Cost of Living Comparison Between Key West, FL and Medellin Cost of Living Comparison Between Key West, FL and Medellin

Monthly Cost of Living

A single person spends $4,812 per month in Key West, FL vs $1,013 in Medellin, rent included.

A couple spends around $6,960 per month in Key West, FL vs $1,602 in Medellin, rent included.

A family of three spends $9,109 per month in Key West, FL vs $2,192 in Medellin, rent included.

Key West, FL costs about 375% more than Medellin, driven mainly by Groceries & Markets.

Key West, FL sits 259% above the global median, while Medellin is 24% below – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$22.88 $22.88

$5.99 COP 21.4K

281.97%

Three-Course Dinner for Two, Mid-Range

$86.3 $86.3

$32.86 COP 117.4K

162.69%

Fast Food Meal (McDonalds, etc)

$12.14 $12.14

$7.09 COP 25.3K

71.23%

Cappuccino

$4.42 $4.42

$1.71 COP 6,115

158.48%

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

$2.51 $2.51

$1.10 COP 3,924

128.18%

Water (0.33 liter bottle)

$2.08 $2.08

$0.78 COP 2,781

166.67%

Local Beer (0.5 liter draught)

$5.92 $5.92

$1.68 COP 5,997

252.38%

Imported Beer (0.33 liter bottle)

$7.43 $7.43

$3.07 COP 11.0K

142.02%

Milk (1 liter)

$1.10 $1.10

$1.09 COP 3,906

0.92%

White Bread (500g)

$3.71 $3.71

$1.26 COP 4,508

194.44%

Rice (white) (1kg)

$3.86 $3.86

$1.38 COP 4,922

179.71%

Eggs

$4.77 $4.77

$2.19 COP 7,827

117.81%

Local Cheese (1kg)

$11.36 $11.36

$4.40 COP 15.7K

158.18%

Chicken Fillets (1kg)

$13.58 $13.58

$5.63 COP 20.1K

141.21%

Beef Round Steak (1kg)

$27.84 $27.84

$8.89 COP 31.8K

213.16%

Apples (1kg)

$5.00 $5.00

$2.34 COP 8,349

113.68%

Banana (1kg)

$1.79 $1.79

$1.06 COP 3,777

68.87%

Oranges (1kg)

$4.54 $4.54

$1.50 COP 5,374

202.67%

Tomato (1kg)

$6.32 $6.32

$1.38 COP 4,924

357.97%

Potato (1kg)

$6.07 $6.07

$1.15 COP 4,111

427.83%

Onion (1kg)

$8.60 $8.60

$1.16 COP 4,155

641.38%

Lettuce (1 head)

$3.54 $3.54

$0.89 COP 3,182

297.75%

Water (1.5 liter bottle)

$3.16 $3.16

$0.84 COP 2,997

276.19%

Cigarettes 20 Pack (Marlboro, Camel)

$7.80 $7.80

$2.28 COP 8,145

242.11%

Wine (Bottle)

$14.16 $14.16

$10.64 COP 38.0K

33.08%

Local Beer (0.5 liter bottle)

$1.99 $1.99

$1.20 COP 4,284

65.83%

Imported Beer (0.33 liter bottle)

$2.27 $2.27

$2.47 COP 8,824

-8.10%

One-way Ticket (Public Transport)

$3.91 $3.91

$0.86 COP 3,056

354.65%

Public Transport Monthly Pass (Regular Price)

$41.40 COP 147.9K

Taxi Start (Normal Tariff)

$4.10 $4.10

$1.47 COP 5,264

178.91%

Taxi (Normal Tariff) (1km)

$1.52 $1.52

$1.96 COP 7,009

-22.45%

Taxi 1hour Waiting (Normal Tariff)

$29.71 $29.71

$7.74 COP 27.6K

283.85%

Gasoline (1 liter)

$0.82 $0.82

$0.95 COP 3,409

-13.68%

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

$25.1K $25.1K

$18.1K COP 64.7M

38.68%

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

$23.9K $23.9K

$26.5K COP 94.6M

-9.71%

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

$244 $244

$82.3 COP 293.7K

197.17%

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

$48.41 $48.41

$9.50 COP 33.9K

409.58%

Internet (50+ Mbps, Unlimited Data)

$68.7 $68.7

$24.23 COP 86.5K

183.37%

Gym Membership (Monthly)

$79.4 $79.4

$25.89 COP 92.4K

206.57%

Tennis Court (1 Hour on Weekend)

$19.00 COP 67.9K

Cinema Ticket

$13.89 $13.89

$3.93 COP 14.0K

253.44%

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

$1,252 $1,252

$309 COP 1.1M

304.58%

International Primary School, 1 Child (Yearly)

$23.2K $23.2K

$5,965 COP 21.3M

288.62%

Jeans (Levis 501 Or Similar)

$31.88 $31.88

$58.7 COP 209.5K

-45.65%

Summer Dress (H&M, Zara, etc)

$41.43 $41.43

$32.35 COP 115.5K

28.07%

Sport Shoes (Adidas, Nike)

$65.4 $65.4

$103 COP 366.4K

-36.26%

Men's Leather Business Shoes

$61.2 $61.2

$108 COP 387.2K

-43.52%

1-bedroom Apartment, City Center (Monthly)

$3,435 $3,435

$476 COP 1.7M

621.46%

1-bedroom Apartment, Outside City Center (Monthly)

$3,425 $3,425

$379 COP 1.4M

804.29%

3-bedroom Apartment, City Center (Monthly)

$7,149 $7,149

$838 COP 3.0M

752.88%

3-bedroom Apartment, Outside City Center (Monthly)

$5,999 $5,999

$724 COP 2.6M

728.70%

Buy Apartment in City Center (m2)

$9,876 $9,876

$2,791 COP 10.0M

253.93%

Buy Apartment Outside City Center (m2)

$9,710 $9,710

$1,211 COP 4.3M

701.62%

Average Monthly Net Salary (After Tax)

$5,852 $5,852

$512 COP 1.8M

1043.49%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.39

13.43

-52.42%

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

Last update for Key West, FL: May 30, 2026

Last update for Medellin: May 31, 2026

Cost Breakdown

A central one-bedroom costs $3,435 in Key West, FL versus $476 in Medellin. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

Salaries run about 1043% higher in Key West, FL, which partly offsets the higher cost of living there. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $86.0 in Key West, FL versus $33.00 in Medellin. Monthly groceries follow the same trend: $484 vs $188 – making Medellin the more affordable choice for daily food spending.

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

Key West, FL vs Medellin: Cost of Living - Frequently Asked Questions

Yes – Key West, FL is pricier by about 375%, and the gap shows up most in Groceries & Markets. It's not just housing either; the difference applies across most spending categories.

For a comfortable life, plan on about $7,217 per month in Key West, FL and $1,519 in Medellin. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Medellin, especially for central apartments. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

A mid-range dinner for two costs $86.0 in Key West, FL and $33.00 in Medellin. That's a good indicator of the overall restaurant and café pricing gap between the two cities.

Groceries cost about 157% more in Key West, FL, though it depends on what you buy. Local produce may be comparable; imported and premium items show the biggest price gap.

A $1,500 monthly budget goes further in Medellin, where all-in costs run around $1,013, than in Key West, FL at $4,812. In Medellin it covers expenses comfortably, while in Key West, FL it requires careful planning or may not stretch far enough.

Families tend to lean toward Medellin – lower housing and cheaper childcare make a real difference, especially on a single income or when paying for private education.

If budget matters most, go with Medellin. If higher salaries, better infrastructure, or specific career opportunities are the priority, Key West, FL makes more sense. Both are solid long-term options with distinct trade-offs.