Cost of Living Comparison Between Cold Lake and Medellin Cost of Living Comparison Between Cold Lake and Medellin

Monthly Cost of Living

A single person spends $2,029 per month in Cold Lake vs $1,013 in Medellin, rent included.

A couple spends around $3,036 per month in Cold Lake vs $1,602 in Medellin, rent included.

A family of three spends $4,044 per month in Cold Lake vs $2,192 in Medellin, rent included.

Cold Lake costs about 100% more than Medellin, driven mainly by Eating Out.

Cold Lake sits 51% above the global median, while Medellin is 24% below – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$18.59 CA$25.75

$5.99 COP 21.4K

210.35%

Three-Course Dinner for Two, Mid-Range

$61.6 CA$85.3

$32.86 COP 117.4K

87.43%

Fast Food Meal (McDonalds, etc)

$11.43 CA$15.83

$7.09 COP 25.3K

61.21%

Cappuccino

$3.83 CA$5.30

$1.71 COP 6,115

123.98%

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

$2.15 CA$2.97

$1.10 COP 3,924

95.45%

Water (0.33 liter bottle)

$1.50 CA$2.08

$0.78 COP 2,781

92.31%

Local Beer (0.5 liter draught)

$5.72 CA$7.92

$1.68 COP 5,997

240.48%

Imported Beer (0.33 liter bottle)

$5.91 CA$8.18

$3.07 COP 11.0K

92.51%

Milk (1 liter)

$1.06 CA$1.47

$1.09 COP 3,906

-2.75%

White Bread (500g)

$2.05 CA$2.83

$1.26 COP 4,508

62.70%

Rice (white) (1kg)

$3.16 CA$4.37

$1.38 COP 4,922

128.99%

Eggs

$3.58 CA$4.96

$2.19 COP 7,827

63.47%

Local Cheese (1kg)

$11.51 CA$15.94

$4.40 COP 15.7K

161.59%

Chicken Fillets (1kg)

$12.75 CA$17.65

$5.63 COP 20.1K

126.47%

Beef Round Steak (1kg)

$16.06 CA$22.24

$8.89 COP 31.8K

80.65%

Apples (1kg)

$4.61 CA$6.39

$2.34 COP 8,349

97.01%

Banana (1kg)

$1.11 CA$1.54

$1.06 COP 3,777

4.72%

Oranges (1kg)

$1.89 CA$2.62

$1.50 COP 5,374

26.00%

Tomato (1kg)

$2.19 CA$3.03

$1.38 COP 4,924

58.70%

Potato (1kg)

$2.37 CA$3.28

$1.15 COP 4,111

106.09%

Onion (1kg)

$1.08 CA$1.49

$1.16 COP 4,155

-6.90%

Lettuce (1 head)

$2.70 CA$3.74

$0.89 COP 3,182

203.37%

Water (1.5 liter bottle)

$1.93 CA$2.67

$0.84 COP 2,997

129.76%

Cigarettes 20 Pack (Marlboro, Camel)

$12.43 CA$17.22

$2.28 COP 8,145

445.18%

Wine (Bottle)

$12.26 CA$16.97

$10.64 COP 38.0K

15.23%

Local Beer (0.5 liter bottle)

$2.98 CA$4.12

$1.20 COP 4,284

148.33%

Imported Beer (0.33 liter bottle)

$3.27 CA$4.53

$2.47 COP 8,824

32.39%

One-way Ticket (Public Transport)

$2.42 CA$3.34

$0.86 COP 3,056

181.40%

Public Transport Monthly Pass (Regular Price)

$62.9 CA$87.1

$41.40 COP 147.9K

51.98%

Taxi Start (Normal Tariff)

$3.24 CA$4.48

$1.47 COP 5,264

120.41%

Taxi (Normal Tariff) (1km)

$1.66 CA$2.29

$1.96 COP 7,009

-15.31%

Taxi 1hour Waiting (Normal Tariff)

$23.09 CA$31.96

$7.74 COP 27.6K

198.32%

Gasoline (1 liter)

$1.01 CA$1.39

$0.95 COP 3,409

6.32%

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

$25.0K CA$34.6K

$18.1K COP 64.7M

37.74%

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

$22.0K CA$30.5K

$26.5K COP 94.6M

-16.89%

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

$204 CA$283

$82.3 COP 293.7K

148.28%

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

$44.18 CA$61.2

$9.50 COP 33.9K

365.05%

Internet (50+ Mbps, Unlimited Data)

$65.3 CA$90.4

$24.23 COP 86.5K

169.58%

Gym Membership (Monthly)

$42.61 CA$59.0

$25.89 COP 92.4K

64.58%

Tennis Court (1 Hour on Weekend)

$19.00 COP 67.9K

Cinema Ticket

$13.46 CA$18.63

$3.93 COP 14.0K

242.49%

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

$708 CA$980

$309 COP 1.1M

128.71%

International Primary School, 1 Child (Yearly)

$11.7K CA$16.2K

$5,965 COP 21.3M

96.60%

Jeans (Levis 501 Or Similar)

$29.96 CA$41.48

$58.7 COP 209.5K

-48.93%

Summer Dress (H&M, Zara, etc)

$36.74 CA$50.9

$32.35 COP 115.5K

13.57%

Sport Shoes (Adidas, Nike)

$54.7 CA$75.7

$103 COP 366.4K

-46.70%

Men's Leather Business Shoes

$93.0 CA$129

$108 COP 387.2K

-14.23%

1-bedroom Apartment, City Center (Monthly)

$899 CA$1,245

$476 COP 1.7M

88.86%

1-bedroom Apartment, Outside City Center (Monthly)

$867 CA$1,200

$379 COP 1.4M

128.87%

3-bedroom Apartment, City Center (Monthly)

$1,614 CA$2,235

$838 COP 3.0M

92.59%

3-bedroom Apartment, Outside City Center (Monthly)

$1,517 CA$2,100

$724 COP 2.6M

109.58%

Buy Apartment in City Center (m2)

$2,791 COP 10.0M

Buy Apartment Outside City Center (m2)

$1,211 COP 4.3M

Average Monthly Net Salary (After Tax)

$3,146 CA$4,356

$512 COP 1.8M

514.71%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.08

13.43

-54.73%

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

Last update for Cold Lake: May 31, 2026

Last update for Medellin: May 31, 2026

Cost Breakdown

A central one-bedroom costs $899 in Cold Lake versus $476 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 515% higher in Cold Lake, 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 $62.0 in Cold Lake versus $33.00 in Medellin. Monthly groceries follow the same trend: $342 vs $188 – 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

Cold Lake vs Medellin: Cost of Living - Frequently Asked Questions

Yes – Cold Lake is pricier by about 100%, and the gap shows up most in Eating Out. It's not just housing either; the difference applies across most spending categories.

For a comfortable life, plan on about $3,043 per month in Cold Lake and $1,519 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.

A mid-range dinner for two costs $62.0 in Cold Lake and $33.00 in Medellin. That's a good indicator of the overall restaurant and café pricing gap between the two cities.

Monthly expenses with rent come to $2,029 in Cold Lake and $1,013 in Medellin. The difference isn't just one category – it shows up across housing, food, transport, and services.

A $1,500 monthly budget goes further in Medellin, where all-in costs run around $1,013, than in Cold Lake at $2,029. In Medellin it covers expenses comfortably, while in Cold Lake it requires careful planning or may not stretch far enough.

Families tend to lean toward Medellin – 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 Medellin. If higher salaries, better infrastructure, or specific career opportunities are the priority, Cold Lake makes more sense. Both are solid long-term options with distinct trade-offs.