Cost of Living Comparison Between Medellin and Funchal Cost of Living Comparison Between Medellin and Funchal

Monthly Cost of Living

Monthly costs for one person with rent: $1,716 in Medellin versus $2,195 in Funchal.

Estimated couple costs with rent: $2,527 in Medellin versus $3,193 in Funchal.

Monthly costs for a family of three with rent: $3,338 in Medellin versus $4,190 in Funchal.

Living in Medellin costs roughly 22% less than in Funchal, driven mainly by Eating Out.

Both cities are pricier than the global median: Medellin 25% above, Funchal 60% above.

Meal at Budget Restaurant

$8.03 COP 25.3K

$15.73 €13.58

-48.95%

Three-Course Dinner for Two, Mid-Range

$48.26 COP 152.0K

$67.1 €57.9

-28.05%

Fast Food Meal (McDonalds, etc)

$9.77 COP 30.8K

$13.76 €11.88

-29.00%

Cappuccino

$2.91 COP 9,167

$2.03 €1.75

43.35%

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

$1.94 COP 6,122

$1.77 €1.52

9.60%

Water (0.33 liter bottle)

$1.52 COP 4,792

$1.45 €1.25

4.83%

Local Beer (0.5 liter draught)

$3.09 COP 9,740

$2.96 €2.56

4.39%

Imported Beer (0.33 liter bottle)

$5.74 COP 18.1K

$4.00 €3.45

43.50%

Milk (1 liter)

$1.36 COP 4,296

$1.09 €0.94

24.77%

White Bread (500g)

$2.39 COP 7,519

$1.82 €1.57

31.32%

Rice (white) (1kg)

$1.70 COP 5,356

$1.74 €1.50

-2.30%

Eggs

$2.87 COP 9,038

$4.06 €3.50

-29.31%

Local Cheese (1kg)

$9.94 COP 31.3K

$10.50 €9.06

-5.33%

Chicken Fillets (1kg)

$10.78 COP 34.0K

$7.84 €6.76

37.50%

Beef Round Steak (1kg)

$14.73 COP 46.4K

$12.39 €10.70

18.89%

Apples (1kg)

$4.09 COP 12.9K

$1.81 €1.56

125.97%

Banana (1kg)

$1.57 COP 4,950

$1.79 €1.54

-12.29%

Oranges (1kg)

$2.13 COP 6,695

$1.85 €1.59

15.14%

Tomato (1kg)

$2.21 COP 6,972

$2.61 €2.26

-15.33%

Potato (1kg)

$2.05 COP 6,447

$1.99 €1.71

3.02%

Onion (1kg)

$1.50 COP 4,737

$2.08 €1.79

-27.88%

Lettuce (1 head)

$1.19 COP 3,747

$1.69 €1.46

-29.59%

Water (1.5 liter bottle)

$1.16 COP 3,647

$0.83 €0.72

39.76%

Cigarettes 20 Pack (Marlboro, Camel)

$3.90 COP 12.3K

$5.67 €4.89

-31.22%

Wine (Bottle)

$14.44 COP 45.5K

$7.09 €6.12

103.67%

Local Beer (0.5 liter bottle)

$1.58 COP 4,987

$1.32 €1.13

19.70%

Imported Beer (0.33 liter bottle)

$2.83 COP 8,905

$2.60 €2.24

8.85%

One-way Ticket (Public Transport)

$1.17 COP 3,679

$2.29 €1.98

-48.91%

Public Transport Monthly Pass (Regular Price)

$77.7 COP 244.8K

$35.46 €30.60

119.20%

Taxi Start (Normal Tariff)

$1.28 COP 4,045

$4.05 €3.49

-68.40%

Taxi (Normal Tariff) (1km)

$2.09 COP 6,589

$1.46 €1.26

43.15%

Taxi 1hour Waiting (Normal Tariff)

$8.62 COP 27.1K

$19.43 €16.76

-55.64%

Gasoline (1 liter)

$1.30 COP 4,088

$2.07 €1.79

-37.20%

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

$27.7K COP 87.1M

$34.5K €29.8K

-19.90%

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

$35.5K COP 111.8M

$38.9K €33.5K

-8.63%

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

$176 COP 554.5K

$128 €110

37.86%

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

$13.37 COP 42.1K

$17.67 €15.25

-24.34%

Internet (50+ Mbps, Unlimited Data)

$29.89 COP 94.1K

$49.91 €43.07

-40.11%

Gym Membership (Monthly)

$44.76 COP 141.0K

$42.24 €36.45

5.97%

Tennis Court (1 Hour on Weekend)

$17.06 COP 53.7K

$8.55 €7.38

99.53%

Cinema Ticket

$6.20 COP 19.5K

$9.20 €7.94

-32.61%

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

$793 COP 2.5M

$431 €372

84.05%

International Primary School, 1 Child (Yearly)

$9,019 COP 28.4M

$8,907 €7,686

1.26%

Jeans (Levis 501 Or Similar)

$85.6 COP 269.6K

$63.8 €55.1

34.16%

Summer Dress (H&M, Zara, etc)

$58.5 COP 184.1K

$35.11 €30.30

66.53%

Sport Shoes (Adidas, Nike)

$136 COP 429.3K

$91.3 €78.8

49.26%

Men's Leather Business Shoes

$103 COP 324.7K

$78.8 €68.0

30.93%

1-bedroom Apartment, City Center (Monthly)

$1,060 COP 3.3M

$1,536 €1,325

-31.02%

1-bedroom Apartment, Outside City Center (Monthly)

$680 COP 2.1M

$1,269 €1,095

-46.44%

3-bedroom Apartment, City Center (Monthly)

$2,012 COP 6.3M

$2,562 €2,211

-21.48%

3-bedroom Apartment, Outside City Center (Monthly)

$1,169 COP 3.7M

$2,071 €1,787

-43.57%

Buy Apartment in City Center (m2)

$4,111 COP 12.9M

$4,884 €4,215

-15.82%

Buy Apartment Outside City Center (m2)

$1,701 COP 5.4M

$3,454 €2,981

-50.75%

Average Monthly Net Salary (After Tax)

$665 COP 2.1M

$1,461 €1,260

-54.45%

20-Year Fixed Mortgage Interest Rate (Annual %)

10.94

3.59

204.74%

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

Last update for Medellin: August 30, 2026

Last update for Funchal: August 30, 2026

Cost Breakdown

A one-bedroom apartment in the center runs $1,060 in Medellin and $1,536 in Funchal. Housing cost is often the main lever when comparing two cities.

Funchal pays 120% 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 $67.0 in Funchal. Groceries flip the comparison at $303 vs $253, with Funchal cheaper for home cooking.

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 Funchal: Cost of Living - Frequently Asked Questions

Medellin and Funchal differ by about 28% in total monthly costs ($1,716 vs $2,195 including rent). Medellin is meaningfully more affordable – a gap that matters a lot on a fixed or modest income.

On paper, salaries run 120% lower in Funchal. 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 $1,536 in Funchal. Housing is usually the single largest factor when comparing overall living costs between the two.

All in, you'll spend $1,716 per month in Medellin versus $2,195 in Funchal – a 28% gap that adds up to real savings over time for anyone picking the cheaper option.

A monthly transit pass in Medellin runs roughly 119% less than in Funchal. Both cities have functional networks, but the price difference matters if you're watching your budget.

At $1,716 in Medellin versus $2,195 in Funchal, a $2,500 budget is realistic in Medellin but tight or insufficient in Funchal. The gap between the two cities makes Medellin the clear choice for anyone on this budget.

Both cities offer a good standard of living with different trade-offs. Neither is objectively better – the right pick depends on what matters most: affordability, career, cultural scene, or climate.

Safety-wise, Medellin and Funchal 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 28% less than in Funchal. Beyond cost, consider language, visa policies, and how big the international community is in each city.