Last update: Oct 2026

Cost of Living Comparison Between Newmarket, ON and Bogota

For one person, living is cheaper in Bogota: $1,323 a month against $2,489 in Newmarket, ON, rent and utilities included – about $14,000 less a year. Rent and utilities account for most of the difference.

121

Cost of Living Index in Newmarket, ON
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Newmarket, ON Living Index
64

Cost of Living Index in Bogota
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Bogota Living Index

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Newmarket, ON

🇨🇦 Canada

$2,489

/mo nomad

Bogota

🇨🇴 Colombia

$1,323

/mo nomad

Monthly Cost of Living

How much you'll spend in Newmarket, ON and in Bogota

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Newmarket, ON and in Bogota actually costs, broken down by who's living it.

A single person spends $2,489 per month in Newmarket, ON vs $1,323 in Bogota, rent included.

Newmarket, ON $2,489
Bogota $1,323

A couple spends around $3,526 per month in Newmarket, ON vs $2,110 in Bogota, rent included.

Newmarket, ON $3,526
Bogota $2,110

A family of three spends $4,564 per month in Newmarket, ON vs $2,897 in Bogota, rent included.

Newmarket, ON $4,564
Bogota $2,897

Newmarket, ON costs about 88% more than Bogota, and outside of rent the biggest gap is in eating out.

Newmarket, ON sits 84% above the global median, while Bogota is 2% below – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$14.25 CA$20.14

$7.65 COP 24.3K

86.27%

Three-Course Dinner for Two, Mid-Range

$61.2 CA$86.5

$41.44 COP 131.4K

47.59%

Fast Food Meal (McDonalds, etc)

$8.54 CA$12.07

$10.38 COP 32.9K

-17.73%

Cappuccino

$3.48 CA$4.92

$2.53 COP 8,011

37.55%

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

$1.76 CA$2.48

$1.35 COP 4,277

30.37%

Water (0.33 liter bottle)

$1.34 CA$1.90

$0.87 COP 2,752

54.02%

Local Beer (0.5 liter draught)

$4.84 CA$6.84

$2.06 COP 6,542

134.95%

Imported Beer (0.33 liter bottle)

$5.80 CA$8.20

$3.98 COP 12.6K

45.73%

Milk (1 liter)

$1.99 CA$2.82

$1.65 COP 5,240

20.61%

White Bread (500g)

$2.74 CA$3.87

$2.40 COP 7,618

14.17%

Rice (white) (1kg)

$4.16 CA$5.88

$1.69 COP 5,345

146.15%

Eggs

$2.78 CA$3.92

$3.54 COP 11.2K

-21.47%

Local Cheese (1kg)

$9.20 CA$13.01

$7.89 COP 25.0K

16.60%

Chicken Fillets (1kg)

$11.14 CA$15.75

$7.30 COP 23.1K

52.60%

Beef Round Steak (1kg)

$9.05 CA$12.80

$9.87 COP 31.3K

-8.31%

Apples (1kg)

$4.22 CA$5.96

$3.58 COP 11.4K

17.88%

Banana (1kg)

$1.17 CA$1.65

$1.84 COP 5,822

-36.41%

Oranges (1kg)

$2.78 CA$3.93

$1.90 COP 6,012

46.32%

Tomato (1kg)

$3.59 CA$5.08

$1.74 COP 5,517

106.32%

Potato (1kg)

$3.41 CA$4.82

$1.41 COP 4,484

141.84%

Onion (1kg)

$2.61 CA$3.69

$1.37 COP 4,332

90.51%

Lettuce (1 head)

$2.26 CA$3.19

$1.30 COP 4,131

73.85%

Water (1.5 liter bottle)

$0.44 CA$0.62

$1.15 COP 3,643

-61.74%

Cigarettes 20 Pack (Marlboro, Camel)

$14.07 CA$19.89

$4.32 COP 13.7K

225.69%

Wine (Bottle)

$10.45 CA$14.77

$12.76 COP 40.5K

-18.10%

Local Beer (0.5 liter bottle)

$3.34 CA$4.72

$1.43 COP 4,542

133.57%

Imported Beer (0.33 liter bottle)

$3.57 CA$5.05

$2.83 COP 8,986

26.15%

One-way Ticket (Public Transport)

$3.30 CA$4.66

$1.08 COP 3,434

205.56%

Public Transport Monthly Pass (Regular Price)

$117 CA$166

$50.8 COP 161.1K

131.26%

Taxi Start (Normal Tariff)

$3.46 CA$4.88

$2.38 COP 7,550

45.38%

Taxi (Normal Tariff) (1km)

$0.68 CA$0.96

$2.34 COP 7,411

-70.94%

Taxi 1hour Waiting (Normal Tariff)

$17.81 CA$25.17

$9.20 COP 29.2K

93.59%

Gasoline (1 liter)

$1.05 CA$1.48

$1.33 COP 4,213

-21.05%

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

$22.7K CA$32.1K

$23.5K COP 74.4M

-3.23%

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

$18.8K CA$26.6K

$35.6K COP 113.0M

-47.28%

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

$96.1 CA$136

$125 COP 397.8K

-23.40%

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

$36.90 CA$52.2

$16.29 COP 51.6K

126.52%

Internet (50+ Mbps, Unlimited Data)

$52.1 CA$73.7

$30.21 COP 95.8K

72.56%

Gym Membership (Monthly)

$40.06 CA$56.6

$34.11 COP 108.2K

17.44%

Tennis Court (1 Hour on Weekend)

$21.42 CA$30.28

$15.37 COP 48.7K

39.36%

Cinema Ticket

$10.43 CA$14.74

$7.84 COP 24.8K

33.04%

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

$1,177 CA$1,664

$501 COP 1.6M

134.76%

International Primary School, 1 Child (Yearly)

$7,450 COP 23.6M

Jeans (Levis 501 Or Similar)

$55.3 CA$78.2

$82.8 COP 262.6K

-33.19%

Summer Dress (H&M, Zara, etc)

$33.22 CA$46.97

$47.40 COP 150.3K

-29.92%

Sport Shoes (Adidas, Nike)

$88.9 CA$126

$142 COP 449.4K

-37.27%

Men's Leather Business Shoes

$81.6 CA$115

$106 COP 337.4K

-23.32%

1-bedroom Apartment, City Center (Monthly)

$1,556 CA$2,199

$803 COP 2.5M

93.71%

1-bedroom Apartment, Outside City Center (Monthly)

$1,442 CA$2,038

$452 COP 1.4M

219.18%

3-bedroom Apartment, City Center (Monthly)

$2,328 CA$3,292

$1,244 COP 3.9M

87.19%

3-bedroom Apartment, Outside City Center (Monthly)

$2,169 CA$3,066

$974 COP 3.1M

122.64%

Buy Apartment in City Center (m2)

$4,222 CA$5,969

$2,816 COP 8.9M

49.92%

Buy Apartment Outside City Center (m2)

$4,233 CA$5,984

$2,354 COP 7.5M

79.79%

Average Monthly Net Salary (After Tax)

$2,913 CA$4,118

$813 COP 2.6M

258.54%

20-Year Fixed Mortgage Interest Rate (Annual %)

4.53

12.81

-64.64%

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

Last update for Newmarket, ON: October 12, 2026

Last update for Bogota: October 11, 2026

Monthly budget structure

Share of the monthly basket for one person, rent included.

Accommodation & Living

Newmarket, ON

$1.4K 57.9%

Bogota

$452 34.1% 68.7% $990

Groceries & Markets

Newmarket, ON

$317 12.8%

Bogota

$261 19.7% 17.8% $56

Eating Out

Newmarket, ON

$230 9.2%

Bogota

$150 11.3% 34.7% $80

Monthly Utilities & Internet

Newmarket, ON

$185 7.4%

Bogota

$172 13% 7.1% $13

Getting Around

Newmarket, ON

$138 5.5%

Bogota

$69 5.2% 49.7% $68

Clothing & Footwear

Newmarket, ON

$117 4.7%

Bogota

$170 12.9% 46.1% $54

Sport & Entertainment

Newmarket, ON

$61 2.5%

Bogota

$50 3.8% 18.3% $11

Cost Breakdown

A central one-bedroom costs $1,556 in Newmarket, ON versus $803 in Bogota. 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 259% higher in Newmarket, ON, 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 $61.0 in Newmarket, ON versus $41.00 in Bogota. Monthly groceries follow the same trend: $317 vs $261 – making Bogota the more affordable choice for daily food spending.

Good to know

🇨🇦 Newmarket, ON

🇨🇴 Bogota

🕒 Local time

17:08 5:08 PM

16:08 4:08 PM

1 h behind Newmarket, ON

🌤 Weather

👥 Population

87,942

8,181,047 Capital

💱 Currency

Canadian Dollar CAD $

Colombian Peso COP $

📈 Exchange rate

1 CAD = 0.707 USD

1 CAD = 0.629 EUR

10,000 COP = 3.15 USD

10,000 COP = 2.81 EUR

Exchange rates and currency converter

COP, USD, EUR to CAD – Canadian Dollar Converter

🇺🇸 United States Dollar ($)

🇨🇦 Canadian Dollar ($)

Canadian Dollar exchange rates as of October 18, 2026: 1 USD = 1.41 CAD (1 CAD = 0.707 USD). 1 EUR = 1.59 CAD (1 CAD = 0.629 EUR).

Colombian Peso exchange rates as of October 18, 2026: 1 USD = 3,171 COP (10,000 COP = 3.15 USD). 1 EUR = 3,565 COP (10,000 COP = 2.81 EUR).

USD to CAD in detail →

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Between locations

Newmarket, ON Bogota 4,410 km ≈ 6 h nonstop flight

From you

Newmarket, ON
Bogota

Distances are measured in a straight line. Your location is detected approximately.

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

Newmarket, ON vs Bogota: Cost of Living - Frequently Asked Questions

Yes – Newmarket, ON is pricier by about 88%, and outside of rent the gap shows up most in eating out.

For a comfortable life, plan on about $3,733 per month in Newmarket, ON and $1,985 in Bogota. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Bogota, especially for central apartments. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

Monthly expenses with rent come to $2,489 in Newmarket, ON and $1,323 in Bogota. That's a gap of about 88%.

Public transport costs about 131% less in Bogota. For daily commuters, that gap adds up to noticeable savings over a year.

A $1,500 monthly budget goes further in Bogota, where all-in costs run around $1,323, than in Newmarket, ON at $2,489. In Bogota it covers expenses comfortably, while in Newmarket, ON it requires careful planning or may not stretch far enough.

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