🇨🇴 Colombia · #404 of 538 cities · 2026

Cost of Living in Medellin

2.5% above the Colombia average

Ranked #404 of 538 cities · More expensive than 24.9% of cities worldwide

Compared to Colombia average

Rent Prices

Rent Prices in Medellin

Apartment City Centre Outside Centre You Save
1-Bedroom USD 2,519,052/mo USD 1,707,877/mo 32%
3-Bedroom USD 4,571,270/mo USD 3,121,523/mo 32%
Numbeo · 2026-03-12

Cost Indices

Cost of Living
+2.5% Average
Rent
+3.1% Average
Groceries
+2.5% Average
Restaurants
+1.1% Average
Purchasing Power
-3.7% Average

Living in Medellin: What to Expect

Medellin is average by global standards (ranked #404 of 538 cities). It is 2.5% more expensive than the Colombia average, based on 4 cities.

Groceries are average, while dining out is average. Restaurants offers the best value, while Rent is the priciest.

Local purchasing power is limited — residents can afford fewer goods and services than in most cities.

Workers in Colombia earning COP 207,561,114 gross take home COP 14,028,208/month after tax (18.9% effective rate). See full Colombia tax calculator →

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