Last update: Oct 2026

Cost of Living Comparison Between Homestead, FL and Medellin

For one person, living is cheaper in Medellin: $1,639 a month against $3,460 in Homestead, FL, rent and utilities included – about $21,900 less a year. Rent and utilities account for most of the difference.

165

Cost of Living Index in Homestead, FL
Learn more

Homestead, FL Living Index
79

Cost of Living Index in Medellin
Learn more

Medellin Living Index

Jump to prices

Homestead, FL

🇺🇸 United States

$3,460

/mo nomad

Medellin

🇨🇴 Colombia

$1,639

/mo nomad

Monthly Cost of Living

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

Monthly costs for one person with rent: $3,460 in Homestead, FL versus $1,639 in Medellin.

Homestead, FL $3,460
Medellin $1,639

Estimated couple costs with rent: $4,870 in Homestead, FL versus $2,413 in Medellin.

Homestead, FL $4,870
Medellin $2,413

Monthly costs for a family of three with rent: $6,281 in Homestead, FL versus $3,186 in Medellin.

Homestead, FL $6,281
Medellin $3,186

Living in Homestead, FL is roughly 111% more expensive than in Medellin, and outside of rent the biggest gap is in eating out.

Both cities are pricier than the global median: Homestead, FL 154% above, Medellin 20% above.

Meal at Budget Restaurant

$20.28 $20.28

$8.09 COP 26.1K

150.68%

Three-Course Dinner for Two, Mid-Range

$74.1 $74.1

$47.05 COP 151.7K

57.45%

Fast Food Meal (McDonalds, etc)

$9.98 $9.98

$9.50 COP 30.6K

5.05%

Cappuccino

$4.97 $4.97

$3.01 COP 9,722

65.12%

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

$2.02 $2.02

$1.80 COP 5,801

12.22%

Water (0.33 liter bottle)

$1.98 $1.98

$1.41 COP 4,554

40.43%

Local Beer (0.5 liter draught)

$5.30 $5.30

$3.18 COP 10.2K

66.67%

Imported Beer (0.33 liter bottle)

$7.39 $7.39

$5.75 COP 18.5K

28.52%

Milk (1 liter)

$0.82 $0.82

$1.51 COP 4,869

-45.70%

White Bread (500g)

$2.66 $2.66

$2.38 COP 7,667

11.76%

Rice (white) (1kg)

$3.10 $3.10

$1.77 COP 5,712

75.14%

Eggs

$3.83 $3.83

$2.89 COP 9,320

32.53%

Local Cheese (1kg)

$13.32 $13.32

$10.19 COP 32.9K

30.72%

Chicken Fillets (1kg)

$6.57 $6.57

$9.87 COP 31.8K

-33.43%

Beef Round Steak (1kg)

$14.74 $14.74

$13.99 COP 45.1K

5.36%

Apples (1kg)

$3.99 $3.99

$3.97 COP 12.8K

0.50%

Banana (1kg)

$1.52 $1.52

$1.55 COP 5,005

-1.94%

Oranges (1kg)

$4.32 $4.32

$2.18 COP 7,039

98.17%

Tomato (1kg)

$5.40 $5.40

$2.18 COP 7,041

147.71%

Potato (1kg)

$2.89 $2.89

$1.96 COP 6,328

47.45%

Onion (1kg)

$3.33 $3.33

$1.59 COP 5,125

109.43%

Lettuce (1 head)

$1.03 $1.03

$1.15 COP 3,694

-10.43%

Water (1.5 liter bottle)

$1.97 $1.97

$1.24 COP 4,009

58.87%

Cigarettes 20 Pack (Marlboro, Camel)

$9.26 $9.26

$3.96 COP 12.8K

133.84%

Wine (Bottle)

$14.17 $14.17

$13.68 COP 44.1K

3.58%

Local Beer (0.5 liter bottle)

$2.05 $2.05

$1.66 COP 5,352

23.49%

Imported Beer (0.33 liter bottle)

$2.46 $2.46

$2.26 COP 7,281

8.85%

One-way Ticket (Public Transport)

$2.22 $2.22

$1.17 COP 3,766

89.74%

Public Transport Monthly Pass (Regular Price)

$57.2 $57.2

$77.4 COP 249.5K

-26.10%

Taxi Start (Normal Tariff)

$3.15 $3.15

$1.27 COP 4,089

148.03%

Taxi (Normal Tariff) (1km)

$1.88 $1.88

$2.05 COP 6,603

-8.29%

Taxi 1hour Waiting (Normal Tariff)

$31.75 $31.75

$8.55 COP 27.6K

271.35%

Gasoline (1 liter)

$1.03 $1.03

$1.35 COP 4,343

-23.70%

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

$28.2K $28.2K

$34.1K COP 109.8M

-17.29%

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

$22.7K $22.7K

$34.7K COP 111.8M

-34.56%

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

$171 $171

$170 COP 547.0K

0.75%

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

$57.2 $57.2

$13.55 COP 43.7K

321.92%

Internet (50+ Mbps, Unlimited Data)

$76.7 $76.7

$28.07 COP 90.5K

173.28%

Gym Membership (Monthly)

$40.63 $40.63

$43.70 COP 140.9K

-7.03%

Tennis Court (1 Hour on Weekend)

$30.36 $30.36

$17.19 COP 55.4K

76.61%

Cinema Ticket

$12.93 $12.93

$6.91 COP 22.3K

87.12%

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

$895 $895

$797 COP 2.6M

12.37%

International Primary School, 1 Child (Yearly)

$15.2K $15.2K

$9,112 COP 29.4M

67.29%

Jeans (Levis 501 Or Similar)

$41.90 $41.90

$84.7 COP 273.2K

-50.54%

Summer Dress (H&M, Zara, etc)

$42.12 $42.12

$58.0 COP 186.9K

-27.33%

Sport Shoes (Adidas, Nike)

$78.9 $78.9

$135 COP 435.2K

-41.52%

Men's Leather Business Shoes

$103 $103

$97.9 COP 315.6K

5.39%

1-bedroom Apartment, City Center (Monthly)

$2,161 $2,161

$1,208 COP 3.9M

78.93%

1-bedroom Apartment, Outside City Center (Monthly)

$2,242 $2,242

$642 COP 2.1M

249.41%

3-bedroom Apartment, City Center (Monthly)

$3,871 $3,871

$2,028 COP 6.5M

90.94%

3-bedroom Apartment, Outside City Center (Monthly)

$3,548 $3,548

$1,012 COP 3.3M

250.66%

Buy Apartment in City Center (m2)

$3,223 $3,223

$4,170 COP 13.4M

-22.71%

Buy Apartment Outside City Center (m2)

$2,538 $2,538

$1,910 COP 6.2M

32.88%

Average Monthly Net Salary (After Tax)

$3,237 $3,237

$657 COP 2.1M

392.63%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.25

10.94

-42.87%

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

Last update for Homestead, FL: October 24, 2026

Last update for Medellin: October 25, 2026

Monthly budget structure

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

Accommodation & Living

Homestead, FL

$2.2K 64.8%

Medellin

$642 39.1% 71.4% $1.6K

Groceries & Markets

Homestead, FL

$339 9.8%

Medellin

$297 18.1% 12.5% $42

Eating Out

Homestead, FL

$309 8.9%

Medellin

$170 10.4% 45.1% $139

Monthly Utilities & Internet

Homestead, FL

$305 8.8%

Medellin

$211 12.9% 30.7% $94

Clothing & Footwear

Homestead, FL

$120 3.5%

Medellin

$169 10.3% 41.1% $49

Getting Around

Homestead, FL

$79 2.3%

Medellin

$94 5.7% 19% $15

Sport & Entertainment

Homestead, FL

$67 1.9%

Medellin

$58 3.5% 13.5% $9

Cost Breakdown

A one-bedroom apartment in the center runs $2,161 in Homestead, FL and $1,208 in Medellin. Housing cost is often the main lever when comparing two cities.

Homestead, FL pays about 4.9 times more on average. How far that income stretches comes down to housing choices and lifestyle.

Dining out: $74 in Homestead, FL vs $47 in Medellin for a mid-range dinner for two. Groceries echo the gap at $339 vs $297 per month, with Medellin cheaper across the board.

Good to know

🇺🇸 Homestead, FL

🇨🇴 Medellin

🕒 Local time

19:26 7:26 PM

Same time as Homestead, FL

🌤 Weather

👥 Population

80,737

2,486,723

💱 Currency

United States Dollar USD $

Colombian Peso COP $

📈 Exchange rate

1 USD = 0.896 EUR

10,000 COP = 3.1 USD

10,000 COP = 2.78 EUR

Exchange rates and currency converter

COP, EUR to USD – United States Dollar Converter

🇨🇴 Colombian Peso ($)

🇺🇸 United States Dollar ($)

United States Dollar exchange rates as of November 2, 2026: 1 EUR = 1.12 USD (1 USD = 0.896 EUR).

Colombian Peso exchange rates as of November 2, 2026: 1 USD = 3,224 COP (10,000 COP = 3.1 USD). 1 EUR = 3,600 COP (10,000 COP = 2.78 EUR).

COP to USD in detail →

On the map

Lowest

Highest

Between locations

Homestead, FL Medellin 2,200 km ≈ 3 h 15 min nonstop flight

From you

Homestead, FL
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

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

Medellin wins on cost – living expenses run 53% 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.

Average pay in Homestead, FL is about 4.9 times higher, 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: $2,161 in Homestead, FL versus $1,208 in Medellin. Housing is usually the single largest factor when comparing overall living costs between the two.

Dining out is cheaper in Medellin – a meal for two runs $47 versus $74 in Homestead, FL. If you eat out regularly, this makes a real dent in your monthly spending.

All in, you’ll spend $3,460 per month in Homestead, FL versus $1,639 in Medellin – Medellin is about 53% cheaper, which adds up to real savings over time.

At $1,639 in Medellin versus $3,460 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 cities offer a good standard of living with different trade-offs. Neither is objectively better – the right pick depends on what matters most: affordability, career, cultural scene, or climate.

It comes down to priorities – Medellin wins on affordability, Homestead, FL on earning potential. Factor in climate, language, visa rules, and proximity to places that matter to you before deciding.