Cost of Living Comparison Between Medellin and Ierapetra Cost of Living Comparison Between Medellin and Ierapetra

Monthly Cost of Living

Monthly costs for one person with rent: $1,017 in Medellin versus $1,403 in Ierapetra.

Estimated couple costs with rent: $1,602 in Medellin versus $2,076 in Ierapetra.

Monthly costs for a family of three with rent: $2,188 in Medellin versus $2,749 in Ierapetra.

Living in Medellin costs roughly 28% less than in Ierapetra, driven mainly by Groceries & Markets.

The two cities straddle the global median: Medellin is 24% below, Ierapetra is 4% above.

Meal at Budget Restaurant

$5.95 COP 20.8K

$6.79 €5.85

-12.37%

Three-Course Dinner for Two, Mid-Range

$33.33 COP 116.3K

$46.55 €40.11

-28.40%

Fast Food Meal (McDonalds, etc)

$7.23 COP 25.2K

$11.78 €10.15

-38.62%

Cappuccino

$1.63 COP 5,687

$4.02 €3.47

-59.45%

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

$1.09 COP 3,821

$1.38 €1.18

-21.01%

Water (0.33 liter bottle)

$0.73 COP 2,548

$0.57 €0.49

28.07%

Local Beer (0.5 liter draught)

$1.74 COP 6,065

$4.68 €4.03

-62.82%

Imported Beer (0.33 liter bottle)

$3.23 COP 11.3K

$5.31 €4.58

-39.17%

Milk (1 liter)

$1.05 COP 3,662

$1.82 €1.57

-42.31%

White Bread (500g)

$1.29 COP 4,515

$1.49 €1.28

-13.42%

Rice (white) (1kg)

$1.32 COP 4,617

$3.51 €3.03

-62.39%

Eggs

$2.27 COP 7,927

$4.82 €4.15

-52.90%

Local Cheese (1kg)

$4.35 COP 15.2K

$17.60 €15.16

-75.28%

Chicken Fillets (1kg)

$5.88 COP 20.5K

$9.23 €7.96

-36.29%

Beef Round Steak (1kg)

$8.61 COP 30.0K

$15.50 €13.35

-44.45%

Apples (1kg)

$2.25 COP 7,844

$2.22 €1.91

1.35%

Banana (1kg)

$1.07 COP 3,733

$2.21 €1.90

-51.58%

Oranges (1kg)

$1.52 COP 5,322

$1.52 €1.31

Tomato (1kg)

$1.42 COP 4,964

$1.99 €1.71

-28.64%

Potato (1kg)

$1.17 COP 4,084

$1.35 €1.16

-13.33%

Onion (1kg)

$1.17 COP 4,077

$1.06 €0.91

10.38%

Lettuce (1 head)

$0.89 COP 3,096

$1.25 €1.08

-28.80%

Water (1.5 liter bottle)

$0.90 COP 3,146

$1.19 €1.03

-24.37%

Cigarettes 20 Pack (Marlboro, Camel)

$2.25 COP 7,837

$5.91 €5.09

-61.93%

Wine (Bottle)

$11.04 COP 38.5K

$9.14 €7.87

20.79%

Local Beer (0.5 liter bottle)

$1.14 COP 3,977

$1.72 €1.48

-33.72%

Imported Beer (0.33 liter bottle)

$2.38 COP 8,301

$2.65 €2.28

-10.19%

One-way Ticket (Public Transport)

$0.84 COP 2,916

$1.55 €1.33

-45.81%

Public Transport Monthly Pass (Regular Price)

$41.95 COP 146.4K

$46.09 €39.71

-8.98%

Taxi Start (Normal Tariff)

$1.41 COP 4,912

$4.08 €3.51

-65.44%

Taxi (Normal Tariff) (1km)

$1.90 COP 6,634

Taxi 1hour Waiting (Normal Tariff)

$7.75 COP 27.0K

$13.86 €11.94

-44.08%

Gasoline (1 liter)

$1.01 COP 3,509

$2.18 €1.88

-53.67%

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

$17.6K COP 61.4M

$35.0K €30.1K

-49.71%

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

$26.5K COP 92.5M

$23.6K €20.3K

12.34%

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

$83.7 COP 292.1K

$170 €146

-50.75%

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

$9.45 COP 33.0K

$13.71 €11.81

-31.07%

Internet (50+ Mbps, Unlimited Data)

$24.11 COP 84.1K

$34.99 €30.14

-31.09%

Gym Membership (Monthly)

$25.31 COP 88.3K

$47.69 €41.09

-46.93%

Tennis Court (1 Hour on Weekend)

$19.14 COP 66.8K

$26.30 €22.66

-27.22%

Cinema Ticket

$4.10 COP 14.3K

$9.28 €7.99

-55.82%

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

$312 COP 1.1M

$457 €393

-31.67%

International Primary School, 1 Child (Yearly)

$5,993 COP 20.9M

$7,046 €6,071

-14.94%

Jeans (Levis 501 Or Similar)

$58.0 COP 202.6K

$80.5 €69.3

-27.86%

Summer Dress (H&M, Zara, etc)

$32.56 COP 113.6K

$32.52 €28.02

0.12%

Sport Shoes (Adidas, Nike)

$99.6 COP 347.7K

$106 €91.2

-5.89%

Men's Leather Business Shoes

$109 COP 378.8K

$141 €122

-23.04%

1-bedroom Apartment, City Center (Monthly)

$482 COP 1.7M

$491 €423

-1.82%

1-bedroom Apartment, Outside City Center (Monthly)

$379 COP 1.3M

$391 €337

-2.97%

3-bedroom Apartment, City Center (Monthly)

$837 COP 2.9M

$762 €657

9.87%

3-bedroom Apartment, Outside City Center (Monthly)

$723 COP 2.5M

$626 €539

15.52%

Buy Apartment in City Center (m2)

$2,840 COP 9.9M

$3,031 €2,612

-6.32%

Buy Apartment Outside City Center (m2)

$1,223 COP 4.3M

$2,480 €2,137

-50.69%

Average Monthly Net Salary (After Tax)

$541 COP 1.9M

20-Year Fixed Mortgage Interest Rate (Annual %)

13.43

4.53

196.47%

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

Last update for Medellin: June 8, 2026

Last update for Ierapetra: June 7, 2026

Cost Breakdown

A one-bedroom apartment in the center runs $482 in Medellin and $491 in Ierapetra. Housing cost is often the main lever when comparing two cities.

Dining out: $33.00 in Medellin vs $47.00 in Ierapetra for a mid-range dinner for two. Groceries echo the gap at $190 vs $310 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 Ierapetra: Cost of Living - Frequently Asked Questions

Medellin wins on cost – living expenses run 38% lower than in Ierapetra. 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 $1,525 in Medellin and $2,105 in Ierapetra 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: $482 in Medellin versus $491 in Ierapetra. Housing is usually the single largest factor when comparing overall living costs between the two.

All in, you'll spend $1,017 per month in Medellin versus $1,403 in Ierapetra – a 38% gap that adds up to real savings over time for anyone picking the cheaper option.

A monthly transit pass in Medellin runs roughly 10% less than in Ierapetra. Both cities have functional networks, but the price difference matters if you're watching your budget.

At $1,017 in Medellin versus $1,403 in Ierapetra, a $1,500 budget is realistic in Medellin but tight or insufficient in Ierapetra. 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 $1,017 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 38% less than in Ierapetra. Beyond cost, consider language, visa policies, and how big the international community is in each city.