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

Monthly Cost of Living

A single person spends $1,017 per month in Medellin vs $1,495 in Vestmanna, rent included.

A couple spends around $1,602 per month in Medellin vs $2,158 in Vestmanna, rent included.

A family of three spends $2,188 per month in Medellin vs $2,822 in Vestmanna, rent included.

Medellin is about 32% cheaper than Vestmanna, driven mainly by Groceries & Markets.

Medellin sits 24% below the global median, while Vestmanna is 11% above – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$5.95 COP 20.8K

Three-Course Dinner for Two, Mid-Range

$33.33 COP 116.3K

Fast Food Meal (McDonalds, etc)

$7.23 COP 25.2K

Cappuccino

$1.63 COP 5,687

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

$1.09 COP 3,821

Water (0.33 liter bottle)

$0.73 COP 2,548

Local Beer (0.5 liter draught)

$1.74 COP 6,065

Imported Beer (0.33 liter bottle)

$3.23 COP 11.3K

Milk (1 liter)

$1.05 COP 3,662

$2.19 FOK 14.10

-52.05%

White Bread (500g)

$1.29 COP 4,515

$3.79 FOK 24.42

-65.96%

Rice (white) (1kg)

$1.32 COP 4,617

Eggs

$2.27 COP 7,927

$4.57 FOK 29.47

-50.33%

Local Cheese (1kg)

$4.35 COP 15.2K

$18.89 FOK 122

-76.97%

Chicken Fillets (1kg)

$5.88 COP 20.5K

$15.07 FOK 97.2

-60.98%

Beef Round Steak (1kg)

$8.61 COP 30.0K

$28.21 FOK 182

-69.48%

Apples (1kg)

$2.25 COP 7,844

$3.14 FOK 20.28

-28.34%

Banana (1kg)

$1.07 COP 3,733

$2.37 FOK 15.31

-54.85%

Oranges (1kg)

$1.52 COP 5,322

$3.16 FOK 20.36

-51.90%

Tomato (1kg)

$1.42 COP 4,964

$3.04 FOK 19.61

-53.29%

Potato (1kg)

$1.17 COP 4,084

$2.29 FOK 14.75

-48.91%

Onion (1kg)

$1.17 COP 4,077

$3.12 FOK 20.13

-62.50%

Lettuce (1 head)

$0.89 COP 3,096

Water (1.5 liter bottle)

$0.90 COP 3,146

$4.58 FOK 29.57

-80.35%

Cigarettes 20 Pack (Marlboro, Camel)

$2.25 COP 7,837

$9.96 FOK 64.3

-77.41%

Wine (Bottle)

$11.04 COP 38.5K

Local Beer (0.5 liter bottle)

$1.14 COP 3,977

Imported Beer (0.33 liter bottle)

$2.38 COP 8,301

$3.95 FOK 25.49

-39.75%

One-way Ticket (Public Transport)

$0.84 COP 2,916

Public Transport Monthly Pass (Regular Price)

$41.95 COP 146.4K

Taxi Start (Normal Tariff)

$1.41 COP 4,912

$10.71 FOK 69.1

-86.83%

Taxi (Normal Tariff) (1km)

$1.90 COP 6,634

Taxi 1hour Waiting (Normal Tariff)

$7.75 COP 27.0K

Gasoline (1 liter)

$1.01 COP 3,509

$1.36 FOK 8.80

-25.74%

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

$17.6K COP 61.4M

$40.5K FOK 260.9K

-56.55%

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

$26.5K COP 92.5M

$49.9K FOK 321.6K

-46.86%

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

$83.7 COP 292.1K

$154 FOK 995

-45.76%

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

$9.45 COP 33.0K

Internet (50+ Mbps, Unlimited Data)

$24.11 COP 84.1K

Gym Membership (Monthly)

$25.31 COP 88.3K

$62.7 FOK 405

-59.65%

Tennis Court (1 Hour on Weekend)

$19.14 COP 66.8K

Cinema Ticket

$4.10 COP 14.3K

$16.83 FOK 109

-75.64%

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

$312 COP 1.1M

$283 FOK 1,826

10.20%

International Primary School, 1 Child (Yearly)

$5,993 COP 20.9M

Jeans (Levis 501 Or Similar)

$58.0 COP 202.6K

$123 FOK 792

-52.71%

Summer Dress (H&M, Zara, etc)

$32.56 COP 113.6K

Sport Shoes (Adidas, Nike)

$99.6 COP 347.7K

$122 FOK 786

-18.26%

Men's Leather Business Shoes

$109 COP 378.8K

$126 FOK 810

-13.58%

1-bedroom Apartment, City Center (Monthly)

$482 COP 1.7M

$613 FOK 3,951

-21.26%

1-bedroom Apartment, Outside City Center (Monthly)

$379 COP 1.3M

$628 FOK 4,048

-39.53%

3-bedroom Apartment, City Center (Monthly)

$837 COP 2.9M

$1,088 FOK 7,015

-23.00%

3-bedroom Apartment, Outside City Center (Monthly)

$723 COP 2.5M

$1,078 FOK 6,950

-32.89%

Buy Apartment in City Center (m2)

$2,840 COP 9.9M

Buy Apartment Outside City Center (m2)

$1,223 COP 4.3M

Average Monthly Net Salary (After Tax)

$541 COP 1.9M

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: June 8, 2026

Last update for Vestmanna: June 8, 2026

Cost Breakdown

A central one-bedroom costs $482 in Medellin versus $613 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 47%, 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 $1,525 per month in Medellin and $2,242 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 126% 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 $312 per month in Medellin and $283 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 $1,017, than in Vestmanna at $1,495. 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.