Last update: Oct 2026

Cost of Living Comparison Between Gibraltar and Medellin

For one person, living is cheaper in Medellin: $1,639 a month against $2,921 in Gibraltar, rent and utilities included – about $15,400 less a year. Rent and utilities account for most of the difference.

139

Cost of Living Index in Gibraltar
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Gibraltar Living Index
79

Cost of Living Index in Medellin
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Medellin Living Index

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Gibraltar

🇬🇮 Gibraltar

$2,921

/mo nomad

Medellin

🇨🇴 Colombia

$1,639

/mo nomad

Monthly Cost of Living

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

Monthly costs for one person with rent: $2,921 in Gibraltar versus $1,639 in Medellin.

Gibraltar $2,921
Medellin $1,639

Estimated couple costs with rent: $4,544 in Gibraltar versus $2,413 in Medellin.

Gibraltar $4,544
Medellin $2,413

Monthly costs for a family of three with rent: $6,167 in Gibraltar versus $3,186 in Medellin.

Gibraltar $6,167
Medellin $3,186

Living in Gibraltar is roughly 78% more expensive than in Medellin, and outside of rent the biggest gap is in eating out.

Both cities are pricier than the global median: Gibraltar 115% above, Medellin 20% above.

Meal at Budget Restaurant

$20.23 GIP 15.22

$8.09 COP 25.4K

150.06%

Three-Course Dinner for Two, Mid-Range

$98.2 GIP 73.9

$47.05 COP 148.0K

108.80%

Fast Food Meal (McDonalds, etc)

$17.87 GIP 13.44

$9.50 COP 29.9K

88.11%

Cappuccino

$4.09 GIP 3.08

$3.01 COP 9,485

35.88%

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

$2.28 GIP 1.72

$1.80 COP 5,660

26.67%

Water (0.33 liter bottle)

$2.02 GIP 1.52

$1.41 COP 4,443

43.26%

Local Beer (0.5 liter draught)

$5.49 GIP 4.13

$3.18 COP 9,990

72.64%

Imported Beer (0.33 liter bottle)

$4.65 GIP 3.50

$5.75 COP 18.1K

-19.13%

Milk (1 liter)

$1.88 GIP 1.42

$1.51 COP 4,751

24.50%

White Bread (500g)

$2.57 GIP 1.94

$2.38 COP 7,480

7.98%

Rice (white) (1kg)

$3.37 GIP 2.53

$1.77 COP 5,573

90.40%

Eggs

$6.22 GIP 4.68

$2.89 COP 9,093

115.22%

Local Cheese (1kg)

$12.36 GIP 9.30

$10.19 COP 32.1K

21.30%

Chicken Fillets (1kg)

$8.49 GIP 6.38

$9.87 COP 31.1K

-13.98%

Beef Round Steak (1kg)

$17.66 GIP 13.28

$13.99 COP 44.0K

26.23%

Apples (1kg)

$2.95 GIP 2.22

$3.97 COP 12.5K

-25.69%

Banana (1kg)

$2.97 GIP 2.23

$1.55 COP 4,883

91.61%

Oranges (1kg)

$3.76 GIP 2.83

$2.18 COP 6,867

72.48%

Tomato (1kg)

$3.31 GIP 2.49

$2.18 COP 6,870

51.83%

Potato (1kg)

$2.75 GIP 2.07

$1.96 COP 6,174

40.31%

Onion (1kg)

$2.08 GIP 1.57

$1.59 COP 5,000

30.82%

Lettuce (1 head)

$1.84 GIP 1.39

$1.15 COP 3,604

60.00%

Water (1.5 liter bottle)

$1.44 GIP 1.08

$1.24 COP 3,911

16.13%

Cigarettes 20 Pack (Marlboro, Camel)

$5.17 GIP 3.89

$3.96 COP 12.5K

30.56%

Wine (Bottle)

$11.35 GIP 8.54

$13.68 COP 43.0K

-17.03%

Local Beer (0.5 liter bottle)

$2.70 GIP 2.03

$1.66 COP 5,221

62.65%

Imported Beer (0.33 liter bottle)

$3.11 GIP 2.34

$2.26 COP 7,103

37.61%

One-way Ticket (Public Transport)

$3.28 GIP 2.46

$1.17 COP 3,674

180.34%

Public Transport Monthly Pass (Regular Price)

$77.4 COP 243.4K

Taxi Start (Normal Tariff)

$13.54 GIP 10.18

$1.27 COP 3,989

966.14%

Taxi (Normal Tariff) (1km)

$2.05 COP 6,442

Taxi 1hour Waiting (Normal Tariff)

$13.12 GIP 9.87

$8.55 COP 26.9K

53.45%

Gasoline (1 liter)

$1.49 GIP 1.12

$1.35 COP 4,237

10.37%

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

$50.2K GIP 37.8K

$34.1K COP 107.2M

47.36%

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

$30.5K GIP 22.9K

$34.7K COP 109.1M

-12.12%

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

$170 GIP 128

$170 COP 533.7K

0.26%

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

$26.30 GIP 19.79

$13.55 COP 42.6K

94.10%

Internet (50+ Mbps, Unlimited Data)

$66.9 GIP 50.3

$28.07 COP 88.3K

138.19%

Gym Membership (Monthly)

$80.4 GIP 60.5

$43.70 COP 137.5K

83.91%

Tennis Court (1 Hour on Weekend)

$22.52 GIP 16.94

$17.19 COP 54.1K

31.01%

Cinema Ticket

$13.54 GIP 10.18

$6.91 COP 21.7K

95.95%

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

$1,108 GIP 833

$797 COP 2.5M

39.08%

International Primary School, 1 Child (Yearly)

$21.0K GIP 15.8K

$9,112 COP 28.7M

130.55%

Jeans (Levis 501 Or Similar)

$139 GIP 105

$84.7 COP 266.5K

64.16%

Summer Dress (H&M, Zara, etc)

$66.9 GIP 50.4

$58.0 COP 182.3K

15.48%

Sport Shoes (Adidas, Nike)

$123 GIP 92.6

$135 COP 424.6K

-8.82%

Men's Leather Business Shoes

$144 GIP 108

$97.9 COP 307.9K

47.34%

1-bedroom Apartment, City Center (Monthly)

$2,178 GIP 1,638

$1,208 COP 3.8M

80.33%

1-bedroom Apartment, Outside City Center (Monthly)

$1,633 GIP 1,229

$642 COP 2.0M

154.59%

3-bedroom Apartment, City Center (Monthly)

$3,817 GIP 2,871

$2,028 COP 6.4M

88.26%

3-bedroom Apartment, Outside City Center (Monthly)

$3,140 GIP 2,362

$1,012 COP 3.2M

210.31%

Buy Apartment in City Center (m2)

$13.4K GIP 10.1K

$4,170 COP 13.1M

222.14%

Buy Apartment Outside City Center (m2)

$8,079 GIP 6,077

$1,910 COP 6.0M

322.91%

Average Monthly Net Salary (After Tax)

$2,448 GIP 1,841

$657 COP 2.1M

272.48%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.13

10.94

-43.97%

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

Last update for Gibraltar: October 25, 2026

Last update for Medellin: October 25, 2026

Monthly budget structure

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

Accommodation & Living

Gibraltar

$1.6K 55.9%

Medellin

$642 39.1% 60.7% $992

Groceries & Markets

Gibraltar

$359 12.3%

Medellin

$297 18.1% 17.3% $62

Eating Out

Gibraltar

$318 10.9%

Medellin

$170 10.4% 46.7% $149

Monthly Utilities & Internet

Gibraltar

$263 9%

Medellin

$211 12.9% 19.7% $52

Clothing & Footwear

Gibraltar

$213 7.3%

Medellin

$169 10.3% 20.7% $44

Sport & Entertainment

Gibraltar

$107 3.7%

Medellin

$58 3.5% 46.5% $50

Getting Around

Gibraltar

$27 * 0.9%

Medellin

$94 5.7% 251% $67

Categories marked with * are only partly priced – their share counts the items that do have prices.

Cost Breakdown

A one-bedroom apartment in the center runs $2,178 in Gibraltar and $1,208 in Medellin. Housing cost is often the main lever when comparing two cities.

Gibraltar pays about 3.7 times more on average. How far that income stretches comes down to housing choices and lifestyle.

Dining out: $98 in Gibraltar vs $47 in Medellin for a mid-range dinner for two. Groceries echo the gap at $359 vs $297 per month, with Medellin cheaper across the board.

Good to know

🇬🇮 Gibraltar

🇨🇴 Medellin

🕒 Local time

22:08 10:08 PM

16:08 4:08 PM

6 h behind Gibraltar

🌤 Weather

👥 Population

32,577 Capital

2,486,723

💱 Currency

Gibraltar Pound GIP £

Colombian Peso COP $

📈 Exchange rate

1 GIP = 1.33 USD

1 GIP = 1.19 EUR

10,000 COP = 3.18 USD

10,000 COP = 2.86 EUR

Exchange rates and currency converter

COP, USD, EUR to GIP – Gibraltar Pound Converter

🇺🇸 United States Dollar ($)

🇬🇮 Gibraltar Pound (£)

Gibraltar Pound exchange rates as of October 28, 2026: 1 USD = 0.752 GIP (1 GIP = 1.33 USD). 1 EUR = 0.837 GIP (1 GIP = 1.19 EUR).

Colombian Peso exchange rates as of October 28, 2026: 1 USD = 3,146 COP (10,000 COP = 3.18 USD). 1 EUR = 3,502 COP (10,000 COP = 2.86 EUR).

USD to GIP in detail →

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Gibraltar Medellin 7,830 km ≈ 10 h nonstop flight

From you

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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

Gibraltar vs Medellin: Cost of Living - Frequently Asked Questions

Total monthly costs including rent come to $2,921 in Gibraltar and $1,639 in Medellin, so Medellin is about 44% cheaper – a gap that matters a lot on a fixed or modest income.

Average pay in Gibraltar is about 3.7 times higher, which matters when comparing affordability. Whether that higher income actually nets you more depends on your spending habits and housing choices.

Rent for a central apartment: $2,178 in Gibraltar versus $1,208 in Medellin. Housing is usually the single largest factor when comparing overall living costs between the two.

Supermarket bills run roughly 21% higher in Gibraltar. For households that cook at home regularly, that difference adds up over a month.

All in, you’ll spend $2,921 per month in Gibraltar versus $1,639 in Medellin – Medellin is about 44% cheaper, which adds up to real savings over time.

At $1,639 in Medellin versus $2,921 in Gibraltar, a $2,500 budget is realistic in Medellin but tight or insufficient in Gibraltar. The gap between the two cities makes Medellin the clear choice for anyone on this budget.

Both cities offer a good standard of living with different trade-offs. Neither is objectively better – the right pick depends on what matters most: affordability, career, cultural scene, or climate.

It comes down to priorities – Medellin wins on affordability, Gibraltar on earning potential. Factor in climate, language, visa rules, and proximity to places that matter to you before deciding.