
$1040
521 km or 324 mi Magangue
$582
526 km or 327 mi Bello
$778
529 km or 329 mi Alajuela
$1163
530 km or 329 mi Medellin
$867
534 km or 332 mi Envigado
$812
558 km or 347 mi Soledad
$851
559 km or 348 mi Barranquilla
$780
595 km or 370 mi Puntarenas
$1024
617 km or 383 mi Cartago
$639
617 km or 383 mi Cienaga
$661
623 km or 387 mi Manizales
$727
627 km or 390 mi Santa Teresa
$1114
627 km or 390 mi Pereira
$639
631 km or 392 mi Santa Marta
$705
632 km or 393 mi Buenaventura
$552
636 km or 395 mi Minca
$655
651 km or 404 mi Salento
$567
652 km or 405 mi Armenia
$551
657 km or 408 mi Tulua
$493
658 km or 409 mi Barrancabermeja
$592
675 km or 419 mi Liberia
$1220