Last update: Nov 2026

Cost of Living Comparison Between Gimhae and Medellin

For one person, living is cheaper in Gimhae: $1,553 a month against $1,692 in Medellin, rent and utilities included – about $1,700 less a year. Higher rent and utilities in Medellin outweigh lower spending on other living expenses.

74

Cost of Living Index in Gimhae
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Gimhae Living Index
80

Cost of Living Index in Medellin
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Medellin Living Index

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Gimhae

🇰🇷 South Korea

$1,553

/mo nomad

Medellin

🇨🇴 Colombia

$1,692

/mo nomad

Monthly Cost of Living

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

Monthly costs for one person with rent: $1,553 in Gimhae versus $1,692 in Medellin.

Gimhae $1,553
Medellin $1,692

Estimated couple costs with rent: $2,462 in Gimhae versus $2,471 in Medellin.

Gimhae $2,462
Medellin $2,471

Monthly costs for a family of three with rent: $3,371 in Gimhae versus $3,249 in Medellin.

Gimhae $3,371
Medellin $3,249

Living in Gimhae costs roughly 8% less than in Medellin, and outside of rent the biggest gap is in transport.

Both cities are pricier than the global median: Gimhae 15% above, Medellin 25% above.

Meal at Budget Restaurant

$7.61 ₩10.2K

$8.34 COP 26.9K

-8.75%

Three-Course Dinner for Two, Mid-Range

$49.21 ₩66.0K

$46.53 COP 150.1K

5.76%

Fast Food Meal (McDonalds, etc)

$6.69 ₩8,970

$9.47 COP 30.5K

-29.36%

Cappuccino

$3.76 ₩5,037

$3.13 COP 10.1K

20.13%

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

$1.87 ₩2,510

$1.77 COP 5,696

5.65%

Water (0.33 liter bottle)

$1.39 ₩1,865

$1.42 COP 4,594

-2.11%

Local Beer (0.5 liter draught)

$3.76 ₩5,041

$3.15 COP 10.2K

19.37%

Imported Beer (0.33 liter bottle)

$4.39 ₩5,882

$5.70 COP 18.4K

-22.98%

Milk (1 liter)

$2.31 ₩3,102

$1.53 COP 4,943

50.98%

White Bread (500g)

$3.24 ₩4,344

$2.29 COP 7,389

41.48%

Rice (white) (1kg)

$3.05 ₩4,093

$1.94 COP 6,273

57.22%

Eggs

$2.61 ₩3,504

$3.07 COP 9,889

-14.98%

Local Cheese (1kg)

$11.14 ₩14.9K

$9.99 COP 32.2K

11.51%

Chicken Fillets (1kg)

$10.49 ₩14.1K

$10.45 COP 33.7K

0.38%

Beef Round Steak (1kg)

$24.45 ₩32.8K

$13.96 COP 45.0K

75.14%

Apples (1kg)

$10.94 ₩14.7K

$4.05 COP 13.1K

170.12%

Banana (1kg)

$3.55 ₩4,758

$1.53 COP 4,929

132.03%

Oranges (1kg)

$8.18 ₩11.0K

$2.10 COP 6,786

289.52%

Tomato (1kg)

$5.84 ₩7,826

$2.29 COP 7,397

155.02%

Potato (1kg)

$6.03 ₩8,079

$2.11 COP 6,803

185.78%

Onion (1kg)

$3.29 ₩4,415

$1.71 COP 5,512

92.40%

Lettuce (1 head)

$2.75 ₩3,686

$1.17 COP 3,774

135.04%

Water (1.5 liter bottle)

$1.33 ₩1,785

$1.58 COP 5,096

-15.82%

Cigarettes 20 Pack (Marlboro, Camel)

$3.26 ₩4,373

$3.91 COP 12.6K

-16.62%

Wine (Bottle)

$18.65 ₩25.0K

$14.04 COP 45.3K

32.83%

Local Beer (0.5 liter bottle)

$2.37 ₩3,174

$1.76 COP 5,682

34.66%

Imported Beer (0.33 liter bottle)

$3.53 ₩4,732

$2.71 COP 8,746

30.26%

One-way Ticket (Public Transport)

$1.21 ₩1,621

$1.18 COP 3,805

2.54%

Public Transport Monthly Pass (Regular Price)

$76.3 COP 246.0K

Taxi Start (Normal Tariff)

$3.47 ₩4,653

$1.81 COP 5,827

91.71%

Taxi (Normal Tariff) (1km)

$0.67 ₩895

$2.13 COP 6,867

-68.54%

Taxi 1hour Waiting (Normal Tariff)

$14.75 ₩19.8K

$8.13 COP 26.2K

81.43%

Gasoline (1 liter)

$1.27 ₩1,707

$1.28 COP 4,113

-0.78%

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

$39.7K ₩53.2M

$34.4K COP 111.1M

15.14%

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

$33.4K ₩44.8M

$34.1K COP 110.1M

-2.07%

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

$195 ₩261.8K

$178 COP 573.2K

9.86%

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

$36.82 ₩49.4K

$13.89 COP 44.8K

165.08%

Internet (50+ Mbps, Unlimited Data)

$27.09 ₩36.3K

$30.74 COP 99.1K

-11.87%

Gym Membership (Monthly)

$46.27 ₩62.0K

$41.94 COP 135.3K

10.32%

Tennis Court (1 Hour on Weekend)

$15.19 ₩20.4K

$16.80 COP 54.2K

-9.58%

Cinema Ticket

$11.94 ₩16.0K

$7.47 COP 24.1K

59.84%

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

$630 ₩844.4K

$790 COP 2.5M

-20.28%

International Primary School, 1 Child (Yearly)

$21.8K ₩29.2M

$12.3K COP 39.7M

76.88%

Jeans (Levis 501 Or Similar)

$102 ₩137.1K

$86.3 COP 278.4K

18.49%

Summer Dress (H&M, Zara, etc)

$65.1 ₩87.2K

$59.3 COP 191.1K

9.77%

Sport Shoes (Adidas, Nike)

$93.9 ₩125.9K

$138 COP 446.2K

-32.13%

Men's Leather Business Shoes

$127 ₩169.9K

$98.8 COP 318.7K

28.26%

1-bedroom Apartment, City Center (Monthly)

$505 ₩676.3K

$1,341 COP 4.3M

-62.38%

1-bedroom Apartment, Outside City Center (Monthly)

$388 ₩519.8K

$667 COP 2.2M

-41.88%

3-bedroom Apartment, City Center (Monthly)

$1,203 ₩1.6M

$1,976 COP 6.4M

-39.12%

3-bedroom Apartment, Outside City Center (Monthly)

$801 ₩1.1M

$1,033 COP 3.3M

-22.41%

Buy Apartment in City Center (m2)

$7,801 ₩10.5M

$4,098 COP 13.2M

90.36%

Buy Apartment Outside City Center (m2)

$5,673 ₩7.6M

$1,940 COP 6.3M

192.42%

Average Monthly Net Salary (After Tax)

$2,533 ₩3.4M

$646 COP 2.1M

292.07%

20-Year Fixed Mortgage Interest Rate (Annual %)

4.22

10.94

-61.43%

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

Last update for Gimhae: November 3, 2026

Last update for Medellin: November 2, 2026

Monthly budget structure

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

Groceries & Markets

Gimhae

$483 31.1%

Medellin

$307 18.2% 36.4% $176

Accommodation & Living

Gimhae

$388 25%

Medellin

$667 39.4% 72.1% $279

Monthly Utilities & Internet

Gimhae

$259 16.7%

Medellin

$222 13.1% 14.2% $37

Clothing & Footwear

Gimhae

$175 11.2%

Medellin

$172 10.2% 1.3% $2.3

Eating Out

Gimhae

$167 10.7%

Medellin

$173 10.2% 3.5% $5.9

Sport & Entertainment

Gimhae

$70 4.5%

Medellin

$57 3.4% 18.9% $13

Getting Around

Gimhae

$12 * 0.8%

Medellin

$93 5.5% 702% $82

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 $505 in Gimhae and $1,341 in Medellin. Housing cost is often the main lever when comparing two cities.

Gimhae pays about 3.9 times more on average while also being the cheaper of the two. The combined effect is a noticeably stronger local purchasing power.

Dining out: $49 in Gimhae vs $47 in Medellin for a mid-range dinner for two. Groceries echo the gap at $483 vs $307 per month, with Medellin cheaper across the board.

Good to know

🇰🇷 Gimhae

🇨🇴 Medellin

🕒 Local time

13:45 1:45 PM

23:45 11:45 PM

14 h behind Gimhae

🌤 Weather

👥 Population

532,132

2,486,723

💱 Currency

South Korean Won KRW ₩

Colombian Peso COP $

📈 Exchange rate

10,000 KRW = 7.46 USD

10,000 KRW = 6.63 EUR

10,000 COP = 3.1 USD

10,000 COP = 2.75 EUR

Exchange rates and currency converter

COP, USD, EUR to KRW – South Korean Won Converter

🇺🇸 United States Dollar ($)

🇰🇷 South Korean Won (₩)

South Korean Won exchange rates as of November 5, 2026: 1 USD = 1,341 KRW (10,000 KRW = 7.46 USD). 1 EUR = 1,509 KRW (10,000 KRW = 6.63 EUR).

Colombian Peso exchange rates as of November 5, 2026: 1 USD = 3,225 COP (10,000 COP = 3.1 USD). 1 EUR = 3,631 COP (10,000 COP = 2.75 EUR).

USD to KRW in detail →

On the map

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Highest

Between locations

Gimhae Medellin 14,740 km ≈ 19 h nonstop flight

From you

Gimhae
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

Gimhae vs Medellin: Cost of Living - Frequently Asked Questions

Gimhae wins on cost – living expenses run 8% lower than in Medellin. Housing and daily spending are where you’ll feel the difference most, making Gimhae the obvious pick if budget is a priority.

Average pay in Gimhae is about 3.9 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: $505 in Gimhae versus $1,341 in Medellin. Housing is usually the single largest factor when comparing overall living costs between the two.

Childcare runs $630 in Gimhae versus $790 in Medellin. Over years of preschool, even a modest monthly gap compounds into a major financial factor for families.

Dining out is cheaper in Medellin – a meal for two runs $47 versus $49 in Gimhae. If you eat out regularly, this makes a real dent in your monthly spending.

Both cities are expensive relative to $1,000. Gimhae is the more realistic option, but even there you’ll need to be disciplined with housing, food, and fun money.

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.