Last update: Oct 2026

Cost of Living Comparison Between Medellin and Ibiza

For one person, living is cheaper in Medellin: $1,625 a month against $2,649 in Ibiza, rent and utilities included – about $12,300 less a year. Higher rent and utilities in Ibiza outweigh lower spending on other living expenses.

79

Cost of Living Index in Medellin
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Medellin Living Index
163

Cost of Living Index in Ibiza
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Ibiza Living Index

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Medellin

🇨🇴 Colombia

$1,625

/mo nomad

Ibiza

🇪🇸 Spain

$2,649

/mo nomad

Monthly Cost of Living

How much you'll spend in Medellin and in Ibiza

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 Ibiza actually costs, broken down by who's living it.

Monthly costs for one person with rent: $1,625 in Medellin versus $2,649 in Ibiza.

Medellin $1,625
Ibiza $2,649

Estimated couple costs with rent: $2,412 in Medellin versus $3,706 in Ibiza.

Medellin $2,412
Ibiza $3,706

Monthly costs for a family of three with rent: $3,199 in Medellin versus $4,764 in Ibiza.

Medellin $3,199
Ibiza $4,764

Living in Medellin costs roughly 39% less than in Ibiza, and outside of rent the biggest gap is in groceries.

Both cities are pricier than the global median: Medellin 20% above, Ibiza 95% above.

Meal at Budget Restaurant

$8.30 COP 26.3K

$22.29 €19.83

-62.76%

Three-Course Dinner for Two, Mid-Range

$46.91 COP 148.7K

$88.1 €78.4

-46.76%

Fast Food Meal (McDonalds, etc)

$9.24 COP 29.3K

$12.52 €11.14

-26.20%

Cappuccino

$3.05 COP 9,676

$3.33 €2.96

-8.41%

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

$1.80 COP 5,707

$2.78 €2.47

-35.25%

Water (0.33 liter bottle)

$1.38 COP 4,382

$2.47 €2.20

-44.13%

Local Beer (0.5 liter draught)

$3.24 COP 10.3K

$3.29 €2.93

-1.52%

Imported Beer (0.33 liter bottle)

$5.56 COP 17.6K

$4.05 €3.60

37.28%

Milk (1 liter)

$1.50 COP 4,760

$1.37 €1.22

9.49%

White Bread (500g)

$2.37 COP 7,508

$3.26 €2.90

-27.30%

Rice (white) (1kg)

$1.70 COP 5,377

Eggs

$2.96 COP 9,379

Local Cheese (1kg)

$10.22 COP 32.4K

$20.53 €18.26

-50.22%

Chicken Fillets (1kg)

$9.74 COP 30.9K

Beef Round Steak (1kg)

$13.90 COP 44.1K

Apples (1kg)

$4.13 COP 13.1K

Banana (1kg)

$1.53 COP 4,839

Oranges (1kg)

$2.22 COP 7,052

Tomato (1kg)

$2.27 COP 7,194

Potato (1kg)

$1.99 COP 6,311

Onion (1kg)

$1.67 COP 5,285

Lettuce (1 head)

$1.18 COP 3,742

Water (1.5 liter bottle)

$1.24 COP 3,919

Cigarettes 20 Pack (Marlboro, Camel)

$3.87 COP 12.3K

Wine (Bottle)

$13.78 COP 43.7K

Local Beer (0.5 liter bottle)

$1.66 COP 5,256

$1.32 €1.18

25.76%

Imported Beer (0.33 liter bottle)

$2.40 COP 7,615

One-way Ticket (Public Transport)

$1.24 COP 3,944

$2.28 €2.03

-45.61%

Public Transport Monthly Pass (Regular Price)

$78.2 COP 248.0K

Taxi Start (Normal Tariff)

$1.28 COP 4,044

$4.47 €3.97

-71.36%

Taxi (Normal Tariff) (1km)

$2.15 COP 6,803

$1.38 €1.23

55.80%

Taxi 1hour Waiting (Normal Tariff)

$8.37 COP 26.5K

$25.25 €22.46

-66.85%

Gasoline (1 liter)

$1.35 COP 4,288

$1.85 €1.65

-27.03%

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

$34.8K COP 110.2M

$35.0K €31.2K

-0.74%

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

$34.7K COP 110.0M

$28.8K €25.6K

20.30%

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

$167 COP 528.4K

$210 €187

-20.77%

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

$13.62 COP 43.2K

$19.95 €17.74

-31.73%

Internet (50+ Mbps, Unlimited Data)

$29.12 COP 92.3K

$31.36 €27.90

-7.14%

Gym Membership (Monthly)

$45.09 COP 143.0K

$109 €96.6

-58.50%

Tennis Court (1 Hour on Weekend)

$17.18 COP 54.5K

$56.9 €50.6

-69.82%

Cinema Ticket

$6.97 COP 22.1K

$16.34 €14.53

-57.34%

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

$790 COP 2.5M

$818 €728

-3.41%

International Primary School, 1 Child (Yearly)

$9,041 COP 28.7M

$22.8K €20.3K

-60.29%

Jeans (Levis 501 Or Similar)

$87.8 COP 278.4K

$41.13 €36.59

113.47%

Summer Dress (H&M, Zara, etc)

$58.2 COP 184.4K

Sport Shoes (Adidas, Nike)

$139 COP 440.7K

$68.1 €60.5

104.22%

Men's Leather Business Shoes

$98.9 COP 313.5K

1-bedroom Apartment, City Center (Monthly)

$1,028 COP 3.3M

$2,016 €1,793

-48.99%

1-bedroom Apartment, Outside City Center (Monthly)

$620 COP 2.0M

$1,760 €1,566

-64.81%

3-bedroom Apartment, City Center (Monthly)

$1,881 COP 6.0M

$4,028 €3,583

-53.31%

3-bedroom Apartment, Outside City Center (Monthly)

$1,008 COP 3.2M

$2,672 €2,377

-62.29%

Buy Apartment in City Center (m2)

$3,988 COP 12.6M

$7,116 €6,330

-43.96%

Buy Apartment Outside City Center (m2)

$1,702 COP 5.4M

$2,699 €2,401

-36.94%

Average Monthly Net Salary (After Tax)

$663 COP 2.1M

$1,866 €1,660

-64.45%

20-Year Fixed Mortgage Interest Rate (Annual %)

10.94

3.33

228.53%

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

Last update for Medellin: October 19, 2026

Last update for Ibiza: October 18, 2026

Monthly budget structure

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

Accommodation & Living

Medellin

$619 38.1%

Ibiza

$1.8K 66.5% 184% $1.1K

Groceries & Markets

Medellin

$298 18.3%

Ibiza

$115 * 4.3% 61.6% $183

Monthly Utilities & Internet

Medellin

$209 12.9%

Ibiza

$262 9.9% 24.9% $52

Clothing & Footwear

Medellin

$173 10.6%

Ibiza

$49 * 1.9% 71.5% $124

Eating Out

Medellin

$171 10.5%

Ibiza

$301 11.4% 76.4% $131

Getting Around

Medellin

$95 5.9%

Ibiza

$20 * 0.8% 78.5% $75

Sport & Entertainment

Medellin

$59 3.6%

Ibiza

$141 5.3% 139% $82

Categories marked with * are only partly priced – their share counts the items that do have prices.

Cost Breakdown

A one-bedroom apartment in the center runs $1,028 in Medellin and $2,016 in Ibiza. Housing cost is often the main lever when comparing two cities.

Ibiza pays 181% 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: $47.00 in Medellin vs $88.0 in Ibiza. Groceries flip the comparison at $298 vs $115, with Ibiza cheaper for home cooking.

Good to know

🇨🇴 Medellin

🇪🇸 Ibiza

🕒 Local time

19:15 7:15 PM

02:15 2:15 AM

7 h ahead of Medellin

🌤 Weather

👥 Population

2,486,723

49,727

💱 Currency

Colombian Peso COP $

Euro EUR €

📈 Exchange rate

10,000 COP = 3.15 USD

10,000 COP = 2.81 EUR

1 EUR = 1.12 USD

Exchange rates and currency converter

EUR, USD to COP – Colombian Peso Converter

🇺🇸 United States Dollar ($)

🇨🇴 Colombian Peso ($)

Colombian Peso exchange rates as of October 21, 2026: 1 USD = 3,171 COP (10,000 COP = 3.15 USD). 1 EUR = 3,565 COP (10,000 COP = 2.81 EUR).

Euro exchange rates as of October 21, 2026: 1 USD = 0.889 EUR (1 EUR = 1.12 USD).

USD to COP in detail →

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Between locations

Medellin Ibiza 8,450 km ≈ 11 h nonstop flight

From you

Medellin
Ibiza

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 Ibiza: Cost of Living - Frequently Asked Questions

Medellin and Ibiza differ by about 63% in total monthly costs ($1,625 vs $2,649 including rent). Medellin is meaningfully more affordable – a gap that matters a lot on a fixed or modest income.

On paper, salaries run 181% lower in Ibiza. 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: $1,028 in Medellin versus $2,016 in Ibiza. Housing is usually the single largest factor when comparing overall living costs between the two.

Childcare runs $790 in Medellin versus $818 in Ibiza. Over years of preschool, even a modest monthly gap compounds into a major financial factor for families.

Dining out is cheaper in Medellin – a meal for two runs $47.00 versus $88.0 in Ibiza. If you eat out regularly, this makes a real dent in your monthly spending.

At $1,625 in Medellin versus $2,649 in Ibiza, a $2,500 budget is realistic in Medellin but tight or insufficient in Ibiza. The gap between the two cities makes Medellin the clear choice for anyone on this budget.

Both cities offer a good standard of living with different trade-offs. Neither is objectively better – the right pick depends on what matters most: affordability, career, cultural scene, or climate.

Safety-wise, Medellin and Ibiza 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 63% less than in Ibiza. Beyond cost, consider language, visa policies, and how big the international community is in each city.