Cost of Living Comparison Between Mykonos and Medellin Cost of Living Comparison Between Mykonos and Medellin

Monthly Cost of Living

A single person spends $1,534 per month in Mykonos vs $1,716 in Medellin, rent included.

A couple spends around $2,338 per month in Mykonos vs $2,527 in Medellin, rent included.

A family of three spends $3,142 per month in Mykonos vs $3,338 in Medellin, rent included.

Mykonos is about 11% cheaper than Medellin, driven mainly by Eating Out.

Both Mykonos and Medellin sit above the global median – Mykonos by 12%, Medellin by 25%.

Meal at Budget Restaurant

$14.91 €12.86

$8.03 COP 25.3K

85.68%

Three-Course Dinner for Two, Mid-Range

$58.6 €50.5

$48.26 COP 152.3K

21.34%

Fast Food Meal (McDonalds, etc)

$8.47 €7.31

$9.77 COP 30.8K

-13.31%

Cappuccino

$4.21 €3.63

$2.91 COP 9,185

44.67%

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

$2.44 €2.10

$1.94 COP 6,134

25.77%

Water (0.33 liter bottle)

$0.74 €0.64

$1.52 COP 4,801

-51.32%

Local Beer (0.5 liter draught)

$4.76 €4.11

$3.09 COP 9,759

54.05%

Imported Beer (0.33 liter bottle)

$5.54 €4.77

$5.74 COP 18.1K

-3.48%

Milk (1 liter)

$1.78 €1.53

$1.36 COP 4,304

30.88%

White Bread (500g)

$1.51 €1.30

$2.39 COP 7,534

-36.82%

Rice (white) (1kg)

$1.72 €1.48

$1.70 COP 5,366

1.18%

Eggs

$4.49 €3.87

$2.87 COP 9,056

56.45%

Local Cheese (1kg)

$16.25 €14.01

$9.94 COP 31.4K

63.48%

Chicken Fillets (1kg)

$11.17 €9.64

$10.78 COP 34.0K

3.62%

Beef Round Steak (1kg)

$15.81 €13.64

$14.73 COP 46.5K

7.33%

Apples (1kg)

$2.34 €2.02

$4.09 COP 12.9K

-42.79%

Banana (1kg)

$2.15 €1.85

$1.57 COP 4,960

36.94%

Oranges (1kg)

$1.46 €1.26

$2.13 COP 6,708

-31.46%

Tomato (1kg)

$1.97 €1.70

$2.21 COP 6,985

-10.86%

Potato (1kg)

$1.28 €1.11

$2.05 COP 6,460

-37.56%

Onion (1kg)

$1.31 €1.13

$1.50 COP 4,747

-12.67%

Lettuce (1 head)

$0.92 €0.79

$1.19 COP 3,755

-22.69%

Water (1.5 liter bottle)

$0.74 €0.64

$1.16 COP 3,654

-36.21%

Cigarettes 20 Pack (Marlboro, Camel)

$5.14 €4.44

$3.90 COP 12.3K

31.79%

Wine (Bottle)

$7.70 €6.64

$14.44 COP 45.6K

-46.68%

Local Beer (0.5 liter bottle)

$2.06 €1.78

$1.58 COP 4,997

30.38%

Imported Beer (0.33 liter bottle)

$2.94 €2.53

$2.83 COP 8,923

3.89%

One-way Ticket (Public Transport)

$1.35 €1.16

$1.17 COP 3,686

15.38%

Public Transport Monthly Pass (Regular Price)

$53.4 €46.07

$77.7 COP 245.3K

-31.29%

Taxi Start (Normal Tariff)

$4.63 €3.99

$1.28 COP 4,054

261.72%

Taxi (Normal Tariff) (1km)

$1.17 €1.01

$2.09 COP 6,602

-44.02%

Taxi 1hour Waiting (Normal Tariff)

$11.80 €10.18

$8.62 COP 27.2K

36.89%

Gasoline (1 liter)

$2.16 €1.87

$1.30 COP 4,096

66.15%

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

$29.5K €25.5K

$27.7K COP 87.3M

6.83%

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

$25.8K €22.3K

$35.5K COP 112.0M

-27.27%

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

$199 €172

$176 COP 555.6K

13.09%

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

$32.21 €27.78

$13.37 COP 42.2K

140.91%

Internet (50+ Mbps, Unlimited Data)

$39.21 €33.82

$29.89 COP 94.3K

31.18%

Gym Membership (Monthly)

$51.4 €44.32

$44.76 COP 141.2K

14.81%

Tennis Court (1 Hour on Weekend)

$28.98 €24.99

$17.06 COP 53.8K

69.87%

Cinema Ticket

$9.14 €7.88

$6.20 COP 19.6K

47.42%

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

$419 €361

$793 COP 2.5M

-47.21%

International Primary School, 1 Child (Yearly)

$4,156 €3,584

$9,019 COP 28.5M

-53.92%

Jeans (Levis 501 Or Similar)

$86.1 €74.3

$85.6 COP 270.1K

0.62%

Summer Dress (H&M, Zara, etc)

$45.19 €38.98

$58.5 COP 184.5K

-22.71%

Sport Shoes (Adidas, Nike)

$87.8 €75.7

$136 COP 430.1K

-35.58%

Men's Leather Business Shoes

$141 €122

$103 COP 325.4K

37.02%

1-bedroom Apartment, City Center (Monthly)

$500 €431

$1,060 COP 3.3M

-52.86%

1-bedroom Apartment, Outside City Center (Monthly)

$412 €356

$680 COP 2.1M

-39.34%

3-bedroom Apartment, City Center (Monthly)

$720 €621

$2,012 COP 6.3M

-64.23%

3-bedroom Apartment, Outside City Center (Monthly)

$759 €654

$1,169 COP 3.7M

-35.09%

Buy Apartment in City Center (m2)

$3,223 €2,780

$4,111 COP 13.0M

-21.61%

Buy Apartment Outside City Center (m2)

$2,595 €2,238

$1,701 COP 5.4M

52.51%

Average Monthly Net Salary (After Tax)

$1,677 €1,446

$665 COP 2.1M

152.08%

20-Year Fixed Mortgage Interest Rate (Annual %)

4.44

10.94

-59.41%

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

Last update for Mykonos: August 30, 2026

Last update for Medellin: August 30, 2026

Cost Breakdown

A central one-bedroom costs $500 in Mykonos versus $1,060 in Medellin. 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 152% higher in Mykonos, which reinforces the cost advantage – you earn more and spend less. Purchasing power leans clearly in its favor.

A mid-range dinner for two costs $59.0 in Mykonos versus $48.00 in Medellin. Groceries tell a different story – $301 in Mykonos vs $303 in Medellin – so Mykonos wins on supermarket bills even if dining out costs more.

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

Mykonos vs Medellin: Cost of Living - Frequently Asked Questions

Yes – Medellin is pricier by about 12%, 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 $2,301 per month in Mykonos and $2,574 in Medellin. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Mykonos, 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 $59.0 in Mykonos and $48.00 in Medellin. That's a good indicator of the overall restaurant and café pricing gap between the two cities.

Monthly expenses with rent come to $1,534 in Mykonos and $1,716 in Medellin. The difference isn't just one category – it shows up across housing, food, transport, and services.

A $2,000 monthly budget goes further in Mykonos, where all-in costs run around $1,534, than in Medellin at $1,716. In Mykonos it covers expenses comfortably, while in Medellin it requires careful planning or may not stretch far enough.

Families tend to lean toward Mykonos – 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 Mykonos. 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.