Last update: Oct 2026

Cost of Living Comparison Between Markham and Bogota

For one person, living is cheaper in Bogota: $1,323 a month against $2,416 in Markham, rent and utilities included – about $13,100 less a year. Rent and utilities account for most of the difference.

118

Cost of Living Index in Markham
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Markham Living Index
64

Cost of Living Index in Bogota
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Bogota Living Index

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Markham

🇨🇦 Canada

$2,416

/mo nomad

Bogota

🇨🇴 Colombia

$1,323

/mo nomad

Monthly Cost of Living

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

A single person spends $2,416 per month in Markham vs $1,323 in Bogota, rent included.

Markham $2,416
Bogota $1,323

A couple spends around $3,465 per month in Markham vs $2,110 in Bogota, rent included.

Markham $3,465
Bogota $2,110

A family of three spends $4,514 per month in Markham vs $2,897 in Bogota, rent included.

Markham $4,514
Bogota $2,897

Markham costs about 83% more than Bogota, and outside of rent the biggest gap is in eating out.

Markham sits 79% above the global median, while Bogota is 2% below – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$17.37 CA$24.70

$7.65 COP 24.3K

127.06%

Three-Course Dinner for Two, Mid-Range

$53.4 CA$76.0

$41.44 COP 131.8K

28.96%

Fast Food Meal (McDonalds, etc)

$10.47 CA$14.89

$10.38 COP 33.0K

0.87%

Cappuccino

$3.81 CA$5.42

$2.53 COP 8,037

50.59%

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

$1.70 CA$2.42

$1.35 COP 4,290

25.93%

Water (0.33 liter bottle)

$1.17 CA$1.67

$0.87 COP 2,760

34.48%

Local Beer (0.5 liter draught)

$3.59 CA$5.10

$2.06 COP 6,563

74.27%

Imported Beer (0.33 liter bottle)

$5.62 CA$7.99

$3.98 COP 12.6K

41.21%

Milk (1 liter)

$1.94 CA$2.76

$1.65 COP 5,257

17.58%

White Bread (500g)

$2.22 CA$3.16

$2.40 COP 7,642

-7.50%

Rice (white) (1kg)

$1.90 CA$2.70

$1.69 COP 5,362

12.43%

Eggs

$2.99 CA$4.25

$3.54 COP 11.2K

-15.54%

Local Cheese (1kg)

$7.89 COP 25.1K

Chicken Fillets (1kg)

$11.70 CA$16.64

$7.30 COP 23.2K

60.27%

Beef Round Steak (1kg)

$6.81 CA$9.68

$9.87 COP 31.4K

-31.00%

Apples (1kg)

$3.69 CA$5.25

$3.58 COP 11.4K

3.07%

Banana (1kg)

$1.26 CA$1.80

$1.84 COP 5,840

-31.52%

Oranges (1kg)

$2.33 CA$3.31

$1.90 COP 6,031

22.63%

Tomato (1kg)

$3.26 CA$4.63

$1.74 COP 5,534

87.36%

Potato (1kg)

$2.05 CA$2.92

$1.41 COP 4,499

45.39%

Onion (1kg)

$1.96 CA$2.79

$1.37 COP 4,345

43.07%

Lettuce (1 head)

$2.87 CA$4.08

$1.30 COP 4,144

120.77%

Water (1.5 liter bottle)

$1.48 CA$2.11

$1.15 COP 3,654

28.70%

Cigarettes 20 Pack (Marlboro, Camel)

$13.44 CA$19.11

$4.32 COP 13.7K

211.11%

Wine (Bottle)

$14.53 CA$20.66

$12.76 COP 40.6K

13.87%

Local Beer (0.5 liter bottle)

$2.40 CA$3.41

$1.43 COP 4,557

67.83%

Imported Beer (0.33 liter bottle)

$3.19 CA$4.54

$2.83 COP 9,014

12.72%

One-way Ticket (Public Transport)

$3.04 CA$4.32

$1.08 COP 3,444

181.48%

Public Transport Monthly Pass (Regular Price)

$89.3 CA$127

$50.8 COP 161.6K

75.85%

Taxi Start (Normal Tariff)

$3.31 CA$4.71

$2.38 COP 7,574

39.08%

Taxi (Normal Tariff) (1km)

$2.34 COP 7,434

Taxi 1hour Waiting (Normal Tariff)

$18.60 CA$26.44

$9.20 COP 29.3K

102.17%

Gasoline (1 liter)

$1.13 CA$1.61

$1.33 COP 4,226

-15.04%

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

$28.1K CA$40.0K

$23.5K COP 74.7M

19.76%

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

$18.1K CA$25.8K

$35.6K COP 113.4M

-49.15%

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

$125 CA$178

$125 COP 399.0K

-0.04%

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

$26.20 CA$37.26

$16.29 COP 51.8K

60.83%

Internet (50+ Mbps, Unlimited Data)

$45.69 CA$65.0

$30.21 COP 96.1K

51.24%

Gym Membership (Monthly)

$42.62 CA$60.6

$34.11 COP 108.5K

24.95%

Tennis Court (1 Hour on Weekend)

$21.28 CA$30.26

$15.37 COP 48.9K

38.45%

Cinema Ticket

$10.19 CA$14.49

$7.84 COP 24.9K

29.97%

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

$870 CA$1,237

$501 COP 1.6M

73.51%

International Primary School, 1 Child (Yearly)

$27.5K CA$39.0K

$7,450 COP 23.7M

268.56%

Jeans (Levis 501 Or Similar)

$43.21 CA$61.4

$82.8 COP 263.4K

-47.83%

Summer Dress (H&M, Zara, etc)

$37.22 CA$52.9

$47.40 COP 150.8K

-21.48%

Sport Shoes (Adidas, Nike)

$91.1 CA$130

$142 COP 450.8K

-35.69%

Men's Leather Business Shoes

$105 CA$149

$106 COP 338.5K

-1.42%

1-bedroom Apartment, City Center (Monthly)

$1,554 CA$2,210

$803 COP 2.6M

93.54%

1-bedroom Apartment, Outside City Center (Monthly)

$1,391 CA$1,978

$452 COP 1.4M

207.96%

3-bedroom Apartment, City Center (Monthly)

$2,699 CA$3,838

$1,244 COP 4.0M

117.01%

3-bedroom Apartment, Outside City Center (Monthly)

$2,236 CA$3,179

$974 COP 3.1M

129.53%

Buy Apartment in City Center (m2)

$5,896 CA$8,382

$2,816 COP 9.0M

109.34%

Buy Apartment Outside City Center (m2)

$5,309 CA$7,549

$2,354 COP 7.5M

125.50%

Average Monthly Net Salary (After Tax)

$3,132 CA$4,453

$813 COP 2.6M

285.50%

20-Year Fixed Mortgage Interest Rate (Annual %)

4.56

12.81

-64.40%

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

Last update for Markham: October 11, 2026

Last update for Bogota: October 11, 2026

Monthly budget structure

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

Accommodation & Living

Markham

$1.4K 57.6%

Bogota

$452 34.1% 67.5% $939

Groceries & Markets

Markham

$279 * 11.5%

Bogota

$261 19.7% 6.4% $18

Eating Out

Markham

$257 10.6%

Bogota

$150 11.3% 41.7% $107

Monthly Utilities & Internet

Markham

$197 8.2%

Bogota

$172 13% 12.8% $25

Clothing & Footwear

Markham

$124 5.2%

Bogota

$170 12.9% 36.9% $46

Getting Around

Markham

$105 * 4.3%

Bogota

$69 5.2% 34% $36

Sport & Entertainment

Markham

$63 2.6%

Bogota

$50 3.8% 21% $13

Categories marked with * are only partly priced – their share counts the items that do have prices.

Cost Breakdown

A central one-bedroom costs $1,554 in Markham versus $803 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 run about 285% higher in Markham, 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 $53.0 in Markham versus $41.00 in Bogota. Monthly groceries follow the same trend: $279 vs $261 – making Bogota the more affordable choice for daily food spending.

Good to know

🇨🇦 Markham

🇨🇴 Bogota

🕒 Local time

19:26 7:26 PM

18:26 6:26 PM

1 h behind Markham

🌤 Weather

👥 Population

338,503

8,181,047 Capital

💱 Currency

Canadian Dollar CAD $

Colombian Peso COP $

📈 Exchange rate

1 CAD = 0.703 USD

1 CAD = 0.628 EUR

10,000 COP = 3.14 USD

10,000 COP = 2.81 EUR

Exchange rates and currency converter

COP, USD, EUR to CAD – Canadian Dollar Converter

🇺🇸 United States Dollar ($)

🇨🇦 Canadian Dollar ($)

Canadian Dollar exchange rates as of October 14, 2026: 1 USD = 1.42 CAD (1 CAD = 0.703 USD). 1 EUR = 1.59 CAD (1 CAD = 0.628 EUR).

Colombian Peso exchange rates as of October 14, 2026: 1 USD = 3,181 COP (10,000 COP = 3.14 USD). 1 EUR = 3,561 COP (10,000 COP = 2.81 EUR).

USD to CAD in detail →

On the map

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Between locations

Markham Bogota 4,380 km ≈ 6 h nonstop flight

From you

Markham
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

Markham vs Bogota: Cost of Living - Frequently Asked Questions

Yes – Markham is pricier by about 83%, and outside of rent the gap shows up most in eating out.

For a comfortable life, plan on about $3,624 per month in Markham and $1,985 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. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

Monthly expenses with rent come to $2,416 in Markham and $1,323 in Bogota. That's a gap of about 83%.

Public transport costs about 76% less in Bogota. For daily commuters, that gap adds up to noticeable savings over a year.

A $1,500 monthly budget goes further in Bogota, where all-in costs run around $1,323, than in Markham at $2,416. In Bogota it covers expenses comfortably, while in Markham it requires careful planning or may not stretch far enough.

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.

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 Bogota. If higher salaries, better infrastructure, or specific career opportunities are the priority, Markham makes more sense. Both are solid long-term options with distinct trade-offs.