Cost of Living Comparison Between Budva and Medellin Cost of Living Comparison Between Budva and Medellin

Monthly Cost of Living

A single person spends $1,710 per month in Budva vs $1,031 in Medellin, rent included.

A couple spends around $2,776 per month in Budva vs $1,599 in Medellin, rent included.

A family of three spends $3,842 per month in Budva vs $2,167 in Medellin, rent included.

Budva costs about 66% more than Medellin, driven mainly by Eating Out.

Budva sits 28% above the global median, while Medellin is 23% below – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$16.23 €14.18

$6.16 COP 20.0K

163.47%

Three-Course Dinner for Two, Mid-Range

$67.1 €58.6

$32.60 COP 106.0K

105.67%

Fast Food Meal (McDonalds, etc)

$11.70 €10.22

$7.34 COP 23.9K

59.40%

Cappuccino

$2.97 €2.60

$1.72 COP 5,592

72.67%

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

$2.18 €1.90

$1.05 COP 3,416

107.62%

Water (0.33 liter bottle)

$1.43 €1.25

$0.77 COP 2,511

85.71%

Local Beer (0.5 liter draught)

$3.57 €3.12

$1.69 COP 5,480

111.24%

Imported Beer (0.33 liter bottle)

$3.83 €3.35

$3.17 COP 10.3K

20.82%

Milk (1 liter)

$1.43 €1.25

$1.05 COP 3,418

36.19%

White Bread (500g)

$1.10 €0.96

$1.30 COP 4,230

-15.38%

Rice (white) (1kg)

$2.46 €2.15

$1.40 COP 4,538

75.71%

Eggs

$3.16 €2.76

$2.16 COP 7,037

46.30%

Local Cheese (1kg)

$8.84 €7.72

$4.39 COP 14.3K

101.37%

Chicken Fillets (1kg)

$8.39 €7.33

$5.88 COP 19.1K

42.69%

Beef Round Steak (1kg)

$11.81 €10.32

$8.64 COP 28.1K

36.69%

Apples (1kg)

$1.28 €1.12

$2.28 COP 7,415

-43.86%

Banana (1kg)

$1.71 €1.50

$1.11 COP 3,599

54.05%

Oranges (1kg)

$1.69 €1.47

$1.53 COP 4,976

10.46%

Tomato (1kg)

$2.85 €2.49

$1.35 COP 4,405

111.11%

Potato (1kg)

$1.03 €0.90

$1.13 COP 3,669

-8.85%

Onion (1kg)

$1.25 €1.09

$1.13 COP 3,687

10.62%

Lettuce (1 head)

$1.72 €1.50

$0.85 COP 2,749

102.35%

Water (1.5 liter bottle)

$1.20 €1.05

$0.91 COP 2,971

31.87%

Cigarettes 20 Pack (Marlboro, Camel)

$4.52 €3.95

$2.34 COP 7,619

93.16%

Wine (Bottle)

$6.66 €5.82

$12.37 COP 40.2K

-46.16%

Local Beer (0.5 liter bottle)

$1.23 €1.08

$1.20 COP 3,904

2.50%

Imported Beer (0.33 liter bottle)

$1.73 €1.51

$2.49 COP 8,094

-30.52%

One-way Ticket (Public Transport)

$2.26 €1.97

$0.84 COP 2,724

169.05%

Public Transport Monthly Pass (Regular Price)

$40.95 €35.78

$40.57 COP 131.9K

0.94%

Taxi Start (Normal Tariff)

$1.19 €1.04

$1.42 COP 4,617

-16.20%

Taxi (Normal Tariff) (1km)

$1.06 €0.92

$1.92 COP 6,227

-44.79%

Taxi 1hour Waiting (Normal Tariff)

$17.09 €14.93

$7.66 COP 24.9K

123.11%

Gasoline (1 liter)

$1.70 €1.48

$0.99 COP 3,219

71.72%

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

$30.3K €26.5K

$18.0K COP 58.6M

68.27%

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

$26.7K €23.3K

$26.6K COP 86.6M

0.17%

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

$157 €137

$80.8 COP 262.7K

93.95%

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

$18.18 €15.88

$9.95 COP 32.3K

82.71%

Internet (50+ Mbps, Unlimited Data)

$32.60 €28.48

$24.18 COP 78.6K

34.82%

Gym Membership (Monthly)

$62.0 €54.2

$25.08 COP 81.5K

147.29%

Tennis Court (1 Hour on Weekend)

$24.38 €21.30

$19.15 COP 62.3K

27.31%

Cinema Ticket

$5.73 €5.01

$3.98 COP 13.0K

43.97%

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

$416 €363

$305 COP 992.2K

36.20%

International Primary School, 1 Child (Yearly)

$10.3K €8,965

$6,059 COP 19.7M

69.35%

Jeans (Levis 501 Or Similar)

$115 €100

$58.1 COP 189.0K

97.04%

Summer Dress (H&M, Zara, etc)

$48.45 €42.33

$32.20 COP 104.7K

50.47%

Sport Shoes (Adidas, Nike)

$110 €96.1

$101 COP 327.5K

9.17%

Men's Leather Business Shoes

$204 €178

$108 COP 350.3K

89.30%

1-bedroom Apartment, City Center (Monthly)

$965 €843

$477 COP 1.5M

102.51%

1-bedroom Apartment, Outside City Center (Monthly)

$694 €607

$376 COP 1.2M

84.56%

3-bedroom Apartment, City Center (Monthly)

$1,773 €1,549

$845 COP 2.7M

109.85%

3-bedroom Apartment, Outside City Center (Monthly)

$1,396 €1,220

$730 COP 2.4M

91.14%

Buy Apartment in City Center (m2)

$4,264 €3,726

$3,215 COP 10.5M

32.62%

Buy Apartment Outside City Center (m2)

$3,079 €2,690

$1,372 COP 4.5M

124.35%

Average Monthly Net Salary (After Tax)

$1,021 €892

$617 COP 2.0M

65.59%

20-Year Fixed Mortgage Interest Rate (Annual %)

5.93

13.43

-55.85%

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

Last update for Budva: July 13, 2026

Last update for Medellin: July 12, 2026

Cost Breakdown

A central one-bedroom costs $965 in Budva versus $477 in Medellin. 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 66% higher in Budva, 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 $67.0 in Budva versus $33.00 in Medellin. Monthly groceries follow the same trend: $239 vs $193 – making Medellin 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

Budva vs Medellin: Cost of Living - Frequently Asked Questions

Monthly costs with rent: $1,710 in Budva, $1,031 in Medellin – roughly 66% apart. Budva costs more across the board, with Eating Out showing the biggest gap.

For a comfortable life, plan on about $2,565 per month in Budva and $1,546 in Medellin. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Medellin, 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 $1,710 in Budva and $1,031 in Medellin. The difference isn't just one category – it shows up across housing, food, transport, and services.

Public transport costs about 1% less in Medellin. For daily commuters, that gap adds up to noticeable savings over a year.

A $1,500 monthly budget goes further in Medellin, where all-in costs run around $1,031, than in Budva at $1,710. In Medellin it covers expenses comfortably, while in Budva it requires careful planning or may not stretch far enough.

It depends on your priorities. Medellin has an edge in some lifestyle areas, with costs from $1,031 in Medellin to $1,710 in Budva. Climate, culture, job market, and personal taste all factor in.

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