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Medellin, Colombia

Cost of Living in Colombia

By Betsy Burlingame

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.

Cigna Global Health
Cigna Global Health
Cigna Global Health
Cigna Global Health

Is the cost of living in Colombia high?

We asked people how much they someone comfortably live on in Colombia, they wrote:

"The cost of living in Colombia is generally quite affordable compared to other countries in the region. Prices for basic grocery items, transportation and other utilities are generally lower than neighboring countries. Eating out and entertainment costs are also quite reasonable and there are good deals to be had. Housing can be more expensive in some of the bigger cities but there are still budget-friendly options available," said one expat in Colombia.

"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," remarked one in Colombia.

"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.

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About the Author

Betsy Burlingame 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.

Medellin, Colombia

Colombian Visa Services
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Colombian Visa ServicesColombian Visa Services

Take the stress out of immigrating to Colombia by working with an experienced, bilingual immigration attorney.
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