Cost of Living Comparison Between Medellin and Oyo Cost of Living Comparison Between Medellin and Oyo

Monthly Cost of Living

A single person spends $1,017 per month in Medellin vs $696 in Oyo, rent included.

A couple spends around $1,602 per month in Medellin vs $1,249 in Oyo, rent included.

A family of three spends $2,188 per month in Medellin vs $1,801 in Oyo, rent included.

Medellin costs about 46% more than Oyo, driven mainly by Clothing & Footwear.

Both Medellin and Oyo are more affordable than the global median – Medellin 24% lower, Oyo 48% lower.

Meal at Budget Restaurant

$5.95 COP 20.8K

$2.62 ₦3,560

127.10%

Three-Course Dinner for Two, Mid-Range

$33.33 COP 116.3K

$50.6 ₦68.9K

-34.18%

Fast Food Meal (McDonalds, etc)

$7.23 COP 25.2K

$5.31 ₦7,215

36.16%

Cappuccino

$1.63 COP 5,687

$2.20 ₦2,996

-25.91%

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

$1.09 COP 3,821

$0.37 ₦499

194.59%

Water (0.33 liter bottle)

$0.73 COP 2,548

$0.22 ₦300

231.82%

Local Beer (0.5 liter draught)

$1.74 COP 6,065

$0.80 ₦1,084

117.50%

Imported Beer (0.33 liter bottle)

$3.23 COP 11.3K

$1.40 ₦1,898

130.71%

Milk (1 liter)

$1.05 COP 3,662

$2.36 ₦3,211

-55.51%

White Bread (500g)

$1.29 COP 4,515

$1.24 ₦1,685

4.03%

Rice (white) (1kg)

$1.32 COP 4,617

$2.33 ₦3,174

-43.35%

Eggs

$2.27 COP 7,927

$1.76 ₦2,388

28.98%

Local Cheese (1kg)

$4.35 COP 15.2K

$6.39 ₦8,686

-31.92%

Chicken Fillets (1kg)

$5.88 COP 20.5K

$4.29 ₦5,828

37.06%

Beef Round Steak (1kg)

$8.61 COP 30.0K

$5.27 ₦7,173

63.38%

Apples (1kg)

$2.25 COP 7,844

$3.44 ₦4,673

-34.59%

Banana (1kg)

$1.07 COP 3,733

$2.02 ₦2,752

-47.03%

Oranges (1kg)

$1.52 COP 5,322

$2.17 ₦2,949

-29.95%

Tomato (1kg)

$1.42 COP 4,964

$2.31 ₦3,145

-38.53%

Potato (1kg)

$1.17 COP 4,084

$2.34 ₦3,181

-50.00%

Onion (1kg)

$1.17 COP 4,077

$1.94 ₦2,639

-39.69%

Lettuce (1 head)

$0.89 COP 3,096

$1.93 ₦2,623

-53.89%

Water (1.5 liter bottle)

$0.90 COP 3,146

$0.35 ₦480

157.14%

Cigarettes 20 Pack (Marlboro, Camel)

$2.25 COP 7,837

$1.27 ₦1,725

77.17%

Wine (Bottle)

$11.04 COP 38.5K

$2.54 ₦3,461

334.65%

Local Beer (0.5 liter bottle)

$1.14 COP 3,977

$0.68 ₦929

67.65%

Imported Beer (0.33 liter bottle)

$2.38 COP 8,301

$0.87 ₦1,181

173.56%

One-way Ticket (Public Transport)

$0.84 COP 2,916

$0.38 ₦511

121.05%

Public Transport Monthly Pass (Regular Price)

$41.95 COP 146.4K

$14.45 ₦19.7K

190.31%

Taxi Start (Normal Tariff)

$1.41 COP 4,912

$1.18 ₦1,610

19.49%

Taxi (Normal Tariff) (1km)

$1.90 COP 6,634

$2.26 ₦3,079

-15.93%

Taxi 1hour Waiting (Normal Tariff)

$7.75 COP 27.0K

$4.60 ₦6,258

68.48%

Gasoline (1 liter)

$1.01 COP 3,509

$0.74 ₦1,010

36.49%

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

$17.6K COP 61.4M

$20.2K ₦27.5M

-13.08%

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

$26.5K COP 92.5M

$20.6K ₦28.0M

28.67%

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

$83.7 COP 292.1K

$40.78 ₦55.5K

105.20%

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

$9.45 COP 33.0K

$10.33 ₦14.0K

-8.52%

Internet (50+ Mbps, Unlimited Data)

$24.11 COP 84.1K

$34.44 ₦46.8K

-29.99%

Gym Membership (Monthly)

$25.31 COP 88.3K

$14.51 ₦19.7K

74.43%

Tennis Court (1 Hour on Weekend)

$19.14 COP 66.8K

$4.40 ₦5,978

335.00%

Cinema Ticket

$4.10 COP 14.3K

$6.28 ₦8,539

-34.71%

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

$312 COP 1.1M

$81.7 ₦111.1K

281.86%

International Primary School, 1 Child (Yearly)

$5,993 COP 20.9M

$2,276 ₦3.1M

163.30%

Jeans (Levis 501 Or Similar)

$58.0 COP 202.6K

$18.89 ₦25.7K

207.25%

Summer Dress (H&M, Zara, etc)

$32.56 COP 113.6K

$25.09 ₦34.1K

29.77%

Sport Shoes (Adidas, Nike)

$99.6 COP 347.7K

$49.44 ₦67.2K

101.50%

Men's Leather Business Shoes

$109 COP 378.8K

$33.92 ₦46.1K

219.99%

1-bedroom Apartment, City Center (Monthly)

$482 COP 1.7M

$416 ₦565.9K

15.88%

1-bedroom Apartment, Outside City Center (Monthly)

$379 COP 1.3M

$248 ₦336.7K

53.27%

3-bedroom Apartment, City Center (Monthly)

$837 COP 2.9M

$1,083 ₦1.5M

-22.65%

3-bedroom Apartment, Outside City Center (Monthly)

$723 COP 2.5M

$633 ₦860.9K

14.21%

Buy Apartment in City Center (m2)

$2,840 COP 9.9M

$722 ₦981.1K

293.58%

Buy Apartment Outside City Center (m2)

$1,223 COP 4.3M

$186 ₦253.0K

557.32%

Average Monthly Net Salary (After Tax)

$541 COP 1.9M

$33.68 ₦45.8K

1505.91%

20-Year Fixed Mortgage Interest Rate (Annual %)

13.43

34.30%

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

Last update for Medellin: June 8, 2026

Last update for Oyo: June 7, 2026

Cost Breakdown

A central one-bedroom costs $482 in Medellin versus $416 in Oyo. 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 1506% higher in Medellin, which partly offsets the higher cost of living there. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $33.00 in Medellin versus $51.0 in Oyo. Monthly groceries follow the same trend: $190 vs $191 – 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 Oyo: Cost of Living - Frequently Asked Questions

Yes – Medellin is pricier by about 46%, and the gap shows up most in Clothing & Footwear. It's not just housing either; the difference applies across most spending categories.

For a comfortable life, plan on about $1,525 per month in Medellin and $1,045 in Oyo. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Oyo, 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 $51.0 in Oyo. That's a good indicator of the overall restaurant and café pricing gap between the two cities.

Monthly expenses with rent come to $1,017 in Medellin and $696 in Oyo. The difference isn't just one category – it shows up across housing, food, transport, and services.

A $1,500 monthly budget goes further in Oyo, where all-in costs run around $696, than in Medellin at $1,017. In Oyo it covers expenses comfortably, while in Medellin it requires careful planning or may not stretch far enough.

Families tend to lean toward Oyo – 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 Oyo. 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.