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

Monthly Cost of Living

A single person spends $1,065 per month in Guayaquil vs $1,031 in Medellin, rent included.

A couple spends around $1,699 per month in Guayaquil vs $1,599 in Medellin, rent included.

A family of three spends $2,332 per month in Guayaquil vs $2,167 in Medellin, rent included.

Guayaquil costs about 3% more than Medellin, driven mainly by Sport & Entertainment.

Both Guayaquil and Medellin are more affordable than the global median – Guayaquil 20% lower, Medellin 23% lower.

Meal at Budget Restaurant

$3.59 $3.59

$6.16 COP 20.0K

-41.72%

Three-Course Dinner for Two, Mid-Range

$48.44 $48.44

$32.60 COP 106.0K

48.59%

Fast Food Meal (McDonalds, etc)

$7.81 $7.81

$7.34 COP 23.9K

6.40%

Cappuccino

$2.50 $2.50

$1.72 COP 5,592

45.35%

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

$0.90 $0.90

$1.05 COP 3,416

-14.29%

Water (0.33 liter bottle)

$0.62 $0.62

$0.77 COP 2,511

-19.48%

Local Beer (0.5 liter draught)

$2.97 $2.97

$1.69 COP 5,480

75.74%

Imported Beer (0.33 liter bottle)

$4.45 $4.45

$3.17 COP 10.3K

40.38%

Milk (1 liter)

$1.13 $1.13

$1.05 COP 3,418

7.62%

White Bread (500g)

$1.71 $1.71

$1.30 COP 4,230

31.54%

Rice (white) (1kg)

$1.77 $1.77

$1.40 COP 4,538

26.43%

Eggs

$2.54 $2.54

$2.16 COP 7,037

17.59%

Local Cheese (1kg)

$6.11 $6.11

$4.39 COP 14.3K

39.18%

Chicken Fillets (1kg)

$5.28 $5.28

$5.88 COP 19.1K

-10.20%

Beef Round Steak (1kg)

$6.17 $6.17

$8.64 COP 28.1K

-28.59%

Apples (1kg)

$2.04 $2.04

$2.28 COP 7,415

-10.53%

Banana (1kg)

$1.52 $1.52

$1.11 COP 3,599

36.94%

Oranges (1kg)

$1.04 $1.04

$1.53 COP 4,976

-32.03%

Tomato (1kg)

$1.22 $1.22

$1.35 COP 4,405

-9.63%

Potato (1kg)

$1.89 $1.89

$1.13 COP 3,669

67.26%

Onion (1kg)

$1.39 $1.39

$1.13 COP 3,687

23.01%

Lettuce (1 head)

$0.67 $0.67

$0.85 COP 2,749

-21.18%

Water (1.5 liter bottle)

$0.98 $0.98

$0.91 COP 2,971

7.69%

Cigarettes 20 Pack (Marlboro, Camel)

$5.92 $5.92

$2.34 COP 7,619

152.99%

Wine (Bottle)

$11.82 $11.82

$12.37 COP 40.2K

-4.45%

Local Beer (0.5 liter bottle)

$1.57 $1.57

$1.20 COP 3,904

30.83%

Imported Beer (0.33 liter bottle)

$2.12 $2.12

$2.49 COP 8,094

-14.86%

One-way Ticket (Public Transport)

$0.33 $0.33

$0.84 COP 2,724

-60.71%

Public Transport Monthly Pass (Regular Price)

$21.12 $21.12

$40.57 COP 131.9K

-47.94%

Taxi Start (Normal Tariff)

$2.70 $2.70

$1.42 COP 4,617

90.14%

Taxi (Normal Tariff) (1km)

$2.70 $2.70

$1.92 COP 6,227

40.63%

Taxi 1hour Waiting (Normal Tariff)

$10.07 $10.07

$7.66 COP 24.9K

31.46%

Gasoline (1 liter)

$0.65 $0.65

$0.99 COP 3,219

-34.34%

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

$25.4K $25.4K

$18.0K COP 58.6M

40.80%

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

$29.3K $29.3K

$26.6K COP 86.6M

10.12%

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

$107 $107

$80.8 COP 262.7K

32.26%

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

$13.58 $13.58

$9.95 COP 32.3K

36.48%

Internet (50+ Mbps, Unlimited Data)

$31.85 $31.85

$24.18 COP 78.6K

31.72%

Gym Membership (Monthly)

$35.61 $35.61

$25.08 COP 81.5K

41.99%

Tennis Court (1 Hour on Weekend)

$46.65 $46.65

$19.15 COP 62.3K

143.60%

Cinema Ticket

$7.70 $7.70

$3.98 COP 13.0K

93.47%

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

$311 $311

$305 COP 992.2K

1.76%

International Primary School, 1 Child (Yearly)

$5,954 $5,954

$6,059 COP 19.7M

-1.73%

Jeans (Levis 501 Or Similar)

$51.2 $51.2

$58.1 COP 189.0K

-11.94%

Summer Dress (H&M, Zara, etc)

$42.94 $42.94

$32.20 COP 104.7K

33.35%

Sport Shoes (Adidas, Nike)

$101 $101

$101 COP 327.5K

0.48%

Men's Leather Business Shoes

$112 $112

$108 COP 350.3K

4.07%

1-bedroom Apartment, City Center (Monthly)

$337 $337

$477 COP 1.5M

-29.32%

1-bedroom Apartment, Outside City Center (Monthly)

$359 $359

$376 COP 1.2M

-4.59%

3-bedroom Apartment, City Center (Monthly)

$524 $524

$845 COP 2.7M

-37.94%

3-bedroom Apartment, Outside City Center (Monthly)

$687 $687

$730 COP 2.4M

-5.93%

Buy Apartment in City Center (m2)

$2,266 $2,266

$3,215 COP 10.5M

-29.53%

Buy Apartment Outside City Center (m2)

$1,441 $1,441

$1,372 COP 4.5M

5.01%

Average Monthly Net Salary (After Tax)

$592 $592

$617 COP 2.0M

-4.10%

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: July 12, 2026

Last update for Medellin: July 12, 2026

Cost Breakdown

A central one-bedroom costs $337 in Guayaquil versus $477 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 4% higher in Medellin, which reinforces the cost advantage – you earn more and spend less. Purchasing power leans clearly in its favor.

A mid-range dinner for two costs $48.00 in Guayaquil versus $33.00 in Medellin. Monthly groceries follow the same trend: $197 vs $193 – 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 Sport & Entertainment. It's not just housing either; the difference applies across most spending categories.

For a comfortable life, plan on about $1,598 per month in Guayaquil and $1,546 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 $311 per month in Guayaquil and $305 in Medellin. For families with young kids, this one expense can tip the scales when choosing between the two cities.

Groceries cost about 2% 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 $1,031, than in Guayaquil at $1,065. 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.