Is Medellin more expensive than Caracas?

Medellin is 1.2% cheaper than Caracas overall. Rent is 59.2% higher, groceries 11.8% cheaper, and restaurants 18.3% cheaper.

Which city has better purchasing power, Caracas or Medellin?

Caracas has a purchasing power index of 17.7 while Medellin has 33.8 (NYC = 100). Medellin offers better purchasing power.

Cost of Living Comparison · 2026

🇻🇪 Caracas vs 🇨🇴 Medellin

2026

Medellin is 1.2% cheaper

Category	🇻🇪 Caracas	🇨🇴 Medellin	Difference
Cost of Living	49.3	48.7	-1.2%
Rent	14.2	22.6	+59.2%
Groceries	61.7	54.4	-11.8%
Restaurants	50.2	41.0	-18.3%
Purchasing Power	17.7	33.8	+91.0%

Data verified Q1 2026 · Source: Numbeo cost-of-living indices (NYC = 100 baseline) · Indices reflect relative costs; absolute prices vary by neighbourhood.

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🇻🇪 Cost of Living in Caracas

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