Last update: Nov 2026

Cost of Living Comparison Between Medellin and Ife

For one person, living is cheaper in Ife: $79.8 a month against $1,692 in Medellin, rent and utilities included – about $19,300 less a year. Rent and utilities account for about half of the difference.

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Cost of Living Index in Medellin
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Medellin Living Index

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Medellin

🇨🇴 Colombia

$1,692

/mo nomad

Ife

🇳🇬 Nigeria

$79.8

/mo nomad

Monthly Cost of Living

How much you'll spend in Medellin and in Ife

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

A single person spends $1,692 per month in Medellin vs $80 in Ife, rent included.

Medellin $1,692
Ife $80

A couple spends around $2,471 per month in Medellin vs $107 in Ife, rent included.

Medellin $2,471
Ife $107

A family of three spends $3,249 per month in Medellin vs $134 in Ife, rent included.

Medellin $3,249
Ife $134

Medellin costs about 2021% more than Ife, and outside of rent the biggest gap is in groceries.

Medellin sits 25% above the global median, while Ife is 94% below – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$8.34 COP 26.8K

$2.05 ₦2,756

306.83%

Three-Course Dinner for Two, Mid-Range

$46.53 COP 149.7K

Fast Food Meal (McDonalds, etc)

$9.47 COP 30.5K

$5.88 ₦7,903

61.05%

Cappuccino

$3.13 COP 10.1K

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

$1.77 COP 5,681

$0.48 ₦642

268.75%

Water (0.33 liter bottle)

$1.42 COP 4,582

$0.29 ₦385

389.66%

Local Beer (0.5 liter draught)

$3.15 COP 10.1K

Imported Beer (0.33 liter bottle)

$5.70 COP 18.3K

Milk (1 liter)

$1.53 COP 4,930

White Bread (500g)

$2.29 COP 7,370

Rice (white) (1kg)

$1.94 COP 6,257

Eggs

$3.07 COP 9,864

$1.78 ₦2,396

72.47%

Local Cheese (1kg)

$9.99 COP 32.1K

Chicken Fillets (1kg)

$10.45 COP 33.6K

Beef Round Steak (1kg)

$13.96 COP 44.9K

Apples (1kg)

$4.05 COP 13.0K

Banana (1kg)

$1.53 COP 4,916

Oranges (1kg)

$2.10 COP 6,769

Tomato (1kg)

$2.29 COP 7,378

Potato (1kg)

$2.11 COP 6,785

Onion (1kg)

$1.71 COP 5,498

Lettuce (1 head)

$1.17 COP 3,764

Water (1.5 liter bottle)

$1.58 COP 5,083

Cigarettes 20 Pack (Marlboro, Camel)

$3.91 COP 12.6K

Wine (Bottle)

$14.04 COP 45.2K

Local Beer (0.5 liter bottle)

$1.76 COP 5,667

Imported Beer (0.33 liter bottle)

$2.71 COP 8,724

One-way Ticket (Public Transport)

$1.18 COP 3,795

Public Transport Monthly Pass (Regular Price)

$76.3 COP 245.4K

Taxi Start (Normal Tariff)

$1.81 COP 5,812

Taxi (Normal Tariff) (1km)

$2.13 COP 6,849

Taxi 1hour Waiting (Normal Tariff)

$8.13 COP 26.2K

Gasoline (1 liter)

$1.28 COP 4,102

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

$34.4K COP 110.8M

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

$34.1K COP 109.8M

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

$178 COP 571.7K

$29.73 ₦40.0K

497.81%

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

$13.89 COP 44.7K

$5.84 ₦7,848

137.84%

Internet (50+ Mbps, Unlimited Data)

$30.74 COP 98.9K

Gym Membership (Monthly)

$41.94 COP 134.9K

Tennis Court (1 Hour on Weekend)

$16.80 COP 54.0K

Cinema Ticket

$7.47 COP 24.0K

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

$790 COP 2.5M

International Primary School, 1 Child (Yearly)

$12.3K COP 39.6M

Jeans (Levis 501 Or Similar)

$86.3 COP 277.7K

Summer Dress (H&M, Zara, etc)

$59.3 COP 190.6K

Sport Shoes (Adidas, Nike)

$138 COP 445.0K

Men's Leather Business Shoes

$98.8 COP 317.8K

1-bedroom Apartment, City Center (Monthly)

$1,341 COP 4.3M

1-bedroom Apartment, Outside City Center (Monthly)

$667 COP 2.1M

3-bedroom Apartment, City Center (Monthly)

$1,976 COP 6.4M

3-bedroom Apartment, Outside City Center (Monthly)

$1,033 COP 3.3M

Buy Apartment in City Center (m2)

$4,098 COP 13.2M

Buy Apartment Outside City Center (m2)

$1,940 COP 6.2M

Average Monthly Net Salary (After Tax)

$646 COP 2.1M

20-Year Fixed Mortgage Interest Rate (Annual %)

10.94

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

Last update for Medellin: November 2, 2026

Last update for Ife: October 31, 2026

Monthly budget structure

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

Accommodation & Living

Medellin

$667 39.4%

Ife

–

Groceries & Markets

Medellin

$307 18.2%

Ife

–

Monthly Utilities & Internet

Medellin

$222 13.1%

Ife

–

Eating Out

Medellin

$173 10.2%

Ife

–

Clothing & Footwear

Medellin

$172 10.2%

Ife

–

Getting Around

Medellin

$93 5.5%

Ife

–

Sport & Entertainment

Medellin

$57 3.4%

Ife

–

Good to know

🇨🇴 Medellin

🇳🇬 Ife

🕒 Local time

18:17 6:17 PM

00:17 12:17 AM

6 h ahead of Medellin

🌤 Weather

👥 Population

2,486,723

501,952

💱 Currency

Colombian Peso COP $

Nigerian Naira NGN ₦

📈 Exchange rate

10,000 COP = 3.11 USD

10,000 COP = 2.77 EUR

10,000 NGN = 7.44 USD

10,000 NGN = 6.62 EUR

Exchange rates and currency converter

NGN, USD, EUR to COP – Colombian Peso Converter

🇺🇸 United States Dollar ($)

🇨🇴 Colombian Peso ($)

Colombian Peso exchange rates as of November 5, 2026: 1 USD = 3,217 COP (10,000 COP = 3.11 USD). 1 EUR = 3,611 COP (10,000 COP = 2.77 EUR).

Nigerian Naira exchange rates as of November 5, 2026: 1 USD = 1,345 NGN (10,000 NGN = 7.44 USD). 1 EUR = 1,510 NGN (10,000 NGN = 6.62 EUR).

USD to COP in detail →

On the map

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Between locations

Medellin Ife 8,840 km ≈ 12 h nonstop flight

From you

Medellin
Ife

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 Ife: Cost of Living - Frequently Asked Questions

Monthly costs with rent: $1,692 in Medellin, $80 in Ife – Ife comes out roughly 95% cheaper. Outside of rent, the biggest gap is in groceries.

For a comfortable life, plan on about $2,538 per month in Medellin and $120 in Ife. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Monthly expenses with rent come to $1,692 in Medellin and $80 in Ife. That makes Ife about 95% cheaper.

Groceries cost about 4211% more in Medellin, though the gap depends on what you buy.

A $1,200 monthly budget goes further in Ife, where all-in costs run around $80, than in Medellin at $1,692. In Ife it covers expenses comfortably, while in Medellin it requires careful planning or may not stretch far enough.

It depends on your priorities. Medellin has an edge in some lifestyle areas, with costs from $80 in Ife to $1,692 in Medellin. Climate, culture, job market, and personal taste all factor in.