Cost of Living Comparison Between Medellin and Canary Islands Cost of Living Comparison Between Medellin and Canary Islands

Monthly Cost of Living

Monthly costs for one person with rent: $1,013 in Medellin versus $1,605 in Canary Islands.

Estimated couple costs with rent: $1,602 in Medellin versus $2,231 in Canary Islands.

Monthly costs for a family of three with rent: $2,192 in Medellin versus $2,858 in Canary Islands.

Living in Medellin costs roughly 37% less than in Canary Islands, driven mainly by Eating Out.

The two cities straddle the global median: Medellin is 24% below, Canary Islands is 20% above.

Meal at Budget Restaurant

$5.99 COP 21.4K

$17.33 €14.91

-65.44%

Three-Course Dinner for Two, Mid-Range

$32.86 COP 117.4K

$57.8 €49.75

-43.19%

Fast Food Meal (McDonalds, etc)

$7.09 COP 25.3K

$9.93 €8.55

-28.60%

Cappuccino

$1.71 COP 6,115

$1.79 €1.54

-4.47%

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

$1.10 COP 3,924

$1.76 €1.51

-37.50%

Water (0.33 liter bottle)

$0.78 COP 2,781

$1.07 €0.92

-27.10%

Local Beer (0.5 liter draught)

$1.68 COP 5,997

$2.93 €2.52

-42.66%

Imported Beer (0.33 liter bottle)

$3.07 COP 11.0K

$3.30 €2.84

-6.97%

Milk (1 liter)

$1.09 COP 3,906

$1.26 €1.08

-13.49%

White Bread (500g)

$1.26 COP 4,508

$1.70 €1.46

-25.88%

Rice (white) (1kg)

$1.38 COP 4,922

$1.50 €1.29

-8.00%

Eggs

$2.19 COP 7,827

$3.03 €2.61

-27.72%

Local Cheese (1kg)

$4.40 COP 15.7K

$17.01 €14.63

-74.13%

Chicken Fillets (1kg)

$5.63 COP 20.1K

$8.31 €7.15

-32.25%

Beef Round Steak (1kg)

$8.89 COP 31.8K

$14.62 €12.58

-39.19%

Apples (1kg)

$2.34 COP 8,349

$2.48 €2.13

-5.65%

Banana (1kg)

$1.06 COP 3,777

$1.70 €1.47

-37.65%

Oranges (1kg)

$1.50 COP 5,374

$1.60 €1.37

-6.25%

Tomato (1kg)

$1.38 COP 4,924

$2.51 €2.16

-45.02%

Potato (1kg)

$1.15 COP 4,111

$1.55 €1.33

-25.81%

Onion (1kg)

$1.16 COP 4,155

$1.71 €1.47

-32.16%

Lettuce (1 head)

$0.89 COP 3,182

$1.54 €1.32

-42.21%

Water (1.5 liter bottle)

$0.84 COP 2,997

$0.69 €0.60

21.74%

Cigarettes 20 Pack (Marlboro, Camel)

$2.28 COP 8,145

$4.83 €4.15

-52.80%

Wine (Bottle)

$10.64 COP 38.0K

$8.17 €7.02

30.23%

Local Beer (0.5 liter bottle)

$1.20 COP 4,284

$1.41 €1.21

-14.89%

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

$1.70 €1.46

-49.41%

Public Transport Monthly Pass (Regular Price)

$41.40 COP 147.9K

$34.27 €29.48

20.81%

Taxi Start (Normal Tariff)

$1.47 COP 5,264

$3.74 €3.21

-60.70%

Taxi (Normal Tariff) (1km)

$1.96 COP 7,009

$1.33 €1.15

47.37%

Taxi 1hour Waiting (Normal Tariff)

$7.74 COP 27.6K

$17.08 €14.69

-54.68%

Gasoline (1 liter)

$0.95 COP 3,409

$1.68 €1.44

-43.45%

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

$18.1K COP 64.7M

$25.9K €22.3K

-30.01%

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

$26.5K COP 94.6M

$29.7K €25.6K

-10.83%

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

$82.3 COP 293.7K

$91.6 €78.8

-10.17%

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

$9.50 COP 33.9K

$21.07 €18.12

-54.91%

Internet (50+ Mbps, Unlimited Data)

$24.23 COP 86.5K

$30.71 €26.42

-21.10%

Gym Membership (Monthly)

$25.89 COP 92.4K

$48.50 €41.72

-46.62%

Tennis Court (1 Hour on Weekend)

$19.00 COP 67.9K

$24.76 €21.30

-23.26%

Cinema Ticket

$3.93 COP 14.0K

$10.08 €8.67

-61.01%

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

$309 COP 1.1M

$341 €294

-9.38%

International Primary School, 1 Child (Yearly)

$5,965 COP 21.3M

$8,375 €7,204

-28.78%

Jeans (Levis 501 Or Similar)

$58.7 COP 209.5K

$69.0 €59.4

-15.01%

Summer Dress (H&M, Zara, etc)

$32.35 COP 115.5K

$33.95 €29.21

-4.71%

Sport Shoes (Adidas, Nike)

$103 COP 366.4K

$79.8 €68.7

28.51%

Men's Leather Business Shoes

$108 COP 387.2K

$70.5 €60.7

53.71%

1-bedroom Apartment, City Center (Monthly)

$476 COP 1.7M

$1,148 €988

-58.53%

1-bedroom Apartment, Outside City Center (Monthly)

$379 COP 1.4M

$707 €608

-46.44%

3-bedroom Apartment, City Center (Monthly)

$838 COP 3.0M

$2,253 €1,938

-62.80%

3-bedroom Apartment, Outside City Center (Monthly)

$724 COP 2.6M

$788 €678

-8.18%

Buy Apartment in City Center (m2)

$2,791 COP 10.0M

$3,480 €2,994

-19.82%

Buy Apartment Outside City Center (m2)

$1,211 COP 4.3M

$2,338 €2,011

-48.18%

Average Monthly Net Salary (After Tax)

$512 COP 1.8M

$1,454 €1,250

-64.79%

20-Year Fixed Mortgage Interest Rate (Annual %)

13.43

3.33

303.30%

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

Last update for Medellin: May 31, 2026

Last update for Canary Islands: June 2, 2026

Cost Breakdown

A one-bedroom apartment in the center runs $476 in Medellin and $1,148 in Canary Islands. Housing cost is often the main lever when comparing two cities.

Canary Islands pays 184% 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: $33.00 in Medellin vs $58.0 in Canary Islands for a mid-range dinner for two. Groceries echo the gap at $188 vs $275 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 Canary Islands: Cost of Living - Frequently Asked Questions

Medellin wins on cost – living expenses run 58% lower than in Canary Islands. Housing and daily spending are where you'll feel the difference most, making Medellin the obvious pick if budget is a priority.

On paper, Canary Islands earns 184% less. 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: $476 in Medellin versus $1,148 in Canary Islands. Housing is usually the single largest factor when comparing overall living costs between the two.

Supermarket bills run roughly 46% higher in Canary Islands. 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 $33.00 versus $58.0 in Canary Islands. If you eat out regularly, this makes a real dent in your monthly spending.

At $1,013 in Medellin versus $1,605 in Canary Islands, a $1,500 budget is realistic in Medellin but tight or insufficient in Canary Islands. The gap between the two cities makes Medellin the clear choice for anyone on this budget.

Both work as nomad bases, but Medellin delivers better value – similar infrastructure at $1,013 monthly. If stretching your runway or maximizing savings is the goal, the price difference makes Medellin hard to pass up.

Safety-wise, Medellin and Canary Islands are on par. Petty crime is typical for cities this size, and most residents feel comfortable going about their daily routines in either place.

Expats usually find Medellin gentler on the wallet – expenses run 58% less than in Canary Islands. Beyond cost, consider language, visa policies, and how big the international community is in each city.