Cost of Living Comparison Between Medellin and Binghamton, NY Cost of Living Comparison Between Medellin and Binghamton, NY

Monthly Cost of Living

Monthly costs for one person with rent: $1,716 in Medellin versus $2,221 in Binghamton, NY.

Estimated couple costs with rent: $2,527 in Medellin versus $3,337 in Binghamton, NY.

Monthly costs for a family of three with rent: $3,338 in Medellin versus $4,452 in Binghamton, NY.

Living in Medellin costs roughly 23% less than in Binghamton, NY, driven mainly by Eating Out.

Both cities are pricier than the global median: Medellin 25% above, Binghamton, NY 62% above.

Meal at Budget Restaurant

$8.03 COP 25.3K

$19.63 $19.63

-59.09%

Three-Course Dinner for Two, Mid-Range

$48.26 COP 152.3K

$50.2 $50.2

-3.86%

Fast Food Meal (McDonalds, etc)

$9.77 COP 30.8K

$10.07 $10.07

-2.98%

Cappuccino

$2.91 COP 9,185

$4.73 $4.73

-38.48%

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

$1.94 COP 6,134

$2.15 $2.15

-9.77%

Water (0.33 liter bottle)

$1.52 COP 4,801

$1.53 $1.53

-0.65%

Local Beer (0.5 liter draught)

$3.09 COP 9,759

$4.91 $4.91

-37.07%

Imported Beer (0.33 liter bottle)

$5.74 COP 18.1K

$5.46 $5.46

5.13%

Milk (1 liter)

$1.36 COP 4,304

$0.90 $0.90

51.11%

White Bread (500g)

$2.39 COP 7,534

$3.20 $3.20

-25.31%

Rice (white) (1kg)

$1.70 COP 5,366

$5.22 $5.22

-67.43%

Eggs

$2.87 COP 9,056

$4.28 $4.28

-32.94%

Local Cheese (1kg)

$9.94 COP 31.4K

$12.42 $12.42

-19.97%

Chicken Fillets (1kg)

$10.78 COP 34.0K

$11.90 $11.90

-9.41%

Beef Round Steak (1kg)

$14.73 COP 46.5K

$15.81 $15.81

-6.83%

Apples (1kg)

$4.09 COP 12.9K

$5.11 $5.11

-19.96%

Banana (1kg)

$1.57 COP 4,960

$1.73 $1.73

-9.25%

Oranges (1kg)

$2.13 COP 6,708

$5.94 $5.94

-64.14%

Tomato (1kg)

$2.21 COP 6,985

$5.05 $5.05

-56.24%

Potato (1kg)

$2.05 COP 6,460

$4.50 $4.50

-54.44%

Onion (1kg)

$1.50 COP 4,747

$3.08 $3.08

-51.30%

Lettuce (1 head)

$1.19 COP 3,755

$2.04 $2.04

-41.67%

Water (1.5 liter bottle)

$1.16 COP 3,654

$2.87 $2.87

-59.58%

Cigarettes 20 Pack (Marlboro, Camel)

$3.90 COP 12.3K

$11.34 $11.34

-65.61%

Wine (Bottle)

$14.44 COP 45.6K

$19.91 $19.91

-27.47%

Local Beer (0.5 liter bottle)

$1.58 COP 4,997

$1.69 $1.69

-6.51%

Imported Beer (0.33 liter bottle)

$2.83 COP 8,923

$3.28 $3.28

-13.72%

One-way Ticket (Public Transport)

$1.17 COP 3,686

$1.94 $1.94

-39.69%

Public Transport Monthly Pass (Regular Price)

$77.7 COP 245.3K

$69.0 $69.0

12.68%

Taxi Start (Normal Tariff)

$1.28 COP 4,054

$3.02 $3.02

-57.62%

Taxi (Normal Tariff) (1km)

$2.09 COP 6,602

$2.07 $2.07

0.97%

Taxi 1hour Waiting (Normal Tariff)

$8.62 COP 27.2K

$24.22 $24.22

-64.41%

Gasoline (1 liter)

$1.30 COP 4,096

$0.91 $0.91

42.86%

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

$27.7K COP 87.3M

$30.5K $30.5K

-9.20%

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

$35.5K COP 112.0M

$25.0K $25.0K

42.23%

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

$176 COP 555.6K

$213 $213

-17.39%

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

$13.37 COP 42.2K

$64.3 $64.3

-79.20%

Internet (50+ Mbps, Unlimited Data)

$29.89 COP 94.3K

$67.2 $67.2

-55.51%

Gym Membership (Monthly)

$44.76 COP 141.2K

$51.5 $51.5

-13.12%

Tennis Court (1 Hour on Weekend)

$17.06 COP 53.8K

$39.84 $39.84

-57.18%

Cinema Ticket

$6.20 COP 19.6K

$13.10 $13.10

-52.67%

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

$793 COP 2.5M

$1,233 $1,233

-35.65%

International Primary School, 1 Child (Yearly)

$9,019 COP 28.5M

$23.8K $23.8K

-62.09%

Jeans (Levis 501 Or Similar)

$85.6 COP 270.1K

$41.19 $41.19

107.84%

Summer Dress (H&M, Zara, etc)

$58.5 COP 184.5K

$41.23 $41.23

41.81%

Sport Shoes (Adidas, Nike)

$136 COP 430.1K

$75.6 $75.6

80.27%

Men's Leather Business Shoes

$103 COP 325.4K

$132 $132

-21.61%

1-bedroom Apartment, City Center (Monthly)

$1,060 COP 3.3M

$1,084 $1,084

-2.22%

1-bedroom Apartment, Outside City Center (Monthly)

$680 COP 2.1M

$871 $871

-21.99%

3-bedroom Apartment, City Center (Monthly)

$2,012 COP 6.3M

$2,142 $2,142

-6.06%

3-bedroom Apartment, Outside City Center (Monthly)

$1,169 COP 3.7M

$1,543 $1,543

-24.28%

Buy Apartment in City Center (m2)

$4,111 COP 13.0M

$1,240 $1,240

231.61%

Buy Apartment Outside City Center (m2)

$1,701 COP 5.4M

$1,231 $1,231

38.21%

Average Monthly Net Salary (After Tax)

$665 COP 2.1M

$3,669 $3,669

-81.87%

20-Year Fixed Mortgage Interest Rate (Annual %)

10.94

6.17

77.31%

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

Last update for Medellin: August 30, 2026

Last update for Binghamton, NY: August 30, 2026

Cost Breakdown

A one-bedroom apartment in the center runs $1,060 in Medellin and $1,084 in Binghamton, NY. Housing cost is often the main lever when comparing two cities.

Binghamton, NY pays 452% 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: $48.00 in Medellin vs $50.0 in Binghamton, NY for a mid-range dinner for two. Groceries echo the gap at $303 vs $425 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

Medellin vs Binghamton, NY: Cost of Living - Frequently Asked Questions

Medellin is cheaper overall, especially in Groceries & Markets, Eating Out, Sport & Entertainment, Monthly Utilities & Internet. The 29% gap adds up to real monthly savings that compound significantly over time.

On paper, salaries run 452% lower in Binghamton, NY. That's worth factoring in alongside costs, though remote workers earning in a stronger currency may not notice the difference at all.

Rent for a central apartment: $1,060 in Medellin versus $1,084 in Binghamton, NY. Housing is usually the single largest factor when comparing overall living costs between the two.

Supermarket bills run roughly 40% higher in Binghamton, NY. For households that cook at home regularly, that difference adds up over a month.

Dining out is cheaper in Medellin – a meal for two runs $48.00 versus $50.0 in Binghamton, NY. If you eat out regularly, this makes a real dent in your monthly spending.

At $1,716 in Medellin versus $2,221 in Binghamton, NY, a $2,500 budget is realistic in Medellin but tight or insufficient in Binghamton, NY. The gap between the two cities makes Medellin the clear choice for anyone on this budget.

For families, Medellin is more practical. Housing and childcare are both notably cheaper than in Binghamton, NY, and the savings on those two alone free up budget for education, activities, and family trips.

Expats usually find Medellin gentler on the wallet – expenses run 29% less than in Binghamton, NY. Beyond cost, consider language, visa policies, and how big the international community is in each city.