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

Monthly Cost of Living

A single person spends $1,013 per month in Medellin vs $1,723 in Budva, rent included.

A couple spends around $1,602 per month in Medellin vs $2,769 in Budva, rent included.

A family of three spends $2,192 per month in Medellin vs $3,815 in Budva, rent included.

Medellin is about 41% cheaper than Budva, driven mainly by Eating Out.

Medellin sits 24% below the global median, while Budva is 29% above – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$5.99 COP 21.4K

$16.52 €14.21

-63.74%

Three-Course Dinner for Two, Mid-Range

$32.86 COP 117.4K

$65.8 €56.6

-50.07%

Fast Food Meal (McDonalds, etc)

$7.09 COP 25.3K

$11.51 €9.90

-38.40%

Cappuccino

$1.71 COP 6,115

$2.86 €2.46

-40.21%

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

$1.10 COP 3,924

$2.20 €1.89

-50.00%

Water (0.33 liter bottle)

$0.78 COP 2,781

$1.43 €1.23

-45.45%

Local Beer (0.5 liter draught)

$1.68 COP 5,997

$3.44 €2.96

-51.16%

Imported Beer (0.33 liter bottle)

$3.07 COP 11.0K

$3.80 €3.27

-19.21%

Milk (1 liter)

$1.09 COP 3,906

$1.37 €1.18

-20.44%

White Bread (500g)

$1.26 COP 4,508

$1.11 €0.95

13.51%

Rice (white) (1kg)

$1.38 COP 4,922

$2.37 €2.04

-41.77%

Eggs

$2.19 COP 7,827

$3.26 €2.81

-32.82%

Local Cheese (1kg)

$4.40 COP 15.7K

$9.03 €7.77

-51.27%

Chicken Fillets (1kg)

$5.63 COP 20.1K

$8.02 €6.90

-29.80%

Beef Round Steak (1kg)

$8.89 COP 31.8K

$11.86 €10.21

-25.04%

Apples (1kg)

$2.34 COP 8,349

$1.30 €1.12

80.00%

Banana (1kg)

$1.06 COP 3,777

$1.79 €1.54

-40.78%

Oranges (1kg)

$1.50 COP 5,374

$1.67 €1.44

-10.18%

Tomato (1kg)

$1.38 COP 4,924

$2.93 €2.52

-52.90%

Potato (1kg)

$1.15 COP 4,111

$1.04 €0.89

10.58%

Onion (1kg)

$1.16 COP 4,155

$1.25 €1.08

-7.20%

Lettuce (1 head)

$0.89 COP 3,182

$1.71 €1.47

-47.95%

Water (1.5 liter bottle)

$0.84 COP 2,997

$1.18 €1.01

-28.81%

Cigarettes 20 Pack (Marlboro, Camel)

$2.28 COP 8,145

$4.48 €3.86

-49.11%

Wine (Bottle)

$10.64 COP 38.0K

$6.56 €5.64

62.20%

Local Beer (0.5 liter bottle)

$1.20 COP 4,284

$1.28 €1.10

-6.25%

Imported Beer (0.33 liter bottle)

$2.47 COP 8,824

$1.72 €1.48

43.60%

One-way Ticket (Public Transport)

$0.86 COP 3,056

$2.29 €1.97

-62.45%

Public Transport Monthly Pass (Regular Price)

$41.40 COP 147.9K

$40.39 €34.75

2.50%

Taxi Start (Normal Tariff)

$1.47 COP 5,264

$1.18 €1.01

24.58%

Taxi (Normal Tariff) (1km)

$1.96 COP 7,009

$1.02 €0.88

92.16%

Taxi 1hour Waiting (Normal Tariff)

$7.74 COP 27.6K

$17.20 €14.80

-55.00%

Gasoline (1 liter)

$0.95 COP 3,409

$1.78 €1.53

-46.63%

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

$18.1K COP 64.7M

$29.8K €25.7K

-39.25%

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

$26.5K COP 94.6M

$26.2K €22.6K

0.94%

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

$82.3 COP 293.7K

$159 €137

-48.36%

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

$9.50 COP 33.9K

$18.52 €15.93

-48.70%

Internet (50+ Mbps, Unlimited Data)

$24.23 COP 86.5K

$33.49 €28.81

-27.65%

Gym Membership (Monthly)

$25.89 COP 92.4K

$60.2 €51.8

-56.96%

Tennis Court (1 Hour on Weekend)

$19.00 COP 67.9K

$23.86 €20.52

-20.37%

Cinema Ticket

$3.93 COP 14.0K

$5.68 €4.89

-30.81%

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

$309 COP 1.1M

$419 €361

-26.21%

International Primary School, 1 Child (Yearly)

$5,965 COP 21.3M

$10.2K €8,803

-41.71%

Jeans (Levis 501 Or Similar)

$58.7 COP 209.5K

$118 €101

-50.21%

Summer Dress (H&M, Zara, etc)

$32.35 COP 115.5K

$49.05 €42.19

-34.05%

Sport Shoes (Adidas, Nike)

$103 COP 366.4K

$112 €96.1

-8.18%

Men's Leather Business Shoes

$108 COP 387.2K

$206 €177

-47.39%

1-bedroom Apartment, City Center (Monthly)

$476 COP 1.7M

$938 €807

-49.26%

1-bedroom Apartment, Outside City Center (Monthly)

$379 COP 1.4M

$699 €601

-45.78%

3-bedroom Apartment, City Center (Monthly)

$838 COP 3.0M

$1,748 €1,503

-52.04%

3-bedroom Apartment, Outside City Center (Monthly)

$724 COP 2.6M

$1,415 €1,217

-48.85%

Buy Apartment in City Center (m2)

$2,791 COP 10.0M

$4,240 €3,648

-34.19%

Buy Apartment Outside City Center (m2)

$1,211 COP 4.3M

$3,169 €2,726

-61.77%

Average Monthly Net Salary (After Tax)

$512 COP 1.8M

$1,047 €900

-51.11%

20-Year Fixed Mortgage Interest Rate (Annual %)

13.43

5.93

126.48%

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

Last update for Medellin: May 31, 2026

Last update for Budva: June 2, 2026

Cost Breakdown

A central one-bedroom costs $476 in Medellin versus $938 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 105% higher in Budva, which partly offsets the higher cost of living there. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $33.00 in Medellin versus $66.0 in Budva. Monthly groceries follow the same trend: $188 vs $238 – making Medellin the more affordable choice for daily food spending.

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: $1,013 in Medellin, $1,723 in Budva – roughly 70% apart. Budva costs more across the board, with Eating Out showing the biggest gap.

For a comfortable life, plan on about $1,519 per month in Medellin and $2,584 in Budva. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Medellin, 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 $1,013 in Medellin and $1,723 in Budva. The difference isn't just one category – it shows up across housing, food, transport, and services.

Public transport costs about 3% less in Medellin. For daily commuters, that gap adds up to noticeable savings over a year.

A $1,500 monthly budget goes further in Medellin, where all-in costs run around $1,013, than in Budva at $1,723. In Medellin it covers expenses comfortably, while in Budva 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 $1,013 in Medellin to $1,723 in Budva. 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 Medellin. If higher salaries, better infrastructure, or specific career opportunities are the priority, Budva makes more sense. Both are solid long-term options with distinct trade-offs.