Cost of Living Comparison Between Faro and Medellin Cost of Living Comparison Between Faro and Medellin

Monthly Cost of Living

A single person spends $1,852 per month in Faro vs $1,681 in Medellin, rent included.

A couple spends around $2,763 per month in Faro vs $2,445 in Medellin, rent included.

A family of three spends $3,675 per month in Faro vs $3,210 in Medellin, rent included.

Faro costs about 10% more than Medellin, driven mainly by Groceries & Markets.

Both Faro and Medellin sit above the global median – Faro by 35%, Medellin by 23%.

Meal at Budget Restaurant

$13.69 €11.93

$8.02 COP 25.0K

70.70%

Three-Course Dinner for Two, Mid-Range

$46.14 €40.22

$47.87 COP 149.4K

-3.61%

Fast Food Meal (McDonalds, etc)

$11.46 €9.99

$9.89 COP 30.8K

15.87%

Cappuccino

$1.87 €1.63

$3.13 COP 9,767

-40.26%

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

$2.48 €2.16

$1.91 COP 5,954

29.84%

Water (0.33 liter bottle)

$1.76 €1.54

$1.51 COP 4,712

16.56%

Local Beer (0.5 liter draught)

$2.94 €2.57

$3.12 COP 9,747

-5.77%

Imported Beer (0.33 liter bottle)

$2.56 €2.23

$5.75 COP 17.9K

-55.48%

Milk (1 liter)

$1.10 €0.96

$1.44 COP 4,509

-23.61%

White Bread (500g)

$1.56 €1.36

$2.49 COP 7,759

-37.35%

Rice (white) (1kg)

$1.87 €1.63

$1.77 COP 5,535

5.65%

Eggs

$3.49 €3.04

$2.96 COP 9,235

17.91%

Local Cheese (1kg)

$14.16 €12.34

$10.07 COP 31.4K

40.62%

Chicken Fillets (1kg)

$6.35 €5.53

$10.12 COP 31.6K

-37.25%

Beef Round Steak (1kg)

$11.07 €9.65

$14.30 COP 44.6K

-22.59%

Apples (1kg)

$2.68 €2.33

$4.14 COP 12.9K

-35.27%

Banana (1kg)

$1.31 €1.14

$1.61 COP 5,019

-18.63%

Oranges (1kg)

$1.60 €1.40

$2.25 COP 7,007

-28.89%

Tomato (1kg)

$2.59 €2.26

$2.25 COP 7,028

15.11%

Potato (1kg)

$3.30 €2.88

$2.04 COP 6,375

61.76%

Onion (1kg)

$2.56 €2.23

$1.54 COP 4,790

66.23%

Lettuce (1 head)

$1.40 €1.22

$1.17 COP 3,651

19.66%

Water (1.5 liter bottle)

$1.26 €1.10

$1.31 COP 4,077

-3.82%

Cigarettes 20 Pack (Marlboro, Camel)

$6.39 €5.57

$3.90 COP 12.2K

63.85%

Wine (Bottle)

$5.17 €4.51

$14.01 COP 43.7K

-63.10%

Local Beer (0.5 liter bottle)

$0.93 €0.81

$1.74 COP 5,439

-46.55%

Imported Beer (0.33 liter bottle)

$3.49 €3.04

$2.87 COP 8,956

21.60%

One-way Ticket (Public Transport)

$3.44 €3.00

$1.22 COP 3,792

181.97%

Public Transport Monthly Pass (Regular Price)

$42.48 €37.03

$80.5 COP 251.1K

-47.22%

Taxi Start (Normal Tariff)

$3.78 €3.29

$1.31 COP 4,084

188.55%

Taxi (Normal Tariff) (1km)

$1.14 €1.00

$2.19 COP 6,825

-47.95%

Taxi 1hour Waiting (Normal Tariff)

$22.18 €19.34

$8.71 COP 27.2K

154.65%

Gasoline (1 liter)

$2.06 €1.80

$1.37 COP 4,260

50.36%

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

$34.7K €30.3K

$27.8K COP 86.9M

24.73%

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

$40.1K €34.9K

$35.8K COP 111.6M

12.00%

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

$138 €120

$177 COP 553.2K

-22.14%

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

$20.10 €17.52

$13.88 COP 43.3K

44.81%

Internet (50+ Mbps, Unlimited Data)

$38.06 €33.18

$29.72 COP 92.8K

28.06%

Gym Membership (Monthly)

$43.09 €37.56

$44.88 COP 140.1K

-3.99%

Tennis Court (1 Hour on Weekend)

$22.32 €19.46

$17.12 COP 53.4K

30.37%

Cinema Ticket

$11.33 €9.88

$6.65 COP 20.7K

70.38%

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

$479 €418

$813 COP 2.5M

-41.07%

International Primary School, 1 Child (Yearly)

$11.3K €9,864

$9,187 COP 28.7M

23.18%

Jeans (Levis 501 Or Similar)

$71.7 €62.5

$89.5 COP 279.3K

-19.86%

Summer Dress (H&M, Zara, etc)

$44.96 €39.19

$59.0 COP 184.0K

-23.76%

Sport Shoes (Adidas, Nike)

$110 €95.9

$138 COP 431.2K

-20.37%

Men's Leather Business Shoes

$105 €91.3

$102 COP 318.7K

2.50%

1-bedroom Apartment, City Center (Monthly)

$1,044 €910

$1,062 COP 3.3M

-1.67%

1-bedroom Apartment, Outside City Center (Monthly)

$927 €808

$663 COP 2.1M

39.80%

3-bedroom Apartment, City Center (Monthly)

$1,778 €1,550

$1,888 COP 5.9M

-5.82%

3-bedroom Apartment, Outside City Center (Monthly)

$1,569 €1,368

$1,027 COP 3.2M

52.75%

Buy Apartment in City Center (m2)

$4,762 €4,151

$4,183 COP 13.1M

13.83%

Buy Apartment Outside City Center (m2)

$3,727 €3,249

$1,675 COP 5.2M

122.55%

Average Monthly Net Salary (After Tax)

$1,359 €1,184

$678 COP 2.1M

100.48%

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: September 15, 2026

Last update for Medellin: September 14, 2026

Cost Breakdown

A central one-bedroom costs $1,044 in Faro 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.

Salaries run about 100% higher in Faro, 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 $46.00 in Faro versus $48.00 in Medellin. Monthly groceries follow the same trend: $254 vs $305 – making Faro 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

Faro vs Medellin: Cost of Living - Frequently Asked Questions

Yes – Faro is pricier by about 10%, 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 $2,777 per month in Faro 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 Medellin, especially for central apartments. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

Kindergarten costs $479 per month in Faro and $813 in Medellin. For families with young kids, this one expense can tip the scales when choosing between the two cities.

Interestingly, groceries are about 20% cheaper in Faro – one category where the pricier city actually offers better value, probably thanks to stronger retail competition or local farming.

A $2,500 monthly budget goes further in Medellin, where all-in costs run around $1,681, than in Faro at $1,852. In Medellin it covers expenses comfortably, while in Faro 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.

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, Faro makes more sense. Both are solid long-term options with distinct trade-offs.