Last update: Oct 2026

Cost of Living Comparison Between Palma de Mallorca and Medellin

For one person, living is cheaper in Medellin: $1,614 a month against $2,216 in Palma de Mallorca, rent and utilities included – about $7,200 less a year. Rent and utilities account for most of the difference.

108

Cost of Living Index in Palma de Mallorca
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Palma de Mallorca Living Index
79

Cost of Living Index in Medellin
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Medellin Living Index

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Palma de Mallorca

🇪🇸 Spain

$2,216

/mo nomad

Medellin

🇨🇴 Colombia

$1,614

/mo nomad

Monthly Cost of Living

How much you'll spend in Palma de Mallorca and in Medellin

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

A single person spends $2,216 per month in Palma de Mallorca vs $1,614 in Medellin, rent included.

Palma de Mallorca $2,216
Medellin $1,614

A couple spends around $3,278 per month in Palma de Mallorca vs $2,402 in Medellin, rent included.

Palma de Mallorca $3,278
Medellin $2,402

A family of three spends $4,341 per month in Palma de Mallorca vs $3,190 in Medellin, rent included.

Palma de Mallorca $4,341
Medellin $3,190

Palma de Mallorca costs about 37% more than Medellin, and outside of rent the biggest gap is in eating out.

Both Palma de Mallorca and Medellin sit above the global median – Palma de Mallorca by 64%, Medellin by 20%.

Meal at Budget Restaurant

$18.70 €16.63

$7.93 COP 25.2K

135.81%

Three-Course Dinner for Two, Mid-Range

$66.8 €59.4

$46.13 COP 146.3K

44.85%

Fast Food Meal (McDonalds, etc)

$13.49 €12.00

$9.50 COP 30.1K

42.00%

Cappuccino

$3.16 €2.81

$3.11 COP 9,866

1.61%

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

$2.59 €2.31

$1.83 COP 5,800

41.53%

Water (0.33 liter bottle)

$2.64 €2.34

$1.38 COP 4,360

91.30%

Local Beer (0.5 liter draught)

$4.58 €4.07

$3.05 COP 9,672

50.16%

Imported Beer (0.33 liter bottle)

$3.86 €3.43

$5.50 COP 17.4K

-29.82%

Milk (1 liter)

$1.36 €1.21

$1.45 COP 4,600

-6.21%

White Bread (500g)

$1.13 €1.00

$2.36 COP 7,496

-52.12%

Rice (white) (1kg)

$1.61 €1.43

$1.68 COP 5,328

-4.17%

Eggs

$3.42 €3.04

$2.86 COP 9,077

19.58%

Local Cheese (1kg)

$14.75 €13.11

$10.19 COP 32.3K

44.75%

Chicken Fillets (1kg)

$8.66 €7.71

$9.53 COP 30.2K

-9.13%

Beef Round Steak (1kg)

$16.05 €14.28

$14.04 COP 44.5K

14.32%

Apples (1kg)

$2.52 €2.24

$4.07 COP 12.9K

-38.08%

Banana (1kg)

$2.02 €1.80

$1.50 COP 4,742

34.67%

Oranges (1kg)

$1.67 €1.49

$2.17 COP 6,891

-23.04%

Tomato (1kg)

$2.81 €2.50

$2.31 COP 7,310

21.65%

Potato (1kg)

$1.91 €1.69

$1.93 COP 6,113

-1.04%

Onion (1kg)

$2.15 €1.92

$1.64 COP 5,196

31.10%

Lettuce (1 head)

$1.29 €1.15

$1.13 COP 3,571

14.16%

Water (1.5 liter bottle)

$0.69 €0.61

$1.25 COP 3,954

-44.80%

Cigarettes 20 Pack (Marlboro, Camel)

$6.75 €6.00

$3.99 COP 12.6K

69.17%

Wine (Bottle)

$5.66 €5.04

$13.35 COP 42.3K

-57.60%

Local Beer (0.5 liter bottle)

$1.37 €1.22

$1.70 COP 5,384

-19.41%

Imported Beer (0.33 liter bottle)

$1.95 €1.73

$2.37 COP 7,525

-17.72%

One-way Ticket (Public Transport)

$2.20 €1.95

$1.21 COP 3,827

81.82%

Public Transport Monthly Pass (Regular Price)

$41.00 €36.46

$76.5 COP 242.5K

-46.40%

Taxi Start (Normal Tariff)

$5.02 €4.46

$1.32 COP 4,179

280.30%

Taxi (Normal Tariff) (1km)

$1.31 €1.16

$2.14 COP 6,774

-38.79%

Taxi 1hour Waiting (Normal Tariff)

$24.14 €21.47

$8.47 COP 26.8K

185.01%

Gasoline (1 liter)

$1.80 €1.60

$1.30 COP 4,114

38.46%

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

$34.9K €31.1K

$28.0K COP 88.7M

24.84%

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

$31.0K €27.6K

$35.4K COP 112.3M

-12.46%

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

$250 €222

$172 COP 545.6K

45.07%

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

$23.67 €21.05

$13.37 COP 42.4K

77.04%

Internet (50+ Mbps, Unlimited Data)

$42.21 €37.54

$28.73 COP 91.1K

46.92%

Gym Membership (Monthly)

$61.1 €54.4

$45.24 COP 143.5K

35.10%

Tennis Court (1 Hour on Weekend)

$27.31 €24.29

$17.04 COP 54.0K

60.27%

Cinema Ticket

$9.56 €8.50

$6.28 COP 19.9K

52.23%

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

$604 €537

$770 COP 2.4M

-21.62%

International Primary School, 1 Child (Yearly)

$10.3K €9,179

$9,011 COP 28.6M

14.53%

Jeans (Levis 501 Or Similar)

$72.1 €64.1

$86.4 COP 274.0K

-16.56%

Summer Dress (H&M, Zara, etc)

$54.1 €48.11

$57.1 COP 181.1K

-5.32%

Sport Shoes (Adidas, Nike)

$97.3 €86.6

$137 COP 432.9K

-28.71%

Men's Leather Business Shoes

$131 €117

$97.9 COP 310.4K

34.17%

1-bedroom Apartment, City Center (Monthly)

$1,494 €1,328

$1,055 COP 3.3M

41.56%

1-bedroom Apartment, Outside City Center (Monthly)

$1,048 €932

$616 COP 2.0M

70.15%

3-bedroom Apartment, City Center (Monthly)

$2,340 €2,082

$1,892 COP 6.0M

23.68%

3-bedroom Apartment, Outside City Center (Monthly)

$1,787 €1,589

$1,023 COP 3.2M

74.71%

Buy Apartment in City Center (m2)

$6,823 €6,068

$4,059 COP 12.9M

68.10%

Buy Apartment Outside City Center (m2)

$3,787 €3,368

$1,678 COP 5.3M

125.62%

Average Monthly Net Salary (After Tax)

$2,046 €1,820

$652 COP 2.1M

213.64%

20-Year Fixed Mortgage Interest Rate (Annual %)

3.07

10.94

-71.94%

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

Last update for Palma de Mallorca: October 11, 2026

Last update for Medellin: October 12, 2026

Monthly budget structure

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

Accommodation & Living

Palma de Mallorca

$1K 47.3%

Medellin

$616 38.2% 41.2% $432

Monthly Utilities & Internet

Palma de Mallorca

$316 14.2%

Medellin

$214 13.3% 32.1% $101

Eating Out

Palma de Mallorca

$280 12.6%

Medellin

$168 10.4% 39.8% $111

Groceries & Markets

Palma de Mallorca

$272 12.3%

Medellin

$295 18.3% 8.5% $23

Clothing & Footwear

Palma de Mallorca

$160 7.2%

Medellin

$170 10.5% 6.5% $10

Sport & Entertainment

Palma de Mallorca

$80 3.6%

Medellin

$58 3.6% 28% $22

Getting Around

Palma de Mallorca

$61 2.8%

Medellin

$93 5.8% 52.1% $32

Cost Breakdown

A central one-bedroom costs $1,494 in Palma de Mallorca versus $1,055 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 214% higher in Palma de Mallorca, 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 $67.0 in Palma de Mallorca versus $46.00 in Medellin. Groceries tell a different story – $272 in Palma de Mallorca vs $295 in Medellin – so Palma de Mallorca wins on supermarket bills even if dining out costs more.

Good to know

🇪🇸 Palma de Mallorca

🇨🇴 Medellin

🕒 Local time

18:54 6:54 PM

11:54 11:54 AM

7 h behind Palma de Mallorca

🌤 Weather

👥 Population

423,350

2,486,723

💱 Currency

Euro EUR €

Colombian Peso COP $

📈 Exchange rate

1 EUR = 1.12 USD

10,000 COP = 3.15 USD

10,000 COP = 2.81 EUR

Exchange rates and currency converter

COP, USD to EUR – Euro Converter

🇺🇸 United States Dollar ($)

🇪🇺 Euro (€)

Euro exchange rates as of October 17, 2026: 1 USD = 0.889 EUR (1 EUR = 1.12 USD).

Colombian Peso exchange rates as of October 17, 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 EUR in detail →

On the map

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Between locations

Palma de Mallorca Medellin 8,560 km ≈ 11 h nonstop flight

From you

Palma de Mallorca
Medellin

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

Palma de Mallorca vs Medellin: Cost of Living - Frequently Asked Questions

Yes – Palma de Mallorca is pricier by about 37%, and outside of rent the gap shows up most in eating out.

For a comfortable life, plan on about $3,324 per month in Palma de Mallorca and $2,421 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 $67.0 in Palma de Mallorca and $46.00 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 $2,216 in Palma de Mallorca and $1,614 in Medellin. That's a gap of about 37%.

A $2,500 monthly budget goes further in Medellin, where all-in costs run around $1,614, than in Palma de Mallorca at $2,216. In Medellin it covers expenses comfortably, while in Palma de Mallorca 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, Palma de Mallorca makes more sense. Both are solid long-term options with distinct trade-offs.