Cost of living and prices in Medellín, prices of food, rent, shopping, etc. 🇨🇴
Updated Jul 2023

Discover the cost of living in Medellín, Colombia, a vibrant city located in South America's northwest. With its coordinates of 6.24764 latitude and -75.56582 longitude, and an elevation of 1500 meters above sea level, Medellín provides a unique living experience.

With a population of 2,529,403 people, Medellín is Colombia's second-largest city and a beacon of growth and development. It operates on the America/Bogota time zone, GMT: -5.0, making it very convenient for travelers. Although the cost of living in Medellín is relatively low compared to other cities in South America, residents' quality of life is exceptional, making it an ideal place to call home.

Medellín's low cost of living is significant, but it is not the only reason to move there. The city's temperate year-round climate, friendly locals, and growing economy make it a bustling metropolis. Additionally, residents can enjoy top-notch healthcare and education options that provide a strong public infrastructure.

If you're looking for an affordable place to call home without compromising on quality, Medellín is a perfect choice. The diverse landscape and rich culture of this unique city make it a hidden gem that is worth discovering.

Cost of Living Estimate in Medellín

Total cost of living in Medellín for two person with average consumption for one month will be 606.31 USD, no rent price included. Click here to calculate cost-of-living estimate in Medellín

You can calculate cost of living in Medellín by changing quantity using input near each good or service. Resulting total will appear in a floating box in the bottom of your screen.

Restaurants prices

When it comes to food, Medellín has something for everyone. Whether you're looking for traditional Colombian dishes or international cuisine, this city has it all. One option for visitors is to explore the popular Colombian street food scene, which offers a range of tasty and affordable dishes like arepas, empanadas, and patacones. But if you're in the mood for a more sit-down dining experience, Medellín also has a variety of upscale restaurants to choose from. Many of these restaurants offer unique dishes that are inspired by traditional Colombian ingredients, but with a modern twist. So whether you're looking for a quick bite or a fancy night out, there are plenty of options to satisfy any craving.

Another exciting option for travelers is to check out some of Medellín's popular food markets. These markets are filled with vendors selling fresh fruits, vegetables, meats, and cheeses, as well as a variety of prepared foods. They offer a great opportunity to try new things and experience the local culture. One such market is the Mercado del Río, a vibrant indoor market located in the heart of the city. Here you can find everything from gourmet coffee to delicious seafood, all in one place. With so many options to choose from, visitors are sure to find something they love in the diverse and flavorful food scene of Medellín.

Meal in Inexpensive Restaurant
4.31 $
Meal for 2 People, Mid-range Restaurant, Three-course
22.96 $
McMeal at McDonalds or Alternative Combo Meal
5.17 $
Domestic Beer, 0.5 liter Draught
1.15 $
Imported Beer, 0.33 liter Bottle
2.30 $
Cappuccino
1.23 $
Coca-Cola, 0.33 liter Bottle
0.79 $

Markets prices

Medellín, Colombia is known for being a vibrant and bustling city with a plethora of markets, each with their own unique flair. From the bustling central market to the quaint neighborhood markets, visitors can find an array of fresh fruits, vegetables, and meats at competitive prices. In addition to the traditional markets, Medellín also has a variety of specialty markets that offer artisanal goods, such as handmade clothing and ceramics. Overall, the prices at Medellín's markets are reasonable, making it a great spot for budget-conscious travelers and locals alike.

While prices may vary depending on the market location and vendors, it's safe to say that bargaining is a common practice in Medellín's markets. It's important to keep in mind that many vendors will have a set price, but negotiating a lower price is usually expected. This adds an element of excitement to the shopping experience and can lead to some great deals. Whether you're in the market for fresh produce, unique souvenirs, or simply want to immerse yourself in the local culture, Medellín's markets are the place to be.

Water, 0.33 liter Bottle
0.68 $
Milk, Regular,1 liter
0.67 $
Loaf of Fresh White Bread, 0.5 kg
0.91 $
White Rice, 1 kg
1.05 $
Eggs, 12 pack
1.55 $
Local Cheese, 1 kg
2.73 $
Chicken Breasts, Boneless and Skinless, 1 kg
4.16 $
Beef Round or Equivalent Back Leg Red Meat, 1 kg
4.71 $
Apples, 1 kg
2.08 $
Banana, 1 kg
0.64 $
Oranges, 1 kg
1.44 $
Tomato, 1 kg
1.23 $
Potato, 1 kg
0.99 $
Onion, 1 kg
0.89 $
Lettuce, 1 head
0.72 $
Water, 1.5 liter Bottle
0.84 $
Bottle of Wine, Mid-Range Price
9.27 $
Domestic Beer, 0.5 liter Bottle
1.04 $
Imported Beer, 0.33 liter Bottle
1.90 $
Pack of Cigarettes
2.27 $

Transportation prices

Medellín, the second largest city in Colombia, has a well-developed transportation system that offers visitors a variety of options. One of the most popular ways to get around is by using the Metro, which includes a modern and efficient metro rail system as well as a cable car network that provides access to the city's hillside neighborhoods. The cable cars not only offer a unique way to see the city but also provide stunning views of the surrounding mountains. Additionally, there are buses and taxis available for those who prefer more traditional modes of transportation.

Another mode of transportation in Medellín that is gaining popularity is cycling. The city has an extensive network of bike routes, known as ciclorutas, which connect many areas of the city. Many visitors choose to rent a bike and explore the city on their own or take a guided bike tour. The ciclovía, a program where certain roads are closed to cars on Sundays and holidays, provides an opportunity for families to enjoy an active, car-free environment while exploring the city. With so many options to choose from, visitors to Medellín will find transportation in the city both convenient and exciting.

One-way Ticket, Local Transport
0.69 $
Monthly Pass, Regular Price
30.14 $
Taxi Start, Normal Tariff
1.29 $
Taxi, price for 1 km, Normal Tariff
0.85 $
Taxi, price for 1 hour Waiting, Normal Tariff
7.18 $
Gasoline, 1 liter
0.73 $
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)
18,861.02 $

Utilities Per Month prices

When traveling to Medellín, Colombia, it's important to keep in mind the different utility costs that may affect your stay. One thing to note is that electricity is typically more expensive in this city due to the high demand for air conditioning during the hot summer months. However, water and gas prices are relatively affordable and won't add too much to your overall expenses. Additionally, compared to other major cities in the region, Medellín has a well-developed public transportation system that can help you save money on gas or taxi fares.

Another utility cost to consider when traveling to Medellín is internet and phone services. With a thriving tech industry and growing number of digital nomads, the city offers a variety of options for internet providers and mobile carriers. Depending on your personal needs, you can choose between affordable plans with lower speeds or invest in higher-speed options for faster streaming and reliable connections. Many cafes and coworking spaces also offer free wifi, making it easy to stay connected while exploring the city.

Basic utilities for 85m2 Apartment including Electricity, Heating or Cooling, Water and Garbage
58.93 $
Prepaid Mobile Tariff Local, price per 1 min, No Discounts or Plans
0.05 $
Internet, 60 Mbps or More, Unlimited Data, Cable/ADSL
31.27 $

Sports And Leisure prices

Medellín is a vibrant city filled with opportunities for sports and leisure. For outdoor enthusiasts, there are countless hiking trails and parks to explore, including the stunning Arví Park. The park is accessible by cable car and offers breathtaking views of the city and surrounding mountains. If water sports are more your style, the nearby Guatapé Reservoir is perfect for kayaking and paddle boarding. For those seeking a more laid-back leisure experience, Medellín is home to an array of museums, art galleries, and theaters showcasing the city's rich history and culture.

Sports fanatics will also be pleased with the selection of activities in Medellín. Soccer, or fútbol as it is called in Colombia, is the national sport and there is no better place to experience the excitement of a live game than at the Atanasio Girardot Stadium. The stadium is home to two of Medellín's major teams, Atlético Nacional and Independiente Medellín. For those interested in a more unique sporting experience, the city also boasts a vibrant ultimate frisbee scene with numerous clubs and leagues. Whether you're looking to break a sweat or unwind, Medellín is sure to offer something that appeals to everyone's taste.

Fitness Club, Monthly Fee for 1 Adult
21.93 $
Tennis Court Rent, 1 Hour on Weekend
9.18 $

Salaries And Financing prices

If you're traveling to Medellín, Colombia, you may be interested to learn that the cost of living is relatively low compared to other major cities in Latin America. This includes salaries, which may be lower than what you're used to in your home country, but can still provide a comfortable lifestyle in Medellín. The city offers a range of job opportunities in industries such as tech, finance, and healthcare, with salaries varying depending on the sector and level of experience. Overall, Medellín can be a great place to live and work while enjoying a lower cost of living.

When it comes to financing in Medellín, there are several convenient ways to manage your money. The city has a well-developed banking system, with a variety of local and international banks to choose from. Many banks offer online and mobile banking services, as well as ATMs located throughout the city. Additionally, Medellín has a thriving startup culture, with a number of innovative fintech companies working to make financial services more accessible and convenient for locals and visitors alike. Whether you're opening a bank account, sending money abroad, or looking for a new way to manage your finances, Medellín has plenty of options to suit your needs.

Cinema ticket, 1 Seat
4.31 $
Average Monthly Net Salary, After Tax
352.14 $
Mortgage Interest Rate in Percentages for 20 Years Fixed-Rate, Yearly, Fixed-Rate
11.03 %

Childcare prices

Childcare prices in Medellín, Colombia can vary widely depending on the type of care and the quality of the facility. For parents looking for full-time care for their children, there are many schools and kindergartens to choose from. Some schools offer bilingual education, while others specialize in specific curriculum areas such as art or sports. The cost of these programs can be a significant financial burden for families, but many parents find that the benefits of high-quality care and early education are well worth the investment.

For parents who need more flexible childcare options, there are also many daycares and home-based providers available in Medellín. These options can be more affordable than some of the larger schools and kindergartens, and may offer more flexible hours to accommodate parents' work schedules. However, it is important to carefully research these providers to ensure that they are licensed and provide high-quality care for your child.

Private Preschool or Kindergarten, Monthly for 1 Child
174.73 $
International Primary School, Yearly for 1 Child
4,223.44 $

Clothing And Shoes prices

If you're looking for affordable clothing and shoes in Medellín, you're in luck. There are various local markets such as the Plaza Minorista and Mercado de San Alejo, where you can find a wide array of styles for much less than what you'll find in a mall. These markets are perfect for bargain hunters and those who love a good deal. For higher-end options, many international and local brands can be found in shopping centers such as El Tesoro and Santa Fe Mall. If you'd rather shop second-hand, there are also several thrift stores throughout the city that offer unique pieces at a fraction of the original cost.

When it comes to shoes, Medellín offers a great variety of options for all budgets. Downtown shoe stores such as Calzado Victoria and Calzado La Industria have been around for generations and offer high-quality shoes at reasonable prices. If you're looking for something more trendy, there are plenty of shoe stores in commercial centers like Unicentro and Oviedo Mall that offer fashionable options. And of course, for those who prefer sports or outdoor activities, specialized stores like Adidas and Columbia can be found throughout the city. No matter your tastes or budget, you'll surely find what you're looking for in Medellín!

Pair of Jeans in a Chain Store Like George, H&M, Zara, etc.
47.88 $
Summer Dress in a Chain Store Like George, H&M, Zara, etc.
27.93 $
Pair of Running Shoes, Mid-Range Price
78.01 $
Pair of Leather Business Shoes
69.04 $

Rent Per Month prices

Looking for a short-term accommodation option in Medellín? You're in luck - the city has a variety of options that cater to all needs and budgets. From luxurious apartments in the upscale neighborhoods to rooms for rent in the vibrant Poblado district, you'll find something that fits your style and budget.

If you're looking for a budget-friendly option, there are plenty of hostels and homestays that offer affordable rates and a chance to connect with other travelers. Alternatively, if you prefer more privacy and space, you can rent a fully furnished apartment for a few weeks or months. Whatever you decide, you'll be sure to find comfortable and convenient accommodations in Medellín that will make your stay memorable.

One bedroom apartment in city centre
318.15 $
One bedroom apartment outside of city centre
271.01 $
Three bedroom apartment in city centre
468.65 $
Three bedroom apartment outside of city centre
453.59 $

Buy Apartment prices

Medellín, Colombia is a popular destination for real estate buyers due to its high quality of life and affordable prices compared to other Latin American cities. With the rise of the tech industry, Medellín has become a hub for digital nomads and remote workers, making it a great place to invest in property. There are many buying options available, from apartments to houses in both modern and traditional neighborhoods. Whatever your taste and budget, you will find something that suits you in Medellín.

When it comes to prices, Medellín is relatively inexpensive compared to other major cities in South America. However, the prices can vary depending on location and the type of property you are looking for. The city center tends to be more expensive due to its proximity to business districts and cultural attractions. On the other hand, the outskirts offer more affordable options for those who don't mind a bit of a commute. With such a variety of options available, you can find the perfect property for your budget and lifestyle in Medellín.

Price per m2 to Buy Apartment in City Center
1,140.37 $
Price per m2 to Buy Apartment Outside of City Center
1,270.01 $