Cost of Living Comparison Between New York, NY and Medellin Cost of Living Comparison Between New York, NY and Medellin

Monthly Cost of Living

A single person spends $4,852 per month in New York, NY vs $1,641 in Medellin, rent included.

A couple spends around $7,370 per month in New York, NY vs $2,447 in Medellin, rent included.

A family of three spends $9,889 per month in New York, NY vs $3,253 in Medellin, rent included.

New York, NY costs about 196% more than Medellin, driven mainly by Eating Out.

Both New York, NY and Medellin sit above the global median – New York, NY by 252%, Medellin by 19%.

Meal at Budget Restaurant

$25.42 $25.42

$8.04 COP 24.8K

216.17%

Three-Course Dinner for Two, Mid-Range

$142 $142

$48.29 COP 148.6K

193.19%

Fast Food Meal (McDonalds, etc)

$13.97 $13.97

$9.42 COP 29.0K

48.30%

Cappuccino

$6.42 $6.42

$2.94 COP 9,040

118.37%

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

$3.91 $3.91

$1.86 COP 5,735

110.22%

Water (0.33 liter bottle)

$2.96 $2.96

$1.46 COP 4,479

102.74%

Local Beer (0.5 liter draught)

$7.83 $7.83

$3.21 COP 9,882

143.93%

Imported Beer (0.33 liter bottle)

$9.86 $9.86

$5.71 COP 17.6K

72.68%

Milk (1 liter)

$1.33 $1.33

$1.44 COP 4,428

-7.64%

White Bread (500g)

$4.73 $4.73

$2.40 COP 7,389

97.08%

Rice (white) (1kg)

$6.89 $6.89

$1.70 COP 5,228

305.29%

Eggs

$5.63 $5.63

$2.89 COP 8,896

94.81%

Local Cheese (1kg)

$17.39 $17.39

$10.06 COP 30.9K

72.86%

Chicken Fillets (1kg)

$15.02 $15.02

$9.97 COP 30.7K

50.65%

Beef Round Steak (1kg)

$17.97 $17.97

$14.20 COP 43.7K

26.55%

Apples (1kg)

$6.02 $6.02

$3.98 COP 12.3K

51.26%

Banana (1kg)

$2.15 $2.15

$1.58 COP 4,878

36.08%

Oranges (1kg)

$5.89 $5.89

$2.15 COP 6,624

173.95%

Tomato (1kg)

$6.21 $6.21

$2.30 COP 7,078

170.00%

Potato (1kg)

$3.40 $3.40

$2.00 COP 6,169

70.00%

Onion (1kg)

$4.26 $4.26

$1.51 COP 4,646

182.12%

Lettuce (1 head)

$2.67 $2.67

$1.20 COP 3,701

122.50%

Water (1.5 liter bottle)

$2.43 $2.43

$1.28 COP 3,946

89.84%

Cigarettes 20 Pack (Marlboro, Camel)

$18.70 $18.70

$3.84 COP 11.8K

386.98%

Wine (Bottle)

$19.72 $19.72

$14.01 COP 43.1K

40.76%

Local Beer (0.5 liter bottle)

$3.24 $3.24

$1.71 COP 5,256

89.47%

Imported Beer (0.33 liter bottle)

$3.91 $3.91

$2.74 COP 8,440

42.70%

One-way Ticket (Public Transport)

$2.95 $2.95

$1.25 COP 3,834

136.00%

Public Transport Monthly Pass (Regular Price)

$139 $139

$77.9 COP 239.7K

78.28%

Taxi Start (Normal Tariff)

$3.03 $3.03

$1.31 COP 4,016

131.30%

Taxi (Normal Tariff) (1km)

$2.22 $2.22

$2.17 COP 6,680

2.30%

Taxi 1hour Waiting (Normal Tariff)

$41.33 $41.33

$8.29 COP 25.5K

398.55%

Gasoline (1 liter)

$1.08 $1.08

$1.36 COP 4,172

-20.59%

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

$35.3K $35.3K

$27.5K COP 84.5M

28.52%

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

$25.0K $25.0K

$36.5K COP 112.4M

-31.52%

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

$236 $236

$169 COP 519.2K

40.01%

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

$73.5 $73.5

$13.57 COP 41.8K

441.34%

Internet (50+ Mbps, Unlimited Data)

$76.1 $76.1

$28.32 COP 87.2K

168.68%

Gym Membership (Monthly)

$128 $128

$45.71 COP 140.7K

180.53%

Tennis Court (1 Hour on Weekend)

$63.5 $63.5

$17.22 COP 53.0K

268.52%

Cinema Ticket

$23.19 $23.19

$6.65 COP 20.5K

248.72%

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

$3,340 $3,340

$803 COP 2.5M

315.78%

International Primary School, 1 Child (Yearly)

$59.9K $59.9K

$9,190 COP 28.3M

552.05%

Jeans (Levis 501 Or Similar)

$72.8 $72.8

$87.4 COP 268.8K

-16.69%

Summer Dress (H&M, Zara, etc)

$54.1 $54.1

$59.4 COP 182.7K

-8.84%

Sport Shoes (Adidas, Nike)

$119 $119

$139 COP 427.5K

-14.44%

Men's Leather Business Shoes

$126 $126

$102 COP 314.0K

23.05%

1-bedroom Apartment, City Center (Monthly)

$4,467 $4,467

$1,071 COP 3.3M

317.17%

1-bedroom Apartment, Outside City Center (Monthly)

$2,988 $2,988

$653 COP 2.0M

357.56%

3-bedroom Apartment, City Center (Monthly)

$9,222 $9,222

$1,925 COP 5.9M

379.13%

3-bedroom Apartment, Outside City Center (Monthly)

$5,537 $5,537

$1,048 COP 3.2M

428.36%

Buy Apartment in City Center (m2)

$18.9K $18.9K

$4,123 COP 12.7M

357.97%

Buy Apartment Outside City Center (m2)

$6,621 $6,621

$1,697 COP 5.2M

290.03%

Average Monthly Net Salary (After Tax)

$5,327 $5,327

$655 COP 2.0M

713.26%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.49

10.94

-40.68%

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

Last update for New York, NY: September 7, 2026

Last update for Medellin: September 7, 2026

Cost Breakdown

A central one-bedroom costs $4,467 in New York, NY 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.

Salaries run about 713% higher in New York, NY, 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 $142 in New York, NY versus $48.00 in Medellin. Monthly groceries follow the same trend: $512 vs $300 – 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

New York, NY vs Medellin: Cost of Living - Frequently Asked Questions

Yes – New York, NY is pricier by about 196%, 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 $7,278 per month in New York, NY 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 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 $142 in New York, NY 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 $4,852 in New York, NY and $1,641 in Medellin. The difference isn't just one category – it shows up across housing, food, transport, and services.

A $2,500 monthly budget goes further in Medellin, where all-in costs run around $1,641, than in New York, NY at $4,852. In Medellin it covers expenses comfortably, while in New York, NY 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, New York, NY makes more sense. Both are solid long-term options with distinct trade-offs.