Last update: Nov 2026

Cost of Living Comparison Between Isla de Margarita and Medellin

For one person, living is cheaper in Isla de Margarita: $654 a month against $1,692 in Medellin, rent and utilities included – about $12,500 less a year. Rent and utilities account for most of the difference.

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Cost of Living Index in Medellin
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Medellin Living Index

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Isla de Margarita

🇻🇪 Venezuela

$654

/mo nomad

Medellin

🇨🇴 Colombia

$1,692

/mo nomad

Monthly Cost of Living

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

A single person spends $654 per month in Isla de Margarita vs $1,692 in Medellin, rent included.

Isla de Margarita $654
Medellin $1,692

A couple spends around $1,221 per month in Isla de Margarita vs $2,471 in Medellin, rent included.

Isla de Margarita $1,221
Medellin $2,471

A family of three spends $1,788 per month in Isla de Margarita vs $3,249 in Medellin, rent included.

Isla de Margarita $1,788
Medellin $3,249

Isla de Margarita is about 61% cheaper than Medellin, and outside of rent the biggest gap is in transport.

Isla de Margarita sits 52% below the global median, while Medellin is 25% above – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$9.83 VES 8,778

$8.34 COP 26.9K

17.87%

Three-Course Dinner for Two, Mid-Range

$81.0 VES 72.3K

$46.53 COP 150.3K

74.06%

Fast Food Meal (McDonalds, etc)

$9.47 COP 30.6K

Cappuccino

$2.55 VES 2,279

$3.13 COP 10.1K

-18.53%

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

$0.98 VES 875

$1.77 COP 5,704

-44.63%

Water (0.33 liter bottle)

$1.47 VES 1,317

$1.42 COP 4,600

3.52%

Local Beer (0.5 liter draught)

$0.98 VES 876

$3.15 COP 10.2K

-68.89%

Imported Beer (0.33 liter bottle)

$3.04 VES 2,715

$5.70 COP 18.4K

-46.67%

Milk (1 liter)

$1.96 VES 1,746

$1.53 COP 4,949

28.10%

White Bread (500g)

$2.96 VES 2,640

$2.29 COP 7,399

29.26%

Rice (white) (1kg)

$2.05 VES 1,834

$1.94 COP 6,281

5.67%

Eggs

$2.45 VES 2,184

$3.07 COP 9,902

-20.20%

Local Cheese (1kg)

$7.93 VES 7,078

$9.99 COP 32.3K

-20.62%

Chicken Fillets (1kg)

$8.21 VES 7,326

$10.45 COP 33.7K

-21.44%

Beef Round Steak (1kg)

$8.05 VES 7,186

$13.96 COP 45.1K

-42.34%

Apples (1kg)

$4.11 VES 3,669

$4.05 COP 13.1K

1.48%

Banana (1kg)

$1.51 VES 1,350

$1.53 COP 4,936

-1.31%

Oranges (1kg)

$1.99 VES 1,775

$2.10 COP 6,795

-5.24%

Tomato (1kg)

$2.55 VES 2,276

$2.29 COP 7,407

11.35%

Potato (1kg)

$1.46 VES 1,304

$2.11 COP 6,812

-30.81%

Onion (1kg)

$1.78 VES 1,593

$1.71 COP 5,519

4.09%

Lettuce (1 head)

$1.02 VES 908

$1.17 COP 3,779

-12.82%

Water (1.5 liter bottle)

$1.58 COP 5,102

Cigarettes 20 Pack (Marlboro, Camel)

$3.91 COP 12.6K

Wine (Bottle)

$4.98 VES 4,445

$14.04 COP 45.4K

-64.53%

Local Beer (0.5 liter bottle)

$0.97 VES 868

$1.76 COP 5,689

-44.89%

Imported Beer (0.33 liter bottle)

$1.54 VES 1,372

$2.71 COP 8,758

-43.17%

One-way Ticket (Public Transport)

$1.18 COP 3,810

Public Transport Monthly Pass (Regular Price)

$76.3 COP 246.4K

Taxi Start (Normal Tariff)

$2.92 VES 2,610

$1.81 COP 5,835

61.33%

Taxi (Normal Tariff) (1km)

$2.97 VES 2,648

$2.13 COP 6,876

39.44%

Taxi 1hour Waiting (Normal Tariff)

$8.13 COP 26.3K

Gasoline (1 liter)

$1.28 COP 4,118

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

$34.4K COP 111.2M

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

$34.1K COP 110.2M

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

$29.62 VES 26.4K

$178 COP 573.9K

-83.33%

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

$14.73 VES 13.1K

$13.89 COP 44.8K

6.05%

Internet (50+ Mbps, Unlimited Data)

$40.41 VES 36.1K

$30.74 COP 99.3K

31.46%

Gym Membership (Monthly)

$49.69 VES 44.4K

$41.94 COP 135.4K

18.48%

Tennis Court (1 Hour on Weekend)

$15.05 VES 13.4K

$16.80 COP 54.3K

-10.42%

Cinema Ticket

$4.99 VES 4,450

$7.47 COP 24.1K

-33.20%

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

$790 COP 2.6M

International Primary School, 1 Child (Yearly)

$12.3K COP 39.7M

Jeans (Levis 501 Or Similar)

$78.7 VES 70.3K

$86.3 COP 278.8K

-8.80%

Summer Dress (H&M, Zara, etc)

$59.3 COP 191.4K

Sport Shoes (Adidas, Nike)

$101 VES 90.2K

$138 COP 446.7K

-26.98%

Men's Leather Business Shoes

$99.8 VES 89.1K

$98.8 COP 319.1K

0.97%

1-bedroom Apartment, City Center (Monthly)

$296 VES 264.0K

$1,341 COP 4.3M

-77.95%

1-bedroom Apartment, Outside City Center (Monthly)

$667 COP 2.2M

3-bedroom Apartment, City Center (Monthly)

$508 VES 453.9K

$1,976 COP 6.4M

-74.26%

3-bedroom Apartment, Outside City Center (Monthly)

$1,033 COP 3.3M

Buy Apartment in City Center (m2)

$605 VES 540.3K

$4,098 COP 13.2M

-85.23%

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 Isla de Margarita: November 3, 2026

Last update for Medellin: November 2, 2026

Monthly budget structure

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

Accommodation & Living

Isla de Margarita

–

Medellin

$667 39.4%

Groceries & Markets

Isla de Margarita

–

Medellin

$307 18.2%

Monthly Utilities & Internet

Isla de Margarita

–

Medellin

$222 13.1%

Eating Out

Isla de Margarita

–

Medellin

$173 10.2%

Clothing & Footwear

Isla de Margarita

–

Medellin

$172 10.2%

Getting Around

Isla de Margarita

–

Medellin

$93 5.5%

Sport & Entertainment

Isla de Margarita

–

Medellin

$57 3.4%

Cost Breakdown

A central one-bedroom costs $296 in Isla de Margarita versus $1,341 in Medellin. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

A mid-range dinner for two costs $81 in Isla de Margarita versus $47 in Medellin. Groceries tell a different story – $236 in Isla de Margarita vs $307 in Medellin – so Isla de Margarita wins on supermarket bills even if dining out costs more.

Good to know

🇻🇪 Isla de Margarita

🇨🇴 Medellin

🕒 Local time

12:37 12:37 PM

11:37 11:37 AM

1 h behind Isla de Margarita

🌤 Weather

👥 Population

90,387

2,486,723

💱 Currency

Venezuelan Bolívar VES Bs.S

Colombian Peso COP $

📈 Exchange rate

10,000 VES = 11.2 USD

10,000 VES = 9.97 EUR

10,000 COP = 3.1 USD

10,000 COP = 2.76 EUR

Exchange rates and currency converter

COP, USD, EUR to VES – Venezuelan Bolívar Converter

🇺🇸 United States Dollar ($)

🇻🇪 Venezuelan Bolívar (Bs.S)

Venezuelan Bolívar exchange rates as of November 6, 2026: 1 USD = 893 VES (1,000 VES = 1.12 USD). 1 EUR = 1,003 VES (10,000 VES = 9.97 EUR).

Colombian Peso exchange rates as of November 6, 2026: 1 USD = 3,229 COP (10,000 COP = 3.1 USD). 1 EUR = 3,627 COP (10,000 COP = 2.76 EUR).

USD to VES in detail →

On the map

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Between locations

Isla de Margarita Medellin 1,390 km ≈ 2 h 15 min nonstop flight

From you

Isla de Margarita
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

Isla de Margarita vs Medellin: Cost of Living - Frequently Asked Questions

Yes – Medellin is pricier by about 159%, and outside of rent the gap shows up most in transport.

For a comfortable life, plan on about $982 per month in Isla de Margarita and $2,538 in Medellin. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Isla de Margarita, especially for central apartments: a one-bedroom in the center costs $296 there versus $1,341 in Medellin.

Groceries cost about 30% more in Medellin, though the gap depends on what you buy.

A mid-range dinner for two costs $81 in Isla de Margarita and $47 in Medellin. That’s a good indicator of the overall restaurant and café pricing gap between the two cities.

A $1,000 monthly budget goes further in Isla de Margarita, where all-in costs run around $654, than in Medellin at $1,692. In Isla de Margarita 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 $654 in Isla de Margarita to $1,692 in Medellin. Climate, culture, job market, and personal taste all factor in.