Cost of Living Comparison Between Florence and Medellin Cost of Living Comparison Between Florence and Medellin

Monthly Cost of Living

A single person spends $2,151 per month in Florence vs $1,031 in Medellin, rent included.

A couple spends around $3,312 per month in Florence vs $1,599 in Medellin, rent included.

A family of three spends $4,474 per month in Florence vs $2,167 in Medellin, rent included.

Florence costs about 109% more than Medellin, driven mainly by Eating Out.

Florence sits 61% above the global median, while Medellin is 23% below – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$23.50 €20.53

$6.16 COP 20.0K

281.49%

Three-Course Dinner for Two, Mid-Range

$92.2 €80.5

$32.60 COP 106.0K

182.79%

Fast Food Meal (McDonalds, etc)

$11.63 €10.16

$7.34 COP 23.9K

58.45%

Cappuccino

$1.90 €1.66

$1.72 COP 5,592

10.47%

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

$3.33 €2.91

$1.05 COP 3,416

217.14%

Water (0.33 liter bottle)

$1.60 €1.40

$0.77 COP 2,511

107.79%

Local Beer (0.5 liter draught)

$7.01 €6.13

$1.69 COP 5,480

314.79%

Imported Beer (0.33 liter bottle)

$6.84 €5.97

$3.17 COP 10.3K

115.77%

Milk (1 liter)

$1.68 €1.47

$1.05 COP 3,418

60.00%

White Bread (500g)

$2.22 €1.94

$1.30 COP 4,230

70.77%

Rice (white) (1kg)

$4.44 €3.88

$1.40 COP 4,538

217.14%

Eggs

$4.27 €3.73

$2.16 COP 7,037

97.69%

Local Cheese (1kg)

$20.48 €17.90

$4.39 COP 14.3K

366.51%

Chicken Fillets (1kg)

$11.39 €9.95

$5.88 COP 19.1K

93.71%

Beef Round Steak (1kg)

$20.91 €18.27

$8.64 COP 28.1K

142.01%

Apples (1kg)

$2.73 €2.38

$2.28 COP 7,415

19.74%

Banana (1kg)

$1.87 €1.63

$1.11 COP 3,599

68.47%

Oranges (1kg)

$2.84 €2.48

$1.53 COP 4,976

85.62%

Tomato (1kg)

$3.50 €3.06

$1.35 COP 4,405

159.26%

Potato (1kg)

$1.69 €1.48

$1.13 COP 3,669

49.56%

Onion (1kg)

$1.79 €1.57

$1.13 COP 3,687

58.41%

Lettuce (1 head)

$1.64 €1.43

$0.85 COP 2,749

92.94%

Water (1.5 liter bottle)

$0.56 €0.49

$0.91 COP 2,971

-38.46%

Cigarettes 20 Pack (Marlboro, Camel)

$6.83 €5.97

$2.34 COP 7,619

191.88%

Wine (Bottle)

$8.07 €7.05

$12.37 COP 40.2K

-34.76%

Local Beer (0.5 liter bottle)

$1.73 €1.51

$1.20 COP 3,904

44.17%

Imported Beer (0.33 liter bottle)

$2.45 €2.14

$2.49 COP 8,094

-1.61%

One-way Ticket (Public Transport)

$2.00 €1.75

$0.84 COP 2,724

138.10%

Public Transport Monthly Pass (Regular Price)

$44.33 €38.73

$40.57 COP 131.9K

9.27%

Taxi Start (Normal Tariff)

$5.75 €5.02

$1.42 COP 4,617

304.93%

Taxi (Normal Tariff) (1km)

$1.85 €1.61

$1.92 COP 6,227

-3.65%

Taxi 1hour Waiting (Normal Tariff)

$37.36 €32.64

$7.66 COP 24.9K

387.73%

Gasoline (1 liter)

$2.13 €1.86

$0.99 COP 3,219

115.15%

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

$32.0K €27.9K

$18.0K COP 58.6M

77.32%

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

$31.3K €27.4K

$26.6K COP 86.6M

17.63%

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

$208 €182

$80.8 COP 262.7K

157.54%

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

$13.58 €11.86

$9.95 COP 32.3K

36.48%

Internet (50+ Mbps, Unlimited Data)

$34.49 €30.13

$24.18 COP 78.6K

42.64%

Gym Membership (Monthly)

$88.3 €77.2

$25.08 COP 81.5K

252.23%

Tennis Court (1 Hour on Weekend)

$23.94 €20.91

$19.15 COP 62.3K

25.01%

Cinema Ticket

$11.39 €9.95

$3.98 COP 13.0K

186.18%

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

$760 €664

$305 COP 992.2K

148.97%

International Primary School, 1 Child (Yearly)

$19.6K €17.1K

$6,059 COP 19.7M

223.33%

Jeans (Levis 501 Or Similar)

$85.7 €74.9

$58.1 COP 189.0K

47.43%

Summer Dress (H&M, Zara, etc)

$31.82 €27.80

$32.20 COP 104.7K

-1.18%

Sport Shoes (Adidas, Nike)

$87.3 €76.3

$101 COP 327.5K

-13.31%

Men's Leather Business Shoes

$148 €129

$108 COP 350.3K

37.54%

1-bedroom Apartment, City Center (Monthly)

$1,131 €988

$477 COP 1.5M

137.22%

1-bedroom Apartment, Outside City Center (Monthly)

$897 €784

$376 COP 1.2M

138.56%

3-bedroom Apartment, City Center (Monthly)

$2,290 €2,000

$845 COP 2.7M

171.06%

3-bedroom Apartment, Outside City Center (Monthly)

$1,504 €1,314

$730 COP 2.4M

105.86%

Buy Apartment in City Center (m2)

$6,418 €5,608

$3,215 COP 10.5M

99.61%

Buy Apartment Outside City Center (m2)

$3,877 €3,387

$1,372 COP 4.5M

182.51%

Average Monthly Net Salary (After Tax)

$2,047 €1,789

$617 COP 2.0M

231.91%

20-Year Fixed Mortgage Interest Rate (Annual %)

3.96

13.43

-70.51%

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

Last update for Florence: July 13, 2026

Last update for Medellin: July 12, 2026

Cost Breakdown

A central one-bedroom costs $1,131 in Florence 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 232% 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 $92.0 in Florence versus $33.00 in Medellin. Monthly groceries follow the same trend: $360 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

Florence vs Medellin: Cost of Living - Frequently Asked Questions

Monthly costs with rent: $2,151 in Florence, $1,031 in Medellin – roughly 109% apart. Florence costs more across the board, with Eating Out showing the biggest gap.

For a comfortable life, plan on about $3,226 per month in Florence 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 $2,151 in Florence 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 9% 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 Florence at $2,151. 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 $1,031 in Medellin to $2,151 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.