Last update: Nov 2026

Cost of Living Comparison Between Medellin and Hope

For one person, living is cheaper in Medellin: $1,692 a month against $2,310 in Hope, rent and utilities included – about $7,400 less a year. Rent and utilities account for most of the difference.

80

Cost of Living Index in Medellin
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Medellin Living Index
110

Cost of Living Index in Hope
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Hope Living Index

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Medellin

🇨🇴 Colombia

$1,692

/mo nomad

Hope

🇨🇦 Canada

$2,310

/mo nomad

Monthly Cost of Living

How much you'll spend in Medellin and in Hope

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Medellin and in Hope actually costs, broken down by who's living it.

A single person spends $1,692 per month in Medellin vs $2,310 in Hope, rent included.

Medellin $1,692
Hope $2,310

A couple spends around $2,471 per month in Medellin vs $3,265 in Hope, rent included.

Medellin $2,471
Hope $3,265

A family of three spends $3,249 per month in Medellin vs $4,220 in Hope, rent included.

Medellin $3,249
Hope $4,220

Medellin is about 27% cheaper than Hope, and outside of rent the biggest gap is in groceries.

Both Medellin and Hope sit above the global median – Medellin by 25%, Hope by 71%.

Meal at Budget Restaurant

$8.34 COP 26.9K

$14.23 CA$19.85

-41.39%

Three-Course Dinner for Two, Mid-Range

$46.53 COP 150.2K

$49.46 CA$69.0

-5.92%

Fast Food Meal (McDonalds, etc)

$9.47 COP 30.6K

$9.35 CA$13.04

1.28%

Cappuccino

$3.13 COP 10.1K

$4.55 CA$6.35

-31.21%

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

$1.77 COP 5,702

$1.47 CA$2.06

20.41%

Water (0.33 liter bottle)

$1.42 COP 4,599

$1.78 CA$2.49

-20.22%

Local Beer (0.5 liter draught)

$3.15 COP 10.2K

$4.53 CA$6.32

-30.46%

Imported Beer (0.33 liter bottle)

$5.70 COP 18.4K

$5.81 CA$8.10

-1.89%

Milk (1 liter)

$1.53 COP 4,948

$2.33 CA$3.25

-34.33%

White Bread (500g)

$2.29 COP 7,397

$2.80 CA$3.90

-18.21%

Rice (white) (1kg)

$1.94 COP 6,279

$3.58 CA$5.00

-45.81%

Eggs

$3.07 COP 9,900

$3.17 CA$4.42

-3.15%

Local Cheese (1kg)

$9.99 COP 32.3K

$13.89 CA$19.37

-28.08%

Chicken Fillets (1kg)

$10.45 COP 33.7K

$13.72 CA$19.14

-23.83%

Beef Round Steak (1kg)

$13.96 COP 45.1K

$24.98 CA$34.86

-44.12%

Apples (1kg)

$4.05 COP 13.1K

$4.33 CA$6.04

-6.47%

Banana (1kg)

$1.53 COP 4,934

$1.31 CA$1.83

16.79%

Oranges (1kg)

$2.10 COP 6,794

$4.39 CA$6.12

-52.16%

Tomato (1kg)

$2.29 COP 7,405

$4.54 CA$6.33

-49.56%

Potato (1kg)

$2.11 COP 6,810

$2.82 CA$3.94

-25.18%

Onion (1kg)

$1.71 COP 5,518

$3.70 CA$5.16

-53.78%

Lettuce (1 head)

$1.17 COP 3,778

$2.75 CA$3.84

-57.45%

Water (1.5 liter bottle)

$1.58 COP 5,101

$2.13 CA$2.97

-25.82%

Cigarettes 20 Pack (Marlboro, Camel)

$3.91 COP 12.6K

$14.26 CA$19.89

-72.58%

Wine (Bottle)

$14.04 COP 45.3K

$13.65 CA$19.04

2.86%

Local Beer (0.5 liter bottle)

$1.76 COP 5,688

$2.11 CA$2.94

-16.59%

Imported Beer (0.33 liter bottle)

$2.71 COP 8,756

$2.45 CA$3.42

10.61%

One-way Ticket (Public Transport)

$1.18 COP 3,809

$2.27 CA$3.17

-48.02%

Public Transport Monthly Pass (Regular Price)

$76.3 COP 246.3K

$63.2 CA$88.1

20.79%

Taxi Start (Normal Tariff)

$1.81 COP 5,833

$2.91 CA$4.06

-37.80%

Taxi (Normal Tariff) (1km)

$2.13 COP 6,874

$1.52 CA$2.13

40.13%

Taxi 1hour Waiting (Normal Tariff)

$8.13 COP 26.3K

$26.62 CA$37.14

-69.46%

Gasoline (1 liter)

$1.28 COP 4,117

$1.30 CA$1.81

-1.54%

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

$34.4K COP 111.2M

$27.8K CA$38.7K

24.05%

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

$34.1K COP 110.2M

$20.7K CA$28.8K

65.10%

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

$178 COP 573.8K

$127 CA$177

40.31%

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

$13.89 COP 44.8K

$44.87 CA$62.6

-69.04%

Internet (50+ Mbps, Unlimited Data)

$30.74 COP 99.2K

$53.5 CA$74.6

-42.49%

Gym Membership (Monthly)

$41.94 COP 135.4K

$37.54 CA$52.4

11.72%

Tennis Court (1 Hour on Weekend)

$16.80 COP 54.2K

$18.38 CA$25.64

-8.60%

Cinema Ticket

$7.47 COP 24.1K

$14.38 CA$20.06

-48.05%

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

$790 COP 2.6M

$657 CA$917

20.19%

International Primary School, 1 Child (Yearly)

$12.3K COP 39.7M

$13.4K CA$18.7K

-8.09%

Jeans (Levis 501 Or Similar)

$86.3 COP 278.7K

$52.5 CA$73.3

64.43%

Summer Dress (H&M, Zara, etc)

$59.3 COP 191.3K

$45.90 CA$64.1

29.11%

Sport Shoes (Adidas, Nike)

$138 COP 446.6K

$70.4 CA$98.2

96.56%

Men's Leather Business Shoes

$98.8 COP 319.0K

$71.0 CA$99.1

39.17%

1-bedroom Apartment, City Center (Monthly)

$1,341 COP 4.3M

$1,270 CA$1,772

5.59%

1-bedroom Apartment, Outside City Center (Monthly)

$667 COP 2.2M

$1,156 CA$1,612

-42.26%

3-bedroom Apartment, City Center (Monthly)

$1,976 COP 6.4M

$1,999 CA$2,789

-1.15%

3-bedroom Apartment, Outside City Center (Monthly)

$1,033 COP 3.3M

$1,656 CA$2,310

-37.61%

Buy Apartment in City Center (m2)

$4,098 COP 13.2M

$4,366 CA$6,091

-6.13%

Buy Apartment Outside City Center (m2)

$1,940 COP 6.3M

$3,619 CA$5,049

-46.39%

Average Monthly Net Salary (After Tax)

$646 COP 2.1M

$2,991 CA$4,173

-78.40%

20-Year Fixed Mortgage Interest Rate (Annual %)

10.94

4.76

129.83%

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

Last update for Medellin: November 2, 2026

Last update for Hope: November 3, 2026

Monthly budget structure

Share of the monthly basket for one person, rent included.

Accommodation & Living

Medellin

$667 39.4%

Hope

$1.2K 50% 73.2% $488

Groceries & Markets

Medellin

$307 18.2%

Hope

$428 18.6% 39.4% $121

Monthly Utilities & Internet

Medellin

$222 13.1%

Hope

$225 9.7% 1.2% $2.6

Eating Out

Medellin

$173 10.2%

Hope

$244 10.6% 41.2% $71

Clothing & Footwear

Medellin

$172 10.2%

Hope

$108 4.7% 37.3% $64

Getting Around

Medellin

$93 5.5%

Hope

$83 3.6% 11.4% $11

Sport & Entertainment

Medellin

$57 3.4%

Hope

$66 2.9% 16.5% $9.4

Cost Breakdown

A central one-bedroom costs $1,341 in Medellin versus $1,270 in Hope. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

Salaries in Hope are about 4.6 times higher. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $47 in Medellin versus $49 in Hope. Monthly groceries follow the same trend: $307 vs $428 – making Medellin the more affordable choice for daily food spending.

Good to know

🇨🇴 Medellin

🇨🇦 Hope

🕒 Local time

11:01 11:01 AM

09:01 9:01 AM

2 h behind Medellin

🌤 Weather

👥 Population

2,486,723

6,200

💱 Currency

Colombian Peso COP $

Canadian Dollar CAD $

📈 Exchange rate

10,000 COP = 3.1 USD

10,000 COP = 2.77 EUR

1 CAD = 0.717 USD

1 CAD = 0.64 EUR

Exchange rates and currency converter

CAD, USD, EUR to COP – Colombian Peso Converter

🇺🇸 United States Dollar ($)

🇨🇴 Colombian Peso ($)

Colombian Peso exchange rates as of November 3, 2026: 1 USD = 3,229 COP (10,000 COP = 3.1 USD). 1 EUR = 3,615 COP (10,000 COP = 2.77 EUR).

Canadian Dollar exchange rates as of November 3, 2026: 1 USD = 1.4 CAD (1 CAD = 0.717 USD). 1 EUR = 1.56 CAD (1 CAD = 0.64 EUR).

USD to COP in detail →

On the map

Lowest

Highest

Between locations

Medellin Hope 6,420 km ≈ 9 h nonstop flight

From you

Medellin
Hope

Distances are measured in a straight line. Your location is detected approximately.

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 Hope: Cost of Living - Frequently Asked Questions

Monthly costs with rent: $1,692 in Medellin, $2,310 in Hope – Medellin comes out roughly 27% cheaper. Outside of rent, the biggest gap is in groceries.

For a comfortable life, plan on about $2,538 per month in Medellin and $3,464 in Hope. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

A central 1-bedroom goes for about $1,341 in Medellin and $1,270 in Hope. The gap holds across neighborhoods – outer areas show a similar spread, just at lower price points.

A mid-range dinner for two costs $47 in Medellin and $49 in Hope. That’s a good indicator of the overall restaurant and café pricing gap between the two cities.

Monthly expenses with rent come to $1,692 in Medellin and $2,310 in Hope. That makes Medellin about 27% cheaper.

It depends on your priorities. Medellin has an edge in some lifestyle areas, with costs from $1,692 in Medellin to $2,310 in Hope. Climate, culture, job market, and personal taste all factor in.

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