Last update: Oct 2026

Cost of Living Comparison Between Lanzarote and Medellin

For one person, living costs are similar in Lanzarote and in Medellin: $1,605 and $1,639 a month, rent and utilities included.

78

Cost of Living Index in Lanzarote
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Lanzarote Living Index
79

Cost of Living Index in Medellin
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Medellin Living Index

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Lanzarote

🇪🇸 Spain

$1,605

/mo nomad

Medellin

🇨🇴 Colombia

$1,639

/mo nomad

Monthly Cost of Living

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

A single person spends $1,605 per month in Lanzarote vs $1,639 in Medellin, rent included.

Lanzarote $1,605
Medellin $1,639

A couple spends around $2,427 per month in Lanzarote vs $2,413 in Medellin, rent included.

Lanzarote $2,427
Medellin $2,413

A family of three spends $3,250 per month in Lanzarote vs $3,186 in Medellin, rent included.

Lanzarote $3,250
Medellin $3,186

Lanzarote and Medellin have comparable living costs – the differences are in the details.

Both Lanzarote and Medellin sit above the global median – Lanzarote by 18%, Medellin by 20%.

Meal at Budget Restaurant

$13.68 €12.25

$8.09 COP 26.1K

69.10%

Three-Course Dinner for Two, Mid-Range

$72.4 €64.8

$47.05 COP 151.7K

53.88%

Fast Food Meal (McDonalds, etc)

$10.58 €9.48

$9.50 COP 30.6K

11.37%

Cappuccino

$2.47 €2.22

$3.01 COP 9,722

-17.94%

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

$2.13 €1.91

$1.80 COP 5,801

18.33%

Water (0.33 liter bottle)

$1.62 €1.45

$1.41 COP 4,554

14.89%

Local Beer (0.5 liter draught)

$3.10 €2.78

$3.18 COP 10.2K

-2.52%

Imported Beer (0.33 liter bottle)

$3.69 €3.31

$5.75 COP 18.5K

-35.83%

Milk (1 liter)

$1.09 €0.97

$1.51 COP 4,869

-27.81%

White Bread (500g)

$1.45 €1.30

$2.38 COP 7,667

-39.08%

Rice (white) (1kg)

$1.58 €1.41

$1.77 COP 5,712

-10.73%

Eggs

$3.53 €3.16

$2.89 COP 9,320

22.15%

Local Cheese (1kg)

$12.19 €10.92

$10.19 COP 32.9K

19.63%

Chicken Fillets (1kg)

$9.92 €8.88

$9.87 COP 31.8K

0.51%

Beef Round Steak (1kg)

$18.20 €16.30

$13.99 COP 45.1K

30.09%

Apples (1kg)

$2.56 €2.30

$3.97 COP 12.8K

-35.52%

Banana (1kg)

$2.57 €2.30

$1.55 COP 5,005

65.81%

Oranges (1kg)

$2.22 €1.99

$2.18 COP 7,039

1.83%

Tomato (1kg)

$2.53 €2.27

$2.18 COP 7,041

16.06%

Potato (1kg)

$1.78 €1.60

$1.96 COP 6,328

-9.18%

Onion (1kg)

$2.39 €2.14

$1.59 COP 5,125

50.31%

Lettuce (1 head)

$2.02 €1.81

$1.15 COP 3,694

75.65%

Water (1.5 liter bottle)

$0.86 €0.77

$1.24 COP 4,009

-30.65%

Cigarettes 20 Pack (Marlboro, Camel)

$4.54 €4.07

$3.96 COP 12.8K

14.65%

Wine (Bottle)

$6.75 €6.05

$13.68 COP 44.1K

-50.66%

Local Beer (0.5 liter bottle)

$1.74 €1.56

$1.66 COP 5,352

4.82%

Imported Beer (0.33 liter bottle)

$2.71 €2.42

$2.26 COP 7,281

19.91%

One-way Ticket (Public Transport)

$1.66 €1.49

$1.17 COP 3,766

41.88%

Public Transport Monthly Pass (Regular Price)

$33.06 €29.61

$77.4 COP 249.5K

-57.27%

Taxi Start (Normal Tariff)

$3.34 €2.99

$1.27 COP 4,089

162.99%

Taxi (Normal Tariff) (1km)

$2.18 €1.95

$2.05 COP 6,603

6.34%

Taxi 1hour Waiting (Normal Tariff)

$27.60 €24.72

$8.55 COP 27.6K

222.81%

Gasoline (1 liter)

$1.76 €1.58

$1.35 COP 4,343

30.37%

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

$29.9K €26.8K

$34.1K COP 109.8M

-12.20%

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

$31.6K €28.3K

$34.7K COP 111.8M

-8.82%

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

$114 €102

$170 COP 547.0K

-32.74%

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

$19.99 €17.91

$13.55 COP 43.7K

47.53%

Internet (50+ Mbps, Unlimited Data)

$28.15 €25.21

$28.07 COP 90.5K

0.29%

Gym Membership (Monthly)

$44.61 €39.95

$43.70 COP 140.9K

2.08%

Tennis Court (1 Hour on Weekend)

$16.00 €14.33

$17.19 COP 55.4K

-6.92%

Cinema Ticket

$9.03 €8.09

$6.91 COP 22.3K

30.68%

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

$478 €428

$797 COP 2.6M

-39.99%

International Primary School, 1 Child (Yearly)

$6,573 €5,887

$9,112 COP 29.4M

-27.86%

Jeans (Levis 501 Or Similar)

$88.2 €79.0

$84.7 COP 273.2K

4.12%

Summer Dress (H&M, Zara, etc)

$38.58 €34.55

$58.0 COP 186.9K

-33.44%

Sport Shoes (Adidas, Nike)

$91.1 €81.6

$135 COP 435.2K

-32.48%

Men's Leather Business Shoes

$120 €108

$97.9 COP 315.6K

22.91%

1-bedroom Apartment, City Center (Monthly)

$879 €787

$1,208 COP 3.9M

-27.24%

1-bedroom Apartment, Outside City Center (Monthly)

$672 €602

$642 COP 2.1M

4.82%

3-bedroom Apartment, City Center (Monthly)

$1,371 €1,228

$2,028 COP 6.5M

-32.37%

3-bedroom Apartment, Outside City Center (Monthly)

$1,001 €896

$1,012 COP 3.3M

-1.10%

Buy Apartment in City Center (m2)

$3,289 €2,945

$4,170 COP 13.4M

-21.14%

Buy Apartment Outside City Center (m2)

$2,171 €1,944

$1,910 COP 6.2M

13.65%

Average Monthly Net Salary (After Tax)

$1,683 €1,507

$657 COP 2.1M

156.09%

20-Year Fixed Mortgage Interest Rate (Annual %)

3.15

10.94

-71.21%

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

Last update for Lanzarote: October 25, 2026

Last update for Medellin: October 25, 2026

Monthly budget structure

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

Accommodation & Living

Lanzarote

$672 41.9%

Medellin

$642 39.1% 4.6% $31

Groceries & Markets

Lanzarote

$293 18.2%

Medellin

$297 18.1% 1.5% $4.4

Eating Out

Lanzarote

$209 13%

Medellin

$170 10.4% 18.8% $39

Monthly Utilities & Internet

Lanzarote

$162 10.1%

Medellin

$211 12.9% 30.2% $49

Clothing & Footwear

Lanzarote

$152 9.5%

Medellin

$169 10.3% 11% $17

Sport & Entertainment

Lanzarote

$63 3.9%

Medellin

$58 3.5% 8.2% $5.1

Getting Around

Lanzarote

$54 3.4%

Medellin

$94 5.7% 73.4% $40

Cost Breakdown

A central one-bedroom costs $879 in Lanzarote versus $1,208 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 in Lanzarote are about 2.6 times higher. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $72 in Lanzarote versus $47 in Medellin. Groceries tell a different story – $293 in Lanzarote vs $297 in Medellin – so Lanzarote wins on supermarket bills even if dining out costs more.

Good to know

🇪🇸 Lanzarote

🇨🇴 Medellin

🕒 Local time

10:55 10:55 AM

05:55 5:55 AM

5 h behind Lanzarote

🌤 Weather

👥 Population

5,228

2,486,723

💱 Currency

Euro EUR €

Colombian Peso COP $

📈 Exchange rate

1 EUR = 1.12 USD

10,000 COP = 3.1 USD

10,000 COP = 2.78 EUR

Exchange rates and currency converter

COP, USD to EUR – Euro Converter

🇺🇸 United States Dollar ($)

🇪🇺 Euro (€)

Euro exchange rates as of November 1, 2026: 1 USD = 0.896 EUR (1 EUR = 1.12 USD).

Colombian Peso exchange rates as of November 1, 2026: 1 USD = 3,224 COP (10,000 COP = 3.1 USD). 1 EUR = 3,600 COP (10,000 COP = 2.78 EUR).

USD to EUR in detail →

On the map

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Between locations

Lanzarote Medellin 6,950 km ≈ 9 h nonstop flight

From you

Lanzarote
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

Lanzarote vs Medellin: Cost of Living - Frequently Asked Questions

For a comfortable life, plan on about $2,407 per month in Lanzarote and $2,459 in Medellin. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Lanzarote, especially for central apartments: a one-bedroom in the center costs $879 there versus $1,208 in Medellin.

Kindergarten costs $478 per month in Lanzarote and $797 in Medellin. For families with young kids, this one expense can tip the scales when choosing between the two cities.

Public transport costs about 57% less in Lanzarote. For daily commuters, that gap adds up to noticeable savings over a year.

$3,000 covers both cities comfortably – all-in costs are $1,605 in Lanzarote and $1,639 in Medellin, leaving budget for savings and extras in both cases.

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