Last update: Oct 2026

Cost of Living Comparison Between Ibiza and Medellin

For one person, living is cheaper in Medellin: $1,625 a month against $2,649 in Ibiza, rent and utilities included – about $12,300 less a year. Higher rent and utilities in Ibiza outweigh lower spending on other living expenses.

163

Cost of Living Index in Ibiza
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Ibiza Living Index
79

Cost of Living Index in Medellin
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Medellin Living Index

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Ibiza

🇪🇸 Spain

$2,649

/mo nomad

Medellin

🇨🇴 Colombia

$1,625

/mo nomad

Monthly Cost of Living

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

Monthly costs for one person with rent: $2,649 in Ibiza versus $1,625 in Medellin.

Ibiza $2,649
Medellin $1,625

Estimated couple costs with rent: $3,706 in Ibiza versus $2,412 in Medellin.

Ibiza $3,706
Medellin $2,412

Monthly costs for a family of three with rent: $4,764 in Ibiza versus $3,199 in Medellin.

Ibiza $4,764
Medellin $3,199

Living in Ibiza is roughly 63% more expensive than in Medellin, and outside of rent the biggest gap is in groceries.

Both cities are pricier than the global median: Ibiza 95% above, Medellin 20% above.

Meal at Budget Restaurant

$22.29 €19.83

$8.30 COP 26.3K

168.55%

Three-Course Dinner for Two, Mid-Range

$88.1 €78.4

$46.91 COP 148.7K

87.83%

Fast Food Meal (McDonalds, etc)

$12.52 €11.14

$9.24 COP 29.3K

35.50%

Cappuccino

$3.33 €2.96

$3.05 COP 9,676

9.18%

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

$2.78 €2.47

$1.80 COP 5,707

54.44%

Water (0.33 liter bottle)

$2.47 €2.20

$1.38 COP 4,382

78.99%

Local Beer (0.5 liter draught)

$3.29 €2.93

$3.24 COP 10.3K

1.54%

Imported Beer (0.33 liter bottle)

$4.05 €3.60

$5.56 COP 17.6K

-27.16%

Milk (1 liter)

$1.37 €1.22

$1.50 COP 4,760

-8.67%

White Bread (500g)

$3.26 €2.90

$2.37 COP 7,508

37.55%

Rice (white) (1kg)

$1.70 COP 5,377

Eggs

$2.96 COP 9,379

Local Cheese (1kg)

$20.53 €18.26

$10.22 COP 32.4K

100.88%

Chicken Fillets (1kg)

$9.74 COP 30.9K

Beef Round Steak (1kg)

$13.90 COP 44.1K

Apples (1kg)

$4.13 COP 13.1K

Banana (1kg)

$1.53 COP 4,839

Oranges (1kg)

$2.22 COP 7,052

Tomato (1kg)

$2.27 COP 7,194

Potato (1kg)

$1.99 COP 6,311

Onion (1kg)

$1.67 COP 5,285

Lettuce (1 head)

$1.18 COP 3,742

Water (1.5 liter bottle)

$1.24 COP 3,919

Cigarettes 20 Pack (Marlboro, Camel)

$3.87 COP 12.3K

Wine (Bottle)

$13.78 COP 43.7K

Local Beer (0.5 liter bottle)

$1.32 €1.18

$1.66 COP 5,256

-20.48%

Imported Beer (0.33 liter bottle)

$2.40 COP 7,615

One-way Ticket (Public Transport)

$2.28 €2.03

$1.24 COP 3,944

83.87%

Public Transport Monthly Pass (Regular Price)

$78.2 COP 248.0K

Taxi Start (Normal Tariff)

$4.47 €3.97

$1.28 COP 4,044

249.22%

Taxi (Normal Tariff) (1km)

$1.38 €1.23

$2.15 COP 6,803

-35.81%

Taxi 1hour Waiting (Normal Tariff)

$25.25 €22.46

$8.37 COP 26.5K

201.67%

Gasoline (1 liter)

$1.85 €1.65

$1.35 COP 4,288

37.04%

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

$35.0K €31.2K

$34.8K COP 110.2M

0.74%

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

$28.8K €25.6K

$34.7K COP 110.0M

-16.87%

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

$210 €187

$167 COP 528.4K

26.21%

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

$19.95 €17.74

$13.62 COP 43.2K

46.48%

Internet (50+ Mbps, Unlimited Data)

$31.36 €27.90

$29.12 COP 92.3K

7.69%

Gym Membership (Monthly)

$109 €96.6

$45.09 COP 143.0K

140.96%

Tennis Court (1 Hour on Weekend)

$56.9 €50.6

$17.18 COP 54.5K

231.37%

Cinema Ticket

$16.34 €14.53

$6.97 COP 22.1K

134.43%

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

$818 €728

$790 COP 2.5M

3.53%

International Primary School, 1 Child (Yearly)

$22.8K €20.3K

$9,041 COP 28.7M

151.82%

Jeans (Levis 501 Or Similar)

$41.13 €36.59

$87.8 COP 278.4K

-53.15%

Summer Dress (H&M, Zara, etc)

$58.2 COP 184.4K

Sport Shoes (Adidas, Nike)

$68.1 €60.5

$139 COP 440.7K

-51.03%

Men's Leather Business Shoes

$98.9 COP 313.5K

1-bedroom Apartment, City Center (Monthly)

$2,016 €1,793

$1,028 COP 3.3M

96.05%

1-bedroom Apartment, Outside City Center (Monthly)

$1,760 €1,566

$620 COP 2.0M

184.14%

3-bedroom Apartment, City Center (Monthly)

$4,028 €3,583

$1,881 COP 6.0M

114.18%

3-bedroom Apartment, Outside City Center (Monthly)

$2,672 €2,377

$1,008 COP 3.2M

165.19%

Buy Apartment in City Center (m2)

$7,116 €6,330

$3,988 COP 12.6M

78.44%

Buy Apartment Outside City Center (m2)

$2,699 €2,401

$1,702 COP 5.4M

58.58%

Average Monthly Net Salary (After Tax)

$1,866 €1,660

$663 COP 2.1M

181.28%

20-Year Fixed Mortgage Interest Rate (Annual %)

3.33

10.94

-69.56%

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

Last update for Ibiza: October 18, 2026

Last update for Medellin: October 19, 2026

Monthly budget structure

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

Accommodation & Living

Ibiza

$1.8K 66.5%

Medellin

$619 38.1% 64.8% $1.1K

Eating Out

Ibiza

$301 11.4%

Medellin

$171 10.5% 43.3% $131

Monthly Utilities & Internet

Ibiza

$262 9.9%

Medellin

$209 12.9% 20% $52

Sport & Entertainment

Ibiza

$141 5.3%

Medellin

$59 3.6% 58.2% $82

Groceries & Markets

Ibiza

$115 * 4.3%

Medellin

$298 18.3% 160% $183

Clothing & Footwear

Ibiza

$49 * 1.9%

Medellin

$173 10.6% 252% $124

Getting Around

Ibiza

$20 * 0.8%

Medellin

$95 5.9% 365% $75

Categories marked with * are only partly priced – their share counts the items that do have prices.

Cost Breakdown

A one-bedroom apartment in the center runs $2,016 in Ibiza and $1,028 in Medellin. Housing cost is often the main lever when comparing two cities.

Ibiza pays 181% 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: $88.0 in Ibiza vs $47.00 in Medellin. Groceries flip the comparison at $115 vs $298, with Ibiza cheaper for home cooking.

Good to know

🇪🇸 Ibiza

🇨🇴 Medellin

🕒 Local time

21:32 9:32 PM

14:32 2:32 PM

7 h behind Ibiza

🌤 Weather

👥 Population

49,727

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 20, 2026: 1 USD = 0.889 EUR (1 EUR = 1.12 USD).

Colombian Peso exchange rates as of October 20, 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 →

On the map

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Between locations

Ibiza Medellin 8,450 km ≈ 11 h nonstop flight

From you

Ibiza
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

Ibiza vs Medellin: Cost of Living - Frequently Asked Questions

Ibiza and Medellin differ by about 63% in total monthly costs ($2,649 vs $1,625 including rent). Medellin is meaningfully more affordable – a gap that matters a lot on a fixed or modest income.

Average pay runs 181% higher in Ibiza, 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: $2,016 in Ibiza versus $1,028 in Medellin. Housing is usually the single largest factor when comparing overall living costs between the two.

Childcare runs $818 in Ibiza versus $790 in Medellin. Over years of preschool, even a modest monthly gap compounds into a major financial factor for families.

Dining out is cheaper in Medellin – a meal for two runs $47.00 versus $88.0 in Ibiza. If you eat out regularly, this makes a real dent in your monthly spending.

At $1,625 in Medellin versus $2,649 in Ibiza, a $2,500 budget is realistic in Medellin but tight or insufficient in Ibiza. 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.

Safety-wise, Ibiza 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 63% less than in Ibiza. Beyond cost, consider language, visa policies, and how big the international community is in each city.