Cost of Living Comparison Between Medellin and Ulsan Cost of Living Comparison Between Medellin and Ulsan

Monthly Cost of Living

A single person spends $1,716 per month in Medellin vs $1,322 in Ulsan, rent included.

A couple spends around $2,527 per month in Medellin vs $2,143 in Ulsan, rent included.

A family of three spends $3,338 per month in Medellin vs $2,964 in Ulsan, rent included.

Medellin costs about 30% more than Ulsan, driven mainly by Groceries & Markets.

Medellin sits 25% above the global median, while Ulsan is 4% below – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$8.03 COP 25.2K

$7.35 ₩9,967

9.25%

Three-Course Dinner for Two, Mid-Range

$48.26 COP 151.7K

$43.91 ₩59.5K

9.91%

Fast Food Meal (McDonalds, etc)

$9.77 COP 30.7K

$5.93 ₩8,036

64.76%

Cappuccino

$2.91 COP 9,149

$3.35 ₩4,539

-13.13%

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

$1.94 COP 6,110

$0.86 ₩1,170

125.58%

Water (0.33 liter bottle)

$1.52 COP 4,783

$0.46 ₩621

230.43%

Local Beer (0.5 liter draught)

$3.09 COP 9,721

$2.95 ₩4,000

4.75%

Imported Beer (0.33 liter bottle)

$5.74 COP 18.1K

$4.19 ₩5,679

36.99%

Milk (1 liter)

$1.36 COP 4,287

$2.23 ₩3,022

-39.01%

White Bread (500g)

$2.39 COP 7,505

$3.17 ₩4,303

-24.61%

Rice (white) (1kg)

$1.70 COP 5,346

$3.13 ₩4,239

-45.69%

Eggs

$2.87 COP 9,021

$2.67 ₩3,625

7.49%

Local Cheese (1kg)

$9.94 COP 31.2K

$10.88 ₩14.7K

-8.64%

Chicken Fillets (1kg)

$10.78 COP 33.9K

$10.20 ₩13.8K

5.69%

Beef Round Steak (1kg)

$14.73 COP 46.3K

$24.79 ₩33.6K

-40.58%

Apples (1kg)

$4.09 COP 12.8K

$10.87 ₩14.7K

-62.37%

Banana (1kg)

$1.57 COP 4,940

$3.54 ₩4,798

-55.65%

Oranges (1kg)

$2.13 COP 6,682

$7.72 ₩10.5K

-72.41%

Tomato (1kg)

$2.21 COP 6,959

$5.95 ₩8,066

-62.86%

Potato (1kg)

$2.05 COP 6,435

$5.95 ₩8,071

-65.55%

Onion (1kg)

$1.50 COP 4,728

$3.31 ₩4,486

-54.68%

Lettuce (1 head)

$1.19 COP 3,740

$2.70 ₩3,655

-55.93%

Water (1.5 liter bottle)

$1.16 COP 3,640

$1.24 ₩1,684

-6.45%

Cigarettes 20 Pack (Marlboro, Camel)

$3.90 COP 12.2K

$3.18 ₩4,309

22.64%

Wine (Bottle)

$14.44 COP 45.4K

$18.38 ₩24.9K

-21.44%

Local Beer (0.5 liter bottle)

$1.58 COP 4,978

$2.40 ₩3,260

-34.17%

Imported Beer (0.33 liter bottle)

$2.83 COP 8,889

$3.45 ₩4,680

-17.97%

One-way Ticket (Public Transport)

$1.17 COP 3,672

$1.13 ₩1,527

3.54%

Public Transport Monthly Pass (Regular Price)

$77.7 COP 244.3K

Taxi Start (Normal Tariff)

$1.28 COP 4,038

$2.92 ₩3,953

-56.16%

Taxi (Normal Tariff) (1km)

$2.09 COP 6,576

$0.76 ₩1,026

175.00%

Taxi 1hour Waiting (Normal Tariff)

$8.62 COP 27.1K

$16.58 ₩22.5K

-48.01%

Gasoline (1 liter)

$1.30 COP 4,080

$1.32 ₩1,791

-1.52%

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

$27.7K COP 86.9M

$28.8K ₩39.0M

-3.97%

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

$35.5K COP 111.6M

$32.7K ₩44.3M

8.57%

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

$176 COP 553.4K

$193 ₩261.9K

-8.85%

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

$13.37 COP 42.0K

$35.67 ₩48.4K

-62.52%

Internet (50+ Mbps, Unlimited Data)

$29.89 COP 94.0K

$26.37 ₩35.8K

13.35%

Gym Membership (Monthly)

$44.76 COP 140.7K

$57.6 ₩78.1K

-22.25%

Tennis Court (1 Hour on Weekend)

$17.06 COP 53.6K

Cinema Ticket

$6.20 COP 19.5K

$10.42 ₩14.1K

-40.50%

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

$793 COP 2.5M

$260 ₩352.4K

205.21%

International Primary School, 1 Child (Yearly)

$9,019 COP 28.4M

$21.1K ₩28.7M

-57.34%

Jeans (Levis 501 Or Similar)

$85.6 COP 269.1K

$51.1 ₩69.3K

67.47%

Summer Dress (H&M, Zara, etc)

$58.5 COP 183.8K

$43.29 ₩58.7K

35.07%

Sport Shoes (Adidas, Nike)

$136 COP 428.4K

$58.0 ₩78.6K

135.04%

Men's Leather Business Shoes

$103 COP 324.1K

$71.8 ₩97.4K

43.55%

1-bedroom Apartment, City Center (Monthly)

$1,060 COP 3.3M

$362 ₩491.1K

192.57%

1-bedroom Apartment, Outside City Center (Monthly)

$680 COP 2.1M

$233 ₩316.3K

191.24%

3-bedroom Apartment, City Center (Monthly)

$2,012 COP 6.3M

$717 ₩972.7K

180.46%

3-bedroom Apartment, Outside City Center (Monthly)

$1,169 COP 3.7M

$650 ₩881.9K

79.67%

Buy Apartment in City Center (m2)

$4,111 COP 12.9M

$4,368 ₩5.9M

-5.87%

Buy Apartment Outside City Center (m2)

$1,701 COP 5.3M

$2,380 ₩3.2M

-28.52%

Average Monthly Net Salary (After Tax)

$665 COP 2.1M

$2,201 ₩3.0M

-69.78%

20-Year Fixed Mortgage Interest Rate (Annual %)

10.94

4.22

159.24%

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

Last update for Medellin: August 30, 2026

Last update for Ulsan: August 30, 2026

Cost Breakdown

A central one-bedroom costs $1,060 in Medellin versus $362 in Ulsan. 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 231% higher in Ulsan, 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 $44.00 in Ulsan. Groceries tell a different story – $303 in Medellin vs $477 in Ulsan – so Medellin 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 Ulsan: Cost of Living - Frequently Asked Questions

Yes – Medellin is pricier by about 30%, and the gap shows up most in Groceries & Markets. It's not just housing either; the difference applies across most spending categories.

For a comfortable life, plan on about $2,574 per month in Medellin and $1,982 in Ulsan. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Ulsan, 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 $44.00 in Ulsan. That's a good indicator of the overall restaurant and café pricing gap between the two cities.

Interestingly, groceries are about 57% cheaper in Medellin – one category where the pricier city actually offers better value, probably thanks to stronger retail competition or local farming.

A $1,500 monthly budget goes further in Ulsan, where all-in costs run around $1,322, than in Medellin at $1,716. In Ulsan it covers expenses comfortably, while in Medellin it requires careful planning or may not stretch far enough.

Families tend to lean toward Ulsan – 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 Ulsan. 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.