Cost of Living Comparison Between Medellin and Homestead, FL Cost of Living Comparison Between Medellin and Homestead, FL

Monthly Cost of Living

Monthly costs for one person with rent: $1,034 in Medellin versus $3,623 in Homestead, FL.

Estimated couple costs with rent: $1,577 in Medellin versus $4,259 in Homestead, FL.

Monthly costs for a family of three with rent: $2,120 in Medellin versus $4,894 in Homestead, FL.

Living in Medellin costs roughly 71% less than in Homestead, FL, driven mainly by Eating Out.

The two cities straddle the global median: Medellin is 23% below, Homestead, FL is 171% above.

Meal at Budget Restaurant

$5.92 COP 21.4K

$22.56 $22.56

-73.76%

Three-Course Dinner for Two, Mid-Range

$32.75 COP 118.2K

$90.6 $90.6

-63.86%

Fast Food Meal (McDonalds, etc)

$7.20 COP 26.0K

$12.23 $12.23

-41.13%

Cappuccino

$1.70 COP 6,140

$5.16 $5.16

-67.05%

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

$1.10 COP 3,966

$3.16 $3.16

-65.19%

Water (0.33 liter bottle)

$0.72 COP 2,605

$2.16 $2.16

-66.67%

Local Beer (0.5 liter draught)

$1.67 COP 6,022

$6.57 $6.57

-74.58%

Imported Beer (0.33 liter bottle)

$3.10 COP 11.2K

$6.90 $6.90

-55.07%

Milk (1 liter)

$1.06 COP 3,809

$0.86 $0.86

23.26%

White Bread (500g)

$1.25 COP 4,497

$3.04 $3.04

-58.88%

Rice (white) (1kg)

$1.39 COP 5,022

$5.42 $5.42

-74.35%

Eggs

$2.26 COP 8,168

$1.78 $1.78

26.97%

Local Cheese (1kg)

$4.33 COP 15.6K

$15.62 $15.62

-72.28%

Chicken Fillets (1kg)

$5.84 COP 21.1K

$6.75 $6.75

-13.48%

Beef Round Steak (1kg)

$8.83 COP 31.9K

$15.13 $15.13

-41.64%

Apples (1kg)

$2.24 COP 8,099

$4.05 $4.05

-44.69%

Banana (1kg)

$1.08 COP 3,882

$1.58 $1.58

-31.65%

Oranges (1kg)

$1.53 COP 5,522

$6.19 $6.19

-75.28%

Tomato (1kg)

$1.37 COP 4,950

$5.55 $5.55

-75.32%

Potato (1kg)

$1.13 COP 4,078

$4.52 $4.52

-75.00%

Onion (1kg)

$1.12 COP 4,036

$3.98 $3.98

-71.86%

Lettuce (1 head)

$0.85 COP 3,057

$1.01 $1.01

-15.84%

Water (1.5 liter bottle)

$0.91 COP 3,281

$1.96 $1.96

-53.57%

Cigarettes 20 Pack (Marlboro, Camel)

$2.33 COP 8,414

$5.89 $5.89

-60.44%

Wine (Bottle)

$11.13 COP 40.2K

$13.19 $13.19

-15.62%

Local Beer (0.5 liter bottle)

$1.19 COP 4,309

$2.14 $2.14

-44.39%

Imported Beer (0.33 liter bottle)

$2.37 COP 8,553

$2.15 $2.15

10.23%

One-way Ticket (Public Transport)

$0.79 COP 2,838

$1.98 $1.98

-60.10%

Public Transport Monthly Pass (Regular Price)

$41.13 COP 148.5K

Taxi Start (Normal Tariff)

$1.44 COP 5,184

$2.57 $2.57

-43.97%

Taxi (Normal Tariff) (1km)

$1.91 COP 6,901

$1.60 $1.60

19.37%

Taxi 1hour Waiting (Normal Tariff)

$8.02 COP 28.9K

$29.46 $29.46

-72.78%

Gasoline (1 liter)

$0.94 COP 3,385

$0.91 $0.91

3.30%

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

$17.9K COP 64.7M

$30.5K $30.5K

-41.31%

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

$26.8K COP 96.7M

$25.5K $25.5K

5.12%

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

$84.0 COP 303.1K

$178 $178

-52.77%

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

$9.60 COP 34.7K

$49.75 $49.75

-80.70%

Internet (50+ Mbps, Unlimited Data)

$24.16 COP 87.2K

$80.6 $80.6

-70.04%

Gym Membership (Monthly)

$25.88 COP 93.4K

$43.66 $43.66

-40.72%

Tennis Court (1 Hour on Weekend)

$19.04 COP 68.7K

Cinema Ticket

$3.92 COP 14.1K

$14.58 $14.58

-73.11%

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

$306 COP 1.1M

$823 $823

-62.79%

International Primary School, 1 Child (Yearly)

$5,919 COP 21.4M

$39.4K $39.4K

-84.98%

Jeans (Levis 501 Or Similar)

$57.9 COP 209.1K

$45.39 $45.39

27.58%

Summer Dress (H&M, Zara, etc)

$31.82 COP 114.9K

$35.24 $35.24

-9.70%

Sport Shoes (Adidas, Nike)

$99.9 COP 360.6K

$70.2 $70.2

42.23%

Men's Leather Business Shoes

$107 COP 386.8K

$80.8 $80.8

32.58%

1-bedroom Apartment, City Center (Monthly)

$487 COP 1.8M

$2,717 $2,717

-82.09%

1-bedroom Apartment, Outside City Center (Monthly)

$368 COP 1.3M

$2,435 $2,435

-84.88%

3-bedroom Apartment, City Center (Monthly)

$826 COP 3.0M

$2,651 $2,651

-68.85%

3-bedroom Apartment, Outside City Center (Monthly)

$716 COP 2.6M

$2,200 $2,200

-67.45%

Buy Apartment in City Center (m2)

$2,925 COP 10.6M

$2,888 $2,888

1.28%

Buy Apartment Outside City Center (m2)

$1,407 COP 5.1M

$2,425 $2,425

-41.98%

Average Monthly Net Salary (After Tax)

$546 COP 2.0M

20-Year Fixed Mortgage Interest Rate (Annual %)

13.43

6.5

106.62%

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

Last update for Medellin: April 27, 2026

Last update for Homestead, FL: April 28, 2026

Cost Breakdown

A one-bedroom apartment in the center runs $487 in Medellin and $2,717 in Homestead, FL. Housing cost is often the main lever when comparing two cities.

Dining out: $33.00 in Medellin vs $91.0 in Homestead, FL for a mid-range dinner for two. Groceries echo the gap at $190 vs $367 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 Homestead, FL: Cost of Living - Frequently Asked Questions

Medellin wins on cost – living expenses run 251% lower than in Homestead, FL. Housing and daily spending are where you'll feel the difference most, making Medellin the obvious pick if budget is a priority.

You'd need roughly $1,550 in Medellin and $5,435 in Homestead, FL to live well. The gap comes down to housing and overall price levels. Both cities are liveable on less, but these numbers represent actual comfort.

Rent for a central apartment: $487 in Medellin versus $2,717 in Homestead, FL. Housing is usually the single largest factor when comparing overall living costs between the two.

Supermarket bills run roughly 93% higher in Homestead, FL. For households that cook at home regularly, that difference adds up over a month.

All in, you'll spend $1,034 per month in Medellin versus $3,623 in Homestead, FL – a 251% gap that adds up to real savings over time for anyone picking the cheaper option.

At $1,034 in Medellin versus $3,623 in Homestead, FL, a $1,500 budget is realistic in Medellin but tight or insufficient in Homestead, FL. The gap between the two cities makes Medellin the clear choice for anyone on this budget.

Both work as nomad bases, but Medellin delivers better value – similar infrastructure at $1,034 monthly. If stretching your runway or maximizing savings is the goal, the price difference makes Medellin hard to pass up.

Expats usually find Medellin gentler on the wallet – expenses run 251% less than in Homestead, FL. Beyond cost, consider language, visa policies, and how big the international community is in each city.