Medellin vs Panama City
Home Price & Cost of Living Comparison
Live DataLast updated: March 31, 2026·Source: OECD, Numbeo & National Statistics
💡 Why it matters: Medellin vs Panama City
Medellin is 53% more affordable for homebuyers. Medellin has a price-to-income ratio of 7.2x compared to 7.5x in Panama City.
| Metric | Medellin | Panama City |
|---|---|---|
| Avg Home Price | $85,000 | $180,000 |
| Price / sqm | $1,500 | $2,500 |
| Rent (1BR) | $400/mo | $800/mo |
| Rent (3BR) | $700/mo | $1,400/mo |
| Price-to-Income | 7.2x | 7.5x |
| Mortgage Rate | 12.5% | 6.5% |
| 1yr Change | +3.8% | +2.5% |
| Median Income | $12,000/yr | $24,000/yr |
| Population | 2,500,000 | 880,000 |
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HomePricePeek Research TeamData Specialists
Our team analyzes data from OECD, Numbeo & National Statistics to deliver accurate, up-to-date information. All data is verified and cross-referenced with official sources.
✓ OECD, Numbeo & National Statistics✓ Updated 2025
Frequently Asked Questions
Is Medellin or Panama City more expensive?
Medellin is more affordable. Home prices differ by $95,000 (53%).
Which city has cheaper rent, Medellin or Panama City?
Rent for a 1BR in Medellin is $400/mo vs $800/mo in Panama City.
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