Cost of Living Comparison Between Medellin and Madeira Cost of Living Comparison Between Medellin and Madeira

Monthly Cost of Living

Monthly costs for one person with rent: $1,013 in Medellin versus $1,596 in Madeira.

Estimated couple costs with rent: $1,602 in Medellin versus $2,338 in Madeira.

Monthly costs for a family of three with rent: $2,192 in Medellin versus $3,080 in Madeira.

Living in Medellin costs roughly 37% less than in Madeira, driven mainly by Eating Out.

The two cities straddle the global median: Medellin is 24% below, Madeira is 19% above.

Meal at Budget Restaurant

$5.99 COP 21.3K

$11.37 €9.79

-47.32%

Three-Course Dinner for Two, Mid-Range

$32.86 COP 116.9K

$45.81 €39.44

-28.27%

Fast Food Meal (McDonalds, etc)

$7.09 COP 25.2K

$9.24 €7.95

-23.27%

Cappuccino

$1.71 COP 6,093

$2.18 €1.87

-21.56%

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

$1.10 COP 3,910

$1.86 €1.60

-40.86%

Water (0.33 liter bottle)

$0.78 COP 2,771

$1.36 €1.17

-42.65%

Local Beer (0.5 liter draught)

$1.68 COP 5,976

$2.35 €2.03

-28.51%

Imported Beer (0.33 liter bottle)

$3.07 COP 10.9K

$3.37 €2.90

-8.90%

Milk (1 liter)

$1.09 COP 3,892

$1.09 €0.94

White Bread (500g)

$1.26 COP 4,492

$1.58 €1.36

-20.25%

Rice (white) (1kg)

$1.38 COP 4,905

$1.65 €1.42

-16.36%

Eggs

$2.19 COP 7,799

$3.13 €2.69

-30.03%

Local Cheese (1kg)

$4.40 COP 15.7K

$11.38 €9.79

-61.34%

Chicken Fillets (1kg)

$5.63 COP 20.0K

$7.62 €6.56

-26.12%

Beef Round Steak (1kg)

$8.89 COP 31.6K

$14.25 €12.27

-37.61%

Apples (1kg)

$2.34 COP 8,319

$2.28 €1.97

2.63%

Banana (1kg)

$1.06 COP 3,764

$1.49 €1.28

-28.86%

Oranges (1kg)

$1.50 COP 5,355

$1.77 €1.52

-15.25%

Tomato (1kg)

$1.38 COP 4,906

$2.59 €2.23

-46.72%

Potato (1kg)

$1.15 COP 4,097

$1.45 €1.25

-20.69%

Onion (1kg)

$1.16 COP 4,141

$1.90 €1.64

-38.95%

Lettuce (1 head)

$0.89 COP 3,170

$1.62 €1.39

-45.06%

Water (1.5 liter bottle)

$0.84 COP 2,986

$0.78 €0.67

7.69%

Cigarettes 20 Pack (Marlboro, Camel)

$2.28 COP 8,116

$5.91 €5.09

-61.42%

Wine (Bottle)

$10.64 COP 37.9K

$5.16 €4.44

106.20%

Local Beer (0.5 liter bottle)

$1.20 COP 4,268

$1.27 €1.09

-5.51%

Imported Beer (0.33 liter bottle)

$2.47 COP 8,793

$2.30 €1.98

7.39%

One-way Ticket (Public Transport)

$0.86 COP 3,045

$2.25 €1.94

-61.78%

Public Transport Monthly Pass (Regular Price)

$41.40 COP 147.3K

$42.56 €36.64

-2.73%

Taxi Start (Normal Tariff)

$1.47 COP 5,245

$4.09 €3.52

-64.06%

Taxi (Normal Tariff) (1km)

$1.96 COP 6,984

$0.85 €0.74

130.59%

Taxi 1hour Waiting (Normal Tariff)

$7.74 COP 27.5K

$17.11 €14.73

-54.76%

Gasoline (1 liter)

$0.95 COP 3,397

$1.98 €1.71

-52.02%

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

$18.1K COP 64.5M

$34.6K €29.8K

-47.66%

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

$26.5K COP 94.2M

$39.4K €33.9K

-32.78%

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

$82.3 COP 292.7K

$134 €115

-38.42%

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

$9.50 COP 33.8K

$21.61 €18.60

-56.04%

Internet (50+ Mbps, Unlimited Data)

$24.23 COP 86.2K

$41.97 €36.13

-42.27%

Gym Membership (Monthly)

$25.89 COP 92.1K

$44.35 €38.18

-41.62%

Tennis Court (1 Hour on Weekend)

$19.00 COP 67.6K

Cinema Ticket

$3.93 COP 14.0K

$8.17 €7.03

-51.90%

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

$309 COP 1.1M

$467 €402

-33.81%

International Primary School, 1 Child (Yearly)

$5,965 COP 21.2M

$8,341 €7,181

-28.48%

Jeans (Levis 501 Or Similar)

$58.7 COP 208.7K

$73.0 €62.8

-19.61%

Summer Dress (H&M, Zara, etc)

$32.35 COP 115.1K

$38.84 €33.44

-16.71%

Sport Shoes (Adidas, Nike)

$103 COP 365.1K

$93.5 €80.5

9.79%

Men's Leather Business Shoes

$108 COP 385.8K

$91.8 €79.0

18.13%

1-bedroom Apartment, City Center (Monthly)

$476 COP 1.7M

$930 €800

-48.78%

1-bedroom Apartment, Outside City Center (Monthly)

$379 COP 1.3M

$723 €622

-47.60%

3-bedroom Apartment, City Center (Monthly)

$838 COP 3.0M

$1,453 €1,251

-42.30%

3-bedroom Apartment, Outside City Center (Monthly)

$724 COP 2.6M

$1,145 €986

-36.78%

Buy Apartment in City Center (m2)

$2,791 COP 9.9M

$3,071 €2,644

-9.14%

Buy Apartment Outside City Center (m2)

$1,211 COP 4.3M

$2,294 €1,975

-47.20%

Average Monthly Net Salary (After Tax)

$512 COP 1.8M

20-Year Fixed Mortgage Interest Rate (Annual %)

13.43

5.01

168.06%

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

Last update for Medellin: May 31, 2026

Last update for Madeira: June 1, 2026

Cost Breakdown

A one-bedroom apartment in the center runs $476 in Medellin and $930 in Madeira. Housing cost is often the main lever when comparing two cities.

Dining out: $33.00 in Medellin vs $46.00 in Madeira for a mid-range dinner for two. Groceries echo the gap at $188 vs $247 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 Madeira: Cost of Living - Frequently Asked Questions

Medellin is cheaper overall, especially in Groceries & Markets, Eating Out, Getting Around, Sport & Entertainment, Monthly Utilities & Internet. The 58% gap adds up to real monthly savings that compound significantly over time.

You'd need roughly $1,519 in Medellin and $2,394 in Madeira to live well. The gap comes down to housing and overall price levels. Both cities are liveable on less, but these numbers represent actual comfort.

Rent for a central apartment: $476 in Medellin versus $930 in Madeira. Housing is usually the single largest factor when comparing overall living costs between the two.

All in, you'll spend $1,013 per month in Medellin versus $1,596 in Madeira – a 58% gap that adds up to real savings over time for anyone picking the cheaper option.

A monthly transit pass in Medellin runs roughly 3% less than in Madeira. Both cities have functional networks, but the price difference matters if you're watching your budget.

At $1,013 in Medellin versus $1,596 in Madeira, a $1,500 budget is realistic in Medellin but tight or insufficient in Madeira. 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 Madeira, and the savings on those two alone free up budget for education, activities, and family trips.

Safety-wise, Medellin and Madeira are on par. Petty crime is typical for cities this size, and most residents feel comfortable going about their daily routines in either place.

Expats usually find Medellin gentler on the wallet – expenses run 58% less than in Madeira. Beyond cost, consider language, visa policies, and how big the international community is in each city.