Cost of Living Comparison Between Homestead, FL and Medellin Cost of Living Comparison Between Homestead, FL and Medellin

Monthly Cost of Living

Monthly costs for one person with rent: $3,425 in Homestead, FL versus $1,681 in Medellin.

Estimated couple costs with rent: $4,779 in Homestead, FL versus $2,445 in Medellin.

Monthly costs for a family of three with rent: $6,134 in Homestead, FL versus $3,210 in Medellin.

Living in Homestead, FL is roughly 104% more expensive than in Medellin, driven mainly by Eating Out.

Both cities are pricier than the global median: Homestead, FL 150% above, Medellin 23% above.

Meal at Budget Restaurant

$20.34 $20.34

$8.02 COP 25.0K

153.62%

Three-Course Dinner for Two, Mid-Range

$73.8 $73.8

$47.87 COP 149.4K

54.21%

Fast Food Meal (McDonalds, etc)

$9.95 $9.95

$9.89 COP 30.8K

0.61%

Cappuccino

$5.07 $5.07

$3.13 COP 9,767

61.98%

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

$1.99 $1.99

$1.91 COP 5,954

4.19%

Water (0.33 liter bottle)

$1.92 $1.92

$1.51 COP 4,712

27.15%

Local Beer (0.5 liter draught)

$5.29 $5.29

$3.12 COP 9,747

69.55%

Imported Beer (0.33 liter bottle)

$7.45 $7.45

$5.75 COP 17.9K

29.57%

Milk (1 liter)

$0.87 $0.87

$1.44 COP 4,509

-39.58%

White Bread (500g)

$2.61 $2.61

$2.49 COP 7,759

4.82%

Rice (white) (1kg)

$3.07 $3.07

$1.77 COP 5,535

73.45%

Eggs

$3.87 $3.87

$2.96 COP 9,235

30.74%

Local Cheese (1kg)

$12.98 $12.98

$10.07 COP 31.4K

28.90%

Chicken Fillets (1kg)

$6.76 $6.76

$10.12 COP 31.6K

-33.20%

Beef Round Steak (1kg)

$14.63 $14.63

$14.30 COP 44.6K

2.31%

Apples (1kg)

$4.02 $4.02

$4.14 COP 12.9K

-2.90%

Banana (1kg)

$1.51 $1.51

$1.61 COP 5,019

-6.21%

Oranges (1kg)

$4.43 $4.43

$2.25 COP 7,007

96.89%

Tomato (1kg)

$5.25 $5.25

$2.25 COP 7,028

133.33%

Potato (1kg)

$2.99 $2.99

$2.04 COP 6,375

46.57%

Onion (1kg)

$3.45 $3.45

$1.54 COP 4,790

124.03%

Lettuce (1 head)

$1.02 $1.02

$1.17 COP 3,651

-12.82%

Water (1.5 liter bottle)

$1.95 $1.95

$1.31 COP 4,077

48.85%

Cigarettes 20 Pack (Marlboro, Camel)

$9.80 $9.80

$3.90 COP 12.2K

151.28%

Wine (Bottle)

$14.09 $14.09

$14.01 COP 43.7K

0.57%

Local Beer (0.5 liter bottle)

$2.07 $2.07

$1.74 COP 5,439

18.97%

Imported Beer (0.33 liter bottle)

$2.46 $2.46

$2.87 COP 8,956

-14.29%

One-way Ticket (Public Transport)

$1.90 $1.90

$1.22 COP 3,792

55.74%

Public Transport Monthly Pass (Regular Price)

$80.5 COP 251.1K

Taxi Start (Normal Tariff)

$2.97 $2.97

$1.31 COP 4,084

126.72%

Taxi (Normal Tariff) (1km)

$1.89 $1.89

$2.19 COP 6,825

-13.70%

Taxi 1hour Waiting (Normal Tariff)

$25.86 $25.86

$8.71 COP 27.2K

196.90%

Gasoline (1 liter)

$0.92 $0.92

$1.37 COP 4,260

-32.85%

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

$34.7K $34.7K

$27.8K COP 86.9M

24.64%

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

$22.7K $22.7K

$35.8K COP 111.6M

-36.59%

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

$170 $170

$177 COP 553.2K

-4.23%

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

$61.8 $61.8

$13.88 COP 43.3K

344.96%

Internet (50+ Mbps, Unlimited Data)

$77.6 $77.6

$29.72 COP 92.8K

161.10%

Gym Membership (Monthly)

$41.03 $41.03

$44.88 COP 140.1K

-8.58%

Tennis Court (1 Hour on Weekend)

$30.35 $30.35

$17.12 COP 53.4K

77.28%

Cinema Ticket

$12.93 $12.93

$6.65 COP 20.7K

94.44%

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

$913 $913

$813 COP 2.5M

12.33%

International Primary School, 1 Child (Yearly)

$15.0K $15.0K

$9,187 COP 28.7M

63.31%

Jeans (Levis 501 Or Similar)

$42.19 $42.19

$89.5 COP 279.3K

-52.86%

Summer Dress (H&M, Zara, etc)

$42.65 $42.65

$59.0 COP 184.0K

-27.68%

Sport Shoes (Adidas, Nike)

$80.7 $80.7

$138 COP 431.2K

-41.64%

Men's Leather Business Shoes

$107 $107

$102 COP 318.7K

4.33%

1-bedroom Apartment, City Center (Monthly)

$2,202 $2,202

$1,062 COP 3.3M

107.37%

1-bedroom Apartment, Outside City Center (Monthly)

$2,159 $2,159

$663 COP 2.1M

225.72%

3-bedroom Apartment, City Center (Monthly)

$3,888 $3,888

$1,888 COP 5.9M

105.89%

3-bedroom Apartment, Outside City Center (Monthly)

$3,503 $3,503

$1,027 COP 3.2M

241.05%

Buy Apartment in City Center (m2)

$2,730 $2,730

$4,183 COP 13.1M

-34.75%

Buy Apartment Outside City Center (m2)

$2,361 $2,361

$1,675 COP 5.2M

40.97%

Average Monthly Net Salary (After Tax)

$678 COP 2.1M

20-Year Fixed Mortgage Interest Rate (Annual %)

6.1

10.94

-44.24%

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

Last update for Homestead, FL: September 13, 2026

Last update for Medellin: September 14, 2026

Cost Breakdown

A one-bedroom apartment in the center runs $2,202 in Homestead, FL and $1,062 in Medellin. Housing cost is often the main lever when comparing two cities.

Dining out: $74.0 in Homestead, FL vs $48.00 in Medellin for a mid-range dinner for two. Groceries echo the gap at $339 vs $305 per month, with Medellin cheaper across the board.

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

Homestead, FL vs Medellin: Cost of Living - Frequently Asked Questions

Medellin wins on cost – living expenses run 104% lower than in Homestead, FL. Housing and daily spending are where you'll feel the difference most, making Medellin the obvious pick if budget is a priority.

You'd need roughly $5,137 in Homestead, FL and $2,521 in Medellin to live well. The gap comes down to housing and overall price levels. Both cities are liveable on less, but these numbers represent actual comfort.

Rent for a central apartment: $2,202 in Homestead, FL versus $1,062 in Medellin. Housing is usually the single largest factor when comparing overall living costs between the two.

Supermarket bills run roughly 11% higher in Homestead, FL. For households that cook at home regularly, that difference adds up over a month.

All in, you'll spend $3,425 per month in Homestead, FL versus $1,681 in Medellin – a 104% gap that adds up to real savings over time for anyone picking the cheaper option.

At $1,681 in Medellin versus $3,425 in Homestead, FL, a $2,500 budget is realistic in Medellin but tight or insufficient in Homestead, FL. The gap between the two cities makes Medellin the clear choice for anyone on this budget.

Both work as nomad bases, but Medellin delivers better value – similar infrastructure at $1,681 monthly. If stretching your runway or maximizing savings is the goal, the price difference makes Medellin hard to pass up.

Expats usually find Medellin gentler on the wallet – expenses run 104% less than in Homestead, FL. Beyond cost, consider language, visa policies, and how big the international community is in each city.