Cost of Living Comparison Between Binan City and Medellin Cost of Living Comparison Between Binan City and Medellin

Monthly Cost of Living

A single person spends $744 per month in Binan City vs $1,681 in Medellin, rent included.

A couple spends around $1,124 per month in Binan City vs $2,445 in Medellin, rent included.

A family of three spends $1,504 per month in Binan City vs $3,210 in Medellin, rent included.

Binan City is about 56% cheaper than Medellin, driven mainly by Groceries & Markets.

Binan City sits 46% below the global median, while Medellin is 23% above – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$4.02 ₱252

$8.02 COP 25.4K

-49.88%

Three-Course Dinner for Two, Mid-Range

$16.48 ₱1,035

$47.87 COP 152.0K

-65.57%

Fast Food Meal (McDonalds, etc)

$2.72 ₱171

$9.89 COP 31.4K

-72.50%

Cappuccino

$1.84 ₱116

$3.13 COP 9,937

-41.21%

Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)

$0.60 ₱37.87

$1.91 COP 6,058

-68.59%

Water (0.33 liter bottle)

$0.33 ₱20.84

$1.51 COP 4,794

-78.15%

Local Beer (0.5 liter draught)

$0.97 ₱61.1

$3.12 COP 9,917

-68.91%

Imported Beer (0.33 liter bottle)

$1.63 ₱102

$5.75 COP 18.3K

-71.65%

Milk (1 liter)

$1.60 ₱101

$1.44 COP 4,587

11.11%

White Bread (500g)

$1.11 ₱69.4

$2.49 COP 7,894

-55.42%

Rice (white) (1kg)

$0.96 ₱60.3

$1.77 COP 5,631

-45.76%

Eggs

$2.08 ₱131

$2.96 COP 9,396

-29.73%

Local Cheese (1kg)

$5.21 ₱327

$10.07 COP 32.0K

-48.26%

Chicken Fillets (1kg)

$3.51 ₱221

$10.12 COP 32.1K

-65.32%

Beef Round Steak (1kg)

$7.10 ₱446

$14.30 COP 45.4K

-50.35%

Apples (1kg)

$2.36 ₱148

$4.14 COP 13.1K

-43.00%

Banana (1kg)

$1.56 ₱97.9

$1.61 COP 5,106

-3.11%

Oranges (1kg)

$2.41 ₱152

$2.25 COP 7,129

7.11%

Tomato (1kg)

$1.02 ₱64.1

$2.25 COP 7,150

-54.67%

Potato (1kg)

$1.72 ₱108

$2.04 COP 6,486

-15.69%

Onion (1kg)

$1.72 ₱108

$1.54 COP 4,873

11.69%

Lettuce (1 head)

$0.67 ₱42.03

$1.17 COP 3,715

-42.74%

Water (1.5 liter bottle)

$0.56 ₱34.92

$1.31 COP 4,148

-57.25%

Cigarettes 20 Pack (Marlboro, Camel)

$2.59 ₱163

$3.90 COP 12.4K

-33.59%

Wine (Bottle)

$7.75 ₱487

$14.01 COP 44.5K

-44.68%

Local Beer (0.5 liter bottle)

$0.91 ₱57.4

$1.74 COP 5,534

-47.70%

Imported Beer (0.33 liter bottle)

$2.02 ₱127

$2.87 COP 9,112

-29.62%

One-way Ticket (Public Transport)

$0.25 ₱15.52

$1.22 COP 3,858

-79.51%

Public Transport Monthly Pass (Regular Price)

$12.27 ₱771

$80.5 COP 255.5K

-84.75%

Taxi Start (Normal Tariff)

$0.66 ₱41.40

$1.31 COP 4,155

-49.62%

Taxi (Normal Tariff) (1km)

$0.21 ₱13.18

$2.19 COP 6,944

-90.41%

Taxi 1hour Waiting (Normal Tariff)

$1.95 ₱122

$8.71 COP 27.7K

-77.61%

Gasoline (1 liter)

$1.14 ₱71.7

$1.37 COP 4,334

-16.79%

Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)

$21.4K ₱1.3M

$27.8K COP 88.4M

-23.24%

Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)

$19.1K ₱1.2M

$35.8K COP 113.6M

-46.47%

Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)

$140 ₱8,799

$177 COP 562.9K

-21.01%

SIM Card Monthly Plan (Calls and 10GB+ Data)

$15.84 ₱995

$13.88 COP 44.1K

14.12%

Internet (50+ Mbps, Unlimited Data)

$30.73 ₱1,931

$29.72 COP 94.4K

3.40%

Gym Membership (Monthly)

$33.89 ₱2,129

$44.88 COP 142.5K

-24.49%

Tennis Court (1 Hour on Weekend)

$5.04 ₱317

$17.12 COP 54.4K

-70.56%

Cinema Ticket

$5.13 ₱322

$6.65 COP 21.1K

-22.86%

Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)

$132 ₱8,321

$813 COP 2.6M

-83.71%

International Primary School, 1 Child (Yearly)

$7,497 ₱471.0K

$9,187 COP 29.2M

-18.39%

Jeans (Levis 501 Or Similar)

$28.40 ₱1,784

$89.5 COP 284.1K

-68.26%

Summer Dress (H&M, Zara, etc)

$19.28 ₱1,211

$59.0 COP 187.2K

-67.31%

Sport Shoes (Adidas, Nike)

$71.4 ₱4,486

$138 COP 438.8K

-48.33%

Men's Leather Business Shoes

$55.4 ₱3,480

$102 COP 324.2K

-45.77%

1-bedroom Apartment, City Center (Monthly)

$269 ₱16.9K

$1,062 COP 3.4M

-74.69%

1-bedroom Apartment, Outside City Center (Monthly)

$168 ₱10.6K

$663 COP 2.1M

-74.59%

3-bedroom Apartment, City Center (Monthly)

$541 ₱34.0K

$1,888 COP 6.0M

-71.33%

3-bedroom Apartment, Outside City Center (Monthly)

$342 ₱21.5K

$1,027 COP 3.3M

-66.66%

Buy Apartment in City Center (m2)

$2,278 ₱143.1K

$4,183 COP 13.3M

-45.53%

Buy Apartment Outside City Center (m2)

$1,125 ₱70.7K

$1,675 COP 5.3M

-32.83%

Average Monthly Net Salary (After Tax)

$678 COP 2.2M

20-Year Fixed Mortgage Interest Rate (Annual %)

6.75

10.94

-38.30%

CityCost data is based on AI and user input – minor inaccuracies may occur.

Last update for Binan City: September 14, 2026

Last update for Medellin: September 14, 2026

Cost Breakdown

A central one-bedroom costs $269 in Binan City versus $1,062 in Medellin. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

A mid-range dinner for two costs $16.00 in Binan City versus $48.00 in Medellin. Monthly groceries follow the same trend: $172 vs $305 – making Binan City the more affordable choice for daily food spending.

City Median Internet Speeds Comparison (Updated April 2026)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

Binan City vs Medellin: Cost of Living - Frequently Asked Questions

Yes – Medellin is pricier by about 126%, and the gap shows up most in Groceries & Markets. It's not just housing either; the difference applies across most spending categories.

For a comfortable life, plan on about $1,117 per month in Binan City and $2,521 in Medellin. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Binan City, especially for central apartments. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

Kindergarten costs $132 per month in Binan City and $813 in Medellin. For families with young kids, this one expense can tip the scales when choosing between the two cities.

Groceries cost about 77% more in Medellin, though it depends on what you buy. Local produce may be comparable; imported and premium items show the biggest price gap.

A $1,500 monthly budget goes further in Binan City, where all-in costs run around $744, than in Medellin at $1,681. In Binan City it covers expenses comfortably, while in Medellin it requires careful planning or may not stretch far enough.

Families tend to lean toward Binan City – lower housing and cheaper childcare make a real difference, especially on a single income or when paying for private education.

Both have safer and rougher neighborhoods, but overall safety is comparable to other large cities. Neighborhood choice matters more than the city-level comparison – central, well-trafficked areas feel secure in both.

If budget matters most, go with Binan City. If higher salaries, better infrastructure, or specific career opportunities are the priority, Medellin makes more sense. Both are solid long-term options with distinct trade-offs.