Last update: Oct 2026

Cost of Living Comparison Between Medellin and Gibraltar

For one person, living is cheaper in Medellin: $1,639 a month against $2,921 in Gibraltar, rent and utilities included – about $15,400 less a year. Rent and utilities account for most of the difference.

79

Cost of Living Index in Medellin
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Medellin Living Index
139

Cost of Living Index in Gibraltar
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Gibraltar Living Index

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Medellin

🇨🇴 Colombia

$1,639

/mo nomad

Gibraltar

🇬🇮 Gibraltar

$2,921

/mo nomad

Monthly Cost of Living

How much you'll spend in Medellin and in Gibraltar

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Medellin and in Gibraltar actually costs, broken down by who's living it.

Monthly costs for one person with rent: $1,639 in Medellin versus $2,921 in Gibraltar.

Medellin $1,639
Gibraltar $2,921

Estimated couple costs with rent: $2,413 in Medellin versus $4,544 in Gibraltar.

Medellin $2,413
Gibraltar $4,544

Monthly costs for a family of three with rent: $3,186 in Medellin versus $6,167 in Gibraltar.

Medellin $3,186
Gibraltar $6,167

Living in Medellin costs roughly 44% less than in Gibraltar, and outside of rent the biggest gap is in eating out.

Both cities are pricier than the global median: Medellin 20% above, Gibraltar 115% above.

Meal at Budget Restaurant

$8.09 COP 25.4K

$20.23 GIP 15.22

-60.01%

Three-Course Dinner for Two, Mid-Range

$47.05 COP 148.0K

$98.2 GIP 73.9

-52.11%

Fast Food Meal (McDonalds, etc)

$9.50 COP 29.9K

$17.87 GIP 13.44

-46.84%

Cappuccino

$3.01 COP 9,485

$4.09 GIP 3.08

-26.41%

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

$1.80 COP 5,660

$2.28 GIP 1.72

-21.05%

Water (0.33 liter bottle)

$1.41 COP 4,443

$2.02 GIP 1.52

-30.20%

Local Beer (0.5 liter draught)

$3.18 COP 9,990

$5.49 GIP 4.13

-42.08%

Imported Beer (0.33 liter bottle)

$5.75 COP 18.1K

$4.65 GIP 3.50

23.66%

Milk (1 liter)

$1.51 COP 4,751

$1.88 GIP 1.42

-19.68%

White Bread (500g)

$2.38 COP 7,480

$2.57 GIP 1.94

-7.39%

Rice (white) (1kg)

$1.77 COP 5,573

$3.37 GIP 2.53

-47.48%

Eggs

$2.89 COP 9,093

$6.22 GIP 4.68

-53.54%

Local Cheese (1kg)

$10.19 COP 32.1K

$12.36 GIP 9.30

-17.56%

Chicken Fillets (1kg)

$9.87 COP 31.1K

$8.49 GIP 6.38

16.25%

Beef Round Steak (1kg)

$13.99 COP 44.0K

$17.66 GIP 13.28

-20.78%

Apples (1kg)

$3.97 COP 12.5K

$2.95 GIP 2.22

34.58%

Banana (1kg)

$1.55 COP 4,883

$2.97 GIP 2.23

-47.81%

Oranges (1kg)

$2.18 COP 6,867

$3.76 GIP 2.83

-42.02%

Tomato (1kg)

$2.18 COP 6,870

$3.31 GIP 2.49

-34.14%

Potato (1kg)

$1.96 COP 6,174

$2.75 GIP 2.07

-28.73%

Onion (1kg)

$1.59 COP 5,000

$2.08 GIP 1.57

-23.56%

Lettuce (1 head)

$1.15 COP 3,604

$1.84 GIP 1.39

-37.50%

Water (1.5 liter bottle)

$1.24 COP 3,911

$1.44 GIP 1.08

-13.89%

Cigarettes 20 Pack (Marlboro, Camel)

$3.96 COP 12.5K

$5.17 GIP 3.89

-23.40%

Wine (Bottle)

$13.68 COP 43.0K

$11.35 GIP 8.54

20.53%

Local Beer (0.5 liter bottle)

$1.66 COP 5,221

$2.70 GIP 2.03

-38.52%

Imported Beer (0.33 liter bottle)

$2.26 COP 7,103

$3.11 GIP 2.34

-27.33%

One-way Ticket (Public Transport)

$1.17 COP 3,674

$3.28 GIP 2.46

-64.33%

Public Transport Monthly Pass (Regular Price)

$77.4 COP 243.4K

Taxi Start (Normal Tariff)

$1.27 COP 3,989

$13.54 GIP 10.18

-90.62%

Taxi (Normal Tariff) (1km)

$2.05 COP 6,442

Taxi 1hour Waiting (Normal Tariff)

$8.55 COP 26.9K

$13.12 GIP 9.87

-34.83%

Gasoline (1 liter)

$1.35 COP 4,237

$1.49 GIP 1.12

-9.40%

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

$34.1K COP 107.2M

$50.2K GIP 37.8K

-32.14%

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

$34.7K COP 109.1M

$30.5K GIP 22.9K

13.79%

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

$170 COP 533.7K

$170 GIP 128

-0.26%

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

$13.55 COP 42.6K

$26.30 GIP 19.79

-48.48%

Internet (50+ Mbps, Unlimited Data)

$28.07 COP 88.3K

$66.9 GIP 50.3

-58.02%

Gym Membership (Monthly)

$43.70 COP 137.5K

$80.4 GIP 60.5

-45.63%

Tennis Court (1 Hour on Weekend)

$17.19 COP 54.1K

$22.52 GIP 16.94

-23.67%

Cinema Ticket

$6.91 COP 21.7K

$13.54 GIP 10.18

-48.97%

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

$797 COP 2.5M

$1,108 GIP 833

-28.10%

International Primary School, 1 Child (Yearly)

$9,112 COP 28.7M

$21.0K GIP 15.8K

-56.62%

Jeans (Levis 501 Or Similar)

$84.7 COP 266.5K

$139 GIP 105

-39.09%

Summer Dress (H&M, Zara, etc)

$58.0 COP 182.3K

$66.9 GIP 50.4

-13.40%

Sport Shoes (Adidas, Nike)

$135 COP 424.6K

$123 GIP 92.6

9.68%

Men's Leather Business Shoes

$97.9 COP 307.9K

$144 GIP 108

-32.13%

1-bedroom Apartment, City Center (Monthly)

$1,208 COP 3.8M

$2,178 GIP 1,638

-44.55%

1-bedroom Apartment, Outside City Center (Monthly)

$642 COP 2.0M

$1,633 GIP 1,229

-60.72%

3-bedroom Apartment, City Center (Monthly)

$2,028 COP 6.4M

$3,817 GIP 2,871

-46.88%

3-bedroom Apartment, Outside City Center (Monthly)

$1,012 COP 3.2M

$3,140 GIP 2,362

-67.77%

Buy Apartment in City Center (m2)

$4,170 COP 13.1M

$13.4K GIP 10.1K

-68.96%

Buy Apartment Outside City Center (m2)

$1,910 COP 6.0M

$8,079 GIP 6,077

-76.35%

Average Monthly Net Salary (After Tax)

$657 COP 2.1M

$2,448 GIP 1,841

-73.15%

20-Year Fixed Mortgage Interest Rate (Annual %)

10.94

6.13

78.47%

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

Last update for Medellin: October 25, 2026

Last update for Gibraltar: October 25, 2026

Monthly budget structure

Share of the monthly basket for one person, rent included.

Accommodation & Living

Medellin

$642 39.1%

Gibraltar

$1.6K 55.9% 155% $992

Groceries & Markets

Medellin

$297 18.1%

Gibraltar

$359 12.3% 20.9% $62

Monthly Utilities & Internet

Medellin

$211 12.9%

Gibraltar

$263 9% 24.6% $52

Eating Out

Medellin

$170 10.4%

Gibraltar

$318 10.9% 87.8% $149

Clothing & Footwear

Medellin

$169 10.3%

Gibraltar

$213 7.3% 26% $44

Getting Around

Medellin

$94 5.7%

Gibraltar

$27 * 0.9% 71.5% $67

Sport & Entertainment

Medellin

$58 3.5%

Gibraltar

$107 3.7% 86.8% $50

Categories marked with * are only partly priced – their share counts the items that do have prices.

Cost Breakdown

A one-bedroom apartment in the center runs $1,208 in Medellin and $2,178 in Gibraltar. Housing cost is often the main lever when comparing two cities.

Gibraltar pays about 3.7 times more on average. How far that income stretches comes down to housing choices and lifestyle.

Dining out: $47 in Medellin vs $98 in Gibraltar for a mid-range dinner for two. Groceries echo the gap at $297 vs $359 per month, with Medellin cheaper across the board.

Good to know

🇨🇴 Medellin

🇬🇮 Gibraltar

🕒 Local time

19:15 7:15 PM

01:15 1:15 AM

6 h ahead of Medellin

🌤 Weather

👥 Population

2,486,723

32,577 Capital

💱 Currency

Colombian Peso COP $

Gibraltar Pound GIP £

📈 Exchange rate

10,000 COP = 3.18 USD

10,000 COP = 2.86 EUR

1 GIP = 1.33 USD

1 GIP = 1.19 EUR

Exchange rates and currency converter

GIP, USD, EUR to COP – Colombian Peso Converter

🇺🇸 United States Dollar ($)

🇨🇴 Colombian Peso ($)

Colombian Peso exchange rates as of October 29, 2026: 1 USD = 3,146 COP (10,000 COP = 3.18 USD). 1 EUR = 3,502 COP (10,000 COP = 2.86 EUR).

Gibraltar Pound exchange rates as of October 29, 2026: 1 USD = 0.752 GIP (1 GIP = 1.33 USD). 1 EUR = 0.837 GIP (1 GIP = 1.19 EUR).

USD to COP in detail →

On the map

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Between locations

Medellin Gibraltar 7,830 km ≈ 10 h nonstop flight

From you

Medellin
Gibraltar

Distances are measured in a straight line. Your location is detected approximately.

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 Gibraltar: Cost of Living - Frequently Asked Questions

Total monthly costs including rent come to $1,639 in Medellin and $2,921 in Gibraltar, so Medellin is about 44% cheaper – a gap that matters a lot on a fixed or modest income.

On paper, salaries run 73% lower in Medellin. 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: $1,208 in Medellin versus $2,178 in Gibraltar. Housing is usually the single largest factor when comparing overall living costs between the two.

Supermarket bills run roughly 21% higher in Gibraltar. For households that cook at home regularly, that difference adds up over a month.

All in, you’ll spend $1,639 per month in Medellin versus $2,921 in Gibraltar – Medellin is about 44% cheaper, which adds up to real savings over time.

At $1,639 in Medellin versus $2,921 in Gibraltar, a $2,500 budget is realistic in Medellin but tight or insufficient in Gibraltar. 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.

It comes down to priorities – Medellin wins on affordability, Gibraltar on earning potential. Factor in climate, language, visa rules, and proximity to places that matter to you before deciding.