Cost of Living Comparison Between Palmetto, FL and Medellin Cost of Living Comparison Between Palmetto, FL and Medellin

Monthly Cost of Living

A single person spends $2,609 per month in Palmetto, FL vs $1,030 in Medellin, rent included.

A couple spends around $3,868 per month in Palmetto, FL vs $1,586 in Medellin, rent included.

A family of three spends $5,128 per month in Palmetto, FL vs $2,143 in Medellin, rent included.

Palmetto, FL costs about 153% more than Medellin, driven mainly by Groceries & Markets.

Palmetto, FL sits 95% above the global median, while Medellin is 23% below – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$19.92 $19.92

$5.92 COP 21.2K

236.49%

Three-Course Dinner for Two, Mid-Range

$78.4 $78.4

$33.17 COP 118.7K

136.42%

Fast Food Meal (McDonalds, etc)

$10.10 $10.10

$7.25 COP 25.9K

39.31%

Cappuccino

$5.17 $5.17

$1.71 COP 6,137

202.34%

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

$2.93 $2.93

$1.09 COP 3,915

168.81%

Water (0.33 liter bottle)

$2.30 $2.30

$0.77 COP 2,743

198.70%

Local Beer (0.5 liter draught)

$6.01 $6.01

$1.75 COP 6,254

243.43%

Imported Beer (0.33 liter bottle)

$6.83 $6.83

$3.18 COP 11.4K

114.78%

Milk (1 liter)

$1.14 $1.14

$1.06 COP 3,792

7.55%

White Bread (500g)

$3.74 $3.74

$1.30 COP 4,657

187.69%

Rice (white) (1kg)

$4.33 $4.33

$1.38 COP 4,926

213.77%

Eggs

$4.32 $4.32

$2.21 COP 7,908

95.48%

Local Cheese (1kg)

$11.51 $11.51

$4.52 COP 16.2K

154.65%

Chicken Fillets (1kg)

$15.24 $15.24

$5.80 COP 20.7K

162.76%

Beef Round Steak (1kg)

$16.84 $16.84

$8.97 COP 32.1K

87.74%

Apples (1kg)

$5.67 $5.67

$2.29 COP 8,182

147.60%

Banana (1kg)

$1.95 $1.95

$1.06 COP 3,791

83.96%

Oranges (1kg)

$3.55 $3.55

$1.51 COP 5,411

135.10%

Tomato (1kg)

$3.30 $3.30

$1.36 COP 4,869

142.65%

Potato (1kg)

$2.74 $2.74

$1.16 COP 4,146

136.21%

Onion (1kg)

$2.31 $2.31

$1.17 COP 4,174

97.44%

Lettuce (1 head)

$2.55 $2.55

$0.83 COP 2,960

207.23%

Water (1.5 liter bottle)

$1.63 $1.63

$0.85 COP 3,043

91.76%

Cigarettes 20 Pack (Marlboro, Camel)

$8.00 $8.00

$2.35 COP 8,423

240.43%

Wine (Bottle)

$13.12 $13.12

$11.09 COP 39.7K

18.30%

Local Beer (0.5 liter bottle)

$2.09 $2.09

$1.15 COP 4,133

81.74%

Imported Beer (0.33 liter bottle)

$2.68 $2.68

$2.47 COP 8,853

8.50%

One-way Ticket (Public Transport)

$1.98 $1.98

$0.79 COP 2,827

150.63%

Public Transport Monthly Pass (Regular Price)

$41.85 COP 149.8K

Taxi Start (Normal Tariff)

$2.42 $2.42

$1.44 COP 5,140

68.06%

Taxi (Normal Tariff) (1km)

$1.92 $1.92

$1.90 COP 6,793

1.05%

Taxi 1hour Waiting (Normal Tariff)

$35.66 $35.66

$7.70 COP 27.6K

363.12%

Gasoline (1 liter)

$0.84 $0.84

$1.03 COP 3,680

-18.45%

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

$26.5K $26.5K

$17.7K COP 63.3M

49.93%

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

$25.3K $25.3K

$27.0K COP 96.7M

-6.40%

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

$160 $160

$81.4 COP 291.4K

96.32%

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

$59.0 $59.0

$9.42 COP 33.7K

526.01%

Internet (50+ Mbps, Unlimited Data)

$70.8 $70.8

$23.77 COP 85.1K

197.98%

Gym Membership (Monthly)

$43.13 $43.13

$25.86 COP 92.6K

66.78%

Tennis Court (1 Hour on Weekend)

$19.34 COP 69.2K

Cinema Ticket

$15.22 $15.22

$4.05 COP 14.5K

275.80%

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

$1,189 $1,189

$312 COP 1.1M

280.51%

International Primary School, 1 Child (Yearly)

$9,704 $9,704

$6,067 COP 21.7M

59.96%

Jeans (Levis 501 Or Similar)

$50.9 $50.9

$58.9 COP 210.7K

-13.46%

Summer Dress (H&M, Zara, etc)

$36.97 $36.97

$32.82 COP 117.5K

12.64%

Sport Shoes (Adidas, Nike)

$102 $102

$100 COP 359.6K

1.15%

Men's Leather Business Shoes

$112 $112

$106 COP 380.3K

5.29%

1-bedroom Apartment, City Center (Monthly)

$1,627 $1,627

$490 COP 1.8M

232.32%

1-bedroom Apartment, Outside City Center (Monthly)

$1,369 $1,369

$371 COP 1.3M

269.46%

3-bedroom Apartment, City Center (Monthly)

$2,628 $2,628

$838 COP 3.0M

213.61%

3-bedroom Apartment, Outside City Center (Monthly)

$2,248 $2,248

$715 COP 2.6M

214.40%

Buy Apartment in City Center (m2)

$2,724 $2,724

$2,952 COP 10.6M

-7.72%

Buy Apartment Outside City Center (m2)

$2,329 $2,329

$1,394 COP 5.0M

67.06%

Average Monthly Net Salary (After Tax)

$532 COP 1.9M

20-Year Fixed Mortgage Interest Rate (Annual %)

6.6

13.43

-50.86%

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

Last update for Palmetto, FL: April 20, 2026

Last update for Medellin: April 20, 2026

Cost Breakdown

A central one-bedroom costs $1,627 in Palmetto, FL versus $490 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 $78 in Palmetto, FL versus $33 in Medellin. Monthly groceries follow the same trend: $400 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

Palmetto, FL vs Medellin: Cost of Living - Frequently Asked Questions

Yes – Palmetto, FL is pricier by about 153%, and the gap shows up most in Groceries & Markets. It's not just housing either; the difference applies across most spending categories.

For a comfortable life, plan on about $3,914 per month in Palmetto, FL and $1,544 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 $78.0 in Palmetto, FL 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 110% more in Palmetto, FL, 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 $1,030, than in Palmetto, FL at $2,609. In Medellin it covers expenses comfortably, while in Palmetto, FL 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, Palmetto, FL makes more sense. Both are solid long-term options with distinct trade-offs.