Cost of Living Comparison Between Miraflores and Medellin Cost of Living Comparison Between Miraflores and Medellin

Monthly Cost of Living

A single person spends $1,118 per month in Miraflores vs $1,641 in Medellin, rent included.

A couple spends around $1,245 per month in Miraflores vs $2,447 in Medellin, rent included.

A family of three spends $1,371 per month in Miraflores vs $3,253 in Medellin, rent included.

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

Miraflores sits 19% below the global median, while Medellin is 19% above – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$4.55 PEN 15.25

$8.04 COP 24.8K

-43.41%

Three-Course Dinner for Two, Mid-Range

$33.31 PEN 112

$48.29 COP 148.6K

-31.02%

Fast Food Meal (McDonalds, etc)

$5.48 PEN 18.36

$9.42 COP 29.0K

-41.83%

Cappuccino

$3.37 PEN 11.31

$2.94 COP 9,040

14.63%

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

$1.12 PEN 3.74

$1.86 COP 5,735

-39.78%

Water (0.33 liter bottle)

$0.67 PEN 2.25

$1.46 COP 4,479

-54.11%

Local Beer (0.5 liter draught)

$2.72 PEN 9.11

$3.21 COP 9,882

-15.26%

Imported Beer (0.33 liter bottle)

$4.47 PEN 15.00

$5.71 COP 17.6K

-21.72%

Milk (1 liter)

$1.30 PEN 4.36

$1.44 COP 4,428

-9.72%

White Bread (500g)

$1.15 PEN 3.87

$2.40 COP 7,389

-52.08%

Rice (white) (1kg)

$1.35 PEN 4.52

$1.70 COP 5,228

-20.59%

Eggs

$2.93 PEN 9.84

$2.89 COP 8,896

1.38%

Local Cheese (1kg)

$9.14 PEN 30.65

$10.06 COP 30.9K

-9.15%

Chicken Fillets (1kg)

$5.93 PEN 19.89

$9.97 COP 30.7K

-40.52%

Beef Round Steak (1kg)

$9.94 PEN 33.33

$14.20 COP 43.7K

-30.00%

Apples (1kg)

$2.04 PEN 6.84

$3.98 COP 12.3K

-48.74%

Banana (1kg)

$1.11 PEN 3.71

$1.58 COP 4,878

-29.75%

Oranges (1kg)

$1.44 PEN 4.81

$2.15 COP 6,624

-33.02%

Tomato (1kg)

$1.21 PEN 4.07

$2.30 COP 7,078

-47.39%

Potato (1kg)

$0.97 PEN 3.26

$2.00 COP 6,169

-51.50%

Onion (1kg)

$0.91 PEN 3.06

$1.51 COP 4,646

-39.74%

Lettuce (1 head)

$0.85 PEN 2.85

$1.20 COP 3,701

-29.17%

Water (1.5 liter bottle)

$0.57 PEN 1.91

$1.28 COP 3,946

-55.47%

Cigarettes 20 Pack (Marlboro, Camel)

$6.02 PEN 20.18

$3.84 COP 11.8K

56.77%

Wine (Bottle)

$9.04 PEN 30.32

$14.01 COP 43.1K

-35.47%

Local Beer (0.5 liter bottle)

$1.75 PEN 5.88

$1.71 COP 5,256

2.34%

Imported Beer (0.33 liter bottle)

$2.89 PEN 9.69

$2.74 COP 8,440

5.47%

One-way Ticket (Public Transport)

$0.29 PEN 0.97

$1.25 COP 3,834

-76.80%

Public Transport Monthly Pass (Regular Price)

$77.9 COP 239.7K

Taxi Start (Normal Tariff)

$4.06 PEN 13.61

$1.31 COP 4,016

209.92%

Taxi (Normal Tariff) (1km)

$2.06 PEN 6.91

$2.17 COP 6,680

-5.07%

Taxi 1hour Waiting (Normal Tariff)

$7.52 PEN 25.20

$8.29 COP 25.5K

-9.29%

Gasoline (1 liter)

$1.37 PEN 4.60

$1.36 COP 4,172

0.74%

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

$22.1K PEN 74.2K

$27.5K COP 84.5M

-19.38%

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

$26.4K PEN 88.4K

$36.5K COP 112.4M

-27.81%

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

$58.5 PEN 196

$169 COP 519.2K

-65.35%

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

$8.76 PEN 29.35

$13.57 COP 41.8K

-35.45%

Internet (50+ Mbps, Unlimited Data)

$28.22 PEN 94.6

$28.32 COP 87.2K

-0.35%

Gym Membership (Monthly)

$35.50 PEN 119

$45.71 COP 140.7K

-22.34%

Tennis Court (1 Hour on Weekend)

$17.22 COP 53.0K

Cinema Ticket

$7.53 PEN 25.25

$6.65 COP 20.5K

13.23%

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

$180 PEN 604

$803 COP 2.5M

-77.58%

International Primary School, 1 Child (Yearly)

$13.4K PEN 44.8K

$9,190 COP 28.3M

45.51%

Jeans (Levis 501 Or Similar)

$53.4 PEN 179

$87.4 COP 268.8K

-38.83%

Summer Dress (H&M, Zara, etc)

$35.07 PEN 118

$59.4 COP 182.7K

-40.93%

Sport Shoes (Adidas, Nike)

$84.8 PEN 284

$139 COP 427.5K

-38.95%

Men's Leather Business Shoes

$79.4 PEN 266

$102 COP 314.0K

-22.18%

1-bedroom Apartment, City Center (Monthly)

$691 PEN 2,316

$1,071 COP 3.3M

-35.49%

1-bedroom Apartment, Outside City Center (Monthly)

$527 PEN 1,768

$653 COP 2.0M

-19.22%

3-bedroom Apartment, City Center (Monthly)

$1,611 PEN 5,399

$1,925 COP 5.9M

-16.32%

3-bedroom Apartment, Outside City Center (Monthly)

$1,048 COP 3.2M

Buy Apartment in City Center (m2)

$2,520 PEN 8,446

$4,123 COP 12.7M

-38.89%

Buy Apartment Outside City Center (m2)

$1,697 COP 5.2M

Average Monthly Net Salary (After Tax)

$655 COP 2.0M

20-Year Fixed Mortgage Interest Rate (Annual %)

8.94

10.94

-18.28%

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

Last update for Miraflores: September 7, 2026

Last update for Medellin: September 7, 2026

Cost Breakdown

A central one-bedroom costs $691 in Miraflores versus $1,071 in Medellin. 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 $33.00 in Miraflores versus $48.00 in Medellin. Monthly groceries follow the same trend: $205 vs $300 – making Miraflores 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

Miraflores vs Medellin: Cost of Living - Frequently Asked Questions

Yes – Medellin 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 $1,677 per month in Miraflores and $2,462 in Medellin. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Miraflores, 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 Miraflores and $48.00 in Medellin. That's a good indicator of the overall restaurant and café pricing gap between the two cities.

Groceries cost about 47% more in Medellin, though it depends on what you buy. Local produce may be comparable; imported and premium items show the biggest price gap.

A $1,500 monthly budget goes further in Miraflores, where all-in costs run around $1,118, than in Medellin at $1,641. In Miraflores it covers expenses comfortably, while in Medellin it requires careful planning or may not stretch far enough.

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