Cost of Living Comparison Between Guayaquil and Medellin Cost of Living Comparison Between Guayaquil and Medellin

Monthly Cost of Living

A single person spends $1,048 per month in Guayaquil vs $1,013 in Medellin, rent included.

A couple spends around $1,668 per month in Guayaquil vs $1,602 in Medellin, rent included.

A family of three spends $2,288 per month in Guayaquil vs $2,192 in Medellin, rent included.

Guayaquil costs about 3% more than Medellin, driven mainly by Getting Around.

Both Guayaquil and Medellin are more affordable than the global median – Guayaquil 22% lower, Medellin 24% lower.

Meal at Budget Restaurant

$3.57 $3.57

$5.99 COP 21.4K

-40.40%

Three-Course Dinner for Two, Mid-Range

$46.91 $46.91

$32.86 COP 117.4K

42.76%

Fast Food Meal (McDonalds, etc)

$7.78 $7.78

$7.09 COP 25.3K

9.73%

Cappuccino

$2.51 $2.51

$1.71 COP 6,115

46.78%

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

$0.85 $0.85

$1.10 COP 3,924

-22.73%

Water (0.33 liter bottle)

$0.65 $0.65

$0.78 COP 2,781

-16.67%

Local Beer (0.5 liter draught)

$2.98 $2.98

$1.68 COP 5,997

77.38%

Imported Beer (0.33 liter bottle)

$4.60 $4.60

$3.07 COP 11.0K

49.84%

Milk (1 liter)

$1.14 $1.14

$1.09 COP 3,906

4.59%

White Bread (500g)

$1.77 $1.77

$1.26 COP 4,508

40.48%

Rice (white) (1kg)

$1.71 $1.71

$1.38 COP 4,922

23.91%

Eggs

$2.62 $2.62

$2.19 COP 7,827

19.63%

Local Cheese (1kg)

$6.02 $6.02

$4.40 COP 15.7K

36.82%

Chicken Fillets (1kg)

$5.09 $5.09

$5.63 COP 20.1K

-9.59%

Beef Round Steak (1kg)

$6.27 $6.27

$8.89 COP 31.8K

-29.47%

Apples (1kg)

$2.06 $2.06

$2.34 COP 8,349

-11.97%

Banana (1kg)

$1.53 $1.53

$1.06 COP 3,777

44.34%

Oranges (1kg)

$1.06 $1.06

$1.50 COP 5,374

-29.33%

Tomato (1kg)

$1.20 $1.20

$1.38 COP 4,924

-13.04%

Potato (1kg)

$1.89 $1.89

$1.15 COP 4,111

64.35%

Onion (1kg)

$1.47 $1.47

$1.16 COP 4,155

26.72%

Lettuce (1 head)

$0.70 $0.70

$0.89 COP 3,182

-21.35%

Water (1.5 liter bottle)

$0.98 $0.98

$0.84 COP 2,997

16.67%

Cigarettes 20 Pack (Marlboro, Camel)

$5.97 $5.97

$2.28 COP 8,145

161.84%

Wine (Bottle)

$11.90 $11.90

$10.64 COP 38.0K

11.84%

Local Beer (0.5 liter bottle)

$1.57 $1.57

$1.20 COP 4,284

30.83%

Imported Beer (0.33 liter bottle)

$2.13 $2.13

$2.47 COP 8,824

-13.77%

One-way Ticket (Public Transport)

$0.34 $0.34

$0.86 COP 3,056

-60.47%

Public Transport Monthly Pass (Regular Price)

$20.55 $20.55

$41.40 COP 147.9K

-50.36%

Taxi Start (Normal Tariff)

$2.70 $2.70

$1.47 COP 5,264

83.67%

Taxi (Normal Tariff) (1km)

$2.71 $2.71

$1.96 COP 7,009

38.27%

Taxi 1hour Waiting (Normal Tariff)

$10.06 $10.06

$7.74 COP 27.6K

29.97%

Gasoline (1 liter)

$0.64 $0.64

$0.95 COP 3,409

-32.63%

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

$25.3K $25.3K

$18.1K COP 64.7M

39.50%

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

$29.2K $29.2K

$26.5K COP 94.6M

10.07%

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

$111 $111

$82.3 COP 293.7K

34.36%

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

$13.65 $13.65

$9.50 COP 33.9K

43.68%

Internet (50+ Mbps, Unlimited Data)

$32.09 $32.09

$24.23 COP 86.5K

32.44%

Gym Membership (Monthly)

$35.42 $35.42

$25.89 COP 92.4K

36.81%

Tennis Court (1 Hour on Weekend)

$46.79 $46.79

$19.00 COP 67.9K

146.26%

Cinema Ticket

$7.96 $7.96

$3.93 COP 14.0K

102.54%

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

$319 $319

$309 COP 1.1M

3.11%

International Primary School, 1 Child (Yearly)

$5,838 $5,838

$5,965 COP 21.3M

-2.12%

Jeans (Levis 501 Or Similar)

$51.5 $51.5

$58.7 COP 209.5K

-12.15%

Summer Dress (H&M, Zara, etc)

$44.04 $44.04

$32.35 COP 115.5K

36.14%

Sport Shoes (Adidas, Nike)

$103 $103

$103 COP 366.4K

0.55%

Men's Leather Business Shoes

$112 $112

$108 COP 387.2K

3.70%

1-bedroom Apartment, City Center (Monthly)

$336 $336

$476 COP 1.7M

-29.41%

1-bedroom Apartment, Outside City Center (Monthly)

$366 $366

$379 COP 1.4M

-3.51%

3-bedroom Apartment, City Center (Monthly)

$508 $508

$838 COP 3.0M

-39.38%

3-bedroom Apartment, Outside City Center (Monthly)

$694 $694

$724 COP 2.6M

-4.09%

Buy Apartment in City Center (m2)

$2,305 $2,305

$2,791 COP 10.0M

-17.39%

Buy Apartment Outside City Center (m2)

$1,469 $1,469

$1,211 COP 4.3M

21.25%

Average Monthly Net Salary (After Tax)

$584 $584

$512 COP 1.8M

14.01%

20-Year Fixed Mortgage Interest Rate (Annual %)

9.35

13.43

-30.38%

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

Last update for Guayaquil: June 1, 2026

Last update for Medellin: May 31, 2026

Cost Breakdown

A central one-bedroom costs $336 in Guayaquil versus $476 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 14% higher in Guayaquil, 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 $47.00 in Guayaquil versus $33.00 in Medellin. Monthly groceries follow the same trend: $198 vs $188 – 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

Guayaquil vs Medellin: Cost of Living - Frequently Asked Questions

Yes – Guayaquil is pricier by about 3%, and the gap shows up most in Getting Around. It's not just housing either; the difference applies across most spending categories.

For a comfortable life, plan on about $1,572 per month in Guayaquil and $1,519 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.

Kindergarten costs $319 per month in Guayaquil and $309 in Medellin. For families with young kids, this one expense can tip the scales when choosing between the two cities.

Groceries cost about 5% more in Guayaquil, 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 Medellin, where all-in costs run around $1,013, than in Guayaquil at $1,048. In Medellin it covers expenses comfortably, while in Guayaquil it requires careful planning or may not stretch far enough.

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

If budget matters most, go with Medellin. If higher salaries, better infrastructure, or specific career opportunities are the priority, Guayaquil makes more sense. Both are solid long-term options with distinct trade-offs.