Cost of Living Comparison Between Medellin and Hanko Cost of Living Comparison Between Medellin and Hanko

Monthly Cost of Living

Monthly costs for one person with rent: $1,013 in Medellin versus $1,835 in Hanko.

Estimated couple costs with rent: $1,602 in Medellin versus $2,712 in Hanko.

Monthly costs for a family of three with rent: $2,192 in Medellin versus $3,590 in Hanko.

Living in Medellin costs roughly 45% less than in Hanko, driven mainly by Eating Out.

The two cities straddle the global median: Medellin is 24% below, Hanko is 37% above.

Meal at Budget Restaurant

$5.99 COP 21.5K

$15.53 €13.47

-61.43%

Three-Course Dinner for Two, Mid-Range

$32.86 COP 118.1K

$68.5 €59.5

-52.05%

Fast Food Meal (McDonalds, etc)

$7.09 COP 25.5K

$13.81 €11.98

-48.66%

Cappuccino

$1.71 COP 6,155

$4.15 €3.60

-58.80%

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

$1.10 COP 3,950

$1.89 €1.64

-41.80%

Water (0.33 liter bottle)

$0.78 COP 2,799

$1.57 €1.36

-50.32%

Local Beer (0.5 liter draught)

$1.68 COP 6,037

$6.98 €6.05

-75.93%

Imported Beer (0.33 liter bottle)

$3.07 COP 11.0K

$7.92 €6.87

-61.24%

Milk (1 liter)

$1.09 COP 3,931

$1.26 €1.09

-13.49%

White Bread (500g)

$1.26 COP 4,537

$1.77 €1.53

-28.81%

Rice (white) (1kg)

$1.38 COP 4,955

$2.25 €1.95

-38.67%

Eggs

$2.19 COP 7,878

$3.45 €2.99

-36.52%

Local Cheese (1kg)

$4.40 COP 15.8K

$3.54 €3.07

24.29%

Chicken Fillets (1kg)

$5.63 COP 20.2K

$4.54 €3.94

24.01%

Beef Round Steak (1kg)

$8.89 COP 32.0K

$5.71 €4.95

55.69%

Apples (1kg)

$2.34 COP 8,403

$1.12 €0.97

108.93%

Banana (1kg)

$1.06 COP 3,802

$0.90 €0.78

17.78%

Oranges (1kg)

$1.50 COP 5,409

$2.51 €2.18

-40.24%

Tomato (1kg)

$1.38 COP 4,956

$4.32 €3.75

-68.06%

Potato (1kg)

$1.15 COP 4,138

$1.30 €1.13

-11.54%

Onion (1kg)

$1.16 COP 4,183

$1.92 €1.67

-39.58%

Lettuce (1 head)

$0.89 COP 3,203

$1.77 €1.54

-49.72%

Water (1.5 liter bottle)

$0.84 COP 3,016

$1.76 €1.53

-52.27%

Cigarettes 20 Pack (Marlboro, Camel)

$2.28 COP 8,198

$12.90 €11.19

-82.33%

Wine (Bottle)

$10.64 COP 38.3K

$16.75 €14.53

-36.48%

Local Beer (0.5 liter bottle)

$1.20 COP 4,312

$3.27 €2.84

-63.30%

Imported Beer (0.33 liter bottle)

$2.47 COP 8,882

$3.67 €3.19

-32.70%

One-way Ticket (Public Transport)

$0.86 COP 3,076

$3.57 €3.09

-75.91%

Public Transport Monthly Pass (Regular Price)

$41.40 COP 148.8K

$67.7 €58.7

-38.86%

Taxi Start (Normal Tariff)

$1.47 COP 5,298

$9.12 €7.91

-83.88%

Taxi (Normal Tariff) (1km)

$1.96 COP 7,055

$1.22 €1.06

60.66%

Taxi 1hour Waiting (Normal Tariff)

$7.74 COP 27.8K

$96.1 €83.4

-91.94%

Gasoline (1 liter)

$0.95 COP 3,431

$2.18 €1.89

-56.42%

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

$18.1K COP 65.2M

$35.2K €30.6K

-48.54%

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

$26.5K COP 95.2M

$38.9K €33.7K

-31.86%

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

$82.3 COP 295.7K

$237 €205

-65.23%

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

$9.50 COP 34.2K

$30.27 €26.26

-68.62%

Internet (50+ Mbps, Unlimited Data)

$24.23 COP 87.1K

$23.53 €20.41

2.97%

Gym Membership (Monthly)

$25.89 COP 93.0K

$43.73 €37.94

-40.80%

Tennis Court (1 Hour on Weekend)

$19.00 COP 68.3K

$24.39 €21.16

-22.10%

Cinema Ticket

$3.93 COP 14.1K

$17.14 €14.87

-77.07%

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

$309 COP 1.1M

$357 €310

-13.41%

International Primary School, 1 Child (Yearly)

$5,965 COP 21.4M

$7,916 €6,867

-24.65%

Jeans (Levis 501 Or Similar)

$58.7 COP 210.8K

$88.8 €77.0

-33.94%

Summer Dress (H&M, Zara, etc)

$32.35 COP 116.3K

$43.98 €38.16

-26.44%

Sport Shoes (Adidas, Nike)

$103 COP 368.8K

$92.7 €80.4

10.70%

Men's Leather Business Shoes

$108 COP 389.7K

$161 €139

-32.54%

1-bedroom Apartment, City Center (Monthly)

$476 COP 1.7M

$757 €657

-37.09%

1-bedroom Apartment, Outside City Center (Monthly)

$379 COP 1.4M

$639 €555

-40.74%

3-bedroom Apartment, City Center (Monthly)

$838 COP 3.0M

$1,307 €1,134

-35.85%

3-bedroom Apartment, Outside City Center (Monthly)

$724 COP 2.6M

$1,032 €895

-29.86%

Buy Apartment in City Center (m2)

$2,791 COP 10.0M

$4,124 €3,577

-32.33%

Buy Apartment Outside City Center (m2)

$1,211 COP 4.4M

$2,242 €1,945

-45.98%

Average Monthly Net Salary (After Tax)

$512 COP 1.8M

$4,074 €3,534

-87.44%

20-Year Fixed Mortgage Interest Rate (Annual %)

13.43

3.93

241.73%

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

Last update for Medellin: May 31, 2026

Last update for Hanko: June 1, 2026

Cost Breakdown

A one-bedroom apartment in the center runs $476 in Medellin and $757 in Hanko. Housing cost is often the main lever when comparing two cities.

Hanko pays 696% 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 $69.0 in Hanko for a mid-range dinner for two. Groceries echo the gap at $188 vs $239 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 Hanko: Cost of Living - Frequently Asked Questions

Medellin is cheaper overall, especially in Groceries & Markets, Clothing & Footwear, Eating Out, Getting Around, Sport & Entertainment. The 81% gap adds up to real monthly savings that compound significantly over time.

On paper, Hanko earns 696% less. 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: $476 in Medellin versus $757 in Hanko. Housing is usually the single largest factor when comparing overall living costs between the two.

Childcare runs $309 in Medellin versus $357 in Hanko. Over years of preschool, even a modest monthly gap compounds into a major financial factor for families.

Supermarket bills run roughly 27% higher in Hanko. For households that cook at home regularly, that difference adds up over a month.

At $1,013 in Medellin versus $1,835 in Hanko, a $1,500 budget is realistic in Medellin but tight or insufficient in Hanko. The gap between the two cities makes Medellin the clear choice for anyone on this budget.

For families, Medellin is more practical. Housing and childcare are both notably cheaper than in Hanko, and the savings on those two alone free up budget for education, activities, and family trips.

Safety-wise, Medellin and Hanko 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 81% less than in Hanko. Beyond cost, consider language, visa policies, and how big the international community is in each city.