Cost of Living in Bogota, Colombia

Last updated on Jul 08, 2023

Summary: The cost of living in Bogota, Colombia is generally considered to be quite affordable. A nice 1 bedroom apartment in Bogota can cost anywhere from $400 to $800 per month in US Dollars, while a nice 2 bedroom apartment can cost anywhere from $600 to $1,200 per month in US Dollars. The cost of dinner at a moderately priced restaurant in Bogota is usually around $10 to $15 per person in US Dollars.

Is the cost of living in Bogota high?

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

"The cost of living in Bogota is generally considered to be quite affordable. Groceries, transportation, and utilities are all relatively inexpensive compared to other cities in the region. Rent prices can vary depending on the area, but are generally lower than in other major cities. Eating out is also quite affordable, with many restaurants offering meals for a fraction of the cost of what they would be in other countries. Overall, Bogota is a great place to live for those looking for an affordable lifestyle," explained one expat.

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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.