Cost of Living Comparison Between Medellin and Homagama Cost of Living Comparison Between Medellin and Homagama

Monthly Cost of Living

Monthly costs for one person with rent: $1,003 in Medellin versus $517 in Homagama.

Estimated couple costs with rent: $1,573 in Medellin versus $798 in Homagama.

Monthly costs for a family of three with rent: $2,143 in Medellin versus $1,079 in Homagama.

Living in Medellin is roughly 94% more expensive than in Homagama, driven mainly by Clothing & Footwear.

Both cities sit below the global median: Medellin 25% lower, Homagama 61% lower.

Meal at Budget Restaurant

$5.91 COP 18.9K

$3.94 LKR 1,319

50.00%

Three-Course Dinner for Two, Mid-Range

$32.96 COP 105.2K

$25.08 LKR 8,402

31.42%

Fast Food Meal (McDonalds, etc)

$7.43 COP 23.7K

$8.62 LKR 2,888

-13.81%

Cappuccino

$1.65 COP 5,276

$2.74 LKR 918

-39.78%

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

$1.10 COP 3,514

$0.68 LKR 227

61.76%

Water (0.33 liter bottle)

$0.78 COP 2,491

$0.41 LKR 136

90.24%

Local Beer (0.5 liter draught)

$1.72 COP 5,484

$2.29 LKR 767

-24.89%

Imported Beer (0.33 liter bottle)

$3.18 COP 10.1K

$3.31 LKR 1,110

-3.93%

Milk (1 liter)

$1.10 COP 3,521

$1.30 LKR 435

-15.38%

White Bread (500g)

$1.26 COP 4,015

$0.56 LKR 189

125.00%

Rice (white) (1kg)

$1.38 COP 4,407

$0.65 LKR 218

112.31%

Eggs

$2.18 COP 6,950

$1.99 LKR 666

9.55%

Local Cheese (1kg)

$4.49 COP 14.3K

$13.93 LKR 4,667

-67.77%

Chicken Fillets (1kg)

$5.79 COP 18.5K

$4.13 LKR 1,384

40.19%

Beef Round Steak (1kg)

$8.97 COP 28.6K

$7.84 LKR 2,625

14.41%

Apples (1kg)

$2.32 COP 7,405

$7.64 LKR 2,561

-69.63%

Banana (1kg)

$1.06 COP 3,397

$1.03 LKR 345

2.91%

Oranges (1kg)

$1.52 COP 4,838

$5.86 LKR 1,962

-74.06%

Tomato (1kg)

$1.36 COP 4,327

$1.24 LKR 417

9.68%

Potato (1kg)

$1.13 COP 3,599

$1.14 LKR 383

-0.88%

Onion (1kg)

$1.17 COP 3,738

$1.02 LKR 343

14.71%

Lettuce (1 head)

$0.90 COP 2,876

$1.19 LKR 398

-24.37%

Water (1.5 liter bottle)

$0.90 COP 2,861

$0.49 LKR 163

83.67%

Cigarettes 20 Pack (Marlboro, Camel)

$2.23 COP 7,128

$9.85 LKR 3,301

-77.36%

Wine (Bottle)

$12.12 COP 38.7K

$11.87 LKR 3,976

2.11%

Local Beer (0.5 liter bottle)

$1.19 COP 3,793

$2.06 LKR 689

-42.23%

Imported Beer (0.33 liter bottle)

$2.48 COP 7,920

$2.28 LKR 765

8.77%

One-way Ticket (Public Transport)

$0.85 COP 2,723

$0.51 LKR 172

66.67%

Public Transport Monthly Pass (Regular Price)

$41.62 COP 132.8K

Taxi Start (Normal Tariff)

$1.42 COP 4,518

$0.38 LKR 128

273.68%

Taxi (Normal Tariff) (1km)

$1.95 COP 6,223

$0.35 LKR 119

457.14%

Taxi 1hour Waiting (Normal Tariff)

$7.89 COP 25.2K

$0.61 LKR 206

1193.44%

Gasoline (1 liter)

$0.99 COP 3,160

$1.20 LKR 402

-17.50%

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

$17.6K COP 56.2M

$15.3K LKR 5.1M

15.23%

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

$26.8K COP 85.5M

$23.1K LKR 7.8M

15.77%

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

$83.0 COP 264.9K

$23.81 LKR 7,977

248.64%

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

$9.70 COP 30.9K

$3.43 LKR 1,148

182.80%

Internet (50+ Mbps, Unlimited Data)

$23.52 COP 75.0K

$15.16 LKR 5,079

55.15%

Gym Membership (Monthly)

$25.26 COP 80.6K

$6.73 LKR 2,255

275.33%

Tennis Court (1 Hour on Weekend)

$19.10 COP 60.9K

$3.26 LKR 1,091

485.89%

Cinema Ticket

$3.95 COP 12.6K

$3.34 LKR 1,118

18.26%

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

$316 COP 1.0M

$37.26 LKR 12.5K

747.53%

International Primary School, 1 Child (Yearly)

$5,975 COP 19.1M

$436 LKR 146.3K

1268.80%

Jeans (Levis 501 Or Similar)

$60.0 COP 191.4K

$27.19 LKR 9,109

120.67%

Summer Dress (H&M, Zara, etc)

$31.82 COP 101.5K

$13.26 LKR 4,444

139.97%

Sport Shoes (Adidas, Nike)

$102 COP 324.4K

$27.21 LKR 9,116

273.65%

Men's Leather Business Shoes

$107 COP 342.8K

$29.84 LKR 9,998

260.09%

1-bedroom Apartment, City Center (Monthly)

$475 COP 1.5M

$111 LKR 37.0K

329.68%

1-bedroom Apartment, Outside City Center (Monthly)

$374 COP 1.2M

$51.0 LKR 17.1K

632.99%

3-bedroom Apartment, City Center (Monthly)

$849 COP 2.7M

3-bedroom Apartment, Outside City Center (Monthly)

$719 COP 2.3M

Buy Apartment in City Center (m2)

$3,265 COP 10.4M

Buy Apartment Outside City Center (m2)

$1,441 COP 4.6M

Average Monthly Net Salary (After Tax)

$624 COP 2.0M

$147 LKR 49.3K

324.42%

20-Year Fixed Mortgage Interest Rate (Annual %)

13.43

16.45

-18.36%

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

Last update for Medellin: July 27, 2026

Last update for Homagama: July 25, 2026

Cost Breakdown

A one-bedroom apartment in the center runs $475 in Medellin and $111 in Homagama. Housing cost is often the main lever when comparing two cities.

Medellin pays 324% 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 $25.00 in Homagama. Groceries flip the comparison at $193 vs $244, with Medellin cheaper for home cooking.

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 Homagama: Cost of Living - Frequently Asked Questions

Homagama is cheaper overall, especially in Clothing & Footwear, Getting Around, Monthly Utilities & Internet, Sport & Entertainment. The 94% gap adds up to real monthly savings that compound significantly over time.

Average pay runs 324% higher in Medellin, which matters when comparing affordability. Whether that higher income actually nets you more depends on your spending habits and housing choices.

Rent for a central apartment: $475 in Medellin versus $111 in Homagama. Housing is usually the single largest factor when comparing overall living costs between the two.

Childcare runs $316 in Medellin versus $37.26 in Homagama. Over years of preschool, even a modest monthly gap compounds into a major financial factor for families.

Dining out is cheaper in Homagama – a meal for two runs $25.00 versus $33.00 in Medellin. If you eat out regularly, this makes a real dent in your monthly spending.

At $517 in Homagama versus $1,003 in Medellin, a $1,500 budget is realistic in Homagama but tight or insufficient in Medellin. The gap between the two cities makes Homagama the clear choice for anyone on this budget.

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

Safety-wise, Medellin and Homagama 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 Homagama gentler on the wallet – expenses run 94% less than in Medellin. Beyond cost, consider language, visa policies, and how big the international community is in each city.