What is the average cost of housing in Medellin?

If you are thinking about moving to Medellin, cost of living in probably a key consideration. Expats commented about the cost of housing...

"The cost of housing in Medellin varies depending on the area and type of property. Generally, the average cost of a one-bedroom apartment in the city center is around $500 to $700 per month, while a three-bedroom apartment in the suburbs can cost around $800 to $1,000 per month. Prices for larger homes and luxury apartments can be significantly higher," said another expat in Medellin, Colombia.

"Costs are MUCH lower as average wages are US$300 / month. With $500 / month, you can live like a king - Utilities $100 (no heating or cooling required), health $50 max with insurance and co-pay, food $250 (buy local grown/made products), other $100 for restaurants ($5 dinner), taxi $5 or bus / metro $0.65 / trip. Housing starts at $100k for good quality US style design - do not waste money on rent as real estate is a good investment here," wrote a member who made the move to Medellin, Colombia.

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What is the average cost of housing in Medellin?

If you live in Medellin, newcomers to Medellin would love to hear your answer to this question.