Last update: Oct 2026

Cost of Living Comparison Between Medellin and Varkaus

For one person, living is cheaper in Medellin: $1,614 a month against $1,900 in Varkaus, rent and utilities included – about $3,400 less a year. The total is higher in Varkaus despite lower rent and utilities.

79

Cost of Living Index in Medellin
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Medellin Living Index
93

Cost of Living Index in Varkaus
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Varkaus Living Index

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Medellin

🇨🇴 Colombia

$1,614

/mo nomad

Varkaus

🇫🇮 Finland

$1,900

/mo nomad

Monthly Cost of Living

How much you'll spend in Medellin and in Varkaus

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

A single person spends $1,614 per month in Medellin vs $1,900 in Varkaus, rent included.

Medellin $1,614
Varkaus $1,900

A couple spends around $2,402 per month in Medellin vs $3,063 in Varkaus, rent included.

Medellin $2,402
Varkaus $3,063

A family of three spends $3,190 per month in Medellin vs $4,225 in Varkaus, rent included.

Medellin $3,190
Varkaus $4,225

Medellin is about 15% cheaper than Varkaus, and outside of rent the biggest gap is in eating out.

Both Medellin and Varkaus sit above the global median – Medellin by 20%, Varkaus by 41%.

Meal at Budget Restaurant

$7.93 COP 25.2K

$15.90 €14.14

-50.13%

Three-Course Dinner for Two, Mid-Range

$46.13 COP 146.3K

$102 €90.9

-54.83%

Fast Food Meal (McDonalds, etc)

$9.50 COP 30.1K

$11.83 €10.52

-19.70%

Cappuccino

$3.11 COP 9,866

$5.28 €4.70

-41.10%

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

$1.83 COP 5,800

$3.46 €3.08

-47.11%

Water (0.33 liter bottle)

$1.38 COP 4,360

$2.72 €2.42

-49.26%

Local Beer (0.5 liter draught)

$3.05 COP 9,672

$8.74 €7.77

-65.10%

Imported Beer (0.33 liter bottle)

$5.50 COP 17.4K

$9.66 €8.60

-43.06%

Milk (1 liter)

$1.45 COP 4,600

$1.43 €1.27

1.40%

White Bread (500g)

$2.36 COP 7,496

$2.92 €2.60

-19.18%

Rice (white) (1kg)

$1.68 COP 5,328

$3.51 €3.13

-52.14%

Eggs

$2.86 COP 9,077

$3.77 €3.35

-24.14%

Local Cheese (1kg)

$10.19 COP 32.3K

$10.96 €9.75

-7.03%

Chicken Fillets (1kg)

$9.53 COP 30.2K

$16.14 €14.36

-40.95%

Beef Round Steak (1kg)

$14.04 COP 44.5K

$22.36 €19.89

-37.21%

Apples (1kg)

$4.07 COP 12.9K

$2.77 €2.46

46.93%

Banana (1kg)

$1.50 COP 4,742

$2.06 €1.83

-27.18%

Oranges (1kg)

$2.17 COP 6,891

$3.31 €2.94

-34.44%

Tomato (1kg)

$2.31 COP 7,310

$4.34 €3.86

-46.77%

Potato (1kg)

$1.93 COP 6,113

$1.27 €1.13

51.97%

Onion (1kg)

$1.64 COP 5,196

$1.72 €1.53

-4.65%

Lettuce (1 head)

$1.13 COP 3,571

$2.03 €1.80

-44.33%

Water (1.5 liter bottle)

$1.25 COP 3,954

$1.94 €1.72

-35.57%

Cigarettes 20 Pack (Marlboro, Camel)

$3.99 COP 12.6K

$12.24 €10.88

-67.40%

Wine (Bottle)

$13.35 COP 42.3K

$13.47 €11.98

-0.89%

Local Beer (0.5 liter bottle)

$1.70 COP 5,384

$3.95 €3.51

-56.96%

Imported Beer (0.33 liter bottle)

$2.37 COP 7,525

$4.93 €4.38

-51.93%

One-way Ticket (Public Transport)

$1.21 COP 3,827

$2.87 €2.55

-57.84%

Public Transport Monthly Pass (Regular Price)

$76.5 COP 242.5K

$55.1 €49.04

38.74%

Taxi Start (Normal Tariff)

$1.32 COP 4,179

$9.50 €8.45

-86.11%

Taxi (Normal Tariff) (1km)

$2.14 COP 6,774

$1.83 €1.63

16.94%

Taxi 1hour Waiting (Normal Tariff)

$8.47 COP 26.8K

$51.1 €45.47

-83.43%

Gasoline (1 liter)

$1.30 COP 4,114

$2.24 €2.00

-41.96%

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

$28.0K COP 88.7M

$36.1K €32.1K

-22.47%

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

$35.4K COP 112.3M

$37.9K €33.7K

-6.62%

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

$172 COP 545.6K

$109 €96.7

58.35%

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

$13.37 COP 42.4K

$28.10 €24.99

-52.42%

Internet (50+ Mbps, Unlimited Data)

$28.73 COP 91.1K

$25.26 €22.47

13.74%

Gym Membership (Monthly)

$45.24 COP 143.5K

$43.53 €38.72

3.93%

Tennis Court (1 Hour on Weekend)

$17.04 COP 54.0K

$21.91 €19.49

-22.23%

Cinema Ticket

$6.28 COP 19.9K

$17.63 €15.68

-64.38%

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

$770 COP 2.4M

$323 €287

138.29%

International Primary School, 1 Child (Yearly)

$9,011 COP 28.6M

$12.7K €11.3K

-29.24%

Jeans (Levis 501 Or Similar)

$86.4 COP 274.0K

$123 €109

-29.54%

Summer Dress (H&M, Zara, etc)

$57.1 COP 181.1K

$57.1 €50.8

-0.02%

Sport Shoes (Adidas, Nike)

$137 COP 432.9K

$95.7 €85.1

42.74%

Men's Leather Business Shoes

$97.9 COP 310.4K

$179 €160

-45.40%

1-bedroom Apartment, City Center (Monthly)

$1,055 COP 3.3M

$662 €589

59.43%

1-bedroom Apartment, Outside City Center (Monthly)

$616 COP 2.0M

$646 €575

-4.68%

3-bedroom Apartment, City Center (Monthly)

$1,892 COP 6.0M

$1,338 €1,190

41.40%

3-bedroom Apartment, Outside City Center (Monthly)

$1,023 COP 3.2M

$1,161 €1,033

-11.93%

Buy Apartment in City Center (m2)

$4,059 COP 12.9M

$3,875 €3,447

4.73%

Buy Apartment Outside City Center (m2)

$1,678 COP 5.3M

$2,331 €2,074

-28.00%

Average Monthly Net Salary (After Tax)

$652 COP 2.1M

20-Year Fixed Mortgage Interest Rate (Annual %)

10.94

3.51

211.68%

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

Last update for Medellin: October 12, 2026

Last update for Varkaus: October 11, 2026

Monthly budget structure

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

Accommodation & Living

Medellin

$616 38.2%

Varkaus

$646 34% 4.9% $30

Groceries & Markets

Medellin

$295 18.3%

Varkaus

$410 21.6% 39% $115

Monthly Utilities & Internet

Medellin

$214 13.3%

Varkaus

$162 8.5% 24.3% $52

Clothing & Footwear

Medellin

$170 10.5%

Varkaus

$205 10.8% 20.3% $35

Eating Out

Medellin

$168 10.4%

Varkaus

$314 16.5% 86.3% $145

Getting Around

Medellin

$93 5.8%

Varkaus

$85 4.5% 8.6% $8

Sport & Entertainment

Medellin

$58 3.6%

Varkaus

$79 4.2% 36.3% $21

Cost Breakdown

A central one-bedroom costs $1,055 in Medellin versus $662 in Varkaus. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

A mid-range dinner for two costs $46.00 in Medellin versus $102 in Varkaus. Monthly groceries follow the same trend: $295 vs $410 – making Medellin the more affordable choice for daily food spending.

Good to know

🇨🇴 Medellin

🇫🇮 Varkaus

🕒 Local time

03:40 3:40 AM

11:40 11:40 AM

8 h ahead of Medellin

🌤 Weather

👥 Population

2,486,723

20,257

💱 Currency

Colombian Peso COP $

Euro EUR €

📈 Exchange rate

10,000 COP = 3.15 USD

10,000 COP = 2.81 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 October 18, 2026: 1 USD = 3,171 COP (10,000 COP = 3.15 USD). 1 EUR = 3,565 COP (10,000 COP = 2.81 EUR).

Euro exchange rates as of October 18, 2026: 1 USD = 0.889 EUR (1 EUR = 1.12 USD).

USD to COP in detail →

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Medellin Varkaus 10,080 km ≈ 13 h nonstop flight

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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 Varkaus: Cost of Living - Frequently Asked Questions

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

For a comfortable life, plan on about $2,421 per month in Medellin and $2,850 in Varkaus. 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. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

A mid-range dinner for two costs $46.00 in Medellin and $102 in Varkaus. That's a good indicator of the overall restaurant and café pricing gap between the two cities.

Monthly expenses with rent come to $1,614 in Medellin and $1,900 in Varkaus. That's a gap of about 18%.

A $2,500 monthly budget goes further in Medellin, where all-in costs run around $1,614, than in Varkaus at $1,900. In Medellin it covers expenses comfortably, while in Varkaus it requires careful planning or may not stretch far enough.

Families tend to lean toward Medellin – 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 Medellin. If higher salaries, better infrastructure, or specific career opportunities are the priority, Varkaus makes more sense. Both are solid long-term options with distinct trade-offs.