Last update: Nov 2026

Cost of Living Comparison Between Medellin and Monaghan

For one person, living is cheaper in Medellin: $1,692 a month against $2,382 in Monaghan, rent and utilities included – about $8,300 less a year. Rent and utilities account for most of the difference.

80

Cost of Living Index in Medellin
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Medellin Living Index
114

Cost of Living Index in Monaghan
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Monaghan Living Index

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Medellin

🇨🇴 Colombia

$1,692

/mo nomad

Monaghan

🇮🇪 Ireland

$2,382

/mo nomad

Monthly Cost of Living

How much you'll spend in Medellin and in Monaghan

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

A single person spends $1,692 per month in Medellin vs $2,382 in Monaghan, rent included.

Medellin $1,692
Monaghan $2,382

A couple spends around $2,471 per month in Medellin vs $3,362 in Monaghan, rent included.

Medellin $2,471
Monaghan $3,362

A family of three spends $3,249 per month in Medellin vs $4,343 in Monaghan, rent included.

Medellin $3,249
Monaghan $4,343

Medellin is about 29% cheaper than Monaghan, and outside of rent the biggest gap is in eating out.

Both Medellin and Monaghan sit above the global median – Medellin by 25%, Monaghan by 76%.

Meal at Budget Restaurant

$8.34 COP 26.9K

$17.47 €15.56

-52.26%

Three-Course Dinner for Two, Mid-Range

$46.53 COP 150.3K

$57.8 €51.4

-19.47%

Fast Food Meal (McDonalds, etc)

$9.47 COP 30.6K

$12.33 €10.98

-23.20%

Cappuccino

$3.13 COP 10.1K

$4.02 €3.58

-22.14%

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

$1.77 COP 5,705

$2.57 €2.28

-31.13%

Water (0.33 liter bottle)

$1.42 COP 4,601

$2.11 €1.88

-32.70%

Local Beer (0.5 liter draught)

$3.15 COP 10.2K

$6.57 €5.85

-52.05%

Imported Beer (0.33 liter bottle)

$5.70 COP 18.4K

$6.57 €5.85

-13.24%

Milk (1 liter)

$1.53 COP 4,950

$1.61 €1.44

-4.97%

White Bread (500g)

$2.29 COP 7,401

$2.11 €1.88

8.53%

Rice (white) (1kg)

$1.94 COP 6,282

$1.77 €1.58

9.60%

Eggs

$3.07 COP 9,905

$4.32 €3.85

-28.94%

Local Cheese (1kg)

$9.99 COP 32.3K

$9.84 €8.76

1.52%

Chicken Fillets (1kg)

$10.45 COP 33.7K

$12.13 €10.80

-13.85%

Beef Round Steak (1kg)

$13.96 COP 45.1K

$13.20 €11.75

5.76%

Apples (1kg)

$4.05 COP 13.1K

$2.97 €2.64

36.36%

Banana (1kg)

$1.53 COP 4,937

$2.22 €1.98

-31.08%

Oranges (1kg)

$2.10 COP 6,797

$2.99 €2.66

-29.77%

Tomato (1kg)

$2.29 COP 7,409

$4.02 €3.58

-43.03%

Potato (1kg)

$2.11 COP 6,813

$1.86 €1.65

13.44%

Onion (1kg)

$1.71 COP 5,521

$1.51 €1.35

13.25%

Lettuce (1 head)

$1.17 COP 3,780

$1.26 €1.12

-7.14%

Water (1.5 liter bottle)

$1.58 COP 5,104

$1.84 €1.64

-14.13%

Cigarettes 20 Pack (Marlboro, Camel)

$3.91 COP 12.6K

$20.10 €17.90

-80.55%

Wine (Bottle)

$14.04 COP 45.4K

$13.30 €11.84

5.56%

Local Beer (0.5 liter bottle)

$1.76 COP 5,690

$3.26 €2.90

-46.01%

Imported Beer (0.33 liter bottle)

$2.71 COP 8,760

$3.55 €3.16

-23.66%

One-way Ticket (Public Transport)

$1.18 COP 3,811

$2.52 €2.24

-53.17%

Public Transport Monthly Pass (Regular Price)

$76.3 COP 246.4K

Taxi Start (Normal Tariff)

$1.81 COP 5,836

$5.06 €4.51

-64.23%

Taxi (Normal Tariff) (1km)

$2.13 COP 6,878

$1.49 €1.33

42.95%

Taxi 1hour Waiting (Normal Tariff)

$8.13 COP 26.3K

$37.90 €33.74

-78.55%

Gasoline (1 liter)

$1.28 COP 4,119

$1.84 €1.63

-30.43%

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

$34.4K COP 111.2M

$38.3K €34.1K

-10.10%

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

$34.1K COP 110.3M

$38.0K €33.8K

-10.17%

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

$178 COP 574.1K

$241 €215

-26.24%

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

$13.89 COP 44.9K

$20.67 €18.40

-32.80%

Internet (50+ Mbps, Unlimited Data)

$30.74 COP 99.3K

$51.1 €45.53

-39.89%

Gym Membership (Monthly)

$41.94 COP 135.5K

$57.6 €51.2

-27.12%

Tennis Court (1 Hour on Weekend)

$16.80 COP 54.3K

Cinema Ticket

$7.47 COP 24.1K

$13.64 €12.15

-45.23%

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

$790 COP 2.6M

$1,019 €908

-22.49%

International Primary School, 1 Child (Yearly)

$12.3K COP 39.7M

$5,209 €4,638

136.07%

Jeans (Levis 501 Or Similar)

$86.3 COP 278.9K

$93.3 €83.0

-7.42%

Summer Dress (H&M, Zara, etc)

$59.3 COP 191.4K

$41.49 €36.94

42.83%

Sport Shoes (Adidas, Nike)

$138 COP 446.9K

$91.5 €81.5

51.22%

Men's Leather Business Shoes

$98.8 COP 319.2K

$106 €94.0

-6.36%

1-bedroom Apartment, City Center (Monthly)

$1,341 COP 4.3M

$1,275 €1,135

5.21%

1-bedroom Apartment, Outside City Center (Monthly)

$667 COP 2.2M

$1,185 €1,055

-43.71%

3-bedroom Apartment, City Center (Monthly)

$1,976 COP 6.4M

$2,259 €2,012

-12.55%

3-bedroom Apartment, Outside City Center (Monthly)

$1,033 COP 3.3M

$1,820 €1,620

-43.24%

Buy Apartment in City Center (m2)

$4,098 COP 13.2M

Buy Apartment Outside City Center (m2)

$1,940 COP 6.3M

$3,366 €2,997

-42.36%

Average Monthly Net Salary (After Tax)

$646 COP 2.1M

$3,993 €3,556

-83.82%

20-Year Fixed Mortgage Interest Rate (Annual %)

10.94

3.81

187.14%

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

Last update for Medellin: November 2, 2026

Last update for Monaghan: November 2, 2026

Monthly budget structure

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

Accommodation & Living

Medellin

$667 39.4%

Monaghan

$1.2K 49.8% 77.6% $518

Groceries & Markets

Medellin

$307 18.2%

Monaghan

$337 14.2% 9.7% $30

Monthly Utilities & Internet

Medellin

$222 13.1%

Monaghan

$313 13.1% 40.7% $90

Eating Out

Medellin

$173 10.2%

Monaghan

$290 12.2% 67.8% $117

Clothing & Footwear

Medellin

$172 10.2%

Monaghan

$149 6.3% 13.3% $23

Getting Around

Medellin

$93 5.5%

Monaghan

$23 * 1% 75.8% $71

Sport & Entertainment

Medellin

$57 3.4%

Monaghan

$85 3.6% 49.1% $28

Categories marked with * are only partly priced – their share counts the items that do have prices.

Cost Breakdown

A central one-bedroom costs $1,341 in Medellin versus $1,275 in Monaghan. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

Salaries in Monaghan are about 6.2 times higher. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $47 in Medellin versus $58 in Monaghan. Monthly groceries follow the same trend: $307 vs $337 – making Medellin the more affordable choice for daily food spending.

Good to know

🇨🇴 Medellin

🇮🇪 Monaghan

🕒 Local time

00:06 12:06 AM

05:06 5:06 AM

5 h ahead of Medellin

🌤 Weather

👥 Population

2,486,723

7,700

💱 Currency

Colombian Peso COP $

Euro EUR €

📈 Exchange rate

10,000 COP = 3.1 USD

10,000 COP = 2.76 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 6, 2026: 1 USD = 3,230 COP (10,000 COP = 3.1 USD). 1 EUR = 3,626 COP (10,000 COP = 2.76 EUR).

Euro exchange rates as of November 6, 2026: 1 USD = 0.89 EUR (1 EUR = 1.12 USD).

USD to COP in detail →

On the map

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Highest

Between locations

Medellin Monaghan 8,060 km ≈ 11 h nonstop flight

From you

Medellin
Monaghan

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 Monaghan: Cost of Living - Frequently Asked Questions

Yes – Monaghan is pricier by about 41%, and outside of rent the gap shows up most in eating out.

For a comfortable life, plan on about $2,538 per month in Medellin and $3,572 in Monaghan. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

A central 1-bedroom goes for about $1,341 in Medellin and $1,275 in Monaghan. The gap holds across neighborhoods – outer areas show a similar spread, just at lower price points.

A mid-range dinner for two costs $47 in Medellin and $58 in Monaghan. That’s a good indicator of the overall restaurant and café pricing gap between the two cities.

Groceries cost about 10% more in Monaghan, though the gap depends on what you buy.

It depends on your priorities. Medellin has an edge in some lifestyle areas, with costs from $1,692 in Medellin to $2,382 in Monaghan. Climate, culture, job market, and personal taste all factor in.

If budget matters most, go with Medellin. If higher salaries or specific career opportunities are the priority, Monaghan makes more sense. Both are solid long-term options with distinct trade-offs.