Cost of Living in Colombia
Last updated on Aug 10, 2023
Summary: The cost of living in Colombia is generally considered to be quite affordable. A nice one bedroom apartment in Colombia can cost anywhere from $400 to $800 per month, while a nice two bedroom apartment can cost from $600 to $1,200 per month. The cost of dinner at a moderately priced restaurant in Colombia is usually around $10 to $15 per person.
Is the cost of living in Colombia high?
We asked people how much they someone comfortably live on in Colombia, they wrote:
"Some say as little as $1,500 per month. We live in the most expensive area of Medellin, so our cost is more than double that amount. It also depends what activities we do," explained one expat living in Medellin.
"The exact and precise answer is...that depends. Do you prefer city life or country living? How many in the family? how's your health? Do you think you'll need a car? I have more than $1500.00 (USD) but I could live on it no problemo. I'm single, have no need for a car because my neighborhood is pretty much self contained and walkable. 1500 bucks translated into COP would still be far more than the average person earns here," said one expat in Colombia.
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About the Author
Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.
Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.
Additional Information:
- Colombia Guide
- Healthcare & Health Insurance in Colombia
- Members Talk about Healthcare & Health Insurance in Colombia
- Best Places to Live in Colombia
- Real Estate in Colombia
- Guide to Real Estate in Colombia
- Pros & Cons of Living in Colombia
- Cost of Living in Colombia
- How to Enroll in the Public Healthcare System in Colombia
- 10 Best Places for Families to Live in Colombia
- How to Get a Driver's License in Colombia
- 15 Best Places to Live in Colombia
- 2024 Guide to Living in Colombia
- Pros and Cons of Living in Colombia 2024
- 2024 Guide to Moving to Colombia