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: $800 in Ibadan versus $1,031 in Medellin.

Estimated couple costs with rent: $1,491 in Ibadan versus $1,599 in Medellin.

Monthly costs for a family of three with rent: $2,182 in Ibadan versus $2,167 in Medellin.

Living in Ibadan costs roughly 22% less than in Medellin, driven mainly by Clothing & Footwear.

Both cities sit below the global median: Ibadan 40% lower, Medellin 23% lower.

Meal at Budget Restaurant

$1.82 ₦2,509

$6.16 COP 20.1K

-70.45%

Three-Course Dinner for Two, Mid-Range

$28.21 ₦38.8K

$32.60 COP 106.1K

-13.47%

Fast Food Meal (McDonalds, etc)

$5.42 ₦7,453

$7.34 COP 23.9K

-26.16%

Cappuccino

$1.00 ₦1,376

$1.72 COP 5,599

-41.86%

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

$0.29 ₦403

$1.05 COP 3,420

-72.38%

Water (0.33 liter bottle)

$0.17 ₦228

$0.77 COP 2,515

-77.92%

Local Beer (0.5 liter draught)

$0.81 ₦1,115

$1.69 COP 5,487

-52.07%

Imported Beer (0.33 liter bottle)

$1.26 ₦1,737

$3.17 COP 10.3K

-60.25%

Milk (1 liter)

$2.29 ₦3,148

$1.05 COP 3,423

118.10%

White Bread (500g)

$1.15 ₦1,586

$1.30 COP 4,236

-11.54%

Rice (white) (1kg)

$2.11 ₦2,898

$1.40 COP 4,544

50.71%

Eggs

$1.76 ₦2,426

$2.16 COP 7,046

-18.52%

Local Cheese (1kg)

$4.27 ₦5,877

$4.39 COP 14.3K

-2.73%

Chicken Fillets (1kg)

$4.16 ₦5,727

$5.88 COP 19.1K

-29.25%

Beef Round Steak (1kg)

$4.02 ₦5,530

$8.64 COP 28.1K

-53.47%

Apples (1kg)

$2.43 ₦3,338

$2.28 COP 7,425

6.58%

Banana (1kg)

$1.17 ₦1,605

$1.11 COP 3,603

5.41%

Oranges (1kg)

$1.23 ₦1,695

$1.53 COP 4,982

-19.61%

Tomato (1kg)

$1.69 ₦2,319

$1.35 COP 4,410

25.19%

Potato (1kg)

$2.15 ₦2,963

$1.13 COP 3,674

90.27%

Onion (1kg)

$1.51 ₦2,078

$1.13 COP 3,692

33.63%

Lettuce (1 head)

$0.98 ₦1,342

$0.85 COP 2,753

15.29%

Water (1.5 liter bottle)

$0.33 ₦448

$0.91 COP 2,975

-63.74%

Cigarettes 20 Pack (Marlboro, Camel)

$1.26 ₦1,727

$2.34 COP 7,629

-46.15%

Wine (Bottle)

$0.94 ₦1,287

$12.37 COP 40.3K

-92.40%

Local Beer (0.5 liter bottle)

$0.67 ₦924

$1.20 COP 3,909

-44.17%

Imported Beer (0.33 liter bottle)

$0.88 ₦1,207

$2.49 COP 8,104

-64.66%

One-way Ticket (Public Transport)

$0.32 ₦445

$0.84 COP 2,727

-61.90%

Public Transport Monthly Pass (Regular Price)

$35.59 ₦49.0K

$40.57 COP 132.1K

-12.28%

Taxi Start (Normal Tariff)

$1.20 ₦1,653

$1.42 COP 4,623

-15.49%

Taxi (Normal Tariff) (1km)

$1.05 ₦1,438

$1.92 COP 6,235

-45.31%

Taxi 1hour Waiting (Normal Tariff)

$3.68 ₦5,062

$7.66 COP 24.9K

-51.96%

Gasoline (1 liter)

$0.54 ₦743

$0.99 COP 3,223

-45.45%

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

$9,612 ₦13.2M

$18.0K COP 58.7M

-46.69%

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

$14.4K ₦19.8M

$26.6K COP 86.7M

-45.86%

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

$21.37 ₦29.4K

$80.8 COP 263.1K

-73.56%

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

$7.64 ₦10.5K

$9.95 COP 32.4K

-23.22%

Internet (50+ Mbps, Unlimited Data)

$20.19 ₦27.8K

$24.18 COP 78.7K

-16.50%

Gym Membership (Monthly)

$30.06 ₦41.3K

$25.08 COP 81.6K

19.86%

Tennis Court (1 Hour on Weekend)

$19.15 COP 62.3K

Cinema Ticket

$2.58 ₦3,555

$3.98 COP 13.0K

-35.18%

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

$49.94 ₦68.7K

$305 COP 993.4K

-83.64%

International Primary School, 1 Child (Yearly)

$1,865 ₦2.6M

$6,059 COP 19.7M

-69.21%

Jeans (Levis 501 Or Similar)

$18.39 ₦25.3K

$58.1 COP 189.2K

-68.36%

Summer Dress (H&M, Zara, etc)

$24.84 ₦34.2K

$32.20 COP 104.8K

-22.86%

Sport Shoes (Adidas, Nike)

$43.22 ₦59.5K

$101 COP 327.9K

-57.09%

Men's Leather Business Shoes

$30.12 ₦41.4K

$108 COP 350.8K

-72.05%

1-bedroom Apartment, City Center (Monthly)

$449 ₦617.8K

$477 COP 1.6M

-5.77%

1-bedroom Apartment, Outside City Center (Monthly)

$423 ₦581.7K

$376 COP 1.2M

12.41%

3-bedroom Apartment, City Center (Monthly)

$1,235 ₦1.7M

$845 COP 2.7M

46.17%

3-bedroom Apartment, Outside City Center (Monthly)

$1,282 ₦1.8M

$730 COP 2.4M

75.57%

Buy Apartment in City Center (m2)

$835 ₦1.1M

$3,215 COP 10.5M

-74.04%

Buy Apartment Outside City Center (m2)

$29.39 ₦40.4K

$1,372 COP 4.5M

-97.86%

Average Monthly Net Salary (After Tax)

$54.9 ₦75.5K

$617 COP 2.0M

-91.10%

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: July 12, 2026

Last update for Medellin: July 12, 2026

Cost Breakdown

A one-bedroom apartment in the center runs $449 in Ibadan and $477 in Medellin. Housing cost is often the main lever when comparing two cities.

Medellin pays 1024% 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: $28.00 in Ibadan vs $33.00 in Medellin for a mid-range dinner for two. Groceries echo the gap at $152 vs $193 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 29% 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, salaries run 1024% lower in Medellin. 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: $449 in Ibadan versus $477 in Medellin. Housing is usually the single largest factor when comparing overall living costs between the two.

Childcare runs $49.94 in Ibadan versus $305 in Medellin. Over years of preschool, even a modest monthly gap compounds into a major financial factor for families.

Supermarket bills run roughly 27% higher in Medellin. For households that cook at home regularly, that difference adds up over a month.

At $800 in Ibadan versus $1,031 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 $800 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 29% less than in Medellin. Beyond cost, consider language, visa policies, and how big the international community is in each city.