Medellin vs Panama City - Cost of Living Comparison

Updated: March 02, 2025

	Medellin	Panama City
🚶 Cost of living one person	$906	$1479
👨‍👩‍👧‍👦 Cost of living Family	$2260	$3609
🏠 One person rent	$408	$846
🏘️ Family rent	$761	$1592
🍽️ Food expenses	$275	$440
🚐 Transport expenses	$133	$83
💳 Monthly salary after tax	$432	$967
😷 Air quality	Moderate	Good
✈️ Airport proximity	3 km	7 km
🎓 Higher education	66	42
😀 Quality of life	53	67
🏙️ Population	2.53M	881K

The cost of living in Medellin is 39% less expensive than in Panama City. Cities ranked 6005th and 3517th ($906 vs $1479) in the list of the most expensive cities in the world and ranked 2nd 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 6049th and 3734th among best cities to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

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	$6.13	$10.4
🥂 Dinner in a Restaurant, for 2	$24.6	$48.5
🥪 Fast food meal, equiv. McDonald's	$7.21	$8.06
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$2.02	$2.97
☕ Cappuccino	$1.92	$3.99
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$1.03	$1.66
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$439	$891
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$312	$681
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$851	$1749
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$618	$1344
🔌 Utility Bill one person, electricity, heating, water, etc.	$47.3	$78
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$73.5	$121
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$22.9	$45.4
🏦 Mortgage Interest Rate for 20 Years	14.16%	6.28%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$1715	$2551
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$1447	$1632
Transportation
🚌 Local transport ticket	$0.79	$0.42
🎟️ Monthly ticket local transport	$41.1	$23.2
🚕 Taxi Ride, 8 km or 5 mi	$13.5	$14.3
⛽ Gas / Petrol, 1 L or 0.26 gal	$1.01	$0.96
Groceries
🥛 Milk, 1 L or 1 qt	$1.12	$1.8
🍞 Bread, 0.5 kg or 1.1 lb	$1.3	$2.19
🍚 Rice, 1 kg or 2.2 lb	$1.26	$2.33
🥚 Eggs, x12	$2.33	$2.77
🧀 Cheese, 1 kg or 2.2 lb	$5.44	$12.4
🐔 Chicken Breast, 1 kg or 2.2 lb	$5.8	$7.09
🥩 Round Steak, 1 kg or 2.2 lb	$9.62	$9.99
🍏 Apples, 1 kg or 2.2 lb	$2.49	$3.44
🍌 Banana, 1 kg or 2.2 lb	$1	$1.58
🍊 Oranges, 1 kg or 2.2 lb	$1.54	$2.89
🍅 Tomato, 1 kg or 2.2 lb	$1.29	$2.94
🥔 Potato, 1 kg or 2.2 lb	$1.19	$2.23
🧅 Onion, 1 kg or 2.2 lb	$1.12	$2.8
🌊 Water, 1 L or 1 qt	$0.64	$1.07
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$1.83	$2.31
🍾 Wine (mid-priced), 750 mL bottle	$11.2	$10
🍺 Beer, 0.5 L or 16 fl oz	$1.13	$1.29
🚬 Cigarette pack	$3.41	$5.98
💊 Cold medicince, 1 week	$4.41	$11.7
🧴 Hair Shampoo	$4.4	$7.94
🧻 Toilet paper, 4 rolls	$1.85	$3.37
👄 Toothpaste, 1 tube	$2.28	$3.71
Other
🏋️ Gym Membership, 1 month	$29.3	$45.3
🎫 Cinema Ticket, 1 person	$4.57	$7.22
👩‍⚕️ Doctor's visit	$31.1	$54.5
💇 Haircut, simple	$10.4	$12.9
👖 Brand Jeans	$64	$56.8
👟 Brand Sneakers	$99.4	$93.2
👶 Daycare or Preschool, 1 month	$292	$477
🏫 International Primary School, 1 year	$5682	$13616

Cost of living in other countries

Cost of living

$349

$907

$6.64K

Cost of Living in the nearest cities

Cities near Medellin

Distance	City	Cost of living
8.1 km or 5 mi	Envigado	$897
9.9 km or 6.1 mi	Bello	$839
131 km or 82 mi	Manizales	$653
135 km or 84 mi	Quibdo	$705
160 km or 99 mi	Pereira	$680
171 km or 106 mi	Cartago	$649
179 km or 111 mi	Salento	$605
190 km or 118 mi	Armenia	$598
205 km or 127 mi	Ibague	$529
209 km or 130 mi	Facatativa	$674
212 km or 131 mi	Barrancabermeja	$1031
221 km or 137 mi	Zipaquira	$709
232 km or 144 mi	Girardot	$493
239 km or 148 mi	Soacha	$794
242 km or 150 mi	Turbo	$664
246 km or 153 mi	Bogota	$887
250 km or 155 mi	Tulua	$513
257 km or 160 mi	Tunja	$563
282 km or 175 mi	Monteria	$645
285 km or 177 mi	Duitama	$882
288 km or 179 mi	Bucaramanga	$657
289 km or 179 mi	Floridablanca	$648
298 km or 185 mi	Sogamoso	$534
308 km or 192 mi	Buenaventura	$742
312 km or 194 mi	Palmira	$666
318 km or 198 mi	Villavicencio	$497
329 km or 204 mi	Cali	$748
331 km or 206 mi	Ocana	$650
334 km or 208 mi	Santa Cruz de Lorica	$669
340 km or 211 mi	Sincelejo	$524
346 km or 215 mi	Magangue	$604
367 km or 228 mi	Yopal	$722
370 km or 230 mi	Neiva	$557
386 km or 240 mi	Cucuta	$562
387 km or 241 mi	San Antonio del Tachira	$601
391 km or 243 mi	Rubio	$599
406 km or 252 mi	San Cristobal	$592
410 km or 255 mi	Tariba	$598
438 km or 272 mi	Popayan	$477
448 km or 279 mi	La Grita	$618

Cities near Panama City

Distance	City	Cost of living
8.1 km or 5 mi	Balboa	$1328
16 km or 9.9 mi	Tocumen	$1310
26 km or 16 mi	Pacora	$1304
34 km or 21 mi	La Chorrera	$957
59 km or 37 mi	Colon	$1172
108 km or 67 mi	Penonome	$1116
154 km or 96 mi	Chitre	$1117
190 km or 118 mi	Santiago de Veraguas	$1089
321 km or 199 mi	Turbo	$664
329 km or 204 mi	David	$890
398 km or 247 mi	Monteria	$645
403 km or 250 mi	Limon	$1225
406 km or 252 mi	Santa Cruz de Lorica	$669
452 km or 281 mi	Sincelejo	$524
463 km or 288 mi	Cartagena	$760
483 km or 300 mi	Quibdo	$705
494 km or 307 mi	Cartago	$1024
513 km or 319 mi	San Jose	$1324
518 km or 322 mi	Heredia	$1296
521 km or 324 mi	Magangue	$604
526 km or 327 mi	Bello	$839
529 km or 329 mi	Alajuela	$1269
530 km or 329 mi	Medellin	$906
534 km or 332 mi	Envigado	$897
558 km or 347 mi	Soledad	$741
559 km or 348 mi	Barranquilla	$773
595 km or 370 mi	Puntarenas	$801
617 km or 383 mi	Cartago	$649
617 km or 383 mi	Cienaga	$742
623 km or 387 mi	Manizales	$653
627 km or 390 mi	Santa Teresa	$1213
627 km or 390 mi	Pereira	$680
631 km or 392 mi	Santa Marta	$837
632 km or 393 mi	Buenaventura	$742
636 km or 395 mi	Minca	$759
651 km or 404 mi	Salento	$605
652 km or 405 mi	Armenia	$598
657 km or 408 mi	Tulua	$513
658 km or 409 mi	Barrancabermeja	$1031
675 km or 419 mi	Liberia	$932