Cost of Living Comparison Between Gran Canaria, Canary Islands and Medellin Cost of Living Comparison Between Gran Canaria, Canary Islands and Medellin

Monthly Cost of Living

A single person spends $1,598 per month in Gran Canaria, Canary Islands vs $1,716 in Medellin, rent included.

A couple spends around $2,348 per month in Gran Canaria, Canary Islands vs $2,527 in Medellin, rent included.

A family of three spends $3,098 per month in Gran Canaria, Canary Islands vs $3,338 in Medellin, rent included.

Gran Canaria, Canary Islands is about 7% cheaper than Medellin, driven mainly by Eating Out.

Both Gran Canaria, Canary Islands and Medellin sit above the global median – Gran Canaria, Canary Islands by 16%, Medellin by 25%.

Meal at Budget Restaurant

$14.95 €12.86

$8.03 COP 25.1K

86.18%

Three-Course Dinner for Two, Mid-Range

$57.7 €49.64

$48.26 COP 150.8K

19.52%

Fast Food Meal (McDonalds, etc)

$10.36 €8.92

$9.77 COP 30.5K

6.04%

Cappuccino

$2.16 €1.86

$2.91 COP 9,095

-25.77%

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

$2.41 €2.07

$1.94 COP 6,074

24.23%

Water (0.33 liter bottle)

$1.76 €1.51

$1.52 COP 4,754

15.79%

Local Beer (0.5 liter draught)

$3.41 €2.93

$3.09 COP 9,663

10.36%

Imported Beer (0.33 liter bottle)

$3.51 €3.02

$5.74 COP 17.9K

-38.85%

Milk (1 liter)

$1.15 €0.99

$1.36 COP 4,262

-15.44%

White Bread (500g)

$1.42 €1.22

$2.39 COP 7,460

-40.59%

Rice (white) (1kg)

$1.65 €1.42

$1.70 COP 5,314

-2.94%

Eggs

$2.89 €2.49

$2.87 COP 8,967

0.70%

Local Cheese (1kg)

$13.70 €11.79

$9.94 COP 31.1K

37.83%

Chicken Fillets (1kg)

$8.15 €7.01

$10.78 COP 33.7K

-24.40%

Beef Round Steak (1kg)

$15.01 €12.92

$14.73 COP 46.0K

1.90%

Apples (1kg)

$2.45 €2.11

$4.09 COP 12.8K

-40.10%

Banana (1kg)

$2.00 €1.72

$1.57 COP 4,911

27.39%

Oranges (1kg)

$2.00 €1.72

$2.13 COP 6,642

-6.10%

Tomato (1kg)

$2.68 €2.31

$2.21 COP 6,917

21.27%

Potato (1kg)

$1.76 €1.52

$2.05 COP 6,396

-14.15%

Onion (1kg)

$2.01 €1.73

$1.50 COP 4,700

34.00%

Lettuce (1 head)

$1.33 €1.15

$1.19 COP 3,718

11.76%

Water (1.5 liter bottle)

$0.75 €0.65

$1.16 COP 3,619

-35.34%

Cigarettes 20 Pack (Marlboro, Camel)

$6.45 €5.55

$3.90 COP 12.2K

65.38%

Wine (Bottle)

$5.78 €4.97

$14.44 COP 45.1K

-59.97%

Local Beer (0.5 liter bottle)

$1.25 €1.07

$1.58 COP 4,948

-20.89%

Imported Beer (0.33 liter bottle)

$2.13 €1.83

$2.83 COP 8,836

-24.73%

One-way Ticket (Public Transport)

$1.67 €1.44

$1.17 COP 3,650

42.74%

Public Transport Monthly Pass (Regular Price)

$34.30 €29.52

$77.7 COP 242.9K

-55.87%

Taxi Start (Normal Tariff)

$3.96 €3.41

$1.28 COP 4,014

209.37%

Taxi (Normal Tariff) (1km)

$1.21 €1.04

$2.09 COP 6,537

-42.11%

Taxi 1hour Waiting (Normal Tariff)

$24.90 €21.43

$8.62 COP 26.9K

188.86%

Gasoline (1 liter)

$1.79 €1.54

$1.30 COP 4,056

37.69%

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

$38.2K €32.9K

$27.7K COP 86.4M

38.07%

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

$30.4K €26.1K

$35.5K COP 110.9M

-14.45%

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

$135 €116

$176 COP 550.1K

-23.14%

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

$20.91 €18.00

$13.37 COP 41.8K

56.39%

Internet (50+ Mbps, Unlimited Data)

$31.41 €27.03

$29.89 COP 93.4K

5.09%

Gym Membership (Monthly)

$47.42 €40.80

$44.76 COP 139.8K

5.94%

Tennis Court (1 Hour on Weekend)

$15.10 €12.99

$17.06 COP 53.3K

-11.49%

Cinema Ticket

$9.20 €7.92

$6.20 COP 19.4K

48.39%

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

$399 €344

$793 COP 2.5M

-49.65%

International Primary School, 1 Child (Yearly)

$8,086 €6,958

$9,019 COP 28.2M

-10.35%

Jeans (Levis 501 Or Similar)

$85.9 €73.9

$85.6 COP 267.5K

0.36%

Summer Dress (H&M, Zara, etc)

$34.61 €29.78

$58.5 COP 182.7K

-40.81%

Sport Shoes (Adidas, Nike)

$89.5 €77.0

$136 COP 425.9K

-34.37%

Men's Leather Business Shoes

$110 €94.7

$103 COP 322.2K

6.73%

1-bedroom Apartment, City Center (Monthly)

$842 €724

$1,060 COP 3.3M

-20.54%

1-bedroom Apartment, Outside City Center (Monthly)

$702 €604

$680 COP 2.1M

3.29%

3-bedroom Apartment, City Center (Monthly)

$1,307 €1,125

$2,012 COP 6.3M

-35.04%

3-bedroom Apartment, Outside City Center (Monthly)

$1,013 €871

$1,169 COP 3.7M

-13.35%

Buy Apartment in City Center (m2)

$3,284 €2,826

$4,111 COP 12.8M

-20.13%

Buy Apartment Outside City Center (m2)

$2,306 €1,984

$1,701 COP 5.3M

35.53%

Average Monthly Net Salary (After Tax)

$665 COP 2.1M

20-Year Fixed Mortgage Interest Rate (Annual %)

3.5

10.94

-68.01%

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

Last update for Gran Canaria, Canary Islands: August 31, 2026

Last update for Medellin: August 30, 2026

Cost Breakdown

A central one-bedroom costs $842 in Gran Canaria, Canary Islands versus $1,060 in Medellin. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

A mid-range dinner for two costs $58.0 in Gran Canaria, Canary Islands versus $48.00 in Medellin. Groceries tell a different story – $262 in Gran Canaria, Canary Islands vs $303 in Medellin – so Gran Canaria, Canary Islands wins on supermarket bills even if dining out costs more.

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

Gran Canaria, Canary Islands vs Medellin: Cost of Living - Frequently Asked Questions

Yes – Medellin is pricier by about 7%, and the gap shows up most in Eating Out. It's not just housing either; the difference applies across most spending categories.

For a comfortable life, plan on about $2,397 per month in Gran Canaria, Canary Islands and $2,574 in Medellin. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Gran Canaria, Canary Islands, especially for central apartments. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

Kindergarten costs $399 per month in Gran Canaria, Canary Islands and $793 in Medellin. For families with young kids, this one expense can tip the scales when choosing between the two cities.

Groceries cost about 16% more in Medellin, though it depends on what you buy. Local produce may be comparable; imported and premium items show the biggest price gap.

A $1,500 monthly budget goes further in Gran Canaria, Canary Islands, where all-in costs run around $1,598, than in Medellin at $1,716. In Gran Canaria, Canary Islands it covers expenses comfortably, while in Medellin it requires careful planning or may not stretch far enough.

Families tend to lean toward Gran Canaria, Canary Islands – lower housing and cheaper childcare make a real difference, especially on a single income or when paying for private education.

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 Gran Canaria, Canary Islands. If higher salaries, better infrastructure, or specific career opportunities are the priority, Medellin makes more sense. Both are solid long-term options with distinct trade-offs.