Cost of Living Comparison Between Medellin and Cochrane Cost of Living Comparison Between Medellin and Cochrane

Monthly Cost of Living

Monthly costs for one person with rent: $1,031 in Medellin versus $2,345 in Cochrane.

Estimated couple costs with rent: $1,599 in Medellin versus $3,130 in Cochrane.

Monthly costs for a family of three with rent: $2,167 in Medellin versus $3,914 in Cochrane.

Living in Medellin costs roughly 56% less than in Cochrane, driven mainly by Eating Out.

The two cities straddle the global median: Medellin is 23% below, Cochrane is 76% above.

Meal at Budget Restaurant

$6.16 COP 20.1K

$18.45 CA$25.96

-66.61%

Three-Course Dinner for Two, Mid-Range

$32.60 COP 106.1K

$66.1 CA$93.1

-50.70%

Fast Food Meal (McDonalds, etc)

$7.34 COP 23.9K

$10.33 CA$14.53

-28.94%

Cappuccino

$1.72 COP 5,599

$3.69 CA$5.19

-53.39%

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

$1.05 COP 3,420

$2.10 CA$2.96

-50.00%

Water (0.33 liter bottle)

$0.77 COP 2,515

$1.79 CA$2.52

-56.98%

Local Beer (0.5 liter draught)

$1.69 COP 5,487

$5.97 CA$8.40

-71.69%

Imported Beer (0.33 liter bottle)

$3.17 COP 10.3K

$5.84 CA$8.21

-45.72%

Milk (1 liter)

$1.05 COP 3,423

$2.00 CA$2.81

-47.50%

White Bread (500g)

$1.30 COP 4,236

$2.44 CA$3.43

-46.72%

Rice (white) (1kg)

$1.40 COP 4,544

$3.09 CA$4.34

-54.69%

Eggs

$2.16 COP 7,046

$3.22 CA$4.53

-32.92%

Local Cheese (1kg)

$4.39 COP 14.3K

$9.13 CA$12.84

-51.92%

Chicken Fillets (1kg)

$5.88 COP 19.1K

$8.90 CA$12.53

-33.93%

Beef Round Steak (1kg)

$8.64 COP 28.1K

$8.74 CA$12.29

-1.14%

Apples (1kg)

$2.28 COP 7,425

$4.76 CA$6.70

-52.10%

Banana (1kg)

$1.11 COP 3,603

$1.32 CA$1.85

-15.91%

Oranges (1kg)

$1.53 COP 4,982

$3.95 CA$5.56

-61.27%

Tomato (1kg)

$1.35 COP 4,410

$1.45 CA$2.04

-6.90%

Potato (1kg)

$1.13 COP 3,674

$1.50 CA$2.11

-24.67%

Onion (1kg)

$1.13 COP 3,692

$2.15 CA$3.02

-47.44%

Lettuce (1 head)

$0.85 COP 2,753

$2.76 CA$3.88

-69.20%

Water (1.5 liter bottle)

$0.91 COP 2,975

$1.94 CA$2.73

-53.09%

Cigarettes 20 Pack (Marlboro, Camel)

$2.34 COP 7,629

$14.55 CA$20.47

-83.92%

Wine (Bottle)

$12.37 COP 40.3K

$8.57 CA$12.06

44.34%

Local Beer (0.5 liter bottle)

$1.20 COP 3,909

$3.09 CA$4.35

-61.17%

Imported Beer (0.33 liter bottle)

$2.49 COP 8,104

$3.24 CA$4.56

-23.15%

One-way Ticket (Public Transport)

$0.84 COP 2,727

$3.66 CA$5.15

-77.05%

Public Transport Monthly Pass (Regular Price)

$40.57 COP 132.1K

$62.8 CA$88.3

-35.36%

Taxi Start (Normal Tariff)

$1.42 COP 4,623

$3.25 CA$4.57

-56.31%

Taxi (Normal Tariff) (1km)

$1.92 COP 6,235

$1.65 CA$2.32

16.36%

Taxi 1hour Waiting (Normal Tariff)

$7.66 COP 24.9K

$23.07 CA$32.47

-66.80%

Gasoline (1 liter)

$0.99 COP 3,223

$1.07 CA$1.50

-7.48%

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

$18.0K COP 58.7M

$25.2K CA$35.5K

-28.58%

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

$26.6K COP 86.7M

$22.2K CA$31.3K

19.74%

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

$80.8 COP 263.1K

$205 CA$288

-60.56%

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

$9.95 COP 32.4K

$44.64 CA$62.8

-77.71%

Internet (50+ Mbps, Unlimited Data)

$24.18 COP 78.7K

$66.1 CA$93.0

-63.41%

Gym Membership (Monthly)

$25.08 COP 81.6K

$48.55 CA$68.3

-48.34%

Tennis Court (1 Hour on Weekend)

$19.15 COP 62.3K

Cinema Ticket

$3.98 COP 13.0K

$13.38 CA$18.83

-70.25%

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

$305 COP 993.4K

$702 CA$987

-56.50%

International Primary School, 1 Child (Yearly)

$6,059 COP 19.7M

$11.5K CA$16.2K

-47.54%

Jeans (Levis 501 Or Similar)

$58.1 COP 189.2K

$49.03 CA$69.0

18.56%

Summer Dress (H&M, Zara, etc)

$32.20 COP 104.8K

$42.25 CA$59.5

-23.79%

Sport Shoes (Adidas, Nike)

$101 COP 327.9K

$84.5 CA$119

19.26%

Men's Leather Business Shoes

$108 COP 350.8K

$103 CA$145

4.82%

1-bedroom Apartment, City Center (Monthly)

$477 COP 1.6M

$1,249 CA$1,758

-61.86%

1-bedroom Apartment, Outside City Center (Monthly)

$376 COP 1.2M

$1,160 CA$1,632

-67.57%

3-bedroom Apartment, City Center (Monthly)

$845 COP 2.7M

$1,872 CA$2,634

-54.87%

3-bedroom Apartment, Outside City Center (Monthly)

$730 COP 2.4M

$1,379 CA$1,940

-47.03%

Buy Apartment in City Center (m2)

$3,215 COP 10.5M

$22.3K CA$31.3K

-85.55%

Buy Apartment Outside City Center (m2)

$1,372 COP 4.5M

Average Monthly Net Salary (After Tax)

$617 COP 2.0M

$4,055 CA$5,706

-84.79%

20-Year Fixed Mortgage Interest Rate (Annual %)

13.43

168.60%

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

Last update for Medellin: July 12, 2026

Last update for Cochrane: July 14, 2026

Cost Breakdown

A one-bedroom apartment in the center runs $477 in Medellin and $1,249 in Cochrane. Housing cost is often the main lever when comparing two cities.

Cochrane pays 557% 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 $66.0 in Cochrane for a mid-range dinner for two. Groceries echo the gap at $193 vs $305 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 Cochrane: Cost of Living - Frequently Asked Questions

Medellin wins on cost – living expenses run 128% lower than in Cochrane. Housing and daily spending are where you'll feel the difference most, making Medellin the obvious pick if budget is a priority.

On paper, salaries run 557% lower in Cochrane. 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: $477 in Medellin versus $1,249 in Cochrane. Housing is usually the single largest factor when comparing overall living costs between the two.

Dining out is cheaper in Medellin – a meal for two runs $33.00 versus $66.0 in Cochrane. If you eat out regularly, this makes a real dent in your monthly spending.

All in, you'll spend $1,031 per month in Medellin versus $2,345 in Cochrane – a 128% gap that adds up to real savings over time for anyone picking the cheaper option.

At $1,031 in Medellin versus $2,345 in Cochrane, a $1,500 budget is realistic in Medellin but tight or insufficient in Cochrane. 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 $1,031 monthly. If stretching your runway or maximizing savings is the goal, the price difference makes Medellin hard to pass up.

Expats usually find Medellin gentler on the wallet – expenses run 128% less than in Cochrane. Beyond cost, consider language, visa policies, and how big the international community is in each city.