Last update: Oct 2026

Cost of Living Comparison Between Medellin and Palma de Mallorca

For one person, living is cheaper in Medellin: $1,639 a month against $2,357 in Palma de Mallorca, rent and utilities included – about $8,600 less a year. Rent and utilities account for most of the difference.

79

Cost of Living Index in Medellin
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Medellin Living Index
114

Cost of Living Index in Palma de Mallorca
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Palma de Mallorca Living Index

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Medellin

🇨🇴 Colombia

$1,639

/mo nomad

Palma de Mallorca

🇪🇸 Spain

$2,357

/mo nomad

Monthly Cost of Living

How much you'll spend in Medellin and in Palma de Mallorca

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 Palma de Mallorca actually costs, broken down by who's living it.

A single person spends $1,639 per month in Medellin vs $2,357 in Palma de Mallorca, rent included.

Medellin $1,639
Palma de Mallorca $2,357

A couple spends around $2,413 per month in Medellin vs $3,467 in Palma de Mallorca, rent included.

Medellin $2,413
Palma de Mallorca $3,467

A family of three spends $3,186 per month in Medellin vs $4,577 in Palma de Mallorca, rent included.

Medellin $3,186
Palma de Mallorca $4,577

Medellin is about 30% cheaper than Palma de Mallorca, and outside of rent the biggest gap is in eating out.

Both Medellin and Palma de Mallorca sit above the global median – Medellin by 20%, Palma de Mallorca by 73%.

Meal at Budget Restaurant

$8.09 COP 26.1K

$18.38 €16.47

-55.98%

Three-Course Dinner for Two, Mid-Range

$47.05 COP 151.9K

$66.2 €59.3

-28.87%

Fast Food Meal (McDonalds, etc)

$9.50 COP 30.7K

$13.58 €12.17

-30.04%

Cappuccino

$3.01 COP 9,735

$3.12 €2.80

-3.53%

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

$1.80 COP 5,809

$2.60 €2.33

-30.77%

Water (0.33 liter bottle)

$1.41 COP 4,561

$2.72 €2.44

-48.16%

Local Beer (0.5 liter draught)

$3.18 COP 10.3K

$4.34 €3.89

-26.73%

Imported Beer (0.33 liter bottle)

$5.75 COP 18.6K

$3.97 €3.56

44.84%

Milk (1 liter)

$1.51 COP 4,876

$1.36 €1.22

11.03%

White Bread (500g)

$2.38 COP 7,678

$1.18 €1.06

101.69%

Rice (white) (1kg)

$1.77 COP 5,720

$1.63 €1.46

8.59%

Eggs

$2.89 COP 9,333

$3.50 €3.13

-17.43%

Local Cheese (1kg)

$10.19 COP 32.9K

$14.70 €13.17

-30.68%

Chicken Fillets (1kg)

$9.87 COP 31.9K

$8.90 €7.97

10.90%

Beef Round Steak (1kg)

$13.99 COP 45.2K

$15.78 €14.14

-11.34%

Apples (1kg)

$3.97 COP 12.8K

$2.44 €2.19

62.70%

Banana (1kg)

$1.55 COP 5,012

$2.04 €1.83

-24.02%

Oranges (1kg)

$2.18 COP 7,048

$1.70 €1.52

28.24%

Tomato (1kg)

$2.18 COP 7,051

$2.78 €2.49

-21.58%

Potato (1kg)

$1.96 COP 6,337

$1.95 €1.75

0.51%

Onion (1kg)

$1.59 COP 5,132

$2.16 €1.93

-26.39%

Lettuce (1 head)

$1.15 COP 3,699

$1.27 €1.14

-9.45%

Water (1.5 liter bottle)

$1.24 COP 4,014

$0.64 €0.57

93.75%

Cigarettes 20 Pack (Marlboro, Camel)

$3.96 COP 12.8K

$6.73 €6.03

-41.16%

Wine (Bottle)

$13.68 COP 44.2K

$5.43 €4.87

151.93%

Local Beer (0.5 liter bottle)

$1.66 COP 5,359

$1.31 €1.18

26.72%

Imported Beer (0.33 liter bottle)

$2.26 COP 7,291

$1.91 €1.72

18.32%

One-way Ticket (Public Transport)

$1.17 COP 3,771

$2.21 €1.98

-47.06%

Public Transport Monthly Pass (Regular Price)

$77.4 COP 249.8K

$41.10 €36.83

88.25%

Taxi Start (Normal Tariff)

$1.27 COP 4,094

$4.96 €4.45

-74.40%

Taxi (Normal Tariff) (1km)

$2.05 COP 6,612

$1.37 €1.23

49.64%

Taxi 1hour Waiting (Normal Tariff)

$8.55 COP 27.6K

$23.84 €21.37

-64.14%

Gasoline (1 liter)

$1.35 COP 4,349

$1.80 €1.62

-25.00%

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

$34.1K COP 110.0M

$32.1K €28.7K

6.23%

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

$34.7K COP 111.9M

$32.1K €28.8K

8.02%

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

$170 COP 547.8K

$244 €219

-30.57%

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

$13.55 COP 43.8K

$23.37 €20.94

-42.02%

Internet (50+ Mbps, Unlimited Data)

$28.07 COP 90.6K

$42.15 €37.77

-33.40%

Gym Membership (Monthly)

$43.70 COP 141.1K

$60.7 €54.4

-27.96%

Tennis Court (1 Hour on Weekend)

$17.19 COP 55.5K

$26.93 €24.13

-36.17%

Cinema Ticket

$6.91 COP 22.3K

$9.52 €8.53

-27.42%

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

$797 COP 2.6M

$608 €545

31.10%

International Primary School, 1 Child (Yearly)

$9,112 COP 29.4M

$10.7K €9,604

-14.98%

Jeans (Levis 501 Or Similar)

$84.7 COP 273.5K

$70.7 €63.4

19.83%

Summer Dress (H&M, Zara, etc)

$58.0 COP 187.2K

$54.7 €48.98

6.04%

Sport Shoes (Adidas, Nike)

$135 COP 435.8K

$100.0 €89.6

35.03%

Men's Leather Business Shoes

$97.9 COP 316.0K

$129 €115

-24.01%

1-bedroom Apartment, City Center (Monthly)

$1,208 COP 3.9M

$1,614 €1,446

-25.17%

1-bedroom Apartment, Outside City Center (Monthly)

$642 COP 2.1M

$1,199 €1,074

-46.50%

3-bedroom Apartment, City Center (Monthly)

$2,028 COP 6.5M

$2,601 €2,331

-22.04%

3-bedroom Apartment, Outside City Center (Monthly)

$1,012 COP 3.3M

$2,041 €1,829

-50.42%

Buy Apartment in City Center (m2)

$4,170 COP 13.5M

$7,165 €6,421

-41.80%

Buy Apartment Outside City Center (m2)

$1,910 COP 6.2M

$4,158 €3,726

-54.06%

Average Monthly Net Salary (After Tax)

$657 COP 2.1M

$2,011 €1,802

-67.32%

20-Year Fixed Mortgage Interest Rate (Annual %)

10.94

3.07

256.35%

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

Last update for Medellin: October 25, 2026

Last update for Palma de Mallorca: October 25, 2026

Monthly budget structure

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

Accommodation & Living

Medellin

$642 39.1%

Palma de Mallorca

$1.2K 50.9% 86.9% $558

Groceries & Markets

Medellin

$297 18.1%

Palma de Mallorca

$271 11.5% 8.7% $26

Monthly Utilities & Internet

Medellin

$211 12.9%

Palma de Mallorca

$310 13.2% 46.7% $99

Eating Out

Medellin

$170 10.4%

Palma de Mallorca

$276 11.7% 62.8% $107

Clothing & Footwear

Medellin

$169 10.3%

Palma de Mallorca

$159 6.8% 5.7% $9.6

Getting Around

Medellin

$94 5.7%

Palma de Mallorca

$62 2.6% 34% $32

Sport & Entertainment

Medellin

$58 3.5%

Palma de Mallorca

$80 3.4% 38.5% $22

Cost Breakdown

A central one-bedroom costs $1,208 in Medellin versus $1,614 in Palma de Mallorca. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

Salaries in Palma de Mallorca are about 3.1 times higher. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $47 in Medellin versus $66 in Palma de Mallorca. Groceries tell a different story – $297 in Medellin vs $271 in Palma de Mallorca – so Palma de Mallorca wins on supermarket bills even if dining out costs more.

Good to know

🇨🇴 Medellin

🇪🇸 Palma de Mallorca

🕒 Local time

01:30 1:30 AM

07:30 7:30 AM

6 h ahead of Medellin

🌤 Weather

👥 Population

2,486,723

423,350

💱 Currency

Colombian Peso COP $

Euro EUR €

📈 Exchange rate

10,000 COP = 3.1 USD

10,000 COP = 2.77 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 2, 2026: 1 USD = 3,229 COP (10,000 COP = 3.1 USD). 1 EUR = 3,605 COP (10,000 COP = 2.77 EUR).

Euro exchange rates as of November 2, 2026: 1 USD = 0.896 EUR (1 EUR = 1.12 USD).

USD to COP in detail →

On the map

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Between locations

Medellin Palma de Mallorca 8,560 km ≈ 11 h nonstop flight

From you

Medellin
Palma de Mallorca

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 Palma de Mallorca: Cost of Living - Frequently Asked Questions

Yes – Palma de Mallorca is pricier by about 44%, and outside of rent the gap shows up most in eating out.

For a comfortable life, plan on about $2,459 per month in Medellin and $3,536 in Palma de Mallorca. 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: a one-bedroom in the center costs $1,208 there versus $1,614 in Palma de Mallorca.

A mid-range dinner for two costs $47 in Medellin and $66 in Palma de Mallorca. That’s a good indicator of the overall restaurant and café pricing gap between the two cities.

Monthly expenses with rent come to $1,639 in Medellin and $2,357 in Palma de Mallorca. That makes Medellin about 30% cheaper.

For digital nomads, it depends on budget. Medellin costs $1,639 versus $2,357 in Palma de Mallorca. Both appeal to remote workers, and the cost gap matters when income varies month to month.

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