Cost of Living Comparison Between Georgetown and Medellin Cost of Living Comparison Between Georgetown and Medellin

Monthly Cost of Living

Monthly costs for one person with rent: $1,226 in Georgetown versus $1,013 in Medellin.

Estimated couple costs with rent: $1,998 in Georgetown versus $1,602 in Medellin.

Monthly costs for a family of three with rent: $2,770 in Georgetown versus $2,192 in Medellin.

Living in Georgetown is roughly 21% more expensive than Medellin, driven mainly by Groceries & Markets.

Both cities sit below the global median: Georgetown 9% lower, Medellin 24% lower.

Meal at Budget Restaurant

$7.44 EC$20.10

$5.99 COP 21.4K

24.21%

Three-Course Dinner for Two, Mid-Range

$32.86 COP 117.4K

Fast Food Meal (McDonalds, etc)

$10.97 EC$29.61

$7.09 COP 25.3K

54.72%

Cappuccino

$1.71 COP 6,115

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

$1.46 EC$3.93

$1.10 COP 3,924

32.73%

Water (0.33 liter bottle)

$1.83 EC$4.95

$0.78 COP 2,781

134.62%

Local Beer (0.5 liter draught)

$1.49 EC$4.04

$1.68 COP 5,997

-11.31%

Imported Beer (0.33 liter bottle)

$3.78 EC$10.21

$3.07 COP 11.0K

23.13%

Milk (1 liter)

$2.39 EC$6.45

$1.09 COP 3,906

119.27%

White Bread (500g)

$1.59 EC$4.30

$1.26 COP 4,508

26.19%

Rice (white) (1kg)

$1.64 EC$4.44

$1.38 COP 4,922

18.84%

Eggs

$4.39 EC$11.86

$2.19 COP 7,827

100.46%

Local Cheese (1kg)

$9.74 EC$26.30

$4.40 COP 15.7K

121.36%

Chicken Fillets (1kg)

$4.87 EC$13.16

$5.63 COP 20.1K

-13.50%

Beef Round Steak (1kg)

$14.52 EC$39.20

$8.89 COP 31.8K

63.33%

Apples (1kg)

$18.82 EC$50.8

$2.34 COP 8,349

704.27%

Banana (1kg)

$1.06 COP 3,777

Oranges (1kg)

$8.08 EC$21.82

$1.50 COP 5,374

438.67%

Tomato (1kg)

$6.62 EC$17.87

$1.38 COP 4,924

379.71%

Potato (1kg)

$6.35 EC$17.13

$1.15 COP 4,111

452.17%

Onion (1kg)

$4.17 EC$11.25

$1.16 COP 4,155

259.48%

Lettuce (1 head)

$3.71 EC$10.03

$0.89 COP 3,182

316.85%

Water (1.5 liter bottle)

$2.94 EC$7.95

$0.84 COP 2,997

250.00%

Cigarettes 20 Pack (Marlboro, Camel)

$6.07 EC$16.39

$2.28 COP 8,145

166.23%

Wine (Bottle)

$10.64 COP 38.0K

Local Beer (0.5 liter bottle)

$2.58 EC$6.97

$1.20 COP 4,284

115.00%

Imported Beer (0.33 liter bottle)

$3.73 EC$10.07

$2.47 COP 8,824

51.01%

One-way Ticket (Public Transport)

$2.55 EC$6.87

$0.86 COP 3,056

196.51%

Public Transport Monthly Pass (Regular Price)

$110 EC$298

$41.40 COP 147.9K

166.38%

Taxi Start (Normal Tariff)

$1.47 COP 5,264

Taxi (Normal Tariff) (1km)

$1.96 COP 7,009

Taxi 1hour Waiting (Normal Tariff)

$36.43 EC$98.4

$7.74 COP 27.6K

370.67%

Gasoline (1 liter)

$0.95 COP 3,409

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

$36.4K EC$98.4K

$18.1K COP 64.7M

100.91%

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

$26.5K COP 94.6M

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

$82.3 COP 293.7K

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

$9.50 COP 33.9K

Internet (50+ Mbps, Unlimited Data)

$56.6 EC$153

$24.23 COP 86.5K

133.39%

Gym Membership (Monthly)

$22.41 EC$60.5

$25.89 COP 92.4K

-13.44%

Tennis Court (1 Hour on Weekend)

$18.63 EC$50.3

$19.00 COP 67.9K

-1.95%

Cinema Ticket

$7.51 EC$20.26

$3.93 COP 14.0K

91.09%

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

$183 EC$493

$309 COP 1.1M

-40.99%

International Primary School, 1 Child (Yearly)

$5,965 COP 21.3M

Jeans (Levis 501 Or Similar)

$73.6 EC$199

$58.7 COP 209.5K

25.52%

Summer Dress (H&M, Zara, etc)

$110 EC$297

$32.35 COP 115.5K

240.22%

Sport Shoes (Adidas, Nike)

$182 EC$491

$103 COP 366.4K

77.26%

Men's Leather Business Shoes

$146 EC$393

$108 COP 387.2K

34.33%

1-bedroom Apartment, City Center (Monthly)

$299 EC$808

$476 COP 1.7M

-37.19%

1-bedroom Apartment, Outside City Center (Monthly)

$222 EC$599

$379 COP 1.4M

-41.40%

3-bedroom Apartment, City Center (Monthly)

$3,097 EC$8,361

$838 COP 3.0M

269.41%

3-bedroom Apartment, Outside City Center (Monthly)

$664 EC$1,792

$724 COP 2.6M

-8.32%

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)

$512 COP 1.8M

20-Year Fixed Mortgage Interest Rate (Annual %)

13.43

-10.65%

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

Last update for Georgetown: May 30, 2026

Last update for Medellin: May 31, 2026

Cost Breakdown

A one-bedroom apartment in the center runs $299 in Georgetown and $476 in Medellin. Housing cost is often the main lever when comparing two cities.

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

Georgetown vs Medellin: Cost of Living - Frequently Asked Questions

Medellin is cheaper overall, especially in Groceries & Markets, Clothing & Footwear, Eating Out, Getting Around, Monthly Utilities & Internet. The 21% gap adds up to real monthly savings that compound significantly over time.

You'd need roughly $1,839 in Georgetown and $1,519 in Medellin to live well. The gap comes down to housing and overall price levels. Both cities are liveable on less, but these numbers represent actual comfort.

Rent for a central apartment: $299 in Georgetown versus $476 in Medellin. Housing is usually the single largest factor when comparing overall living costs between the two.

Childcare runs $183 in Georgetown versus $309 in Medellin. Over years of preschool, even a modest monthly gap compounds into a major financial factor for families.

A monthly transit pass in Medellin runs roughly 166% less than in Georgetown. Both cities have functional networks, but the price difference matters if you're watching your budget.

At $1,013 in Medellin versus $1,226 in Georgetown, a $1,500 budget is realistic in Medellin but tight or insufficient in Georgetown. The gap between the two cities makes Medellin the clear choice for anyone on this budget.

For families, Medellin is more practical. Housing and childcare are both notably cheaper than in Georgetown, and the savings on those two alone free up budget for education, activities, and family trips.

Expats usually find Medellin gentler on the wallet – expenses run 21% less than in Georgetown. Beyond cost, consider language, visa policies, and how big the international community is in each city.