Last update: Oct 2026

Cost of Living Comparison Between Hanko and Medellin

For one person, living is cheaper in Medellin: $1,625 a month against $1,845 in Hanko, rent and utilities included – about $2,600 less a year. The total is higher in Hanko despite lower rent and utilities.

89

Cost of Living Index in Hanko
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Hanko Living Index
79

Cost of Living Index in Medellin
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Medellin Living Index

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Hanko

🇫🇮 Finland

$1,845

/mo nomad

Medellin

🇨🇴 Colombia

$1,625

/mo nomad

Monthly Cost of Living

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

Monthly costs for one person with rent: $1,845 in Hanko versus $1,625 in Medellin.

Hanko $1,845
Medellin $1,625

Estimated couple costs with rent: $2,870 in Hanko versus $2,412 in Medellin.

Hanko $2,870
Medellin $2,412

Monthly costs for a family of three with rent: $3,894 in Hanko versus $3,199 in Medellin.

Hanko $3,894
Medellin $3,199

Living in Hanko is roughly 14% more expensive than in Medellin, and outside of rent the biggest gap is in eating out.

Both cities are pricier than the global median: Hanko 36% above, Medellin 20% above.

Meal at Budget Restaurant

$16.24 €14.45

$8.30 COP 26.3K

95.66%

Three-Course Dinner for Two, Mid-Range

$88.7 €78.9

$46.91 COP 148.7K

89.04%

Fast Food Meal (McDonalds, etc)

$11.59 €10.31

$9.24 COP 29.3K

25.43%

Cappuccino

$5.32 €4.73

$3.05 COP 9,676

74.43%

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

$3.00 €2.67

$1.80 COP 5,707

66.67%

Water (0.33 liter bottle)

$1.92 €1.71

$1.38 COP 4,382

39.13%

Local Beer (0.5 liter draught)

$7.61 €6.77

$3.24 COP 10.3K

134.88%

Imported Beer (0.33 liter bottle)

$8.91 €7.92

$5.56 COP 17.6K

60.25%

Milk (1 liter)

$1.29 €1.15

$1.50 COP 4,760

-14.00%

White Bread (500g)

$2.67 €2.37

$2.37 COP 7,508

12.66%

Rice (white) (1kg)

$2.49 €2.22

$1.70 COP 5,377

46.47%

Eggs

$3.19 €2.84

$2.96 COP 9,379

7.77%

Local Cheese (1kg)

$9.05 €8.05

$10.22 COP 32.4K

-11.45%

Chicken Fillets (1kg)

$13.99 €12.44

$9.74 COP 30.9K

43.63%

Beef Round Steak (1kg)

$21.10 €18.77

$13.90 COP 44.1K

51.80%

Apples (1kg)

$2.34 €2.08

$4.13 COP 13.1K

-43.34%

Banana (1kg)

$2.12 €1.89

$1.53 COP 4,839

38.56%

Oranges (1kg)

$2.54 €2.26

$2.22 COP 7,052

14.41%

Tomato (1kg)

$3.90 €3.47

$2.27 COP 7,194

71.81%

Potato (1kg)

$1.26 €1.12

$1.99 COP 6,311

-36.68%

Onion (1kg)

$1.92 €1.71

$1.67 COP 5,285

14.97%

Lettuce (1 head)

$2.81 €2.50

$1.18 COP 3,742

138.14%

Water (1.5 liter bottle)

$1.96 €1.74

$1.24 COP 3,919

58.06%

Cigarettes 20 Pack (Marlboro, Camel)

$12.95 €11.52

$3.87 COP 12.3K

234.63%

Wine (Bottle)

$16.10 €14.32

$13.78 COP 43.7K

16.84%

Local Beer (0.5 liter bottle)

$3.04 €2.71

$1.66 COP 5,256

83.13%

Imported Beer (0.33 liter bottle)

$3.40 €3.02

$2.40 COP 7,615

41.67%

One-way Ticket (Public Transport)

$3.25 €2.89

$1.24 COP 3,944

162.10%

Public Transport Monthly Pass (Regular Price)

$64.7 €57.5

$78.2 COP 248.0K

-17.30%

Taxi Start (Normal Tariff)

$4.29 €3.82

$1.28 COP 4,044

235.16%

Taxi (Normal Tariff) (1km)

$1.31 €1.16

$2.15 COP 6,803

-39.07%

Taxi 1hour Waiting (Normal Tariff)

$66.6 €59.3

$8.37 COP 26.5K

696.06%

Gasoline (1 liter)

$2.35 €2.09

$1.35 COP 4,288

74.07%

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

$36.4K €32.3K

$34.8K COP 110.2M

4.57%

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

$36.4K €32.3K

$34.7K COP 110.0M

4.85%

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

$130 €116

$167 COP 528.4K

-22.02%

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

$24.93 €22.17

$13.62 COP 43.2K

83.04%

Internet (50+ Mbps, Unlimited Data)

$23.64 €21.02

$29.12 COP 92.3K

-18.82%

Gym Membership (Monthly)

$43.34 €38.55

$45.09 COP 143.0K

-3.88%

Tennis Court (1 Hour on Weekend)

$22.16 €19.71

$17.18 COP 54.5K

28.99%

Cinema Ticket

$17.97 €15.99

$6.97 COP 22.1K

157.82%

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

$335 €298

$790 COP 2.5M

-57.60%

International Primary School, 1 Child (Yearly)

$12.4K €11.1K

$9,041 COP 28.7M

37.67%

Jeans (Levis 501 Or Similar)

$96.8 €86.1

$87.8 COP 278.4K

10.23%

Summer Dress (H&M, Zara, etc)

$48.95 €43.54

$58.2 COP 184.4K

-15.82%

Sport Shoes (Adidas, Nike)

$102 €91.0

$139 COP 440.7K

-26.38%

Men's Leather Business Shoes

$151 €134

$98.9 COP 313.5K

52.44%

1-bedroom Apartment, City Center (Monthly)

$785 €698

$1,028 COP 3.3M

-23.65%

1-bedroom Apartment, Outside City Center (Monthly)

$642 €571

$620 COP 2.0M

3.63%

3-bedroom Apartment, City Center (Monthly)

$1,225 €1,090

$1,881 COP 6.0M

-34.86%

3-bedroom Apartment, Outside City Center (Monthly)

$1,032 €918

$1,008 COP 3.2M

2.40%

Buy Apartment in City Center (m2)

$4,038 €3,592

$3,988 COP 12.6M

1.26%

Buy Apartment Outside City Center (m2)

$2,106 €1,874

$1,702 COP 5.4M

23.77%

Average Monthly Net Salary (After Tax)

$4,380 €3,896

$663 COP 2.1M

560.28%

20-Year Fixed Mortgage Interest Rate (Annual %)

3.51

10.94

-67.92%

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

Last update for Hanko: October 19, 2026

Last update for Medellin: October 19, 2026

Monthly budget structure

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

Accommodation & Living

Hanko

$642 34.8%

Medellin

$619 38.1% 3.5% $22

Groceries & Markets

Hanko

$373 20.2%

Medellin

$298 18.3% 20.2% $75

Eating Out

Hanko

$304 16.5%

Medellin

$171 10.5% 43.8% $133

Clothing & Footwear

Hanko

$179 9.7%

Medellin

$173 10.6% 3.8% $6.7

Monthly Utilities & Internet

Hanko

$179 9.7%

Medellin

$209 12.9% 17.3% $31

Getting Around

Hanko

$89 4.8%

Medellin

$95 5.9% 7.5% $6.7

Sport & Entertainment

Hanko

$79 4.3%

Medellin

$59 3.6% 25.5% $20

Cost Breakdown

A one-bedroom apartment in the center runs $785 in Hanko and $1,028 in Medellin. Housing cost is often the main lever when comparing two cities.

Hanko pays 560% more on average. The extra income cushions the higher costs, though housing choices and lifestyle decide how much of the gap is truly closed.

Dining out: $89.0 in Hanko vs $47.00 in Medellin for a mid-range dinner for two. Groceries echo the gap at $373 vs $298 per month, with Medellin cheaper across the board.

Good to know

🇫🇮 Hanko

🇨🇴 Medellin

🕒 Local time

14:43 2:43 PM

06:43 6:43 AM

8 h behind Hanko

🌤 Weather

👥 Population

8,000

2,486,723

💱 Currency

Euro EUR €

Colombian Peso COP $

📈 Exchange rate

1 EUR = 1.12 USD

10,000 COP = 3.15 USD

10,000 COP = 2.81 EUR

Exchange rates and currency converter

COP, USD to EUR – Euro Converter

🇺🇸 United States Dollar ($)

🇪🇺 Euro (€)

Euro exchange rates as of October 22, 2026: 1 USD = 0.889 EUR (1 EUR = 1.12 USD).

Colombian Peso exchange rates as of October 22, 2026: 1 USD = 3,171 COP (10,000 COP = 3.15 USD). 1 EUR = 3,565 COP (10,000 COP = 2.81 EUR).

USD to EUR in detail →

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Between locations

Hanko Medellin 9,880 km ≈ 13 h nonstop flight

From you

Hanko
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

Hanko vs Medellin: Cost of Living - Frequently Asked Questions

Medellin is cheaper overall, especially in groceries, eating out, and clothing. The 14% gap adds up to real monthly savings that compound significantly over time.

Average pay runs 560% higher in Hanko, 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: $785 in Hanko versus $1,028 in Medellin. Housing is usually the single largest factor when comparing overall living costs between the two.

Childcare runs $335 in Hanko versus $790 in Medellin. Over years of preschool, even a modest monthly gap compounds into a major financial factor for families.

Supermarket bills run roughly 25% higher in Hanko. For households that cook at home regularly, that difference adds up over a month.

At $1,625 in Medellin versus $1,845 in Hanko, a $2,500 budget is realistic in Medellin but tight or insufficient in Hanko. The gap between the two cities makes Medellin the clear choice for anyone on this budget.

For families, Medellin is more practical. Housing and childcare are both notably cheaper than in Hanko, and the savings on those two alone free up budget for education, activities, and family trips.

Safety-wise, Hanko and Medellin are on par. Petty crime is typical for cities this size, and most residents feel comfortable going about their daily routines in either place.

Expats usually find Medellin gentler on the wallet – expenses run 14% less than in Hanko. Beyond cost, consider language, visa policies, and how big the international community is in each city.