Cost of Living Comparison Between Medellin and Waterloo Cost of Living Comparison Between Medellin and Waterloo

Monthly Cost of Living

A single person spends $1,014 per month in Medellin vs $2,428 in Waterloo, rent included.

A couple spends around $1,596 per month in Medellin vs $3,495 in Waterloo, rent included.

A family of three spends $2,178 per month in Medellin vs $4,562 in Waterloo, rent included.

Medellin is about 58% cheaper than Waterloo, driven mainly by Groceries & Markets.

Medellin sits 25% below the global median, while Waterloo is 80% above – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$6.14 COP 22.2K

$14.59 CA$19.99

-57.92%

Three-Course Dinner for Two, Mid-Range

$33.05 COP 119.3K

$65.6 CA$89.9

-49.61%

Fast Food Meal (McDonalds, etc)

$7.32 COP 26.4K

$9.60 CA$13.16

-23.75%

Cappuccino

$1.66 COP 5,987

$3.14 CA$4.30

-47.13%

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

$1.10 COP 3,987

$1.54 CA$2.11

-28.57%

Water (0.33 liter bottle)

$0.78 COP 2,822

$1.57 CA$2.15

-50.32%

Local Beer (0.5 liter draught)

$1.71 COP 6,188

$5.65 CA$7.74

-69.73%

Imported Beer (0.33 liter bottle)

$3.17 COP 11.5K

$6.45 CA$8.84

-50.85%

Milk (1 liter)

$1.11 COP 4,012

$2.14 CA$2.93

-48.13%

White Bread (500g)

$1.31 COP 4,719

$2.31 CA$3.16

-43.29%

Rice (white) (1kg)

$1.38 COP 4,980

$2.58 CA$3.53

-46.51%

Eggs

$2.22 COP 8,009

$3.02 CA$4.14

-26.49%

Local Cheese (1kg)

$4.34 COP 15.7K

$8.25 CA$11.30

-47.39%

Chicken Fillets (1kg)

$5.80 COP 20.9K

$16.48 CA$22.58

-64.81%

Beef Round Steak (1kg)

$8.98 COP 32.4K

$14.14 CA$19.37

-36.49%

Apples (1kg)

$2.26 COP 8,164

$4.15 CA$5.69

-45.54%

Banana (1kg)

$1.11 COP 4,023

$1.24 CA$1.69

-10.48%

Oranges (1kg)

$1.46 COP 5,284

$3.21 CA$4.40

-54.52%

Tomato (1kg)

$1.37 COP 4,929

$3.73 CA$5.11

-63.27%

Potato (1kg)

$1.11 COP 4,009

$2.34 CA$3.21

-52.56%

Onion (1kg)

$1.16 COP 4,199

$2.84 CA$3.89

-59.15%

Lettuce (1 head)

$0.89 COP 3,211

$1.97 CA$2.69

-54.82%

Water (1.5 liter bottle)

$0.87 COP 3,124

$1.60 CA$2.20

-45.63%

Cigarettes 20 Pack (Marlboro, Camel)

$2.35 COP 8,495

$14.08 CA$19.29

-83.31%

Wine (Bottle)

$10.86 COP 39.2K

$9.97 CA$13.66

8.93%

Local Beer (0.5 liter bottle)

$1.20 COP 4,330

$2.53 CA$3.47

-52.57%

Imported Beer (0.33 liter bottle)

$2.48 COP 8,946

$3.27 CA$4.49

-24.16%

One-way Ticket (Public Transport)

$0.79 COP 2,842

$2.73 CA$3.73

-71.06%

Public Transport Monthly Pass (Regular Price)

$40.77 COP 147.2K

$67.6 CA$92.6

-39.64%

Taxi Start (Normal Tariff)

$1.42 COP 5,137

$2.65 CA$3.63

-46.42%

Taxi (Normal Tariff) (1km)

$1.91 COP 6,900

$1.75 CA$2.40

9.14%

Taxi 1hour Waiting (Normal Tariff)

$7.65 COP 27.6K

$29.13 CA$39.91

-73.74%

Gasoline (1 liter)

$0.97 COP 3,490

$1.15 CA$1.58

-15.65%

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

$18.1K COP 65.3M

$25.4K CA$34.8K

-28.84%

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

$26.3K COP 95.0M

$20.1K CA$27.5K

31.20%

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

$81.3 COP 293.5K

$185 CA$254

-56.09%

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

$9.63 COP 34.8K

$36.89 CA$50.5

-73.90%

Internet (50+ Mbps, Unlimited Data)

$24.36 COP 88.0K

$54.4 CA$74.5

-55.19%

Gym Membership (Monthly)

$26.02 COP 93.9K

$38.60 CA$52.9

-32.59%

Tennis Court (1 Hour on Weekend)

$18.92 COP 68.3K

$15.33 CA$21.01

23.42%

Cinema Ticket

$3.89 COP 14.0K

$12.19 CA$16.70

-68.09%

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

$304 COP 1.1M

$556 CA$762

-45.28%

International Primary School, 1 Child (Yearly)

$5,902 COP 21.3M

$10.5K CA$14.4K

-43.69%

Jeans (Levis 501 Or Similar)

$58.7 COP 211.8K

$53.5 CA$73.3

9.62%

Summer Dress (H&M, Zara, etc)

$32.48 COP 117.2K

$25.33 CA$34.70

28.23%

Sport Shoes (Adidas, Nike)

$102 COP 367.3K

$68.9 CA$94.4

47.62%

Men's Leather Business Shoes

$108 COP 390.4K

$87.1 CA$119

24.18%

1-bedroom Apartment, City Center (Monthly)

$474 COP 1.7M

$1,428 CA$1,956

-66.78%

1-bedroom Apartment, Outside City Center (Monthly)

$371 COP 1.3M

$1,285 CA$1,761

-71.15%

3-bedroom Apartment, City Center (Monthly)

$848 COP 3.1M

$2,329 CA$3,190

-63.58%

3-bedroom Apartment, Outside City Center (Monthly)

$716 COP 2.6M

$2,069 CA$2,835

-65.38%

Buy Apartment in City Center (m2)

$2,871 COP 10.4M

$5,366 CA$7,352

-46.49%

Buy Apartment Outside City Center (m2)

$1,375 COP 5.0M

$5,017 CA$6,874

-72.59%

Average Monthly Net Salary (After Tax)

$542 COP 2.0M

$3,043 CA$4,169

-82.20%

20-Year Fixed Mortgage Interest Rate (Annual %)

13.43

6.71

100.15%

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

Last update for Medellin: April 13, 2026

Last update for Waterloo: April 13, 2026

Cost Breakdown

A central one-bedroom costs $474 in Medellin versus $1,428 in Waterloo. 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 462% higher in Waterloo, which partly offsets the higher cost of living there. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $33 in Medellin versus $66 in Waterloo. Monthly groceries follow the same trend: $190 vs $355 – making Medellin the more affordable choice for daily food spending.

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 Waterloo: Cost of Living - Frequently Asked Questions

Yes – Waterloo is pricier by about 139%, 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 $1,522 per month in Medellin and $3,643 in Waterloo. 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 $33.00 in Medellin and $66.0 in Waterloo. That's a good indicator of the overall restaurant and café pricing gap between the two cities.

Monthly expenses with rent come to $1,014 in Medellin and $2,428 in Waterloo. The difference isn't just one category – it shows up across housing, food, transport, and services.

A $1,500 monthly budget goes further in Medellin, where all-in costs run around $1,014, than in Waterloo at $2,428. In Medellin it covers expenses comfortably, while in Waterloo 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.

If budget matters most, go with Medellin. If higher salaries, better infrastructure, or specific career opportunities are the priority, Waterloo makes more sense. Both are solid long-term options with distinct trade-offs.