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

Monthly Cost of Living

A single person spends $1,592 per month in Lanzarote vs $1,034 in Medellin, rent included.

A couple spends around $2,365 per month in Lanzarote vs $1,577 in Medellin, rent included.

A family of three spends $3,138 per month in Lanzarote vs $2,120 in Medellin, rent included.

Lanzarote costs about 54% more than Medellin, driven mainly by Groceries & Markets.

Lanzarote sits 19% above the global median, while Medellin is 23% below – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$12.19 €10.41

$5.92 COP 21.5K

105.91%

Three-Course Dinner for Two, Mid-Range

$58.0 €49.50

$32.75 COP 119.1K

76.98%

Fast Food Meal (McDonalds, etc)

$10.50 €8.97

$7.20 COP 26.2K

45.83%

Cappuccino

$2.20 €1.88

$1.70 COP 6,186

29.41%

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

$2.12 €1.81

$1.10 COP 3,996

92.73%

Water (0.33 liter bottle)

$1.21 €1.03

$0.72 COP 2,625

68.06%

Local Beer (0.5 liter draught)

$2.82 €2.41

$1.67 COP 6,067

68.86%

Imported Beer (0.33 liter bottle)

$4.43 €3.78

$3.10 COP 11.3K

42.90%

Milk (1 liter)

$1.25 €1.06

$1.06 COP 3,837

17.92%

White Bread (500g)

$1.37 €1.17

$1.25 COP 4,531

9.60%

Rice (white) (1kg)

$2.11 €1.80

$1.39 COP 5,060

51.80%

Eggs

$3.35 €2.86

$2.26 COP 8,229

48.23%

Local Cheese (1kg)

$11.84 €10.11

$4.33 COP 15.8K

173.44%

Chicken Fillets (1kg)

$10.02 €8.56

$5.84 COP 21.2K

71.58%

Beef Round Steak (1kg)

$17.16 €14.66

$8.83 COP 32.1K

94.34%

Apples (1kg)

$2.43 €2.07

$2.24 COP 8,159

8.48%

Banana (1kg)

$2.47 €2.11

$1.08 COP 3,911

128.70%

Oranges (1kg)

$2.21 €1.89

$1.53 COP 5,563

44.44%

Tomato (1kg)

$2.60 €2.22

$1.37 COP 4,987

89.78%

Potato (1kg)

$1.71 €1.46

$1.13 COP 4,109

51.33%

Onion (1kg)

$2.78 €2.37

$1.12 COP 4,067

148.21%

Lettuce (1 head)

$1.88 €1.60

$0.85 COP 3,080

121.18%

Water (1.5 liter bottle)

$0.90 €0.77

$0.91 COP 3,305

-1.10%

Cigarettes 20 Pack (Marlboro, Camel)

$4.76 €4.06

$2.33 COP 8,477

104.29%

Wine (Bottle)

$6.99 €5.97

$11.13 COP 40.5K

-37.20%

Local Beer (0.5 liter bottle)

$1.62 €1.38

$1.19 COP 4,342

36.13%

Imported Beer (0.33 liter bottle)

$3.84 €3.28

$2.37 COP 8,617

62.03%

One-way Ticket (Public Transport)

$1.67 €1.42

$0.79 COP 2,859

111.39%

Public Transport Monthly Pass (Regular Price)

$34.58 €29.53

$41.13 COP 149.6K

-15.93%

Taxi Start (Normal Tariff)

$3.39 €2.89

$1.44 COP 5,223

135.42%

Taxi (Normal Tariff) (1km)

$2.04 €1.74

$1.91 COP 6,952

6.81%

Taxi 1hour Waiting (Normal Tariff)

$22.81 €19.48

$8.02 COP 29.2K

184.41%

Gasoline (1 liter)

$1.59 €1.36

$0.94 COP 3,410

69.15%

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

$38.4K €32.8K

$17.9K COP 65.2M

114.49%

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

$29.8K €25.5K

$26.8K COP 97.4M

11.32%

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

$80.2 €68.5

$84.0 COP 305.4K

-4.43%

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

$21.02 €17.95

$9.60 COP 34.9K

118.96%

Internet (50+ Mbps, Unlimited Data)

$29.58 €25.26

$24.16 COP 87.9K

22.43%

Gym Membership (Monthly)

$47.83 €40.85

$25.88 COP 94.1K

84.81%

Tennis Court (1 Hour on Weekend)

$15.20 €12.98

$19.04 COP 69.3K

-20.17%

Cinema Ticket

$9.05 €7.73

$3.92 COP 14.2K

130.87%

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

$520 €444

$306 COP 1.1M

69.89%

International Primary School, 1 Child (Yearly)

$6,312 €5,390

$5,919 COP 21.5M

6.64%

Jeans (Levis 501 Or Similar)

$101 €86.6

$57.9 COP 210.6K

75.03%

Summer Dress (H&M, Zara, etc)

$51.2 €43.70

$31.82 COP 115.7K

60.81%

Sport Shoes (Adidas, Nike)

$105 €89.6

$99.9 COP 363.3K

5.03%

Men's Leather Business Shoes

$147 €126

$107 COP 389.7K

37.18%

1-bedroom Apartment, City Center (Monthly)

$844 €721

$487 COP 1.8M

73.39%

1-bedroom Apartment, Outside City Center (Monthly)

$698 €596

$368 COP 1.3M

89.60%

3-bedroom Apartment, City Center (Monthly)

$1,315 €1,123

$826 COP 3.0M

59.21%

3-bedroom Apartment, Outside City Center (Monthly)

$1,016 €867

$716 COP 2.6M

41.85%

Buy Apartment in City Center (m2)

$3,361 €2,870

$2,925 COP 10.6M

14.89%

Buy Apartment Outside City Center (m2)

$2,690 €2,297

$1,407 COP 5.1M

91.18%

Average Monthly Net Salary (After Tax)

$1,727 €1,474

$546 COP 2.0M

216.49%

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: April 26, 2026

Last update for Medellin: April 27, 2026

Cost Breakdown

A central one-bedroom costs $844 in Lanzarote versus $487 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 216% 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 $58.0 in Lanzarote versus $33.00 in Medellin. Monthly groceries follow the same trend: $293 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: $1,592 in Lanzarote, $1,034 in Medellin – roughly 54% apart. Lanzarote costs more across the board, with Groceries & Markets showing the biggest gap.

For a comfortable life, plan on about $2,388 per month in Lanzarote and $1,550 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 $1,592 in Lanzarote and $1,034 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 $1,034, than in Lanzarote at $1,592. 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 $1,034 in Medellin to $1,592 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.