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Medellín vs Panama City — Cost of Living Comparison 2026

Which city is cheaper, safer, and better for remote workers? Here's the data.

Colombia
Cost of Living (US=100)
32
very affordable
Panama
Cost of Living (US=100)
6
very affordable
NoodlePants Verdict — generated from live data

Panama City edges out Medellín on affordability with a Cost of Living index of 6 vs 32.4 (US=100; very affordable vs very affordable). Panama City scores higher on safety (55/100), and Medellín wins on internet at ~130 Mbps. Overall, Medellín takes the Nomad Score crown with 80/100 — best for budget nomad and latam base.

Metric
Medellín
Panama City
Avg Rent 1BR (city centre)
US$580
US$900
Avg Rent 1BR (outside centre)
US$360
US$650
Cost of Living (US=100)
32
6
Safety Score
48/100
55/100
Internet Speed
130 Mbps
80 Mbps
Nomad Score
80/100
7/100
Healthcare Score
70/100
70/100
Digital Nomad Visa
✓ Available
Not available

Who is each city for?

Medellín is better for…
Budget nomadLatAm baseSpring climateCommunity
See the Colombia country profile
Panama City is better for…
Remote workers
See the Panama country profile

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