Cost of Living Comparison Between Medellin and Gyeongju Cost of Living Comparison Between Medellin and Gyeongju

Monthly Cost of Living

A single person spends $1,017 per month in Medellin vs $1,481 in Gyeongju, rent included.

A couple spends around $1,602 per month in Medellin vs $2,299 in Gyeongju, rent included.

A family of three spends $2,188 per month in Medellin vs $3,117 in Gyeongju, rent included.

Medellin is about 31% cheaper than Gyeongju, driven mainly by Groceries & Markets.

Medellin sits 24% below the global median, while Gyeongju is 10% above – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$5.95 COP 20.8K

$7.08 ₩10.8K

-15.96%

Three-Course Dinner for Two, Mid-Range

$33.33 COP 116.3K

$37.44 ₩56.9K

-10.98%

Fast Food Meal (McDonalds, etc)

$7.23 COP 25.2K

$6.17 ₩9,370

17.18%

Cappuccino

$1.63 COP 5,687

$4.02 ₩6,103

-59.45%

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

$1.09 COP 3,821

$1.81 ₩2,752

-39.78%

Water (0.33 liter bottle)

$0.73 COP 2,548

$1.39 ₩2,112

-47.48%

Local Beer (0.5 liter draught)

$1.74 COP 6,065

$3.64 ₩5,527

-52.20%

Imported Beer (0.33 liter bottle)

$3.23 COP 11.3K

$5.85 ₩8,882

-44.79%

Milk (1 liter)

$1.05 COP 3,662

$2.25 ₩3,420

-53.33%

White Bread (500g)

$1.29 COP 4,515

$3.59 ₩5,448

-64.07%

Rice (white) (1kg)

$1.32 COP 4,617

$3.12 ₩4,731

-57.69%

Eggs

$2.27 COP 7,927

$2.93 ₩4,446

-22.53%

Local Cheese (1kg)

$4.35 COP 15.2K

$10.52 ₩16.0K

-58.65%

Chicken Fillets (1kg)

$5.88 COP 20.5K

$8.19 ₩12.4K

-28.21%

Beef Round Steak (1kg)

$8.61 COP 30.0K

$27.12 ₩41.2K

-68.25%

Apples (1kg)

$2.25 COP 7,844

$8.53 ₩13.0K

-73.62%

Banana (1kg)

$1.07 COP 3,733

$3.28 ₩4,986

-67.38%

Oranges (1kg)

$1.52 COP 5,322

$7.34 ₩11.1K

-79.29%

Tomato (1kg)

$1.42 COP 4,964

$5.35 ₩8,126

-73.46%

Potato (1kg)

$1.17 COP 4,084

$5.23 ₩7,948

-77.63%

Onion (1kg)

$1.17 COP 4,077

$2.90 ₩4,409

-59.66%

Lettuce (1 head)

$0.89 COP 3,096

$2.03 ₩3,078

-56.16%

Water (1.5 liter bottle)

$0.90 COP 3,146

$1.15 ₩1,739

-21.74%

Cigarettes 20 Pack (Marlboro, Camel)

$2.25 COP 7,837

$3.34 ₩5,073

-32.63%

Wine (Bottle)

$11.04 COP 38.5K

$12.97 ₩19.7K

-14.88%

Local Beer (0.5 liter bottle)

$1.14 COP 3,977

$1.74 ₩2,648

-34.48%

Imported Beer (0.33 liter bottle)

$2.38 COP 8,301

$3.45 ₩5,240

-31.01%

One-way Ticket (Public Transport)

$0.84 COP 2,916

$1.06 ₩1,611

-20.75%

Public Transport Monthly Pass (Regular Price)

$41.95 COP 146.4K

Taxi Start (Normal Tariff)

$1.41 COP 4,912

$2.87 ₩4,352

-50.87%

Taxi (Normal Tariff) (1km)

$1.90 COP 6,634

$0.86 ₩1,302

120.93%

Taxi 1hour Waiting (Normal Tariff)

$7.75 COP 27.0K

$16.57 ₩25.2K

-53.23%

Gasoline (1 liter)

$1.01 COP 3,509

$1.22 ₩1,859

-17.21%

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

$17.6K COP 61.4M

$27.7K ₩42.0M

-36.50%

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

$26.5K COP 92.5M

$25.3K ₩38.4M

4.74%

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

$83.7 COP 292.1K

$190 ₩288.5K

-55.95%

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

$9.45 COP 33.0K

$46.49 ₩70.6K

-79.67%

Internet (50+ Mbps, Unlimited Data)

$24.11 COP 84.1K

$27.78 ₩42.2K

-13.21%

Gym Membership (Monthly)

$25.31 COP 88.3K

$48.58 ₩73.8K

-47.90%

Tennis Court (1 Hour on Weekend)

$19.14 COP 66.8K

Cinema Ticket

$4.10 COP 14.3K

$10.97 ₩16.7K

-62.63%

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

$312 COP 1.1M

$487 ₩739.0K

-35.90%

International Primary School, 1 Child (Yearly)

$5,993 COP 20.9M

$14.4K ₩21.8M

-58.31%

Jeans (Levis 501 Or Similar)

$58.0 COP 202.6K

$101 ₩153.4K

-42.55%

Summer Dress (H&M, Zara, etc)

$32.56 COP 113.6K

$47.69 ₩72.4K

-31.73%

Sport Shoes (Adidas, Nike)

$99.6 COP 347.7K

$89.3 ₩135.6K

11.54%

Men's Leather Business Shoes

$109 COP 378.8K

$116 ₩175.8K

-6.26%

1-bedroom Apartment, City Center (Monthly)

$482 COP 1.7M

$451 ₩684.7K

6.96%

1-bedroom Apartment, Outside City Center (Monthly)

$379 COP 1.3M

$379 ₩575.1K

0.21%

3-bedroom Apartment, City Center (Monthly)

$837 COP 2.9M

$1,045 ₩1.6M

-19.84%

3-bedroom Apartment, Outside City Center (Monthly)

$723 COP 2.5M

$779 ₩1.2M

-7.14%

Buy Apartment in City Center (m2)

$2,840 COP 9.9M

$8,950 ₩13.6M

-68.27%

Buy Apartment Outside City Center (m2)

$1,223 COP 4.3M

$5,539 ₩8.4M

-77.92%

Average Monthly Net Salary (After Tax)

$541 COP 1.9M

$1,645 ₩2.5M

-67.13%

20-Year Fixed Mortgage Interest Rate (Annual %)

13.43

4.22

218.25%

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

Last update for Medellin: June 8, 2026

Last update for Gyeongju: June 6, 2026

Cost Breakdown

A central one-bedroom costs $482 in Medellin versus $451 in Gyeongju. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

Salaries run about 204% higher in Gyeongju, which partly offsets the higher cost of living there. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $33.00 in Medellin versus $37.00 in Gyeongju. Monthly groceries follow the same trend: $190 vs $440 – making Medellin the more affordable choice for daily food spending.

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 Gyeongju: Cost of Living - Frequently Asked Questions

Yes – Gyeongju is pricier by about 46%, and the gap shows up most in Groceries & Markets. It's not just housing either; the difference applies across most spending categories.

For a comfortable life, plan on about $1,525 per month in Medellin and $2,221 in Gyeongju. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Medellin, especially for central apartments. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

Monthly expenses with rent come to $1,017 in Medellin and $1,481 in Gyeongju. The difference isn't just one category – it shows up across housing, food, transport, and services.

Kindergarten costs $312 per month in Medellin and $487 in Gyeongju. For families with young kids, this one expense can tip the scales when choosing between the two cities.

A $1,500 monthly budget goes further in Medellin, where all-in costs run around $1,017, than in Gyeongju at $1,481. In Medellin it covers expenses comfortably, while in Gyeongju it requires careful planning or may not stretch far enough.

Families tend to lean toward Medellin – lower housing and cheaper childcare make a real difference, especially on a single income or when paying for private education.

Both have safer and rougher neighborhoods, but overall safety is comparable to other large cities. Neighborhood choice matters more than the city-level comparison – central, well-trafficked areas feel secure in both.

If budget matters most, go with Medellin. If higher salaries, better infrastructure, or specific career opportunities are the priority, Gyeongju makes more sense. Both are solid long-term options with distinct trade-offs.