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Cost of living

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Cali222
11/24/2018 11:19 EST

Just out of intrest ,with prices going up daily how much does one spend in a month,,also what things do you find economical here example food transport resturants.

CAtoMDE
11/24/2018 11:31 EST

"with prices going up" not if you are earning US dollars, at 3,200+ $=COP it is approaching double when I starting visiting Medellin 8 or 9 years ago and can't remember what the exchange was on my very first visit to Colombia in 1990.

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cccmedia
11/24/2018 11:35 EST

"...with prices going up daily..."

----

Prices have NOT been going up lately for dollarized Expats visiting, living in or moving to Colombia.

The dollar has consistently been at or near historic highs versus the Colombian currency in the last two months. Per xe.com, one USA dollar is up to 3191 pesos (aka COP) in value as of today.

Four or five years ago, you only got about 1800 pesos of value to the dollar.

Before the recent runup, the rate was hovering around the low 2900's for quite a while.

----

For the more prosaic costs of food, transportation, housing, etcetera on a city-by-city basis, that information is available at numbeo.com ....

cccmedia

ponymalta
11/24/2018 12:17 EST

I agree with other posts, since dollar has been relatively strong, local price increases hasn't effected us. $1,000 a month still pays for our three bedroom apartment ,transport, food, utilities, private school, insurance, weekly beauty parlor for wife and daughter,and all the basics including eating out on the weekends. That has been our household budget for past three years.


Do we spend more at times ? Of course but for something special like vacaton or my wife or daughter speding too much on clothes- but one of Colombia's strong points is I don't really have to think about how much something costs - but then again to avoid Gringo prices I just let my wife handle the basic household budget. So really I dont see any effect on rising prices though I hear about, and if I can live comfortably on $1,000 a month with Medellin's great weather, relaxed atmosphere, no complaints about prices ! ( I do have impression that clothing prices have gone up and often for some items cheaper and better quality in the states).

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