Last update: Oct 2026

Cost of Living Comparison Between Bogota and Fairbanks, AK

For one person, living is cheaper in Bogota: $1,310 a month against $2,975 in Fairbanks, AK, rent and utilities included – about $20,000 less a year. Rent and utilities account for about half of the difference.

62

Cost of Living Index in Bogota
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Bogota Living Index
146

Cost of Living Index in Fairbanks, AK
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Fairbanks, AK Living Index

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Bogota

🇨🇴 Colombia

$1,310

/mo nomad

Fairbanks, AK

🇺🇸 United States

$2,975

/mo nomad

Monthly Cost of Living

How much you'll spend in Bogota and in Fairbanks, AK

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Bogota and in Fairbanks, AK actually costs, broken down by who's living it.

A single person spends $1,310 per month in Bogota vs $2,975 in Fairbanks, AK, rent included.

Bogota $1,310
Fairbanks, AK $2,975

A couple spends around $2,073 per month in Bogota vs $4,357 in Fairbanks, AK, rent included.

Bogota $2,073
Fairbanks, AK $4,357

A family of three spends $2,836 per month in Bogota vs $5,739 in Fairbanks, AK, rent included.

Bogota $2,836
Fairbanks, AK $5,739

Bogota is about 56% cheaper than Fairbanks, AK, and outside of rent the biggest gap is in eating out.

Bogota sits 2% below the global median, while Fairbanks, AK is 122% above – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$7.62 COP 24.5K

$25.15 $25.15

-69.70%

Three-Course Dinner for Two, Mid-Range

$40.93 COP 131.8K

$102 $102

-59.75%

Fast Food Meal (McDonalds, etc)

$9.96 COP 32.1K

$15.25 $15.25

-34.69%

Cappuccino

$2.46 COP 7,933

$6.12 $6.12

-59.80%

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

$1.36 COP 4,394

$2.74 $2.74

-50.36%

Water (0.33 liter bottle)

$0.82 COP 2,631

$1.95 $1.95

-57.95%

Local Beer (0.5 liter draught)

$2.01 COP 6,472

$6.79 $6.79

-70.40%

Imported Beer (0.33 liter bottle)

$3.85 COP 12.4K

$9.85 $9.85

-60.91%

Milk (1 liter)

$1.62 COP 5,213

$1.13 $1.13

43.36%

White Bread (500g)

$2.46 COP 7,909

$5.37 $5.37

-54.19%

Rice (white) (1kg)

$1.65 COP 5,311

$4.68 $4.68

-64.74%

Eggs

$3.45 COP 11.1K

$4.23 $4.23

-18.44%

Local Cheese (1kg)

$7.69 COP 24.8K

$21.64 $21.64

-64.46%

Chicken Fillets (1kg)

$7.02 COP 22.6K

$9.08 $9.08

-22.69%

Beef Round Steak (1kg)

$9.72 COP 31.3K

$20.45 $20.45

-52.47%

Apples (1kg)

$3.47 COP 11.2K

$7.64 $7.64

-54.58%

Banana (1kg)

$1.78 COP 5,732

$2.09 $2.09

-14.83%

Oranges (1kg)

$1.96 COP 6,305

$5.91 $5.91

-66.84%

Tomato (1kg)

$1.75 COP 5,637

$6.18 $6.18

-71.68%

Potato (1kg)

$1.40 COP 4,507

$3.70 $3.70

-62.16%

Onion (1kg)

$1.39 COP 4,479

$3.64 $3.64

-61.81%

Lettuce (1 head)

$1.31 COP 4,232

$2.75 $2.75

-52.36%

Water (1.5 liter bottle)

$1.16 COP 3,724

$1.95 $1.95

-40.51%

Cigarettes 20 Pack (Marlboro, Camel)

$4.15 COP 13.4K

$12.17 $12.17

-65.90%

Wine (Bottle)

$12.24 COP 39.4K

$12.01 $12.01

1.92%

Local Beer (0.5 liter bottle)

$1.42 COP 4,575

$1.75 $1.75

-18.86%

Imported Beer (0.33 liter bottle)

$2.83 COP 9,117

One-way Ticket (Public Transport)

$1.06 COP 3,426

$1.54 $1.54

-31.17%

Public Transport Monthly Pass (Regular Price)

$48.65 COP 156.7K

$39.97 $39.97

21.72%

Taxi Start (Normal Tariff)

$2.28 COP 7,335

$3.60 $3.60

-36.67%

Taxi (Normal Tariff) (1km)

$2.31 COP 7,454

$2.13 $2.13

8.45%

Taxi 1hour Waiting (Normal Tariff)

$9.26 COP 29.8K

$45.48 $45.48

-79.64%

Gasoline (1 liter)

$1.26 COP 4,042

$1.28 $1.28

-1.56%

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

$23.4K COP 75.3M

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

$35.3K COP 113.7M

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

$121 COP 389.4K

$209 $209

-42.24%

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

$15.63 COP 50.3K

$63.2 $63.2

-75.26%

Internet (50+ Mbps, Unlimited Data)

$29.00 COP 93.4K

$142 $142

-79.61%

Gym Membership (Monthly)

$32.55 COP 104.8K

$98.7 $98.7

-67.01%

Tennis Court (1 Hour on Weekend)

$15.14 COP 48.7K

Cinema Ticket

$7.55 COP 24.3K

$18.05 $18.05

-58.17%

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

$465 COP 1.5M

$1,826 $1,826

-74.55%

International Primary School, 1 Child (Yearly)

$8,119 COP 26.1M

Jeans (Levis 501 Or Similar)

$82.5 COP 265.6K

$59.1 $59.1

39.62%

Summer Dress (H&M, Zara, etc)

$46.69 COP 150.3K

$40.69 $40.69

14.75%

Sport Shoes (Adidas, Nike)

$142 COP 457.4K

$119 $119

19.63%

Men's Leather Business Shoes

$104 COP 335.2K

$119 $119

-12.47%

1-bedroom Apartment, City Center (Monthly)

$781 COP 2.5M

$1,596 $1,596

-51.07%

1-bedroom Apartment, Outside City Center (Monthly)

$440 COP 1.4M

$1,379 $1,379

-68.09%

3-bedroom Apartment, City Center (Monthly)

$1,258 COP 4.1M

$2,605 $2,605

-51.71%

3-bedroom Apartment, Outside City Center (Monthly)

$974 COP 3.1M

$2,197 $2,197

-55.67%

Buy Apartment in City Center (m2)

$2,755 COP 8.9M

$1,984 $1,984

38.83%

Buy Apartment Outside City Center (m2)

$2,239 COP 7.2M

$2,029 $2,029

10.34%

Average Monthly Net Salary (After Tax)

$795 COP 2.6M

$3,943 $3,943

-79.84%

20-Year Fixed Mortgage Interest Rate (Annual %)

12.81

6.71

90.91%

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

Last update for Bogota: October 3, 2026

Last update for Fairbanks, AK: October 5, 2026

Monthly budget structure

Share of the monthly basket for one person, rent included.

Accommodation & Living

Bogota

$440 34%

Fairbanks, AK

$1.4K 46% 213% $939

Groceries & Markets

Bogota

$256 19.9%

Fairbanks, AK

$463 * 15.5% 80.6% $207

Clothing & Footwear

Bogota

$169 13.1%

Fairbanks, AK

$152 5.1% 10.1% $17

Monthly Utilities & Internet

Bogota

$166 12.8%

Fairbanks, AK

$415 13.8% 151% $249

Eating Out

Bogota

$147 11.4%

Fairbanks, AK

$393 13.1% 167% $246

Getting Around

Bogota

$67 5.2%

Fairbanks, AK

$60 2% 9.5% $6.4

Sport & Entertainment

Bogota

$48 3.7%

Fairbanks, AK

$135 4.5% 183% $87

Categories marked with * are only partly priced – their share counts the items that do have prices.

Cost Breakdown

A central one-bedroom costs $781 in Bogota versus $1,596 in Fairbanks, AK. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

Salaries run about 396% higher in Fairbanks, AK, which partly offsets the higher cost of living there. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $41.00 in Bogota versus $102 in Fairbanks, AK. Monthly groceries follow the same trend: $256 vs $463 – making Bogota the more affordable choice for daily food spending.

Good to know

🇨🇴 Bogota

🇺🇸 Fairbanks, AK

🕒 Local time

01:48 1:48 AM

22:48 10:48 PM

3 h behind Bogota

🌤 Weather

👥 Population

8,181,047 Capital

32,515

💱 Currency

Colombian Peso COP $

United States Dollar USD $

📈 Exchange rate

10,000 COP = 3.11 USD

10,000 COP = 2.77 EUR

1 USD = 0.892 EUR

Exchange rates and currency converter

USD, EUR to COP – Colombian Peso Converter

🇺🇸 United States Dollar ($)

🇨🇴 Colombian Peso ($)

Colombian Peso exchange rates as of October 10, 2026: 1 USD = 3,220 COP (10,000 COP = 3.11 USD). 1 EUR = 3,611 COP (10,000 COP = 2.77 EUR).

United States Dollar exchange rates as of October 10, 2026: 1 EUR = 1.12 USD (1 USD = 0.892 EUR).

USD to COP in detail →

On the map

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Between locations

Bogota Fairbanks, AK 8,770 km ≈ 11 h nonstop flight

From you

Bogota
Fairbanks, AK

Distances are measured in a straight line. Your location is detected approximately.

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

Bogota vs Fairbanks, AK: Cost of Living - Frequently Asked Questions

Yes – Fairbanks, AK is pricier by about 127%, and outside of rent the gap shows up most in eating out.

For a comfortable life, plan on about $1,966 per month in Bogota and $4,462 in Fairbanks, AK. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

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

Monthly expenses with rent come to $1,310 in Bogota and $2,975 in Fairbanks, AK. That's a gap of about 127%.

Public transport costs about 22% less in Bogota. For daily commuters, that gap adds up to noticeable savings over a year.

A $1,500 monthly budget goes further in Bogota, where all-in costs run around $1,310, than in Fairbanks, AK at $2,975. In Bogota it covers expenses comfortably, while in Fairbanks, AK it requires careful planning or may not stretch far enough.

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

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