Cost of Living Comparison Between Medellin and Piraeus Cost of Living Comparison Between Medellin and Piraeus

Monthly Cost of Living

A single person spends $1,641 per month in Medellin vs $1,557 in Piraeus, rent included.

A couple spends around $2,447 per month in Medellin vs $2,443 in Piraeus, rent included.

A family of three spends $3,253 per month in Medellin vs $3,329 in Piraeus, rent included.

Medellin costs about 5% more than Piraeus, driven mainly by Eating Out.

Both Medellin and Piraeus sit above the global median – Medellin by 19%, Piraeus by 13%.

Meal at Budget Restaurant

$8.04 COP 24.8K

$17.39 €14.99

-53.77%

Three-Course Dinner for Two, Mid-Range

$48.29 COP 148.6K

$58.8 €50.7

-17.82%

Fast Food Meal (McDonalds, etc)

$9.42 COP 29.0K

$10.48 €9.04

-10.11%

Cappuccino

$2.94 COP 9,040

$4.01 €3.45

-26.68%

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

$1.86 COP 5,735

$1.55 €1.34

20.00%

Water (0.33 liter bottle)

$1.46 COP 4,479

$0.56 €0.48

160.71%

Local Beer (0.5 liter draught)

$3.21 COP 9,882

$5.96 €5.14

-46.14%

Imported Beer (0.33 liter bottle)

$5.71 COP 17.6K

$5.97 €5.15

-4.36%

Milk (1 liter)

$1.44 COP 4,428

$1.86 €1.61

-22.58%

White Bread (500g)

$2.40 COP 7,389

$1.09 €0.94

120.18%

Rice (white) (1kg)

$1.70 COP 5,228

$2.83 €2.44

-39.93%

Eggs

$2.89 COP 8,896

$3.80 €3.28

-23.95%

Local Cheese (1kg)

$10.06 COP 30.9K

$14.34 €12.36

-29.85%

Chicken Fillets (1kg)

$9.97 COP 30.7K

$10.42 €8.99

-4.32%

Beef Round Steak (1kg)

$14.20 COP 43.7K

$14.04 €12.10

1.14%

Apples (1kg)

$3.98 COP 12.3K

$2.32 €2.00

71.55%

Banana (1kg)

$1.58 COP 4,878

$2.28 €1.96

-30.70%

Oranges (1kg)

$2.15 COP 6,624

$1.20 €1.03

79.17%

Tomato (1kg)

$2.30 COP 7,078

$1.83 €1.57

25.68%

Potato (1kg)

$2.00 COP 6,169

$1.21 €1.05

65.29%

Onion (1kg)

$1.51 COP 4,646

$0.97 €0.83

55.67%

Lettuce (1 head)

$1.20 COP 3,701

$0.97 €0.83

23.71%

Water (1.5 liter bottle)

$1.28 COP 3,946

$1.03 €0.88

24.27%

Cigarettes 20 Pack (Marlboro, Camel)

$3.84 COP 11.8K

$5.20 €4.48

-26.15%

Wine (Bottle)

$14.01 COP 43.1K

$9.48 €8.17

47.78%

Local Beer (0.5 liter bottle)

$1.71 COP 5,256

$2.12 €1.83

-19.34%

Imported Beer (0.33 liter bottle)

$2.74 COP 8,440

$4.14 €3.57

-33.82%

One-way Ticket (Public Transport)

$1.25 COP 3,834

$1.42 €1.23

-11.97%

Public Transport Monthly Pass (Regular Price)

$77.9 COP 239.7K

$35.32 €30.44

120.55%

Taxi Start (Normal Tariff)

$1.31 COP 4,016

$4.53 €3.90

-71.08%

Taxi (Normal Tariff) (1km)

$2.17 COP 6,680

$2.30 €1.98

-5.65%

Taxi 1hour Waiting (Normal Tariff)

$8.29 COP 25.5K

$28.81 €24.83

-71.23%

Gasoline (1 liter)

$1.36 COP 4,172

$2.16 €1.86

-37.04%

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

$27.5K COP 84.5M

$31.3K €27.0K

-12.18%

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

$36.5K COP 112.4M

$26.1K €22.5K

39.84%

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

$169 COP 519.2K

$211 €182

-19.93%

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

$13.57 COP 41.8K

$23.77 €20.49

-42.91%

Internet (50+ Mbps, Unlimited Data)

$28.32 COP 87.2K

$33.47 €28.85

-15.39%

Gym Membership (Monthly)

$45.71 COP 140.7K

$49.12 €42.34

-6.94%

Tennis Court (1 Hour on Weekend)

$17.22 COP 53.0K

$41.40 €35.69

-58.41%

Cinema Ticket

$6.65 COP 20.5K

$10.29 €8.87

-35.37%

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

$803 COP 2.5M

$415 €357

93.76%

International Primary School, 1 Child (Yearly)

$9,190 COP 28.3M

Jeans (Levis 501 Or Similar)

$87.4 COP 268.8K

$75.5 €65.1

15.75%

Summer Dress (H&M, Zara, etc)

$59.4 COP 182.7K

$40.42 €34.84

46.88%

Sport Shoes (Adidas, Nike)

$139 COP 427.5K

$127 €110

9.08%

Men's Leather Business Shoes

$102 COP 314.0K

$123 €106

-17.16%

1-bedroom Apartment, City Center (Monthly)

$1,071 COP 3.3M

$565 €487

89.58%

1-bedroom Apartment, Outside City Center (Monthly)

$653 COP 2.0M

$430 €371

51.73%

3-bedroom Apartment, City Center (Monthly)

$1,925 COP 5.9M

$1,056 €911

82.23%

3-bedroom Apartment, Outside City Center (Monthly)

$1,048 COP 3.2M

$799 €689

31.13%

Buy Apartment in City Center (m2)

$4,123 COP 12.7M

$3,485 €3,004

18.29%

Buy Apartment Outside City Center (m2)

$1,697 COP 5.2M

$2,754 €2,374

-38.36%

Average Monthly Net Salary (After Tax)

$655 COP 2.0M

$1,110 €957

-40.99%

20-Year Fixed Mortgage Interest Rate (Annual %)

10.94

4.83

126.50%

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

Last update for Medellin: September 7, 2026

Last update for Piraeus: September 7, 2026

Cost Breakdown

A central one-bedroom costs $1,071 in Medellin versus $565 in Piraeus. 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 69% higher in Piraeus, 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 $48.00 in Medellin versus $59.0 in Piraeus. Groceries tell a different story – $300 in Medellin vs $292 in Piraeus – so Piraeus 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 Piraeus: Cost of Living - Frequently Asked Questions

Yes – Medellin is pricier by about 5%, 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 $2,462 per month in Medellin and $2,336 in Piraeus. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Piraeus, 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 $59.0 in Piraeus. That's a good indicator of the overall restaurant and café pricing gap between the two cities.

Monthly expenses with rent come to $1,641 in Medellin and $1,557 in Piraeus. The difference isn't just one category – it shows up across housing, food, transport, and services.

A $1,500 monthly budget goes further in Piraeus, where all-in costs run around $1,557, than in Medellin at $1,641. In Piraeus it covers expenses comfortably, while in Medellin it requires careful planning or may not stretch far enough.

Families tend to lean toward Piraeus – 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 Piraeus. 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.