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: $1,013 in Medellin versus $3,053 in Iqaluit, NU.

Estimated couple costs with rent: $1,602 in Medellin versus $4,047 in Iqaluit, NU.

Monthly costs for a family of three with rent: $2,192 in Medellin versus $5,042 in Iqaluit, NU.

Living in Medellin costs roughly 67% less than in Iqaluit, NU, driven mainly by Eating Out.

The two cities straddle the global median: Medellin is 24% below, Iqaluit, NU is 128% above.

Meal at Budget Restaurant

$5.99 COP 21.4K

$31.29 CA$43.33

-80.86%

Three-Course Dinner for Two, Mid-Range

$32.86 COP 117.4K

$65.7 CA$91.0

-50.02%

Fast Food Meal (McDonalds, etc)

$7.09 COP 25.3K

$12.97 CA$17.96

-45.34%

Cappuccino

$1.71 COP 6,115

$6.69 CA$9.26

-74.44%

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

$1.10 COP 3,924

$3.99 CA$5.53

-72.43%

Water (0.33 liter bottle)

$0.78 COP 2,781

$1.68 CA$2.33

-53.57%

Local Beer (0.5 liter draught)

$1.68 COP 5,997

$6.89 CA$9.53

-75.62%

Imported Beer (0.33 liter bottle)

$3.07 COP 11.0K

$5.99 CA$8.30

-48.75%

Milk (1 liter)

$1.09 COP 3,906

$2.44 CA$3.37

-55.33%

White Bread (500g)

$1.26 COP 4,508

$2.69 CA$3.72

-53.16%

Rice (white) (1kg)

$1.38 COP 4,922

$3.00 CA$4.16

-54.00%

Eggs

$2.19 COP 7,827

$4.41 CA$6.11

-50.34%

Local Cheese (1kg)

$4.40 COP 15.7K

$12.17 CA$16.85

-63.85%

Chicken Fillets (1kg)

$5.63 COP 20.1K

$13.62 CA$18.86

-58.66%

Beef Round Steak (1kg)

$8.89 COP 31.8K

$24.77 CA$34.30

-64.11%

Apples (1kg)

$2.34 COP 8,349

$2.03 CA$2.82

15.27%

Banana (1kg)

$1.06 COP 3,777

$2.98 CA$4.12

-64.43%

Oranges (1kg)

$1.50 COP 5,374

$1.97 CA$2.72

-23.86%

Tomato (1kg)

$1.38 COP 4,924

$2.03 CA$2.81

-32.02%

Potato (1kg)

$1.15 COP 4,111

$2.96 CA$4.10

-61.15%

Onion (1kg)

$1.16 COP 4,155

$3.90 CA$5.41

-70.26%

Lettuce (1 head)

$0.89 COP 3,182

$2.99 CA$4.14

-70.23%

Water (1.5 liter bottle)

$0.84 COP 2,997

$3.55 CA$4.92

-76.34%

Cigarettes 20 Pack (Marlboro, Camel)

$2.28 COP 8,145

$14.43 CA$19.98

-84.20%

Wine (Bottle)

$10.64 COP 38.0K

$12.80 CA$17.73

-16.88%

Local Beer (0.5 liter bottle)

$1.20 COP 4,284

$1.46 CA$2.02

-17.81%

Imported Beer (0.33 liter bottle)

$2.47 COP 8,824

$2.19 CA$3.03

12.79%

One-way Ticket (Public Transport)

$0.86 COP 3,056

$2.35 CA$3.25

-63.40%

Public Transport Monthly Pass (Regular Price)

$41.40 COP 147.9K

$144 CA$200

-71.29%

Taxi Start (Normal Tariff)

$1.47 COP 5,264

$6.82 CA$9.44

-78.45%

Taxi (Normal Tariff) (1km)

$1.96 COP 7,009

$0.71 CA$0.98

176.06%

Taxi 1hour Waiting (Normal Tariff)

$7.74 COP 27.6K

$25.47 CA$35.26

-69.61%

Gasoline (1 liter)

$0.95 COP 3,409

$1.27 CA$1.76

-25.20%

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

$18.1K COP 64.7M

$50.5K CA$70.0K

-64.12%

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

$26.5K COP 94.6M

$45.7K CA$63.3K

-42.04%

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

$82.3 COP 293.7K

$119 CA$164

-30.75%

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

$9.50 COP 33.9K

$54.3 CA$75.2

-82.51%

Internet (50+ Mbps, Unlimited Data)

$24.23 COP 86.5K

$56.3 CA$77.9

-56.94%

Gym Membership (Monthly)

$25.89 COP 92.4K

$42.07 CA$58.3

-38.46%

Tennis Court (1 Hour on Weekend)

$19.00 COP 67.9K

$22.02 CA$30.49

-13.71%

Cinema Ticket

$3.93 COP 14.0K

$8.50 CA$11.77

-53.76%

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

$309 COP 1.1M

$1,019 CA$1,411

-69.63%

International Primary School, 1 Child (Yearly)

$5,965 COP 21.3M

$3,997 CA$5,534

49.24%

Jeans (Levis 501 Or Similar)

$58.7 COP 209.5K

$62.9 CA$87.0

-6.67%

Summer Dress (H&M, Zara, etc)

$32.35 COP 115.5K

$36.88 CA$51.1

-12.28%

Sport Shoes (Adidas, Nike)

$103 COP 366.4K

$103 CA$143

-0.55%

Men's Leather Business Shoes

$108 COP 387.2K

$121 CA$167

-10.06%

1-bedroom Apartment, City Center (Monthly)

$476 COP 1.7M

$1,687 CA$2,336

-71.77%

1-bedroom Apartment, Outside City Center (Monthly)

$379 COP 1.4M

$1,567 CA$2,169

-75.82%

3-bedroom Apartment, City Center (Monthly)

$838 COP 3.0M

$3,136 CA$4,342

-73.27%

3-bedroom Apartment, Outside City Center (Monthly)

$724 COP 2.6M

$1,838 CA$2,545

-60.62%

Buy Apartment in City Center (m2)

$2,791 COP 10.0M

$4,603 CA$6,373

-39.38%

Buy Apartment Outside City Center (m2)

$1,211 COP 4.3M

$3,811 CA$5,277

-68.22%

Average Monthly Net Salary (After Tax)

$512 COP 1.8M

$4,299 CA$5,952

-88.09%

20-Year Fixed Mortgage Interest Rate (Annual %)

13.43

8.1

65.80%

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

Last update for Medellin: May 31, 2026

Last update for Iqaluit, NU: May 31, 2026

Cost Breakdown

A one-bedroom apartment in the center runs $476 in Medellin and $1,687 in Iqaluit, NU. Housing cost is often the main lever when comparing two cities.

Iqaluit, NU pays 740% 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: $33.00 in Medellin vs $66.0 in Iqaluit, NU for a mid-range dinner for two. Groceries echo the gap at $188 vs $414 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, Clothing & Footwear, Eating Out, Getting Around, Sport & Entertainment. The 201% gap adds up to real monthly savings that compound significantly over time.

On paper, Iqaluit, NU earns 740% less. 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: $476 in Medellin versus $1,687 in Iqaluit, NU. Housing is usually the single largest factor when comparing overall living costs between the two.

Childcare runs $309 in Medellin versus $1,019 in Iqaluit, NU. Over years of preschool, even a modest monthly gap compounds into a major financial factor for families.

Supermarket bills run roughly 120% higher in Iqaluit, NU. For households that cook at home regularly, that difference adds up over a month.

At $1,013 in Medellin versus $3,053 in Iqaluit, NU, a $1,500 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 201% less than in Iqaluit, NU. Beyond cost, consider language, visa policies, and how big the international community is in each city.