Cost of Living Comparison Between Medellin and Binan City Cost of Living Comparison Between Medellin and Binan City

Monthly Cost of Living

A single person spends $1,034 per month in Medellin vs $901 in Binan City, rent included.

A couple spends around $1,577 per month in Medellin vs $1,376 in Binan City, rent included.

A family of three spends $2,120 per month in Medellin vs $1,850 in Binan City, rent included.

Medellin costs about 15% more than Binan City, driven mainly by Getting Around.

Both Medellin and Binan City are more affordable than the global median – Medellin 23% lower, Binan City 33% lower.

Meal at Budget Restaurant

$5.92 COP 21.4K

$4.76 ₱294

24.37%

Three-Course Dinner for Two, Mid-Range

$32.75 COP 118.2K

$21.05 ₱1,298

55.58%

Fast Food Meal (McDonalds, etc)

$7.20 COP 26.0K

$3.12 ₱193

130.77%

Cappuccino

$1.70 COP 6,140

$2.98 ₱184

-42.95%

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

$1.10 COP 3,966

$0.93 ₱57.7

18.28%

Water (0.33 liter bottle)

$0.72 COP 2,605

$0.38 ₱23.16

89.47%

Local Beer (0.5 liter draught)

$1.67 COP 6,022

$1.23 ₱75.7

35.77%

Imported Beer (0.33 liter bottle)

$3.10 COP 11.2K

$2.65 ₱163

16.98%

Milk (1 liter)

$1.06 COP 3,809

$2.15 ₱133

-50.70%

White Bread (500g)

$1.25 COP 4,497

$1.26 ₱77.4

-0.79%

Rice (white) (1kg)

$1.39 COP 5,022

$1.07 ₱66.3

29.91%

Eggs

$2.26 COP 8,168

$2.00 ₱124

13.00%

Local Cheese (1kg)

$4.33 COP 15.6K

$6.87 ₱424

-36.97%

Chicken Fillets (1kg)

$5.84 COP 21.1K

$4.38 ₱270

33.33%

Beef Round Steak (1kg)

$8.83 COP 31.9K

$7.44 ₱459

18.68%

Apples (1kg)

$2.24 COP 8,099

$4.32 ₱266

-48.15%

Banana (1kg)

$1.08 COP 3,882

$1.52 ₱94.0

-28.95%

Oranges (1kg)

$1.53 COP 5,522

$2.61 ₱161

-41.38%

Tomato (1kg)

$1.37 COP 4,950

$1.70 ₱105

-19.41%

Potato (1kg)

$1.13 COP 4,078

$2.76 ₱171

-59.06%

Onion (1kg)

$1.12 COP 4,036

$2.93 ₱181

-61.77%

Lettuce (1 head)

$0.85 COP 3,057

$1.64 ₱101

-48.17%

Water (1.5 liter bottle)

$0.91 COP 3,281

$1.01 ₱62.2

-9.90%

Cigarettes 20 Pack (Marlboro, Camel)

$2.33 COP 8,414

$3.24 ₱200

-28.09%

Wine (Bottle)

$11.13 COP 40.2K

$8.43 ₱520

32.03%

Local Beer (0.5 liter bottle)

$1.19 COP 4,309

$1.25 ₱77.3

-4.80%

Imported Beer (0.33 liter bottle)

$2.37 COP 8,553

$2.04 ₱126

16.18%

One-way Ticket (Public Transport)

$0.79 COP 2,838

$0.26 ₱15.88

203.85%

Public Transport Monthly Pass (Regular Price)

$41.13 COP 148.5K

Taxi Start (Normal Tariff)

$1.44 COP 5,184

$0.79 ₱48.46

82.28%

Taxi (Normal Tariff) (1km)

$1.91 COP 6,901

$0.24 ₱14.86

695.83%

Taxi 1hour Waiting (Normal Tariff)

$8.02 COP 28.9K

$3.63 ₱224

120.94%

Gasoline (1 liter)

$0.94 COP 3,385

$1.11 ₱68.2

-15.32%

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

$17.9K COP 64.7M

$25.5K ₱1.6M

-29.77%

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

$26.8K COP 96.7M

$20.6K ₱1.3M

30.33%

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

$84.0 COP 303.1K

$167 ₱10.3K

-49.69%

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

$9.60 COP 34.7K

$32.51 ₱2,005

-70.47%

Internet (50+ Mbps, Unlimited Data)

$24.16 COP 87.2K

$34.87 ₱2,151

-30.71%

Gym Membership (Monthly)

$25.88 COP 93.4K

$33.87 ₱2,089

-23.59%

Tennis Court (1 Hour on Weekend)

$19.04 COP 68.7K

Cinema Ticket

$3.92 COP 14.1K

$7.06 ₱435

-44.48%

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

$306 COP 1.1M

$81.3 ₱5,013

276.97%

International Primary School, 1 Child (Yearly)

$5,919 COP 21.4M

$7,161 ₱441.7K

-17.35%

Jeans (Levis 501 Or Similar)

$57.9 COP 209.1K

$32.50 ₱2,004

78.18%

Summer Dress (H&M, Zara, etc)

$31.82 COP 114.9K

$29.77 ₱1,836

6.89%

Sport Shoes (Adidas, Nike)

$99.9 COP 360.6K

$84.7 ₱5,225

17.93%

Men's Leather Business Shoes

$107 COP 386.8K

$94.8 ₱5,845

13.05%

1-bedroom Apartment, City Center (Monthly)

$487 COP 1.8M

$266 ₱16.4K

83.30%

1-bedroom Apartment, Outside City Center (Monthly)

$368 COP 1.3M

$179 ₱11.0K

106.14%

3-bedroom Apartment, City Center (Monthly)

$826 COP 3.0M

$591 ₱36.5K

39.62%

3-bedroom Apartment, Outside City Center (Monthly)

$716 COP 2.6M

$401 ₱24.7K

78.64%

Buy Apartment in City Center (m2)

$2,925 COP 10.6M

Buy Apartment Outside City Center (m2)

$1,407 COP 5.1M

Average Monthly Net Salary (After Tax)

$546 COP 2.0M

20-Year Fixed Mortgage Interest Rate (Annual %)

13.43

6.67

101.35%

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

Last update for Medellin: April 27, 2026

Last update for Binan City: April 26, 2026

Cost Breakdown

A central one-bedroom costs $487 in Medellin versus $266 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 $33.00 in Medellin versus $21.00 in Binan City. Groceries tell a different story – $190 in Medellin vs $221 in Binan City – so Medellin wins on supermarket bills even if dining out costs more.

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 15%, and the gap shows up most in Getting Around. It's not just housing either; the difference applies across most spending categories.

For a comfortable life, plan on about $1,550 per month in Medellin and $1,352 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. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

Monthly expenses with rent come to $1,034 in Medellin and $901 in Binan City. The difference isn't just one category – it shows up across housing, food, transport, and services.

Kindergarten costs $306 per month in Medellin and $81.3 in Binan City. For families with young kids, this one expense can tip the scales when choosing between the two cities.

A $1,500 monthly budget goes further in Binan City, where all-in costs run around $901, than in Medellin at $1,034. 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.

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 Binan City. 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.