Cost of Living Comparison Between Medellin and New Providence Cost of Living Comparison Between Medellin and New Providence

Monthly Cost of Living

A single person spends $1,013 per month in Medellin vs $1,862 in New Providence, rent included.

A couple spends around $1,602 per month in Medellin vs $4,692 in New Providence, rent included.

A family of three spends $2,192 per month in Medellin vs $7,522 in New Providence, rent included.

Medellin is about 46% cheaper than New Providence, driven mainly by Eating Out.

Medellin sits 24% below the global median, while New Providence is 39% above – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$5.99 COP 21.4K

$29.74 BSD 29.74

-79.86%

Three-Course Dinner for Two, Mid-Range

$32.86 COP 117.4K

$122 BSD 122

-73.01%

Fast Food Meal (McDonalds, etc)

$7.09 COP 25.3K

$9.66 BSD 9.66

-26.60%

Cappuccino

$1.71 COP 6,115

$6.30 BSD 6.30

-72.86%

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

$1.10 COP 3,924

$4.71 BSD 4.71

-76.65%

Water (0.33 liter bottle)

$0.78 COP 2,781

$3.54 BSD 3.54

-77.97%

Local Beer (0.5 liter draught)

$1.68 COP 5,997

$9.31 BSD 9.31

-81.95%

Imported Beer (0.33 liter bottle)

$3.07 COP 11.0K

$4.46 BSD 4.46

-31.17%

Milk (1 liter)

$1.09 COP 3,906

$2.95 BSD 2.95

-63.05%

White Bread (500g)

$1.26 COP 4,508

$4.71 BSD 4.71

-73.25%

Rice (white) (1kg)

$1.38 COP 4,922

$6.22 BSD 6.22

-77.81%

Eggs

$2.19 COP 7,827

$6.58 BSD 6.58

-66.72%

Local Cheese (1kg)

$4.40 COP 15.7K

$13.77 BSD 13.77

-68.05%

Chicken Fillets (1kg)

$5.63 COP 20.1K

$8.03 BSD 8.03

-29.89%

Beef Round Steak (1kg)

$8.89 COP 31.8K

$13.14 BSD 13.14

-32.34%

Apples (1kg)

$2.34 COP 8,349

$2.91 BSD 2.91

-19.59%

Banana (1kg)

$1.06 COP 3,777

$4.02 BSD 4.02

-73.63%

Oranges (1kg)

$1.50 COP 5,374

$4.37 BSD 4.37

-65.68%

Tomato (1kg)

$1.38 COP 4,924

$3.06 BSD 3.06

-54.90%

Potato (1kg)

$1.15 COP 4,111

$3.02 BSD 3.02

-61.92%

Onion (1kg)

$1.16 COP 4,155

$2.42 BSD 2.42

-52.07%

Lettuce (1 head)

$0.89 COP 3,182

$2.60 BSD 2.60

-65.77%

Water (1.5 liter bottle)

$0.84 COP 2,997

$2.44 BSD 2.44

-65.57%

Cigarettes 20 Pack (Marlboro, Camel)

$2.28 COP 8,145

$12.14 BSD 12.14

-81.22%

Wine (Bottle)

$10.64 COP 38.0K

$25.46 BSD 25.46

-58.21%

Local Beer (0.5 liter bottle)

$1.20 COP 4,284

$3.31 BSD 3.31

-63.75%

Imported Beer (0.33 liter bottle)

$2.47 COP 8,824

$3.92 BSD 3.92

-36.99%

One-way Ticket (Public Transport)

$0.86 COP 3,056

$1.22 BSD 1.22

-29.51%

Public Transport Monthly Pass (Regular Price)

$41.40 COP 147.9K

Taxi Start (Normal Tariff)

$1.47 COP 5,264

Taxi (Normal Tariff) (1km)

$1.96 COP 7,009

Taxi 1hour Waiting (Normal Tariff)

$7.74 COP 27.6K

$60.5 BSD 60.5

-87.20%

Gasoline (1 liter)

$0.95 COP 3,409

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

$18.1K COP 64.7M

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

$26.5K COP 94.6M

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

$82.3 COP 293.7K

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

$9.50 COP 33.9K

$40.29 BSD 40.29

-76.42%

Internet (50+ Mbps, Unlimited Data)

$24.23 COP 86.5K

$99.2 BSD 99.2

-75.57%

Gym Membership (Monthly)

$25.89 COP 92.4K

$73.5 BSD 73.5

-64.79%

Tennis Court (1 Hour on Weekend)

$19.00 COP 67.9K

Cinema Ticket

$3.93 COP 14.0K

$15.19 BSD 15.19

-74.13%

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

$309 COP 1.1M

International Primary School, 1 Child (Yearly)

$5,965 COP 21.3M

Jeans (Levis 501 Or Similar)

$58.7 COP 209.5K

Summer Dress (H&M, Zara, etc)

$32.35 COP 115.5K

Sport Shoes (Adidas, Nike)

$103 COP 366.4K

Men's Leather Business Shoes

$108 COP 387.2K

1-bedroom Apartment, City Center (Monthly)

$476 COP 1.7M

$1,483 BSD 1,483

-67.89%

1-bedroom Apartment, Outside City Center (Monthly)

$379 COP 1.4M

$689 BSD 689

-45.06%

3-bedroom Apartment, City Center (Monthly)

$838 COP 3.0M

3-bedroom Apartment, Outside City Center (Monthly)

$724 COP 2.6M

$4,498 BSD 4,498

-83.91%

Buy Apartment in City Center (m2)

$2,791 COP 10.0M

Buy Apartment Outside City Center (m2)

$1,211 COP 4.3M

Average Monthly Net Salary (After Tax)

$512 COP 1.8M

20-Year Fixed Mortgage Interest Rate (Annual %)

13.43

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

Last update for Medellin: May 31, 2026

Last update for New Providence: June 1, 2026

Cost Breakdown

A central one-bedroom costs $476 in Medellin versus $1,483 in New Providence. 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 $122 in New Providence. Monthly groceries follow the same trend: $188 vs $449 – 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 New Providence: Cost of Living - Frequently Asked Questions

Yes – New Providence is pricier by about 84%, 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 $1,519 per month in Medellin and $2,794 in New Providence. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

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

Groceries cost about 138% more in New Providence, though it depends on what you buy. Local produce may be comparable; imported and premium items show the biggest price gap.

A mid-range dinner for two costs $33.00 in Medellin and $122 in New Providence. That's a good indicator of the overall restaurant and café pricing gap between the two cities.

A $1,500 monthly budget goes further in Medellin, where all-in costs run around $1,013, than in New Providence at $1,862. In Medellin it covers expenses comfortably, while in New Providence it requires careful planning or may not stretch far enough.

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

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