Cost of Living Comparison Between Medellin and Iloilo Cost of Living Comparison Between Medellin and Iloilo

Monthly Cost of Living

A single person spends $1,013 per month in Medellin vs $682 in Iloilo, rent included.

A couple spends around $1,602 per month in Medellin vs $1,034 in Iloilo, rent included.

A family of three spends $2,192 per month in Medellin vs $1,386 in Iloilo, rent included.

Medellin costs about 49% more than Iloilo, driven mainly by Clothing & Footwear.

Both Medellin and Iloilo are more affordable than the global median – Medellin 24% lower, Iloilo 49% lower.

Meal at Budget Restaurant

$5.99 COP 21.4K

$2.59 ₱160

131.27%

Three-Course Dinner for Two, Mid-Range

$32.86 COP 117.4K

$21.53 ₱1,328

52.62%

Fast Food Meal (McDonalds, etc)

$7.09 COP 25.3K

$3.60 ₱222

96.94%

Cappuccino

$1.71 COP 6,115

$1.96 ₱121

-12.76%

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

$1.10 COP 3,924

$0.57 ₱35.19

92.98%

Water (0.33 liter bottle)

$0.78 COP 2,781

$0.30 ₱18.37

160.00%

Local Beer (0.5 liter draught)

$1.68 COP 5,997

$0.95 ₱58.7

76.84%

Imported Beer (0.33 liter bottle)

$3.07 COP 11.0K

$1.79 ₱110

71.51%

Milk (1 liter)

$1.09 COP 3,906

$1.81 ₱112

-39.78%

White Bread (500g)

$1.26 COP 4,508

$1.26 ₱77.6

Rice (white) (1kg)

$1.38 COP 4,922

$0.93 ₱57.3

48.39%

Eggs

$2.19 COP 7,827

$2.27 ₱140

-3.52%

Local Cheese (1kg)

$4.40 COP 15.7K

$5.81 ₱358

-24.27%

Chicken Fillets (1kg)

$5.63 COP 20.1K

$4.35 ₱268

29.43%

Beef Round Steak (1kg)

$8.89 COP 31.8K

$7.12 ₱439

24.86%

Apples (1kg)

$2.34 COP 8,349

$3.70 ₱228

-36.76%

Banana (1kg)

$1.06 COP 3,777

$1.14 ₱70.2

-7.02%

Oranges (1kg)

$1.50 COP 5,374

$3.26 ₱201

-53.99%

Tomato (1kg)

$1.38 COP 4,924

$1.56 ₱96.4

-11.54%

Potato (1kg)

$1.15 COP 4,111

$2.59 ₱160

-55.60%

Onion (1kg)

$1.16 COP 4,155

$3.04 ₱187

-61.84%

Lettuce (1 head)

$0.89 COP 3,182

$1.68 ₱104

-47.02%

Water (1.5 liter bottle)

$0.84 COP 2,997

$0.90 ₱55.6

-6.67%

Cigarettes 20 Pack (Marlboro, Camel)

$2.28 COP 8,145

$3.11 ₱192

-26.69%

Wine (Bottle)

$10.64 COP 38.0K

$5.51 ₱340

93.10%

Local Beer (0.5 liter bottle)

$1.20 COP 4,284

$1.28 ₱78.9

-6.25%

Imported Beer (0.33 liter bottle)

$2.47 COP 8,824

$1.44 ₱88.5

71.53%

One-way Ticket (Public Transport)

$0.86 COP 3,056

$0.25 ₱15.50

244.00%

Public Transport Monthly Pass (Regular Price)

$41.40 COP 147.9K

$5.27 ₱325

685.58%

Taxi Start (Normal Tariff)

$1.47 COP 5,264

$0.68 ₱41.68

116.18%

Taxi (Normal Tariff) (1km)

$1.96 COP 7,009

$0.31 ₱19.39

532.26%

Taxi 1hour Waiting (Normal Tariff)

$7.74 COP 27.6K

$2.70 ₱167

186.67%

Gasoline (1 liter)

$0.95 COP 3,409

$1.10 ₱67.6

-13.64%

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

$18.1K COP 64.7M

$24.0K ₱1.5M

-24.60%

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

$26.5K COP 94.6M

$19.5K ₱1.2M

35.94%

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

$82.3 COP 293.7K

$66.0 ₱4,070

24.62%

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

$9.50 COP 33.9K

$31.13 ₱1,919

-69.48%

Internet (50+ Mbps, Unlimited Data)

$24.23 COP 86.5K

$30.21 ₱1,863

-19.79%

Gym Membership (Monthly)

$25.89 COP 92.4K

$27.72 ₱1,709

-6.60%

Tennis Court (1 Hour on Weekend)

$19.00 COP 67.9K

Cinema Ticket

$3.93 COP 14.0K

$5.45 ₱336

-27.89%

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

$309 COP 1.1M

$35.18 ₱2,169

779.51%

International Primary School, 1 Child (Yearly)

$5,965 COP 21.3M

$4,364 ₱269.1K

36.69%

Jeans (Levis 501 Or Similar)

$58.7 COP 209.5K

$44.89 ₱2,768

30.67%

Summer Dress (H&M, Zara, etc)

$32.35 COP 115.5K

$22.74 ₱1,402

42.26%

Sport Shoes (Adidas, Nike)

$103 COP 366.4K

$61.3 ₱3,777

67.51%

Men's Leather Business Shoes

$108 COP 387.2K

$26.86 ₱1,656

303.69%

1-bedroom Apartment, City Center (Monthly)

$476 COP 1.7M

$237 ₱14.6K

100.75%

1-bedroom Apartment, Outside City Center (Monthly)

$379 COP 1.4M

$179 ₱11.0K

111.77%

3-bedroom Apartment, City Center (Monthly)

$838 COP 3.0M

$357 ₱22.0K

134.93%

3-bedroom Apartment, Outside City Center (Monthly)

$724 COP 2.6M

$285 ₱17.6K

153.76%

Buy Apartment in City Center (m2)

$2,791 COP 10.0M

$3,776 ₱232.9K

-26.10%

Buy Apartment Outside City Center (m2)

$1,211 COP 4.3M

$1,049 ₱64.7K

15.52%

Average Monthly Net Salary (After Tax)

$512 COP 1.8M

$222 ₱13.7K

131.03%

20-Year Fixed Mortgage Interest Rate (Annual %)

13.43

67.88%

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

Last update for Medellin: May 31, 2026

Last update for Iloilo: May 30, 2026

Cost Breakdown

A central one-bedroom costs $476 in Medellin versus $237 in Iloilo. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

Salaries run about 131% higher in Medellin, which partly offsets the higher cost of living there. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $33.00 in Medellin versus $22.00 in Iloilo. Groceries tell a different story – $188 in Medellin vs $202 in Iloilo – so Medellin wins on supermarket bills even if dining out costs more.

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 Iloilo: Cost of Living - Frequently Asked Questions

Yes – Medellin is pricier by about 49%, and the gap shows up most in Clothing & Footwear. It's not just housing either; the difference applies across most spending categories.

For a comfortable life, plan on about $1,519 per month in Medellin and $1,023 in Iloilo. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Iloilo, especially for central apartments. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

A mid-range dinner for two costs $33.00 in Medellin and $22.00 in Iloilo. That's a good indicator of the overall restaurant and café pricing gap between the two cities.

Monthly expenses with rent come to $1,013 in Medellin and $682 in Iloilo. The difference isn't just one category – it shows up across housing, food, transport, and services.

A $1,500 monthly budget goes further in Iloilo, where all-in costs run around $682, than in Medellin at $1,013. In Iloilo it covers expenses comfortably, while in Medellin it requires careful planning or may not stretch far enough.

Families tend to lean toward Iloilo – lower housing and cheaper childcare make a real difference, especially on a single income or when paying for private education.

Both have safer and rougher neighborhoods, but overall safety is comparable to other large cities. Neighborhood choice matters more than the city-level comparison – central, well-trafficked areas feel secure in both.

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