Last update: Oct 2026

Cost of Living Comparison Between Key West, FL and Medellin

For one person, living is cheaper in Medellin: $1,614 a month against $4,808 in Key West, FL, rent and utilities included – about $38,300 less a year. Rent and utilities account for most of the difference.

233

Cost of Living Index in Key West, FL
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Key West, FL Living Index
79

Cost of Living Index in Medellin
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Medellin Living Index

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Key West, FL

🇺🇸 United States

$4,808

/mo nomad

Medellin

🇨🇴 Colombia

$1,614

/mo nomad

Monthly Cost of Living

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

A single person spends $4,808 per month in Key West, FL vs $1,614 in Medellin, rent included.

Key West, FL $4,808
Medellin $1,614

A couple spends around $7,043 per month in Key West, FL vs $2,402 in Medellin, rent included.

Key West, FL $7,043
Medellin $2,402

A family of three spends $9,278 per month in Key West, FL vs $3,190 in Medellin, rent included.

Key West, FL $9,278
Medellin $3,190

Key West, FL costs about 198% more than Medellin, and outside of rent the biggest gap is in groceries.

Both Key West, FL and Medellin sit above the global median – Key West, FL by 256%, Medellin by 20%.

Meal at Budget Restaurant

$22.31 $22.31

$7.93 COP 25.2K

181.34%

Three-Course Dinner for Two, Mid-Range

$98.3 $98.3

$46.13 COP 146.3K

113.12%

Fast Food Meal (McDonalds, etc)

$11.87 $11.87

$9.50 COP 30.1K

24.95%

Cappuccino

$4.56 $4.56

$3.11 COP 9,866

46.62%

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

$2.26 $2.26

$1.83 COP 5,800

23.50%

Water (0.33 liter bottle)

$1.90 $1.90

$1.38 COP 4,360

37.68%

Local Beer (0.5 liter draught)

$5.85 $5.85

$3.05 COP 9,672

91.80%

Imported Beer (0.33 liter bottle)

$6.84 $6.84

$5.50 COP 17.4K

24.36%

Milk (1 liter)

$0.99 $0.99

$1.45 COP 4,600

-31.72%

White Bread (500g)

$3.68 $3.68

$2.36 COP 7,496

55.93%

Rice (white) (1kg)

$6.74 $6.74

$1.68 COP 5,328

301.19%

Eggs

$5.16 $5.16

$2.86 COP 9,077

80.42%

Local Cheese (1kg)

$11.61 $11.61

$10.19 COP 32.3K

13.94%

Chicken Fillets (1kg)

$13.34 $13.34

$9.53 COP 30.2K

39.98%

Beef Round Steak (1kg)

$23.97 $23.97

$14.04 COP 44.5K

70.73%

Apples (1kg)

$4.81 $4.81

$4.07 COP 12.9K

18.18%

Banana (1kg)

$1.86 $1.86

$1.50 COP 4,742

24.00%

Oranges (1kg)

$3.67 $3.67

$2.17 COP 6,891

69.12%

Tomato (1kg)

$5.17 $5.17

$2.31 COP 7,310

123.81%

Potato (1kg)

$5.93 $5.93

$1.93 COP 6,113

207.25%

Onion (1kg)

$3.33 $3.33

$1.64 COP 5,196

103.05%

Lettuce (1 head)

$3.60 $3.60

$1.13 COP 3,571

218.58%

Water (1.5 liter bottle)

$2.65 $2.65

$1.25 COP 3,954

112.00%

Cigarettes 20 Pack (Marlboro, Camel)

$8.18 $8.18

$3.99 COP 12.6K

105.01%

Wine (Bottle)

$14.18 $14.18

$13.35 COP 42.3K

6.22%

Local Beer (0.5 liter bottle)

$1.99 $1.99

$1.70 COP 5,384

17.06%

Imported Beer (0.33 liter bottle)

$2.38 $2.38

$2.37 COP 7,525

0.42%

One-way Ticket (Public Transport)

$3.98 $3.98

$1.21 COP 3,827

228.93%

Public Transport Monthly Pass (Regular Price)

$76.5 COP 242.5K

Taxi Start (Normal Tariff)

$3.90 $3.90

$1.32 COP 4,179

195.45%

Taxi (Normal Tariff) (1km)

$3.12 $3.12

$2.14 COP 6,774

45.79%

Taxi 1hour Waiting (Normal Tariff)

$30.20 $30.20

$8.47 COP 26.8K

256.55%

Gasoline (1 liter)

$0.91 $0.91

$1.30 COP 4,114

-30.00%

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

$36.5K $36.5K

$28.0K COP 88.7M

30.35%

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

$25.8K $25.8K

$35.4K COP 112.3M

-27.02%

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

$215 $215

$172 COP 545.6K

25.01%

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

$54.4 $54.4

$13.37 COP 42.4K

306.66%

Internet (50+ Mbps, Unlimited Data)

$73.3 $73.3

$28.73 COP 91.1K

155.24%

Gym Membership (Monthly)

$79.6 $79.6

$45.24 COP 143.5K

75.95%

Tennis Court (1 Hour on Weekend)

$17.04 COP 54.0K

Cinema Ticket

$14.05 $14.05

$6.28 COP 19.9K

123.73%

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

$1,090 $1,090

$770 COP 2.4M

41.49%

International Primary School, 1 Child (Yearly)

$20.7K $20.7K

$9,011 COP 28.6M

129.96%

Jeans (Levis 501 Or Similar)

$47.58 $47.58

$86.4 COP 274.0K

-44.94%

Summer Dress (H&M, Zara, etc)

$41.78 $41.78

$57.1 COP 181.1K

-26.87%

Sport Shoes (Adidas, Nike)

$71.7 $71.7

$137 COP 432.9K

-47.45%

Men's Leather Business Shoes

$69.1 $69.1

$97.9 COP 310.4K

-29.41%

1-bedroom Apartment, City Center (Monthly)

$3,436 $3,436

$1,055 COP 3.3M

225.65%

1-bedroom Apartment, Outside City Center (Monthly)

$3,432 $3,432

$616 COP 2.0M

457.39%

3-bedroom Apartment, City Center (Monthly)

$7,122 $7,122

$1,892 COP 6.0M

276.37%

3-bedroom Apartment, Outside City Center (Monthly)

$6,144 $6,144

$1,023 COP 3.2M

500.66%

Buy Apartment in City Center (m2)

$9,644 $9,644

$4,059 COP 12.9M

137.59%

Buy Apartment Outside City Center (m2)

$9,886 $9,886

$1,678 COP 5.3M

489.04%

Average Monthly Net Salary (After Tax)

$5,967 $5,967

$652 COP 2.1M

814.73%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.38

10.94

-41.68%

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

Last update for Key West, FL: October 13, 2026

Last update for Medellin: October 12, 2026

Monthly budget structure

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

Accommodation & Living

Key West, FL

$3.4K 71.4%

Medellin

$616 38.2% 82.1% $2.8K

Groceries & Markets

Key West, FL

$457 9.5%

Medellin

$295 18.3% 35.6% $163

Monthly Utilities & Internet

Key West, FL

$343 7.1%

Medellin

$214 13.3% 37.5% $129

Eating Out

Key West, FL

$328 6.8%

Medellin

$168 10.4% 48.7% $160

Sport & Entertainment

Key West, FL

$108 2.2%

Medellin

$58 3.6% 46.3% $50

Clothing & Footwear

Key West, FL

$104 2.2%

Medellin

$170 10.5% 64.2% $66

Getting Around

Key West, FL

$35 * 0.7%

Medellin

$93 5.8% 163% $58

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

Cost Breakdown

A central one-bedroom costs $3,436 in Key West, FL versus $1,055 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 815% 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 $98.0 in Key West, FL versus $46.00 in Medellin. Monthly groceries follow the same trend: $457 vs $295 – making Medellin the more affordable choice for daily food spending.

Good to know

🇺🇸 Key West, FL

🇨🇴 Medellin

🕒 Local time

18:05 6:05 PM

17:05 5:05 PM

1 h behind Key West, FL

🌤 Weather

👥 Population

24,684

2,486,723

💱 Currency

United States Dollar USD $

Colombian Peso COP $

📈 Exchange rate

1 USD = 0.89 EUR

10,000 COP = 3.15 USD

10,000 COP = 2.81 EUR

Exchange rates and currency converter

COP, EUR to USD – United States Dollar Converter

🇨🇴 Colombian Peso ($)

🇺🇸 United States Dollar ($)

United States Dollar exchange rates as of October 18, 2026: 1 EUR = 1.12 USD (1 USD = 0.89 EUR).

Colombian Peso exchange rates as of October 18, 2026: 1 USD = 3,171 COP (10,000 COP = 3.15 USD). 1 EUR = 3,565 COP (10,000 COP = 2.81 EUR).

COP to USD in detail →

On the map

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Between locations

Key West, FL Medellin 2,140 km ≈ 3 h 15 min nonstop flight

From you

Key West, FL
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

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

Yes – Key West, FL is pricier by about 198%, and outside of rent the gap shows up most in groceries.

For a comfortable life, plan on about $7,211 per month in Key West, FL and $2,421 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 $98.0 in Key West, FL and $46.00 in Medellin. That's a good indicator of the overall restaurant and café pricing gap between the two cities.

Groceries cost about 55% 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 $2,500 monthly budget goes further in Medellin, where all-in costs run around $1,614, than in Key West, FL at $4,808. 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.