Last update: Nov 2026

Cost of Living Comparison Between Medellin and Seogwipo

For one person, living is cheaper in Seogwipo: $1,435 a month against $1,692 in Medellin, rent and utilities included – about $3,100 less a year. Rent and utilities account for most of the difference.

80

Cost of Living Index in Medellin
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Medellin Living Index
68

Cost of Living Index in Seogwipo
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Seogwipo Living Index

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Medellin

🇨🇴 Colombia

$1,692

/mo nomad

Seogwipo

🇰🇷 South Korea

$1,435

/mo nomad

Monthly Cost of Living

How much you'll spend in Medellin and in Seogwipo

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

A single person spends $1,692 per month in Medellin vs $1,435 in Seogwipo, rent included.

Medellin $1,692
Seogwipo $1,435

A couple spends around $2,471 per month in Medellin vs $2,282 in Seogwipo, rent included.

Medellin $2,471
Seogwipo $2,282

A family of three spends $3,249 per month in Medellin vs $3,129 in Seogwipo, rent included.

Medellin $3,249
Seogwipo $3,129

Medellin costs about 18% more than Seogwipo, and outside of rent the biggest gap is in transport.

Both Medellin and Seogwipo sit above the global median – Medellin by 25%, Seogwipo by 6%.

Meal at Budget Restaurant

$8.34 COP 26.8K

$7.30 ₩9,804

14.25%

Three-Course Dinner for Two, Mid-Range

$46.53 COP 149.7K

$37.72 ₩50.7K

23.36%

Fast Food Meal (McDonalds, etc)

$9.47 COP 30.5K

$6.69 ₩8,989

41.55%

Cappuccino

$3.13 COP 10.1K

$3.67 ₩4,931

-14.71%

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

$1.77 COP 5,681

$1.54 ₩2,071

14.94%

Water (0.33 liter bottle)

$1.42 COP 4,582

$0.74 ₩988

91.89%

Local Beer (0.5 liter draught)

$3.15 COP 10.1K

$3.49 ₩4,693

-9.74%

Imported Beer (0.33 liter bottle)

$5.70 COP 18.3K

$4.28 ₩5,748

33.18%

Milk (1 liter)

$1.53 COP 4,930

$2.18 ₩2,924

-29.82%

White Bread (500g)

$2.29 COP 7,370

$3.02 ₩4,060

-24.17%

Rice (white) (1kg)

$1.94 COP 6,257

$2.67 ₩3,592

-27.34%

Eggs

$3.07 COP 9,864

$2.32 ₩3,122

32.33%

Local Cheese (1kg)

$9.99 COP 32.1K

$10.23 ₩13.7K

-2.35%

Chicken Fillets (1kg)

$10.45 COP 33.6K

$9.65 ₩13.0K

8.29%

Beef Round Steak (1kg)

$13.96 COP 44.9K

$22.92 ₩30.8K

-39.09%

Apples (1kg)

$4.05 COP 13.0K

$7.58 ₩10.2K

-46.57%

Banana (1kg)

$1.53 COP 4,916

$3.23 ₩4,343

-52.63%

Oranges (1kg)

$2.10 COP 6,769

$5.71 ₩7,678

-63.22%

Tomato (1kg)

$2.29 COP 7,378

$5.76 ₩7,734

-60.24%

Potato (1kg)

$2.11 COP 6,785

$3.80 ₩5,107

-44.47%

Onion (1kg)

$1.71 COP 5,498

$2.42 ₩3,254

-29.34%

Lettuce (1 head)

$1.17 COP 3,764

$2.96 ₩3,984

-60.47%

Water (1.5 liter bottle)

$1.58 COP 5,083

$1.20 ₩1,607

31.67%

Cigarettes 20 Pack (Marlboro, Camel)

$3.91 COP 12.6K

$2.93 ₩3,938

33.45%

Wine (Bottle)

$14.04 COP 45.2K

$13.48 ₩18.1K

4.15%

Local Beer (0.5 liter bottle)

$1.76 COP 5,667

$2.39 ₩3,207

-26.36%

Imported Beer (0.33 liter bottle)

$2.71 COP 8,724

$3.67 ₩4,935

-26.16%

One-way Ticket (Public Transport)

$1.18 COP 3,795

$1.24 ₩1,670

-4.84%

Public Transport Monthly Pass (Regular Price)

$76.3 COP 245.4K

Taxi Start (Normal Tariff)

$1.81 COP 5,812

$3.95 ₩5,314

-54.18%

Taxi (Normal Tariff) (1km)

$2.13 COP 6,849

$0.57 ₩768

273.68%

Taxi 1hour Waiting (Normal Tariff)

$8.13 COP 26.2K

$8.93 ₩12.0K

-8.96%

Gasoline (1 liter)

$1.28 COP 4,102

$1.37 ₩1,847

-6.57%

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

$34.4K COP 110.8M

$29.6K ₩39.8M

16.37%

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

$34.1K COP 109.8M

$30.2K ₩40.6M

12.95%

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

$178 COP 571.7K

$185 ₩248.4K

-3.87%

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

$13.89 COP 44.7K

$38.67 ₩52.0K

-64.08%

Internet (50+ Mbps, Unlimited Data)

$30.74 COP 98.9K

$18.90 ₩25.4K

62.65%

Gym Membership (Monthly)

$41.94 COP 134.9K

$47.13 ₩63.3K

-11.01%

Tennis Court (1 Hour on Weekend)

$16.80 COP 54.0K

$12.06 ₩16.2K

39.30%

Cinema Ticket

$7.47 COP 24.0K

$11.65 ₩15.7K

-35.88%

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

$790 COP 2.5M

$456 ₩612.8K

73.24%

International Primary School, 1 Child (Yearly)

$12.3K COP 39.6M

$21.5K ₩28.9M

-42.81%

Jeans (Levis 501 Or Similar)

$86.3 COP 277.7K

$53.1 ₩71.3K

62.69%

Summer Dress (H&M, Zara, etc)

$59.3 COP 190.6K

$65.1 ₩87.4K

-8.94%

Sport Shoes (Adidas, Nike)

$138 COP 445.0K

$84.8 ₩113.9K

63.16%

Men's Leather Business Shoes

$98.8 COP 317.8K

$91.5 ₩123.0K

7.94%

1-bedroom Apartment, City Center (Monthly)

$1,341 COP 4.3M

$524 ₩704.7K

155.70%

1-bedroom Apartment, Outside City Center (Monthly)

$667 COP 2.1M

$402 ₩540.8K

65.78%

3-bedroom Apartment, City Center (Monthly)

$1,976 COP 6.4M

$1,397 ₩1.9M

41.38%

3-bedroom Apartment, Outside City Center (Monthly)

$1,033 COP 3.3M

$899 ₩1.2M

14.84%

Buy Apartment in City Center (m2)

$4,098 COP 13.2M

$7,846 ₩10.5M

-47.77%

Buy Apartment Outside City Center (m2)

$1,940 COP 6.2M

$5,101 ₩6.9M

-61.97%

Average Monthly Net Salary (After Tax)

$646 COP 2.1M

$1,134 ₩1.5M

-43.00%

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: November 2, 2026

Last update for Seogwipo: November 1, 2026

Monthly budget structure

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

Accommodation & Living

Medellin

$667 39.4%

Seogwipo

$402 28.1% 39.7% $265

Groceries & Markets

Medellin

$307 18.2%

Seogwipo

$417 29.1% 35.8% $110

Monthly Utilities & Internet

Medellin

$222 13.1%

Seogwipo

$242 16.9% 9% $20

Eating Out

Medellin

$173 10.2%

Seogwipo

$158 11% 8.7% $15

Clothing & Footwear

Medellin

$172 10.2%

Seogwipo

$133 9.2% 23.1% $40

Getting Around

Medellin

$93 5.5%

Seogwipo

$12 * 0.8% 87.4% $82

Sport & Entertainment

Medellin

$57 3.4%

Seogwipo

$70 4.9% 23.8% $14

Categories marked with * are only partly priced – their share counts the items that do have prices.

Cost Breakdown

A central one-bedroom costs $1,341 in Medellin versus $524 in Seogwipo. 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 75% higher in Seogwipo, 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 in Medellin versus $38 in Seogwipo. Groceries tell a different story – $307 in Medellin vs $417 in Seogwipo – so Medellin wins on supermarket bills even if dining out costs more.

Good to know

🇨🇴 Medellin

🇰🇷 Seogwipo

🕒 Local time

00:41 12:41 AM

14:41 2:41 PM

14 h ahead of Medellin

🌤 Weather

👥 Population

2,486,723

155,641

💱 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 = 7.44 USD

10,000 KRW = 6.63 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 November 6, 2026: 1 USD = 3,217 COP (10,000 COP = 3.11 USD). 1 EUR = 3,611 COP (10,000 COP = 2.77 EUR).

South Korean Won exchange rates as of November 6, 2026: 1 USD = 1,344 KRW (10,000 KRW = 7.44 USD). 1 EUR = 1,508 KRW (10,000 KRW = 6.63 EUR).

USD to COP in detail →

On the map

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Between locations

Medellin Seogwipo 15,040 km ≈ 19 h nonstop flight

From you

Medellin
Seogwipo

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 Seogwipo: Cost of Living - Frequently Asked Questions

Yes – Medellin is pricier by about 18%, and outside of rent the gap shows up most in transport.

For a comfortable life, plan on about $2,538 per month in Medellin and $2,152 in Seogwipo. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Seogwipo, especially for central apartments: a one-bedroom in the center costs $524 there versus $1,341 in Medellin.

A mid-range dinner for two costs $47 in Medellin and $38 in Seogwipo. That’s a good indicator of the overall restaurant and café pricing gap between the two cities.

Interestingly, groceries are about 26% cheaper in Medellin – one category where the pricier city actually offers better value.

$2,000 covers both cities comfortably – all-in costs are $1,692 in Medellin and $1,435 in Seogwipo, leaving budget for savings and extras in both cases.

Families tend to lean toward Seogwipo – lower housing and cheaper childcare make a real difference, especially on a single income or when paying for private education.