Cost of Living Comparison Between Ibadan and Medellin Cost of Living Comparison Between Ibadan and Medellin

Monthly Cost of Living

Monthly costs for one person with rent: $812 in Ibadan versus $1,013 in Medellin.

Estimated couple costs with rent: $1,520 in Ibadan versus $1,602 in Medellin.

Monthly costs for a family of three with rent: $2,229 in Ibadan versus $2,192 in Medellin.

Living in Ibadan costs roughly 20% less than in Medellin, driven mainly by Clothing & Footwear.

Both cities sit below the global median: Ibadan 39% lower, Medellin 24% lower.

Meal at Budget Restaurant

$1.83 ₦2,488

$5.99 COP 21.3K

-69.45%

Three-Course Dinner for Two, Mid-Range

$29.27 ₦39.8K

$32.86 COP 116.9K

-10.93%

Fast Food Meal (McDonalds, etc)

$5.47 ₦7,426

$7.09 COP 25.2K

-22.85%

Cappuccino

$1.03 ₦1,405

$1.71 COP 6,093

-39.77%

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

$0.29 ₦395

$1.10 COP 3,910

-73.64%

Water (0.33 liter bottle)

$0.19 ₦260

$0.78 COP 2,771

-75.64%

Local Beer (0.5 liter draught)

$0.76 ₦1,035

$1.68 COP 5,976

-54.76%

Imported Beer (0.33 liter bottle)

$1.26 ₦1,714

$3.07 COP 10.9K

-58.96%

Milk (1 liter)

$2.35 ₦3,187

$1.09 COP 3,892

115.60%

White Bread (500g)

$1.15 ₦1,563

$1.26 COP 4,492

-8.73%

Rice (white) (1kg)

$2.06 ₦2,802

$1.38 COP 4,905

49.28%

Eggs

$1.72 ₦2,330

$2.19 COP 7,799

-21.46%

Local Cheese (1kg)

$4.37 ₦5,943

$4.40 COP 15.7K

-0.68%

Chicken Fillets (1kg)

$4.29 ₦5,827

$5.63 COP 20.0K

-23.80%

Beef Round Steak (1kg)

$4.18 ₦5,684

$8.89 COP 31.6K

-52.98%

Apples (1kg)

$2.47 ₦3,357

$2.34 COP 8,319

5.56%

Banana (1kg)

$1.21 ₦1,648

$1.06 COP 3,764

14.15%

Oranges (1kg)

$1.24 ₦1,679

$1.50 COP 5,355

-17.33%

Tomato (1kg)

$1.63 ₦2,214

$1.38 COP 4,906

18.12%

Potato (1kg)

$2.16 ₦2,934

$1.15 COP 4,097

87.83%

Onion (1kg)

$1.55 ₦2,109

$1.16 COP 4,141

33.62%

Lettuce (1 head)

$0.92 ₦1,254

$0.89 COP 3,170

3.37%

Water (1.5 liter bottle)

$0.32 ₦439

$0.84 COP 2,986

-61.90%

Cigarettes 20 Pack (Marlboro, Camel)

$1.26 ₦1,705

$2.28 COP 8,116

-44.74%

Wine (Bottle)

$1.02 ₦1,384

$10.64 COP 37.9K

-90.41%

Local Beer (0.5 liter bottle)

$0.63 ₦858

$1.20 COP 4,268

-47.50%

Imported Beer (0.33 liter bottle)

$0.89 ₦1,211

$2.47 COP 8,793

-63.97%

One-way Ticket (Public Transport)

$0.36 ₦483

$0.86 COP 3,045

-58.14%

Public Transport Monthly Pass (Regular Price)

$36.42 ₦49.5K

$41.40 COP 147.3K

-12.03%

Taxi Start (Normal Tariff)

$1.24 ₦1,681

$1.47 COP 5,245

-15.65%

Taxi (Normal Tariff) (1km)

$1.04 ₦1,417

$1.96 COP 6,984

-46.94%

Taxi 1hour Waiting (Normal Tariff)

$3.68 ₦5,005

$7.74 COP 27.5K

-52.45%

Gasoline (1 liter)

$0.57 ₦769

$0.95 COP 3,397

-40.00%

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

$9,512 ₦12.9M

$18.1K COP 64.5M

-47.54%

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

$14.2K ₦19.2M

$26.5K COP 94.2M

-46.52%

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

$20.99 ₦28.5K

$82.3 COP 292.7K

-74.48%

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

$7.46 ₦10.1K

$9.50 COP 33.8K

-21.47%

Internet (50+ Mbps, Unlimited Data)

$19.75 ₦26.8K

$24.23 COP 86.2K

-18.49%

Gym Membership (Monthly)

$29.50 ₦40.1K

$25.89 COP 92.1K

13.94%

Tennis Court (1 Hour on Weekend)

$19.00 COP 67.6K

Cinema Ticket

$2.67 ₦3,628

$3.93 COP 14.0K

-32.06%

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

$50.4 ₦68.5K

$309 COP 1.1M

-83.70%

International Primary School, 1 Child (Yearly)

$1,910 ₦2.6M

$5,965 COP 21.2M

-67.97%

Jeans (Levis 501 Or Similar)

$18.37 ₦24.9K

$58.7 COP 208.7K

-68.68%

Summer Dress (H&M, Zara, etc)

$24.43 ₦33.2K

$32.35 COP 115.1K

-24.48%

Sport Shoes (Adidas, Nike)

$43.76 ₦59.4K

$103 COP 365.1K

-57.35%

Men's Leather Business Shoes

$29.58 ₦40.2K

$108 COP 385.8K

-72.72%

1-bedroom Apartment, City Center (Monthly)

$451 ₦612.8K

$476 COP 1.7M

-5.26%

1-bedroom Apartment, Outside City Center (Monthly)

$433 ₦588.5K

$379 COP 1.3M

14.38%

3-bedroom Apartment, City Center (Monthly)

$1,214 ₦1.6M

$838 COP 3.0M

44.84%

3-bedroom Apartment, Outside City Center (Monthly)

$1,291 ₦1.8M

$724 COP 2.6M

78.30%

Buy Apartment in City Center (m2)

$846 ₦1.1M

$2,791 COP 9.9M

-69.67%

Buy Apartment Outside City Center (m2)

$28.82 ₦39.1K

$1,211 COP 4.3M

-97.62%

Average Monthly Net Salary (After Tax)

$55.9 ₦75.9K

$512 COP 1.8M

-89.09%

20-Year Fixed Mortgage Interest Rate (Annual %)

16.33

13.43

21.59%

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

Last update for Ibadan: June 2, 2026

Last update for Medellin: May 31, 2026

Cost Breakdown

A one-bedroom apartment in the center runs $451 in Ibadan and $476 in Medellin. Housing cost is often the main lever when comparing two cities.

Medellin pays 816% 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: $29.00 in Ibadan vs $33.00 in Medellin for a mid-range dinner for two. Groceries echo the gap at $154 vs $188 per month, with Ibadan 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

Ibadan vs Medellin: Cost of Living - Frequently Asked Questions

Ibadan wins on cost – living expenses run 25% lower than in Medellin. Housing and daily spending are where you'll feel the difference most, making Ibadan the obvious pick if budget is a priority.

On paper, Medellin earns 816% less. That's worth factoring in alongside costs, though remote workers earning in a stronger currency may not notice the difference at all.

Rent for a central apartment: $451 in Ibadan versus $476 in Medellin. Housing is usually the single largest factor when comparing overall living costs between the two.

Childcare runs $50.4 in Ibadan versus $309 in Medellin. Over years of preschool, even a modest monthly gap compounds into a major financial factor for families.

Supermarket bills run roughly 22% higher in Medellin. For households that cook at home regularly, that difference adds up over a month.

At $812 in Ibadan versus $1,013 in Medellin, a $1,000 budget is realistic in Ibadan but tight or insufficient in Medellin. The gap between the two cities makes Ibadan the clear choice for anyone on this budget.

Both work as nomad bases, but Ibadan delivers better value – similar infrastructure at $812 monthly. If stretching your runway or maximizing savings is the goal, the price difference makes Ibadan hard to pass up.

Expats usually find Ibadan gentler on the wallet – expenses run 25% less than in Medellin. Beyond cost, consider language, visa policies, and how big the international community is in each city.