Cost of Living Comparison Between Monument, CO and Medellin Cost of Living Comparison Between Monument, CO and Medellin

Monthly Cost of Living

A single person spends $2,555 per month in Monument, CO vs $1,017 in Medellin, rent included.

A couple spends around $3,729 per month in Monument, CO vs $1,602 in Medellin, rent included.

A family of three spends $4,902 per month in Monument, CO vs $2,188 in Medellin, rent included.

Monument, CO costs about 151% more than Medellin, driven mainly by Eating Out.

Monument, CO sits 90% above the global median, while Medellin is 24% below – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$20.31 $20.31

$5.95 COP 20.8K

241.34%

Three-Course Dinner for Two, Mid-Range

$72.7 $72.7

$33.33 COP 116.3K

118.15%

Fast Food Meal (McDonalds, etc)

$10.13 $10.13

$7.23 COP 25.2K

40.11%

Cappuccino

$4.97 $4.97

$1.63 COP 5,687

204.91%

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

$1.96 $1.96

$1.09 COP 3,821

79.82%

Water (0.33 liter bottle)

$2.40 $2.40

$0.73 COP 2,548

228.77%

Local Beer (0.5 liter draught)

$6.40 $6.40

$1.74 COP 6,065

267.82%

Imported Beer (0.33 liter bottle)

$6.39 $6.39

$3.23 COP 11.3K

97.83%

Milk (1 liter)

$1.03 $1.03

$1.05 COP 3,662

-1.90%

White Bread (500g)

$3.14 $3.14

$1.29 COP 4,515

143.41%

Rice (white) (1kg)

$3.33 $3.33

$1.32 COP 4,617

152.27%

Eggs

$4.18 $4.18

$2.27 COP 7,927

84.14%

Local Cheese (1kg)

$11.14 $11.14

$4.35 COP 15.2K

156.09%

Chicken Fillets (1kg)

$8.35 $8.35

$5.88 COP 20.5K

42.01%

Beef Round Steak (1kg)

$16.29 $16.29

$8.61 COP 30.0K

89.20%

Apples (1kg)

$3.96 $3.96

$2.25 COP 7,844

76.00%

Banana (1kg)

$1.56 $1.56

$1.07 COP 3,733

45.79%

Oranges (1kg)

$3.83 $3.83

$1.52 COP 5,322

151.97%

Tomato (1kg)

$4.71 $4.71

$1.42 COP 4,964

231.69%

Potato (1kg)

$2.27 $2.27

$1.17 COP 4,084

94.02%

Onion (1kg)

$1.94 $1.94

$1.17 COP 4,077

65.81%

Lettuce (1 head)

$2.35 $2.35

$0.89 COP 3,096

164.04%

Water (1.5 liter bottle)

$2.04 $2.04

$0.90 COP 3,146

126.67%

Cigarettes 20 Pack (Marlboro, Camel)

$9.72 $9.72

$2.25 COP 7,837

332.00%

Wine (Bottle)

$18.83 $18.83

$11.04 COP 38.5K

70.56%

Local Beer (0.5 liter bottle)

$2.31 $2.31

$1.14 COP 3,977

102.63%

Imported Beer (0.33 liter bottle)

$2.78 $2.78

$2.38 COP 8,301

16.81%

One-way Ticket (Public Transport)

$1.98 $1.98

$0.84 COP 2,916

135.71%

Public Transport Monthly Pass (Regular Price)

$41.95 COP 146.4K

Taxi Start (Normal Tariff)

$2.44 $2.44

$1.41 COP 4,912

73.05%

Taxi (Normal Tariff) (1km)

$1.36 $1.36

$1.90 COP 6,634

-28.42%

Taxi 1hour Waiting (Normal Tariff)

$24.53 $24.53

$7.75 COP 27.0K

216.52%

Gasoline (1 liter)

$0.85 $0.85

$1.01 COP 3,509

-15.84%

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

$26.8K $26.8K

$17.6K COP 61.4M

52.69%

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

$25.4K $25.4K

$26.5K COP 92.5M

-4.17%

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

$166 $166

$83.7 COP 292.1K

97.79%

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

$43.32 $43.32

$9.45 COP 33.0K

358.41%

Internet (50+ Mbps, Unlimited Data)

$77.7 $77.7

$24.11 COP 84.1K

222.44%

Gym Membership (Monthly)

$43.08 $43.08

$25.31 COP 88.3K

70.21%

Tennis Court (1 Hour on Weekend)

$19.14 COP 66.8K

Cinema Ticket

$12.16 $12.16

$4.10 COP 14.3K

196.59%

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

$1,508 $1,508

$312 COP 1.1M

383.50%

International Primary School, 1 Child (Yearly)

$12.4K $12.4K

$5,993 COP 20.9M

106.39%

Jeans (Levis 501 Or Similar)

$58.8 $58.8

$58.0 COP 202.6K

1.34%

Summer Dress (H&M, Zara, etc)

$36.88 $36.88

$32.56 COP 113.6K

13.27%

Sport Shoes (Adidas, Nike)

$81.3 $81.3

$99.6 COP 347.7K

-18.37%

Men's Leather Business Shoes

$102 $102

$109 COP 378.8K

-5.62%

1-bedroom Apartment, City Center (Monthly)

$1,628 $1,628

$482 COP 1.7M

237.58%

1-bedroom Apartment, Outside City Center (Monthly)

$1,337 $1,337

$379 COP 1.3M

252.38%

3-bedroom Apartment, City Center (Monthly)

$2,588 $2,588

$837 COP 2.9M

208.98%

3-bedroom Apartment, Outside City Center (Monthly)

$2,198 $2,198

$723 COP 2.5M

203.97%

Buy Apartment in City Center (m2)

$2,639 $2,639

$2,840 COP 9.9M

-7.07%

Buy Apartment Outside City Center (m2)

$2,325 $2,325

$1,223 COP 4.3M

90.11%

Average Monthly Net Salary (After Tax)

$541 COP 1.9M

20-Year Fixed Mortgage Interest Rate (Annual %)

6.59

13.43

-50.93%

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

Last update for Monument, CO: June 8, 2026

Last update for Medellin: June 8, 2026

Cost Breakdown

A central one-bedroom costs $1,628 in Monument, CO versus $482 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 $73.0 in Monument, CO versus $33.00 in Medellin. Monthly groceries follow the same trend: $363 vs $190 – 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

Monument, CO vs Medellin: Cost of Living - Frequently Asked Questions

Yes – Monument, CO is pricier by about 151%, and the gap shows up most in Eating Out. It's not just housing either; the difference applies across most spending categories.

For a comfortable life, plan on about $3,833 per month in Monument, CO and $1,525 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 $73.0 in Monument, CO and $33.00 in Medellin. That's a good indicator of the overall restaurant and café pricing gap between the two cities.

Groceries cost about 91% more in Monument, CO, 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 Medellin, where all-in costs run around $1,017, than in Monument, CO at $2,555. In Medellin it covers expenses comfortably, while in Monument, CO 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, Monument, CO makes more sense. Both are solid long-term options with distinct trade-offs.