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: $1,681 in Medellin versus $1,472 in Ierapetra.

Estimated couple costs with rent: $2,445 in Medellin versus $2,225 in Ierapetra.

Monthly costs for a family of three with rent: $3,210 in Medellin versus $2,978 in Ierapetra.

Living in Medellin is roughly 14% more expensive than in Ierapetra, driven mainly by Eating Out.

Both cities are pricier than the global median: Medellin 23% above, Ierapetra 8% above.

Meal at Budget Restaurant

$8.02 COP 25.3K

$17.00 €14.81

-52.82%

Three-Course Dinner for Two, Mid-Range

$47.87 COP 151.0K

$58.3 €50.8

-17.83%

Fast Food Meal (McDonalds, etc)

$9.89 COP 31.2K

$11.69 €10.18

-15.40%

Cappuccino

$3.13 COP 9,873

$4.03 €3.51

-22.33%

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

$1.91 COP 6,019

$2.20 €1.92

-13.18%

Water (0.33 liter bottle)

$1.51 COP 4,763

$0.60 €0.52

151.67%

Local Beer (0.5 liter draught)

$3.12 COP 9,853

$4.67 €4.07

-33.19%

Imported Beer (0.33 liter bottle)

$5.75 COP 18.1K

$5.00 €4.35

15.00%

Milk (1 liter)

$1.44 COP 4,558

$1.15 €1.00

25.22%

White Bread (500g)

$2.49 COP 7,843

$1.18 €1.03

111.02%

Rice (white) (1kg)

$1.77 COP 5,595

$3.40 €2.96

-47.94%

Eggs

$2.96 COP 9,336

$4.80 €4.18

-38.33%

Local Cheese (1kg)

$10.07 COP 31.8K

$17.54 €15.28

-42.59%

Chicken Fillets (1kg)

$10.12 COP 31.9K

$9.96 €8.68

1.61%

Beef Round Steak (1kg)

$14.30 COP 45.1K

$15.47 €13.47

-7.56%

Apples (1kg)

$4.14 COP 13.0K

$2.20 €1.92

88.18%

Banana (1kg)

$1.61 COP 5,073

$2.26 €1.97

-28.76%

Oranges (1kg)

$2.25 COP 7,083

$1.15 €1.00

95.65%

Tomato (1kg)

$2.25 COP 7,104

$1.17 €1.02

92.31%

Potato (1kg)

$2.04 COP 6,444

$1.14 €0.99

78.95%

Onion (1kg)

$1.54 COP 4,842

$1.09 €0.95

41.28%

Lettuce (1 head)

$1.17 COP 3,691

$1.20 €1.04

-2.50%

Water (1.5 liter bottle)

$1.31 COP 4,121

$0.89 €0.77

47.19%

Cigarettes 20 Pack (Marlboro, Camel)

$3.90 COP 12.3K

$5.86 €5.11

-33.45%

Wine (Bottle)

$14.01 COP 44.2K

$9.09 €7.92

54.13%

Local Beer (0.5 liter bottle)

$1.74 COP 5,498

$1.40 €1.22

24.29%

Imported Beer (0.33 liter bottle)

$2.87 COP 9,053

$1.18 €1.03

143.22%

One-way Ticket (Public Transport)

$1.22 COP 3,834

$1.43 €1.25

-14.69%

Public Transport Monthly Pass (Regular Price)

$80.5 COP 253.9K

$49.18 €42.84

63.64%

Taxi Start (Normal Tariff)

$1.31 COP 4,129

$3.97 €3.46

-67.00%

Taxi (Normal Tariff) (1km)

$2.19 COP 6,899

$2.41 €2.10

-9.13%

Taxi 1hour Waiting (Normal Tariff)

$8.71 COP 27.5K

$17.13 €14.93

-49.15%

Gasoline (1 liter)

$1.37 COP 4,306

$2.13 €1.85

-35.68%

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

$27.8K COP 87.8M

$33.9K €29.5K

-17.88%

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

$35.8K COP 112.8M

$25.6K €22.3K

39.52%

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

$177 COP 559.3K

$155 €135

14.36%

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

$13.88 COP 43.8K

$18.24 €15.89

-23.90%

Internet (50+ Mbps, Unlimited Data)

$29.72 COP 93.8K

$33.90 €29.54

-12.33%

Gym Membership (Monthly)

$44.88 COP 141.6K

$52.9 €46.11

-15.21%

Tennis Court (1 Hour on Weekend)

$17.12 COP 54.0K

$20.46 €17.82

-16.32%

Cinema Ticket

$6.65 COP 21.0K

$9.41 €8.20

-29.33%

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

$813 COP 2.6M

$462 €403

75.88%

International Primary School, 1 Child (Yearly)

$9,187 COP 29.0M

$6,975 €6,077

31.70%

Jeans (Levis 501 Or Similar)

$89.5 COP 282.3K

$76.6 €66.8

16.80%

Summer Dress (H&M, Zara, etc)

$59.0 COP 186.0K

$32.04 €27.91

84.05%

Sport Shoes (Adidas, Nike)

$138 COP 435.9K

$109 €94.9

26.93%

Men's Leather Business Shoes

$102 COP 322.1K

$133 €116

-23.33%

1-bedroom Apartment, City Center (Monthly)

$1,062 COP 3.3M

$508 €443

108.97%

1-bedroom Apartment, Outside City Center (Monthly)

$663 COP 2.1M

$406 €353

63.45%

3-bedroom Apartment, City Center (Monthly)

$1,888 COP 6.0M

$764 €666

147.03%

3-bedroom Apartment, Outside City Center (Monthly)

$1,027 COP 3.2M

$626 €545

64.13%

Buy Apartment in City Center (m2)

$4,183 COP 13.2M

$2,707 €2,358

54.56%

Buy Apartment Outside City Center (m2)

$1,675 COP 5.3M

$2,334 €2,033

-28.25%

Average Monthly Net Salary (After Tax)

$678 COP 2.1M

20-Year Fixed Mortgage Interest Rate (Annual %)

10.94

4.53

141.50%

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

Last update for Medellin: September 14, 2026

Last update for Ierapetra: September 14, 2026

Cost Breakdown

A one-bedroom apartment in the center runs $1,062 in Medellin and $508 in Ierapetra. Housing cost is often the main lever when comparing two cities.

Dining out: $48.00 in Medellin vs $58.0 in Ierapetra. Groceries flip the comparison at $305 vs $288, with Ierapetra 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 Ierapetra: Cost of Living - Frequently Asked Questions

Ierapetra wins on cost – living expenses run 14% lower than in Medellin. Housing and daily spending are where you'll feel the difference most, making Ierapetra the obvious pick if budget is a priority.

You'd need roughly $2,521 in Medellin and $2,208 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: $1,062 in Medellin versus $508 in Ierapetra. Housing is usually the single largest factor when comparing overall living costs between the two.

All in, you'll spend $1,681 per month in Medellin versus $1,472 in Ierapetra – a 14% gap that adds up to real savings over time for anyone picking the cheaper option.

A monthly transit pass in Ierapetra runs roughly 64% less than in Medellin. Both cities have functional networks, but the price difference matters if you're watching your budget.

At $1,472 in Ierapetra versus $1,681 in Medellin, a $1,000 budget is realistic in Ierapetra but tight or insufficient in Medellin. The gap between the two cities makes Ierapetra the clear choice for anyone on this budget.

Both work as nomad bases, but Ierapetra delivers better value – similar infrastructure at $1,472 monthly. If stretching your runway or maximizing savings is the goal, the price difference makes Ierapetra hard to pass up.

Expats usually find Ierapetra gentler on the wallet – expenses run 14% less than in Medellin. Beyond cost, consider language, visa policies, and how big the international community is in each city.