Cost of Living Comparison Between Medellin and Latacunga Cost of Living Comparison Between Medellin and Latacunga

Monthly Cost of Living

A single person spends $1,028 per month in Medellin vs $675 in Latacunga, rent included.

A couple spends around $1,586 per month in Medellin vs $1,099 in Latacunga, rent included.

A family of three spends $2,144 per month in Medellin vs $1,524 in Latacunga, rent included.

Medellin costs about 52% more than Latacunga, driven mainly by Getting Around.

Both Medellin and Latacunga are more affordable than the global median – Medellin 23% lower, Latacunga 49% lower.

Meal at Budget Restaurant

$6.00 COP 20.6K

$2.47 $2.47

142.91%

Three-Course Dinner for Two, Mid-Range

$32.84 COP 112.5K

$28.31 $28.31

16.00%

Fast Food Meal (McDonalds, etc)

$7.42 COP 25.4K

$8.13 $8.13

-8.73%

Cappuccino

$1.65 COP 5,659

$2.55 $2.55

-35.29%

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

$1.07 COP 3,663

$0.90 $0.90

18.89%

Water (0.33 liter bottle)

$0.76 COP 2,607

$0.61 $0.61

24.59%

Local Beer (0.5 liter draught)

$1.72 COP 5,908

$3.01 $3.01

-42.86%

Imported Beer (0.33 liter bottle)

$3.20 COP 11.0K

$4.52 $4.52

-29.20%

Milk (1 liter)

$1.05 COP 3,597

$1.08 $1.08

-2.78%

White Bread (500g)

$1.31 COP 4,479

$1.75 $1.75

-25.14%

Rice (white) (1kg)

$1.34 COP 4,591

$0.98 $0.98

36.73%

Eggs

$2.19 COP 7,521

$1.84 $1.84

19.02%

Local Cheese (1kg)

$4.41 COP 15.1K

$5.10 $5.10

-13.53%

Chicken Fillets (1kg)

$5.69 COP 19.5K

$5.38 $5.38

5.76%

Beef Round Steak (1kg)

$8.52 COP 29.2K

$6.24 $6.24

36.54%

Apples (1kg)

$2.34 COP 8,023

$2.09 $2.09

11.96%

Banana (1kg)

$1.11 COP 3,804

$1.09 $1.09

1.83%

Oranges (1kg)

$1.52 COP 5,210

$1.06 $1.06

43.40%

Tomato (1kg)

$1.37 COP 4,680

$1.09 $1.09

25.69%

Potato (1kg)

$1.15 COP 3,950

$0.98 $0.98

17.35%

Onion (1kg)

$1.18 COP 4,043

$1.01 $1.01

16.83%

Lettuce (1 head)

$0.84 COP 2,885

$0.52 $0.52

61.54%

Water (1.5 liter bottle)

$0.86 COP 2,931

$1.01 $1.01

-14.85%

Cigarettes 20 Pack (Marlboro, Camel)

$2.26 COP 7,753

$5.97 $5.97

-62.14%

Wine (Bottle)

$11.60 COP 39.8K

$10.06 $10.06

15.31%

Local Beer (0.5 liter bottle)

$1.20 COP 4,109

$1.54 $1.54

-22.08%

Imported Beer (0.33 liter bottle)

$2.48 COP 8,484

$2.23 $2.23

11.21%

One-way Ticket (Public Transport)

$0.79 COP 2,721

$0.37 $0.37

113.51%

Public Transport Monthly Pass (Regular Price)

$40.83 COP 139.9K

$23.92 $23.92

70.69%

Taxi Start (Normal Tariff)

$1.47 COP 5,023

$1.53 $1.53

-3.92%

Taxi (Normal Tariff) (1km)

$1.92 COP 6,568

$1.52 $1.52

26.32%

Taxi 1hour Waiting (Normal Tariff)

$7.77 COP 26.6K

$9.84 $9.84

-21.04%

Gasoline (1 liter)

$1.01 COP 3,464

$0.63 $0.63

60.32%

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

$17.7K COP 60.5M

$25.1K $25.1K

-29.58%

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

$26.5K COP 90.7M

$29.2K $29.2K

-9.54%

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

$81.1 COP 277.9K

$37.97 $37.97

113.59%

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

$9.43 COP 32.3K

$13.62 $13.62

-30.76%

Internet (50+ Mbps, Unlimited Data)

$23.86 COP 81.8K

$31.98 $31.98

-25.39%

Gym Membership (Monthly)

$25.99 COP 89.1K

$29.88 $29.88

-13.02%

Tennis Court (1 Hour on Weekend)

$18.71 COP 64.1K

$14.71 $14.71

27.19%

Cinema Ticket

$4.09 COP 14.0K

$7.59 $7.59

-46.11%

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

$315 COP 1.1M

$320 $320

-1.71%

International Primary School, 1 Child (Yearly)

$6,022 COP 20.6M

$5,864 $5,864

2.70%

Jeans (Levis 501 Or Similar)

$59.7 COP 204.6K

$51.8 $51.8

15.30%

Summer Dress (H&M, Zara, etc)

$31.97 COP 109.6K

$42.96 $42.96

-25.58%

Sport Shoes (Adidas, Nike)

$101 COP 346.9K

$102 $102

-0.75%

Men's Leather Business Shoes

$105 COP 360.3K

$112 $112

-6.33%

1-bedroom Apartment, City Center (Monthly)

$485 COP 1.7M

$121 $121

301.84%

1-bedroom Apartment, Outside City Center (Monthly)

$365 COP 1.3M

$79.1 $79.1

361.90%

3-bedroom Apartment, City Center (Monthly)

$827 COP 2.8M

$253 $253

226.37%

3-bedroom Apartment, Outside City Center (Monthly)

$730 COP 2.5M

$201 $201

262.96%

Buy Apartment in City Center (m2)

$2,992 COP 10.3M

$1,160 $1,160

157.98%

Buy Apartment Outside City Center (m2)

$1,314 COP 4.5M

$833 $833

57.75%

Average Monthly Net Salary (After Tax)

$551 COP 1.9M

20-Year Fixed Mortgage Interest Rate (Annual %)

13.43

9.35

43.64%

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

Last update for Medellin: June 15, 2026

Last update for Latacunga: June 16, 2026

Cost Breakdown

A central one-bedroom costs $485 in Medellin versus $121 in Latacunga. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

A mid-range dinner for two costs $33.00 in Medellin versus $28.00 in Latacunga. Monthly groceries follow the same trend: $190 vs $179 – making Latacunga the more affordable choice for daily food spending.

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 Latacunga: Cost of Living - Frequently Asked Questions

Monthly costs with rent: $1,028 in Medellin, $675 in Latacunga – roughly 52% apart. Medellin costs more across the board, with Getting Around showing the biggest gap.

For a comfortable life, plan on about $1,542 per month in Medellin and $1,012 in Latacunga. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

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

Kindergarten costs $315 per month in Medellin and $320 in Latacunga. For families with young kids, this one expense can tip the scales when choosing between the two cities.

Groceries cost about 6% more in Medellin, though it depends on what you buy. Local produce may be comparable; imported and premium items show the biggest price gap.

A $2,000 monthly budget goes further in Latacunga, where all-in costs run around $675, than in Medellin at $1,028. In Latacunga 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 $675 in Latacunga to $1,028 in Medellin. Climate, culture, job market, and personal taste all factor in.

If budget matters most, go with Latacunga. 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.