Last update: Nov 2026

Cost of Living Comparison Between Medellin and Binan City

For one person, living is cheaper in Binan City: $724 a month against $1,692 in Medellin, rent and utilities included – about $11,600 less a year. Rent and utilities account for most of the difference.

80

Cost of Living Index in Medellin
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Medellin Living Index
35

Cost of Living Index in Binan City
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Binan City Living Index

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Medellin

🇨🇴 Colombia

$1,692

/mo nomad

Binan City

🇵🇭 Philippines

$724

/mo nomad

Monthly Cost of Living

How much you'll spend in Medellin and in Binan City

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

A single person spends $1,692 per month in Medellin vs $724 in Binan City, rent included.

Medellin $1,692
Binan City $724

A couple spends around $2,471 per month in Medellin vs $1,095 in Binan City, rent included.

Medellin $2,471
Binan City $1,095

A family of three spends $3,249 per month in Medellin vs $1,467 in Binan City, rent included.

Medellin $3,249
Binan City $1,467

Medellin costs about 134% more than Binan City, and outside of rent the biggest gap is in groceries.

Medellin sits 25% above the global median, while Binan City is 46% below – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$8.34 COP 27.0K

$3.95 ₱251

111.14%

Three-Course Dinner for Two, Mid-Range

$46.53 COP 150.9K

$16.37 ₱1,041

184.24%

Fast Food Meal (McDonalds, etc)

$9.47 COP 30.7K

$2.70 ₱172

250.74%

Cappuccino

$3.13 COP 10.2K

$1.81 ₱115

72.93%

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

$1.77 COP 5,727

$0.59 ₱37.77

200.00%

Water (0.33 liter bottle)

$1.42 COP 4,619

$0.31 ₱19.60

358.06%

Local Beer (0.5 liter draught)

$3.15 COP 10.2K

$0.93 ₱59.4

238.71%

Imported Beer (0.33 liter bottle)

$5.70 COP 18.5K

$1.58 ₱101

260.76%

Milk (1 liter)

$1.53 COP 4,969

$1.66 ₱106

-7.83%

White Bread (500g)

$2.29 COP 7,429

$1.11 ₱70.5

106.31%

Rice (white) (1kg)

$1.94 COP 6,306

$1.00 ₱63.9

94.00%

Eggs

$3.07 COP 9,942

$2.03 ₱129

51.23%

Local Cheese (1kg)

$9.99 COP 32.4K

$4.75 ₱302

110.32%

Chicken Fillets (1kg)

$10.45 COP 33.9K

$3.45 ₱219

202.90%

Beef Round Steak (1kg)

$13.96 COP 45.3K

$6.68 ₱425

108.98%

Apples (1kg)

$4.05 COP 13.1K

$2.39 ₱152

69.46%

Banana (1kg)

$1.53 COP 4,956

$1.53 ₱97.1

Oranges (1kg)

$2.10 COP 6,823

$2.38 ₱151

-11.76%

Tomato (1kg)

$2.29 COP 7,437

$1.01 ₱64.3

126.73%

Potato (1kg)

$2.11 COP 6,839

$1.65 ₱105

27.88%

Onion (1kg)

$1.71 COP 5,542

$1.57 ₱99.9

8.92%

Lettuce (1 head)

$1.17 COP 3,794

$0.93 ₱59.3

25.81%

Water (1.5 liter bottle)

$1.58 COP 5,123

$0.53 ₱33.82

198.11%

Cigarettes 20 Pack (Marlboro, Camel)

$3.91 COP 12.7K

$2.59 ₱165

50.97%

Wine (Bottle)

$14.04 COP 45.5K

$7.75 ₱492

81.16%

Local Beer (0.5 liter bottle)

$1.76 COP 5,712

$0.89 ₱56.7

97.75%

Imported Beer (0.33 liter bottle)

$2.71 COP 8,793

$1.95 ₱124

38.97%

One-way Ticket (Public Transport)

$1.18 COP 3,825

$0.24 ₱15.34

391.67%

Public Transport Monthly Pass (Regular Price)

$76.3 COP 247.4K

$12.31 ₱783

519.74%

Taxi Start (Normal Tariff)

$1.81 COP 5,859

$0.66 ₱41.93

174.24%

Taxi (Normal Tariff) (1km)

$2.13 COP 6,904

$0.22 ₱13.98

868.18%

Taxi 1hour Waiting (Normal Tariff)

$8.13 COP 26.4K

$1.85 ₱117

339.46%

Gasoline (1 liter)

$1.28 COP 4,135

$1.20 ₱76.0

6.67%

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

$34.4K COP 111.7M

$21.1K ₱1.3M

63.50%

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

$34.1K COP 110.7M

$19.1K ₱1.2M

78.89%

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

$178 COP 576.3K

$136 ₱8,678

30.21%

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

$13.89 COP 45.0K

$15.50 ₱985

-10.39%

Internet (50+ Mbps, Unlimited Data)

$30.74 COP 99.7K

$31.05 ₱1,974

-1.00%

Gym Membership (Monthly)

$41.94 COP 136.0K

$31.82 ₱2,023

31.80%

Tennis Court (1 Hour on Weekend)

$16.80 COP 54.5K

$5.11 ₱325

228.77%

Cinema Ticket

$7.47 COP 24.2K

$5.10 ₱324

46.47%

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

$790 COP 2.6M

$129 ₱8,191

513.27%

International Primary School, 1 Child (Yearly)

$12.3K COP 39.9M

$7,277 ₱462.6K

68.99%

Jeans (Levis 501 Or Similar)

$86.3 COP 279.9K

$27.80 ₱1,767

210.58%

Summer Dress (H&M, Zara, etc)

$59.3 COP 192.2K

$19.14 ₱1,217

209.61%

Sport Shoes (Adidas, Nike)

$138 COP 448.6K

$70.7 ₱4,498

95.56%

Men's Leather Business Shoes

$98.8 COP 320.4K

$54.4 ₱3,457

81.74%

1-bedroom Apartment, City Center (Monthly)

$1,341 COP 4.3M

$254 ₱16.1K

428.32%

1-bedroom Apartment, Outside City Center (Monthly)

$667 COP 2.2M

$164 ₱10.5K

305.89%

3-bedroom Apartment, City Center (Monthly)

$1,976 COP 6.4M

$485 ₱30.8K

307.50%

3-bedroom Apartment, Outside City Center (Monthly)

$1,033 COP 3.3M

$354 ₱22.5K

192.10%

Buy Apartment in City Center (m2)

$4,098 COP 13.3M

$2,619 ₱166.5K

56.46%

Buy Apartment Outside City Center (m2)

$1,940 COP 6.3M

$1,096 ₱69.7K

76.98%

Average Monthly Net Salary (After Tax)

$646 COP 2.1M

20-Year Fixed Mortgage Interest Rate (Annual %)

10.94

6.75

62.07%

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

Last update for Medellin: November 2, 2026

Last update for Binan City: November 3, 2026

Monthly budget structure

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

Accommodation & Living

Medellin

$667 39.4%

Binan City

$164 22.7% 75.4% $503

Groceries & Markets

Medellin

$307 18.2%

Binan City

$169 23.4% 45% $138

Monthly Utilities & Internet

Medellin

$222 13.1%

Binan City

$183 25.3% 17.7% $39

Eating Out

Medellin

$173 10.2%

Binan City

$73 10.1% 57.8% $100

Clothing & Footwear

Medellin

$172 10.2%

Binan City

$77 10.7% 55.1% $95

Getting Around

Medellin

$93 5.5%

Binan City

$15 2.1% 83.9% $78

Sport & Entertainment

Medellin

$57 3.4%

Binan City

$42 5.8% 26.2% $15

Cost Breakdown

A central one-bedroom costs $1,341 in Medellin versus $254 in Binan City. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

A mid-range dinner for two costs $47 in Medellin versus $16 in Binan City. Monthly groceries follow the same trend: $307 vs $169 – making Binan City the more affordable choice for daily food spending.

Good to know

🇨🇴 Medellin

🇵🇭 Binan City

🕒 Local time

16:20 4:20 PM

05:20 5:20 AM

13 h ahead of Medellin

🌤 Weather

👥 Population

2,486,723

407,037

💱 Currency

Colombian Peso COP $

Philippine Peso PHP ₱

📈 Exchange rate

10,000 COP = 3.08 USD

10,000 COP = 2.74 EUR

100 PHP = 1.57 USD

100 PHP = 1.4 EUR

Exchange rates and currency converter

PHP, USD, EUR to COP – Colombian Peso Converter

🇺🇸 United States Dollar ($)

🇨🇴 Colombian Peso ($)

Colombian Peso exchange rates as of November 4, 2026: 1 USD = 3,242 COP (10,000 COP = 3.08 USD). 1 EUR = 3,650 COP (10,000 COP = 2.74 EUR).

Philippine Peso exchange rates as of November 4, 2026: 1 USD = 63.58 PHP (100 PHP = 1.57 USD). 1 EUR = 71.57 PHP (100 PHP = 1.4 EUR).

USD to COP in detail →

On the map

Lowest

Highest

Between locations

Medellin Binan City 17,080 km ≈ 22 h nonstop flight

From you

Medellin
Binan City

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 Binan City: Cost of Living - Frequently Asked Questions

Yes – Medellin is pricier by about 134%, and outside of rent the gap shows up most in groceries.

For a comfortable life, plan on about $2,538 per month in Medellin and $1,086 in Binan City. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Binan City, especially for central apartments: a one-bedroom in the center costs $254 there versus $1,341 in Medellin.

Kindergarten costs $790 per month in Medellin and $129 in Binan City. For families with young kids, this one expense can tip the scales when choosing between the two cities.

Groceries cost about 82% more in Medellin, though the gap depends on what you buy.

A $1,000 monthly budget goes further in Binan City, where all-in costs run around $724, than in Medellin at $1,692. In Binan City it covers expenses comfortably, while in Medellin it requires careful planning or may not stretch far enough.

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

For expats, Binan City is the easier option financially – housing and daily costs are lower, and overall it costs about 57% less, which matters a lot on a fixed budget or early-career salary.