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

Monthly Cost of Living

A single person spends $1,034 per month in Medellin vs $1,496 in Vestmanna, rent included.

A couple spends around $1,577 per month in Medellin vs $2,153 in Vestmanna, rent included.

A family of three spends $2,120 per month in Medellin vs $2,810 in Vestmanna, rent included.

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

Medellin sits 23% below the global median, while Vestmanna is 12% above – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$5.92 COP 21.4K

Three-Course Dinner for Two, Mid-Range

$32.75 COP 118.2K

Fast Food Meal (McDonalds, etc)

$7.20 COP 26.0K

Cappuccino

$1.70 COP 6,140

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

$1.10 COP 3,966

Water (0.33 liter bottle)

$0.72 COP 2,605

Local Beer (0.5 liter draught)

$1.67 COP 6,022

Imported Beer (0.33 liter bottle)

$3.10 COP 11.2K

Milk (1 liter)

$1.06 COP 3,809

$2.16 FOK 13.77

-50.93%

White Bread (500g)

$1.25 COP 4,497

$3.96 FOK 25.23

-68.43%

Rice (white) (1kg)

$1.39 COP 5,022

Eggs

$2.26 COP 8,168

$4.60 FOK 29.32

-50.87%

Local Cheese (1kg)

$4.33 COP 15.6K

$18.38 FOK 117

-76.44%

Chicken Fillets (1kg)

$5.84 COP 21.1K

$15.51 FOK 99.0

-62.35%

Beef Round Steak (1kg)

$8.83 COP 31.9K

$27.74 FOK 177

-68.17%

Apples (1kg)

$2.24 COP 8,099

$3.05 FOK 19.43

-26.56%

Banana (1kg)

$1.08 COP 3,882

$2.35 FOK 14.97

-54.04%

Oranges (1kg)

$1.53 COP 5,522

$3.13 FOK 19.98

-51.12%

Tomato (1kg)

$1.37 COP 4,950

$3.18 FOK 20.30

-56.92%

Potato (1kg)

$1.13 COP 4,078

$2.28 FOK 14.56

-50.44%

Onion (1kg)

$1.12 COP 4,036

$3.14 FOK 20.01

-64.33%

Lettuce (1 head)

$0.85 COP 3,057

Water (1.5 liter bottle)

$0.91 COP 3,281

$4.69 FOK 29.94

-80.60%

Cigarettes 20 Pack (Marlboro, Camel)

$2.33 COP 8,414

$10.13 FOK 64.6

-77.00%

Wine (Bottle)

$11.13 COP 40.2K

Local Beer (0.5 liter bottle)

$1.19 COP 4,309

Imported Beer (0.33 liter bottle)

$2.37 COP 8,553

$3.79 FOK 24.18

-37.47%

One-way Ticket (Public Transport)

$0.79 COP 2,838

Public Transport Monthly Pass (Regular Price)

$41.13 COP 148.5K

Taxi Start (Normal Tariff)

$1.44 COP 5,184

$10.80 FOK 68.9

-86.67%

Taxi (Normal Tariff) (1km)

$1.91 COP 6,901

Taxi 1hour Waiting (Normal Tariff)

$8.02 COP 28.9K

Gasoline (1 liter)

$0.94 COP 3,385

$1.39 FOK 8.86

-32.37%

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

$17.9K COP 64.7M

$40.3K FOK 256.9K

-55.50%

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

$26.8K COP 96.7M

$49.4K FOK 315.5K

-45.82%

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

$84.0 COP 303.1K

$155 FOK 991

-45.96%

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

$9.60 COP 34.7K

Internet (50+ Mbps, Unlimited Data)

$24.16 COP 87.2K

Gym Membership (Monthly)

$25.88 COP 93.4K

$61.9 FOK 395

-58.16%

Tennis Court (1 Hour on Weekend)

$19.04 COP 68.7K

Cinema Ticket

$3.92 COP 14.1K

$16.87 FOK 108

-76.76%

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

$306 COP 1.1M

$277 FOK 1,766

10.65%

International Primary School, 1 Child (Yearly)

$5,919 COP 21.4M

Jeans (Levis 501 Or Similar)

$57.9 COP 209.1K

$126 FOK 806

-54.13%

Summer Dress (H&M, Zara, etc)

$31.82 COP 114.9K

Sport Shoes (Adidas, Nike)

$99.9 COP 360.6K

$123 FOK 783

-18.63%

Men's Leather Business Shoes

$107 COP 386.8K

$124 FOK 793

-13.81%

1-bedroom Apartment, City Center (Monthly)

$487 COP 1.8M

$609 FOK 3,889

-20.14%

1-bedroom Apartment, Outside City Center (Monthly)

$368 COP 1.3M

$631 FOK 4,026

-41.67%

3-bedroom Apartment, City Center (Monthly)

$826 COP 3.0M

$1,093 FOK 6,973

-24.45%

3-bedroom Apartment, Outside City Center (Monthly)

$716 COP 2.6M

$1,078 FOK 6,876

-33.56%

Buy Apartment in City Center (m2)

$2,925 COP 10.6M

Buy Apartment Outside City Center (m2)

$1,407 COP 5.1M

Average Monthly Net Salary (After Tax)

$546 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: April 27, 2026

Last update for Vestmanna: April 25, 2026

Cost Breakdown

A central one-bedroom costs $487 in Medellin versus $609 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 $1,550 per month in Medellin and $2,243 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 127% 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 $306 per month in Medellin and $277 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 $1,034, than in Vestmanna at $1,496. 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.