Last update: Oct 2026

Cost of Living Comparison Between Faro and Medellin

For one person, living is cheaper in Medellin: $1,639 a month against $1,918 in Faro, rent and utilities included – about $3,300 less a year. Higher rent and utilities in Faro outweigh lower spending on other living expenses.

92

Cost of Living Index in Faro
Learn more

Faro Living Index
79

Cost of Living Index in Medellin
Learn more

Medellin Living Index

Jump to prices

Faro

🇵🇹 Portugal

$1,918

/mo nomad

Medellin

🇨🇴 Colombia

$1,639

/mo nomad

Monthly Cost of Living

How much you'll spend in Faro and in Medellin

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

A single person spends $1,918 per month in Faro vs $1,639 in Medellin, rent included.

Faro $1,918
Medellin $1,639

A couple spends around $2,985 per month in Faro vs $2,413 in Medellin, rent included.

Faro $2,985
Medellin $2,413

A family of three spends $4,052 per month in Faro vs $3,186 in Medellin, rent included.

Faro $4,052
Medellin $3,186

Faro costs about 17% more than Medellin, and outside of rent the biggest gap is in eating out.

Both Faro and Medellin sit above the global median – Faro by 41%, Medellin by 20%.

Meal at Budget Restaurant

$13.23 €11.80

$8.09 COP 26.1K

63.54%

Three-Course Dinner for Two, Mid-Range

$44.54 €39.74

$47.05 COP 151.9K

-5.33%

Fast Food Meal (McDonalds, etc)

$11.06 €9.87

$9.50 COP 30.7K

16.42%

Cappuccino

$1.90 €1.70

$3.01 COP 9,734

-36.88%

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

$2.34 €2.09

$1.80 COP 5,809

30.00%

Water (0.33 liter bottle)

$1.65 €1.48

$1.41 COP 4,560

17.02%

Local Beer (0.5 liter draught)

$2.73 €2.44

$3.18 COP 10.3K

-14.15%

Imported Beer (0.33 liter bottle)

$2.53 €2.26

$5.75 COP 18.6K

-56.00%

Milk (1 liter)

$1.05 €0.93

$1.51 COP 4,875

-30.46%

White Bread (500g)

$1.46 €1.30

$2.38 COP 7,677

-38.66%

Rice (white) (1kg)

$1.73 €1.55

$1.77 COP 5,719

-2.26%

Eggs

$3.54 €3.16

$2.89 COP 9,332

22.49%

Local Cheese (1kg)

$13.56 €12.10

$10.19 COP 32.9K

33.07%

Chicken Fillets (1kg)

$6.08 €5.42

$9.87 COP 31.9K

-38.40%

Beef Round Steak (1kg)

$11.50 €10.26

$13.99 COP 45.2K

-17.80%

Apples (1kg)

$2.57 €2.29

$3.97 COP 12.8K

-35.26%

Banana (1kg)

$1.26 €1.12

$1.55 COP 5,011

-18.71%

Oranges (1kg)

$1.57 €1.40

$2.18 COP 7,047

-27.98%

Tomato (1kg)

$2.51 €2.24

$2.18 COP 7,050

15.14%

Potato (1kg)

$3.17 €2.83

$1.96 COP 6,336

61.73%

Onion (1kg)

$2.08 €1.86

$1.59 COP 5,131

30.82%

Lettuce (1 head)

$1.40 €1.25

$1.15 COP 3,698

21.74%

Water (1.5 liter bottle)

$1.11 €0.99

$1.24 COP 4,014

-10.48%

Cigarettes 20 Pack (Marlboro, Camel)

$6.35 €5.67

$3.96 COP 12.8K

60.35%

Wine (Bottle)

$5.05 €4.51

$13.68 COP 44.2K

-63.08%

Local Beer (0.5 liter bottle)

$0.96 €0.86

$1.66 COP 5,359

-42.17%

Imported Beer (0.33 liter bottle)

$3.39 €3.03

$2.26 COP 7,290

50.00%

One-way Ticket (Public Transport)

$3.20 €2.86

$1.17 COP 3,770

173.50%

Public Transport Monthly Pass (Regular Price)

$36.94 €32.96

$77.4 COP 249.8K

-52.26%

Taxi Start (Normal Tariff)

$3.61 €3.22

$1.27 COP 4,094

184.25%

Taxi (Normal Tariff) (1km)

$1.14 €1.02

$2.05 COP 6,611

-44.39%

Taxi 1hour Waiting (Normal Tariff)

$21.12 €18.84

$8.55 COP 27.6K

147.02%

Gasoline (1 liter)

$2.12 €1.89

$1.35 COP 4,348

57.04%

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

$33.8K €30.1K

$34.1K COP 110.0M

-0.82%

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

$37.6K €33.6K

$34.7K COP 111.9M

8.51%

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

$109 €97.5

$170 COP 547.7K

-35.60%

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

$19.54 €17.43

$13.55 COP 43.7K

44.21%

Internet (50+ Mbps, Unlimited Data)

$34.75 €31.01

$28.07 COP 90.6K

23.80%

Gym Membership (Monthly)

$39.89 €35.59

$43.70 COP 141.1K

-8.72%

Tennis Court (1 Hour on Weekend)

$20.90 €18.65

$17.19 COP 55.5K

21.58%

Cinema Ticket

$11.33 €10.11

$6.91 COP 22.3K

63.97%

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

$465 €415

$797 COP 2.6M

-41.65%

International Primary School, 1 Child (Yearly)

$10.9K €9,761

$9,112 COP 29.4M

20.07%

Jeans (Levis 501 Or Similar)

$71.9 €64.2

$84.7 COP 273.5K

-15.13%

Summer Dress (H&M, Zara, etc)

$43.31 €38.64

$58.0 COP 187.1K

-25.28%

Sport Shoes (Adidas, Nike)

$107 €95.0

$135 COP 435.7K

-21.09%

Men's Leather Business Shoes

$101 €89.7

$97.9 COP 316.0K

2.73%

1-bedroom Apartment, City Center (Monthly)

$1,301 €1,160

$1,208 COP 3.9M

7.69%

1-bedroom Apartment, Outside City Center (Monthly)

$1,046 €933

$642 COP 2.1M

63.01%

3-bedroom Apartment, City Center (Monthly)

$2,306 €2,057

$2,028 COP 6.5M

13.72%

3-bedroom Apartment, Outside City Center (Monthly)

$2,081 €1,856

$1,012 COP 3.3M

105.66%

Buy Apartment in City Center (m2)

$5,162 €4,606

$4,170 COP 13.5M

23.79%

Buy Apartment Outside City Center (m2)

$3,630 €3,239

$1,910 COP 6.2M

90.03%

Average Monthly Net Salary (After Tax)

$1,330 €1,186

$657 COP 2.1M

102.36%

20-Year Fixed Mortgage Interest Rate (Annual %)

3.57

10.94

-67.37%

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

Last update for Faro: October 24, 2026

Last update for Medellin: October 25, 2026

Monthly budget structure

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

Accommodation & Living

Faro

$1K 54.5%

Medellin

$642 39.1% 38.7% $404

Groceries & Markets

Faro

$245 12.8%

Medellin

$297 18.1% 21.1% $52

Eating Out

Faro

$197 10.3%

Medellin

$170 10.4% 13.7% $27

Monthly Utilities & Internet

Faro

$164 8.5%

Medellin

$211 12.9% 29.2% $48

Clothing & Footwear

Faro

$145 7.6%

Medellin

$169 10.3% 16.5% $24

Sport & Entertainment

Faro

$63 3.3%

Medellin

$58 3.5% 8% $5

Getting Around

Faro

$59 3.1%

Medellin

$94 5.7% 58.4% $34

Cost Breakdown

A central one-bedroom costs $1,301 in Faro versus $1,208 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 in Faro are about 2 times higher. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $45 in Faro versus $47 in Medellin. Monthly groceries follow the same trend: $245 vs $297 – making Faro the more affordable choice for daily food spending.

Good to know

🇵🇹 Faro

🇨🇴 Medellin

🕒 Local time

12:12 12:12 PM

07:12 7:12 AM

5 h behind Faro

🌤 Weather

👥 Population

67,650

2,486,723

💱 Currency

Euro EUR €

Colombian Peso COP $

📈 Exchange rate

1 EUR = 1.12 USD

10,000 COP = 3.1 USD

10,000 COP = 2.78 EUR

Exchange rates and currency converter

COP, USD to EUR – Euro Converter

🇺🇸 United States Dollar ($)

🇪🇺 Euro (€)

Euro exchange rates as of November 2, 2026: 1 USD = 0.892 EUR (1 EUR = 1.12 USD).

Colombian Peso exchange rates as of November 2, 2026: 1 USD = 3,229 COP (10,000 COP = 3.1 USD). 1 EUR = 3,603 COP (10,000 COP = 2.78 EUR).

USD to EUR in detail →

On the map

Lowest

Highest

Between locations

Faro Medellin 7,610 km ≈ 10 h nonstop flight

From you

Faro
Medellin

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

Faro vs Medellin: Cost of Living - Frequently Asked Questions

Yes – Faro is pricier by about 17%, and outside of rent the gap shows up most in eating out.

For a comfortable life, plan on about $2,877 per month in Faro and $2,459 in Medellin. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

A central 1-bedroom goes for about $1,301 in Faro and $1,208 in Medellin. The gap holds across neighborhoods – outer areas show a similar spread, just at lower price points.

Kindergarten costs $465 per month in Faro and $797 in Medellin. For families with young kids, this one expense can tip the scales when choosing between the two cities.

Interestingly, groceries are about 17% cheaper in Faro – one category where the pricier city actually offers better value.

$2,500 covers both cities comfortably – all-in costs are $1,918 in Faro and $1,639 in Medellin, leaving budget for savings and extras in both cases.

For digital nomads, it depends on budget. Medellin costs $1,639 versus $1,918 in Faro. Both appeal to remote workers, and the cost gap matters when income varies month to month.

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