Cost of Living Comparison Between Lanzarote and Medellin Cost of Living Comparison Between Lanzarote and Medellin

Monthly Cost of Living

A single person spends $1,630 per month in Lanzarote vs $1,028 in Medellin, rent included.

A couple spends around $2,408 per month in Lanzarote vs $1,586 in Medellin, rent included.

A family of three spends $3,187 per month in Lanzarote vs $2,144 in Medellin, rent included.

Lanzarote costs about 58% more than Medellin, driven mainly by Groceries & Markets.

Lanzarote sits 22% above the global median, while Medellin is 23% below – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$12.03 €10.36

$6.00 COP 20.6K

100.50%

Three-Course Dinner for Two, Mid-Range

$58.8 €50.6

$32.84 COP 112.5K

79.02%

Fast Food Meal (McDonalds, etc)

$10.59 €9.12

$7.42 COP 25.4K

42.72%

Cappuccino

$2.21 €1.91

$1.65 COP 5,659

33.94%

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

$2.13 €1.84

$1.07 COP 3,663

99.07%

Water (0.33 liter bottle)

$1.21 €1.04

$0.76 COP 2,607

59.21%

Local Beer (0.5 liter draught)

$2.85 €2.45

$1.72 COP 5,908

65.70%

Imported Beer (0.33 liter bottle)

$4.25 €3.66

$3.20 COP 11.0K

32.81%

Milk (1 liter)

$1.20 €1.03

$1.05 COP 3,597

14.29%

White Bread (500g)

$1.39 €1.20

$1.31 COP 4,479

6.11%

Rice (white) (1kg)

$2.16 €1.86

$1.34 COP 4,591

61.19%

Eggs

$3.26 €2.81

$2.19 COP 7,521

48.86%

Local Cheese (1kg)

$11.62 €10.01

$4.41 COP 15.1K

163.49%

Chicken Fillets (1kg)

$10.20 €8.78

$5.69 COP 19.5K

79.26%

Beef Round Steak (1kg)

$17.17 €14.79

$8.52 COP 29.2K

101.53%

Apples (1kg)

$2.44 €2.10

$2.34 COP 8,023

4.27%

Banana (1kg)

$2.42 €2.09

$1.11 COP 3,804

118.02%

Oranges (1kg)

$2.24 €1.93

$1.52 COP 5,210

47.37%

Tomato (1kg)

$2.50 €2.15

$1.37 COP 4,680

82.48%

Potato (1kg)

$1.76 €1.52

$1.15 COP 3,950

53.04%

Onion (1kg)

$2.80 €2.41

$1.18 COP 4,043

137.29%

Lettuce (1 head)

$1.87 €1.61

$0.84 COP 2,885

122.62%

Water (1.5 liter bottle)

$0.92 €0.79

$0.86 COP 2,931

6.98%

Cigarettes 20 Pack (Marlboro, Camel)

$4.76 €4.10

$2.26 COP 7,753

110.62%

Wine (Bottle)

$6.80 €5.85

$11.60 COP 39.8K

-41.38%

Local Beer (0.5 liter bottle)

$1.60 €1.38

$1.20 COP 4,109

33.33%

Imported Beer (0.33 liter bottle)

$3.78 €3.25

$2.48 COP 8,484

52.42%

One-way Ticket (Public Transport)

$1.66 €1.43

$0.79 COP 2,721

110.13%

Public Transport Monthly Pass (Regular Price)

$34.40 €29.62

$40.83 COP 139.9K

-15.75%

Taxi Start (Normal Tariff)

$3.43 €2.95

$1.47 COP 5,023

133.33%

Taxi (Normal Tariff) (1km)

$2.03 €1.74

$1.92 COP 6,568

5.73%

Taxi 1hour Waiting (Normal Tariff)

$22.81 €19.64

$7.77 COP 26.6K

193.56%

Gasoline (1 liter)

$1.67 €1.44

$1.01 COP 3,464

65.35%

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

$39.0K €33.6K

$17.7K COP 60.5M

121.11%

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

$29.6K €25.5K

$26.5K COP 90.7M

11.76%

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

$79.7 €68.7

$81.1 COP 277.9K

-1.69%

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

$20.75 €17.87

$9.43 COP 32.3K

120.04%

Internet (50+ Mbps, Unlimited Data)

$29.33 €25.26

$23.86 COP 81.8K

22.93%

Gym Membership (Monthly)

$48.07 €41.40

$25.99 COP 89.1K

84.96%

Tennis Court (1 Hour on Weekend)

$14.93 €12.86

$18.71 COP 64.1K

-20.20%

Cinema Ticket

$9.33 €8.04

$4.09 COP 14.0K

128.12%

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

$529 €455

$315 COP 1.1M

68.07%

International Primary School, 1 Child (Yearly)

$6,524 €5,618

$6,022 COP 20.6M

8.33%

Jeans (Levis 501 Or Similar)

$104 €89.6

$59.7 COP 204.6K

74.34%

Summer Dress (H&M, Zara, etc)

$52.4 €45.13

$31.97 COP 109.6K

63.93%

Sport Shoes (Adidas, Nike)

$108 €93.1

$101 COP 346.9K

6.78%

Men's Leather Business Shoes

$144 €124

$105 COP 360.3K

37.04%

1-bedroom Apartment, City Center (Monthly)

$848 €730

$485 COP 1.7M

74.66%

1-bedroom Apartment, Outside City Center (Monthly)

$693 €597

$365 COP 1.3M

89.75%

3-bedroom Apartment, City Center (Monthly)

$1,316 €1,133

$827 COP 2.8M

59.15%

3-bedroom Apartment, Outside City Center (Monthly)

$1,008 €868

$730 COP 2.5M

38.09%

Buy Apartment in City Center (m2)

$3,467 €2,986

$2,992 COP 10.3M

15.88%

Buy Apartment Outside City Center (m2)

$2,108 €1,815

$1,314 COP 4.5M

60.37%

Average Monthly Net Salary (After Tax)

$1,732 €1,491

$551 COP 1.9M

214.37%

20-Year Fixed Mortgage Interest Rate (Annual %)

3.43

13.43

-74.46%

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

Last update for Lanzarote: June 14, 2026

Last update for Medellin: June 15, 2026

Cost Breakdown

A central one-bedroom costs $848 in Lanzarote versus $485 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 214% higher in Lanzarote, 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 $59.0 in Lanzarote versus $33.00 in Medellin. Monthly groceries follow the same trend: $292 vs $190 – 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

Lanzarote vs Medellin: Cost of Living - Frequently Asked Questions

Monthly costs with rent: $1,630 in Lanzarote, $1,028 in Medellin – roughly 58% apart. Lanzarote costs more across the board, with Groceries & Markets showing the biggest gap.

For a comfortable life, plan on about $2,444 per month in Lanzarote and $1,542 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.

Monthly expenses with rent come to $1,630 in Lanzarote and $1,028 in Medellin. The difference isn't just one category – it shows up across housing, food, transport, and services.

Public transport costs about 19% less in Medellin. For daily commuters, that gap adds up to noticeable savings over a year.

A $1,500 monthly budget goes further in Medellin, where all-in costs run around $1,028, than in Lanzarote at $1,630. In Medellin it covers expenses comfortably, while in Lanzarote 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 $1,028 in Medellin to $1,630 in Lanzarote. Climate, culture, job market, and personal taste all factor in.

Both have safer and rougher neighborhoods, but overall safety is comparable to other large cities. Neighborhood choice matters more than the city-level comparison – central, well-trafficked areas feel secure in both.

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