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: $1,031 in Medellin versus $1,919 in Funchal.

Estimated couple costs with rent: $1,599 in Medellin versus $2,821 in Funchal.

Monthly costs for a family of three with rent: $2,167 in Medellin versus $3,723 in Funchal.

Living in Medellin costs roughly 46% less than in Funchal, driven mainly by Eating Out.

The two cities straddle the global median: Medellin is 23% below, Funchal is 44% above.

Meal at Budget Restaurant

$6.16 COP 20.0K

$11.42 €9.98

-46.06%

Three-Course Dinner for Two, Mid-Range

$32.60 COP 106.0K

$57.6 €50.3

-43.38%

Fast Food Meal (McDonalds, etc)

$7.34 COP 23.9K

$9.36 €8.18

-21.58%

Cappuccino

$1.72 COP 5,592

$1.76 €1.54

-2.27%

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

$1.05 COP 3,416

$1.82 €1.59

-42.31%

Water (0.33 liter bottle)

$0.77 COP 2,511

$1.54 €1.35

-50.00%

Local Beer (0.5 liter draught)

$1.69 COP 5,480

$3.52 €3.08

-51.99%

Imported Beer (0.33 liter bottle)

$3.17 COP 10.3K

$4.09 €3.57

-22.49%

Milk (1 liter)

$1.05 COP 3,418

$1.06 €0.93

-0.94%

White Bread (500g)

$1.30 COP 4,230

$1.88 €1.64

-30.85%

Rice (white) (1kg)

$1.40 COP 4,538

$1.69 €1.48

-17.16%

Eggs

$2.16 COP 7,037

$4.05 €3.54

-46.67%

Local Cheese (1kg)

$4.39 COP 14.3K

$10.57 €9.24

-58.47%

Chicken Fillets (1kg)

$5.88 COP 19.1K

$7.27 €6.35

-19.12%

Beef Round Steak (1kg)

$8.64 COP 28.1K

$11.63 €10.16

-25.71%

Apples (1kg)

$2.28 COP 7,415

$1.97 €1.72

15.74%

Banana (1kg)

$1.11 COP 3,599

$1.83 €1.60

-39.34%

Oranges (1kg)

$1.53 COP 4,976

$1.72 €1.51

-11.05%

Tomato (1kg)

$1.35 COP 4,405

$2.46 €2.15

-45.12%

Potato (1kg)

$1.13 COP 3,669

$2.02 €1.77

-44.06%

Onion (1kg)

$1.13 COP 3,687

$1.88 €1.64

-39.89%

Lettuce (1 head)

$0.85 COP 2,749

$1.75 €1.53

-51.43%

Water (1.5 liter bottle)

$0.91 COP 2,971

$0.74 €0.64

22.97%

Cigarettes 20 Pack (Marlboro, Camel)

$2.34 COP 7,619

$5.92 €5.17

-60.47%

Wine (Bottle)

$12.37 COP 40.2K

$6.98 €6.09

77.22%

Local Beer (0.5 liter bottle)

$1.20 COP 3,904

$1.55 €1.36

-22.58%

Imported Beer (0.33 liter bottle)

$2.49 COP 8,094

$2.99 €2.61

-16.72%

One-way Ticket (Public Transport)

$0.84 COP 2,724

$2.29 €2.00

-63.32%

Public Transport Monthly Pass (Regular Price)

$40.57 COP 131.9K

$34.34 €30.00

18.14%

Taxi Start (Normal Tariff)

$1.42 COP 4,617

$4.03 €3.52

-64.76%

Taxi (Normal Tariff) (1km)

$1.92 COP 6,227

$1.33 €1.16

44.36%

Taxi 1hour Waiting (Normal Tariff)

$7.66 COP 24.9K

$19.15 €16.73

-60.00%

Gasoline (1 liter)

$0.99 COP 3,219

$1.93 €1.69

-48.70%

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

$18.0K COP 58.6M

$35.0K €30.6K

-48.44%

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

$26.6K COP 86.6M

$39.2K €34.2K

-32.01%

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

$80.8 COP 262.7K

$117 €103

-31.20%

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

$9.95 COP 32.3K

$20.15 €17.61

-50.62%

Internet (50+ Mbps, Unlimited Data)

$24.18 COP 78.6K

$46.92 €41.00

-48.47%

Gym Membership (Monthly)

$25.08 COP 81.5K

$43.68 €38.16

-42.58%

Tennis Court (1 Hour on Weekend)

$19.15 COP 62.3K

$8.61 €7.52

122.42%

Cinema Ticket

$3.98 COP 13.0K

$8.93 €7.80

-55.43%

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

$305 COP 992.2K

$450 €393

-32.12%

International Primary School, 1 Child (Yearly)

$6,059 COP 19.7M

$6,452 €5,637

-6.10%

Jeans (Levis 501 Or Similar)

$58.1 COP 189.0K

$65.2 €57.0

-10.87%

Summer Dress (H&M, Zara, etc)

$32.20 COP 104.7K

$34.59 €30.22

-6.91%

Sport Shoes (Adidas, Nike)

$101 COP 327.5K

$81.3 €71.0

23.88%

Men's Leather Business Shoes

$108 COP 350.3K

$75.5 €66.0

42.64%

1-bedroom Apartment, City Center (Monthly)

$477 COP 1.5M

$1,398 €1,221

-65.91%

1-bedroom Apartment, Outside City Center (Monthly)

$376 COP 1.2M

$1,057 €923

-64.41%

3-bedroom Apartment, City Center (Monthly)

$845 COP 2.7M

$2,504 €2,188

-66.26%

3-bedroom Apartment, Outside City Center (Monthly)

$730 COP 2.4M

$1,731 €1,512

-57.81%

Buy Apartment in City Center (m2)

$3,215 COP 10.5M

$4,928 €4,306

-34.75%

Buy Apartment Outside City Center (m2)

$1,372 COP 4.5M

$3,279 €2,865

-58.15%

Average Monthly Net Salary (After Tax)

$617 COP 2.0M

$1,328 €1,160

-53.56%

20-Year Fixed Mortgage Interest Rate (Annual %)

13.43

5.27

154.84%

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

Last update for Medellin: July 12, 2026

Last update for Funchal: July 13, 2026

Cost Breakdown

A one-bedroom apartment in the center runs $477 in Medellin and $1,398 in Funchal. Housing cost is often the main lever when comparing two cities.

Funchal pays 115% 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 Funchal for a mid-range dinner for two. Groceries echo the gap at $193 vs $249 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 Funchal: Cost of Living - Frequently Asked Questions

Medellin and Funchal differ by about 86% in total monthly costs ($1,031 vs $1,919 including rent). Medellin is meaningfully more affordable – a gap that matters a lot on a fixed or modest income.

On paper, salaries run 115% 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: $477 in Medellin versus $1,398 in Funchal. Housing is usually the single largest factor when comparing overall living costs between the two.

All in, you'll spend $1,031 per month in Medellin versus $1,919 in Funchal – a 86% gap that adds up to real savings over time for anyone picking the cheaper option.

A monthly transit pass in Medellin runs roughly 18% less than in Funchal. Both cities have functional networks, but the price difference matters if you're watching your budget.

At $1,031 in Medellin versus $1,919 in Funchal, a $1,500 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 86% less than in Funchal. Beyond cost, consider language, visa policies, and how big the international community is in each city.