Cost of Living Comparison Between Medellin and Vestmanna Cost of Living Comparison Between Medellin and Vestmanna

Monthly Cost of Living

A single person spends $1,003 per month in Medellin vs $1,457 in Vestmanna, rent included.

A couple spends around $1,573 per month in Medellin vs $2,156 in Vestmanna, rent included.

A family of three spends $2,143 per month in Medellin vs $2,856 in Vestmanna, rent included.

Medellin is about 31% cheaper than Vestmanna, driven mainly by Groceries & Markets.

Medellin sits 25% below the global median, while Vestmanna is 9% above – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$5.91 COP 18.6K

Three-Course Dinner for Two, Mid-Range

$32.96 COP 103.8K

Fast Food Meal (McDonalds, etc)

$7.43 COP 23.4K

Cappuccino

$1.65 COP 5,207

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

$1.10 COP 3,468

Water (0.33 liter bottle)

$0.78 COP 2,458

Local Beer (0.5 liter draught)

$1.72 COP 5,412

Imported Beer (0.33 liter bottle)

$3.18 COP 10.0K

Milk (1 liter)

$1.10 COP 3,474

$2.11 FOK 13.67

-47.87%

White Bread (500g)

$1.26 COP 3,962

$3.94 FOK 25.56

-68.02%

Rice (white) (1kg)

$1.38 COP 4,349

Eggs

$2.18 COP 6,858

$4.45 FOK 28.83

-51.01%

Local Cheese (1kg)

$4.49 COP 14.1K

$18.27 FOK 118

-75.42%

Chicken Fillets (1kg)

$5.79 COP 18.2K

$15.59 FOK 101

-62.86%

Beef Round Steak (1kg)

$8.97 COP 28.2K

$28.24 FOK 183

-68.24%

Apples (1kg)

$2.32 COP 7,308

$3.11 FOK 20.16

-25.40%

Banana (1kg)

$1.06 COP 3,352

$2.40 FOK 15.54

-55.83%

Oranges (1kg)

$1.52 COP 4,774

$3.14 FOK 20.37

-51.59%

Tomato (1kg)

$1.36 COP 4,270

$3.18 FOK 20.59

-57.23%

Potato (1kg)

$1.13 COP 3,552

$2.39 FOK 15.49

-52.72%

Onion (1kg)

$1.17 COP 3,689

$3.05 FOK 19.79

-61.64%

Lettuce (1 head)

$0.90 COP 2,838

Water (1.5 liter bottle)

$0.90 COP 2,823

$4.52 FOK 29.28

-80.09%

Cigarettes 20 Pack (Marlboro, Camel)

$2.23 COP 7,034

$10.22 FOK 66.2

-78.18%

Wine (Bottle)

$12.12 COP 38.2K

Local Beer (0.5 liter bottle)

$1.19 COP 3,743

Imported Beer (0.33 liter bottle)

$2.48 COP 7,815

$3.86 FOK 25.00

-35.75%

One-way Ticket (Public Transport)

$0.85 COP 2,687

Public Transport Monthly Pass (Regular Price)

$41.62 COP 131.0K

Taxi Start (Normal Tariff)

$1.42 COP 4,459

$10.94 FOK 70.9

-87.02%

Taxi (Normal Tariff) (1km)

$1.95 COP 6,141

Taxi 1hour Waiting (Normal Tariff)

$7.89 COP 24.8K

Gasoline (1 liter)

$0.99 COP 3,118

$1.37 FOK 8.91

-27.74%

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

$17.6K COP 55.4M

$40.6K FOK 263.2K

-56.67%

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

$26.8K COP 84.4M

$50.3K FOK 325.7K

-46.68%

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

$83.0 COP 261.4K

$157 FOK 1,020

-47.28%

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

$9.70 COP 30.5K

Internet (50+ Mbps, Unlimited Data)

$23.52 COP 74.1K

Gym Membership (Monthly)

$25.26 COP 79.5K

$62.3 FOK 404

-59.47%

Tennis Court (1 Hour on Weekend)

$19.10 COP 60.1K

Cinema Ticket

$3.95 COP 12.4K

$16.93 FOK 110

-76.67%

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

$316 COP 994.2K

$279 FOK 1,807

13.24%

International Primary School, 1 Child (Yearly)

$5,975 COP 18.8M

Jeans (Levis 501 Or Similar)

$60.0 COP 188.9K

$123 FOK 796

-51.18%

Summer Dress (H&M, Zara, etc)

$31.82 COP 100.2K

Sport Shoes (Adidas, Nike)

$102 COP 320.1K

$123 FOK 796

-17.25%

Men's Leather Business Shoes

$107 COP 338.3K

$122 FOK 790

-11.83%

1-bedroom Apartment, City Center (Monthly)

$475 COP 1.5M

$622 FOK 4,029

-23.61%

1-bedroom Apartment, Outside City Center (Monthly)

$374 COP 1.2M

$621 FOK 4,024

-39.78%

3-bedroom Apartment, City Center (Monthly)

$849 COP 2.7M

$1,098 FOK 7,117

-22.69%

3-bedroom Apartment, Outside City Center (Monthly)

$719 COP 2.3M

$1,096 FOK 7,101

-34.35%

Buy Apartment in City Center (m2)

$3,265 COP 10.3M

Buy Apartment Outside City Center (m2)

$1,441 COP 4.5M

Average Monthly Net Salary (After Tax)

$624 COP 2.0M

20-Year Fixed Mortgage Interest Rate (Annual %)

13.43

2.99

349.16%

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

Last update for Medellin: July 27, 2026

Last update for Vestmanna: July 28, 2026

Cost Breakdown

A central one-bedroom costs $475 in Medellin versus $622 in Vestmanna. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

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 Vestmanna: Cost of Living - Frequently Asked Questions

Yes – Vestmanna is pricier by about 45%, 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 $1,504 per month in Medellin and $2,186 in Vestmanna. 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.

Groceries cost about 122% more in Vestmanna, though it depends on what you buy. Local produce may be comparable; imported and premium items show the biggest price gap.

Kindergarten costs $316 per month in Medellin and $279 in Vestmanna. For families with young kids, this one expense can tip the scales when choosing between the two cities.

A $1,500 monthly budget goes further in Medellin, where all-in costs run around $1,003, than in Vestmanna at $1,457. In Medellin it covers expenses comfortably, while in Vestmanna 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, Vestmanna makes more sense. Both are solid long-term options with distinct trade-offs.