Last update: Oct 2026

Cost of Living Comparison Between Medellin and Pangyo

For one person, living is cheaper in Pangyo: $1,460 a month against $1,589 in Medellin, rent and utilities included – about $1,500 less a year. Higher rent and utilities in Medellin outweigh lower spending on other living expenses.

77

Cost of Living Index in Medellin
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Medellin Living Index
72

Cost of Living Index in Pangyo
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Pangyo Living Index

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Medellin

🇨🇴 Colombia

$1,589

/mo nomad

Pangyo

🇰🇷 South Korea

$1,460

/mo nomad

Monthly Cost of Living

How much you'll spend in Medellin and in Pangyo

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 Pangyo actually costs, broken down by who's living it.

A single person spends $1,589 per month in Medellin vs $1,460 in Pangyo, rent included.

Medellin $1,589
Pangyo $1,460

A couple spends around $2,364 per month in Medellin vs $2,303 in Pangyo, rent included.

Medellin $2,364
Pangyo $2,303

A family of three spends $3,139 per month in Medellin vs $3,145 in Pangyo, rent included.

Medellin $3,139
Pangyo $3,145

Medellin costs about 9% more than Pangyo, and outside of rent the biggest gap is in groceries.

Both Medellin and Pangyo sit above the global median – Medellin by 19%, Pangyo by 9%.

Meal at Budget Restaurant

$8.01 COP 25.8K

$7.17 ₩9,634

11.72%

Three-Course Dinner for Two, Mid-Range

$46.55 COP 149.9K

$30.05 ₩40.4K

54.91%

Fast Food Meal (McDonalds, etc)

$9.43 COP 30.4K

$6.54 ₩8,788

44.19%

Cappuccino

$2.91 COP 9,374

$4.03 ₩5,407

-27.79%

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

$1.75 COP 5,643

$1.51 ₩2,028

15.89%

Water (0.33 liter bottle)

$1.32 COP 4,263

$0.71 ₩956

85.92%

Local Beer (0.5 liter draught)

$3.13 COP 10.1K

$2.96 ₩3,982

5.74%

Imported Beer (0.33 liter bottle)

$5.55 COP 17.9K

$3.98 ₩5,348

39.45%

Milk (1 liter)

$1.41 COP 4,542

$2.30 ₩3,091

-38.70%

White Bread (500g)

$2.44 COP 7,858

$3.19 ₩4,284

-23.51%

Rice (white) (1kg)

$1.63 COP 5,245

$2.74 ₩3,682

-40.51%

Eggs

$2.82 COP 9,084

$2.69 ₩3,615

4.83%

Local Cheese (1kg)

$9.69 COP 31.2K

$10.88 ₩14.6K

-10.94%

Chicken Fillets (1kg)

$9.32 COP 30.0K

$7.91 ₩10.6K

17.83%

Beef Round Steak (1kg)

$13.46 COP 43.3K

$21.43 ₩28.8K

-37.19%

Apples (1kg)

$4.00 COP 12.9K

$7.68 ₩10.3K

-47.92%

Banana (1kg)

$1.48 COP 4,768

$3.62 ₩4,858

-59.12%

Oranges (1kg)

$2.12 COP 6,839

$7.50 ₩10.1K

-71.73%

Tomato (1kg)

$2.25 COP 7,253

$6.11 ₩8,201

-63.18%

Potato (1kg)

$1.91 COP 6,155

$3.62 ₩4,859

-47.24%

Onion (1kg)

$1.62 COP 5,214

$2.68 ₩3,596

-39.55%

Lettuce (1 head)

$1.15 COP 3,696

$2.78 ₩3,740

-58.63%

Water (1.5 liter bottle)

$1.26 COP 4,063

$1.28 ₩1,719

-1.56%

Cigarettes 20 Pack (Marlboro, Camel)

$3.82 COP 12.3K

$3.45 ₩4,635

10.72%

Wine (Bottle)

$13.11 COP 42.2K

$18.84 ₩25.3K

-30.41%

Local Beer (0.5 liter bottle)

$1.60 COP 5,136

$2.29 ₩3,078

-30.13%

Imported Beer (0.33 liter bottle)

$2.26 COP 7,263

$3.46 ₩4,649

-34.68%

One-way Ticket (Public Transport)

$1.17 COP 3,770

$1.10 ₩1,479

6.36%

Public Transport Monthly Pass (Regular Price)

$75.0 COP 241.5K

$47.53 ₩63.8K

57.84%

Taxi Start (Normal Tariff)

$1.27 COP 4,098

$3.36 ₩4,515

-62.20%

Taxi (Normal Tariff) (1km)

$2.05 COP 6,600

$0.66 ₩884

210.61%

Taxi 1hour Waiting (Normal Tariff)

$8.20 COP 26.4K

$13.05 ₩17.5K

-37.16%

Gasoline (1 liter)

$1.27 COP 4,088

$1.41 ₩1,891

-9.93%

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

$26.8K COP 86.2M

$30.8K ₩41.3M

-12.94%

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

$34.4K COP 110.8M

$38.4K ₩51.6M

-10.39%

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

$162 COP 522.3K

$199 ₩267.4K

-18.54%

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

$13.12 COP 42.3K

$36.74 ₩49.3K

-64.29%

Internet (50+ Mbps, Unlimited Data)

$28.09 COP 90.5K

$22.15 ₩29.8K

26.82%

Gym Membership (Monthly)

$44.33 COP 142.7K

$51.2 ₩68.7K

-13.37%

Tennis Court (1 Hour on Weekend)

$16.33 COP 52.6K

$11.91 ₩16.0K

37.11%

Cinema Ticket

$6.09 COP 19.6K

$11.13 ₩14.9K

-45.28%

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

$764 COP 2.5M

$526 ₩706.1K

45.39%

International Primary School, 1 Child (Yearly)

$8,904 COP 28.7M

$21.7K ₩29.1M

-58.91%

Jeans (Levis 501 Or Similar)

$85.0 COP 273.6K

$65.7 ₩88.2K

29.39%

Summer Dress (H&M, Zara, etc)

$57.5 COP 185.1K

$64.1 ₩86.1K

-10.33%

Sport Shoes (Adidas, Nike)

$132 COP 424.2K

$74.5 ₩100.1K

76.86%

Men's Leather Business Shoes

$95.8 COP 308.3K

$101 ₩135.6K

-5.16%

1-bedroom Apartment, City Center (Monthly)

$1,028 COP 3.3M

$478 ₩642.6K

114.92%

1-bedroom Apartment, Outside City Center (Monthly)

$604 COP 1.9M

$361 ₩484.9K

67.43%

3-bedroom Apartment, City Center (Monthly)

$1,802 COP 5.8M

$1,182 ₩1.6M

52.47%

3-bedroom Apartment, Outside City Center (Monthly)

$993 COP 3.2M

$735 ₩987.8K

34.95%

Buy Apartment in City Center (m2)

$3,921 COP 12.6M

$7,053 ₩9.5M

-44.41%

Buy Apartment Outside City Center (m2)

$1,639 COP 5.3M

$5,546 ₩7.4M

-70.45%

Average Monthly Net Salary (After Tax)

$626 COP 2.0M

$5,262 ₩7.1M

-88.10%

20-Year Fixed Mortgage Interest Rate (Annual %)

10.94

4.1

166.83%

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

Last update for Medellin: October 6, 2026

Last update for Pangyo: October 4, 2026

Monthly budget structure

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

Accommodation & Living

Medellin

$604 38.3%

Pangyo

$361 24.4% 40.3% $243

Groceries & Markets

Medellin

$288 18.3%

Pangyo

$433 29.3% 50% $144

Monthly Utilities & Internet

Medellin

$203 12.9%

Pangyo

$258 17.5% 26.8% $55

Clothing & Footwear

Medellin

$166 10.6%

Pangyo

$137 9.3% 17.5% $29

Eating Out

Medellin

$166 10.6%

Pangyo

$157 10.6% 5.6% $9.3

Getting Around

Medellin

$91 5.8%

Pangyo

$59 4% 35.8% $33

Sport & Entertainment

Medellin

$57 3.6%

Pangyo

$73 5% 30% $17

Cost Breakdown

A central one-bedroom costs $1,028 in Medellin versus $478 in Pangyo. 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 740% higher in Pangyo, 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 $47.00 in Medellin versus $30.00 in Pangyo. Groceries tell a different story – $288 in Medellin vs $433 in Pangyo – so Medellin wins on supermarket bills even if dining out costs more.

Good to know

🇨🇴 Medellin

🇰🇷 Pangyo

🕒 Local time

05:13 5:13 AM

19:13 7:13 PM

14 h ahead of Medellin

🌤 Weather

👥 Population

2,486,723

💱 Currency

Colombian Peso COP $

South Korean Won KRW ₩

📈 Exchange rate

10,000 COP = 3.11 USD

10,000 COP = 2.77 EUR

10,000 KRW = 7.45 USD

10,000 KRW = 6.64 EUR

Exchange rates and currency converter

KRW, USD, EUR to COP – Colombian Peso Converter

🇺🇸 United States Dollar ($)

🇨🇴 Colombian Peso ($)

Colombian Peso exchange rates as of October 10, 2026: 1 USD = 3,220 COP (10,000 COP = 3.11 USD). 1 EUR = 3,608 COP (10,000 COP = 2.77 EUR).

South Korean Won exchange rates as of October 10, 2026: 1 USD = 1,343 KRW (10,000 KRW = 7.45 USD). 1 EUR = 1,505 KRW (10,000 KRW = 6.64 EUR).

USD to COP in detail →

On the map

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Between locations

Medellin Pangyo 14,620 km ≈ 19 h nonstop flight

From you

Medellin
Pangyo

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 Pangyo: Cost of Living - Frequently Asked Questions

Yes – Medellin is pricier by about 9%, and outside of rent the gap shows up most in groceries.

For a comfortable life, plan on about $2,384 per month in Medellin and $2,191 in Pangyo. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Pangyo, 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 $47.00 in Medellin and $30.00 in Pangyo. That's a good indicator of the overall restaurant and café pricing gap between the two cities.

Monthly expenses with rent come to $1,589 in Medellin and $1,460 in Pangyo. That's a gap of about 9%.

A $1,500 monthly budget goes further in Pangyo, where all-in costs run around $1,460, than in Medellin at $1,589. In Pangyo it covers expenses comfortably, while in Medellin it requires careful planning or may not stretch far enough.

Families tend to lean toward Pangyo – 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 Pangyo. 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.