Cost of Living Comparison Between Medellin and Neum Cost of Living Comparison Between Medellin and Neum

Monthly Cost of Living

A single person spends $1,031 per month in Medellin vs $952 in Neum, rent included.

A couple spends around $1,599 per month in Medellin vs $1,490 in Neum, rent included.

A family of three spends $2,167 per month in Medellin vs $2,027 in Neum, rent included.

Medellin costs about 8% more than Neum, driven mainly by Eating Out.

Both Medellin and Neum are more affordable than the global median – Medellin 23% lower, Neum 29% lower.

Meal at Budget Restaurant

$6.16 COP 20.1K

$8.60 BAM 14.71

-28.37%

Three-Course Dinner for Two, Mid-Range

$32.60 COP 106.1K

$41.64 BAM 71.2

-21.71%

Fast Food Meal (McDonalds, etc)

$7.34 COP 23.9K

$7.53 BAM 12.88

-2.52%

Cappuccino

$1.72 COP 5,600

$1.65 BAM 2.82

4.24%

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

$1.05 COP 3,420

$2.02 BAM 3.45

-48.02%

Water (0.33 liter bottle)

$0.77 COP 2,515

$1.15 BAM 1.96

-33.04%

Local Beer (0.5 liter draught)

$1.69 COP 5,488

$2.08 BAM 3.55

-18.75%

Imported Beer (0.33 liter bottle)

$3.17 COP 10.3K

$2.78 BAM 4.76

14.03%

Milk (1 liter)

$1.05 COP 3,423

$1.34 BAM 2.28

-21.64%

White Bread (500g)

$1.30 COP 4,236

$1.28 BAM 2.19

1.56%

Rice (white) (1kg)

$1.40 COP 4,544

$1.58 BAM 2.70

-11.39%

Eggs

$2.16 COP 7,047

$2.95 BAM 5.05

-26.78%

Local Cheese (1kg)

$4.39 COP 14.3K

$9.25 BAM 15.82

-52.54%

Chicken Fillets (1kg)

$5.88 COP 19.1K

$8.51 BAM 14.56

-30.90%

Beef Round Steak (1kg)

$8.64 COP 28.1K

$11.70 BAM 20.01

-26.15%

Apples (1kg)

$2.28 COP 7,426

$1.44 BAM 2.45

58.33%

Banana (1kg)

$1.11 COP 3,604

$1.64 BAM 2.80

-32.32%

Oranges (1kg)

$1.53 COP 4,983

$1.94 BAM 3.32

-21.13%

Tomato (1kg)

$1.35 COP 4,410

$2.01 BAM 3.45

-32.84%

Potato (1kg)

$1.13 COP 3,674

$1.16 BAM 1.98

-2.59%

Onion (1kg)

$1.13 COP 3,692

$1.11 BAM 1.89

1.80%

Lettuce (1 head)

$0.85 COP 2,753

$1.15 BAM 1.97

-26.09%

Water (1.5 liter bottle)

$0.91 COP 2,975

$0.71 BAM 1.21

28.17%

Cigarettes 20 Pack (Marlboro, Camel)

$2.34 COP 7,630

$3.78 BAM 6.47

-38.10%

Wine (Bottle)

$12.37 COP 40.3K

$4.04 BAM 6.91

206.19%

Local Beer (0.5 liter bottle)

$1.20 COP 3,909

$0.71 BAM 1.22

69.01%

Imported Beer (0.33 liter bottle)

$2.49 COP 8,104

$1.08 BAM 1.85

130.56%

One-way Ticket (Public Transport)

$0.84 COP 2,728

$1.82 BAM 3.11

-53.85%

Public Transport Monthly Pass (Regular Price)

$40.57 COP 132.1K

$35.23 BAM 60.3

15.16%

Taxi Start (Normal Tariff)

$1.42 COP 4,623

$1.43 BAM 2.45

-0.70%

Taxi (Normal Tariff) (1km)

$1.92 COP 6,235

$1.09 BAM 1.86

76.15%

Taxi 1hour Waiting (Normal Tariff)

$7.66 COP 24.9K

$7.24 BAM 12.38

5.80%

Gasoline (1 liter)

$0.99 COP 3,223

$1.48 BAM 2.53

-33.11%

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

$18.0K COP 58.7M

$28.2K BAM 48.2K

-36.06%

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

$26.6K COP 86.7M

$26.1K BAM 44.7K

1.91%

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

$80.8 COP 263.1K

$174 BAM 298

-53.61%

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

$9.95 COP 32.4K

$19.43 BAM 33.23

-48.79%

Internet (50+ Mbps, Unlimited Data)

$24.18 COP 78.7K

$24.03 BAM 41.10

0.62%

Gym Membership (Monthly)

$25.08 COP 81.7K

$29.92 BAM 51.2

-16.18%

Tennis Court (1 Hour on Weekend)

$19.15 COP 62.3K

$11.09 BAM 18.97

72.68%

Cinema Ticket

$3.98 COP 13.0K

$4.67 BAM 7.99

-14.78%

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

$305 COP 993.5K

$207 BAM 354

47.39%

International Primary School, 1 Child (Yearly)

$6,059 COP 19.7M

$3,694 BAM 6,319

63.99%

Jeans (Levis 501 Or Similar)

$58.1 COP 189.2K

$70.3 BAM 120

-17.36%

Summer Dress (H&M, Zara, etc)

$32.20 COP 104.8K

$36.78 BAM 62.9

-12.45%

Sport Shoes (Adidas, Nike)

$101 COP 327.9K

$87.8 BAM 150

14.75%

Men's Leather Business Shoes

$108 COP 350.8K

$114 BAM 195

-5.57%

1-bedroom Apartment, City Center (Monthly)

$477 COP 1.6M

$262 BAM 448

81.97%

1-bedroom Apartment, Outside City Center (Monthly)

$376 COP 1.2M

$167 BAM 285

125.72%

3-bedroom Apartment, City Center (Monthly)

$845 COP 2.7M

$363 BAM 621

132.70%

3-bedroom Apartment, Outside City Center (Monthly)

$730 COP 2.4M

$314 BAM 537

132.52%

Buy Apartment in City Center (m2)

$3,215 COP 10.5M

$2,490 BAM 4,259

29.12%

Buy Apartment Outside City Center (m2)

$1,372 COP 4.5M

$1,817 BAM 3,107

-24.46%

Average Monthly Net Salary (After Tax)

$617 COP 2.0M

$877 BAM 1,500

-29.67%

20-Year Fixed Mortgage Interest Rate (Annual %)

13.43

2.9

363.10%

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

Last update for Medellin: July 12, 2026

Last update for Neum: July 12, 2026

Cost Breakdown

A central one-bedroom costs $477 in Medellin versus $262 in Neum. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

Salaries run about 42% higher in Neum, which reinforces the cost advantage – you earn more and spend less. Purchasing power leans clearly in its favor.

A mid-range dinner for two costs $33.00 in Medellin versus $42.00 in Neum. Monthly groceries follow the same trend: $193 vs $217 – making Medellin 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 Neum: Cost of Living - Frequently Asked Questions

Yes – Medellin is pricier by about 8%, and the gap shows up most in Eating Out. It's not just housing either; the difference applies across most spending categories.

For a comfortable life, plan on about $1,546 per month in Medellin and $1,428 in Neum. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

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

A mid-range dinner for two costs $33.00 in Medellin and $42.00 in Neum. That's a good indicator of the overall restaurant and café pricing gap between the two cities.

Monthly expenses with rent come to $1,031 in Medellin and $952 in Neum. The difference isn't just one category – it shows up across housing, food, transport, and services.

A $2,000 monthly budget goes further in Neum, where all-in costs run around $952, than in Medellin at $1,031. In Neum it covers expenses comfortably, while in Medellin it requires careful planning or may not stretch far enough.

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

Both have safer and rougher neighborhoods, but overall safety is comparable to other large cities. Neighborhood choice matters more than the city-level comparison – central, well-trafficked areas feel secure in both.

If budget matters most, go with Neum. 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.