Last update: Oct 2026

Cost of Living Comparison Between Medellin and Alaverdi

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Cost of Living Index in Medellin
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Medellin Living Index

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Medellin

🇨🇴 Colombia

$1,589

/mo nomad

Alaverdi

🇦🇲 Armenia

/mo nomad

Meal at Budget Restaurant

$8.01 COP 25.5K

Three-Course Dinner for Two, Mid-Range

$46.55 COP 148.3K

Fast Food Meal (McDonalds, etc)

$9.43 COP 30.1K

Cappuccino

$2.91 COP 9,277

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

$1.75 COP 5,585

Water (0.33 liter bottle)

$1.32 COP 4,218

Local Beer (0.5 liter draught)

$3.13 COP 9,969

Imported Beer (0.33 liter bottle)

$5.55 COP 17.7K

Milk (1 liter)

$1.41 COP 4,495

White Bread (500g)

$2.44 COP 7,777

Rice (white) (1kg)

$1.63 COP 5,191

Eggs

$2.82 COP 8,990

Local Cheese (1kg)

$9.69 COP 30.9K

Chicken Fillets (1kg)

$9.32 COP 29.7K

Beef Round Steak (1kg)

$13.46 COP 42.9K

Apples (1kg)

$4.00 COP 12.8K

Banana (1kg)

$1.48 COP 4,719

Oranges (1kg)

$2.12 COP 6,768

Tomato (1kg)

$2.25 COP 7,178

Potato (1kg)

$1.91 COP 6,092

Onion (1kg)

$1.62 COP 5,160

Lettuce (1 head)

$1.15 COP 3,658

Water (1.5 liter bottle)

$1.26 COP 4,021

Cigarettes 20 Pack (Marlboro, Camel)

$3.82 COP 12.2K

Wine (Bottle)

$13.11 COP 41.8K

Local Beer (0.5 liter bottle)

$1.60 COP 5,083

Imported Beer (0.33 liter bottle)

$2.26 COP 7,188

One-way Ticket (Public Transport)

$1.17 COP 3,731

Public Transport Monthly Pass (Regular Price)

$75.0 COP 239.0K

Taxi Start (Normal Tariff)

$1.27 COP 4,056

Taxi (Normal Tariff) (1km)

$2.05 COP 6,531

Taxi 1hour Waiting (Normal Tariff)

$8.20 COP 26.1K

Gasoline (1 liter)

$1.27 COP 4,046

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

$26.8K COP 85.3M

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

$34.4K COP 109.6M

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

$162 COP 516.9K

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

$13.12 COP 41.8K

Internet (50+ Mbps, Unlimited Data)

$28.09 COP 89.5K

Gym Membership (Monthly)

$44.33 COP 141.2K

Tennis Court (1 Hour on Weekend)

$16.33 COP 52.0K

Cinema Ticket

$6.09 COP 19.4K

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

$764 COP 2.4M

International Primary School, 1 Child (Yearly)

$8,904 COP 28.4M

Jeans (Levis 501 Or Similar)

$85.0 COP 270.8K

Summer Dress (H&M, Zara, etc)

$57.5 COP 183.2K

Sport Shoes (Adidas, Nike)

$132 COP 419.8K

Men's Leather Business Shoes

$95.8 COP 305.1K

1-bedroom Apartment, City Center (Monthly)

$1,028 COP 3.3M

1-bedroom Apartment, Outside City Center (Monthly)

$604 COP 1.9M

3-bedroom Apartment, City Center (Monthly)

$1,802 COP 5.7M

3-bedroom Apartment, Outside City Center (Monthly)

$993 COP 3.2M

Buy Apartment in City Center (m2)

$3,921 COP 12.5M

Buy Apartment Outside City Center (m2)

$1,639 COP 5.2M

Average Monthly Net Salary (After Tax)

$626 COP 2.0M

$992 ֏358.7K

-36.90%

20-Year Fixed Mortgage Interest Rate (Annual %)

10.94

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

Last update for Medellin: October 6, 2026

Last update for Alaverdi: October 5, 2026

Monthly budget structure

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

Accommodation & Living

Medellin

$604 38.3%

Alaverdi

–

Groceries & Markets

Medellin

$288 18.3%

Alaverdi

–

Monthly Utilities & Internet

Medellin

$203 12.9%

Alaverdi

–

Clothing & Footwear

Medellin

$166 10.6%

Alaverdi

–

Eating Out

Medellin

$166 10.6%

Alaverdi

–

Getting Around

Medellin

$91 5.8%

Alaverdi

–

Sport & Entertainment

Medellin

$57 3.6%

Alaverdi

–

Cost Breakdown

Salaries run about 58% higher in Alaverdi. Purchasing power depends on which expenses matter most to you.

Good to know

🇨🇴 Medellin

🇦🇲 Alaverdi

🕒 Local time

08:06 8:06 AM

17:06 5:06 PM

9 h ahead of Medellin

🌤 Weather

👥 Population

2,486,723

12,238

💱 Currency

Colombian Peso COP $

Armenian Dram AMD ֏

📈 Exchange rate

10,000 COP = 3.14 USD

10,000 COP = 2.8 EUR

1,000 AMD = 2.77 USD

1,000 AMD = 2.47 EUR

Exchange rates and currency converter

AMD, USD, EUR to COP – Colombian Peso Converter

🇺🇸 United States Dollar ($)

🇨🇴 Colombian Peso ($)

Colombian Peso exchange rates as of October 10, 2026: 1 USD = 3,187 COP (10,000 COP = 3.14 USD). 1 EUR = 3,571 COP (10,000 COP = 2.8 EUR).

Armenian Dram exchange rates as of October 10, 2026: 1 USD = 361 AMD (1,000 AMD = 2.77 USD). 1 EUR = 405 AMD (1,000 AMD = 2.47 EUR).

USD to COP in detail →

On the map

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Medellin Alaverdi 11,990 km ≈ 15 h nonstop flight

From you

Medellin
Alaverdi

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

Medellin vs Alaverdi: Cost of Living - Frequently Asked Questions

Salaries in Alaverdi run about 58% lower, which matters when comparing the full picture. But lower pay doesn't always mean worse – if living costs drop proportionally, your purchasing power may stay the same or even improve.

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