Cost of Living Comparison Between Medellin and Novelda Cost of Living Comparison Between Medellin and Novelda

Monthly Cost of Living

A single person spends $1,681 per month in Medellin vs $1,700 in Novelda, rent included.

A couple spends around $2,445 per month in Medellin vs $2,513 in Novelda, rent included.

A family of three spends $3,210 per month in Medellin vs $3,327 in Novelda, rent included.

Medellin is about 1% cheaper than Novelda, driven mainly by Eating Out.

Both Medellin and Novelda sit above the global median – Medellin by 23%, Novelda by 24%.

Meal at Budget Restaurant

$8.02 COP 25.4K

$17.55 €15.27

-54.30%

Three-Course Dinner for Two, Mid-Range

$47.87 COP 152.0K

$57.3 €49.86

-16.43%

Fast Food Meal (McDonalds, etc)

$9.89 COP 31.4K

$11.65 €10.14

-15.11%

Cappuccino

$3.13 COP 9,937

$2.30 €2.00

36.09%

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

$1.91 COP 6,058

$2.07 €1.81

-7.73%

Water (0.33 liter bottle)

$1.51 COP 4,794

$1.45 €1.26

4.14%

Local Beer (0.5 liter draught)

$3.12 COP 9,917

$3.15 €2.74

-0.95%

Imported Beer (0.33 liter bottle)

$5.75 COP 18.3K

$3.44 €3.00

67.15%

Milk (1 liter)

$1.44 COP 4,587

$1.16 €1.01

24.14%

White Bread (500g)

$2.49 COP 7,894

$1.45 €1.26

71.72%

Rice (white) (1kg)

$1.77 COP 5,631

$1.53 €1.33

15.69%

Eggs

$2.96 COP 9,396

$3.31 €2.88

-10.57%

Local Cheese (1kg)

$10.07 COP 32.0K

$16.34 €14.22

-38.37%

Chicken Fillets (1kg)

$10.12 COP 32.1K

$9.67 €8.42

4.65%

Beef Round Steak (1kg)

$14.30 COP 45.4K

$17.00 €14.80

-15.88%

Apples (1kg)

$4.14 COP 13.1K

$2.98 €2.59

38.93%

Banana (1kg)

$1.61 COP 5,106

$1.94 €1.69

-17.01%

Oranges (1kg)

$2.25 COP 7,129

$1.52 €1.32

48.03%

Tomato (1kg)

$2.25 COP 7,150

$2.80 €2.43

-19.64%

Potato (1kg)

$2.04 COP 6,486

$2.01 €1.75

1.49%

Onion (1kg)

$1.54 COP 4,873

$1.98 €1.72

-22.22%

Lettuce (1 head)

$1.17 COP 3,715

$1.24 €1.08

-5.65%

Water (1.5 liter bottle)

$1.31 COP 4,148

$0.69 €0.60

89.86%

Cigarettes 20 Pack (Marlboro, Camel)

$3.90 COP 12.4K

$6.50 €5.66

-40.00%

Wine (Bottle)

$14.01 COP 44.5K

$5.84 €5.08

139.90%

Local Beer (0.5 liter bottle)

$1.74 COP 5,534

$1.24 €1.08

40.32%

Imported Beer (0.33 liter bottle)

$2.87 COP 9,112

$1.78 €1.55

61.24%

One-way Ticket (Public Transport)

$1.22 COP 3,858

$1.65 €1.43

-26.06%

Public Transport Monthly Pass (Regular Price)

$80.5 COP 255.5K

$34.54 €30.07

133.01%

Taxi Start (Normal Tariff)

$1.31 COP 4,155

$3.19 €2.78

-58.93%

Taxi (Normal Tariff) (1km)

$2.19 COP 6,944

$1.38 €1.20

58.70%

Taxi 1hour Waiting (Normal Tariff)

$8.71 COP 27.7K

$17.68 €15.39

-50.74%

Gasoline (1 liter)

$1.37 COP 4,334

$1.78 €1.55

-23.03%

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

$27.8K COP 88.4M

$36.2K €31.5K

-23.18%

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

$35.8K COP 113.6M

$30.1K €26.2K

18.89%

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

$177 COP 562.9K

$134 €117

31.93%

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

$13.88 COP 44.1K

$16.79 €14.61

-17.33%

Internet (50+ Mbps, Unlimited Data)

$29.72 COP 94.4K

$31.65 €27.54

-6.10%

Gym Membership (Monthly)

$44.88 COP 142.5K

$46.60 €40.56

-3.69%

Tennis Court (1 Hour on Weekend)

$17.12 COP 54.4K

$16.73 €14.56

2.33%

Cinema Ticket

$6.65 COP 21.1K

$9.86 €8.59

-32.56%

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

$813 COP 2.6M

$415 €361

95.97%

International Primary School, 1 Child (Yearly)

$9,187 COP 29.2M

$7,359 €6,405

24.84%

Jeans (Levis 501 Or Similar)

$89.5 COP 284.1K

$76.5 €66.6

16.98%

Summer Dress (H&M, Zara, etc)

$59.0 COP 187.2K

$37.43 €32.58

57.55%

Sport Shoes (Adidas, Nike)

$138 COP 438.8K

$107 €93.4

28.81%

Men's Leather Business Shoes

$102 COP 324.2K

$109 €94.5

-5.89%

1-bedroom Apartment, City Center (Monthly)

$1,062 COP 3.4M

$935 €814

13.62%

1-bedroom Apartment, Outside City Center (Monthly)

$663 COP 2.1M

$695 €605

-4.63%

3-bedroom Apartment, City Center (Monthly)

$1,888 COP 6.0M

$1,382 €1,203

36.61%

3-bedroom Apartment, Outside City Center (Monthly)

$1,027 COP 3.3M

$1,032 €898

-0.48%

Buy Apartment in City Center (m2)

$4,183 COP 13.3M

$3,489 €3,037

19.88%

Buy Apartment Outside City Center (m2)

$1,675 COP 5.3M

$2,298 €2,000

-27.13%

Average Monthly Net Salary (After Tax)

$678 COP 2.2M

20-Year Fixed Mortgage Interest Rate (Annual %)

10.94

2.99

265.89%

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

Last update for Medellin: September 14, 2026

Last update for Novelda: September 13, 2026

Cost Breakdown

A central one-bedroom costs $1,062 in Medellin versus $935 in Novelda. 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 $48.00 in Medellin versus $57.0 in Novelda. Groceries tell a different story – $305 in Medellin vs $285 in Novelda – so Novelda wins on supermarket bills even if dining out costs more.

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 Novelda: Cost of Living - Frequently Asked Questions

Yes – Novelda is pricier by about 1%, 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 $2,521 per month in Medellin and $2,550 in Novelda. 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.

A mid-range dinner for two costs $48.00 in Medellin and $57.0 in Novelda. That's a good indicator of the overall restaurant and café pricing gap between the two cities.

Monthly expenses with rent come to $1,681 in Medellin and $1,700 in Novelda. The difference isn't just one category – it shows up across housing, food, transport, and services.

A $2,500 monthly budget goes further in Medellin, where all-in costs run around $1,681, than in Novelda at $1,700. In Medellin it covers expenses comfortably, while in Novelda 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.

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