Last update: Oct 2026

Cost of Living Comparison Between Ife and Medellin

For one person, living is cheaper in Ife: $79.8 a month against $1,692 in Medellin, rent and utilities included – about $19,300 less a year. Rent and utilities account for about half of the difference.

80

Cost of Living Index in Medellin
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Medellin Living Index

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Ife

🇳🇬 Nigeria

$79.8

/mo nomad

Medellin

🇨🇴 Colombia

$1,692

/mo nomad

Monthly Cost of Living

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

A single person spends $80 per month in Ife vs $1,692 in Medellin, rent included.

Ife $80
Medellin $1,692

A couple spends around $107 per month in Ife vs $2,471 in Medellin, rent included.

Ife $107
Medellin $2,471

A family of three spends $134 per month in Ife vs $3,249 in Medellin, rent included.

Ife $134
Medellin $3,249

Ife is about 95% cheaper than Medellin, and outside of rent the biggest gap is in groceries.

Ife sits 94% below the global median, while Medellin is 25% above – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$2.05 ₦2,756

$8.34 COP 26.9K

-75.42%

Three-Course Dinner for Two, Mid-Range

$46.53 COP 150.1K

Fast Food Meal (McDonalds, etc)

$5.88 ₦7,903

$9.47 COP 30.5K

-37.91%

Cappuccino

$3.13 COP 10.1K

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

$0.48 ₦642

$1.77 COP 5,696

-72.88%

Water (0.33 liter bottle)

$0.29 ₦385

$1.42 COP 4,594

-79.58%

Local Beer (0.5 liter draught)

$3.15 COP 10.2K

Imported Beer (0.33 liter bottle)

$5.70 COP 18.4K

Milk (1 liter)

$1.53 COP 4,943

White Bread (500g)

$2.29 COP 7,389

Rice (white) (1kg)

$1.94 COP 6,273

Eggs

$1.78 ₦2,396

$3.07 COP 9,889

-42.02%

Local Cheese (1kg)

$9.99 COP 32.2K

Chicken Fillets (1kg)

$10.45 COP 33.7K

Beef Round Steak (1kg)

$13.96 COP 45.0K

Apples (1kg)

$4.05 COP 13.1K

Banana (1kg)

$1.53 COP 4,929

Oranges (1kg)

$2.10 COP 6,786

Tomato (1kg)

$2.29 COP 7,397

Potato (1kg)

$2.11 COP 6,803

Onion (1kg)

$1.71 COP 5,512

Lettuce (1 head)

$1.17 COP 3,774

Water (1.5 liter bottle)

$1.58 COP 5,096

Cigarettes 20 Pack (Marlboro, Camel)

$3.91 COP 12.6K

Wine (Bottle)

$14.04 COP 45.3K

Local Beer (0.5 liter bottle)

$1.76 COP 5,682

Imported Beer (0.33 liter bottle)

$2.71 COP 8,746

One-way Ticket (Public Transport)

$1.18 COP 3,805

Public Transport Monthly Pass (Regular Price)

$76.3 COP 246.0K

Taxi Start (Normal Tariff)

$1.81 COP 5,827

Taxi (Normal Tariff) (1km)

$2.13 COP 6,867

Taxi 1hour Waiting (Normal Tariff)

$8.13 COP 26.2K

Gasoline (1 liter)

$1.28 COP 4,113

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

$34.4K COP 111.1M

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

$34.1K COP 110.1M

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

$29.73 ₦40.0K

$178 COP 573.2K

-83.27%

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

$5.84 ₦7,848

$13.89 COP 44.8K

-57.96%

Internet (50+ Mbps, Unlimited Data)

$30.74 COP 99.1K

Gym Membership (Monthly)

$41.94 COP 135.3K

Tennis Court (1 Hour on Weekend)

$16.80 COP 54.2K

Cinema Ticket

$7.47 COP 24.1K

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

$790 COP 2.5M

International Primary School, 1 Child (Yearly)

$12.3K COP 39.7M

Jeans (Levis 501 Or Similar)

$86.3 COP 278.4K

Summer Dress (H&M, Zara, etc)

$59.3 COP 191.1K

Sport Shoes (Adidas, Nike)

$138 COP 446.2K

Men's Leather Business Shoes

$98.8 COP 318.7K

1-bedroom Apartment, City Center (Monthly)

$1,341 COP 4.3M

1-bedroom Apartment, Outside City Center (Monthly)

$667 COP 2.2M

3-bedroom Apartment, City Center (Monthly)

$1,976 COP 6.4M

3-bedroom Apartment, Outside City Center (Monthly)

$1,033 COP 3.3M

Buy Apartment in City Center (m2)

$4,098 COP 13.2M

Buy Apartment Outside City Center (m2)

$1,940 COP 6.3M

Average Monthly Net Salary (After Tax)

$646 COP 2.1M

20-Year Fixed Mortgage Interest Rate (Annual %)

10.94

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

Last update for Ife: October 31, 2026

Last update for Medellin: November 2, 2026

Monthly budget structure

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

Accommodation & Living

Ife

–

Medellin

$667 39.4%

Groceries & Markets

Ife

–

Medellin

$307 18.2%

Monthly Utilities & Internet

Ife

–

Medellin

$222 13.1%

Eating Out

Ife

–

Medellin

$173 10.2%

Clothing & Footwear

Ife

–

Medellin

$172 10.2%

Getting Around

Ife

–

Medellin

$93 5.5%

Sport & Entertainment

Ife

–

Medellin

$57 3.4%

Good to know

🇳🇬 Ife

🇨🇴 Medellin

🕒 Local time

20:40 8:40 PM

14:40 2:40 PM

6 h behind Ife

🌤 Weather

👥 Population

501,952

2,486,723

💱 Currency

Nigerian Naira NGN ₦

Colombian Peso COP $

📈 Exchange rate

10,000 NGN = 7.44 USD

10,000 NGN = 6.62 EUR

10,000 COP = 3.1 USD

10,000 COP = 2.76 EUR

Exchange rates and currency converter

COP, USD, EUR to NGN – Nigerian Naira Converter

🇺🇸 United States Dollar ($)

🇳🇬 Nigerian Naira (₦)

Nigerian Naira exchange rates as of November 5, 2026: 1 USD = 1,345 NGN (10,000 NGN = 7.44 USD). 1 EUR = 1,510 NGN (10,000 NGN = 6.62 EUR).

Colombian Peso exchange rates as of November 5, 2026: 1 USD = 3,225 COP (10,000 COP = 3.1 USD). 1 EUR = 3,620 COP (10,000 COP = 2.76 EUR).

USD to NGN in detail →

On the map

Lowest

Highest

Between locations

Ife Medellin 8,840 km ≈ 12 h nonstop flight

From you

Ife
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

Ife vs Medellin: Cost of Living - Frequently Asked Questions

Monthly costs with rent: $80 in Ife, $1,692 in Medellin – Ife comes out roughly 95% cheaper. Outside of rent, the biggest gap is in groceries.

For a comfortable life, plan on about $120 per month in Ife and $2,538 in Medellin. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Monthly expenses with rent come to $80 in Ife and $1,692 in Medellin. That makes Ife about 95% cheaper.

Groceries cost about 4211% more in Medellin, though the gap depends on what you buy.

A $1,200 monthly budget goes further in Ife, where all-in costs run around $80, than in Medellin at $1,692. In Ife it covers expenses comfortably, while in Medellin it requires careful planning or may not stretch far enough.

It depends on your priorities. Medellin has an edge in some lifestyle areas, with costs from $80 in Ife to $1,692 in Medellin. Climate, culture, job market, and personal taste all factor in.