Cost of Living Comparison Between Makati and Medellin Cost of Living Comparison Between Makati and Medellin

Monthly Cost of Living

Monthly costs for one person with rent: $1,232 in Makati versus $1,013 in Medellin.

Estimated couple costs with rent: $2,009 in Makati versus $1,602 in Medellin.

Monthly costs for a family of three with rent: $2,786 in Makati versus $2,192 in Medellin.

Living in Makati is roughly 22% more expensive than Medellin, driven mainly by Getting Around.

Both cities sit below the global median: Makati 8% lower, Medellin 24% lower.

Meal at Budget Restaurant

$6.80 ₱419

$5.99 COP 21.4K

13.52%

Three-Course Dinner for Two, Mid-Range

$45.15 ₱2,784

$32.86 COP 117.4K

37.40%

Fast Food Meal (McDonalds, etc)

$4.93 ₱304

$7.09 COP 25.3K

-30.47%

Cappuccino

$2.87 ₱177

$1.71 COP 6,115

67.84%

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

$1.19 ₱73.5

$1.10 COP 3,924

8.18%

Water (0.33 liter bottle)

$0.56 ₱34.76

$0.78 COP 2,781

-28.21%

Local Beer (0.5 liter draught)

$2.44 ₱151

$1.68 COP 5,997

45.24%

Imported Beer (0.33 liter bottle)

$3.66 ₱225

$3.07 COP 11.0K

19.22%

Milk (1 liter)

$2.14 ₱132

$1.09 COP 3,906

96.33%

White Bread (500g)

$1.43 ₱88.4

$1.26 COP 4,508

13.49%

Rice (white) (1kg)

$1.08 ₱66.5

$1.38 COP 4,922

-21.74%

Eggs

$2.34 ₱144

$2.19 COP 7,827

6.85%

Local Cheese (1kg)

$8.16 ₱503

$4.40 COP 15.7K

85.45%

Chicken Fillets (1kg)

$4.43 ₱273

$5.63 COP 20.1K

-21.31%

Beef Round Steak (1kg)

$7.64 ₱471

$8.89 COP 31.8K

-14.06%

Apples (1kg)

$4.57 ₱282

$2.34 COP 8,349

95.30%

Banana (1kg)

$1.92 ₱118

$1.06 COP 3,777

81.13%

Oranges (1kg)

$2.70 ₱166

$1.50 COP 5,374

80.00%

Tomato (1kg)

$2.25 ₱139

$1.38 COP 4,924

63.04%

Potato (1kg)

$3.29 ₱203

$1.15 COP 4,111

186.09%

Onion (1kg)

$2.86 ₱177

$1.16 COP 4,155

146.55%

Lettuce (1 head)

$1.08 ₱66.8

$0.89 COP 3,182

21.35%

Water (1.5 liter bottle)

$0.99 ₱61.3

$0.84 COP 2,997

17.86%

Cigarettes 20 Pack (Marlboro, Camel)

$2.94 ₱181

$2.28 COP 8,145

28.95%

Wine (Bottle)

$8.28 ₱511

$10.64 COP 38.0K

-22.18%

Local Beer (0.5 liter bottle)

$1.20 ₱74.1

$1.20 COP 4,284

Imported Beer (0.33 liter bottle)

$2.34 ₱144

$2.47 COP 8,824

-5.26%

One-way Ticket (Public Transport)

$0.51 ₱31.71

$0.86 COP 3,056

-40.70%

Public Transport Monthly Pass (Regular Price)

$3.58 ₱221

$41.40 COP 147.9K

-91.35%

Taxi Start (Normal Tariff)

$0.81 ₱50.0

$1.47 COP 5,264

-44.90%

Taxi (Normal Tariff) (1km)

$0.12 ₱7.44

$1.96 COP 7,009

-93.88%

Taxi 1hour Waiting (Normal Tariff)

$3.58 ₱221

$7.74 COP 27.6K

-53.75%

Gasoline (1 liter)

$1.10 ₱67.8

$0.95 COP 3,409

15.79%

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

$34.3K ₱2.1M

$18.1K COP 64.7M

89.04%

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

$21.5K ₱1.3M

$26.5K COP 94.6M

-18.84%

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

$172 ₱10.6K

$82.3 COP 293.7K

109.14%

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

$26.94 ₱1,661

$9.50 COP 33.9K

183.58%

Internet (50+ Mbps, Unlimited Data)

$36.49 ₱2,250

$24.23 COP 86.5K

50.60%

Gym Membership (Monthly)

$56.0 ₱3,452

$25.89 COP 92.4K

116.26%

Tennis Court (1 Hour on Weekend)

$11.79 ₱727

$19.00 COP 67.9K

-37.95%

Cinema Ticket

$7.90 ₱487

$3.93 COP 14.0K

101.02%

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

$321 ₱19.8K

$309 COP 1.1M

3.59%

International Primary School, 1 Child (Yearly)

$7,538 ₱464.8K

$5,965 COP 21.3M

26.37%

Jeans (Levis 501 Or Similar)

$60.3 ₱3,717

$58.7 COP 209.5K

2.76%

Summer Dress (H&M, Zara, etc)

$35.62 ₱2,197

$32.35 COP 115.5K

10.11%

Sport Shoes (Adidas, Nike)

$85.6 ₱5,277

$103 COP 366.4K

-16.59%

Men's Leather Business Shoes

$122 ₱7,516

$108 COP 387.2K

12.41%

1-bedroom Apartment, City Center (Monthly)

$666 ₱41.1K

$476 COP 1.7M

39.85%

1-bedroom Apartment, Outside City Center (Monthly)

$390 ₱24.0K

$379 COP 1.4M

2.92%

3-bedroom Apartment, City Center (Monthly)

$2,260 ₱139.4K

$838 COP 3.0M

169.60%

3-bedroom Apartment, Outside City Center (Monthly)

$1,024 ₱63.1K

$724 COP 2.6M

41.42%

Buy Apartment in City Center (m2)

$6,010 ₱370.6K

$2,791 COP 10.0M

115.37%

Buy Apartment Outside City Center (m2)

$3,852 ₱237.5K

$1,211 COP 4.3M

217.98%

Average Monthly Net Salary (After Tax)

$682 ₱42.0K

$512 COP 1.8M

33.17%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.67

13.43

-50.34%

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

Last update for Makati: May 30, 2026

Last update for Medellin: May 31, 2026

Cost Breakdown

A one-bedroom apartment in the center runs $666 in Makati and $476 in Medellin. Housing cost is often the main lever when comparing two cities.

Makati pays 33% more on average. The extra income cushions the higher costs, though housing choices and lifestyle decide how much of the gap is truly closed.

Dining out: $45.00 in Makati vs $33.00 in Medellin for a mid-range dinner for two. Groceries echo the gap at $234 vs $188 per month, with Medellin cheaper across the board.

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

Makati vs Medellin: Cost of Living - Frequently Asked Questions

Medellin wins on cost – living expenses run 22% lower than in Makati. Housing and daily spending are where you'll feel the difference most, making Medellin the obvious pick if budget is a priority.

Makati pays 33% more on average, which matters when comparing affordability. Whether that higher income actually nets you more depends on your spending habits and housing choices.

Rent for a central apartment: $666 in Makati versus $476 in Medellin. Housing is usually the single largest factor when comparing overall living costs between the two.

All in, you'll spend $1,232 per month in Makati versus $1,013 in Medellin – a 22% gap that adds up to real savings over time for anyone picking the cheaper option.

A monthly transit pass in Medellin runs roughly 1056% less than in Makati. Both cities have functional networks, but the price difference matters if you're watching your budget.

At $1,013 in Medellin versus $1,232 in Makati, a $1,500 budget is realistic in Medellin but tight or insufficient in Makati. The gap between the two cities makes Medellin the clear choice for anyone on this budget.

Both work as nomad bases, but Medellin delivers better value – similar infrastructure at $1,013 monthly. If stretching your runway or maximizing savings is the goal, the price difference makes Medellin hard to pass up.

Safety-wise, Makati and Medellin are on par. Petty crime is typical for cities this size, and most residents feel comfortable going about their daily routines in either place.

Expats usually find Medellin gentler on the wallet – expenses run 22% less than in Makati. Beyond cost, consider language, visa policies, and how big the international community is in each city.