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: $1,716 in Medellin versus $1,937 in Hanko.

Estimated couple costs with rent: $2,527 in Medellin versus $3,000 in Hanko.

Monthly costs for a family of three with rent: $3,338 in Medellin versus $4,062 in Hanko.

Living in Medellin costs roughly 11% less than in Hanko, driven mainly by Eating Out.

Both cities are pricier than the global median: Medellin 25% above, Hanko 41% above.

Meal at Budget Restaurant

$8.03 COP 25.1K

$17.07 €14.69

-52.96%

Three-Course Dinner for Two, Mid-Range

$48.26 COP 150.8K

$92.1 €79.2

-47.59%

Fast Food Meal (McDonalds, etc)

$9.77 COP 30.5K

$12.25 €10.55

-20.24%

Cappuccino

$2.91 COP 9,095

$5.43 €4.67

-46.41%

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

$1.94 COP 6,074

$3.16 €2.72

-38.61%

Water (0.33 liter bottle)

$1.52 COP 4,754

$2.01 €1.73

-24.38%

Local Beer (0.5 liter draught)

$3.09 COP 9,663

$8.29 €7.13

-62.73%

Imported Beer (0.33 liter bottle)

$5.74 COP 17.9K

$9.08 €7.81

-36.78%

Milk (1 liter)

$1.36 COP 4,262

$1.27 €1.10

7.09%

White Bread (500g)

$2.39 COP 7,460

$2.78 €2.39

-14.03%

Rice (white) (1kg)

$1.70 COP 5,314

$2.51 €2.16

-32.27%

Eggs

$2.87 COP 8,967

$3.40 €2.93

-15.59%

Local Cheese (1kg)

$9.94 COP 31.1K

$9.36 €8.05

6.20%

Chicken Fillets (1kg)

$10.78 COP 33.7K

$14.55 €12.52

-25.91%

Beef Round Steak (1kg)

$14.73 COP 46.0K

$22.70 €19.54

-35.11%

Apples (1kg)

$4.09 COP 12.8K

$2.43 €2.09

68.31%

Banana (1kg)

$1.57 COP 4,911

$2.18 €1.88

-27.98%

Oranges (1kg)

$2.13 COP 6,642

$2.66 €2.28

-19.92%

Tomato (1kg)

$2.21 COP 6,917

$4.12 €3.55

-46.36%

Potato (1kg)

$2.05 COP 6,396

$1.30 €1.12

57.69%

Onion (1kg)

$1.50 COP 4,700

$2.00 €1.72

-25.00%

Lettuce (1 head)

$1.19 COP 3,718

$2.99 €2.58

-60.20%

Water (1.5 liter bottle)

$1.16 COP 3,619

$2.07 €1.78

-43.96%

Cigarettes 20 Pack (Marlboro, Camel)

$3.90 COP 12.2K

$13.55 €11.66

-71.22%

Wine (Bottle)

$14.44 COP 45.1K

$16.49 €14.19

-12.43%

Local Beer (0.5 liter bottle)

$1.58 COP 4,948

$3.21 €2.76

-50.78%

Imported Beer (0.33 liter bottle)

$2.83 COP 8,836

$3.50 €3.01

-19.14%

One-way Ticket (Public Transport)

$1.17 COP 3,650

$3.52 €3.03

-66.76%

Public Transport Monthly Pass (Regular Price)

$77.7 COP 242.9K

$72.9 €62.8

6.60%

Taxi Start (Normal Tariff)

$1.28 COP 4,014

$4.63 €3.99

-72.35%

Taxi (Normal Tariff) (1km)

$2.09 COP 6,537

$1.35 €1.16

54.81%

Taxi 1hour Waiting (Normal Tariff)

$8.62 COP 26.9K

$69.6 €59.9

-87.61%

Gasoline (1 liter)

$1.30 COP 4,056

$2.38 €2.05

-45.38%

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

$27.7K COP 86.4M

$38.0K €32.7K

-27.21%

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

$35.5K COP 110.9M

$38.8K €33.4K

-8.58%

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

$176 COP 550.1K

$139 €120

26.47%

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

$13.37 COP 41.8K

$25.15 €21.64

-46.84%

Internet (50+ Mbps, Unlimited Data)

$29.89 COP 93.4K

$25.31 €21.78

18.10%

Gym Membership (Monthly)

$44.76 COP 139.8K

$48.74 €41.94

-8.17%

Tennis Court (1 Hour on Weekend)

$17.06 COP 53.3K

$26.28 €22.61

-35.08%

Cinema Ticket

$6.20 COP 19.4K

$18.68 €16.07

-66.81%

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

$793 COP 2.5M

$343 €295

131.08%

International Primary School, 1 Child (Yearly)

$9,019 COP 28.2M

$12.9K €11.1K

-30.05%

Jeans (Levis 501 Or Similar)

$85.6 COP 267.5K

$99.0 €85.2

-13.50%

Summer Dress (H&M, Zara, etc)

$58.5 COP 182.7K

$49.55 €42.64

18.00%

Sport Shoes (Adidas, Nike)

$136 COP 425.9K

$107 €91.7

27.90%

Men's Leather Business Shoes

$103 COP 322.2K

$160 €138

-35.64%

1-bedroom Apartment, City Center (Monthly)

$1,060 COP 3.3M

$694 €597

52.66%

1-bedroom Apartment, Outside City Center (Monthly)

$680 COP 2.1M

$639 €550

6.36%

3-bedroom Apartment, City Center (Monthly)

$2,012 COP 6.3M

$1,410 €1,213

42.74%

3-bedroom Apartment, Outside City Center (Monthly)

$1,169 COP 3.7M

$919 €790

27.22%

Buy Apartment in City Center (m2)

$4,111 COP 12.8M

$3,675 €3,162

11.88%

Buy Apartment Outside City Center (m2)

$1,701 COP 5.3M

$2,304 €1,983

-26.17%

Average Monthly Net Salary (After Tax)

$665 COP 2.1M

$4,583 €3,944

-85.48%

20-Year Fixed Mortgage Interest Rate (Annual %)

10.94

3.51

211.68%

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

Last update for Medellin: August 30, 2026

Last update for Hanko: August 31, 2026

Cost Breakdown

A one-bedroom apartment in the center runs $1,060 in Medellin and $694 in Hanko. Housing cost is often the main lever when comparing two cities.

Hanko pays 589% 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 $92.0 in Hanko for a mid-range dinner for two. Groceries echo the gap at $303 vs $390 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 13% gap adds up to real monthly savings that compound significantly over time.

On paper, salaries run 589% lower in Hanko. 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 $694 in Hanko. Housing is usually the single largest factor when comparing overall living costs between the two.

Childcare runs $793 in Medellin versus $343 in Hanko. Over years of preschool, even a modest monthly gap compounds into a major financial factor for families.

Supermarket bills run roughly 29% higher in Hanko. For households that cook at home regularly, that difference adds up over a month.

At $1,716 in Medellin versus $1,937 in Hanko, a $2,500 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 13% less than in Hanko. Beyond cost, consider language, visa policies, and how big the international community is in each city.