Medellín, Colombia’s “City of Eternal Spring,” has become increasingly popular among expats, digital nomads, and tourists alike. Known for its temperate climate, friendly locals, and thriving culture, Medellín offers an appealing mix of modern urban living and rich history. One of the key reasons many are drawn to this Colombian city is its affordable cost of living compared to Western countries. Whether you’re planning to visit for a few months or relocate long-term, understanding the cost of living in Medellín is crucial to budget effectively.
In this guide, we’ll break down the cost of living in Medellín in various key categories, such as accommodation, food, transportation, healthcare, and entertainment.
1. Accommodation Costs
Accommodation is likely to be your biggest expense in Medellín, but even here, you’ll find prices relatively affordable. There are several options available, from luxury apartments in upscale areas to more budget-friendly rooms in shared housing.
- Renting a one-bedroom apartment in the city center: COP 1,500,000 – 2,500,000 (USD 400 – 650) per month.
- Renting outside the city center: COP 1,000,000 – 1,800,000 (USD 270 – 490) per month.
- Shared accommodations or rooms in hostels/guesthouses: COP 800,000 – 1,200,000 (USD 210 – 320) per month.
Neighborhoods like El Poblado and Laureles are popular with expats and tend to have higher prices, while areas like Envigado and Sabaneta, slightly outside the city, offer more affordable options.
2. Food and Groceries
Medellín’s food scene is diverse, from traditional Colombian dishes to international cuisine. Dining out is generally inexpensive, but prices can vary depending on the restaurant and area.
- Meal at a local restaurant: COP 12,000 – 20,000 (USD 3 – 5).
- Mid-range meal for two at a restaurant: COP 80,000 – 120,000 (USD 20 – 32).
- Monthly groceries for one person: COP 400,000 – 600,000 (USD 100 – 160).
Shopping at local markets or tiendas (small grocery stores) can save you money on fresh produce, whereas imported goods at supermarkets can be pricier.
3. Transportation
Public transportation in Medellín is highly efficient, with the city’s Metro system being a standout feature. Additionally, taxis and ride-hailing services like Didi and Uber are widely available.
- Metro ride: COP 3,000 (USD 0.80) per trip.
- Taxi fare (5 km/3 mi ride): COP 10,000 – 15,000 (USD 2.60 – 4).
- Monthly public transport pass: COP 100,000 (USD 27).
If you prefer to drive, fuel prices are reasonable, but renting or buying a car can significantly increase your costs.
4. Utilities and Internet
Utilities in Medellín are relatively affordable, with electricity being the most expensive part of the bill, especially if you live in a larger apartment or use air conditioning frequently.
- Basic utilities (electricity, heating, water, garbage) for an 85 m² apartment: COP 200,000 – 400,000 (USD 54 – 110) per month.
- Internet (60 Mbps or more, unlimited data): COP 100,000 – 150,000 (USD 27 – 40) per month.
5. Healthcare Costs
Medellín boasts excellent healthcare services at affordable prices, especially for expats. The city’s clinics and hospitals are well-equipped, and many doctors speak English.
- Visit to a general practitioner: COP 100,000 – 200,000 (USD 27 – 54).
- Dental cleaning: COP 100,000 – 150,000 (USD 27 – 40).
- Monthly health insurance for expats: COP 150,000 – 300,000 (USD 40 – 80).
Colombia’s health insurance system, EPS (Entidades Promotoras de Salud), offers affordable and reliable coverage for residents, including foreigners on a visa.
6. Entertainment and Leisure
Medellín has no shortage of entertainment options, from vibrant nightlife to outdoor activities and cultural experiences.
- Cinema ticket: COP 15,000 – 25,000 (USD 4 – 7).
- Gym membership: COP 70,000 – 150,000 (USD 19 – 40) per month.
- Coffee at a café: COP 5,000 – 10,000 (USD 1.30 – 2.60).
- Night out (dinner and drinks): COP 100,000 – 200,000 (USD 27 – 54) per person.
For those who enjoy exploring, Medellín’s surrounding nature offers plenty of free or low-cost activities, including hiking, visiting parks, and exploring nearby towns like Guatapé.
7. Miscellaneous Expenses
There are always extra costs to consider when living in a new city, from laundry services to mobile phone plans. Here are a few common expenses:
- Prepaid mobile phone plan with data: COP 50,000 – 80,000 (USD 13 – 21) per month.
- Laundry (wash, dry, fold): COP 20,000 – 50,000 (USD 5 – 13).
- Haircut: COP 20,000 – 50,000 (USD 5 – 13).
8. Total Monthly Budget Estimate
Based on the various costs outlined above, here’s a rough breakdown of a monthly budget for someone living in Medellín:
- Basic budget (shared accommodation, eating at home, public transport): COP 2,500,000 – 3,500,000 (USD 650 – 950).
- Comfortable budget (private apartment, dining out, entertainment, private healthcare): COP 4,500,000 – 6,500,000 (USD 1,200 – 1,750).
Final Thoughts
Medellín offers a high quality of life at a fraction of the cost compared to many Western cities. The exact cost of living will depend on your lifestyle choices, but for most people, Medellín provides an affordable, vibrant, and comfortable environment to call home. Whether you’re a digital nomad, a retiree, or someone looking for a fresh start, Medellín’s cost of living can suit a wide range of budgets while allowing you to enjoy all the city has to offer.