Last update: Nov 2026

Cost of Living Comparison Between Madison, WI and Bogota

For one person, living is cheaper in Bogota: $1,387 a month against $2,931 in Madison, WI, rent and utilities included – about $18,500 less a year. Rent and utilities account for most of the difference.

140

Cost of Living Index in Madison, WI
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Madison, WI Living Index
67

Cost of Living Index in Bogota
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Bogota Living Index

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Madison, WI

🇺🇸 United States

$2,931

/mo nomad

Bogota

🇨🇴 Colombia

$1,387

/mo nomad

Monthly Cost of Living

How much you'll spend in Madison, WI and in Bogota

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Madison, WI and in Bogota actually costs, broken down by who's living it.

A single person spends $2,931 per month in Madison, WI vs $1,387 in Bogota, rent included.

Madison, WI $2,931
Bogota $1,387

A couple spends around $4,224 per month in Madison, WI vs $2,151 in Bogota, rent included.

Madison, WI $4,224
Bogota $2,151

A family of three spends $5,517 per month in Madison, WI vs $2,915 in Bogota, rent included.

Madison, WI $5,517
Bogota $2,915

Madison, WI costs about 111% more than Bogota, and outside of rent the biggest gap is in eating out.

Both Madison, WI and Bogota sit above the global median – Madison, WI by 117%, Bogota by 3%.

Meal at Budget Restaurant

$19.92 $19.92

$7.94 COP 25.7K

150.88%

Three-Course Dinner for Two, Mid-Range

$65.0 $65.0

$42.83 COP 138.4K

51.83%

Fast Food Meal (McDonalds, etc)

$13.17 $13.17

$10.81 COP 34.9K

21.83%

Cappuccino

$5.66 $5.66

$2.47 COP 7,988

129.15%

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

$3.02 $3.02

$1.34 COP 4,343

125.37%

Water (0.33 liter bottle)

$2.45 $2.45

$0.85 COP 2,734

188.24%

Local Beer (0.5 liter draught)

$6.62 $6.62

$2.39 COP 7,727

176.99%

Imported Beer (0.33 liter bottle)

$7.72 $7.72

$4.83 COP 15.6K

59.83%

Milk (1 liter)

$0.95 $0.95

$1.63 COP 5,267

-41.72%

White Bread (500g)

$3.17 $3.17

$2.33 COP 7,510

36.05%

Rice (white) (1kg)

$4.18 $4.18

$1.81 COP 5,838

130.94%

Eggs

$3.72 $3.72

$3.52 COP 11.4K

5.68%

Local Cheese (1kg)

$14.49 $14.49

$7.84 COP 25.3K

84.82%

Chicken Fillets (1kg)

$12.15 $12.15

$7.62 COP 24.6K

59.45%

Beef Round Steak (1kg)

$20.36 $20.36

$10.66 COP 34.4K

90.99%

Apples (1kg)

$4.59 $4.59

$3.49 COP 11.3K

31.52%

Banana (1kg)

$1.62 $1.62

$1.76 COP 5,691

-7.95%

Oranges (1kg)

$4.95 $4.95

$1.92 COP 6,186

157.81%

Tomato (1kg)

$4.67 $4.67

$1.89 COP 6,117

147.09%

Potato (1kg)

$2.61 $2.61

$1.41 COP 4,554

85.11%

Onion (1kg)

$2.83 $2.83

$1.43 COP 4,617

97.90%

Lettuce (1 head)

$2.08 $2.08

$1.26 COP 4,075

65.08%

Water (1.5 liter bottle)

$2.24 $2.24

$1.15 COP 3,730

94.78%

Cigarettes 20 Pack (Marlboro, Camel)

$10.89 $10.89

$4.43 COP 14.3K

145.82%

Wine (Bottle)

$15.73 $15.73

$12.31 COP 39.8K

27.78%

Local Beer (0.5 liter bottle)

$2.68 $2.68

$1.48 COP 4,784

81.08%

Imported Beer (0.33 liter bottle)

$4.40 $4.40

$3.22 COP 10.4K

36.65%

One-way Ticket (Public Transport)

$1.94 $1.94

$1.08 COP 3,484

79.63%

Public Transport Monthly Pass (Regular Price)

$65.5 $65.5

$50.2 COP 162.1K

30.52%

Taxi Start (Normal Tariff)

$3.91 $3.91

$2.02 COP 6,539

93.56%

Taxi (Normal Tariff) (1km)

$1.96 $1.96

$2.54 COP 8,215

-22.83%

Taxi 1hour Waiting (Normal Tariff)

$44.61 $44.61

$7.49 COP 24.2K

495.59%

Gasoline (1 liter)

$1.07 $1.07

$1.28 COP 4,136

-16.41%

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

$30.3K $30.3K

$34.1K COP 110.0M

-11.00%

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

$25.5K $25.5K

$34.9K COP 112.6M

-26.81%

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

$266 $266

$127 COP 411.1K

108.89%

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

$45.57 $45.57

$16.31 COP 52.7K

179.40%

Internet (50+ Mbps, Unlimited Data)

$80.5 $80.5

$30.21 COP 97.6K

166.50%

Gym Membership (Monthly)

$51.6 $51.6

$33.56 COP 108.4K

53.69%

Tennis Court (1 Hour on Weekend)

$10.12 $10.12

$15.03 COP 48.5K

-32.67%

Cinema Ticket

$14.70 $14.70

$7.62 COP 24.6K

92.91%

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

$1,594 $1,594

$557 COP 1.8M

186.03%

International Primary School, 1 Child (Yearly)

$21.6K $21.6K

$13.1K COP 42.2M

65.57%

Jeans (Levis 501 Or Similar)

$63.4 $63.4

$85.1 COP 274.7K

-25.46%

Summer Dress (H&M, Zara, etc)

$46.65 $46.65

$48.17 COP 155.6K

-3.16%

Sport Shoes (Adidas, Nike)

$108 $108

$139 COP 448.7K

-22.60%

Men's Leather Business Shoes

$121 $121

$108 COP 347.2K

12.79%

1-bedroom Apartment, City Center (Monthly)

$1,723 $1,723

$730 COP 2.4M

136.10%

1-bedroom Apartment, Outside City Center (Monthly)

$1,465 $1,465

$504 COP 1.6M

190.66%

3-bedroom Apartment, City Center (Monthly)

$3,146 $3,146

$1,438 COP 4.6M

118.76%

3-bedroom Apartment, Outside City Center (Monthly)

$2,438 $2,438

$963 COP 3.1M

153.13%

Buy Apartment in City Center (m2)

$4,429 $4,429

$2,946 COP 9.5M

50.36%

Buy Apartment Outside City Center (m2)

$2,478 $2,478

$2,250 COP 7.3M

10.14%

Average Monthly Net Salary (After Tax)

$4,430 $4,430

$811 COP 2.6M

446.35%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.81

12.81

-46.84%

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

Last update for Madison, WI: November 2, 2026

Last update for Bogota: November 3, 2026

Monthly budget structure

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

Accommodation & Living

Madison, WI

$1.5K 50%

Bogota

$504 36.4% 65.6% $961

Groceries & Markets

Madison, WI

$416 14.2%

Bogota

$264 19% 36.6% $152

Monthly Utilities & Internet

Madison, WI

$392 13.4%

Bogota

$174 12.5% 55.7% $218

Eating Out

Madison, WI

$337 11.5%

Bogota

$156 11.3% 53.7% $181

Clothing & Footwear

Madison, WI

$152 5.2%

Bogota

$171 12.3% 12% $18

Getting Around

Madison, WI

$87 3%

Bogota

$69 5% 20.4% $18

Sport & Entertainment

Madison, WI

$81 2.8%

Bogota

$49 3.5% 39.8% $32

Cost Breakdown

A central one-bedroom costs $1,723 in Madison, WI versus $730 in Bogota. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

Salaries in Madison, WI are about 5.5 times higher. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $65 in Madison, WI versus $43 in Bogota. Monthly groceries follow the same trend: $416 vs $264 – making Bogota the more affordable choice for daily food spending.

Good to know

🇺🇸 Madison, WI

🇨🇴 Bogota

🕒 Local time

05:07 5:07 AM

06:07 6:07 AM

1 h ahead of Madison, WI

🌤 Weather

👥 Population

248,951

8,181,047 Capital

💱 Currency

United States Dollar USD $

Colombian Peso COP $

📈 Exchange rate

1 USD = 0.89 EUR

10,000 COP = 3.1 USD

10,000 COP = 2.76 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 November 6, 2026: 1 EUR = 1.12 USD (1 USD = 0.89 EUR).

Colombian Peso exchange rates as of November 6, 2026: 1 USD = 3,230 COP (10,000 COP = 3.1 USD). 1 EUR = 3,628 COP (10,000 COP = 2.76 EUR).

COP to USD in detail →

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Between locations

Madison, WI Bogota 4,520 km ≈ 6 h nonstop flight

From you

Madison, WI
Bogota

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

Madison, WI vs Bogota: Cost of Living - Frequently Asked Questions

Yes – Madison, WI is pricier by about 111%, and outside of rent the gap shows up most in eating out.

For a comfortable life, plan on about $4,396 per month in Madison, WI and $2,080 in Bogota. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Bogota, especially for central apartments: a one-bedroom in the center costs $730 there versus $1,723 in Madison, WI.

Monthly expenses with rent come to $2,931 in Madison, WI and $1,387 in Bogota. That makes Bogota about 53% cheaper.

Public transport costs about 23% less in Bogota. For daily commuters, that gap adds up to noticeable savings over a year.

Families tend to lean toward Bogota – 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 Bogota. If higher salaries or specific career opportunities are the priority, Madison, WI makes more sense. Both are solid long-term options with distinct trade-offs.