Last update: Oct 2026

Cost of Living Comparison Between Medellin and Lanzarote

Name: Lanzarote
Address: Lanzarote, ES

For one person, living costs are similar in Medellin and in Lanzarote: $1,639 and $1,605 a month, rent and utilities included.

79

Cost of Living Index in Medellin
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Medellin Living Index
78

Cost of Living Index in Lanzarote
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Lanzarote Living Index

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Medellin

🇨🇴 Colombia

$1,639

/mo nomad

Lanzarote

🇪🇸 Spain

$1,605

/mo nomad

Monthly Cost of Living

How much you'll spend in Medellin and in Lanzarote

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

A single person spends $1,639 per month in Medellin vs $1,605 in Lanzarote, rent included.

Medellin $1,639
Lanzarote $1,605

A couple spends around $2,413 per month in Medellin vs $2,427 in Lanzarote, rent included.

Medellin $2,413
Lanzarote $2,427

A family of three spends $3,186 per month in Medellin vs $3,250 in Lanzarote, rent included.

Medellin $3,186
Lanzarote $3,250

Medellin and Lanzarote have comparable living costs – the differences are in the details.

Both Medellin and Lanzarote sit above the global median – Medellin by 20%, Lanzarote by 18%.

Meal at Budget Restaurant

$8.09 COP 26.1K

$13.68 €12.25

-40.86%

Three-Course Dinner for Two, Mid-Range

$47.05 COP 151.7K

$72.4 €64.8

-35.01%

Fast Food Meal (McDonalds, etc)

$9.50 COP 30.6K

$10.58 €9.48

-10.21%

Cappuccino

$3.01 COP 9,722

$2.47 €2.22

21.86%

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

$1.80 COP 5,801

$2.13 €1.91

-15.49%

Water (0.33 liter bottle)

$1.41 COP 4,554

$1.62 €1.45

-12.96%

Local Beer (0.5 liter draught)

$3.18 COP 10.2K

$3.10 €2.78

2.58%

Imported Beer (0.33 liter bottle)

$5.75 COP 18.5K

$3.69 €3.31

55.83%

Milk (1 liter)

$1.51 COP 4,869

$1.09 €0.97

38.53%

White Bread (500g)

$2.38 COP 7,667

$1.45 €1.30

64.14%

Rice (white) (1kg)

$1.77 COP 5,712

$1.58 €1.41

12.03%

Eggs

$2.89 COP 9,320

$3.53 €3.16

-18.13%

Local Cheese (1kg)

$10.19 COP 32.9K

$12.19 €10.92

-16.41%

Chicken Fillets (1kg)

$9.87 COP 31.8K

$9.92 €8.88

-0.50%

Beef Round Steak (1kg)

$13.99 COP 45.1K

$18.20 €16.30

-23.13%

Apples (1kg)

$3.97 COP 12.8K

$2.56 €2.30

55.08%

Banana (1kg)

$1.55 COP 5,005

$2.57 €2.30

-39.69%

Oranges (1kg)

$2.18 COP 7,039

$2.22 €1.99

-1.80%

Tomato (1kg)

$2.18 COP 7,041

$2.53 €2.27

-13.83%

Potato (1kg)

$1.96 COP 6,328

$1.78 €1.60

10.11%

Onion (1kg)

$1.59 COP 5,125

$2.39 €2.14

-33.47%

Lettuce (1 head)

$1.15 COP 3,694

$2.02 €1.81

-43.07%

Water (1.5 liter bottle)

$1.24 COP 4,009

$0.86 €0.77

44.19%

Cigarettes 20 Pack (Marlboro, Camel)

$3.96 COP 12.8K

$4.54 €4.07

-12.78%

Wine (Bottle)

$13.68 COP 44.1K

$6.75 €6.05

102.67%

Local Beer (0.5 liter bottle)

$1.66 COP 5,352

$1.74 €1.56

-4.60%

Imported Beer (0.33 liter bottle)

$2.26 COP 7,281

$2.71 €2.42

-16.61%

One-way Ticket (Public Transport)

$1.17 COP 3,766

$1.66 €1.49

-29.52%

Public Transport Monthly Pass (Regular Price)

$77.4 COP 249.5K

$33.06 €29.61

134.03%

Taxi Start (Normal Tariff)

$1.27 COP 4,089

$3.34 €2.99

-61.98%

Taxi (Normal Tariff) (1km)

$2.05 COP 6,603

$2.18 €1.95

-5.96%

Taxi 1hour Waiting (Normal Tariff)

$8.55 COP 27.6K

$27.60 €24.72

-69.02%

Gasoline (1 liter)

$1.35 COP 4,343

$1.76 €1.58

-23.30%

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

$34.1K COP 109.8M

$29.9K €26.8K

13.89%

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

$34.7K COP 111.8M

$31.6K €28.3K

9.67%

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

$170 COP 547.0K

$114 €102

48.67%

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

$13.55 COP 43.7K

$19.99 €17.91

-32.22%

Internet (50+ Mbps, Unlimited Data)

$28.07 COP 90.5K

$28.15 €25.21

-0.28%

Gym Membership (Monthly)

$43.70 COP 140.9K

$44.61 €39.95

-2.04%

Tennis Court (1 Hour on Weekend)

$17.19 COP 55.4K

$16.00 €14.33

7.44%

Cinema Ticket

$6.91 COP 22.3K

$9.03 €8.09

-23.48%

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

$797 COP 2.6M

$478 €428

66.63%

International Primary School, 1 Child (Yearly)

$9,112 COP 29.4M

$6,573 €5,887

38.62%

Jeans (Levis 501 Or Similar)

$84.7 COP 273.2K

$88.2 €79.0

-3.96%

Summer Dress (H&M, Zara, etc)

$58.0 COP 186.9K

$38.58 €34.55

50.23%

Sport Shoes (Adidas, Nike)

$135 COP 435.2K

$91.1 €81.6

48.10%

Men's Leather Business Shoes

$97.9 COP 315.6K

$120 €108

-18.64%

1-bedroom Apartment, City Center (Monthly)

$1,208 COP 3.9M

$879 €787

37.43%

1-bedroom Apartment, Outside City Center (Monthly)

$642 COP 2.1M

$672 €602

-4.60%

3-bedroom Apartment, City Center (Monthly)

$2,028 COP 6.5M

$1,371 €1,228

47.87%

3-bedroom Apartment, Outside City Center (Monthly)

$1,012 COP 3.3M

$1,001 €896

1.11%

Buy Apartment in City Center (m2)

$4,170 COP 13.4M

$3,289 €2,945

26.80%

Buy Apartment Outside City Center (m2)

$1,910 COP 6.2M

$2,171 €1,944

-12.01%

Average Monthly Net Salary (After Tax)

$657 COP 2.1M

$1,683 €1,507

-60.95%

20-Year Fixed Mortgage Interest Rate (Annual %)

10.94

3.15

247.30%

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

Last update for Medellin: October 25, 2026

Last update for Lanzarote: October 25, 2026

Monthly budget structure

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

Accommodation & Living

Medellin

$642 39.1%

Lanzarote

$672 41.9% 4.8% $31

Groceries & Markets

Medellin

$297 18.1%

Lanzarote

$293 18.2% 1.5% $4.4

Monthly Utilities & Internet

Medellin

$211 12.9%

Lanzarote

$162 10.1% 23.2% $49

Eating Out

Medellin

$170 10.4%

Lanzarote

$209 13% 23.1% $39

Clothing & Footwear

Medellin

$169 10.3%

Lanzarote

$152 9.5% 9.9% $17

Getting Around

Medellin

$94 5.7%

Lanzarote

$54 3.4% 42.3% $40

Sport & Entertainment

Medellin

$58 3.5%

Lanzarote

$63 3.9% 8.9% $5.1

Cost Breakdown

A central one-bedroom costs $1,208 in Medellin versus $879 in Lanzarote. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

Salaries in Lanzarote are about 2.6 times higher. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $47 in Medellin versus $72 in Lanzarote. Groceries tell a different story – $297 in Medellin vs $293 in Lanzarote – so Lanzarote wins on supermarket bills even if dining out costs more.

Good to know

🇨🇴 Medellin

🇪🇸 Lanzarote

🕒 Local time

13:31 1:31 PM

18:31 6:31 PM

5 h ahead of Medellin

🌤 Weather

👥 Population

2,486,723

5,228

💱 Currency

Colombian Peso COP $

Euro EUR €

📈 Exchange rate

10,000 COP = 3.1 USD

10,000 COP = 2.78 EUR

1 EUR = 1.12 USD

Exchange rates and currency converter

EUR, USD to COP – Colombian Peso Converter

🇺🇸 United States Dollar ($)

🇨🇴 Colombian Peso ($)

Colombian Peso exchange rates as of November 1, 2026: 1 USD = 3,224 COP (10,000 COP = 3.1 USD). 1 EUR = 3,600 COP (10,000 COP = 2.78 EUR).

Euro exchange rates as of November 1, 2026: 1 USD = 0.896 EUR (1 EUR = 1.12 USD).

USD to COP in detail →

On the map

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Between locations

Medellin Lanzarote 6,950 km ≈ 9 h nonstop flight

From you

Medellin
Lanzarote

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 Lanzarote: Cost of Living - Frequently Asked Questions

For a comfortable life, plan on about $2,459 per month in Medellin and $2,407 in Lanzarote. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Lanzarote, especially for central apartments: a one-bedroom in the center costs $879 there versus $1,208 in Medellin.

Kindergarten costs $797 per month in Medellin and $478 in Lanzarote. For families with young kids, this one expense can tip the scales when choosing between the two cities.

Public transport costs about 57% less in Lanzarote. For daily commuters, that gap adds up to noticeable savings over a year.

$3,000 covers both cities comfortably – all-in costs are $1,639 in Medellin and $1,605 in Lanzarote, leaving budget for savings and extras in both cases.

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