Cost of Living Comparison Between Medellin and Budva Cost of Living Comparison Between Medellin and Budva

Monthly Cost of Living

A single person spends $1,716 per month in Medellin vs $1,664 in Budva, rent included.

A couple spends around $2,527 per month in Medellin vs $2,659 in Budva, rent included.

A family of three spends $3,338 per month in Medellin vs $3,654 in Budva, rent included.

Medellin costs about 3% more than Budva, driven mainly by Eating Out.

Both Medellin and Budva sit above the global median – Medellin by 25%, Budva by 21%.

Meal at Budget Restaurant

$8.03 COP 25.3K

$15.02 €12.95

-46.54%

Three-Course Dinner for Two, Mid-Range

$48.26 COP 152.3K

$70.0 €60.3

-31.02%

Fast Food Meal (McDonalds, etc)

$9.77 COP 30.8K

$14.11 €12.17

-30.76%

Cappuccino

$2.91 COP 9,185

$3.62 €3.12

-19.61%

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

$1.94 COP 6,134

$2.30 €1.99

-15.65%

Water (0.33 liter bottle)

$1.52 COP 4,801

$1.60 €1.38

-5.00%

Local Beer (0.5 liter draught)

$3.09 COP 9,759

$4.85 €4.18

-36.29%

Imported Beer (0.33 liter bottle)

$5.74 COP 18.1K

$4.42 €3.82

29.86%

Milk (1 liter)

$1.36 COP 4,304

$1.26 €1.09

7.94%

White Bread (500g)

$2.39 COP 7,534

$1.14 €0.98

109.65%

Rice (white) (1kg)

$1.70 COP 5,366

$2.26 €1.95

-24.78%

Eggs

$2.87 COP 9,056

$3.21 €2.77

-10.59%

Local Cheese (1kg)

$9.94 COP 31.4K

$9.19 €7.93

8.16%

Chicken Fillets (1kg)

$10.78 COP 34.0K

$9.56 €8.25

12.76%

Beef Round Steak (1kg)

$14.73 COP 46.5K

$12.85 €11.09

14.63%

Apples (1kg)

$4.09 COP 12.9K

$1.37 €1.19

198.54%

Banana (1kg)

$1.57 COP 4,960

$1.73 €1.50

-9.25%

Oranges (1kg)

$2.13 COP 6,708

$1.53 €1.32

39.22%

Tomato (1kg)

$2.21 COP 6,985

$2.90 €2.50

-23.79%

Potato (1kg)

$2.05 COP 6,460

$0.95 €0.82

115.79%

Onion (1kg)

$1.50 COP 4,747

$1.15 €0.99

30.43%

Lettuce (1 head)

$1.19 COP 3,755

$1.79 €1.55

-33.52%

Water (1.5 liter bottle)

$1.16 COP 3,654

$0.93 €0.80

24.73%

Cigarettes 20 Pack (Marlboro, Camel)

$3.90 COP 12.3K

$4.60 €3.97

-15.22%

Wine (Bottle)

$14.44 COP 45.6K

$7.99 €6.89

80.73%

Local Beer (0.5 liter bottle)

$1.58 COP 4,997

$1.13 €0.97

39.82%

Imported Beer (0.33 liter bottle)

$2.83 COP 8,923

$1.82 €1.57

55.49%

One-way Ticket (Public Transport)

$1.17 COP 3,686

$2.88 €2.48

-59.38%

Public Transport Monthly Pass (Regular Price)

$77.7 COP 245.3K

$41.02 €35.38

89.49%

Taxi Start (Normal Tariff)

$1.28 COP 4,054

$1.14 €0.98

12.28%

Taxi (Normal Tariff) (1km)

$2.09 COP 6,602

$1.19 €1.03

75.63%

Taxi 1hour Waiting (Normal Tariff)

$8.62 COP 27.2K

$17.54 €15.13

-50.86%

Gasoline (1 liter)

$1.30 COP 4,096

$1.76 €1.51

-26.14%

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

$27.7K COP 87.3M

$29.8K €25.7K

-7.04%

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

$35.5K COP 112.0M

$26.3K €22.7K

34.81%

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

$176 COP 555.6K

$169 €146

3.99%

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

$13.37 COP 42.2K

$15.41 €13.29

-13.24%

Internet (50+ Mbps, Unlimited Data)

$29.89 COP 94.3K

$34.50 €29.76

-13.36%

Gym Membership (Monthly)

$44.76 COP 141.2K

$59.9 €51.7

-25.29%

Tennis Court (1 Hour on Weekend)

$17.06 COP 53.8K

$22.34 €19.27

-23.63%

Cinema Ticket

$6.20 COP 19.6K

$6.46 €5.57

-4.02%

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

$793 COP 2.5M

$413 €356

92.14%

International Primary School, 1 Child (Yearly)

$9,019 COP 28.5M

$10.2K €8,829

-11.89%

Jeans (Levis 501 Or Similar)

$85.6 COP 270.1K

$111 €95.8

-22.92%

Summer Dress (H&M, Zara, etc)

$58.5 COP 184.5K

$46.10 €39.76

26.83%

Sport Shoes (Adidas, Nike)

$136 COP 430.1K

$102 €87.9

33.77%

Men's Leather Business Shoes

$103 COP 325.4K

$189 €163

-45.48%

1-bedroom Apartment, City Center (Monthly)

$1,060 COP 3.3M

$812 €700

30.50%

1-bedroom Apartment, Outside City Center (Monthly)

$680 COP 2.1M

$592 €511

14.71%

3-bedroom Apartment, City Center (Monthly)

$2,012 COP 6.3M

$1,543 €1,331

30.37%

3-bedroom Apartment, Outside City Center (Monthly)

$1,169 COP 3.7M

$1,175 €1,014

-0.56%

Buy Apartment in City Center (m2)

$4,111 COP 13.0M

$4,272 €3,684

-3.75%

Buy Apartment Outside City Center (m2)

$1,701 COP 5.4M

$3,029 €2,613

-43.84%

Average Monthly Net Salary (After Tax)

$665 COP 2.1M

$1,056 €911

-36.99%

20-Year Fixed Mortgage Interest Rate (Annual %)

10.94

5.95

83.87%

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

Last update for Medellin: August 30, 2026

Last update for Budva: August 29, 2026

Cost Breakdown

A central one-bedroom costs $1,060 in Medellin versus $812 in Budva. 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 59% higher in Budva, which reinforces the cost advantage – you earn more and spend less. Purchasing power leans clearly in its favor.

A mid-range dinner for two costs $48.00 in Medellin versus $70.0 in Budva. Groceries tell a different story – $303 in Medellin vs $246 in Budva – so Budva 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 Budva: Cost of Living - Frequently Asked Questions

Monthly costs with rent: $1,716 in Medellin, $1,664 in Budva – roughly 3% apart. Medellin costs more across the board, with Eating Out showing the biggest gap.

For a comfortable life, plan on about $2,574 per month in Medellin and $2,497 in Budva. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Budva, 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 $1,716 in Medellin and $1,664 in Budva. The difference isn't just one category – it shows up across housing, food, transport, and services.

Public transport costs about 89% less in Budva. For daily commuters, that gap adds up to noticeable savings over a year.

A $3,000 monthly budget goes further in Budva, where all-in costs run around $1,664, than in Medellin at $1,716. In Budva it covers expenses comfortably, while in Medellin it requires careful planning or may not stretch far enough.

It depends on your priorities. Medellin has an edge in some lifestyle areas, with costs from $1,664 in Budva to $1,716 in Medellin. Climate, culture, job market, and personal taste all factor in.

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 Budva. 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.