Is Caracas more expensive than Medellin?

Caracas is 1.2% more expensive than Medellin overall. Rent is 37.2% lower, groceries 13.4% more expensive, and restaurants 22.4% more expensive.

Which city has better purchasing power, Medellin or Caracas?

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

Cost of Living Comparison · 2026

🇨🇴 Medellin vs 🇻🇪 Caracas

2026

Caracas is 1.2% more expensive

Category	🇨🇴 Medellin	🇻🇪 Caracas	Difference
Cost of Living	48.7	49.3	+1.2%
Rent	22.6	14.2	-37.2%
Groceries	54.4	61.7	+13.4%
Restaurants	41.0	50.2	+22.4%
Purchasing Power	33.8	17.7	-47.6%

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 Medellin

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