Cost of Living Comparison Between Medellin and Iqaluit, NU Cost of Living Comparison Between Medellin and Iqaluit, NU

Monthly Cost of Living

Monthly costs for one person with rent: $1,681 in Medellin versus $3,029 in Iqaluit, NU.

Estimated couple costs with rent: $2,445 in Medellin versus $4,665 in Iqaluit, NU.

Monthly costs for a family of three with rent: $3,210 in Medellin versus $6,300 in Iqaluit, NU.

Living in Medellin costs roughly 45% less than in Iqaluit, NU, driven mainly by Eating Out.

Both cities are pricier than the global median: Medellin 23% above, Iqaluit, NU 121% above.

Meal at Budget Restaurant

$8.02 COP 25.0K

$27.71 CA$38.76

-71.06%

Three-Course Dinner for Two, Mid-Range

$47.87 COP 149.4K

$63.9 CA$89.4

-25.09%

Fast Food Meal (McDonalds, etc)

$9.89 COP 30.8K

$13.06 CA$18.27

-24.27%

Cappuccino

$3.13 COP 9,767

$7.00 CA$9.79

-55.29%

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

$1.91 COP 5,954

$3.86 CA$5.41

-50.52%

Water (0.33 liter bottle)

$1.51 COP 4,712

$1.60 CA$2.23

-5.63%

Local Beer (0.5 liter draught)

$3.12 COP 9,747

$6.87 CA$9.61

-54.59%

Imported Beer (0.33 liter bottle)

$5.75 COP 17.9K

$5.66 CA$7.91

1.59%

Milk (1 liter)

$1.44 COP 4,509

$2.48 CA$3.47

-41.94%

White Bread (500g)

$2.49 COP 7,759

$2.60 CA$3.63

-4.23%

Rice (white) (1kg)

$1.77 COP 5,535

$3.29 CA$4.61

-46.20%

Eggs

$2.96 COP 9,235

$3.53 CA$4.93

-16.15%

Local Cheese (1kg)

$10.07 COP 31.4K

$9.88 CA$13.82

1.92%

Chicken Fillets (1kg)

$10.12 COP 31.6K

$13.54 CA$18.95

-25.26%

Beef Round Steak (1kg)

$14.30 COP 44.6K

$14.64 CA$20.49

-2.32%

Apples (1kg)

$4.14 COP 12.9K

$3.92 CA$5.48

5.61%

Banana (1kg)

$1.61 COP 5,019

$1.30 CA$1.83

23.85%

Oranges (1kg)

$2.25 COP 7,007

$3.66 CA$5.12

-38.52%

Tomato (1kg)

$2.25 COP 7,028

$3.94 CA$5.51

-42.89%

Potato (1kg)

$2.04 COP 6,375

$2.62 CA$3.67

-22.14%

Onion (1kg)

$1.54 COP 4,790

$2.27 CA$3.17

-32.16%

Lettuce (1 head)

$1.17 COP 3,651

$2.55 CA$3.56

-54.12%

Water (1.5 liter bottle)

$1.31 COP 4,077

$1.61 CA$2.25

-18.63%

Cigarettes 20 Pack (Marlboro, Camel)

$3.90 COP 12.2K

$13.82 CA$19.33

-71.78%

Wine (Bottle)

$14.01 COP 43.7K

$12.55 CA$17.56

11.63%

Local Beer (0.5 liter bottle)

$1.74 COP 5,439

$2.72 CA$3.81

-36.03%

Imported Beer (0.33 liter bottle)

$2.87 COP 8,956

$3.03 CA$4.24

-5.28%

One-way Ticket (Public Transport)

$1.22 COP 3,792

$2.36 CA$3.30

-48.31%

Public Transport Monthly Pass (Regular Price)

$80.5 COP 251.1K

$62.9 CA$88.1

27.87%

Taxi Start (Normal Tariff)

$1.31 COP 4,084

$6.75 CA$9.45

-80.59%

Taxi (Normal Tariff) (1km)

$2.19 COP 6,825

$1.40 CA$1.96

56.43%

Taxi 1hour Waiting (Normal Tariff)

$8.71 COP 27.2K

$26.05 CA$36.44

-66.56%

Gasoline (1 liter)

$1.37 COP 4,260

$1.18 CA$1.66

16.10%

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

$27.8K COP 86.9M

$38.3K CA$53.6K

-27.34%

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

$35.8K COP 111.6M

$31.4K CA$44.0K

13.80%

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

$177 COP 553.2K

$117 CA$163

52.16%

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

$13.88 COP 43.3K

$39.86 CA$55.8

-65.18%

Internet (50+ Mbps, Unlimited Data)

$29.72 COP 92.8K

$56.5 CA$79.0

-47.39%

Gym Membership (Monthly)

$44.88 COP 140.1K

$40.87 CA$57.2

9.81%

Tennis Court (1 Hour on Weekend)

$17.12 COP 53.4K

$18.10 CA$25.32

-5.41%

Cinema Ticket

$6.65 COP 20.7K

$8.24 CA$11.52

-19.30%

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

$813 COP 2.5M

$782 CA$1,095

3.89%

International Primary School, 1 Child (Yearly)

$9,187 COP 28.7M

$12.7K CA$17.8K

-27.87%

Jeans (Levis 501 Or Similar)

$89.5 COP 279.3K

$53.6 CA$74.9

67.08%

Summer Dress (H&M, Zara, etc)

$59.0 COP 184.0K

$39.17 CA$54.8

50.55%

Sport Shoes (Adidas, Nike)

$138 COP 431.2K

$86.4 CA$121

59.97%

Men's Leather Business Shoes

$102 COP 318.7K

$103 CA$144

-0.50%

1-bedroom Apartment, City Center (Monthly)

$1,062 COP 3.3M

$1,843 CA$2,578

-42.37%

1-bedroom Apartment, Outside City Center (Monthly)

$663 COP 2.1M

$1,692 CA$2,368

-60.83%

3-bedroom Apartment, City Center (Monthly)

$1,888 COP 5.9M

$2,914 CA$4,076

-35.20%

3-bedroom Apartment, Outside City Center (Monthly)

$1,027 COP 3.2M

$3,500 CA$4,896

-70.65%

Buy Apartment in City Center (m2)

$4,183 COP 13.1M

$4,372 CA$6,116

-4.32%

Buy Apartment Outside City Center (m2)

$1,675 COP 5.2M

$3,598 CA$5,033

-53.45%

Average Monthly Net Salary (After Tax)

$678 COP 2.1M

$4,281 CA$5,989

-84.17%

20-Year Fixed Mortgage Interest Rate (Annual %)

10.94

5.32

105.64%

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

Last update for Medellin: September 14, 2026

Last update for Iqaluit, NU: September 13, 2026

Cost Breakdown

A one-bedroom apartment in the center runs $1,062 in Medellin and $1,843 in Iqaluit, NU. Housing cost is often the main lever when comparing two cities.

Iqaluit, NU pays 532% 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: $48.00 in Medellin vs $64.0 in Iqaluit, NU for a mid-range dinner for two. Groceries echo the gap at $305 vs $368 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 Iqaluit, NU: Cost of Living - Frequently Asked Questions

Medellin is cheaper overall, especially in Groceries & Markets, Eating Out, Monthly Utilities & Internet. The 80% gap adds up to real monthly savings that compound significantly over time.

On paper, salaries run 532% lower in Iqaluit, NU. 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: $1,062 in Medellin versus $1,843 in Iqaluit, NU. Housing is usually the single largest factor when comparing overall living costs between the two.

Childcare runs $813 in Medellin versus $782 in Iqaluit, NU. Over years of preschool, even a modest monthly gap compounds into a major financial factor for families.

Supermarket bills run roughly 21% higher in Iqaluit, NU. For households that cook at home regularly, that difference adds up over a month.

At $1,681 in Medellin versus $3,029 in Iqaluit, NU, a $2,500 budget is realistic in Medellin but tight or insufficient in Iqaluit, NU. The gap between the two cities makes Medellin the clear choice for anyone on this budget.

For families, Medellin is more practical. Housing and childcare are both notably cheaper than in Iqaluit, NU, and the savings on those two alone free up budget for education, activities, and family trips.

Expats usually find Medellin gentler on the wallet – expenses run 80% less than in Iqaluit, NU. Beyond cost, consider language, visa policies, and how big the international community is in each city.