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

Monthly Cost of Living

A single person spends $1,062 per month in Miraflores vs $1,003 in Medellin, rent included.

A couple spends around $1,177 per month in Miraflores vs $1,573 in Medellin, rent included.

A family of three spends $1,293 per month in Miraflores vs $2,143 in Medellin, rent included.

Miraflores costs about 6% more than Medellin, driven mainly by Getting Around.

Both Miraflores and Medellin are more affordable than the global median – Miraflores 20% lower, Medellin 25% lower.

Meal at Budget Restaurant

$4.20 PEN 14.28

$5.91 COP 18.9K

-28.93%

Three-Course Dinner for Two, Mid-Range

$33.32 PEN 113

$32.96 COP 105.2K

1.09%

Fast Food Meal (McDonalds, etc)

$4.87 PEN 16.58

$7.43 COP 23.7K

-34.45%

Cappuccino

$2.66 PEN 9.05

$1.65 COP 5,276

61.21%

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

$0.98 PEN 3.35

$1.10 COP 3,514

-10.91%

Water (0.33 liter bottle)

$0.62 PEN 2.10

$0.78 COP 2,491

-20.51%

Local Beer (0.5 liter draught)

$2.20 PEN 7.49

$1.72 COP 5,484

27.91%

Imported Beer (0.33 liter bottle)

$3.92 PEN 13.34

$3.18 COP 10.1K

23.27%

Milk (1 liter)

$1.28 PEN 4.36

$1.10 COP 3,521

16.36%

White Bread (500g)

$1.09 PEN 3.71

$1.26 COP 4,015

-13.49%

Rice (white) (1kg)

$1.37 PEN 4.65

$1.38 COP 4,407

-0.72%

Eggs

$2.88 PEN 9.80

$2.18 COP 6,950

32.11%

Local Cheese (1kg)

$7.84 PEN 26.66

$4.49 COP 14.3K

74.61%

Chicken Fillets (1kg)

$5.73 PEN 19.48

$5.79 COP 18.5K

-1.04%

Beef Round Steak (1kg)

$8.54 PEN 29.05

$8.97 COP 28.6K

-4.79%

Apples (1kg)

$2.04 PEN 6.95

$2.32 COP 7,405

-12.07%

Banana (1kg)

$1.07 PEN 3.64

$1.06 COP 3,397

0.94%

Oranges (1kg)

$1.15 PEN 3.90

$1.52 COP 4,838

-24.34%

Tomato (1kg)

$1.08 PEN 3.68

$1.36 COP 4,327

-20.59%

Potato (1kg)

$0.99 PEN 3.37

$1.13 COP 3,599

-12.39%

Onion (1kg)

$0.79 PEN 2.70

$1.17 COP 3,738

-32.48%

Lettuce (1 head)

$0.86 PEN 2.92

$0.90 COP 2,876

-4.44%

Water (1.5 liter bottle)

$0.54 PEN 1.85

$0.90 COP 2,861

-40.00%

Cigarettes 20 Pack (Marlboro, Camel)

$5.41 PEN 18.41

$2.23 COP 7,128

142.60%

Wine (Bottle)

$8.64 PEN 29.40

$12.12 COP 38.7K

-28.71%

Local Beer (0.5 liter bottle)

$1.65 PEN 5.60

$1.19 COP 3,793

38.66%

Imported Beer (0.33 liter bottle)

$2.70 PEN 9.17

$2.48 COP 7,920

8.87%

One-way Ticket (Public Transport)

$0.27 PEN 0.91

$0.85 COP 2,723

-68.24%

Public Transport Monthly Pass (Regular Price)

$41.62 COP 132.8K

Taxi Start (Normal Tariff)

$3.30 PEN 11.22

$1.42 COP 4,518

132.39%

Taxi (Normal Tariff) (1km)

$2.15 PEN 7.31

$1.95 COP 6,223

10.26%

Taxi 1hour Waiting (Normal Tariff)

$8.46 PEN 28.78

$7.89 COP 25.2K

7.22%

Gasoline (1 liter)

$1.27 PEN 4.33

$0.99 COP 3,160

28.28%

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

$19.4K PEN 66.0K

$17.6K COP 56.2M

10.22%

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

$24.2K PEN 82.4K

$26.8K COP 85.5M

-9.61%

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

$55.3 PEN 188

$83.0 COP 264.9K

-33.35%

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

$8.15 PEN 27.70

$9.70 COP 30.9K

-15.98%

Internet (50+ Mbps, Unlimited Data)

$24.14 PEN 82.1

$23.52 COP 75.0K

2.64%

Gym Membership (Monthly)

$33.26 PEN 113

$25.26 COP 80.6K

31.67%

Tennis Court (1 Hour on Weekend)

$19.10 COP 60.9K

Cinema Ticket

$6.91 PEN 23.48

$3.95 COP 12.6K

74.94%

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

$219 PEN 745

$316 COP 1.0M

-30.61%

International Primary School, 1 Child (Yearly)

$8,007 PEN 27.2K

$5,975 COP 19.1M

34.01%

Jeans (Levis 501 Or Similar)

$49.86 PEN 170

$60.0 COP 191.4K

-16.90%

Summer Dress (H&M, Zara, etc)

$35.77 PEN 122

$31.82 COP 101.5K

12.41%

Sport Shoes (Adidas, Nike)

$90.7 PEN 308

$102 COP 324.4K

-10.78%

Men's Leather Business Shoes

$82.0 PEN 279

$107 COP 342.8K

-23.69%

1-bedroom Apartment, City Center (Monthly)

$658 PEN 2,239

$475 COP 1.5M

38.60%

1-bedroom Apartment, Outside City Center (Monthly)

$501 PEN 1,705

$374 COP 1.2M

34.03%

3-bedroom Apartment, City Center (Monthly)

$1,602 PEN 5,448

$849 COP 2.7M

88.67%

3-bedroom Apartment, Outside City Center (Monthly)

$719 COP 2.3M

Buy Apartment in City Center (m2)

$2,518 PEN 8,563

$3,265 COP 10.4M

-22.89%

Buy Apartment Outside City Center (m2)

$1,441 COP 4.6M

Average Monthly Net Salary (After Tax)

$624 COP 2.0M

20-Year Fixed Mortgage Interest Rate (Annual %)

10.11

13.43

-24.72%

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

Last update for Miraflores: July 28, 2026

Last update for Medellin: July 27, 2026

Cost Breakdown

A central one-bedroom costs $658 in Miraflores versus $475 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 $33.00 in Medellin. Monthly groceries follow the same trend: $191 vs $193 – 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 – Miraflores is pricier by about 6%, and the gap shows up most in Getting Around. It's not just housing either; the difference applies across most spending categories.

For a comfortable life, plan on about $1,593 per month in Miraflores and $1,504 in Medellin. 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 Miraflores and $33.00 in Medellin. That's a good indicator of the overall restaurant and café pricing gap between the two cities.

Interestingly, groceries are about 1% cheaper in Miraflores – one category where the pricier city actually offers better value, probably thanks to stronger retail competition or local farming.

A $1,500 monthly budget goes further in Medellin, where all-in costs run around $1,003, than in Miraflores at $1,062. In Medellin it covers expenses comfortably, while in Miraflores 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, Miraflores makes more sense. Both are solid long-term options with distinct trade-offs.