Medellin vs Panama City - Cost of Living Comparison

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Livingcost

Medellin Panama City
🚶 Cost of living one person
$1162
$1590
👨‍👩‍👧‍👦 Cost of living Family
$2810
$3556
🏠 One person rent
$579
$946
🏘️ Family rent
$997
$1545
🍽️ Food expenses
$327
$439
🚐 Transport expenses
$155
$100
💳 Monthly salary after tax
$535
$973
😷 Air quality
Moderate
Excellent
✈️ Airport proximity
3 km
7 km
🎓 Higher education
65
42
😀 Quality of life
64
71
🏙️ Population
2.53M
1.54M

The cost of living in Medellin is 27% less expensive than in Panama City. Cities ranked 4852nd and 3634th ($1162 vs $1590) 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 0.6 months in Panama City. Medellin ranked 2nd best city to live in Colombia vs Panama City ranked 1st in Panama, while ranked 5346th and 3213th among best cities to live in the world.

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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
$6.47
$9.69
🥂 Dinner in a Restaurant, for 2
$33
$45.4
🥪 Fast food meal, equiv. McDonald's
$8.22
$8.03
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$2.04
$2.93
☕ Cappuccino
$2.65
$4.3
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$1.43
$1.82
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$689
$1068
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$446
$747
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$1244
$1913
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$792
$1223
🔌 Utility Bill one person, electricity, heating, water, etc.
$58.4
$90.4
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$89.3
$140
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$25.9
$44.6
🏦 Mortgage Interest Rate for 20 Years
10.36%
6.27%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$2880
$3111
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$1250
$1732
Transportation
🚌 Local transport ticket
$1.03
$0.35
🎟️ Monthly ticket local transport
$58.3
$22.5
🚕 Taxi Ride, 8 km or 5 mi
$13.2
$14.7
⛽ Gas / Petrol, 1 L or 0.26 gal
$1.17
$0.98
Groceries
🥛 Milk, 1 L or 1 qt
$1.18
$1.83
🍞 Bread, 0.5 kg or 1.1 lb
$1.49
$2.17
🍚 Rice, 1 kg or 2.2 lb
$1.28
$2.34
🥚 Eggs, x12
$2.75
$3.11
🧀 Cheese, 1 kg or 2.2 lb
$6.76
$12.1
🐔 Chicken Breast, 1 kg or 2.2 lb
$7.27
$7.11
🥩 Round Steak, 1 kg or 2.2 lb
$9.54
$10.6
🍏 Apples, 1 kg or 2.2 lb
$3.19
$3.56
🍌 Banana, 1 kg or 2.2 lb
$1.23
$1.54
🍊 Oranges, 1 kg or 2.2 lb
$1.8
$3.7
🍅 Tomato, 1 kg or 2.2 lb
$1.46
$3.36
🥔 Potato, 1 kg or 2.2 lb
$1.31
$2.62
🧅 Onion, 1 kg or 2.2 lb
$1.27
$3.19
🌊 Water, 1 L or 1 qt
$0.69
$1.24
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.33
$2.37
🍾 Wine (mid-priced), 750 mL bottle
$12.6
$12.1
🍺 Beer, 0.5 L or 16 fl oz
$1.35
$1.35
🚬 Cigarette pack
$3.23
$5.95
💊 Cold medicince, 1 week
$6.57
$8.08
🧴 Hair Shampoo
$5.38
$7.95
🧻 Toilet paper, 4 rolls
$3.02
$2.92
👄 Toothpaste, 1 tube
$2.52
$3.05
Other
🏋️ Gym Membership, 1 month
$35.5
$41.9
🎫 Cinema Ticket, 1 person
$4.63
$7.52
👩‍⚕️ Doctor's visit
$35.7
$42.9
💇 Haircut, simple
$10.3
$14.5
👖 Brand Jeans
$71.8
$58.4
👟 Brand Sneakers
$116
$90.7
👶 Daycare or Preschool, 1 month
$533
$505
🏫 International Primary School, 1 year
$8196
$11486

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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
$1041
9.9 km or 6.1 mi Bello
$1012
131 km or 82 mi Manizales
$737
135 km or 84 mi Quibdo
$802
160 km or 99 mi Pereira
$862
171 km or 106 mi Cartago
$769
179 km or 111 mi Salento
$749
190 km or 118 mi Armenia
$749
205 km or 127 mi Ibague
$537
209 km or 130 mi Facatativa
$816
212 km or 131 mi Barrancabermeja
$1001
221 km or 137 mi Zipaquira
$858
232 km or 144 mi Girardot
$559
239 km or 148 mi Soacha
$958
242 km or 150 mi Turbo
$797
246 km or 153 mi Bogota
$1106
250 km or 155 mi Tulua
$563
257 km or 160 mi Tunja
$680
282 km or 175 mi Monteria
$733
285 km or 177 mi Duitama
$1045
288 km or 179 mi Bucaramanga
$816
289 km or 179 mi Floridablanca
$795
298 km or 185 mi Sogamoso
$630
308 km or 192 mi Buenaventura
$856
312 km or 194 mi Palmira
$788
318 km or 198 mi Villavicencio
$593
329 km or 204 mi Cali
$850
331 km or 206 mi Ocana
$765
334 km or 208 mi Santa Cruz de Lorica
$789
340 km or 211 mi Sincelejo
$586
346 km or 215 mi Magangue
$727
367 km or 228 mi Yopal
$740
370 km or 230 mi Neiva
$606
386 km or 240 mi Cucuta
$674
387 km or 241 mi San Antonio del Tachira
$678
391 km or 243 mi Rubio
$678
406 km or 252 mi San Cristobal
$685
410 km or 255 mi Tariba
$678
438 km or 272 mi Popayan
$631
448 km or 279 mi La Grita
$687

Cities near Panama City

Distance City Cost of living
8.1 km or 5 mi Balboa
$1396
16 km or 9.9 mi Tocumen
$1373
26 km or 16 mi Pacora
$1361
34 km or 21 mi La Chorrera
$982
59 km or 37 mi Colon
$1185
108 km or 67 mi Penonome
$1147
154 km or 96 mi Chitre
$1144
190 km or 118 mi Santiago de Veraguas
$1112
321 km or 199 mi Turbo
$797
329 km or 204 mi David
$909
398 km or 247 mi Monteria
$733
403 km or 250 mi Limon
$1228
406 km or 252 mi Santa Cruz de Lorica
$789
452 km or 281 mi Sincelejo
$586
463 km or 288 mi Cartagena
$1186
483 km or 300 mi Quibdo
$802
494 km or 307 mi Cartago
$1361
513 km or 319 mi San Jose
$1574
518 km or 322 mi Heredia
$1471
521 km or 324 mi Magangue
$727
526 km or 327 mi Bello
$1012
529 km or 329 mi Alajuela
$1362
530 km or 329 mi Medellin
$1162
534 km or 332 mi Envigado
$1041
558 km or 347 mi Soledad
$967
559 km or 348 mi Barranquilla
$931
595 km or 370 mi Puntarenas
$872
617 km or 383 mi Cartago
$769
617 km or 383 mi Cienaga
$882
623 km or 387 mi Manizales
$737
627 km or 390 mi Santa Teresa
$1325
627 km or 390 mi Pereira
$862
631 km or 392 mi Santa Marta
$973
632 km or 393 mi Buenaventura
$856
636 km or 395 mi Minca
$891
651 km or 404 mi Salento
$749
652 km or 405 mi Armenia
$749
657 km or 408 mi Tulua
$563
658 km or 409 mi Barrancabermeja
$1001
675 km or 419 mi Liberia
$1024