Last update: Oct 2026

Cost of Living Comparison Between Florence and Medellin

For one person, living is cheaper in Medellin: $1,614 a month against $2,416 in Florence, rent and utilities included – about $9,600 less a year. Rent and utilities account for most of the difference.

117

Cost of Living Index in Florence
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Florence Living Index
79

Cost of Living Index in Medellin
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Medellin Living Index

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Florence

🇮🇹 Italy

$2,416

/mo nomad

Medellin

🇨🇴 Colombia

$1,614

/mo nomad

Monthly Cost of Living

How much you'll spend in Florence 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 Florence and in Medellin actually costs, broken down by who's living it.

A single person spends $2,416 per month in Florence vs $1,614 in Medellin, rent included.

Florence $2,416
Medellin $1,614

A couple spends around $3,684 per month in Florence vs $2,402 in Medellin, rent included.

Florence $3,684
Medellin $2,402

A family of three spends $4,952 per month in Florence vs $3,190 in Medellin, rent included.

Florence $4,952
Medellin $3,190

Florence costs about 50% more than Medellin, and outside of rent the biggest gap is in eating out.

Both Florence and Medellin sit above the global median – Florence by 79%, Medellin by 20%.

Meal at Budget Restaurant

$27.03 €24.04

$7.93 COP 25.2K

240.86%

Three-Course Dinner for Two, Mid-Range

$78.7 €70.0

$46.13 COP 146.3K

70.65%

Fast Food Meal (McDonalds, etc)

$14.67 €13.05

$9.50 COP 30.1K

54.42%

Cappuccino

$2.27 €2.02

$3.11 COP 9,866

-27.01%

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

$3.27 €2.91

$1.83 COP 5,800

78.69%

Water (0.33 liter bottle)

$1.49 €1.32

$1.38 COP 4,360

7.97%

Local Beer (0.5 liter draught)

$6.65 €5.91

$3.05 COP 9,672

118.03%

Imported Beer (0.33 liter bottle)

$7.59 €6.75

$5.50 COP 17.4K

38.00%

Milk (1 liter)

$1.92 €1.71

$1.45 COP 4,600

32.41%

White Bread (500g)

$2.58 €2.29

$2.36 COP 7,496

9.32%

Rice (white) (1kg)

$2.82 €2.50

$1.68 COP 5,328

67.86%

Eggs

$4.67 €4.15

$2.86 COP 9,077

63.29%

Local Cheese (1kg)

$26.16 €23.27

$10.19 COP 32.3K

156.72%

Chicken Fillets (1kg)

$12.16 €10.81

$9.53 COP 30.2K

27.60%

Beef Round Steak (1kg)

$25.75 €22.90

$14.04 COP 44.5K

83.40%

Apples (1kg)

$3.01 €2.68

$4.07 COP 12.9K

-26.04%

Banana (1kg)

$2.62 €2.33

$1.50 COP 4,742

74.67%

Oranges (1kg)

$3.26 €2.90

$2.17 COP 6,891

50.23%

Tomato (1kg)

$3.24 €2.88

$2.31 COP 7,310

40.26%

Potato (1kg)

$2.27 €2.02

$1.93 COP 6,113

17.62%

Onion (1kg)

$1.82 €1.62

$1.64 COP 5,196

10.98%

Lettuce (1 head)

$1.88 €1.67

$1.13 COP 3,571

66.37%

Water (1.5 liter bottle)

$0.70 €0.62

$1.25 COP 3,954

-44.00%

Cigarettes 20 Pack (Marlboro, Camel)

$7.23 €6.43

$3.99 COP 12.6K

81.20%

Wine (Bottle)

$7.87 €7.00

$13.35 COP 42.3K

-41.05%

Local Beer (0.5 liter bottle)

$2.01 €1.79

$1.70 COP 5,384

18.24%

Imported Beer (0.33 liter bottle)

$3.14 €2.79

$2.37 COP 7,525

32.49%

One-way Ticket (Public Transport)

$1.98 €1.76

$1.21 COP 3,827

63.64%

Public Transport Monthly Pass (Regular Price)

$42.68 €37.96

$76.5 COP 242.5K

-44.20%

Taxi Start (Normal Tariff)

$3.63 €3.23

$1.32 COP 4,179

175.00%

Taxi (Normal Tariff) (1km)

$1.19 €1.06

$2.14 COP 6,774

-44.39%

Taxi 1hour Waiting (Normal Tariff)

$31.18 €27.73

$8.47 COP 26.8K

268.12%

Gasoline (1 liter)

$2.19 €1.95

$1.30 COP 4,114

68.46%

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

$35.9K €32.0K

$28.0K COP 88.7M

28.43%

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

$34.6K €30.8K

$35.4K COP 112.3M

-2.21%

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

$247 €220

$172 COP 545.6K

43.80%

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

$11.81 €10.50

$13.37 COP 42.4K

-11.67%

Internet (50+ Mbps, Unlimited Data)

$33.28 €29.60

$28.73 COP 91.1K

15.84%

Gym Membership (Monthly)

$63.5 €56.5

$45.24 COP 143.5K

40.38%

Tennis Court (1 Hour on Weekend)

$21.46 €19.09

$17.04 COP 54.0K

25.94%

Cinema Ticket

$12.64 €11.24

$6.28 COP 19.9K

101.27%

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

$747 €665

$770 COP 2.4M

-3.00%

International Primary School, 1 Child (Yearly)

$16.4K €14.6K

$9,011 COP 28.6M

81.53%

Jeans (Levis 501 Or Similar)

$96.1 €85.4

$86.4 COP 274.0K

11.17%

Summer Dress (H&M, Zara, etc)

$39.37 €35.02

$57.1 COP 181.1K

-31.09%

Sport Shoes (Adidas, Nike)

$109 €96.7

$137 COP 432.9K

-20.41%

Men's Leather Business Shoes

$145 €129

$97.9 COP 310.4K

47.87%

1-bedroom Apartment, City Center (Monthly)

$1,588 €1,412

$1,055 COP 3.3M

50.46%

1-bedroom Apartment, Outside City Center (Monthly)

$1,034 €920

$616 COP 2.0M

67.95%

3-bedroom Apartment, City Center (Monthly)

$2,779 €2,472

$1,892 COP 6.0M

46.86%

3-bedroom Apartment, Outside City Center (Monthly)

$1,842 €1,639

$1,023 COP 3.2M

80.09%

Buy Apartment in City Center (m2)

$6,269 €5,576

$4,059 COP 12.9M

54.44%

Buy Apartment Outside City Center (m2)

$3,905 €3,473

$1,678 COP 5.3M

132.64%

Average Monthly Net Salary (After Tax)

$1,980 €1,761

$652 COP 2.1M

203.52%

20-Year Fixed Mortgage Interest Rate (Annual %)

3.16

10.94

-71.12%

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

Last update for Florence: October 13, 2026

Last update for Medellin: October 12, 2026

Monthly budget structure

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

Accommodation & Living

Florence

$1K 42.8%

Medellin

$616 38.2% 40.5% $418

Groceries & Markets

Florence

$410 17%

Medellin

$295 18.3% 28.1% $115

Eating Out

Florence

$355 14.7%

Medellin

$168 10.4% 52.6% $187

Monthly Utilities & Internet

Florence

$293 12.1%

Medellin

$214 13.3% 26.8% $78

Clothing & Footwear

Florence

$175 7.2%

Medellin

$170 10.5% 2.8% $4.9

Sport & Entertainment

Florence

$89 3.7%

Medellin

$58 3.6% 34.9% $31

Getting Around

Florence

$60 2.5%

Medellin

$93 5.8% 55% $33

Cost Breakdown

A central one-bedroom costs $1,588 in Florence versus $1,055 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 204% higher in Florence, 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 $79.0 in Florence versus $46.00 in Medellin. Monthly groceries follow the same trend: $410 vs $295 – making Medellin the more affordable choice for daily food spending.

Good to know

🇮🇹 Florence

🇨🇴 Medellin

🕒 Local time

17:53 5:53 PM

10:53 10:53 AM

7 h behind Florence

🌤 Weather

👥 Population

382,808

2,486,723

💱 Currency

Euro EUR €

Colombian Peso COP $

📈 Exchange rate

1 EUR = 1.12 USD

10,000 COP = 3.15 USD

10,000 COP = 2.81 EUR

Exchange rates and currency converter

COP, USD to EUR – Euro Converter

🇺🇸 United States Dollar ($)

🇪🇺 Euro (€)

Euro exchange rates as of October 17, 2026: 1 USD = 0.889 EUR (1 EUR = 1.12 USD).

Colombian Peso exchange rates as of October 17, 2026: 1 USD = 3,171 COP (10,000 COP = 3.15 USD). 1 EUR = 3,565 COP (10,000 COP = 2.81 EUR).

USD to EUR in detail →

On the map

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Between locations

Florence Medellin 9,270 km ≈ 12 h nonstop flight

From you

Florence
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

Florence vs Medellin: Cost of Living - Frequently Asked Questions

Monthly costs with rent: $2,416 in Florence, $1,614 in Medellin – roughly 50% apart. Outside of rent, the biggest gap is in eating out.

For a comfortable life, plan on about $3,623 per month in Florence and $2,421 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 $2,416 in Florence and $1,614 in Medellin. That's a gap of about 50%.

Public transport costs about 79% less in Medellin. For daily commuters, that gap adds up to noticeable savings over a year.

A $2,500 monthly budget goes further in Medellin, where all-in costs run around $1,614, than in Florence at $2,416. In Medellin it covers expenses comfortably, while in Florence 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 $1,614 in Medellin to $2,416 in Florence. 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, Florence makes more sense. Both are solid long-term options with distinct trade-offs.